Velocity1 Limited
06240919
Healthy
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Previously known as
Compliance
Last accounts
31/01/2026
audit exemption subsidiary
Next accounts due
31/10/2027
Confirmation statement
Last: 04/07/2026
Due 18/07/2027
Industry
Officers
director · Since 17/07/2023
CHIEF FINANCIAL OFFICER
BRITISH · ENGLAND · Age 56
Also on 13 other boards
Former
corporate nominee secretary · Resigned 05/10/2007
corporate nominee director · Resigned 05/10/2007
director · Resigned 11/02/2010
director · Resigned 16/04/2010
director · Resigned 24/03/2011
director · Resigned 10/04/2011
secretary · Resigned 25/11/2011
director · Resigned 25/11/2011
director · Resigned 25/11/2011
director · Resigned 25/11/2011
director · Resigned 25/11/2011
director · Resigned 24/01/2020
director · Resigned 24/01/2020
director · Resigned 31/12/2020
director · Resigned 05/04/2021
director · Resigned 13/07/2022
secretary · Resigned 13/07/2022
director · Resigned 13/07/2022
director · Resigned 24/02/2023
Persons with Significant Control
Glide Student & Residential Limited
Alpha Tower, Suffolk Street Queensway, Birmingham, B1 1TT
Reg: 03188615 · Companies House · Private Limited Company
Notified 13/07/2022
Former PSCs
Kenneth Dean Peterson Jr.
Ceased 24/01/2020
Ql Management Holdings Limited
Ceased 13/07/2022
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
WELLS FARGO BANK, N.A., LONDON BRANCH (AS COMMON SECURITY AGENT)
WELLS FARGO BANK, N.A., LONDON BRANCH AS TRUSTEE FOR EACH OF THE SECURED PARTIES (AS DEFINED IN
WELLS FARGO BANK, N.A., LONDON BRANCH AS COMMON SECURITY TRUSTEE FOR THE COMMON SECURED PARTIES
Change History
Active
Private Limited Company
ALPHA TOWER
BIRMINGHAM
CompanyRankvs 125+ SIC 61900 peers78
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2022
Turnover
£2.0M
Annual revenue
Net Worth
£2.2M
Balance sheet strength
Cash
£8k
Cash in the bank
Profit Before Tax
£2.4M
Bottom line earnings
Net Current Assets
£2.1M
Working capital
Current Assets
£2.5M
Current Liabilities
£380k
Fixed Assets
£193k
Debtors
£2.5M
Cost of Sales
£977k
Gross Profit
£1.0M
Admin Expenses
£1.5M
Operating Profit
£2.4M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 6.49 | +£2.4M |
| 2021 | 0.90 | — |
Derived from filed accounts. Not audited figures.