Velocity Technology Group Ltd
13793016
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/12/2021
MANAGER
SOUTH AFRICAN · SOUTH AFRICA · Age 46
Also on 1 other board
Persons with Significant Control
Velocity Technology Group
Velocity Group, 64 Sunset Avenue, Johannesburg, 2191
Reg: 2007/028849/07 · Cipc · Proprietary Limited
Notified 10/12/2021
Charges0 outstanding
NICHOLAS MAXWELL
CompanyRankvs 112054+ SIC 62020 peers26
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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 29/02/2024
Net Worth
-£23k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
—
Fixed Assets
£3k
EstimatesDerived
| Year | Implied Profit |
|---|---|
| 2024 | +£8k |
Derived from filed accounts. Not audited figures.