Vp Lounges Limited
09498787
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
30/06/2024
unaudited abridged
Next accounts due
30/06/2026
Confirmation statement
Last: 05/07/2025
Due 19/07/2026
Industry
Officers
director · Since 19/03/2015
RESTAURATEUR
BRITISH · ENGLAND · Age 36
Also on 5 other boards
Persons with Significant Control
Parin Bharat Patel
British · United Kingdom · Age 36
22, Mapledale Avenue, Croydon, CR0 5TB
Notified 01/09/2020
Former PSCs
Mrs Varshaben Bharat Patel
Ceased 01/09/2020
Mr Rajeshchandra Ramanbhai Patel
Ceased 01/09/2020
Vidur Rajesh Patel
Ceased 20/09/2023
Charges3 outstanding
FIRST MERCHANT FINANCE PLC
FIRST MERCHANT FINANCE PLC
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 4951+ SIC 56101 peers60
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2024
Net Worth
£328k
Balance sheet strength
Cash
£25k
Cash in the bank
Net Current Assets
-£19k
Working capital
Current Assets
£695k
Current Liabilities
£713k
Fixed Assets
£635k
Debtors
£645k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.97 | +£35k |
| 2023 | 0.27 | +£1.1M |
| 2022 | 0.08 | +£70k |
| 2021 | 0.08 | -£212k |
| 2020 | 0.05 | -£718k |
| 2019 | 0.09 | — |
Derived from filed accounts. Not audited figures.