Company Overview
Veritas Education Recruitment Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 23 April 2015, so this is a well established company. Veritas Education Recruitment Ltd has been in business for 10 years and 11 months. The accounts status is total exemption full and the accounts are next due on Friday 29 May 2026.
Registered Address

7Th Floor 70 Gracechurch Street, London, EC3V 0HR
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Companies House Data
Company NameVERITAS EDUCATION RECRUITMENT LTD
Company Number09557497
Registered Office Address7th Floor 70 Gracechurch Street
 EC3V 0HR
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date23/04/2015
Accounting Reference Date Day29
Accounting Reference Date Month8
Accounts Next Due Date29/05/2026
Accounts Last Made Up Date31/08/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date21/05/2017
Returns Last Made Up Date23/04/2016
Directors & Members
Show Resigned
Feyisayo Ogunboye - Director
(British, 57 years old, born July 1969)
Appointed 18 April 2017
 Active
Philip Poole - Director
(British, 54 years old, born July 1972)
Appointed 18 May 2015
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Feyisayo Ogunboye
ACTION FIRST IPEOPLE LIMITED
CHASE NEWINGTON LIMITED
NEW VINE ASSOCIATES LIMITED
NEW VINE CONSULTING LIMITED
NEW VINE PROPERTIES LTD
Philip Poole
THE SYNERGY GROUP LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Aug-2024 31-Jul-2021 31-Jul-2020
Balance Sheet
Fixed Assets 315,520 315,520 212,403
Current Assets 679,721 679,721 608,007
Creditors Due Within One Year 1,275,129 1,275,129 1,233,302
Working Cap -595,408 -595,408 -625,295
Total Assets Less Current Liabilities -279,888 -279,888 -412,892
Long-term Liabilities 188,749 188,749 222,422
Net Assets -468,637 -468,637 -635,314
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -468,637 -468,637 -635,314
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Jul-2021 31-Jul-2020
Tangible Fixed Assets - - -
Fixed Assets 31.7% 31.7% 25.9%
Stocks Inventory - - -
Debtors 63.8% 63.8% 67.2%
Cash Bank In Hand 4.5% 4.5% 7.0%
Current Assets 68.3% 68.3% 74.1%
Creditors Due Within One Year 128.1% 128.1% 150.3%
Net Current Assets Liabilities -59.8% -59.8% -76.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -47.1% -47.1% -77.4%
Capital Employed - - -
Total Assets Less Current Liabilities -28.1% -28.1% -50.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Jul-2021 31-Jul-2020
Liquidity Ratio 0.5 0.5 0.5
Solvency Ratio 0.7 0.7 0.6
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2024 31-Jul-2021 31-Jul-2020
Assets 995,241 995,241 820,410
Debt 1,463,878 1,463,878 1,455,724
Net Assets/Debt -468,637 -468,637 -635,314

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 11 May 2025 with no updates
Director's details changed for Mr Feyisayo Olatunwa Ogunboye on 11 May 2025
Director's details changed for Mr Philip Poole on 11 May 2025
Registered office address changed from The Leadenhall Building Leadenhall Street London EC3V 4AB England to 7th Floor 70 Gracechurch Street London EC3V 0HR on 4 April 2025
Current accounting period shortened from 30 August 2023 to 29 August 2023
Confirmation statement made on 11 May 2024 with updates
Current accounting period shortened from 31 August 2022 to 30 August 2022
Confirmation statement made on 11 May 2023 with updates
Previous accounting period extended from 31 July 2022 to 31 August 2022
Confirmation statement made on 11 May 2022 with updates
Cessation of Philip Poole as a person with significant control on 21 September 2021
Notification of Veritas Education Group Holdings Ltd as a person with significant control on 21 September 2021
Resolutions
Change of share class name or designation
Sub-division of shares on 21 September 2021
Confirmation statement made on 11 May 2021 with updates
Director's details changed for Mr Feyisayo Olatunwa Ogunboye on 8 April 2021
Director's details changed for Mr Philip Poole on 8 April 2021
Registered office address changed from 27 Clement's Lane London EC4N 7AE England to The Leadenhall Building Leadenhall Street London EC3V 4AB on 8 April 2021
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