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Vernon Finance Limited

08578828

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

3 CASTLEGATE, GRANTHAM, NG31 6SF
Incorporated 20/06/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64929
64929

Officers

Mr Christian James Roy Vernon

director · Since 20/06/2013

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 4 other boards

Mr Dean John Vernon

director · Since 20/06/2013

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 4 other boards

Mr John Michael Vernon

director · Since 20/06/2013

DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 2 other boards

Charges1 outstanding

Charge
outstanding

HANDELSBANKEN PLC

Created 14/05/2020Registered 21/05/2020

CompanyRankvs 194+ SIC 64929 peers
64

Financial strength97th percentile among SIC peers · 24/25
Employees16th percentile among SIC peers · 2/15
LiquidityCurrent ratio 8.43× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 31/03/2025

Net Worth

£26.5M

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

£26.5M

Working capital

Current Assets

£30.1M

Current Liabilities

£3.6M

Debtors

£30.1M

0avg. employees

Tax at Year End

Corp tax£296k

Balance Sheet

Bank loans & overdrafts£2.7M
Assets less current liabilities£26.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20258.43+£252k
202425.40+£1.9M
202313.75

Derived from filed accounts. Not audited figures.