Velo Tech Systems Ltd

Velo Tech Systems Ltd from Edinburgh UK: a small, active company founded nine years ago, employs nine people, and holds £1,114,113 in assets. It's a family business with a solo founder, managed by two directors and two owners. The company regularly imports and exports iron or steel products, with 11 months of import activity and 55 months of export activity.

The company operates a retail and B2B website, salesvelotechservices.co.uk, specializing in premium cycling solutions, clearance parts, and OEM cranksets. It caters to trade customers and offers a range of products from brands like Rotor, SPIUK, and Speedfil. The website also features a blog and a B2B login area, indicating a focus on both retail and wholesale channels. The business even has a showroom in Harrods, London.

Financially, Velo Tech Systems Ltd presents a mixed picture. Cash bank on hand decreased by 44% to £290,000, while debtors increased significantly by 47% to £590,000. Creditors also rose by 30% to £39,000. The company’s net assets remained stable at £890,000. A notable increase in finished goods inventory (80%) suggests potential growth in sales, but also a risk of obsolescence if not managed carefully. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased debt levels warrant attention. There was no auditor mentioned, likely due to the company’s small size and exemption from an audit.

Registered in Scotland under the registration number SC513084, with a registered address at EH6 5EU, Scotland, Edinburgh, 16 Cassels Lane.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.