Velocity Roads Group Limited
05282359
Some Concerns
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 25/04/2026
Due 09/05/2027
Industry
Officers
director · Since 01/07/2011
DIRECTOR
BRITISH · UNITED KINGDOM · Age 46
Also on 2 other boards
director · Since 01/07/2011
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 30 other boards
director · Since 26/07/2024
DIRECTOR
BRITISH · UNITED KINGDOM · Age 32
Also on 4 other boards
Persons with Significant Control
Susan Elizabeth Reece
British · United Kingdom · Age 65
Woodbine Street, Sunderland, SR1 2NL
Notified 06/12/2022
John Peter Reece
British · United Kingdom · Age 65
Woodbine Street, Sunderland, SR1 2NL
Notified 06/12/2022
Former PSCs
Reece Group Limited
Ceased 06/12/2022
Charges0 outstanding
DAVID HUGH JENNINGS AND ELIZEBETH ANN JENNINGS AND FRANCIS ANTHONY BRINSLEY VALENTINE
CompanyRankvs 90300+ SIC 70100 peers44
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
£1.9M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Net Current Assets
£15k
Working capital
Current Assets
—
Current Liabilities
£0
Fixed Assets
£3.2M
Debtors
£15k
Cost of Sales
£13.4M
Admin Expenses
£3.7M
Profit After Tax
-£139k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | — | +£371k |
| 2022 | 2.40 | — |
Derived from filed accounts. Not audited figures.