velox logistics ltd
velox logistics ltd Company Information
Group Structure
View All
Industry
Unlicensed Carriers
Registered Address
33 mill ridge, edgware, HA8 7PE
Website
www.veloxlogistics.euvelox logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VELOX LOGISTICS LTD at £289.6k based on a Turnover of £839k and 0.35x industry multiple (adjusted for size and gross margin).
velox logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VELOX LOGISTICS LTD at £0 based on an EBITDA of £-53.6k and a 2.66x industry multiple (adjusted for size and gross margin).
velox logistics ltd Estimated Valuation
Pomanda estimates the enterprise value of VELOX LOGISTICS LTD at £87.1k based on Net Assets of £30.1k and 2.9x industry multiple (adjusted for liquidity).
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Velox Logistics Ltd Overview
Velox Logistics Ltd is a live company located in edgware, HA8 7PE with a Companies House number of 10820355. It operates in the other postal and courier activities sector, SIC Code 53202. Founded in June 2017, it's largest shareholder is paraskevas avraam with a 100% stake. Velox Logistics Ltd is a young, small sized company, Pomanda has estimated its turnover at £839k with high growth in recent years.
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Velox Logistics Ltd Health Check
Pomanda's financial health check has awarded Velox Logistics Ltd a 3 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 £839k, make it larger than the average company (£223.4k)
- Velox Logistics Ltd
£223.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (5.3%)
- Velox Logistics Ltd
5.3% - Industry AVG
Production
with a gross margin of 18.2%, this company has a higher cost of product (32.4%)
- Velox Logistics Ltd
32.4% - Industry AVG
Profitability
an operating margin of -6.4% make it less profitable than the average company (4.3%)
- Velox Logistics Ltd
4.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Velox Logistics Ltd
3 - Industry AVG
Pay Structure
on an average salary of £29.2k, the company has an equivalent pay structure (£29.2k)
- Velox Logistics Ltd
£29.2k - Industry AVG
Efficiency
resulting in sales per employee of £419.5k, this is more efficient (£100.1k)
- Velox Logistics Ltd
£100.1k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (48 days)
- Velox Logistics Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 107 days, this is slower than average (24 days)
- Velox Logistics Ltd
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velox Logistics Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Velox Logistics Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.7%, this is a higher level of debt than the average (69.5%)
88.7% - Velox Logistics Ltd
69.5% - Industry AVG
VELOX LOGISTICS LTD financials
Velox Logistics Ltd's latest turnover from June 2023 is estimated at £839 thousand and the company has net assets of £30.1 thousand. According to their latest financial statements, Velox Logistics Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 3 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 82,666 | 145,764 | 26,429 | 6,003 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 120 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 82,666 | 145,764 | 26,429 | 6,003 | 120 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 182,723 | 247,913 | 325,638 | 88,817 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 13,500 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 182,723 | 247,913 | 325,638 | 102,317 | 0 | 0 |
| total assets | 265,389 | 393,677 | 352,067 | 108,320 | 120 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 201,322 | 267,979 | 206,014 | 91,205 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 201,322 | 267,979 | 206,014 | 91,205 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 34,001 | 42,000 | 50,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 34,001 | 42,000 | 50,000 | 0 | 0 | 0 |
| total liabilities | 235,323 | 309,979 | 256,014 | 91,205 | 0 | 0 |
| net assets | 30,066 | 83,698 | 96,053 | 17,115 | 120 | 0 |
| total shareholders funds | 30,066 | 83,698 | 96,053 | 17,115 | 120 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -65,190 | -77,725 | 223,321 | 102,317 | 0 | 0 |
| Creditors | -66,657 | 61,965 | 114,809 | 91,205 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | -120 | 120 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -7,999 | -8,000 | 50,000 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
velox logistics ltd Credit Report and Business Information
Velox Logistics Ltd Competitor Analysis
Perform a competitor analysis for velox logistics ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in HA8 area or any other competitors across 12 key performance metrics.
velox logistics ltd Ownership
VELOX LOGISTICS LTD group structure
Velox Logistics Ltd has no subsidiary companies.
Ultimate parent company
VELOX LOGISTICS LTD
10820355
velox logistics ltd directors
Velox Logistics Ltd currently has 1 director, Mr Paraskevas Avraam serving since Jun 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paraskevas Avraam | United Kingdom | 43 years | Jun 2018 | - | Director |
P&L
June 2023turnover
839k
-26%
operating profit
-53.6k
0%
gross margin
18.2%
+0.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
30.1k
-0.64%
total assets
265.4k
-0.33%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
velox logistics ltd company details
company number
10820355
Type
Private limited with Share Capital
industry
53202 - Unlicensed Carriers
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
funance ltd (January 2019)
funny looking games ltd (June 2018)
accountant
-
auditor
-
address
33 mill ridge, edgware, HA8 7PE
Bank
-
Legal Advisor
-
velox logistics ltd 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 velox logistics ltd.
velox logistics ltd 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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velox logistics ltd Companies House Filings - See Documents
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