Velocity Uk Limited
03400231
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 08/07/2026
Due 22/07/2027
Industry
Officers
director · Since 01/07/2011
DIRECTOR
BRITISH · UNITED KINGDOM · Age 46
Also on 2 other boards
director · Since 06/12/2022
DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 5 other boards
director · Since 26/07/2024
DIRECTOR
BRITISH · UNITED KINGDOM · Age 33
Also on 4 other boards
Former
corporate nominee director · Resigned 08/07/1997
corporate nominee secretary · Resigned 08/07/1997
secretary · Resigned 01/01/2003
secretary · Resigned 28/04/2004
director · Resigned 11/12/2006
director · Resigned 01/07/2011
director · Resigned 01/07/2011
director · Resigned 01/07/2011
secretary · Resigned 01/07/2011
director · Resigned 07/07/2011
director · Resigned 02/05/2012
secretary · Resigned 02/05/2012
director · Resigned 28/02/2017
director · Resigned 28/03/2017
director · Resigned 25/09/2019
director · Resigned 06/12/2022
Persons with Significant Control
Velocity Roads Group Limited
Woodbine Street, Sunderland, SR1 2NL
Reg: 05282359 · Companies House · Limited By Shares
Notified 06/04/2016
Charges1 outstanding
HSBC UK BANK PLC
Change History
Active
Private Limited Company
WOODBINE STREET
SUNDERLAND
CompanyRankvs 15+ SIC 28923 peers68
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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
Key FinancialsYear ending 31/12/2024
Net Worth
£2.0M
Balance sheet strength
Cash
£785k
Cash in the bank
Profit Before Tax
£352k
Bottom line earnings
Net Current Assets
£3.8M
Working capital
Current Assets
£4.8M
Current Liabilities
£957k
Fixed Assets
£2.5M
Debtors
£1.6M
Cost of Sales
£8.6M
Admin Expenses
£3.0M
Profit After Tax
£235k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.02 | +£235k |
| 2023 | 2.35 | — |
Derived from filed accounts. Not audited figures.