Varnavas Enterprises Ltd
05590137
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Stavros Varnavas
British · England · Age 50
376a, Brunshaw Road, Burnley, BB10 3HU
Notified 06/04/2016
Charges1 outstanding
WELGATE LIMITED
CompanyRankvs 37718+ SIC 41100 peers44
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 29/07/2025
Net Worth
-£13k
Balance sheet strength
Cash
£21k
Cash in the bank
Net Current Assets
-£100k
Working capital
Current Assets
£500k
Current Liabilities
£600k
Debtors
£2k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.83 | +£9k |
| 2024 | 0.79 | +£252 |
| 2023 | 0.75 | +£599 |
| 2022 | 0.67 | -£2k |
| 2021 | 0.50 | -£3k |
| 2020 | 0.28 | -£899 |
| 2019 | 0.08 | -£2k |
| 2018 | 0.03 | — |
Derived from filed accounts. Not audited figures.