veswas ltd
veswas ltd Company Information
Company Number
11009507
Website
veswas.comRegistered Address
vision house, 31 kenton park avenue, harrow, middlesex, HA3 8DS
Industry
Other construction installation
Telephone
442037946891
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
garfield george ogilvry swaby 33.3%
rahul velji parbat vekaria 33.3%
View Allveswas ltd Estimated Valuation
Pomanda estimates the enterprise value of VESWAS LTD at £369.6k based on a Turnover of £688.8k and 0.54x industry multiple (adjusted for size and gross margin).
veswas ltd Estimated Valuation
Pomanda estimates the enterprise value of VESWAS LTD at £0 based on an EBITDA of £-5.4k and a 5.04x industry multiple (adjusted for size and gross margin).
veswas ltd Estimated Valuation
Pomanda estimates the enterprise value of VESWAS LTD at £0 based on Net Assets of £-269.1k and 2.99x industry multiple (adjusted for liquidity).
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Veswas Ltd Overview
Veswas Ltd is a dissolved company that was located in harrow, HA3 8DS with a Companies House number of 11009507. It operated in the other construction installation sector, SIC Code 43290. Founded in October 2017, it's largest shareholder was garfield george ogilvry swaby with a 33.3% stake. The last turnover for Veswas Ltd was estimated at £688.8k.
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Veswas Ltd Health Check
Pomanda's financial health check has awarded Veswas Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £688.8k, make it in line with the average company (£718.5k)
- Veswas Ltd
£718.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.6%)
- Veswas Ltd
4.6% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (27.2%)
- Veswas Ltd
27.2% - Industry AVG
Profitability
an operating margin of -0.8% make it less profitable than the average company (5.7%)
- Veswas Ltd
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (5)
3 - Veswas Ltd
5 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has an equivalent pay structure (£39.3k)
- Veswas Ltd
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £229.6k, this is more efficient (£161.8k)
- Veswas Ltd
£161.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (58 days)
- Veswas Ltd
58 days - Industry AVG
Creditor Days
its suppliers are paid after 196 days, this is slower than average (41 days)
- Veswas Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Veswas Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (23 weeks)
0 weeks - Veswas Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38870%, this is a higher level of debt than the average (65.3%)
38870% - Veswas Ltd
65.3% - Industry AVG
VESWAS LTD financials
Veswas Ltd's latest turnover from January 2023 is estimated at £688.8 thousand and the company has net assets of -£269.1 thousand. According to their latest financial statements, Veswas Ltd has 3 employees and maintains cash reserves of £9 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 11 | 12 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 28,376 | 57,079 | 85,782 | 985 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 28,376 | 57,079 | 85,782 | 985 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 685 | 412 | 412 | 71,660 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 31,787 | 0 |
| Cash | 9 | 35,727 | 53,492 | 76,300 | 33,691 | 149,556 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 694 | 36,139 | 53,904 | 147,960 | 65,478 | 149,556 |
| total assets | 694 | 36,139 | 82,280 | 205,039 | 151,260 | 150,541 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 269,758 | 265,432 | 267,909 | 240,464 | 342,851 | 45,771 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 28,921 | 62,655 |
| total current liabilities | 269,758 | 265,432 | 267,909 | 240,464 | 371,772 | 108,426 |
| loans | 0 | 0 | 45,950 | 145,099 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 34,961 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 34,961 | 45,950 | 145,099 | 0 | 0 |
| total liabilities | 269,758 | 300,393 | 313,859 | 385,563 | 371,772 | 108,426 |
| net assets | -269,064 | -264,254 | -231,579 | -180,524 | -220,512 | 42,115 |
| total shareholders funds | -269,064 | -264,254 | -231,579 | -180,524 | -220,512 | 42,115 |
| Jan 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 28,376 | 28,703 | 28,703 | 28,703 | 328 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 273 | 0 | -71,248 | 39,873 | 31,787 | 0 |
| Creditors | 4,326 | -2,477 | 27,445 | -102,387 | 297,080 | 45,771 |
| Accruals and Deferred Income | 0 | 0 | 0 | -28,921 | -33,734 | 62,655 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -45,950 | -99,149 | 145,099 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -34,961 | 34,961 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -35,718 | -17,765 | -22,808 | 42,609 | -115,865 | 149,556 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -35,718 | -17,765 | -22,808 | 42,609 | -115,865 | 149,556 |
veswas ltd Credit Report and Business Information
Veswas Ltd Competitor Analysis
Perform a competitor analysis for veswas ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in HA3 area or any other competitors across 12 key performance metrics.
veswas ltd Ownership
VESWAS LTD group structure
Veswas Ltd has no subsidiary companies.
Ultimate parent company
VESWAS LTD
11009507
veswas ltd directors
Veswas Ltd currently has 3 directors. The longest serving directors include Mr Garfield Swaby (Oct 2017) and Mr Rahul Vekaria (Oct 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Garfield Swaby | England | 58 years | Oct 2017 | - | Director |
| Mr Rahul Vekaria | United Kingdom | 38 years | Oct 2017 | - | Director |
| Mr Depesh Vekria | England | 38 years | Oct 2017 | - | Director |
P&L
January 2023turnover
688.8k
-4%
operating profit
-5.4k
0%
gross margin
27.2%
+1.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-269.1k
+0.02%
total assets
694
-0.98%
cash
9
-1%
net assets
Total assets minus all liabilities
veswas ltd company details
company number
11009507
Type
Private limited with Share Capital
industry
43290 - Other construction installation
incorporation date
October 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
vision house, 31 kenton park avenue, harrow, middlesex, HA3 8DS
Bank
-
Legal Advisor
-
veswas ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to veswas ltd.
veswas ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
