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Velocity Electrics Ltd

14324919

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

298 BROOK LANE, BIRMINGHAM, B13 0TQ
Incorporated 30/08/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Mr Sackib Hussain

director · Since 30/08/2022

ELECTRICIAN

BRITISH · ENGLAND · Age 34

Persons with Significant Control

Mr Sackib Hussain

75–100% shares
75–100% votes
Appoint directors

British · England · Age 34

298, Brook Lane, Birmingham, B13 0TQ

Notified 30/08/2022

CompanyRankvs 42251+ SIC 43210 peers
23

Financial strength10th percentile among SIC peers · 3/25
Employees8th percentile among SIC peers · 1/15
LiquidityNo balance sheet data · 0/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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42251Velocity Electrics Ltd
22
How is this score calculated?
Financial strength3/25 pts

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

Employees1/15 pts

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

Liquidity0/20 pts

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

Longevity4/15 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 31/08/2024

Net Worth

-£3k

Balance sheet strength

Cash

£738

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

—

Current Liabilities

£9k

Fixed Assets

£6k

0avg. employees-1
Prepared with VT Final Accounts

EstimatesDerived

YearImplied Profit
2024-£954

Derived from filed accounts. Not audited figures.