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Vitesh Uk Ltd

09287277

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

BLACK DIAMOND, BLYTH, NE24 4NP
Incorporated 29/10/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Ramalingam Thangavelu

director · Since 29/10/2014

ENTREPRENEUR

BRITISH · ENGLAND · Age 41

Also on 3 other boards

Persons with Significant Control

Former PSCs

Mr Ramalingam Thangavelu

Ceased 12/02/2021

Charges2 outstanding

Charge
outstanding

FINSEC LIMITED

Created 04/08/2022Registered 08/08/2022
Charge
outstanding

FINSEC LIMITED

Created 04/08/2022Registered 08/08/2022

CompanyRankvs 4297+ SIC 47110 peers
61

Financial strength96th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.88× · 6/20
Longevity12 years trading (max 15) · 12/15
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.

Employees14/15 pts

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

Liquidity6/20 pts

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

Longevity12/15 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 31/10/2024

Net Worth

£286k

Balance sheet strength

Cash

£18k

Cash in the bank

Net Current Assets

-£59k

Working capital

Current Assets

£450k

Current Liabilities

£509k

Fixed Assets

£497k

Debtors

£262k

14avg. employees+4

Balance Sheet

Intangible assets£108k
Bank loans & overdrafts£121k
Assets less current liabilities£438k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.88+£102k
20230.94+£96k
20221.30+£10k
20212.13+£15k
20201.51+£10k
20192.28+£2k
20182.29

Derived from filed accounts. Not audited figures.