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Velo Bici Ltd

07296602

in administration
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

UNIT 8, THE AQUARIUM BUILDING, READING, RG1 2AN
Incorporated 28/06/2010

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 06/06/2025

Due 20/06/2026

On track

Industry

47710
Retail sale of clothing in specialised stores

Officers

Mr Christopher John Puttnam

director · Since 28/06/2010

DESIGNER

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mr Kevin Barry Thorp Mlia(Dip)

director · Since 01/02/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 3 other boards

Persons with Significant Control

Christpher Puttnam

25–50% shares

British · England · Age 57

25, Torcross Close, Leicester, LE3 8AP

Notified 01/06/2017

Former PSCs

Mr Kevin Barry Thorp

Ceased 20/12/2023

Charges1 outstanding

Charge
outstanding

FSE MEIF LP ACTING BY ITS GENERAL PARTNER FSE MEIF GP LTD

Created 16/07/2021Registered 20/07/2021

Insolvency History1 case

in administration

Paul Ellison (practitioner) · David Ronald Taylor (practitioner)

CompanyRankvs 15+ SIC 47710 peers
16

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.74× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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

Insolvency history: -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

-£157k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£118k

Working capital

Current Assets

£339k

Current Liabilities

£457k

Fixed Assets

£31k

Debtors

£44k

6avg. employees

Director Loans(2022)

Company owes directors£180k

Balance Sheet

Intangible assets£24k
Assets less current liabilities-£87k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.74+£141k
20230.84-£29k
20220.95-£32k
20210.95+£12k
20200.72-£79k
20190.80-£71k
20180.86—

Derived from filed accounts. Not audited figures.