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Varis Management Ltd

09710745

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

SPITALFIELDS HOUSE, BOREHAMWOOD, WD6 2FX
Incorporated 30/07/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Vivek Priya Dass Mahan

director · Since 30/07/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 4 other boards

Mrs Rashmi Mahan

director · Since 16/09/2022

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 8 other boards

Persons with Significant Control

Varis Developments Limited

75–100% shares

First Floor, Spitalfields House, Stirling Way, Borehamwood, WD6 2FX

Reg: 09722424 · Companies Houe · Limited Company

Notified 16/04/2020

Former PSCs

Mr Vivek Priya Dass Mahan

Ceased 16/04/2020

Charges4 outstanding

Charge
outstanding

REIM LENDING LIMITED

Created 07/11/2025Registered 12/11/2025
Charge
outstanding

REIM LENDING LIMITED

Created 07/11/2025Registered 12/11/2025
Charge
satisfied

KSEYE CAPITAL HOLDINGS LIMITED

Created 12/11/2024Registered 13/11/2024Satisfied 11/11/2025
Charge
outstanding

ALDERMORE BANK PLC

Created 20/12/2023Registered 27/12/2023
Charge
outstanding

ALDERMORE BANK PLC

Created 20/12/2023Registered 27/12/2023
Charge
satisfied

INVESTEC BANK PLC.

Created 25/10/2021Registered 11/11/2021Satisfied 20/10/2025
Charge
satisfied

INVESTEC BANK PLC

Created 11/06/2021Registered 30/06/2021Satisfied 20/10/2025
Charge
satisfied

OAKNORTH BANK PLC

Created 20/11/2020Registered 29/11/2020Satisfied 16/12/2023

CompanyRankvs 23323+ SIC 68100 peers
59

Financial strength98th percentile among SIC peers · 25/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.94× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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23323Varis Management Ltd
64
How is this score calculated?
Financial strength25/25 pts

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

Employees12/15 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.

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 31/12/2024

Net Worth

£2.5M

Balance sheet strength

Cash

£47k

Cash in the bank

Net Current Assets

-£120k

Working capital

Current Assets

£1.7M

Current Liabilities

£1.9M

Fixed Assets

£11.1M

Debtors

£1.7M

2avg. employees

Balance Sheet

Bank loans & overdrafts£7.7M
Assets less current liabilities£11.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.94-£11k
20230.94-£103k
20220.52+£2.2M
20210.13—

Derived from filed accounts. Not audited figures.