VORTEX IOT LIMITED Credit Check Report

Company Overview

Vortex Iot Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 09 October 2017, so this is a well established company. Vortex Iot Limited has been in business for 8 years and 6 months. The accounts status is audit exemption subsidiary and the accounts are next due on Saturday 28 February 2026.

Registered Address

Suite 5 Metal Box, Milland Road Industrial Estate, Neath, SA11 1NJ

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Companies House Data

Company Name	VORTEX IOT LIMITED
Company Number	11001894
Registered Office Address	Suite 5 Metal Box
	Milland Road Industrial Estate
	SA11 1NJ
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	09/10/2017
Accounting Reference Date Day	31
Accounting Reference Date Month	5
Accounts Next Due Date	28/02/2027
Accounts Last Made Up Date	31/05/2025
Accounts Account Category	AUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date	06/11/2018

Previous Company Name	Changed Date
GLIMPSEPLUS LIMITED	27 Oct 2017

Directors & Members

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	Richard Anderson - Director (British, 59 years old, born June 1967) Appointed 22 December 2021, Resigned 31 May 2022	Resigned
	Nicholas Beckett - Director (British, 58 years old, born February 1968) Appointed 09 October 2017, Resigned 01 January 2020	Resigned
	Stephen Callaghan - Director (British, 66 years old, born December 1960) Appointed 31 May 2022, Resigned 04 August 2023	Resigned
	Michael Corcoran - Director (British, 67 years old, born October 1959) Appointed 06 April 2022, Resigned 15 September 2023	Resigned
	Alexander Dyce - Director (British, 75 years old, born June 1951) Appointed 14 February 2018, Resigned 22 December 2021	Resigned
	Behzad Heravi - Director (British, 50 years old, born July 1976) Appointed 14 February 2018, Resigned 22 December 2021	Resigned
	Martin Johnson - Director (British, 53 years old, born May 1973) Appointed 04 August 2023	Active
	Justin Mullen - Director (British, 56 years old, born July 1970) Appointed 22 October 2018, Resigned 22 December 2021	Resigned
	David Seaton - Director (British, 66 years old, born November 1960) Appointed 14 February 2018, Resigned 22 December 2021	Resigned
	David Sinclair - Director (British, 48 years old, born August 1978) Appointed 15 September 2023, Resigned 24 December 2025	Resigned
	Adrian Sutton - Director (British, 54 years old, born November 1972) Appointed 14 February 2018, Resigned 22 December 2021	Resigned
	Michael Watson - Director (British, 63 years old, born March 1963) Appointed 22 December 2021, Resigned 06 April 2022	Resigned

Secretaries

No Secretaries Appointed

Other Company Directorships

Balance Sheet

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Accounts Date	31-May-2025	31-Mar-2021	31-Mar-2020
Balance Sheet
Fixed Assets	1,317,468	1,317,468	907,673
Current Assets	1,178,693	1,178,693	583,056
Creditors Due Within One Year	853,186	853,186	264,604
Working Cap	325,507	325,507	318,452
Total Assets Less Current Liabilities	1,642,975	1,642,975	1,226,125
Long-term Liabilities	415,000	415,000	227,714
Net Assets	1,227,975	1,227,975	998,411
Share Capital & Reserves
Share Cap	-	-	-
Profit & Loss Reserves	-	-	-
Other Reserves	-	-	-
Shareholders Funds	1,227,975	1,227,975	998,411

Common Size Financial Analysis

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Accounts Date	31-May-2025	31-Mar-2021	31-Mar-2020
Tangible Fixed Assets	-	-	-
Fixed Assets	52.8%	52.8%	60.9%
Stocks Inventory	-	-	-
Debtors	27.4%	27.4%	26.6%
Cash Bank In Hand	19.2%	19.2%	9.8%
Current Assets	47.2%	47.2%	39.1%
Creditors Due Within One Year	34.2%	34.2%	17.7%
Net Current Assets Liabilities	13.0%	13.0%	21.4%
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	49.2%	49.2%	67.0%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	65.8%	65.8%	82.3%

Financial Ratio Analysis

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Accounts Date	31-May-2025	31-Mar-2021	31-Mar-2020
Liquidity Ratio	1.4	1.4	2.2
Solvency Ratio	2.0	2.0	3.0
Reserves to Assets	-	-	-

Secured Creditors

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Mortgages Charges	3
Mortgages Outstanding	2
Mortgages Part Satisfied	0
Mortgages Satisfied	1

Assets and Debt Analysis

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Accounts Date	31-May-2025	31-Mar-2021	31-Mar-2020
Assets	2,496,161	2,496,161	1,490,729
Debt	1,268,186	1,268,186	492,318
Net Assets/Debt	1,227,975	1,227,975	998,411

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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 current section of the balance sheet has positive working capital. We would normally consider 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 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 current section of the balance sheet has positive working capital. We would normally consider 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 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 current section of the balance sheet has positive working capital. We would normally consider 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 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

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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

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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

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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

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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

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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)

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

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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

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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

Other Business around SA11 1NJ

	CLJ ACCOUNTANCY SERVICES LIMITED 4 Derwen Fawr, Cilfrew, Neath, SA11 1NJ
	LEXTAN ABERDARE LIMITED Unit 19 Milland Road Industrial Estate, Neath, West Glamorgan, SA11 1NJ
	C.I.S (CONTRACT PACKAGING) LIMITED 71-75 SHELTON STREET, COVENT GARDEN, LONDON, SA11 1NJ
	POLYBLOX LIMITED RED JACKET WORKS, MILLAND ROAD, NEATH, WEST GLAMORGAN, SA11 1NJ
	MSS WATER LIMITED SPRING LODGE 172 CHESTER ROAD, HELSBY, CHESHIRE, SA11 1NJ
	BETHANY LANE MANAGEMENT COMPANY LIMITED 4 LONGFIELDS, BETHANY LANE, WEST CROSS, SWANSEA, SA11 1NJ
	7 STEEL SERVICE (UK) LIMITED Building 58 East Moors Road, Cardiff, SA11 1NJ
	KIDZ COTTAGE LIMITED Kirks, Rural Enterprise Centre Vincent Carey Road, Rotherwas Industrial Estate, Hereford, SA11 1NJ
	NAISSANCE NATURAL INGREDIENTS LIMITED UNIT 9, MILLAND ROAD INDUSTRIAL ESTATE, NEATH, WEST GLAMORGAN, SA11 1NJ
	NEATH COACH TRAVEL LTD NUBERIAN WORKS, MILLAND ROAD INDUSTRIAL ESTATE, NEATH, SA11 1NJ

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