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Varleys Builders Merchant Ltd

13050731

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

PROGRESS WORKS, BRADFORD, BD4 7DN
Incorporated 30/11/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46130
Agents involved in the sale of timber and building materials

Officers

Mr Daniel Mark Varley

director · Since 30/11/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 48

Also on 6 other boards

Mr Nathan James Varley

director · Since 30/11/2020

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 37 other boards

Persons with Significant Control

Mr Nathan James Varley

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

British · England · Age 50

Progress Works, Hall Lane, Bradford, BD4 7DN

Notified 30/11/2020

Mr Daniel Mark Varley

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

British · England · Age 48

Progress Works, Hall Lane, Bradford, BD4 7DN

Notified 30/11/2020

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 11/05/2023Registered 16/05/2023

CompanyRankvs 2079+ SIC 46130 peers
21

Financial strength0th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.77× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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2079Varleys Builders Merchant Ltd
36
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.

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

Outstanding charges: -10 pts

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

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

-£942k

Balance sheet strength

Cash

£91k

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£3.7M

Current Liabilities

£4.8M

Fixed Assets

£173k

Debtors

£1.3M

19avg. employees

Balance Sheet

Assets less current liabilities-£942k
Signed by Mr D M Varley 24/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.77-£390k
20230.85-£102k
20220.86-£300k
20210.91—

Derived from filed accounts. Not audited figures.