Company Overview
Virtual It Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 16 July 2001, so this is a well established company. Virtual It Limited has been in business for 24 years and 8 months. The accounts status is full and the accounts are next due on Tuesday 30 June 2026.
Registered Address

Omni House, 252 Belsize Road, London, NW6 4BT
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Companies House Data
Company NameVIRTUAL IT LIMITED
Company Number04252845
Registered Office AddressOmni House
 252 Belsize Road
 NW6 4BT
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/07/2001
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2026
Accounts Last Made Up Date30/09/2024
Accounts Account CategoryFULL
Returns Next Due Date13/08/2016
Returns Last Made Up Date16/07/2015
Directors & Members
Show Resigned
David Somen - Director
(British, 61 years old, born July 1965)
Appointed 16 July 2001
Active
Jonathan Somen - Director
(Kenyan, 57 years old, born June 1969)
Appointed 17 September 2002
Active
Liam Strong - Director
(British, 81 years old, born January 1945)
Appointed 17 September 2002
Active
Paul Tiller - Director
(British, 82 years old, born November 1944)
Appointed 17 September 2002
Active
Secretaries
Show Resigned
David Somen - Secretary
(British)
Appointed 06 February 2004
Active
Balance Sheet Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2014 30-Sep-2013
Balance Sheet
Fixed Assets 449,601 449,601 551,894
Current Assets 1,311,304 1,311,304 1,661,967
Creditors Due Within One Year 897,279 897,279 1,102,754
Working Cap 414,025 414,025 559,213
Total Assets Less Current Liabilities 863,626 863,626 1,111,107
Long-term Liabilities 51,042 51,042 149,114
Net Assets 812,584 812,584 961,993
Share Capital & Reserves
Share Cap 14,404 14,404 14,404
Profit & Loss Reserves 628,630 628,630 778,039
Other Reserves 169,550 169,550 169,550
Shareholders Funds 812,584 812,584 961,993
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2014 30-Sep-2013
Tangible Fixed Assets - - -
Fixed Assets 25.5% 25.5% 24.9%
Stocks Inventory 2.8% 2.8% 2.0%
Debtors 13.0% 13.0% 6.7%
Cash Bank In Hand 58.7% 58.7% 66.4%
Current Assets 74.5% 74.5% 75.1%
Creditors Due Within One Year 51.0% 51.0% 49.8%
Net Current Assets Liabilities 23.5% 23.5% 25.3%
Creditors Due After One Year 2.9% 2.9% 6.7%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 46.1% 46.1% 43.5%
Called Up Share Capital 0.8% 0.8% 0.7%
Share Capital Allotted Called Up Paid 0.8% 0.8% 0.7%
Profit Loss Account Reserve 35.7% 35.7% 35.1%
Shareholder Funds 46.1% 46.1% 43.5%
Capital Employed - - -
Total Assets Less Current Liabilities 49.0% 49.0% 50.2%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2014 30-Sep-2013
Liquidity Ratio 1.5 1.5 1.5
Solvency Ratio 1.9 1.9 1.8
Reserves to Assets 0.4 0.4 0.4
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2024 30-Sep-2014 30-Sep-2013
Assets 1,760,905 1,760,905 2,213,861
Debt 948,321 948,321 1,251,868
Net Assets/Debt 812,584 812,584 961,993

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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
Confirmation statement made on 16 July 2025 with updates
Confirmation statement made on 16 July 2024 with updates
Confirmation statement made on 16 July 2023 with no updates
Registration of charge 042528450004, created on 21 December 2022
Confirmation statement made on 16 July 2022 with updates
Confirmation statement made on 16 July 2021 with no updates
Registered office address changed from The Lime House 12-15 Quadrant Business Centre 135 Salusbury Road London NW6 6RJ to Omni House 252 Belsize Road London NW6 4BT on 12 March 2021
Confirmation statement made on 16 July 2020 with no updates
Withdrawal of a person with significant control statement on 7 July 2020
Registration of charge 042528450003, created on 31 August 2019
Confirmation statement made on 16 July 2019 with updates
Confirmation statement made on 16 July 2018 with no updates
Notification of Jonathan Somen as a person with significant control on 6 April 2016
Statement of capital following an allotment of shares on 16 June 2017
Confirmation statement made on 16 July 2017 with updates

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