Velvet Lounge Limited
12510177
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/05/2025
total exemption full
Next accounts due
28/02/2027
Confirmation statement
Last: 10/03/2026
Due 24/03/2027
Industry
Officers
Persons with Significant Control
Mr Junaid Ahmed
British · England · Age 25
3 Feast Field, Horsforth, Leeds, LS18 4TJ
Notified 11/03/2020
CompanyRankvs 24967+ SIC 56101 peers38
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
-£27k
Balance sheet strength
Cash
£7k
Cash in the bank
Net Current Assets
-£29k
Working capital
Current Assets
£29k
Current Liabilities
£58k
Debtors
£21k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.51 | -£19k |
| 2024 | 0.87 | — |
| 2023 | 1.11 | — |
| 2022 | 3.09 | +£17k |
| 2021 | 15.57 | — |
Derived from filed accounts. Not audited figures.