velocity transport solutions limited
velocity transport solutions limited Company Information
Company Number
10270494
Next Accounts
Sep 2025
Shareholders
velocity uk limited
Group Structure
View All
Industry
Freight transport by road
Registered Address
woodbine street, sunderland, SR1 2NL
Website
www.velocitypatching.comvelocity transport solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY TRANSPORT SOLUTIONS LIMITED at £1.6m based on a Turnover of £3m and 0.52x industry multiple (adjusted for size and gross margin).
velocity transport solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY TRANSPORT SOLUTIONS LIMITED at £499.4k based on an EBITDA of £129.6k and a 3.85x industry multiple (adjusted for size and gross margin).
velocity transport solutions limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY TRANSPORT SOLUTIONS LIMITED at £581.3k based on Net Assets of £242.8k and 2.39x industry multiple (adjusted for liquidity).
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Velocity Transport Solutions Limited Overview
Velocity Transport Solutions Limited is a live company located in sunderland, SR1 2NL with a Companies House number of 10270494. It operates in the freight transport by road sector, SIC Code 49410. Founded in July 2016, it's largest shareholder is velocity uk limited with a 100% stake. Velocity Transport Solutions Limited is a young, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.
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Velocity Transport Solutions Limited Health Check
Pomanda's financial health check has awarded Velocity Transport Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £3m, make it smaller than the average company (£10.8m)
- Velocity Transport Solutions Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.9%)
- Velocity Transport Solutions Limited
8.9% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (22.1%)
- Velocity Transport Solutions Limited
22.1% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (5.1%)
- Velocity Transport Solutions Limited
5.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (65)
10 - Velocity Transport Solutions Limited
65 - Industry AVG
Pay Structure
on an average salary of £40.8k, the company has an equivalent pay structure (£40.8k)
- Velocity Transport Solutions Limited
£40.8k - Industry AVG
Efficiency
resulting in sales per employee of £301.3k, this is more efficient (£141.6k)
- Velocity Transport Solutions Limited
£141.6k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (52 days)
- Velocity Transport Solutions Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (30 days)
- Velocity Transport Solutions Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velocity Transport Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (13 weeks)
9 weeks - Velocity Transport Solutions Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.1%, this is a higher level of debt than the average (60.7%)
75.1% - Velocity Transport Solutions Limited
60.7% - Industry AVG
VELOCITY TRANSPORT SOLUTIONS LIMITED financials
Velocity Transport Solutions Limited's latest turnover from December 2023 is estimated at £3 million and the company has net assets of £242.8 thousand. According to their latest financial statements, Velocity Transport Solutions Limited has 10 employees and maintains cash reserves of £119.7 thousand 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 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 10 | 13 | 12 | 11 | 5 | 3 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 101,326 | 3,997 | 2,196 | 2,306 | ||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 101,326 | 3,997 | 2,196 | 2,306 | ||||
| Stock & work in progress | ||||||||
| Trade Debtors | 617,005 | 699,629 | 532,475 | 497,641 | 498,467 | 347,629 | 303,958 | 94,626 |
| Group Debtors | ||||||||
| Misc Debtors | 136,100 | 137,664 | 47,006 | 63,352 | 44,298 | 21,499 | 19,457 | 25,434 |
| Cash | 119,742 | 163,657 | 231,817 | 159,452 | 31,455 | 99,469 | 147,444 | 10,716 |
| misc current assets | ||||||||
| total current assets | 872,847 | 1,000,950 | 811,298 | 720,445 | 574,220 | 468,597 | 470,859 | 130,776 |
| total assets | 974,173 | 1,004,947 | 813,494 | 722,751 | 574,220 | 468,597 | 470,859 | 130,776 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 276,276 | 246,228 | 108,066 | 90,430 | 29,018 | 12,239 | 2,361 | 31,109 |
| Group/Directors Accounts | 191,483 | 483,553 | 467,636 | 501,079 | 490,785 | 436,547 | 462,832 | 89,519 |
| other short term finances | ||||||||
| hp & lease commitments | 14,959 | |||||||
| other current liabilities | 165,095 | 128,909 | 122,716 | 105,615 | 31,155 | 13,604 | 11,216 | 16,976 |
| total current liabilities | 647,813 | 858,690 | 698,418 | 697,124 | 550,958 | 462,390 | 476,409 | 137,604 |
| loans | ||||||||
| hp & lease commitments | 58,435 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 25,118 | 785 | 338 | 215 | ||||
| total long term liabilities | 83,553 | 785 | 338 | 215 | ||||
| total liabilities | 731,366 | 859,475 | 698,756 | 697,339 | 550,958 | 462,390 | 476,409 | 137,604 |
| net assets | 242,807 | 145,472 | 114,738 | 25,412 | 23,262 | 6,207 | -5,550 | -6,828 |
| total shareholders funds | 242,807 | 145,472 | 114,738 | 25,412 | 23,262 | 6,207 | -5,550 | -6,828 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 7,269 | 1,074 | 851 | 691 | ||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | -84,188 | 257,812 | 18,488 | 18,228 | 173,637 | 45,713 | 203,355 | 120,060 |
| Creditors | 30,048 | 138,162 | 17,636 | 61,412 | 16,779 | 9,878 | -28,748 | 31,109 |
| Accruals and Deferred Income | 36,186 | 6,193 | 17,101 | 74,460 | 17,551 | 2,388 | -5,760 | 16,976 |
| Deferred Taxes & Provisions | 24,333 | 447 | 123 | 215 | ||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -292,070 | 15,917 | -33,443 | 10,294 | 54,238 | -26,285 | 373,313 | 89,519 |
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | 73,394 | |||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -43,915 | -68,160 | 72,365 | 127,997 | -68,014 | -47,975 | 136,728 | 10,716 |
| overdraft | ||||||||
| change in cash | -43,915 | -68,160 | 72,365 | 127,997 | -68,014 | -47,975 | 136,728 | 10,716 |
velocity transport solutions limited Credit Report and Business Information
Velocity Transport Solutions Limited Competitor Analysis
Perform a competitor analysis for velocity transport solutions limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in SR1 area or any other competitors across 12 key performance metrics.
velocity transport solutions limited Ownership
VELOCITY TRANSPORT SOLUTIONS LIMITED group structure
Velocity Transport Solutions Limited has no subsidiary companies.
Ultimate parent company
2 parents
VELOCITY TRANSPORT SOLUTIONS LIMITED
10270494
velocity transport solutions limited directors
Velocity Transport Solutions Limited currently has 3 directors. The longest serving directors include Mr Dominic Gardner (Jul 2016) and Mr John Reece (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dominic Gardner | United Kingdom | 44 years | Jul 2016 | - | Director |
| Mr John Reece | United Kingdom | 63 years | Dec 2022 | - | Director |
| Mr Lee Gray | United Kingdom | 31 years | Jul 2024 | - | Director |
P&L
December 2023turnover
3m
-2%
operating profit
122.3k
0%
gross margin
22.2%
+4.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
242.8k
+0.67%
total assets
974.2k
-0.03%
cash
119.7k
-0.27%
net assets
Total assets minus all liabilities
velocity transport solutions limited company details
company number
10270494
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
incorporation date
July 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
AZETS AUDIT SERVICES
auditor
-
address
woodbine street, sunderland, SR1 2NL
Bank
-
Legal Advisor
-
velocity transport solutions 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 did not find charges/mortgages relating to velocity transport solutions limited.
velocity transport solutions 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 TRANSPORT SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
velocity transport solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
