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Versatile Innovations Ltd

09459309

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

16 FULLERS AVENUE, WATFORD, WD25 9BU
Incorporated 26/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mrs Olajumoke Theresa Oshilaja

director · Since 26/02/2015

IT CONSULTANT

BRITISH · UNITED KINGDOM · Age 46

Persons with Significant Control

Mrs Olajumoke Theresa Oshilaja

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 46

16, Fullers Avenue, Watford, WD25 9BU

Notified 01/07/2016

CompanyRankvs 145583+ SIC 70229 peers
36

Financial strength6th percentile among SIC peers · 2/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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145583Versatile Innovations Ltd
36
How is this score calculated?
Financial strength2/25 pts

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

Employees6/15 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.

Longevity11/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 28/02/2025

Net Worth

-£21k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£5

Current Liabilities

£7k

Fixed Assets

£11k

1avg. employees

Balance Sheet

Assets less current liabilities£4k
Prepared with FreeAgent

EstimatesDerived

YearCurrent RatioImplied Profit
20250.00-£40k
20242.60+£468
20233.48+£2k
20222.78+£14k
20212.53+£829
20201.11+£0
20191.11—

Derived from filed accounts. Not audited figures.