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Velden Engineering (U.K.) Ltd

01556804

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

COLUMBIA MILL, BOLTON, BL1 4BA
Incorporated 16/04/1981

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 30/09/2025

Due 14/10/2026

On track

Industry

25620
Machining

Officers

Mr Alexander Kitchen

director · Since 08/08/1991

CHAIRMAN

BRITISH · ENGLAND · Age 75

Also on 1 other board

Julie Kitchen

director · Since 08/08/1991

DIRECTOR

BRITISH · Age 74

Also on 3 other boards

Alison Michelle Gordon

secretary · Since 30/09/2003

COMPANY SECRETARY

BRITISH · Age 53

Miss Amy Nicol Kitchen

director · Since 05/06/2024

DIRECTOR

BRITISH · ENGLAND · Age 30

Persons with Significant Control

Mr Alexander Kitchen

25–50% shares
25–50% votes

British · England · Age 75

102 Chapeltown Road, Bolton, BL7 9AW

Notified 06/04/2016

Former PSCs

Mr Austin Lee Kitchen

Ceased 13/11/2019

Charges2 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 07/06/2024Registered 17/06/2024
Charge
satisfied

MJF SSAS TRUSTEES LIMITED · AUSTIN KITCHEN · JULIE KITCHEN · ALEXANDER KITCHEN

Created 01/02/2016Registered 10/02/2016Satisfied 12/05/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/07/2013Registered 24/07/2013
charge
satisfied

ALEXANDER KITCHEN JULIE KITCHEN AUSTIN KITCHEN AND MJF SSAS TRUSTEES LIMITED

Created 26/05/2010Registered 10/06/2010Satisfied 01/07/2019
charge
satisfied

VELDEN ENGINEERING SELF ADMINISTERED PENSION FUND

Created 16/09/2009Registered 17/09/2009Satisfied 11/07/2019
charge
satisfied

DAVENHAM TRUST PLC

Created 24/05/2001Registered 26/05/2001Satisfied 18/06/2004
charge
satisfied

THE BOROUGH COUNCIL OF BOLTON

Created 09/02/1999Registered 10/02/1999Satisfied 07/03/2012
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 04/12/1996Registered 10/12/1996Satisfied 07/03/2012
charge
satisfied

BRITISH COAL ENTERPRISE LIMITED

Created 07/07/1992Registered 15/07/1992Satisfied 29/01/1997
charge
satisfied

BRITISH COAL ENTERPRISE LIMITED

Created 02/04/1990Registered 05/04/1990Satisfied 18/03/1996
charge
satisfied

BRITISH COAL ENTERPRISE LIMITED

Created 16/10/1987Registered 21/10/1987Satisfied 18/03/1996
charge
satisfied

BARCLAYS BANK PLC

Created 08/11/1983Registered 17/11/1983Satisfied 29/01/1997
charge
satisfied

WILLIAMS & GLYNS BANK PLC

Created 02/11/1982Registered 06/11/1982

CompanyRankvs 2810+ SIC 25620 peers
65

Financial strength96th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.66× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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281Velden Engineering (U.K.) Ltd
81
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£7.6M

Annual revenue

Net Worth

£3.8M

Balance sheet strength

Cash

£15k

Cash in the bank

Profit Before Tax

£114k

Bottom line earnings

Net Current Assets

£917k

Working capital

Current Assets

£2.3M

Current Liabilities

£1.4M

Fixed Assets

£4.9M

Debtors

£1.4M

Cost of Sales

£5.3M

Gross Profit

£2.3M

Admin Expenses

£2.2M

Operating Profit

£190k

Profit After Tax

£22k

67avg. employees

Tax at Year End

Corp tax£158k
Dividends paid£121k

People Costs

Wages & salaries£2.3M
NI contributions£233k

Balance Sheet

Assets less current liabilities£5.8M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent Ratio
20241.66

Derived from filed accounts. Not audited figures.