Company Overview
Vydex Corporation Ltd is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Friday 25 November 1988, so this is a well established company. Vydex Corporation Ltd has been in business for 37 years and 4 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 May 2023.
Registered Address

6 Ynys Bridge Court, Gwaelod-Y-Garth, Cardiff, CF15 9SS
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Companies House Data
Company NameVYDEX CORPORATION LTD
Company Number02321440
Registered Office Address6 Ynys Bridge Court
 Gwaelod-Y-Garth
 CF15 9SS
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date25/11/1988
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2023
Accounts Last Made Up Date30/04/2021
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date23/12/2016
Returns Last Made Up Date25/11/2015
Directors & Members
Show Resigned
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 30-Apr-2021 30-Apr-2020 30-Apr-2019
Balance Sheet
Fixed Assets 4,811,942 4,786,238 3,619,630
Current Assets 1,473,003 1,351,420 1,201,389
Creditors Due Within One Year 1,541,241 2,745,005 1,798,536
Working Cap -68,238 -1,393,585 -597,147
Total Assets Less Current Liabilities 4,743,704 3,392,653 3,022,483
Long-term Liabilities 3,416,118 2,065,067 1,932,525
Net Assets 1,327,586 1,327,586 1,089,958
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,327,586 1,327,586 1,089,958
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2021 30-Apr-2020 30-Apr-2019
Tangible Fixed Assets - - -
Fixed Assets 76.6% 78.0% 75.1%
Stocks Inventory - - -
Debtors 5.0% 5.5% 7.3%
Cash Bank In Hand 0.4% 0.6% 0.6%
Current Assets 23.4% 22.0% 24.9%
Creditors Due Within One Year 24.5% 44.7% 37.3%
Net Current Assets Liabilities -1.1% -22.7% -12.4%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 21.1% 21.6% 22.6%
Capital Employed - - -
Total Assets Less Current Liabilities 75.5% 55.3% 62.7%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2021 30-Apr-2020 30-Apr-2019
Liquidity Ratio 1.0 0.5 0.7
Solvency Ratio 1.3 1.3 1.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 11
Mortgages Outstanding 7
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 30-Apr-2021 30-Apr-2020 30-Apr-2019
Assets 6,284,945 6,137,658 4,821,019
Debt 4,957,359 4,810,072 3,731,061
Net Assets/Debt 1,327,586 1,327,586 1,089,958
As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Satisfaction of charge 6 in full
Satisfaction of charge 023214400009 in full
Termination of appointment of Harry Melvyn John as a director on 14 February 2025
Satisfaction of charge 023214400010 in full
Liquidators' statement of receipts and payments to 17 May 2025
Liquidators' statement of receipts and payments to 17 May 2024
Registered office address changed from 2-6 Wroughton Place Ely Cardiff CF5 4AB Wales to 6 Ynys Bridge Court Gwaelod-Y-Garth Cardiff CF15 9SS on 30 May 2023
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Termination of appointment of Craig Coombs as a director on 21 February 2023
Previous accounting period extended from 30 April 2022 to 31 August 2022
Current accounting period extended from 30 April 2023 to 31 August 2023
Director's details changed for Mr Harry Melvyn John on 20 August 2022
Registered office address changed from Unit 2 Wroughton Place Business Estate Cardiff CF5 4AB to 2-6 Wroughton Place Ely Cardiff CF5 4AB on 5 September 2022
Termination of appointment of Nicholas Charles Gerrard as a director on 29 June 2022
Confirmation statement made on 26 April 2022 with updates
Registration of charge 023214400011, created on 17 December 2021
Termination of appointment of Helen Claire Phillips as a director on 25 November 2021
Confirmation statement made on 6 October 2021 with updates
Confirmation statement made on 20 July 2021 with updates
Termination of appointment of Ben O'keefe as a director on 30 January 2021
Confirmation statement made on 20 July 2020 with updates
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