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Varaak Ltd

11458260

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

42 KENSINGTON ROAD, OLDHAM, OL8 4BZ
Incorporated 10/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70210
70210

Officers

Mr Ahad Ullah Shah

director · Since 10/07/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 11 other boards

Persons with Significant Control

Mr Ahad Ullah Shah

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

British · United Kingdom · Age 50

42, Kensington Road, Oldham, OL8 4BZ

Notified 10/07/2018

CompanyRankvs 7709+ SIC 70210 peers
40

Financial strength46th percentile among SIC peers · 12/25
Employees33th percentile among SIC peers · 5/15
LiquidityNo balance sheet data · 0/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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7709Varaak Ltd
39
How is this score calculated?
Financial strength12/25 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.

Liquidity0/20 pts

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

Longevity8/15 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 31/07/2020

Net Worth

£822

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£822

Working capital

Current Assets

—

Current Liabilities

£3k

1avg. employees+1

Balance Sheet

Assets less current liabilities£822
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent Ratio
20191.02

Derived from filed accounts. Not audited figures.