Velox Power Limited
10967590
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 16/09/2025
Due 30/09/2026
Industry
Officers
director · Since 18/09/2017
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 49
Also on 3 other boards
director · Since 18/09/2017
COMPANY DIRECTOR
AUSTRALIAN · ENGLAND · Age 54
Also on 39 other boards
secretary · Since 08/04/2026
Persons with Significant Control
Reserve Power Holdings (Jersey) Limited
3rd Floor, Standard Bank House, 47-49 La Motte Street, Jersey, JE2 4SZ
Reg: 124731 · Jersey · Limited Company
Notified 15/01/2018
Former PSCs
Norose Company Secretarial Services Limited
Ceased 18/09/2017
Charges1 outstanding
CLOSE LEASING LIMITED ACTING AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEFINED WITHIN)
CompanyRankvs 32677+ SIC 64209 peers26
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
As a direct consequence of Covid-19 and in light of these inherent uncertainties, Management has considered the potential impact of Covid-19 on the business (and its ability to continue as a going concern) under various scenarios, and this is documented in further detail in the Directors' report on page 6. Furthermore, we acknowledge that the impact of Britain leaving the EU brings about many unce
Key FinancialsYear ending 31/12/2020
Net Worth
£1
Balance sheet strength
Cash
£469k
Cash in the bank
Net Current Assets
-£13.9M
Working capital
Current Assets
£50.6M
Current Liabilities
£64.6M
Fixed Assets
£11.7M
Debtors
£50.2M
Profit After Tax
-£3.5M
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 0.78 |
| 2020 | 0.80 |
| 2019 | 0.70 |
| 2018 | 0.44 |
Derived from filed accounts. Not audited figures.