VERTO CONSTRUCTION LTD
Company number 08180336 · Monitor this company
Executive summary
Verto Construction Ltd has achieved a significant turnaround from deeply insolvent positions in 2018-2019 to positive net assets of £2.69M by 2024, demonstrating meaningful deleveraging. However, the balance sheet structure presents material credit concerns: intangible assets constitute 67.5% of total assets with questionable realisability, cash has fallen to a critically low £8,204, and working capital headroom is negligible with a current ratio of just 1.03:1. Credit facilities should only be extended with group guarantees from Verto Homes Ltd, appropriate security over tangible assets, and enhanced monitoring including quarterly management accounts and cash flow forecasts.
Shareholders' funds
£2,686,990
Balance sheet as at 2024-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2012-08-15
- Employees
- 19 (2024 accounts · was 28 in 2023)
- Registered office
- Whyfield Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, England, TR4 9LF
- Postcode
- TR4 9LF
- Capital
- 200,000 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-04
- Next due by
- 2027-07-18
Nature of business (SIC)
- 41100 Development of building projects
- 41201 Construction of commercial buildings
- 41202 Construction of domestic buildings
Officers 2 current · 5 resigned
Previous company names
| Name | Date changed |
|---|---|
| VERTO GROUP DEVELOPMENTS LIMITED | 2015-01-09 |
| VERTO GROUP CONSTRUCTION LTD | 2012-09-05 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 2 TOWAN HEIGHTS, ST GEORGES ROAD, NEWQUAY, CORNWALL, TR7 1RD | 2015-12-23 |
| 44 EAST STREET, NEWQUAY, CORNWALL, TR7 1BE, ENGLAND | 2015-04-30 |
| 42 EAST STREET EAST STREET, NEWQUAY, CORNWALL, TR7 1BE, ENGLAND | 2015-01-08 |
| 20 HANOVER SQUARE, LONDON, W1S 1JY | 2014-10-03 |
| 58 BROADWICK STREET, LONDON, W1F 7AL, ENGLAND | 2013-08-05 |
Among its peers
Top 5%
by shareholders' funds, of 448 similar companies in TR
Among the biggest employers among its local peers (19 staff).
Among the oldest 25% of its local peers, trading since 2012.
No.6 of the largest development of building projects companies in Truro →
Competitors Truro
This company ranks 6 among development of building projects in Truro.
The class of 2012
36%
of the 5,152 companies in this sector incorporated in 2012 are still active today; 60% have since been dissolved.
A fact about the year, not a forecast for this company.
Businesses that transport or deal in waste must register with the Environment Agency. You can check this company on the official register of waste carriers, brokers and dealers.