Vfc Foods Ltd
12856434
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 03/09/2020
DIRECTOR
BRITISH · ENGLAND · Age 54
Also on 5 other boards
Persons with Significant Control
The Vegan Food Group Ltd
Unit 4, Opus Avenue, York, YO26 6BL
Reg: 14273055 · Companies House · Private Company Limited By Shares
Notified 23/11/2022
Former PSCs
Mr Matthew David Glover
Ceased 01/09/2022
Mr Adam Michael Lyons
Ceased 01/09/2022
Mr Adam Michael Lyons
Ceased 21/10/2022
Mr Matthew David Glover
Ceased 21/10/2022
Veg Capital Ltd
Ceased 23/11/2022
CompanyRankvs 1226+ SIC 10890 peers45
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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
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
performance is different from that assumed in the forecasts produced. In the opinion of the directors, this risk is deemed a material uncertainty related to the company’s ability to continue as a going concern. This uncertainty may cast significant doubt on the company’s ability to continue as a going concern. Nevertheless, having made appropriate enquiries and considering the mitigating actio
Key FinancialsYear ending 31/12/2024
Net Worth
-£10.7M
Balance sheet strength
Cash
£1.1M
Cash in the bank
Net Current Assets
£7.9M
Working capital
Current Assets
£8.8M
Current Liabilities
£929k
Fixed Assets
£505k
Debtors
£6.8M
Profit After Tax
-£6.6M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 9.49 | -£6.9M |
| 2023 | 3.29 | +£1.1M |
| 2022 | 4.77 | -£3.6M |
| 2021 | 7.71 | — |
Derived from filed accounts. Not audited figures.