Back to search

Velocity1 Limited

06240919

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

ALPHA TOWER, BIRMINGHAM, B1 1TT
Incorporated 09/05/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

61900
Other telecommunications activities

Officers

Mr Timothy James Pilcher

director · Since 13/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 56

Mrs Paula Marson Benoit

director · Since 17/07/2023

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 56

Also on 13 other boards

Persons with Significant Control

Glide Student & Residential Limited

75–100% shares
75–100% votes
Appoint directors

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

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 19/12/2024Registered 23/12/2024
Charge
satisfied

WELLS FARGO BANK, N.A., LONDON BRANCH (AS COMMON SECURITY AGENT)

Created 17/12/2020Registered 23/12/2020Satisfied 04/12/2024
Charge
satisfied

WELLS FARGO BANK, N.A., LONDON BRANCH AS TRUSTEE FOR EACH OF THE SECURED PARTIES (AS DEFINED IN

Created 17/12/2020Registered 18/12/2020Satisfied 04/12/2024
Charge
satisfied

WELLS FARGO BANK, N.A., LONDON BRANCH AS COMMON SECURITY TRUSTEE FOR THE COMMON SECURED PARTIES

Created 05/02/2020Registered 07/02/2020Satisfied 04/12/2024

CompanyRankvs 128+ SIC 61900 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 6.49× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Midlands Radiotelephone Centre Limited
90
2Internet Videocommunications Limited
90
3Spellman High Voltage Electronics Limited.
90
4Concorde I Limited
90
5Challenger Mobile Communications Limited
90
6Map Group (Uk) Limited
90
7Asset Services Limited
90
8Corporate Direct (Europe) Ltd
90
9Giacom (Billing) Limited
90
10Utilities U.K. Limited
90
128Velocity1 Limited
88
How is this score calculated?
Financial strength24/25 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.

Liquidity20/20 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 31/12/2022

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

17avg. employees-12

Balance Sheet

Intangible assets£96k
Assets less current liabilities£2.3M
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20226.49+£2.4M
20210.90—

Derived from filed accounts. Not audited figures.