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Vela Properties Limited

05091021

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

16 GREATFIELD AVENUE, E6 3RU
Incorporated 01/04/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Dr Nalaiyini Sothinathan

secretary · Since 01/04/2004

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 11 other boards

Dr Nalaiyini Sothinathan

director · Since 01/04/2004

LECTURER

BRITISH · ENGLAND · Age 63

Also on 11 other boards

Dr Nathan Vela

director · Since 01/04/2004

LECTUTER

BRITISH · ENGLAND · Age 69

Also on 1 other board

Persons with Significant Control

Dr Nalaiyini Sothinathan

25–50% shares
25–50% votes
right-to-appoint-and-remove-directors-as-firm

British · England · Age 63

16, Greatfield Avenue, London, E6 3RU

Notified 06/04/2016

Dr Nathan Vela

25–50% shares
ownership-of-shares-25-to-50-percent-as-firm
25–50% votes
Appoint directors
significant-influence-or-control-as-firm

British · England · Age 69

16, Greatfield Avenue, London, E6 3RU

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

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Charge
satisfied

ONESAVINGS BANK PLC

Created 16/05/2019Registered 17/05/2019Satisfied 28/12/2024
Charge
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ONESAVINGS BANK PLC

Created 16/05/2019Registered 17/05/2019Satisfied 29/06/2025
Charge
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BRIDGECO LIMITED

Created 27/04/2017Registered 10/05/2017Satisfied 03/04/2020
Charge
satisfied

BRIDGECO LIMITED

Created 27/04/2017Registered 10/05/2017Satisfied 03/04/2020
charge
satisfied

MORTGAGE EXPRESS

Created 27/07/2006Registered 29/07/2006Satisfied 17/05/2017
charge
satisfied

MORTGAGE EXPRESS

Created 21/07/2006Registered 28/07/2006Satisfied 17/05/2017

CompanyRankvs 205300+ SIC 68209 peers
26

Financial strength2th percentile among SIC peers · 1/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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205300Vela Properties Limited
36
How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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 31/03/2025

Net Worth

-£149k

Balance sheet strength

Cash

£147

Cash in the bank

Net Current Assets

-£281k

Working capital

Current Assets

£96k

Current Liabilities

£377k

Fixed Assets

£479k

Debtors

£96k

0avg. employees

Balance Sheet

Bank loans & overdrafts£348k
Assets less current liabilities£199k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.26-£21k
20240.08-£10k
20230.08-£6k
20220.08-£5k
20210.08+£756
20200.08-£84k

Derived from filed accounts. Not audited figures.