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Vitesse Enterprises Limited

02521138

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

7-8 PORTMILL LANE, HITCHIN, SG5 1DJ
Incorporated 11/07/1990

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 01/06/2025

Due 15/06/2026

On track

Industry

41100
Development of building projects
68320
Management of real estate on a fee or contract basis

Officers

Mr Norman Francis Fleet

director · Since 11/07/1991

DIRECTOR

BRITISH · ENGLAND · Age 83

Also on 1 other board

Persons with Significant Control

Mr Norman Francis Fleet

75–100% shares
75–100% votes

British · England · Age 83

8 Stratford Road, Sandy, SG19 2AB

Notified 03/03/2023

Former PSCs

Mrs Margaret Catherine Fleet

Ceased 03/03/2023

Charges4 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 21/02/2013Registered 13/03/2013
charge
outstanding

BARCLAYS BANK PLC

Created 24/03/2000Registered 11/04/2000
charge
outstanding

BARCLAYS BANK PLC

Created 08/07/1999Registered 14/07/1999
charge
outstanding

BARCLAYS BANK PLC

Created 23/12/1991Registered 02/01/1992

CompanyRankvs 27011+ SIC 41100 peers
47

Financial strength53th percentile among SIC peers · 13/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.35× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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27011Vitesse Enterprises Limited
57
How is this score calculated?
Financial strength13/25 pts

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

Employees2/15 pts

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

Liquidity12/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2025

Net Worth

£1k

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

£30k

Working capital

Current Assets

£118k

Current Liabilities

£88k

Fixed Assets

£20k

Debtors

£80k

Profit After Tax

£26k

0avg. employees

Tax at Year End

Dividends paid£38k

Balance Sheet

Assets less current liabilities£50k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20251.35
20242.06
20231.45

Derived from filed accounts. Not audited figures.