Vpanel Limited
10893297
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/08/2017
CHARTERED SURVEYOR
BRITISH · UNITED KINGDOM · Age 43
Also on 2 other boards
director · Since 15/11/2017
DIRECTOR OF OPERATIONS
BRITISH · ENGLAND · Age 44
Also on 1 other board
secretary · Since 19/11/2020
Persons with Significant Control
Vas Panel Limited
Riverside House, Unit 17, High Force Road, Middlesbrough, TS2 1RH
Reg: 10709000 · Companies House · Private Limited Company
Notified 04/06/2024
Former PSCs
Mr. Stephen Robert Todd
Ceased 01/09/2018
Miss Georgina Ellie May
Ceased 01/09/2018
Vas Group Holdings Ltd
Ceased 04/06/2024
Charges0 outstanding
HSBC UK BANK PLC
CompanyRankvs 7324+ SIC 74909 peers66
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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
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£1.3M
Balance sheet strength
Cash
£4.7M
Cash in the bank
Profit Before Tax
£1.3M
Bottom line earnings
Net Current Assets
£493k
Working capital
Current Assets
£6.7M
Current Liabilities
£6.2M
Fixed Assets
£1.1M
Debtors
£2.0M
Cost of Sales
£31.3M
Admin Expenses
£2.9M
Profit After Tax
£1.0M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.08 | +£472k |
| 2023 | 1.06 | +£356k |
| 2022 | 1.06 | +£261k |
| 2021 | 1.05 | +£176k |
| 2020 | 1.15 | -£74k |
| 2019 | 1.04 | — |
Derived from filed accounts. Not audited figures.