velocity1 limited
velocity1 limited Company Information
Company Number
06240919
Next Accounts
Oct 2025
Shareholders
glide student & residential limited
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
glide house, ground floor, building 4, clevedon, BS21 6UJ
Website
www.velocity1.co.ukvelocity1 limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY1 LIMITED at £652.7k based on a Turnover of £555k and 1.18x industry multiple (adjusted for size and gross margin).
velocity1 limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY1 LIMITED at £2m based on an EBITDA of £411k and a 4.89x industry multiple (adjusted for size and gross margin).
velocity1 limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY1 LIMITED at £1.5m based on Net Assets of £581k and 2.6x industry multiple (adjusted for liquidity).
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Velocity1 Limited Overview
Velocity1 Limited is a live company located in clevedon, BS21 6UJ with a Companies House number of 06240919. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in May 2007, it's largest shareholder is glide student & residential limited with a 100% stake. Velocity1 Limited is a established, small sized company, Pomanda has estimated its turnover at £555k with declining growth in recent years.
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Velocity1 Limited Health Check
Pomanda's financial health check has awarded Velocity1 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £555k, make it smaller than the average company (£13m)
£555k - Velocity1 Limited
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (4.9%)
-44% - Velocity1 Limited
4.9% - Industry AVG
Production
with a gross margin of 75%, this company has a lower cost of product (39.2%)
75% - Velocity1 Limited
39.2% - Industry AVG
Profitability
an operating margin of 56.4% make it more profitable than the average company (4.5%)
56.4% - Velocity1 Limited
4.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (52)
- Velocity1 Limited
52 - Industry AVG
Pay Structure
on an average salary of £62.8k, the company has an equivalent pay structure (£62.8k)
- Velocity1 Limited
£62.8k - Industry AVG
Efficiency
resulting in sales per employee of £185k, this is less efficient (£232.5k)
- Velocity1 Limited
£232.5k - Industry AVG
Debtor Days
it gets paid by customers after 89 days, this is later than average (40 days)
89 days - Velocity1 Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (42 days)
60 days - Velocity1 Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Velocity1 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Velocity1 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40%, this is a lower level of debt than the average (65.6%)
40% - Velocity1 Limited
65.6% - Industry AVG
VELOCITY1 LIMITED financials
Velocity1 Limited's latest turnover from January 2024 is £555 thousand and the company has net assets of £581 thousand. According to their latest financial statements, we estimate that Velocity1 Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 555,000 | 2,004,000 | 3,150,877 | 3,209,691 | 4,251,538 | 2,083,364 | 529,515 | 504,974 | 522,847 | 516,503 | 233,785 | 136,320 | 183,202 | 171,734 | 84,011 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 139,000 | 977,000 | 1,872,383 | 4,792,912 | 855,789 | 609,042 | |||||||||
| Gross Profit | 416,000 | 1,027,000 | 1,278,494 | -1,583,221 | -684,055 | -525,031 | |||||||||
| Admin Expenses | 103,000 | -1,359,000 | 2,706,961 | -1,165,151 | 261,443 | 187,942 | |||||||||
| Operating Profit | 313,000 | 2,386,000 | -1,428,467 | -418,070 | -236 | -102,479 | -405,920 | -453,305 | -377,892 | -350,458 | -391,204 | -396,483 | -732,693 | -945,498 | -712,973 |
| Interest Payable | 0 | 4,000 | 6,998 | 0 | 0 | 0 | 0 | 57,822 | 63,000 | 63,000 | 63,000 | 46,958 | 19,458 | 266,341 | 201,473 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155 | 155 | 209 | |
| Pre-Tax Profit | 313,000 | 2,382,000 | -1,435,465 | -418,070 | -236 | -102,479 | -405,920 | 1,903,703 | -440,892 | -413,458 | -454,204 | -443,441 | -751,996 | -1,211,684 | -914,237 |
| Tax | 0 | -22,000 | 1,764,495 | 178,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 313,000 | 2,360,000 | 329,030 | -239,814 | -236 | -102,479 | -405,920 | 1,903,703 | -440,892 | -413,458 | -454,204 | -443,441 | -751,996 | -1,211,684 | -914,237 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 313,000 | 2,360,000 | 329,030 | -239,814 | -236 | -102,479 | -405,920 | 1,903,703 | -440,892 | -413,458 | -454,204 | -443,441 | -751,996 | -1,211,684 | -914,237 |
| Employee Costs | 1,605,999 | 756,683 | 403,999 | 286,359 | 217,554 | 240,618 | 227,614 | 180,460 | 156,094 | 279,288 | 306,870 | 119,903 | |||
| Number Of Employees | 29 | 24 | 17 | 6 | 5 | 4 | 4 | 4 | 3 | 3 | 7 | 7 | 5 | ||
| EBITDA* | 411,000 | 2,489,000 | -1,324,239 | -336,625 | 33,328 | 5,099 | -271,639 | -254,375 | -115,486 | 102,414 | 3,966 | -131,595 | -455,581 | -560,524 | -542,953 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,000 | 97,000 | 141,288 | 173,353 | 106,019 | 70,869 | 145,609 | 238,104 | 324,554 | 439,247 | 694,863 | 903,981 | 1,056,295 | 1,300,784 | 1,677,746 |
| Intangible Assets | 67,000 | 96,000 | 72,168 | 123,060 | 13,851 | 3,626 | 716 | 729 | 1,354 | 267 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 178,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 95,000 | 193,000 | 213,456 | 474,669 | 119,870 | 74,495 | 146,325 | 238,833 | 325,908 | 439,514 | 694,863 | 903,981 | 1,056,295 | 1,300,784 | 1,677,746 |
| Stock & work in progress | 0 | 0 | 90,041 | 167,215 | 24,007 | 97,099 | 62,849 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 136,000 | 205,000 | 252,695 | 368,186 | 790,054 | 169,602 | 63,541 | 83,831 | 92,607 | 43,247 | 22,330 | 2,449 | 6,770 | 11,322 | 11,581 |
| Group Debtors | 572,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 165,000 | 281,000 | 2,533,234 | 358,723 | 878,649 | 0 | 37,486 | 34,296 | 28,353 | 20,830 | 12,830 | 11,242 | 42,084 | 49,551 | 60,024 |
| Cash | 0 | 8,000 | 66,437 | 25,390 | 35,743 | 107,334 | 99,010 | 49,656 | 17,472 | 17,780 | 62,827 | 32,467 | 81,046 | 30,575 | 39,764 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 873,000 | 494,000 | 2,942,407 | 919,514 | 1,728,453 | 858,956 | 262,886 | 167,783 | 138,432 | 81,857 | 97,987 | 46,158 | 129,900 | 91,448 | 111,369 |
| total assets | 968,000 | 687,000 | 3,155,863 | 1,394,183 | 1,848,323 | 933,451 | 409,211 | 406,616 | 464,340 | 521,371 | 792,850 | 950,139 | 1,186,195 | 1,392,232 | 1,789,115 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,000 | 52,000 | 334,744 | 187,909 | 139,997 | 34,454 | 17,058 | 21,176 | 76,652 | 36,125 | 24,910 | 31,861 | 57,281 | 6,760 | 30,447 |
| Group/Directors Accounts | 0 | 0 | 0 | 1,032,646 | 1,165,151 | 0 | 413,100 | 18,211 | 637,153 | 397,280 | 331,977 | 94,222 | 28,268 | 601,469 | 41,647 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 844,356 | 0 | 0 | 1,830,417 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 364,000 | 328,000 | 362,409 | 623,313 | 753,046 | 0 | 86,209 | 68,465 | 104,009 | 63,548 | 61,087 | 57,976 | 23,084 | 481,242 | 302,576 |
| total current liabilities | 387,000 | 380,000 | 697,153 | 1,843,868 | 2,058,194 | 1,143,086 | 516,367 | 107,852 | 2,648,231 | 496,953 | 417,974 | 184,059 | 108,633 | 1,089,471 | 374,670 |
| loans | 0 | 39,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,575,000 | 1,575,000 | 1,575,000 | 1,490,000 | 3,000,000 | 2,900,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 2,579,365 | 0 | 0 | 0 | 0 | 0 | 0 | 192,417 | 129,417 | 66,417 | 19,458 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 39,000 | 2,579,365 | 0 | 0 | 0 | 0 | 0 | 0 | 1,767,417 | 1,704,417 | 1,641,417 | 1,509,458 | 3,000,000 | 2,900,000 |
| total liabilities | 387,000 | 419,000 | 3,276,518 | 1,843,868 | 2,058,194 | 1,143,086 | 516,367 | 107,852 | 2,648,231 | 2,264,370 | 2,122,391 | 1,825,476 | 1,618,091 | 4,089,471 | 3,274,670 |
| net assets | 581,000 | 268,000 | -120,655 | -449,685 | -209,871 | -209,635 | -107,156 | 298,764 | -2,183,891 | -1,742,999 | -1,329,541 | -875,337 | -431,896 | -2,697,239 | -1,485,555 |
| total shareholders funds | 581,000 | 268,000 | -120,655 | -449,685 | -209,871 | -209,635 | -107,156 | 298,764 | -2,183,891 | -1,742,999 | -1,329,541 | -875,337 | -431,896 | -2,697,239 | -1,485,555 |
| Jan 2024 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 313,000 | 2,386,000 | -1,428,467 | -418,070 | -236 | -102,479 | -405,920 | -453,305 | -377,892 | -350,458 | -391,204 | -396,483 | -732,693 | -945,498 | -712,973 |
| Depreciation | 69,000 | 54,000 | 46,007 | 58,664 | 30,235 | 107,578 | 133,421 | 198,305 | 261,618 | 452,872 | 395,170 | 264,888 | 277,112 | 384,974 | 170,020 |
| Amortisation | 29,000 | 49,000 | 58,221 | 22,781 | 3,329 | 860 | 625 | 788 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | -22,000 | 1,764,495 | 178,256 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | -90,041 | -77,174 | 143,208 | -73,092 | 34,250 | 62,849 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 873,000 | -2,299,929 | 1,880,764 | -763,538 | 1,499,101 | 68,575 | -17,100 | -2,833 | 56,883 | 28,917 | 21,469 | -47,182 | -12,019 | -10,732 | 71,605 |
| Creditors | 23,000 | -282,744 | 146,835 | 47,912 | 105,543 | 17,396 | -4,118 | -55,476 | 40,527 | 11,215 | -6,951 | 25,101 | 50,521 | -23,687 | 30,447 |
| Accruals and Deferred Income | 364,000 | -34,409 | -260,904 | -129,733 | 753,046 | -86,209 | 17,744 | -35,544 | 40,461 | 2,461 | 3,111 | -423,266 | -458,158 | 178,666 | 302,576 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -75,000 | 4,539,817 | -1,477,403 | 380,140 | -534,092 | -303,762 | -342,562 | -91,381 | 87,173 | -21,343 | -482,578 | -851,199 | -394,813 | -281,535 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -1,032,646 | -132,505 | 1,165,151 | -413,100 | 394,889 | -618,942 | 239,873 | 65,303 | 237,755 | -507,247 | -573,201 | 559,822 | 41,647 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -844,356 | 844,356 | 0 | -1,830,417 | 1,830,417 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 39,000 | 0 | 0 | 0 | 0 | 0 | 0 | -1,575,000 | 0 | 0 | -1,425,000 | -1,510,000 | 100,000 | 2,900,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -2,579,365 | 2,579,365 | 0 | 0 | 0 | 0 | 0 | -192,417 | 63,000 | 63,000 | 66,417 | 19,458 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | -4,000 | -6,998 | 0 | 0 | 0 | -57,822 | -63,000 | -63,000 | -63,000 | -46,958 | -19,303 | -266,186 | -201,264 | |
| cash flow from financing | 268,000 | -4,515,710 | 1,539,721 | -132,505 | 320,795 | 394,889 | -1,928,229 | 239,873 | 65,303 | 237,755 | 352,555 | 934,293 | 393,636 | 2,169,065 | |
| cash and cash equivalents | |||||||||||||||
| cash | 0 | -58,437 | 41,047 | -10,353 | -71,591 | 8,324 | 49,354 | 32,184 | -308 | -45,047 | 30,360 | 1,892 | 50,471 | -9,189 | 39,764 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -58,437 | 41,047 | -10,353 | -71,591 | 8,324 | 49,354 | 32,184 | -308 | -45,047 | 30,360 | 1,892 | 50,471 | -9,189 | 39,764 |
velocity1 limited Credit Report and Business Information
Velocity1 Limited Competitor Analysis
Perform a competitor analysis for velocity1 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in BS21 area or any other competitors across 12 key performance metrics.
velocity1 limited Ownership
VELOCITY1 LIMITED group structure
Velocity1 Limited has no subsidiary companies.
Ultimate parent company
PROJECT HAWK TOPCO LTD
#0137408
2 parents
VELOCITY1 LIMITED
06240919
velocity1 limited directors
Velocity1 Limited currently has 3 directors. The longest serving directors include Mr Philip Slavin (Sep 2020) and Mr Timothy Pilcher (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Slavin | United Kingdom | 50 years | Sep 2020 | - | Director |
| Mr Timothy Pilcher | United Kingdom | 55 years | Jul 2022 | - | Director |
| Mrs Paula Benoit | United Kingdom | 54 years | Jul 2023 | - | Director |
P&L
January 2024turnover
555k
0%
operating profit
313k
0%
gross margin
75%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
581k
0%
total assets
968k
0%
cash
0
0%
net assets
Total assets minus all liabilities
velocity1 limited company details
company number
06240919
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
May 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2024
previous names
quintain communications limited (July 2008)
shelfco (no. 3416) limited (June 2007)
accountant
-
auditor
RSM UK AUDIT LLP
address
glide house, ground floor, building 4, clevedon, BS21 6UJ
Bank
BANK OF SCOTLAND
Legal Advisor
-
velocity1 limited Charges & Mortgages
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 4 charges/mortgages relating to velocity1 limited. Currently there are 1 open charges and 3 have been satisfied in the past.
velocity1 limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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velocity1 limited Companies House Filings - See Documents
| date | description | view/download |
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