Company Overview
Veritech Systems Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 04 December 2009, so this is a well established company. Veritech Systems Limited has been in business for 16 years and 3 months. The accounts status is total exemption full and the accounts are next due on Saturday 31 October 2026.
Registered Address

Tagus House, 9 Ocean Way, Southampton, Hampshire, SO14 3TJ
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Companies House Data
Company NameVERITECH SYSTEMS LIMITED
Company Number07095234
Registered Office AddressTagus House
 9 Ocean Way
 SO14 3TJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/12/2009
Accounting Reference Date Day31
Accounting Reference Date Month1
Accounts Next Due Date31/10/2026
Accounts Last Made Up Date31/01/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date04/01/2017
Returns Last Made Up Date07/12/2015
Directors & Members
Show Resigned
Paul Oldridge - Director
(British, 55 years old, born August 1971)
Appointed 04 December 2009
 Active
Shagun Shukla - Director
(Indian, 34 years old, born September 1992)
Appointed 15 December 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Paul Oldridge
IT'S YOUR CHOICE LTD
VERITECH FIRE SAFETY LIMITED
VERITECH SECURITY LIMITED
Shagun Shukla
DIVA CARE LIMITED
SBE GROUP HOLDINGS LIMITED
SHINE MIDCO1 LIMITED
SHINE TOPCO LIMITED
SHINECO LIMITED
VERITECH FIRE SAFETY LIMITED
VERITECH SECURITY LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Balance Sheet
Fixed Assets 1,727,386 1,727,386 1,024,081
Current Assets 2,576,377 2,576,377 1,788,460
Creditors Due Within One Year 1,272,414 1,272,414 1,139,936
Working Cap 1,303,963 1,303,963 648,524
Total Assets Less Current Liabilities 3,031,349 3,031,349 1,672,605
Long-term Liabilities 2,509,978 2,509,978 1,672,605
Net Assets 521,371 521,371 0
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 521,371 521,371 0
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Tangible Fixed Assets - - -
Fixed Assets 40.1% 40.1% 36.4%
Stocks Inventory - - -
Debtors 50.9% 50.9% 52.7%
Cash Bank In Hand 4.3% 4.3% 5.1%
Current Assets 59.9% 59.9% 63.6%
Creditors Due Within One Year 29.6% 29.6% 40.5%
Net Current Assets Liabilities 30.3% 30.3% 23.1%
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 12.1% 12.1% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 70.4% 70.4% 59.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Liquidity Ratio 2.0 2.0 1.6
Solvency Ratio 1.1 1.1 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Assets 4,303,763 4,303,763 2,812,541
Debt 3,782,392 3,782,392 2,812,541
Net Assets/Debt 521,371 521,371 0

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.   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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 070952340008 in full
Registration of charge 070952340008, created on 24 March 2026
Confirmation statement made on 1 January 2026 with no updates
Confirmation statement made on 1 January 2025 with no updates
Confirmation statement made on 1 January 2024 with no updates
Confirmation statement made on 31 January 2023 with updates
Appointment of Ms Shagun Shukla as a director on 15 December 2022
Termination of appointment of Vishual Luhana as a director on 15 December 2022
Cessation of Paul Leslie Walls as a person with significant control on 15 December 2022
Cessation of Paul Oldridge as a person with significant control on 15 December 2022
Notification of Shine Midco1 Limited as a person with significant control on 15 December 2022
Appointment of Mr Vishual Luhana as a director on 15 December 2022
Termination of appointment of Stuart Martin Wright as a director on 15 December 2022
Registration of charge 070952340007, created on 15 December 2022
Confirmation statement made on 1 October 2022 with no updates
Registered office address changed from 12-14 Carlton Place Southampton Hampshire SO15 2EA England to Tagus House 9 Ocean Way Southampton Hampshire SO14 3TJ on 11 August 2022
Confirmation statement made on 1 October 2021 with no updates
Confirmation statement made on 1 October 2020 with updates
Statement of capital following an allotment of shares on 16 September 2020
Change of share class name or designation
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