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Virtual It Services Provider Ltd

08823212

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 9, GATESHEAD, NE11 9SY
Incorporated 20/12/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet
62020
Information technology consultancy activities
85590
Other education
85600
Educational support services

Officers

Mr Muhammad Umar Hayat Chaudhry

director · Since 20/12/2013

IT MANAGER

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Muhammad Umar Hayat Chaudhry

25–50% shares
25–50% votes
Appoint directors

British · England · Age 48

9, The Watermark, Gateshead, NE11 9SY

Notified 06/04/2016

Mrs Saima Younis

25–50% shares
25–50% votes

British · United Kingdom · Age 45

Unit 9, Bankside, The Watermark, Gateshead, NE11 9SY

Notified 15/11/2021

Charges3 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/10/2023Registered 09/11/2023
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/10/2023Registered 06/11/2023
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 23/10/2023Registered 24/10/2023
Charge
satisfied

ALLICA BANK LIMITED

Created 07/05/2021Registered 13/05/2021Satisfied 24/02/2023

CompanyRankvs 12198+ SIC 47910 peers
57

Financial strength89th percentile among SIC peers · 22/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.41× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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12198Virtual It Services Provider Ltd
66
How is this score calculated?
Financial strength22/25 pts

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

Employees15/15 pts

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

Liquidity2/20 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

£27k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£383k

Working capital

Current Assets

£263k

Current Liabilities

£646k

Fixed Assets

£733k

25avg. employees+24

Balance Sheet

Assets less current liabilities£350k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.41+£18k
20240.11-£11k
20230.02+£2k
20220.08-£1k
20211.60—

Derived from filed accounts. Not audited figures.