Vidab Limited

Vidab Limited is a small, active company based in Nottingham, UK, founded five years ago in 2019. With just one employee and £4,870 in assets, it’s a family-run business led by a single director and two owners. The company operates from a real address and has a real presence in the community. It’s a bit irregular, importing organic chemicals for just one month, with the last import operation occurring in 2022.

The company’s website, Vida Homeloans, focuses on specialist mortgages, targeting individuals and businesses who don't fit the traditional lending model. It positions itself as a partner for intermediaries, helping more people find a place to call home. The site clearly caters to a B2B audience, with separate sections for intermediaries and customers, and a call to action to get in touch. It’s a professional-looking site, suggesting a focus on building trust and expertise in a complex area.

Financially, Vidab Limited is showing some concerning trends. Current assets have fallen by a significant 31%, dropping to £4,900, while net assets have plummeted 49%, reaching -£5,900. Cash reserves have also taken a hit, decreasing by 85%, leaving just £190. Creditors have also decreased slightly, but the overall picture suggests the company is struggling to maintain its financial health. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s nimble, but the sharp decline in equity is a red flag. There’s no auditor mentioned, likely due to its small size, so the figures are unaudited.

While the mortgage brokerage side appears to be operating, the financials suggest it’s burning through money. Whether this is a temporary setback or a longer-term issue remains to be seen—but for now, Vidab Limited needs to find a way to stabilize its finances.

Registered in England/Wales under the registration number 12206387, with a registered address at NG12 4BE, United Kingdom, Nottingham, 30 Green Acre, Edwalton.

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