Pomanda estimates the enterprise value of VELOCITY LINES LIMITED at £56.1k based on a Turnover of £213.8k and 0.26x industry multiple (adjusted for size and gross margin).
velocity lines limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VELOCITY LINES LIMITED at £0 based on an EBITDA of £-17.1k and a 2.4x industry multiple (adjusted for size and gross margin).
velocity lines limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VELOCITY LINES LIMITED at £0 based on Net Assets of £-13k and 2.32x industry multiple (adjusted for liquidity).
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Velocity Lines LimitedOverview
Velocity Lines Limited is a live company located in hamilton, ML3 7AG with a Companies House number of SC542218. It operates in the wholesale of waste and scrap sector, SIC Code 46770. Founded in August 2016, it's largest shareholder is
awais subhani
with a 100% stake. Velocity Lines Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£213.8k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Velocity Lines Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating0.5out of 5
0 Strong
1 Regular
8 Weak
Size
annual sales of £213.8k, make it smaller than the average company (£6.7m)
£213.8k - Velocity Lines Limited
£6.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Velocity Lines Limited
- - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (24.7%)
12.6% - Velocity Lines Limited
24.7% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (3.4%)
-8% - Velocity Lines Limited
3.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (22)
3 - Velocity Lines Limited
22 - Industry AVG
Pay Structure
on an average salary of £36.1k, the company has an equivalent pay structure (£36.1k)
£36.1k - Velocity Lines Limited
£36.1k - Industry AVG
Efficiency
resulting in sales per employee of £71.3k, this is less efficient (£293.4k)
£71.3k - Velocity Lines Limited
£293.4k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (29 days)
54 days - Velocity Lines Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (25 days)
0 days - Velocity Lines Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Velocity Lines Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Velocity Lines Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.5%, this is a higher level of debt than the average (60%)
140.5% - Velocity Lines Limited
60% - Industry AVG
VELOCITY LINES LIMITED financials
EXPORT
Velocity Lines Limited's latest turnover from August 2020 is estimated at £213.8 thousand and the company has net assets of -£13 thousand. According to their latest financial statements, Velocity Lines Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Turnover
213,800
248,519
6
Other Income Or Grants
Cost Of Sales
186,977
208,968
5
Gross Profit
26,822
39,551
1
Admin Expenses
43,959
34,489
Operating Profit
-17,137
5,062
1
Interest Payable
Interest Receivable
Pre-Tax Profit
-17,137
5,062
1
Tax
-962
Profit After Tax
-17,137
4,100
1
Dividends Paid
Retained Profit
-17,137
4,100
1
Employee Costs
108,201
174,175
33,460
Number Of Employees
3
5
1
EBITDA*
-17,137
5,062
1
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
32,152
4,571
1
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
32,152
4,571
1
total assets
32,152
4,571
1
Bank overdraft
Bank loan
Trade Creditors
188
470
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
188
470
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
45,000
provisions
total long term liabilities
45,000
total liabilities
45,188
470
net assets
-13,036
4,101
1
total shareholders funds
-13,036
4,101
1
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Operating Activities
Operating Profit
-17,137
5,062
1
Depreciation
Amortisation
Tax
-962
Stock
Debtors
27,581
4,570
1
Creditors
-282
470
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-45,000
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
45,000
share issue
interest
cash flow from financing
45,000
cash and cash equivalents
cash
overdraft
change in cash
velocity lines 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 velocity lines limited. Get real-time insights into velocity lines limited's credit score, group structure and payment trends.
Perform a competitor analysis for velocity lines limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in ML3 area or any other competitors across 12 key performance metrics.
velocity lines limited Ownership
VELOCITY LINES LIMITED group structure
Velocity Lines Limited has no subsidiary companies.
Ultimate parent company
VELOCITY LINES LIMITED
SC542218
VELOCITY LINES LIMITED Shareholders
The sole shareholder of Velocity Lines Limited is Awais Subhani.
awais subhani
100%
velocity lines limited directors
Velocity Lines Limited currently has 1 director, Mr Awais Subhani serving since Aug 2016.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2020
net assets
-13k
-4.18%
total assets
32.2k
+6.03%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
velocity lines limited company details
company number
SC542218
Type
Private limited with Share Capital
industry
47421 - Retail sale of mobile telephones in specialised stores
46770 - Wholesale of waste and scrap
82990 - Other business support service activities n.e.c.
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
August 2020
previous names
dream printo style limited (November 2017)
accountant
-
auditor
-
address
81 quarry street, hamilton, ML3 7AG
Bank
-
Legal Advisor
-
velocity lines 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 lines limited.
velocity lines 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.
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velocity lines limitedCompanies House Filings - See Documents
