Virttrade Ltd
07948120
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/07/2018
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
Persons with Significant Control
Mercia (General Partner) Limited
Forward House, High Street, Henley-In-Arden, B95 5AA
Reg: 09705072 · England And Wales · Private Limited Company
Notified 02/03/2017
Former PSCs
Mercia Fund Management Ltd
Ceased 02/03/2017
Mr John Howard
Ceased 26/05/2020
Mr Peter Richard Smith
Ceased 10/07/2020
Mrs Julie Marie Howard
Ceased 10/07/2020
Charges2 outstanding
SATAGO FINANCIAL SOLUTIONS LIMITED
MERCIA INVESTMENT PLAN LP (ACTING BY ITS GENERAL PARTNER MERCIA (GENERAL PARTNER) LIMITED)
HEAD GEAR FILMS FN LTD
MERCIA INVESTMENT PLAN LP ACTING BY ITS GENERAL PARTNER MERCIA (GENERAL PARTNER ) LIMITED
CompanyRankvs 418+ SIC 58210 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
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
successful renegotiation of the redemption dates (up to March 2027) on the existing loan facilities and the additional comfort on Mercia's continuous financial support' the directors believe that going concern status of the business is not impacted. However, it does indicate that a material uncertainty does exist, that may cast significant doubt on the company’s ability to continue as a going
Key FinancialsYear ending 31/08/2025
Net Worth
-£3.8M
Balance sheet strength
Cash
£172k
Cash in the bank
Net Current Assets
£381k
Working capital
Current Assets
£671k
Current Liabilities
£290k
Fixed Assets
£15k
Debtors
£498k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.31 | +£0 |
| 2025 | 2.31 | -£2.2M |
| 2024 | 5.38 | +£3.7M |
| 2023 | 0.53 | -£644k |
| 2022 | 0.95 | +£829k |
| 2021 | 1.87 | -£1.4M |
| 2020 | 6.21 | -£1.1M |
| 2019 | 4.36 | — |
Derived from filed accounts. Not audited figures.