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Varahi Residence Limited

14970069

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

OFFICE 6127 321-323 HIGH ROAD, ESSEX, RM6 6AX
Incorporated 29/06/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings
43330
Floor and wall covering
43341
Painting
68100
Buying and selling of own real estate

Officers

Mr Laxmi Narasimha Thadakamalla

director · Since 29/06/2023

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 2 other boards

Mr Bharath Vasa

director · Since 29/06/2023

DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 2 other boards

Persons with Significant Control

Mr Laxmi Narasimha Thadakamalla

25–50% shares
25–50% votes

British · England · Age 46

3, Prince William Drive, Reading, RG31 5WD

Notified 29/06/2023

Mr Bharath Vasa

25–50% shares
25–50% votes

British · England · Age 39

143, Horns Road, Ilford, IG6 1DF

Notified 29/06/2023

Charges1 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 26/01/2024Registered 26/01/2024

CompanyRankvs 55197+ SIC 41202 peers
22

Financial strength10th percentile among SIC peers · 3/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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55197Varahi Residence Limited
32
How is this score calculated?
Financial strength3/25 pts

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

Employees9/15 pts

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

Liquidity2/20 pts

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

Longevity3/15 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 30/06/2025

Net Worth

-£12k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£9k

Working capital

Current Assets

£9k

Current Liabilities

£165k

Fixed Assets

£144k

2avg. employees+2

Balance Sheet

Assets less current liabilities£153k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05-£22k
20240.02—

Derived from filed accounts. Not audited figures.