Verex Premium Finance Limited
07447397
Details
Compliance
Last accounts
31/12/2022
small
Next accounts due
30/09/2024
Confirmation statement
Last: 22/11/2024
Due 06/12/2025
Industry
Officers
director · Since 18/08/2023
COMPANY DIRECTOR
ENGLISH · ENGLAND · Age 72
Also on 11 other boards
director · Since 28/04/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 49
Persons with Significant Control
Jmg Realisations Ltd (Formerly Verex Insurance Services Ltd) - In Administration
C/O Pbc Business Recovery, 9-10 Sirocco Close, Northampton, NN3 6AP
Reg: 05686831 · Register Of Companies · Private Company Limited By Shares
Notified 18/08/2023
Former PSCs
Mr James Richard Hallett
Ceased 18/08/2023
Charges1 outstanding
LEWIS MANAGEMENT LIMITED
LLOYDS BANK PLC
LLOYDS BANK PLC
ORCHARD FUNDING LIMITED
BEXHILL UK LIMITED
Insolvency History1 case
David Farmer (practitioner) · Lloyd Christopher Biscoe (practitioner)
CompanyRankvs 15+ SIC 64921 peers12
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intends to liquidate the Company or to cease oper
Key FinancialsYear ending 31/12/2022
Turnover
£616k
Annual revenue
Net Worth
£289k
Balance sheet strength
Cash
£41k
Cash in the bank
Profit Before Tax
£255k
Bottom line earnings
Net Current Assets
£289k
Working capital
Current Assets
£4.4M
Current Liabilities
£4.1M
Debtors
£4.4M
Gross Profit
£616k
Admin Expenses
£66k
Operating Profit
£550k
Profit After Tax
£255k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 1.07 | +£255k |
| 2022 | 1.01 | — |
Derived from filed accounts. Not audited figures.