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Veritek Global Limited

02004704

active
Private Limited Company
Companies House
Health Score
57 / 100

Notable Risks

25/30
Filing
0/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

UNITS H4-H7 CHAUCER BUSINESS PARK, POLEGATE, BN26 6QH
Incorporated 27/03/1986

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33130
Repair of electronic and optical equipment
33190
Repair of other equipment
74209
Other photographic activities
74909
Other professional, scientific and technical activities

Officers

Mr Martin David Peck

director · Since 31/01/2020

ACCOUNTANT

BRITISH · ENGLAND · Age 63

Also on 2 other boards

Mr Shalin Pather

director · Since 29/12/2022

PORTFOLIO MANAGER

SOUTH AFRICAN · ENGLAND · Age 40

Also on 2 other boards

Persons with Significant Control

Veritek Global Holdings Limited

25–50% shares

Franklin House, Chaucer Business Park, Dittons Road, Polegate, BN26 6QH

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

GRESHAM HOUSE ASSET MANAGEMENT LIMITED (AS SECURITY TRUSTEE)

Created 13/07/2022Registered 14/07/2022
Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 30/07/2020Registered 31/07/2020
Charge
satisfied

BIBBY CORPORATE FINANCIAL SOLUTIONS LIMITED

Created 31/05/2019Registered 06/06/2019Satisfied 31/03/2022
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/07/2013Registered 01/08/2013Satisfied 16/04/2019
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 26/07/2013Registered 01/08/2013
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/07/2013Registered 01/08/2013Satisfied 16/04/2019
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/07/2013Registered 01/08/2013Satisfied 20/05/2014
Charge
outstanding

MOBEUS EQUITY PARTNERS LLP

Created 26/07/2013Registered 30/07/2013
Charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 26/07/2013Registered 29/07/2013Satisfied 30/09/2019
charge
satisfied

CLYDESDALE BANK PLC (LENDER)

Created 17/08/2012Registered 24/08/2012Satisfied 01/08/2013
charge
satisfied

CLYDESDALE BANK PLC

Created 04/04/2008Registered 15/04/2008Satisfied 01/08/2013
charge
satisfied

CLYDESDALE BANK PLC

Created 04/04/2008Registered 15/04/2008Satisfied 01/08/2013
charge
satisfied

LLOYDS TSB BANK PLC

Created 28/06/2006Registered 05/07/2006Satisfied 29/04/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 11/08/2003Registered 15/08/2003Satisfied 29/04/2008
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 28/07/2003Registered 29/07/2003Satisfied 29/04/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 22/04/2003Registered 29/04/2003Satisfied 17/03/2004
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/06/2000Registered 29/06/2000Satisfied 29/04/2008
charge
satisfied

LLOYDS TSB BANK PLC

Created 05/10/1999Registered 07/10/1999Satisfied 29/04/2008
charge
satisfied

LLOYDS BANK PLC

Created 16/01/1992Registered 24/01/1992Satisfied 29/04/2008
charge
satisfied

LLOYDS BANK PLC

Created 16/01/1992Registered 24/01/1992Satisfied 29/04/2008
charge
satisfied

LLOYDS BANK PLC

Created 18/06/1990Registered 22/06/1990Satisfied 29/04/2008
charge
satisfied

LLOYDS BANK PLC

Created 28/09/1989Registered 02/10/1989Satisfied 29/04/2008

CompanyRankvs 451+ SIC 33130 peers
31

Financial strength1th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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451Veritek Global Limited
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

Outstanding charges: -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 31/03/2023

Turnover

£10.5M

Annual revenue

Net Worth

-£116k

Balance sheet strength

Cash

£108k

Cash in the bank

Profit Before Tax

-£161k

Bottom line earnings

Net Current Assets

-£794k

Working capital

Current Assets

£3.6M

Current Liabilities

£4.4M

Fixed Assets

£713k

Debtors

£3.5M

Cost of Sales

£8.9M

Gross Profit

£1.6M

Admin Expenses

£1.7M

Operating Profit

-£72k

Profit After Tax

-£161k

90avg. employees-2

People Costs

Wages & salaries£3.2M
NI contributions£358k

Balance Sheet

Assets less current liabilities-£81k
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent RatioImplied Profit
20230.82-£161k
20220.83—

Derived from filed accounts. Not audited figures.