Varo Limited
07599754
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/04/2011
ACCOUNTANT
BRITISH · ENGLAND · Age 54
Also on 2 other boards
Persons with Significant Control
Inventis Ltd
Damer, Meadow Way, Wickford, SS12 9HA
Notified 28/12/2019
Former PSCs
Mr Omamogho Ayotunde Binitie
Ceased 28/12/2019
CompanyRankvs 2025+ SIC 10890 peers40
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2025
Net Worth
-£238k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£238k
Working capital
Current Assets
£44k
Current Liabilities
£283k
Fixed Assets
£40k
Debtors
£24k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.16 | -£32k |
| 2024 | 0.27 | -£24k |
| 2023 | 0.24 | -£58k |
| 2022 | 0.32 | -£68k |
| 2021 | 0.51 | -£22k |
| 2020 | 0.52 | -£13k |
| 2019 | 0.44 | -£17k |
| 2018 | 0.88 | — |
Derived from filed accounts. Not audited figures.