Virtus Security Ltd

Virtus Security Ltd, based in Sidcup, UK, is a small, active company founded twelve years ago in 2013. With thirteen employees and £491,066 in assets, it operates from a virtual address – a fact highlighted by the presence of 289 other companies registered at the same location. The company is led by two directors, including solo founder Sackey Louis Alexander, and holds a stellar 5.0 Google rating based on three reviews. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded two months ago in 2019.

The company’s website showcases a range of security services, including access control systems, CCTV installation, and fire alarm systems, catering to corporate, education, and healthcare sectors. It appears to operate as a security systems installer, providing electronic security and low voltage services across London and Kent. Case studies highlight projects for clients like Arcapita (The Shard) and Moorfields Eye Hospital, emphasizing integrated system solutions and bespoke security designs. The website suggests a focus on commercial security, school security, and NHS and healthcare clients, with a strong emphasis on understanding client requirements and delivering scalable solutions.

Financially, Virtus Security Ltd shows a concerning trend. Current assets have plummeted by 43%, dropping to £490,000, while net assets have also declined by 18%, settling at £320,000. Bank cash reserves have taken a significant hit, decreasing by 53% to £260,000. Trade debtors have fallen by 41%, indicating potential difficulties in collecting payments. Creditors, however, have seen a dramatic decrease of 73%, which could reflect improved 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) allows for flexibility, but the sharp decline in assets and cash reserves raises questions about its financial health. No auditor is mentioned, likely due to its small size and exemption from an audit. It seems like the company is burning through money.

Registered in England/Wales under the registration number 08358259, with a registered address at DA14 4DT, England, Sidcup, Kent, 12 Hatherley Road.

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