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Vs 602 Limited

10001397

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

45 WESTERHAM ROAD, SEVENOAKS, TN13 2QB
Incorporated 11/02/2016

Compliance

Last accounts

31/03/2025

full

Next accounts due

29/12/2026

On track

Confirmation statement

Last: 11/03/2026

Due 25/03/2027

On track

Industry

68100
Buying and selling of own real estate

Officers

Mr Kevin Ronald Spencer

director · Since 11/02/2016

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 65 other boards

Mr Michael Richard Brittain

director · Since 29/09/2022

FINANCIAL CONTROLLER

BRITISH · ENGLAND · Age 51

Also on 56 other boards

Rosslyn-Ann Weeks

secretary · Since 05/12/2022

Persons with Significant Control

Armatire Limited

75–100% shares

Markerstudy House, 45 Westerham Road, Sevenoaks, TN13 2QB

Reg: 09940284 · England & Wales · Private Company Limited By Shares

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

INVESTEC BANK PLC

Created 15/08/2022Registered 25/08/2022
Charge
satisfied

METRO BANK PLC

Created 27/05/2016Registered 02/06/2016Satisfied 18/08/2022
Charge
satisfied

METRO BANK PLC

Created 27/05/2016Registered 02/06/2016Satisfied 18/08/2022

CompanyRankvs 1854180+ SIC 68100 peers
10

Financial strength0th percentile among SIC peers · 0/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 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.

Longevity10/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern We draw attention to note 1.2 on page 8 of the financial statements concerning the company's ability to continue as a going concern which indicates that the company had net liabilit

Key FinancialsYear ending 31/03/2024

Net Worth

-£2.1M

Balance sheet strength

Cash

£4

Cash in the bank

Profit Before Tax

£308k

Bottom line earnings

Net Current Assets

-£2.8M

Working capital

Current Assets

£32k

Current Liabilities

£2.8M

Debtors

£32k

Admin Expenses

£54k

Profit After Tax

£308k

0avg. employees

Balance Sheet

Assets less current liabilities-£114k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.01+£308k
20230.01-£804k
20220.08-£395k
20210.04

Derived from filed accounts. Not audited figures.