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Velocity Power Limited

13132580

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

EXCHANGE BUILDING, HARTLEPOOL, TS24 7DN
Incorporated 13/01/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47990
Other retail sale not in stores, stalls or markets

Officers

Mr Stephen John Davis

director · Since 13/01/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 2 other boards

Mr Simon Michael Close

director · Since 15/06/2024

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 61

Also on 5 other boards

Persons with Significant Control

Mr Stephen John Davis

Significant control

British · United Kingdom · Age 60

Exchange Building, 66 Church Street, Hartlepool, TS24 7DN

Notified 13/01/2021

Newco 142 Ltd.

75–100% shares
75–100% votes

1st & 2nd Floors, Elizabeth House, Guernsey, GY1 1EW

Reg: 74464 · Guernsey · Private Limited Company

Notified 11/02/2025

Former PSCs

Newco142 (Uk) Limited

Ceased 11/02/2025

CompanyRankvs 28469+ SIC 47990 peers
27

Financial strength9th percentile among SIC peers · 2/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

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

Longevity5/15 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

-£18k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£3k

Current Liabilities

£21k

Fixed Assets

£200

Debtors

£3k

0avg. employees

Balance Sheet

Assets less current liabilities-£18k
Prepared with Sage Accounts Production 24.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20250.13+£857
20240.09-£10k
20230.17
20220.99

Derived from filed accounts. Not audited figures.