Varis Developments Limited

Varis Developments Ltd, based in Borehamwood, UK, is a small, active company founded nine years ago. With two employees and £1,074,603 in assets, it operates from a virtual address – a fact highlighted by the presence of fifty-six other companies registered at the same location. The company is led by two directors and has one owner, who is also the solo founder. It's a regular importer, specializing in furniture, lighting, and prefabricated buildings, with three months of import activity recorded, the last in 2020.

The company's website showcases a focus on real estate development and investment, with projects spanning Europe, the US, Asia, and more. It highlights a portfolio of properties, including Varis Court, Avenir Heights, Varis Suites, and Varis Studios, and emphasizes a commitment to regeneration and acquiring land for redevelopment. The company also boasts partner offices in several international locations, suggesting a broader scope of operations. It's a company specializing in real estate development and investment, Varis realizes major urban projects in Europe, US Asia.

Financially, Varis Developments Ltd presents a mixed picture. Current assets have decreased by 6.8% to £1,100,000, while net assets remained stagnant at £-1,000,000. Bank borrowings have increased, and cash reserves have also decreased. Creditors have also decreased, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the stagnant equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s net loss for the year was -£100,000.

Registered in England/Wales under the registration number 09722424, with a registered address at WD6 2FX, England, Borehamwood, Spitalfields House 1st Floor, Stirling Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.