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Vistex (Uk) Limited

02123605

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

THE FORUM, LONDON, NW1 0EG
Incorporated 15/04/1987

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/06/2025

Due 04/07/2026

On track

Industry

62020
Information technology consultancy activities

Officers

Mr Amos Biegun

director · Since 08/05/1997

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 8 other boards

Hemali Sanjay Shah

director · Since 31/01/2024

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 54

Persons with Significant Control

Hemali Sanjay Shah

75–100% shares
75–100% votes
Appoint directors

American · United States · Age 54

The Forum, London, NW1 0EG

Notified 01/04/2024

Former PSCs

Sanjay Shah

Ceased 01/04/2024

Charges0 outstanding

charge
satisfied

BARCLAYS BANK PLC

Created 23/07/2001Registered 31/07/2001Satisfied 07/11/2025
charge
satisfied

BARCLAYS BANK PLC

Created 14/07/1998Registered 22/07/1998Satisfied 08/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 25/11/1997Registered 02/12/1997Satisfied 08/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 10/01/1996Registered 17/01/1996Satisfied 08/01/2024
charge
satisfied

BARCLAYS BANK PLC

Created 26/10/1992Registered 04/11/1992Satisfied 08/01/2024

CompanyRankvs 26+ SIC 62020 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.4× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

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 31/12/2023

Turnover

£13.4M

Annual revenue

Net Worth

£13.6M

Balance sheet strength

Cash

£4.5M

Cash in the bank

Profit Before Tax

£1.5M

Bottom line earnings

Net Current Assets

£13.5M

Working capital

Current Assets

£19.1M

Current Liabilities

£5.6M

Fixed Assets

£201k

Debtors

£14.6M

Cost of Sales

£10.5M

Gross Profit

£2.9M

Admin Expenses

£1.4M

Operating Profit

£1.5M

Profit After Tax

£1.2M

88avg. employees+5

People Costs

Wages & salaries£6.4M
NI contributions£795k

Balance Sheet

Intangible assets£5k
Assets less current liabilities£13.7M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20233.40+£1.2M
20223.09

Derived from filed accounts. Not audited figures.