Pomanda estimates the enterprise value of VEELOOP LIMITED at £121.8k based on a Turnover of £157k and 0.78x industry multiple (adjusted for size and gross margin).
veeloop limitedEstimated Valuation
£2.3k
Pomanda estimates the enterprise value of VEELOOP LIMITED at £2.3k based on an EBITDA of £487 and a 4.63x industry multiple (adjusted for size and gross margin).
veeloop limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VEELOOP LIMITED at £0 based on Net Assets of £-58k and 2.36x industry multiple (adjusted for liquidity).
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Veeloop LimitedOverview
Veeloop Limited is a live company located in essex, SS6 7UY with a Companies House number of 10667893. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 2017, it's largest shareholder is
rand adnan bennett
with a 57% stake. Veeloop Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£157k with
declining
growth in recent years.
Pomanda's financial health check has awarded Veeloop Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
3 Regular
6 Weak
Size
annual sales of £157k, make it smaller than the average company (£3.9m)
£157k - Veeloop Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (10.5%)
-26% - Veeloop Limited
10.5% - Industry AVG
Production
with a gross margin of 72%, this company has a comparable cost of product (72%)
72% - Veeloop Limited
72% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4%)
0.3% - Veeloop Limited
4% - Industry AVG
Employees
with 3 employees, this is below the industry average (34)
3 - Veeloop Limited
34 - Industry AVG
Pay Structure
on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)
£67.9k - Veeloop Limited
£67.9k - Industry AVG
Efficiency
resulting in sales per employee of £52.3k, this is less efficient (£120.3k)
£52.3k - Veeloop Limited
£120.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (59 days)
0 days - Veeloop Limited
59 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Veeloop Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Veeloop Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 21 weeks, this is average cash available to meet short term requirements (18 weeks)
21 weeks - Veeloop Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 619.7%, this is a higher level of debt than the average (59.7%)
619.7% - Veeloop Limited
59.7% - Industry AVG
VEELOOP LIMITED financials
EXPORT
Veeloop Limited's latest turnover from March 2024 is estimated at £157 thousand and the company has net assets of -£58 thousand. According to their latest financial statements, Veeloop Limited has 3 employees and maintains cash reserves of £10.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Turnover
156,969
174,118
207,001
394,097
205,450
2,759
Other Income Or Grants
Cost Of Sales
43,932
49,892
55,947
108,839
53,338
708
Gross Profit
113,037
124,226
151,054
285,258
152,112
2,051
Admin Expenses
112,550
136,678
218,186
362,161
330,432
16,444
15,309
Operating Profit
487
-12,452
-67,132
-76,903
-178,320
-14,393
-15,309
Interest Payable
5,322
5,026
3,340
1,525
Interest Receivable
609
826
256
62
41
3
1
Pre-Tax Profit
-4,226
-16,652
-70,216
-78,366
-178,279
-14,390
-15,308
Tax
Profit After Tax
-4,226
-16,652
-70,216
-78,366
-178,279
-14,390
-15,308
Dividends Paid
Retained Profit
-4,226
-16,652
-70,216
-78,366
-178,279
-14,390
-15,308
Employee Costs
203,652
262,300
304,248
225,691
114,365
60,406
Number Of Employees
3
4
5
4
2
1
EBITDA*
487
-12,452
-66,831
-76,601
-178,018
-14,393
-15,309
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Tangible Assets
301
603
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
301
603
Stock & work in progress
Trade Debtors
210
26
279
Group Debtors
Misc Debtors
394
1,605
3,553
3,010
980
344
172
Cash
10,550
12,661
26,196
42,024
81,173
420
270
misc current assets
total current assets
11,154
14,292
30,028
45,034
82,153
764
442
total assets
11,154
14,292
30,028
45,335
82,756
764
442
Bank overdraft
7,346
3,621
6,250
7,500
Bank loan
Trade Creditors
13
23
1,440
Group/Directors Accounts
17,719
other short term finances
hp & lease commitments
other current liabilities
18,612
18,913
18,138
22,210
13,546
19,021
15,749
total current liabilities
25,958
22,547
24,411
29,710
31,265
20,461
15,749
loans
38,165
45,488
42,708
42,500
hp & lease commitments
Accruals and Deferred Income
other liabilities
5,000
provisions
total long term liabilities
43,165
45,488
42,708
42,500
total liabilities
69,123
68,035
67,119
72,210
31,265
20,461
15,749
net assets
-57,969
-53,743
-37,091
-26,875
51,491
-19,697
-15,307
total shareholders funds
-57,969
-53,743
-37,091
-26,875
51,491
-19,697
-15,307
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Operating Activities
Operating Profit
487
-12,452
-67,132
-76,903
-178,320
-14,393
-15,309
Depreciation
301
302
302
Amortisation
Tax
Stock
Debtors
-1,027
-2,201
822
2,030
636
172
172
Creditors
-13
-10
23
-1,440
1,440
Accruals and Deferred Income
-301
775
-4,072
8,664
-5,475
3,272
15,749
Deferred Taxes & Provisions
Cash flow from operations
1,200
-9,486
-71,702
-69,967
-185,569
-9,853
268
Investing Activities
capital expenditure
-905
Change in Investments
cash flow from investments
-905
Financing Activities
Bank loans
Group/Directors Accounts
-17,719
17,719
Other Short Term Loans
Long term loans
-7,323
2,780
208
42,500
Hire Purchase and Lease Commitments
other long term liabilities
5,000
share issue
60,000
249,467
10,000
1
interest
-4,713
-4,200
-3,084
-1,463
41
3
1
cash flow from financing
-7,036
-1,420
57,124
23,318
267,227
10,003
2
cash and cash equivalents
cash
-2,111
-13,535
-15,828
-39,149
80,753
150
270
overdraft
3,725
-2,629
-1,250
7,500
change in cash
-5,836
-10,906
-14,578
-46,649
80,753
150
270
veeloop 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 veeloop limited. Get real-time insights into veeloop limited's credit score, group structure and payment trends.
Perform a competitor analysis for veeloop limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SS6 area or any other competitors across 12 key performance metrics.
veeloop limited Ownership
VEELOOP LIMITED group structure
Veeloop Limited has no subsidiary companies.
Ultimate parent company
VEELOOP LIMITED
10667893
VEELOOP LIMITED Shareholders
The largest shareholders in Veeloop Limited include Rand Adnan Bennett and Patricia Rocha-Salume.
rand adnan bennett
56.96%
patricia rocha-salume
20.01%
wcs nominees limited
10.22%
alexander james preston
5.95%
worth capital ltd
2.51%
5dc holding ag
1.86%
stuart lewis mcguire
0.93%
shahad atiya
0.63%
christopher hodgett-richardson
0.55%
25 lexington llp
0.38%
veeloop limited directors
Veeloop Limited currently has 3 directors.
The longest serving directors include
Mrs Rand Bennett (Mar 2017) and
Ms Patricia Rocha-Salume (Sep 2017).
62012 - Business and domestic software development
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
3 totman crescent, rayleigh, essex, SS6 7UY
Bank
-
Legal Advisor
-
veeloop 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 veeloop limited.
veeloop limited Capital Raised & Share Issues BETA
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veeloop limitedCompanies House Filings - See Documents
