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Varis Developments Limited

09722424

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

SPITALFIELDS HOUSE 1ST FLOOR, BOREHAMWOOD, WD6 2FX
Incorporated 08/08/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Vivek Priya Dass Mahan

director · Since 01/10/2015

COMPANY 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

Mr Vivek Priya Dass Mahan

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

British · England · Age 55

Spitalfields House, 1st Floor, Borehamwood, WD6 2FX

Notified 31/07/2016

Former PSCs

Mr Mahmood Ismailjee

Ceased 21/02/2018

Mr Sanik Karia

Ceased 21/02/2018

Charges2 outstanding

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satisfied

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CompanyRankvs 37481+ SIC 41100 peers
41

Financial strength53th percentile among SIC peers · 13/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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37481Varis Developments Limited
50
How is this score calculated?
Financial strength13/25 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.

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.

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

£1k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£1.5M

Working capital

Current Assets

£1.1M

Current Liabilities

£2.5M

Fixed Assets

£457k

Debtors

£1.1M

2avg. employees

Balance Sheet

Assets less current liabilities-£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.43
20230.43
20220.44
20210.52

Derived from filed accounts. Not audited figures.