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Vic Uk Insulation Limited

11892284

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

MERIT HOUSE WHITEWALL ROAD, ROCHESTER, ME2 4WS
Incorporated 19/03/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

23990
Manufacture of other non-metallic mineral products

Officers

Mr Richard Ashford

director · Since 19/03/2019

DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 11 other boards

Peter Ligtenberg

director · Since 19/03/2019

DIRECTOR

DUTCH · NETHERLANDS · Age 40

Steven Weekes

secretary · Since 01/06/2019

Persons with Significant Control

Merit Group Holdings Limited

50–75% shares
50–75% votes
right-to-appoint-and-remove-directors-as-firm

Merit House, Whitewall Road, Rochester, ME2 4WS

Notified 19/03/2019

Vic International Bv

25–50% shares
25–50% votes
Appoint directors

2, Koopvaardijweg, Oosterhout

Notified 19/03/2019

Charges0 outstanding

Charge
satisfied

RBS INVOICE FINANCE LTD

Created 05/05/2020Registered 05/05/2020Satisfied 09/07/2025

CompanyRankvs 213+ SIC 23990 peers
24

Financial strength1th percentile among SIC peers · 0/25
Employees66th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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213Vic Uk Insulation Limited
34
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.

Employees10/15 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.

Longevity7/15 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

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

Going Concern Doubt

company's ability to continue as a going concern. As disclosed in note 1.2, the directors have concluded that the company is not a going concern following the decision to cease to trade in October 2022. The financial statements have been prepared on a basis other than going concern. Senior Statutory Auditor: Mr Mark Attwood FCCA Statutory Aud

Key FinancialsYear ending 31/08/2023

Net Worth

-£548k

Balance sheet strength

Cash

£84

Cash in the bank

Net Current Assets

-£548k

Working capital

Current Assets

£12k

Current Liabilities

£560k

Fixed Assets

£0

Debtors

£12k

3avg. employees-1

Balance Sheet

Assets less current liabilities-£548k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.02+£14k
20220.19-£103k
20210.28-£145k
20200.39—

Derived from filed accounts. Not audited figures.