Pomanda estimates the enterprise value of VELOCITY MOBILE LIMITED at £4.3m based on a Turnover of £4.5m and 0.96x industry multiple (adjusted for size and gross margin).
velocity mobile limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VELOCITY MOBILE LIMITED at £0 based on an EBITDA of £-17.9m and a 6.51x industry multiple (adjusted for size and gross margin).
velocity mobile limitedEstimated Valuation
£37.5m
Pomanda estimates the enterprise value of VELOCITY MOBILE LIMITED at £37.5m based on Net Assets of £16.7m and 2.25x industry multiple (adjusted for liquidity).
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Velocity Mobile LimitedOverview
Velocity Mobile Limited is a live company located in london, EC1Y 8AF with a Companies House number of 08973073. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2014, it's largest shareholder is
capital one financial corporation
with a 100% stake. Velocity Mobile Limited is a established,
small sized company, Pomanda has estimated its turnover at
£4.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Velocity Mobile Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
1 Regular
5 Weak
Size
annual sales of £4.5m, make it smaller than the average company (£7.4m)
£4.5m - Velocity Mobile Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (9.1%)
-12% - Velocity Mobile Limited
9.1% - Industry AVG
Production
with a gross margin of 70.5%, this company has a lower cost of product (50.1%)
70.5% - Velocity Mobile Limited
50.1% - Industry AVG
Profitability
an operating margin of -405.7% make it less profitable than the average company (4%)
-405.7% - Velocity Mobile Limited
4% - Industry AVG
Employees
with 6 employees, this is below the industry average (43)
6 - Velocity Mobile Limited
43 - Industry AVG
Pay Structure
on an average salary of £177.4k, the company has a higher pay structure (£72.6k)
£177.4k - Velocity Mobile Limited
£72.6k - Industry AVG
Efficiency
resulting in sales per employee of £743.8k, this is more efficient (£178.2k)
£743.8k - Velocity Mobile Limited
£178.2k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (51 days)
41 days - Velocity Mobile Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 184 days, this is slower than average (34 days)
184 days - Velocity Mobile Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Velocity Mobile Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 114 weeks, this is more cash available to meet short term requirements (13 weeks)
114 weeks - Velocity Mobile Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.4%, this is a lower level of debt than the average (63.8%)
44.4% - Velocity Mobile Limited
63.8% - Industry AVG
VELOCITY MOBILE LIMITED financials
EXPORT
Velocity Mobile Limited's latest turnover from April 2024 is £4.5 million and the company has net assets of £16.7 million. According to their latest financial statements, Velocity Mobile Limited has 6 employees and maintains cash reserves of £29.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Turnover
4,462,599
7,036,392
10,300,160
6,507,281
7,198,164
7,824,322
2,635,672
277,523
-83,473
770,562
Other Income Or Grants
2,274
127,391
314,951
Cost Of Sales
1,320,886
3,122,016
4,870,961
3,054,743
2,355,900
5,126,141
1,243,834
215,230
108,865
356,342
Gross Profit
3,143,987
3,914,376
5,556,590
3,767,489
4,842,264
2,698,181
1,391,838
62,293
-192,338
414,220
Admin Expenses
21,248,018
9,997,987
8,754,782
6,508,557
8,288,533
8,371,014
12,049,380
7,190,357
9,188,550
1,411,834
Operating Profit
-18,104,031
-6,083,611
-3,198,192
-2,741,068
-3,446,269
-5,672,833
-10,657,542
-7,128,064
-9,380,888
-997,614
Interest Payable
9,270
4,378
71,905
186,821
124,087
8,117
Interest Receivable
2,820
642
18
42
406
1,002
5
31
322
171
Pre-Tax Profit
-14,208,640
-11,770,206
-3,270,079
-2,927,847
-3,569,950
-5,679,947
-10,657,537
-7,128,033
-9,380,566
-997,443
Tax
56,211
-729
289,743
390,248
427,616
381,833
372,396
328,643
Profit After Tax
-14,152,429
-11,770,206
-3,270,808
-2,638,104
-3,179,702
-5,252,331
-10,275,704
-6,755,637
-9,051,923
-997,443
Dividends Paid
Retained Profit
-14,152,429
-11,770,206
-3,270,808
-2,638,104
-3,179,702
-5,252,331
-10,275,704
-6,755,637
-9,051,923
-997,443
Employee Costs
1,064,402
5,613,821
5,219,794
3,151,499
3,266,969
2,993,805
3,214,808
2,895,862
53,446
273,177
Number Of Employees
6
61
74
50
55
50
56
52
1
5
EBITDA*
-17,898,770
-5,453,885
-2,673,258
-1,299,325
-1,866,025
-4,156,449
-9,323,292
-5,974,712
-9,355,570
-996,459
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Tangible Assets
141,317
211,463
28,789
105,395
116,397
177,725
101,200
149,897
11,150
Intangible Assets
1,339,505
786,998
770,639
1,628,205
2,700,565
3,531,174
4,212,625
4,704,840
297
Investments & Other
4,000
1
Debtors (Due After 1 year)
Total Fixed Assets
1,480,822
1,002,461
799,428
1,733,600
2,816,962
3,708,899
4,313,825
4,854,737
11,448
Stock & work in progress
423,619
471,468
257,412
495,781
149,058
183,233
109,040
Trade Debtors
511,705
821,832
694,430
370,116
529,774
169,137
678,021
63,624
65,209
87,704
Group Debtors
13,219,989
Misc Debtors
143,031
62,945
379,520
1,021,698
799,915
240,368
1,018,466
652,841
Cash
29,339,929
2,405,468
4,510,640
1,658,850
1,192,322
585,452
1,040,721
4,381,511
1,081,513
68,357
misc current assets
total current assets
29,994,665
16,933,853
6,056,058
2,286,378
3,239,575
1,703,562
2,142,343
5,572,641
1,799,563
156,061
total assets
29,994,665
18,414,675
7,058,519
3,085,806
4,973,175
4,520,524
5,851,242
9,886,466
6,654,300
167,509
Bank overdraft
Bank loan
Trade Creditors
667,136
967,394
1,259,665
876,931
733,603
912,249
857,275
301,528
564,940
338,096
Group/Directors Accounts
11,843,327
other short term finances
10,648
874,284
448,593
779,067
hp & lease commitments
other current liabilities
797,702
3,182,456
6,711,797
2,341,072
2,566,878
2,021,440
1,453,896
835,428
297,699
total current liabilities
13,308,165
4,160,498
8,845,746
3,666,596
3,300,481
3,712,756
2,311,171
1,136,956
862,639
338,096
loans
19,978
558,713
228,754
2,026,115
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,170,992
645,362
provisions
27,762
total long term liabilities
19,978
558,713
228,754
1,170,992
645,362
27,762
2,026,115
total liabilities
13,308,165
4,180,476
9,404,459
3,895,350
4,471,473
4,358,118
2,338,933
1,136,956
2,888,754
338,096
net assets
16,686,500
14,234,199
-2,345,940
-809,544
501,702
162,406
3,512,309
8,749,510
3,765,546
-170,587
total shareholders funds
16,686,500
14,234,199
-2,345,940
-809,544
501,702
162,406
3,512,309
8,749,510
3,765,546
-170,587
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Operating Activities
Operating Profit
-18,104,031
-6,083,611
-3,198,192
-2,741,068
-3,446,269
-5,672,833
-10,657,542
-7,128,064
-9,380,888
-997,614
Depreciation
1,022
70,219
31,203
76,607
83,108
96,281
71,198
104,827
16,400
1,132
Amortisation
204,239
559,507
493,731
1,365,136
1,497,136
1,420,103
1,263,052
1,048,525
8,918
23
Tax
56,211
-729
289,743
390,248
427,616
381,833
372,396
328,643
Stock
-423,619
-47,849
214,056
-238,369
346,723
-34,175
74,193
109,040
Debtors
-13,450,030
13,030,816
703,834
-1,181,356
582,420
50,663
-163,701
364,040
630,346
87,704
Creditors
-300,258
-292,271
382,734
143,328
-178,646
54,974
555,747
-263,412
226,844
338,096
Accruals and Deferred Income
-2,384,754
-3,529,341
4,370,725
-225,806
545,438
567,544
618,468
537,729
297,699
Deferred Taxes & Provisions
-27,762
27,762
Cash flow from operations
-6,653,922
-22,258,464
1,161,582
327,665
-2,038,128
-3,150,565
-7,649,974
-5,801,079
-9,132,730
-746,067
Investing Activities
capital expenditure
1,275,561
-1,112,087
-507,571
-496,882
-624,447
-729,324
-612,440
-4,868,608
-12,602
Change in Investments
-4,000
4,000
-1
1
cash flow from investments
1,275,561
-1,108,087
-4,000
-507,571
-496,882
-624,447
-729,324
-612,440
-4,868,607
-12,603
Financing Activities
Bank loans
Group/Directors Accounts
11,843,327
Other Short Term Loans
-10,648
-863,636
425,691
448,593
-779,067
779,067
Long term loans
-19,978
-538,735
329,959
228,754
-2,026,115
2,026,115
Hire Purchase and Lease Commitments
other long term liabilities
-1,170,992
525,630
645,362
share issue
16,604,730
28,350,345
1,734,412
1,326,858
3,518,998
1,902,428
5,038,503
11,739,601
12,988,056
826,856
interest
-6,450
-3,736
-71,887
-186,779
-123,681
-7,115
5
31
322
171
cash flow from financing
28,410,981
26,944,238
2,418,175
646,434
3,141,880
3,319,742
5,038,508
9,713,517
15,014,493
827,027
cash and cash equivalents
cash
26,934,461
-2,105,172
2,851,790
466,528
606,870
-455,269
-3,340,790
3,299,998
1,013,156
68,357
overdraft
change in cash
26,934,461
-2,105,172
2,851,790
466,528
606,870
-455,269
-3,340,790
3,299,998
1,013,156
68,357
velocity mobile limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for velocity mobile limited. Get real-time insights into velocity mobile limited's credit score, group structure and payment trends.
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velocity mobile limited Ownership
VELOCITY MOBILE LIMITED group structure
Velocity Mobile Limited has 3 subsidiary companies.
62090 - Other information technology and computer service activities
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
capital one (9th & 10th floor), 1 old street yard, london, EC1Y 8AF
Bank
-
Legal Advisor
-
velocity mobile 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 2 charges/mortgages relating to velocity mobile limited. Currently there are 0 open charges and 2 have been satisfied in the past.
velocity mobile 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.
Click to start generating capital raising & share issue transactions for VELOCITY MOBILE LIMITED. This can take several minutes, an email will notify you when this has completed.
velocity mobile limitedCompanies House Filings - See Documents
