Virasat Homes Ltd

Virasat Homes Ltd is a small, active company based in Birmingham, UK, founded three years ago in 2021. It’s a solo-founded operation with a real address, one director, and one owner. The company holds just £411 in assets and operates in the retail sale via mail order houses or via internet.

The company’s website, Virasat Homes, positions itself as a residential home builder in Victoria, Australia, trusted in the Melbourne, Ballarat, and surrounding regions. It offers a range of services, from single-storey house designs to knockdown rebuilds and multi-unit developments. The site emphasizes a stress-free experience, flexible design options, and a team of experienced consultants guiding customers through the process. They even have a “Knockdown Rebuild” section, which is a nice touch.

Financially, Virasat Homes Ltd presents a mixed picture. Current assets have increased significantly, jumping 630% to £410, but bank cash has plummeted 89%, leaving just £6. Creditors have risen by 74%, reaching £570, and trade debtors have ballooned to £400. Equity is still negative, at -£160, but an improvement from -£270 previously. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which helps with flexibility, but the sharp decline in cash reserves is concerning. No auditor is mentioned, which is typical for small companies.

Overall, Virasat Homes Ltd seems to be facing some financial headwinds. The company’s focus on residential home building in Australia appears solid, but managing cash flow will be key to its long-term success. It’s a bit of a puzzle, really, but hopefully, they can weather the storm.

Registered in England/Wales under the registration number 13492367, with a registered address at B24 9RJ, England, Birmingham, 19 Bromford Crescent.

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