Virtue Technologies Limited
05672642
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/02/2006
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 5 other boards
Persons with Significant Control
Mr Philip Edward Lawson
British · England · Age 47
Chadwick House, Maple View, Skelmersdale, WN8 9TD
Notified 06/04/2016
Charges2 outstanding
CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)
CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY) (COMPANY NUMBER SC001111)
VENTURE FINANCE PLC TRADING AS VENTURE FACTORS
CompanyRankvs 17612+ SIC 62020 peers55
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/04/2025
Turnover
£10.9M
Annual revenue
Net Worth
£325k
Balance sheet strength
Cash
£92k
Cash in the bank
Profit Before Tax
-£88k
Bottom line earnings
Net Current Assets
-£259k
Working capital
Current Assets
£2.1M
Current Liabilities
£2.4M
Fixed Assets
£632k
Debtors
£2.0M
Cost of Sales
£8.9M
Gross Profit
£2.0M
Admin Expenses
£2.1M
Operating Profit
-£70k
Profit After Tax
-£85k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.89 | -£161k | £3.3M |
| 2024 | 0.96 | -£5k | — |
| 2023 | 0.96 | -£76k | — |
| 2022 | 0.88 | +£7k | — |
| 2021 | 1.22 | +£115k | — |
| 2020 | 1.23 | +£50k | — |
| 2019 | 1.21 | +£32k | — |
| 2018 | 1.16 | — | — |
Derived from filed accounts. Not audited figures.