Var Logistics Ltd
12625559
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Paul Hugh Newport
British · United Kingdom · Age 51
Plot C, Supergas Ind Est, Witney, OX29 0SZ
Notified 27/05/2020
Mr Roger John Alder
British · England · Age 60
Plot C, Supergas Ind Est, Witney, OX29 0SZ
Notified 21/02/2022
Charges1 outstanding
ADVANTEDGE COMMERCIAL FINANCE LIMITED
CompanyRankvs 45932+ SIC 49410 peers19
Show leaderboard
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
-£28k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£263k
Working capital
Current Assets
£470k
Current Liabilities
£734k
Fixed Assets
£452k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.64 | -£125k |
| 2024 | 0.54 | -£3k |
| 2023 | 0.66 | — |
Derived from filed accounts. Not audited figures.