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Velobrands Limited

07010314

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

1A PARLIAMENT SQUARE, CREDITON, EX17 2AW
Incorporated 05/09/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr William George Miles

director · Since 05/09/2009

BUSINESSMAN

BRITISH · ENGLAND · Age 44

Also on 3 other boards

Mr Michael Raymond Sanders

director · Since 06/06/2011

BUSINESSMAN

BRITISH · ENGLAND · Age 71

Also on 1 other board

Persons with Significant Control

Mr William George Miles

25–50% shares

British · England · Age 44

Ground Floor, Keble House, Exeter, EX1 1NT

Notified 06/04/2016

Mr Michael Raymond Sanders

25–50% shares

British · England · Age 71

Ground Floor, Keble House, Exeter, EX1 1NT

Notified 05/09/2016

Former PSCs

Mr William George Miles

Ceased 05/09/2017

Mr Luke Simon Humphreys

Ceased 10/01/2019

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 22/09/2015Registered 25/09/2015
Charge
outstanding

RBS INVOICE FINANCE LIMITED

Created 12/05/2015Registered 13/05/2015

CompanyRankvs 537+ SIC 46900 peers
78

Financial strength94th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.95× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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537Velobrands Limited
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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 31/12/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£291k

Cash in the bank

Net Current Assets

£1.4M

Working capital

Current Assets

£1.9M

Current Liabilities

£488k

Fixed Assets

£32k

Debtors

£709k

12avg. employees+1

Tax at Year End(2020)

Corp tax£87k

Balance Sheet

Bank loans & overdrafts£37k
Assets less current liabilities£1.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.95+£64k
20232.51+£100k
20222.22-£271k
20212.52-£104k
20202.37+£329k
20191.63+£162k
20181.32—

Derived from filed accounts. Not audited figures.