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Vap North 1 Limited

12686737

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

4TH FLOOR, LONDON, W1B 1PN
Incorporated 20/06/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56290
Other food service activities

Officers

Mr Naveen Handa

director · Since 20/06/2020

HOTELIER

BRITISH · UNITED KINGDOM · Age 38

Also on 34 other boards

Persons with Significant Control

Uk Vap Ltd

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

4th Floor, 1-3 Portland Place, London, W1B 1PN

Reg: 12659879 · Companies House · Private Limited Company

Notified 26/06/2024

Former PSCs

Savour Group Limited

Ceased 26/06/2024

CompanyRankvs 21498+ SIC 56101 peers
33

Financial strength6th percentile among SIC peers · 2/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.74× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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21498Vap North 1 Limited
38
How is this score calculated?
Financial strength2/25 pts

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

Employees14/15 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

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

sufficient liquidity to withstand adjustments to the base forecasts, as well as downside scenarios. Material uncertainty, which may cast significant doubt over the company's ability to trade as a going concern, has resulted from a net liability position in the year. However, the parent company received significant cash investments after the balance sheet date, which will provide additional fun

Key FinancialsYear ending 29/12/2024

Net Worth

-£152k

Balance sheet strength

Cash

£36k

Cash in the bank

Net Current Assets

-£236k

Working capital

Current Assets

£671k

Current Liabilities

£907k

Fixed Assets

£84k

Debtors

£624k

37avg. employees+32

Balance Sheet

Intangible assets£11k
Assets less current liabilities-£152k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.74-£477k
20231.58—

Derived from filed accounts. Not audited figures.