Varcon Properties Limited
04676096
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 27/04/2026
Due 11/05/2027
Industry
Officers
director · Since 25/03/2025
COMPANY DIRECTOR
BRITISH · GIBRALTAR · Age 58
Former
corporate nominee director · Resigned 24/02/2003
corporate nominee secretary · Resigned 24/02/2003
director · Resigned 11/06/2004
secretary · Resigned 11/06/2004
secretary · Resigned 01/12/2008
corporate secretary · Resigned 01/01/2009
director · Resigned 16/07/2014
director · Resigned 25/03/2025
director · Resigned 25/06/2025
Persons with Significant Control
Mr Christian Sweeting
British · Gibraltar · Age 58
66, St. James's Street, London, SW1A 1NE
Notified 25/03/2025
Former PSCs
Mr Wai Loon Cho
Ceased 25/03/2025
Charges0 outstanding
BANK OF MONTREAL
Insolvency History1 case
Benjamin John Wiles (practitioner) · Sarah Megan Rayment (practitioner)
Change History
Active - Proposal to Strike off
Private Limited Company
C/O LATIS GROUP LIMITED 66 ST JAMES'S STREET
LONDON
CompanyRankvs 169015+ SIC 68209 peers31
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
-£729k
Balance sheet strength
Cash
£45k
Cash in the bank
Net Current Assets
-£729k
Working capital
Current Assets
£139k
Current Liabilities
£868k
Fixed Assets
£23
Debtors
£95k
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.16 | -£434k |
| 2023 | 0.39 | — |
Derived from filed accounts. Not audited figures.