Velociti Solutions Limited
02091108
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/06/2024
CHIEF EXECUTIVE OFFICER
BRITISH · UNITED KINGDOM · Age 54
Also on 11 other boards
Persons with Significant Control
Velociti Bus Solutions Limited
20, Harris Business Park, Hanbury Road, Bromsgrove, B60 4BD
Reg: 09784301 · England And Wales · Limited Company
Notified 06/04/2016
Charges1 outstanding
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CompanyRankvs 1909+ SIC 62012 peers62
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
£6.0M
Annual revenue
Net Worth
£3.2M
Balance sheet strength
Cash
£329k
Cash in the bank
Profit Before Tax
-£141k
Bottom line earnings
Net Current Assets
£2.3M
Working capital
Current Assets
£10.5M
Current Liabilities
£8.2M
Fixed Assets
£886k
Debtors
£10.2M
Cost of Sales
£435k
Gross Profit
£5.6M
Admin Expenses
£5.7M
Operating Profit
-£137k
Profit After Tax
-£170k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.28 | -£970k |
| 2023 | 1.53 | — |
| 2022 | 1.61 | — |
| 2021 | 1.89 | — |
| 2020 | 2.46 | — |
| 2019 | 2.50 | — |
| 2018 | 2.45 | — |
| 2017 | 2.16 | — |
Derived from filed accounts. Not audited figures.