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Vel Mart Retail Ltd

09512073

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

23 LANGDON CLOSE, CONSETT, DH8 7NG
Incorporated 26/03/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr Sivakumar Thangavel

director · Since 26/03/2015

MANAGER

BRITISH · ENGLAND · Age 46

Also on 1 other board

Mrs Sivakumar Dhanisha

director · Since 01/08/2025

DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Mr Sivakumar Thangavel

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-firm
Appoint directors
right-to-appoint-and-remove-directors-as-firm

British · England · Age 46

23, Langdon Close, Consett, DH8 7NG

Notified 06/04/2016

Former PSCs

Mrs Sivakumar Dhanisha

Ceased 01/08/2025

CompanyRankvs 4660+ SIC 47110 peers
65

Financial strength52th percentile among SIC peers · 13/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.18× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength13/25 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.

Liquidity12/20 pts

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

Longevity11/15 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 31/03/2025

Net Worth

£8k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

£31k

Working capital

Current Assets

£197k

Current Liabilities

£166k

Fixed Assets

£62k

Debtors

£5k

13avg. employees

Tax at Year End(2024)

Corp tax£6k
VAT£8k

Director Loans(2024)

Company owes directors£78k

Balance Sheet

Intangible assets£20k
Assets less current liabilities£92k
Signed by Mr Sivakumar Thangavel 31/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.18+£0—
20251.18-£6k—
20240.96+£23k£168k
20230.85-£13k£147k
20221.03+£2k£68k
20211.03—£68k
20201.01—£95k
20191.01—£49k

Derived from filed accounts. Not audited figures.