Veraco Ltd

Veraco Ltd, based in London, UK, is a small, active company founded four years ago. With just two employees and £17,204 in assets, it’s a solo founder operation led by a single director and owner. The company operates from a real address and has a somewhat unusual business model, importing machinery, boilers, and mechanical appliances for a short period (one month) and exporting plastics and plastic products for a similar timeframe.

Veraco’s website reveals a focus on innovation in healthcare, specifically offering the HyGe Smart Dispenser—a greener, cheaper alternative to single-use plastic wipes. The site also showcases antimicrobial smart surfaces, highlighting clinical evaluations, case studies, and client testimonials. Clients like Macmillan and Wincanton praise Veraco's products for infection control and peace of mind, while a dental hygienist won a Business Innovation Award for its use. The company’s website also mentions a partnership with Growing Kent and Medway, a UKRI-backed innovation incubator.

Financially, Veraco Ltd’s recent performance presents a mixed picture. Cash bank on hand has plummeted by a staggering 220%, now sitting at -£20,000. Creditors have also decreased significantly, falling 27% to £72,000. However, trade debtors have also dropped considerably, down 75% to £11,000. The company’s net assets have taken a severe hit, falling 360% to -£31,000. Loans from directors, however, have increased by 41%, reaching £69,000. 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 remain flexible, but the sharp decline in equity is a cause for concern. The accounts are unaudited and have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Registered in England/Wales under the registration number 12918660, with a registered address at SE1 3ER, England, London, Lm08.102 Leathermarket, 11/13 Weston Street.

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