Velocity Power Limited
13132580
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/01/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 60
Also on 2 other boards
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
British · United Kingdom · Age 60
Exchange Building, 66 Church Street, Hartlepool, TS24 7DN
Notified 13/01/2021
Newco 142 Ltd.
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 peers27
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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 31/03/2025
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
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.13 | +£857 |
| 2024 | 0.09 | -£10k |
| 2023 | 0.17 | — |
| 2022 | 0.99 | — |
Derived from filed accounts. Not audited figures.