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Vreo Innovation Limited

09681573

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

6 DOUBLE ROW, SEATON DELAVAL, NE25 0PP
Incorporated 13/07/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26120
Manufacture of loaded electronic boards
27900
Manufacture of other electrical equipment

Officers

Mr Mark William Vernon

director · Since 13/07/2015

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 7 other boards

Miss Karen Marie Weech

director · Since 13/07/2015

COMMERCIAL DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 3 other boards

Persons with Significant Control

Miss Karen Marie Weech

25–50% shares
25–50% votes

British · England · Age 55

6 Double Row, 6 Double Row, Seaton Delaval, NE25 0PP

Notified 06/04/2016

Mr Mark William Vernon

50–75% shares
50–75% votes

British · England · Age 56

6 Double Row, 6 Double Row, Seaton Delaval, NE25 0PP

Notified 01/07/2016

Charges1 outstanding

Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 18/08/2025Registered 19/08/2025
Charge
satisfied

REWARD CAPITAL LIMITED

Created 03/09/2015Registered 09/09/2015Satisfied 19/09/2015

CompanyRankvs 168+ SIC 26120 peers
58

Financial strength64th percentile among SIC peers · 16/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.75× · 16/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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168Vreo Innovation Limited
63
How is this score calculated?
Financial strength16/25 pts

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

Employees10/15 pts

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

Liquidity16/20 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.

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 31/07/2025

Net Worth

£53k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£185k

Working capital

Current Assets

£433k

Current Liabilities

£248k

Fixed Assets

£35k

Debtors

£124k

3avg. employees

Tax at Year End

VAT£25k

Balance Sheet

Bank loans & overdrafts£159k
Assets less current liabilities£220k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.75+£0£494k
20251.75-£82k£494k
20242.04+£11k£256k
20232.75+£49k—
20223.15+£52k—
20213.32——

Derived from filed accounts. Not audited figures.