Velnet Uk Limited
05752267
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/06/2011
WEB DEVELOPER
BRITISH · ENGLAND · Age 65
Also on 1 other board
Persons with Significant Control
Mr Temitope Odurinde
British · United Kingdom · Age 65
Suite Ra01, Suite Ra01, London, E17 3NU
Notified 25/02/2017
CompanyRankvs 45559+ SIC 62090 peers35
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
-£48k
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£60k
Working capital
Current Assets
£2k
Current Liabilities
£62k
Fixed Assets
£17k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.03 | -£92k |
| 2024 | 0.08 | -£4k |
| 2023 | 0.08 | +£3k |
| 2022 | 0.06 | +£14k |
| 2021 | 0.24 | +£2k |
| 2020 | 0.02 | +£959 |
| 2019 | 0.03 | +£3k |
| 2018 | 0.03 | — |
Derived from filed accounts. Not audited figures.