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Virdi Contractors Limited

05573779

liquidation
Private Limited Company
england wales
Companies House
1 outstanding charge
Insolvency history
Health Score
N/A

Details

1ST FLOOR, FAIRCLOUGH HOUSE, CHORLEY, PR7 4EX
Incorporated 26/09/2005

Compliance

Last accounts

31/03/2023

total exemption full

Next accounts due

31/12/2024

Overdue

Confirmation statement

Last: 09/05/2023

Due 23/05/2024

Overdue

Industry

41100
Development of building projects
41202
Construction of domestic buildings
42990
Construction of other civil engineering projects

Officers

Mr Amrik Singh Virdi

secretary · Since 26/09/2005

BRITISH

Mr Narinder Singh Virdi

director · Since 26/09/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Also on 1 other board

Persons with Significant Control

Mr Narinder Singh Virdi

right-to-appoint-and-remove-directors-as-firm
Significant control
significant-influence-or-control-as-firm

British · United Kingdom · Age 67

1st Floor, Fairclough House, Church Street, Chorley, PR7 4EX

Notified 26/09/2016

Charges1 outstanding

Debenture
outstanding

National Westminster Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill uncalled capital buildings fixtures plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 20/07/2010Registered 27/07/2010
Debenture
fully satisfied

Barclays Bank PLC

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 26/02/2007Registered 01/03/2007Satisfied 07/08/2010

Insolvency History1 case

creditors voluntary liquidation28/06/2024

Rikki Burton (practitioner)

CompanyRankvs 15+ SIC 41100 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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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.

Employees0/15 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2023

Net Worth

£100

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£40k

Working capital

Current Assets

£708k

Current Liabilities

£748k

Fixed Assets

£2k

Debtors

£408k

2avg. employees

Balance Sheet

Assets less current liabilities-£38k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.95

Derived from filed accounts. Not audited figures.