velvet solutions ltd
velvet solutions ltd Company Information
Group Structure
View All
Industry
Activities of business and employers membership organisations
+2Registered Address
suite 3, 567 fulham road, london, SW6 1ES
Website
-velvet solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET SOLUTIONS LTD at £22.6k based on a Turnover of £57.9k and 0.39x industry multiple (adjusted for size and gross margin).
velvet solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET SOLUTIONS LTD at £0 based on an EBITDA of £-9.7k and a 2.94x industry multiple (adjusted for size and gross margin).
velvet solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of VELVET SOLUTIONS LTD at £108 based on Net Assets of £42 and 2.57x industry multiple (adjusted for liquidity).
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Velvet Solutions Ltd Overview
Velvet Solutions Ltd is a live company located in london, SW6 1ES with a Companies House number of 11192199. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 2018, it's largest shareholder is george rurua with a 100% stake. Velvet Solutions Ltd is a young, micro sized company, Pomanda has estimated its turnover at £57.9k with high growth in recent years.
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Velvet Solutions Ltd Health Check
Pomanda's financial health check has awarded Velvet Solutions Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £57.9k, make it smaller than the average company (£5.3m)
- Velvet Solutions Ltd
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.9%)
- Velvet Solutions Ltd
3.9% - Industry AVG
Production
with a gross margin of 27.3%, this company has a higher cost of product (54.4%)
- Velvet Solutions Ltd
54.4% - Industry AVG
Profitability
an operating margin of -16.7% make it less profitable than the average company (5.5%)
- Velvet Solutions Ltd
5.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
1 - Velvet Solutions Ltd
18 - Industry AVG
Pay Structure
on an average salary of £45k, the company has an equivalent pay structure (£45k)
- Velvet Solutions Ltd
£45k - Industry AVG
Efficiency
resulting in sales per employee of £57.9k, this is less efficient (£197.3k)
- Velvet Solutions Ltd
£197.3k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (53 days)
- Velvet Solutions Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (38 days)
- Velvet Solutions Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velvet Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Velvet Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (48.8%)
99.7% - Velvet Solutions Ltd
48.8% - Industry AVG
VELVET SOLUTIONS LTD financials
Velvet Solutions Ltd's latest turnover from February 2023 is estimated at £57.9 thousand and the company has net assets of £42. According to their latest financial statements, Velvet Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 887 | 336 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 887 | 336 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 14,714 | 31,264 | 27,182 | 1,906 | 1 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,714 | 31,264 | 27,182 | 1,906 | 1 |
| total assets | 15,601 | 31,600 | 27,182 | 1,906 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 5,100 | 6,499 | 4,434 | 560 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,100 | 6,499 | 4,434 | 560 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 10,459 | 15,375 | 19,125 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,459 | 15,375 | 19,125 | 0 | 0 |
| total liabilities | 15,559 | 21,874 | 23,559 | 560 | 0 |
| net assets | 42 | 9,726 | 3,623 | 1,346 | 1 |
| total shareholders funds | 42 | 9,726 | 3,623 | 1,346 | 1 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -16,550 | 4,082 | 25,276 | 1,905 | 1 |
| Creditors | -1,399 | 2,065 | 3,874 | 560 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -4,916 | -3,750 | 19,125 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
velvet solutions ltd Credit Report and Business Information
Velvet Solutions Ltd Competitor Analysis
Perform a competitor analysis for velvet solutions ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SW6 area or any other competitors across 12 key performance metrics.
velvet solutions ltd Ownership
VELVET SOLUTIONS LTD group structure
Velvet Solutions Ltd has no subsidiary companies.
Ultimate parent company
VELVET SOLUTIONS LTD
11192199
velvet solutions ltd directors
Velvet Solutions Ltd currently has 1 director, Mr George Rurua serving since Feb 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Rurua | United Kingdom | 38 years | Feb 2018 | - | Director |
P&L
February 2023turnover
57.9k
-25%
operating profit
-9.7k
0%
gross margin
27.3%
-3.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
42
-1%
total assets
15.6k
-0.51%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
velvet solutions ltd company details
company number
11192199
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
94110 - Activities of business and employers membership organisations
46900 - Non-specialised wholesale trade
incorporation date
February 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
suite 3, 567 fulham road, london, SW6 1ES
Bank
-
Legal Advisor
-
velvet solutions 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 velvet solutions ltd.
velvet solutions 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.
Click to start generating capital raising & share issue transactions for VELVET SOLUTIONS LTD. This can take several minutes, an email will notify you when this has completed.
velvet solutions ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
