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Veracity Initiative Limited

10974809

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

66 SHEARWATER AVENUE, TILBURY, RM18 8DQ
Incorporated 21/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62030
Computer facilities management activities
63990
Other information service activities
96090
Other personal service activities

Officers

Mr Babatunde Charles Huesu

director · Since 21/09/2017

ADMINISTRATOR

NIGERIAN · UNITED KINGDOM · Age 40

Persons with Significant Control

Mr Babatunde Charles Huesu

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes

Nigerian · United Kingdom · Age 40

66, Shearwater Avenue, Tilbury, RM18 8DQ

Notified 21/09/2017

CompanyRankvs 2132+ SIC 62030 peers
53

Financial strength11th percentile among SIC peers · 3/25
Employees40th percentile among SIC peers · 6/15
LiquidityCurrent ratio 6.65× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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2132Veracity Initiative Limited
53
How is this score calculated?
Financial strength3/25 pts

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

Employees6/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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.

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

Key FinancialsYear ending 31/08/2025

Net Worth

-£6k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£17k

Working capital

Current Assets

£20k

Current Liabilities

£3k

1avg. employees

Balance Sheet

Assets less current liabilities£17k
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent RatioImplied Profit
20256.65+£2k
202410.25+£3k
20239.13—

Derived from filed accounts. Not audited figures.