Vel Impex Ltd
13730490
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/11/2021
ACCOUNTANT
BRITISH · ENGLAND · Age 38
Also on 1 other board
Persons with Significant Control
Miss Madusha Panchalingam
British · England · Age 38
31, Middleton Road, Morden, SM4 6RU
Notified 08/11/2021
CompanyRankvs 2747+ SIC 46390 peers37
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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 30/11/2024
Net Worth
-£20k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£20k
Working capital
Current Assets
£34k
Current Liabilities
£55k
Fixed Assets
£45
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.63 | -£10k |
| 2023 | 0.69 | — |
Derived from filed accounts. Not audited figures.