George Varney (Bulk Services) Limited
01225679
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Andrew John Disney
secretary · Since 04/02/2015
Finisia Sherwood
director · Since 16/03/2010
British
Justin Anthony Sherwood
director · Since 27/11/2009
British
Belinda Hayley Sherwood-Ratcliffe
director · Since 22/10/2020
British
Former
Roger Michael Orrill
secretary · Resigned 14/12/2014
Philip Graham Orme
director · Resigned 06/04/2012
Alan Frederick Sherwood
director · Resigned 07/08/1998
CompanyRankvs 77700+ SIC 49410 peers66
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2024
Turnover
£10.1M
Annual revenue
Net Worth
£2.2M
Balance sheet strength
Cash
£300
Cash in the bank
Profit Before Tax
-£16k
Bottom line earnings
Net Current Assets
-£933k
Working capital
Current Assets
£2.3M
Current Liabilities
£3.2M
Fixed Assets
£4.5M
Debtors
£2.3M
Cost of Sales
£9.2M
Gross Profit
£812k
Admin Expenses
£749k
Operating Profit
£79k
Profit After Tax
£20k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.71 | +£20k |
| 2023 | 0.83 | — |
Derived from filed accounts. Not audited figures.