Velocity Uk Limited

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velocity uk limited Company Information

Company Number

03400231

Next Accounts

Sep 2025

Directors

Dominic Gardner

John Reece

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Shareholders

velocity roads group limited

Group Structure

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Industry

Manufacture of machinery for mining

Registered Address

woodbine street, sunderland, SR1 2NL

Website

www.velocitypatching.com

velocity uk limited Estimated Valuation

£12.5m

Pomanda estimates the enterprise value of VELOCITY UK LIMITED at £12.5m based on a Turnover of £10.5m and 1.19x industry multiple (adjusted for size and gross margin).

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Velocity Uk Limited is a live company located in sunderland, SR1 2NL with a Companies House number of 03400231. It operates in the manufacture of machinery for mining sector, SIC Code 28921. Founded in July 1997, it's largest shareholder is velocity roads group limited with a 100% stake. Velocity Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Velocity Uk Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £10.5m, make it smaller than the average company (£20.4m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.4%)

EXPORT

Velocity Uk Limited's latest turnover from December 2023 is £10.5 million and the company has net assets of £1.8 million. According to their latest financial statements, Velocity Uk Limited has 112 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	10,531,129	8,775,362	10,332,028	7,667,953	5,475,031	6,632,648	5,851,697	6,838,173	4,406,065	9,635,706	10,438,251	7,229,611	6,142,173	3,627,886
Other Income Or Grants
Cost Of Sales	8,123,128	7,310,445	8,083,333	5,980,119	4,224,726	5,113,275	4,659,314	5,681,254	3,593,801	7,171,008	8,281,089	5,792,260	4,213,477	2,684,602
Gross Profit	2,408,001	1,464,917	2,248,695	1,687,834	1,250,306	1,519,373	1,192,382	1,156,919	812,265	2,464,698	2,157,162	1,437,351	1,928,696	943,283
Admin Expenses	1,942,356	2,738,644	2,017,281	1,472,324	802,938	931,497	1,234,673	983,111	553,928	2,151,943	1,889,803	1,831,407	1,914,974	744,735	-1,319,410
Operating Profit	465,645	-1,273,727	231,414	215,510	447,368	587,876	-42,291	173,808	258,337	312,755	267,359	-394,056	13,722	198,548	1,319,410
Interest Payable	98,096	39,785	159,267	153,692	167,501	166,422	157,821	194,057	248,779	59,507	75,674	10,993	4,978
Interest Receivable			2,959	1,048	5,797	4,347	4,084	4,265	11,230	8,737	28,363	2	26	2,325	890
Pre-Tax Profit	367,549	-1,313,512	75,106	62,867	285,664	425,801	-196,028	-15,984	20,788	261,985	220,048	-405,047	8,770	200,872	1,320,300
Tax	73,011	97,849	-14,270	-11,945	-54,276	-80,902			-4,157	-61,194	-20,751	40,767	-7,325	-56,244	-369,684
Profit After Tax	440,560	-1,215,663	60,836	50,922	231,388	344,899	-196,028	-15,984	16,630	200,791	199,297	-364,280	1,445	144,628	950,616
Dividends Paid													578,664
Retained Profit	440,560	-1,215,663	60,836	50,922	231,388	344,899	-196,028	-15,984	16,630	200,791	199,297	-364,280	-577,219	144,628	950,616
Employee Costs	4,371,504	4,606,040	5,961,757	3,872,900	2,277,908	2,034,131	1,673,780	4,038,611	1,987,493	2,326,839	2,422,610	2,969,350	1,155,909	643,005
Number Of Employees	112	112	117	82	50	44	39	92	46	51	52	48	29	17
EBITDA*	728,611	-1,043,864	447,924	427,084	663,555	728,912	104,890	263,237	427,735	491,057	426,013	-257,678	129,276	316,507	1,461,545

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,861,453	1,555,758	1,474,098	1,376,622	1,538,683	1,006,953	763,616	843,288	828,815	827,359	841,055	745,719	599,953	397,108	418,234
Intangible Assets	22,500	5,276	8,029	6,243	8,920	2,046	2,554	2,798	2,139	3,068	3,320	500	1,022	1,494	816
Investments & Other	490	1	1	1	1	1	1	1	2,353	2,353	2,353	100
Debtors (Due After 1 year)
Total Fixed Assets	1,884,443	1,561,035	1,482,128	1,382,866	1,547,604	1,009,000	766,171	846,087	833,307	832,780	846,728	746,319	600,975	398,602	419,050
Stock & work in progress	314,642	314,280	422,153	477,655	348,011	1,136,731	179,949	244,828	362,059	267,003	257,591	345,472	490,456	419,519	190,930
Trade Debtors	991,222	611,215	731,955	660,190	901,825	1,106,485	1,459,465	986,404	667,500	1,320,085	2,041,826	689,340	587,237	669,430	822,455
Group Debtors	218,761	541,054	571,694	702,219	731,451	478,406	583,565	100,971	707,903	413,514	167,943		57
Misc Debtors	203,599	487,784	227,540	177,050	106,581	154,616	241,570	57,642	299,330	141,224	214,720	71,371	161,730
Cash	1,133,927	288,057	1,107,738	1,259,684	836,460	709,462	449,716	1,183,763	2,228,100	2,263,713	1,536,721	3,192,394	677,377	573,864	356,008
misc current assets
total current assets	2,862,151	2,242,390	3,061,080	3,276,798	2,924,328	3,585,700	2,914,265	2,573,608	4,264,892	4,405,539	4,218,801	4,298,577	1,916,857	1,662,813	1,369,393
total assets	4,746,594	3,803,425	4,543,208	4,659,664	4,471,932	4,594,700	3,680,436	3,419,695	5,098,199	5,238,319	5,065,529	5,044,896	2,517,832	2,061,415	1,788,443
Bank overdraft										2,316	2,347
Bank loan							50,000
Trade Creditors	343,609	285,775	210,868	270,825	154,167	685,731	348,474	113,760	264,332	385,508	332,558	498,180	579,203	777,932	633,579
Group/Directors Accounts	14,733	14,733	26,345	18,271	27,963	199,352	21,110	32,105	140,566	75,563	5,056	39,020	301,315
other short term finances
hp & lease commitments	104,560	89,807	88,592	65,985	76,156	41,142	20,375	19,416	27,441	21,780	31,364	21,867	38,888
other current liabilities	752,667	401,897	250,876	459,149	411,791	335,756	342,877	174,697	87,669	262,646	373,345	417,881	840,262
total current liabilities	1,215,569	792,212	576,681	814,230	670,077	1,261,981	782,836	339,978	520,008	747,813	744,670	976,948	1,759,668	777,932	633,579
loans	1,400,000	1,400,000	2,561,875	2,534,668	2,504,404	2,458,596	2,422,425	2,383,605	3,826,212	3,826,212	3,826,212	3,759,837
hp & lease commitments	265,313	113,050	121,883	150,859	212,607	87,673	33,624	58,533	83,608	14,161	23,208	51,266	111,212
Accruals and Deferred Income
other liabilities														26,637	19,706
provisions	109,313	182,324	153,173	91,147	67,006				14,808	13,200	35,297	20,000	45,827	78,502	101,442
total long term liabilities	1,774,626	1,695,374	2,836,931	2,776,674	2,784,017	2,546,269	2,456,049	2,442,138	3,924,628	3,853,573	3,884,717	3,831,103	157,039	105,139	121,148
total liabilities	2,990,195	2,487,586	3,413,612	3,590,904	3,454,094	3,808,250	3,238,885	2,782,116	4,444,636	4,601,386	4,629,387	4,808,051	1,916,707	883,071	754,727
net assets	1,756,399	1,315,839	1,129,596	1,068,760	1,017,838	786,450	441,551	637,579	653,563	636,933	436,142	236,845	601,125	1,178,344	1,033,716
total shareholders funds	1,756,399	1,315,839	1,129,596	1,068,760	1,017,838	786,450	441,551	637,579	653,563	636,933	436,142	236,845	601,125	1,178,344	1,033,716

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	465,645	-1,273,727	231,414	215,510	447,368	587,876	-42,291	173,808	258,337	312,755	267,359	-394,056	13,722	198,548	1,319,410
Depreciation	257,034	227,110	213,871	208,897	213,936	140,528	146,717	88,526	168,329	177,432	158,125	136,378	115,554	117,637	141,863
Amortisation	5,932	2,753	2,639	2,677	2,251	508	464	903	1,069	870	529			322	272
Tax	73,011	97,849	-14,270	-11,945	-54,276	-80,902			-4,157	-61,194	-20,751	40,767	-7,325	-56,244	-369,684
Stock	362	-107,873	-55,502	129,644	-788,720	956,782	-64,879	-117,231	95,056	9,412	-87,881	-144,984	70,937	228,589	190,930
Debtors	-226,471	108,864	-8,270	-200,398	350	-545,093	1,139,583	-529,716	-200,090	-549,666	1,663,778	11,687	79,594	-153,025	822,455
Creditors	57,834	74,907	-59,957	116,658	-531,564	337,257	234,714	-150,572	-121,176	52,950	-165,622	-81,023	-198,729	144,353	633,579
Accruals and Deferred Income	350,770	151,021	-208,273	47,358	76,035	-7,121	168,180	87,028	-174,977	-110,699	-44,536	-422,381	840,262
Deferred Taxes & Provisions	-73,011	29,151	62,026	24,141	67,006			-14,808	1,608	-22,097	15,297	-25,827	-32,675	-22,940	101,442
Cash flow from operations	1,363,324	-691,927	291,222	674,050	1,009,126	566,457	-566,920	831,832	234,067	890,271	-1,365,496	-612,845	580,278	306,112	813,497
Investing Activities
capital expenditure	-585,885	-308,770	-315,772	-46,836	-754,791	-383,865	-67,265	-104,561	-169,925	-164,354	-256,810	-281,622	-317,927	-97,511	-561,185
Change in Investments	489							-2,352			2,253	100
cash flow from investments	-586,374	-308,770	-315,772	-46,836	-754,791	-383,865	-67,265	-102,209	-169,925	-164,354	-259,063	-281,722	-317,927	-97,511	-561,185
Financing Activities
Bank loans						-50,000	50,000
Group/Directors Accounts		-11,612	8,074	-9,692	-171,389	178,242	-10,995	-108,461	65,003	70,507	-33,964	-262,295	301,315
Other Short Term Loans
Long term loans		-1,161,875	27,207	30,264	45,808	36,171	38,820	-1,442,607			66,375	3,759,837
Hire Purchase and Lease Commitments	167,016	-7,618	-6,369	-71,919	159,948	74,816	-23,950	-33,100	75,108	-18,631	-18,561	-76,967	150,100
other long term liabilities													-26,637	6,931	19,706
share issue		1,401,906													83,100
interest	-98,096	-39,785	-156,308	-152,644	-161,704	-162,075	-153,737	-189,792	-237,549	-50,770	-47,311	-10,991	-4,952	2,325	890
cash flow from financing	68,920	181,016	-127,396	-203,991	-127,337	77,154	-99,862	-1,773,960	-97,438	1,106	-33,461	3,409,584	419,826	9,256	103,696
cash and cash equivalents
cash	845,870	-819,681	-151,946	423,224	126,998	259,746	-734,047	-1,044,337	-35,613	726,992	-1,655,673	2,515,017	103,513	217,856	356,008
overdraft									-2,316	-31	2,347
change in cash	845,870	-819,681	-151,946	423,224	126,998	259,746	-734,047	-1,044,337	-33,297	727,023	-1,658,020	2,515,017	103,513	217,856	356,008

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VELOCITY UK LIMITED group structure

Velocity Uk Limited has 3 subsidiary companies.

Ultimate parent company

VELOCITY ROADS GROUP LIMITED

05282359

1 parent

VELOCITY UK LIMITED

03400231

3 subsidiaries

FLAIR MONEY LIMITED

14444451

VELOCITY PATCHING LIMITED

06840731

VELOCITY TRANSPORT SOLUTIONS LIMITED

10270494

VELOCITY UK LIMITED Shareholders

velocity roads group limited

100%

Velocity Uk Limited currently has 3 directors. The longest serving directors include Mr Dominic Gardner (Jul 2011) and Mr John Reece (Dec 2022).

officer	country	age	start	end	role
Mr Dominic Gardner	United Kingdom	44 years	Jul 2011	-	Director
Mr John Reece	United Kingdom	63 years	Dec 2022	-	Director
Mr Lee Gray	United Kingdom	31 years	Jul 2024	-	Director

P&L

December 2023

turnover

10.5m

+20%

operating profit

465.6k

-137%

gross margin

22.9%

+36.97%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.8m

+0.33%

total assets

4.7m

+0.25%

cash

1.1m

+2.94%

net assets

Total assets minus all liabilities

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company number

03400231

Type

Private limited with Share Capital

industry

28921 - Manufacture of machinery for mining

incorporation date

July 1997

ultimate parent company

VELOCITY ROADS GROUP LIMITED

previous names

jetpatcher (uk) limited (February 2009)

address

woodbine street, sunderland, SR1 2NL

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to velocity uk limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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velocity uk limited Company Information

velocity uk limited Estimated Valuation

velocity uk limited Estimated Valuation

velocity uk limited Estimated Valuation

Velocity Uk Limited Overview

Velocity Uk Limited Health Check

VELOCITY UK LIMITED financials

velocity uk limited Credit Report and Business Information

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velocity uk limited Ownership

velocity uk limited directors

velocity uk limited company details

velocity uk limited Charges & Mortgages

velocity uk limited Capital Raised & Share Issues BETA

velocity uk limited Companies House Filings - See Documents