velocity credit income i limited
velocity credit income i limited Company Information
Company Number
12952095
Website
-Registered Address
eagle house 5th floor, 50 marshall street, london, W1F 9BQ
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Telephone
-
Next Accounts Due
70 days late
Group Structure
View All
Shareholders
wcs nominees limited 100%
velocity credit income i limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY CREDIT INCOME I LIMITED at £498.2k based on a Turnover of £351.2k and 1.42x industry multiple (adjusted for size and gross margin).
velocity credit income i limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY CREDIT INCOME I LIMITED at £0 based on an EBITDA of £-147 and a 4.3x industry multiple (adjusted for size and gross margin).
velocity credit income i limited Estimated Valuation
Pomanda estimates the enterprise value of VELOCITY CREDIT INCOME I LIMITED at £24.9k based on Net Assets of £12.4k and 2.01x industry multiple (adjusted for liquidity).
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Velocity Credit Income I Limited Overview
Velocity Credit Income I Limited is a live company located in london, W1F 9BQ with a Companies House number of 12952095. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in October 2020, it's largest shareholder is wcs nominees limited with a 100% stake. Velocity Credit Income I Limited is a startup, micro sized company, Pomanda has estimated its turnover at £351.2k with unknown growth in recent years.
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Velocity Credit Income I Limited Health Check
Pomanda's financial health check has awarded Velocity Credit Income I Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
3 Weak
Size
annual sales of £351.2k, make it smaller than the average company (£3.1m)
- Velocity Credit Income I Limited
£3.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Velocity Credit Income I Limited
- - Industry AVG
Production
with a gross margin of 67.7%, this company has a comparable cost of product (67.7%)
- Velocity Credit Income I Limited
67.7% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (24.2%)
- Velocity Credit Income I Limited
24.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Velocity Credit Income I Limited
5 - Industry AVG
Pay Structure
on an average salary of £64.6k, the company has an equivalent pay structure (£64.6k)
- Velocity Credit Income I Limited
£64.6k - Industry AVG
Efficiency
resulting in sales per employee of £351.2k, this is equally as efficient (£351.2k)
- Velocity Credit Income I Limited
£351.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Velocity Credit Income I Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Velocity Credit Income I Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Velocity Credit Income I Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 109 weeks, this is more cash available to meet short term requirements (15 weeks)
109 weeks - Velocity Credit Income I Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.6%, this is a lower level of debt than the average (91.8%)
4.6% - Velocity Credit Income I Limited
91.8% - Industry AVG
VELOCITY CREDIT INCOME I LIMITED financials
Velocity Credit Income I Limited's latest turnover from October 2022 is estimated at £351.2 thousand and the company has net assets of £12.4 thousand. According to their latest financial statements, Velocity Credit Income I Limited has 1 employee and maintains cash reserves of £1.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | |
|---|---|---|
| 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 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 11,750 | 1,750 |
| Misc Debtors | 0 | 0 |
| Cash | 1,260 | 11,267 |
| misc current assets | 0 | 0 |
| total current assets | 13,010 | 13,017 |
| total assets | 13,010 | 13,017 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 601 | 601 |
| total current liabilities | 601 | 601 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 601 | 601 |
| net assets | 12,409 | 12,416 |
| total shareholders funds | 12,409 | 12,416 |
| Oct 2022 | Oct 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 10,000 | 1,750 |
| Creditors | 0 | 0 |
| Accruals and Deferred Income | 0 | 601 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | -10,007 | 11,267 |
| overdraft | 0 | 0 |
| change in cash | -10,007 | 11,267 |
velocity credit income i limited Credit Report and Business Information
Velocity Credit Income I Limited Competitor Analysis
Perform a competitor analysis for velocity credit income i limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in W1F area or any other competitors across 12 key performance metrics.
velocity credit income i limited Ownership
VELOCITY CREDIT INCOME I LIMITED group structure
Velocity Credit Income I Limited has no subsidiary companies.
Ultimate parent company
VELOCITY CREDIT INCOME I LIMITED
12952095
velocity credit income i limited directors
Velocity Credit Income I Limited currently has 2 directors. The longest serving directors include Mr James Strachwitz (Oct 2020) and Mr Rajeev Saxena (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Strachwitz | 59 years | Oct 2020 | - | Director | |
| Mr Rajeev Saxena | England | 58 years | Sep 2023 | - | Director |
P&L
October 2022turnover
351.2k
+5%
operating profit
-147.9
0%
gross margin
67.7%
-1.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
12.4k
0%
total assets
13k
0%
cash
1.3k
-0.89%
net assets
Total assets minus all liabilities
Similar Companies
velocity credit income i limited company details
company number
12952095
Type
Private limited with Share Capital
industry
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
October 2020
age
4
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2022
address
eagle house 5th floor, 50 marshall street, london, W1F 9BQ
accountant
-
auditor
-
velocity credit income i 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 credit income i limited.
velocity credit income i limited Companies House Filings - See Documents
| date | description | view/download |
|---|
