Velocity Workwear Ltd
08399497
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 09/11/2023
DIRECTOR
BRITISH · NORTHERN IRELAND · Age 37
Also on 5 other boards
Persons with Significant Control
Bam Investire Limited
322 Lisburn Road, C/O M.B Mcgrady, Belfast, BT9 6GH
Reg: Ni700649 · Companies House · Liimited Company
Notified 09/11/2023
Former PSCs
Mrs Samantha Jane Porter
Ceased 16/08/2018
Mr Tony Porter
Ceased 09/11/2023
Charges1 outstanding
NORTHERN BANK LIMITED
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CompanyRankvs 362+ SIC 46420 peers75
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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 30/09/2024
Net Worth
£813k
Balance sheet strength
Cash
£29k
Cash in the bank
Net Current Assets
£1.1M
Working capital
Current Assets
£1.9M
Current Liabilities
£828k
Fixed Assets
£119k
Debtors
£861k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.27 | -£88k |
| 2023 | 4.01 | +£284k |
| 2022 | 6.81 | +£198k |
| 2021 | Infinity | +£381k |
| 2020 | 2.37 | +£32k |
| 2019 | 1.64 | -£2k |
| 2018 | 0.81 | — |
Derived from filed accounts. Not audited figures.