Velocity Technology Solutions UK Limited

In liquidationSC263817 Private limited company
Incorporated
23 February 2004 (22 years)
Previously known as
Velos-It Limited (until 12 December 2013)
This list may be incomplete. See all names on Companies House
Industry
Information technology consultancy activities (62020)
Computer facilities management activities (62030)
Accounts type
Small
Region
Scotland
Address
Third Floor Turnberry House
175 West George Street
Glasgow
G2 2LB

Filing status

Accounts due
29 June 2026
Last accounts
31 December 2023
Conf. stmt due
7 March 2027
Last conf. stmt
21 February 2026

Charges

Total
1
Outstanding
0
Part satisfied
0
Satisfied
1

Officers

This list may be incomplete. See all officers on Companies House

Officer details are public data from the Companies House register.

Director · Appointed 29 May 2024
British
Born March 1973 (53)
Director · Appointed 29 May 2024
British
Born December 1961 (64)
Director · Appointed 29 May 2024
British
Born May 1969 (57)

Ownership 1 active

People and entities with significant control, from the Companies House PSC register

Corporate entity · Notified 29 January 2024
Owns 75–100% of shares
Holds 75–100% of voting rights
Right to appoint and remove directors
Private Limited Company
Reg. no. Sc445689
Former controllers (2)
29 January 2024
Ceased Remote Dba Experts LLC — Has significant influence or control
30 December 2020
Ceased Velocity Technology Solutions UK Holdings Limited — Owns 75–100% of shares

Financials

Balance sheet as at 31 December 2023 · small accounts

Net Assets
£12,937,821
Cash
£28,112
Debt Ratio
8%
Current Ratio
13.3x

Trend

Net Assets
£0 £5.0M £10.0M £15.0M 2019 2020 2021 2022 2023 £12,309,465 £12,891,976 £12,412,436 £12,598,452 £12,937,821
Balance sheet detail
20232022202120202019
Fixed Assets£369,428£768,153£1,050,822£1,193,068£1,299,445
Current Assets£13,619,493£13,428,817£14,406,463£15,047,290£13,699,430
Debtors£13,261,323£13,608,105£14,595,099£13,615,858
Cash£28,112£167,494£798,358£452,191£83,572
Creditors (< 1 year)£1,020,295£3,014,044£3,317,577£2,679,613
Net Current Assets£12,599,198£11,861,104£11,392,419£11,729,713£11,019,817
Net Assets£12,937,821£12,598,452£12,412,436£12,891,976£12,309,465
Shareholder Funds£12,598,452£12,412,436£12,891,976£12,309,465

Turnover£6,187,048£11,660,158£11,517,946£12,262,826
Cost of Sales£2,624,428£8,424,550£6,030,955£6,355,797
Gross Profit£3,562,620£3,235,608£5,486,991£5,907,029
Admin Expenses£3,383,626£3,538,420£4,952,058£3,014,467
Staff Costs£2,921,280£7,530,277£6,628,021£5,575,940
Operating Profit£534,933£2,892,562
Profit Before Tax£186,016(£279,540)£531,937£2,873,315
Tax£200,000(£50,574)£557,475
Profit for Period£186,016(£479,540)£582,511£2,315,840

Filings

Filing history not loaded yet. See it on Companies House

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