Velocity Property Development Ltd
13681659
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 15 outstanding charges (-10)
Details
Compliance
Last accounts
31/03/2025
micro entity
Next accounts due
31/12/2026
Confirmation statement
Last: 14/10/2025
Due 28/10/2026
Industry
Officers
director · Since 15/10/2021
DIRECTOR
BRITISH · ENGLAND · Age 37
Also on 9 other boards
Persons with Significant Control
Mr James Steven Smethurst
British · England · Age 37
14 Clifton Moor Business Village, James Nicolson Link, York, YO30 4XG
Notified 14/10/2025
Former PSCs
Mr James Steven Smethurst
Ceased 13/10/2025
J Smethurst Holdings Ltd
Ceased 30/10/2025
Charges15 outstanding
BLUECROFT FINANCE SUBCO 2 LIMITED
BLUECROFT FINANCE SUBCO 2 LIMITED
PARAGON BANK PLC
LENDINVEST SECURITY TRUSTEES LIMITED
LENDINVEST SECURITY TRUSTEES LIMITED
FOXCROFT INNOVATIONS LTD
GRAHAM FOXCROFT
GRAHAM FOXCROFT
DEEWAT LIMITED
AVAMORE FINANCE 1 LIMITED
AVAMORE FINANCE 1 LIMITED
HOPE CAPITAL 2 LIMITED
HOPE CAPITAL 2 LIMITED
PARATUS AMC LIMITED
ALDERMORE BANK PLC
THE MORTGAGE WORKS (UK) PLC
CompanyRankvs 141532+ SIC 68100 peers16
Show leaderboard
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
Drive, Yeadon, Leeds , LS19 7SJ Page 1 continued... Velocity Property Development Ltd (Registered number: 13681659) Balance Sheet - continued 31 March 2025 NOTES TO THE FINANCIAL STATEMENTS 4. GOING CONCERN The financial statements have been drawn up on a going concern basis as the director has indicated their continuing support. As such there is no material uncertainty over the entity's ab
Key FinancialsYear ending 31/03/2025
Net Worth
-£96k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£18k
Working capital
Current Assets
£307k
Current Liabilities
£325k
Fixed Assets
£764k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.94 | -£52k |
| 2024 | 0.19 | -£28k |
| 2023 | 0.03 | — |
Derived from filed accounts. Not audited figures.