What Velocity1 say about themselves
“Glide is a market-leading broadband & infrastructure business, delivering connectivity in student and built-to-rent accommodation and business sectors.”
Velocity1 Limited
- Incorporated
- 9 May 2007 (19 years)
- Previously known as
- Quintain Communications Limited (until 16 July 2008)Shelfco (No. 3416) Limited (until 11 June 2007)This list may be incomplete. See all names on Companies House
- Industry
- Other telecommunications activities (61900)
- Accounts type
- Audit exemption subsidiary
- Region
- West Midlands
- Address
- Alpha TowerSuffolk Street QueenswayBirminghamB1 1TT
Website & contact details
- Website
Filing status
- Accounts due
- 31 October 2027
- Last accounts
- 31 January 2026
- Conf. stmt due
- 18 July 2027
- Last conf. stmt
- 4 July 2026
Charges
- Total
- 4
- Outstanding
- 1
- Part satisfied
- 0
- Satisfied
- 3
Officers 2 active
Officer details are public data from the Companies House register.
Director · Appointed 17 July 2023
British
Born April 1970 (56)
Director · Appointed 13 July 2022
British
Born July 1969 (57)
Officer history (19 former)
17 July 2023
24 February 2023
13 July 2022
13 July 2022
13 July 2022
13 July 2022
Resigned Heazell, Frances Victoria as Secretary
13 July 2022
5 April 2021
Resigned Kellett, Mark as Director
31 December 2020
8 September 2020
10 February 2020
Appointed Heazell, Frances Victoria as Secretary
24 January 2020
Resigned O'Reilly, Conor as Director
24 January 2020
Resigned Peterson Jr, Kenneth D as Director
19 May 2017
19 May 2017
Appointed O'Reilly, Conor as Director
25 November 2011
Appointed Kellett, Mark as Director
25 November 2011
25 November 2011
25 November 2011
25 November 2011
Resigned Gudmundsson, Erling Freyr as Director
25 November 2011
25 November 2011
Appointed Peterson Jr, Kenneth D as Director
10 April 2011
Resigned Loeve, Gudmundor as Director
24 March 2011
24 March 2011
16 April 2010
11 February 2010
Appointed Loeve, Gudmundor as Director
11 February 2010
Resigned Mar Gudjonsson, Gudjon as Director
15 January 2009
Appointed Mar Gudjonsson, Gudjon as Director
15 January 2009
Appointed Gudmundsson, Erling Freyr as Director
22 September 2008
30 June 2008
30 June 2008
5 October 2007
5 October 2007
5 October 2007
5 October 2007
5 October 2007
9 May 2007
9 May 2007
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
Corporate entity · Notified 13 July 2022
Owns 75–100% of shares
Holds 75–100% of voting rights
Right to appoint and remove directors
Private Limited Company
Reg. no. 03188615
Former controllers (2)
13 July 2022
Ceased QL Management Holdings Limited — Owns 75–100% of shares
24 January 2020
Ceased Kenneth Dean Peterson Jr. — Owns 75–100% of shares
Group structure 10 shown
Ownership group derived from the Companies House PSC register
Gibson Midco Ltd Owns 75–100% of shares
Glide Student & Residential Limited Owns 75–100% of shares
Glide 2 Limited Owns 75–100% of shares
Glide Business Limited Owns 75–100% of shares
Glide Fibre Limited Owns 75–100% of shares
Velocity1 Limited This company Owns 75–100% of shares
Glide Topco Limited Owns 75–100% of shares
Glide Bidco Limited Owns 75–100% of shares
Glide Bidco 2 Limited Owns 75–100% of shares
Financials
Figures from 2022 accounts. Newer accounts, made up to 31 January 2026, are filed but not read yet. See them on Companies House
- Net Assets
- £2,239,049
- Cash
- £7,644
- Turnover
- £2,004,139
- Profit Before Tax
- £2,381,330
- Employees
- 17
- Debt Ratio
- 16%
- Current Ratio
- 6.5x
- Return on Equity
- 105%
Trend
Turnover
Balance sheet detail
| 2022 | 2021 | |
|---|---|---|
| Fixed Assets | £193,067 | £213,456 |
| Current Assets | £2,465,090 | £2,942,407 |
| Debtors | £2,457,446 | £2,785,929 |
| Cash | £7,644 | £66,437 |
| Creditors (< 1 year) | £379,913 | £3,276,518 |
| Creditors (> 1 year) | £39,195 | |
| Net Current Assets | £2,085,177 | (£334,111) |
| Net Assets | £2,239,049 | (£120,655) |
| Shareholder Funds | £2,239,049 | (£120,655) |
| Turnover | £2,004,139 | £3,150,877 |
| Cost of Sales | £977,090 | £1,872,383 |
| Gross Profit | £1,027,049 | £1,278,494 |
| Admin Expenses | £1,476,833 | £2,855,857 |
| Operating Profit | £2,385,074 | (£1,428,467) |
| Profit Before Tax | £2,381,330 | (£1,435,465) |
| Tax | £21,626 | £1,764,495 |
| Profit for Period | £2,359,704 | £329,030 |
Filings
Recent filings only. See the full history on Companies House
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 18 July 2026 | Other filing | |||
| 18 July 2026 | Other filing | |||
| 18 July 2026 | Accounts filing | |||
| 18 July 2026 | Audit exemption subsidiary accounts | 31 January 2026 | ||
| 7 July 2026 | Confirmation statement with updates | 4 July 2026 |
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