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Versatile Commerce Limited

10984996

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

MARITIME HOUSE, FALMOUTH, TR11 3XA
Incorporated 27/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Praveen Paturi Venkata Naga

director · Since 10/07/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 2 other boards

Mr Rajeev Guda

director · Since 19/04/2024

DIRECTOR

INDIAN · INDIA · Age 39

Persons with Significant Control

Mr Praveen Paturi Venkata Naga

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

British · United Kingdom · Age 40

Maritime House, Discovery Quay, Falmouth, TR11 3XA

Notified 10/07/2020

Former PSCs

Mrs Surya Lakshmi Srujana Paturi

Ceased 10/07/2020

CompanyRankvs 45528+ SIC 62020 peers
58

Financial strength37th percentile among SIC peers · 9/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 7.33× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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45528Versatile Commerce Limited
57
How is this score calculated?
Financial strength9/25 pts

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

Employees5/15 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 31/12/2024

Net Worth

£125

Balance sheet strength

Cash

£38

Cash in the bank

Net Current Assets

£242k

Working capital

Current Assets

£281k

Current Liabilities

£38k

Debtors

£281k

1avg. employees+1

Balance Sheet

Assets less current liabilities£242k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20247.33
20180.08

Derived from filed accounts. Not audited figures.