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Velocity Precision Ltd

08306601

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

UNIT 23 EARITH BUSINESS PARK, EARITH, PE28 3QF
Incorporated 26/11/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Mr James Brown

director · Since 26/11/2012

ENGINEER

BRITISH · UNITED KINGDOM · Age 44

Also on 1 other board

Mr Glen Christopher Dawson

director · Since 26/11/2012

ENGINEER

BRITISH · UNITED KINGDOM · Age 54

Also on 1 other board

Persons with Significant Control

Mr James Brown

25–50% shares
25–50% votes

British · England · Age 44

Unit 23 Earith Business Park, Meadow Drove, Earith, PE28 3QF

Notified 06/04/2016

Mr Glen Christopher Dawson

25–50% shares
25–50% votes

British · United Kingdom · Age 54

Unit 23 Earith Business Park, Meadow Drove, Earith, PE28 3QF

Notified 06/04/2016

CompanyRankvs 693+ SIC 28990 peers
77

Financial strength77th percentile among SIC peers · 19/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.64× · 16/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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693Velocity Precision Ltd
72
How is this score calculated?
Financial strength19/25 pts

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

Employees13/15 pts

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

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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.

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

Key FinancialsYear ending 30/11/2024

Net Worth

£586k

Balance sheet strength

Cash

£325k

Cash in the bank

Net Current Assets

£216k

Working capital

Current Assets

£551k

Current Liabilities

£335k

Fixed Assets

£708k

Debtors

£225k

16avg. employees+1

Balance Sheet

Assets less current liabilities£924k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.64+£119k
20231.48—

Derived from filed accounts. Not audited figures.