{"name":"VERTO CONSTRUCTION LTD","company_number":"08180336","status":"Active","type":"Private Limited Company","incorporated":"2012-08-15","dissolved":null,"registered_office":"Whyfield Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, England, TR4 9LF","postcode":"TR4 9LF","sic_codes":[{"code":41100,"description":"Development of building projects"},{"code":41201,"description":"Construction of commercial buildings"},{"code":41202,"description":"Construction of domestic buildings"}],"principal_activity":null,"previous_names":[{"name":"VERTO GROUP DEVELOPMENTS LIMITED","changed_on":"2015-01-09"},{"name":"VERTO GROUP CONSTRUCTION LTD","changed_on":"2012-09-05"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":19,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","net_assets":2686990,"cash":8204,"average_employees":19},{"financial_date":"2023-06-30","net_assets":2556395,"cash":33462,"average_employees":28},{"financial_date":"2022-06-30","net_assets":2415259,"cash":72989},{"financial_date":"2021-06-30","net_assets":240468,"cash":4077},{"financial_date":"2020-06-30","net_assets":-91759,"cash":40352}],"officers":{"current":2,"resigned":5,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/verto-construction","people":"https://www.companiesintheuk.co.uk/company/verto-construction/people","filing_history":"https://www.companiesintheuk.co.uk/company/verto-construction/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08180336","financials":"https://www.companiesintheuk.co.uk/company/verto-construction/financial","control":"https://www.companiesintheuk.co.uk/company/verto-construction/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/verto-construction/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/verto-construction"}