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Velocity Delivery Services Limited

09881809

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1 HARDMAN STREET, MANCHESTER, M3 3HF
Incorporated 20/11/2015

Compliance

Last accounts

28/11/2024

total exemption full

Next accounts due

28/08/2026

On track

Confirmation statement

Last: 20/06/2025

Due 04/07/2026

On track

Industry

53201
Licensed carriers

Officers

Mr Naheem Riasat

director · Since 26/10/2018

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 3 other boards

Persons with Significant Control

Noor Invesco Ltd

75–100% shares

134-136, Stony Lane, Smethwick, B67 7BB

Reg: 12256596 · United Kingdom Registry Of Companies · Limited Company

Notified 05/02/2020

Former PSCs

Mr Richard Mark Panter

Ceased 26/10/2018

We Do Rentals Limited

Ceased 05/02/2020

Charges1 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 17/11/2017Registered 20/11/2017
Charge
satisfied

BARCLAYS BANK PLC

Created 18/10/2016Registered 20/10/2016Satisfied 29/01/2019

CompanyRankvs 1052+ SIC 53201 peers
48

Financial strength94th percentile among SIC peers · 24/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees2/15 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.

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.

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 28/11/2024

Net Worth

£138k

Balance sheet strength

Cash

£89k

Cash in the bank

Net Current Assets

-£199k

Working capital

Current Assets

£1.3M

Current Liabilities

£1.5M

Fixed Assets

£411k

Debtors

£1.2M

0avg. employees-1

Tax at Year End

Corp tax£400

Balance Sheet

Intangible assets£0
Assets less current liabilities£211k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.87-£97k
20230.85+£21k
20221.07-£37k
20211.06+£224k
20201.01+£91k
201975.17+£116k
20180.68

Derived from filed accounts. Not audited figures.