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Volsec Ltd

12663558

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

SUITE 7 THE PLAZA BUSINESS CENTRE, SOUTHEND-ON-SEA, SS2 6BB
Incorporated 11/06/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

86900
Other human health activities

Officers

Mr Kundai Wesley Chisale

director · Since 11/06/2020

BUSINESS PERSON

ZIMBABWEAN · UNITED KINGDOM · Age 29

Mr Reuben Chisale

director · Since 03/10/2023

CEO

ZIMBABWEAN · UNITED KINGDOM · Age 53

Persons with Significant Control

Mr Kundai Wesley Chisale

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

Zimbabwean · Zimbabwe · Age 29

Suite 7 The Plaza Business Centre, 45 Victoria Avenue, Southend-On-Sea, SS2 6BB

Notified 11/06/2020

Mr Reuben Chisale

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

Zimbabwean · United Kingdom · Age 53

Suite 7 The Plaza Business Centre, 45 Victoria Avenue, Southend-On-Sea, SS2 6BB

Notified 01/07/2023

Former PSCs

Mr Reuben Chisale

Ceased 26/03/2021

Charges1 outstanding

Charge
outstanding

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 18/07/2024Registered 23/07/2024

CompanyRankvs 38617+ SIC 86900 peers
40

Financial strength31th percentile among SIC peers · 8/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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38617Volsec Ltd
46
How is this score calculated?
Financial strength8/25 pts

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

Employees15/15 pts

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

Liquidity6/20 pts

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

Longevity6/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/06/2024

Net Worth

£51

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£107k

Current Liabilities

£124k

Fixed Assets

£17k

Debtors

£105k

22avg. employees+3

Tax at Year End

Corp tax£1k

People Costs

Wages & salaries£482k
NI contributions£36k

Balance Sheet

Assets less current liabilities£51
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent Ratio
20240.87
20230.94

Derived from filed accounts. Not audited figures.