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Velocity Recruitment Limited

05969818

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

2 DEVIZES TRADE CENTRE, DEVIZES, SN10 2EH
Incorporated 17/10/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78109
Other activities of employment placement agencies
78200
Temporary employment agency activities

Officers

Mr David Jack George Bowman

director · Since 10/01/2007

RECRUITER

BRITISH · ENGLAND · Age 51

Also on 3 other boards

Mr Alexander James Morgan

director · Since 02/02/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 6 other boards

Mr Panayiotis Andreou

director · Since 11/11/2025

CYPRIOT · CYPRUS · Age 58

Persons with Significant Control

Recepta Ltd

75–100% shares

20, Chiswell Street, London, EC1Y 4TW

Reg: 9063737 · England And Wales · Private Limited Company

Notified 06/04/2016

Former PSCs

Mr David Jack George Bowman

Ceased 02/02/2024

Charges2 outstanding

Charge
satisfied

DAVID JACK GEORGE BOWMAN · ALISON HELEN BOWMAN

Created 02/08/2024Registered 19/08/2024Satisfied 24/02/2026
Charge
outstanding

LLOYDS BANK PLC

Created 21/03/2024Registered 25/03/2024
Charge
outstanding

LLOYDS BANK PLC

Created 21/03/2024Registered 25/03/2024
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 15/07/2020Registered 17/07/2020Satisfied 25/04/2024
charge
satisfied

SME INVOICE FINANCE LIMITED

Created 08/09/2010Registered 14/09/2010Satisfied 18/04/2024
charge
satisfied

CATTLES INVOICE FINANCE LIMITED

Created 12/03/2007Registered 16/03/2007Satisfied 03/09/2010

CompanyRankvs 1315+ SIC 78109 peers
69

Financial strength93th percentile among SIC peers · 23/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.48× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2023

Net Worth

£319k

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

£374k

Working capital

Current Assets

£1.2M

Current Liabilities

£787k

Fixed Assets

£3k

Debtors

£1.1M

13avg. employees-11

Tax at Year End(2022)

Dividends paid£135k

Balance Sheet

Assets less current liabilities£377k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20231.48+£19k
20221.42+£16k
20211.71+£6k
20202.50-£101k
20191.49-£89k
20181.70

Derived from filed accounts. Not audited figures.