Veritech Systems Limited

Veritech Systems Ltd from Southampton UK: a small holding company with an active status, established fifteen years ago, employs thirty-eight people, and holds £2,386,519 in assets. It operates from a virtual address, managed by two directors and one owner. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of imports recorded as of July 7, 2019.

Veritech Systems Ltd’s core business lies within the security systems service activities industries. The company is a small one, meeting two of the three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than fifty employees. It's a holding company, and its registration address, though listed as Tagus House, Ocean Way, is likely virtual, given the presence of 542 companies registered at the same location.

Financially, the company’s performance shows some concerning trends. Current assets have decreased by 31%, dropping to £2,400,000, while net assets have also declined, falling 5.7% to £2,700,000. Bank borrowings have increased significantly by 49%, reaching £600,000, and cash reserves have fallen 44% to £70,000. Creditors have also decreased by 50%, suggesting improved debt management. The company’s small size allows for agility, but the decline in equity and cash reserves indicates potential financial pressures. With no auditor mentioned, the figures are unaudited.

The company’s ownership is held by Shine Midco1 Ltd, and the directors are Shukla Shagun and Oldridge Paul Robert. The company’s website is non-existent, so it’s unclear if it operates an e-commerce platform or focuses solely on business-to-business services. The irregular import activity suggests a fluctuating demand for electrical machinery and equipment, and the company's reliance on a virtual address raises questions about its operational infrastructure.

Registered in England/Wales under the registration number 07095234, with a registered address at SO14 3TJ, United Kingdom, Southampton, Hampshire, Tagus House, 9 Ocean Way.

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