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Velocity Transport Solutions Limited

10270494

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

WOODBINE STREET, SUNDERLAND, SR1 2NL
Incorporated 11/07/2016

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 10/07/2025

Due 24/07/2026

On track

Industry

49410
Freight transport by road

Officers

Dominic Gardner

director · Since 11/07/2016

British

Lee Gray

director · Since 26/07/2024

British

John Peter Reece

director · Since 06/12/2022

British

CompanyRankvs 34570+ SIC 49410 peers
74

Financial strength93th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 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.

Longevity10/15 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 31/12/2024

Net Worth

£293k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

£264k

Working capital

Current Assets

£1.1M

Current Liabilities

£868k

Fixed Assets

£92k

Debtors

£1.1M

Profit After Tax

£97k

14avg. employees

Balance Sheet

Assets less current liabilities£356k
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20241.30

Derived from filed accounts. Not audited figures.