Veloces Of London Limited

Veloces Of London Ltd from Barnet, UK, is a small holding company with an active status, established 23 years ago in 2001. Employing ten people, the company holds £457,988 in assets and operates from a real address. It's managed by three directors and has one owner. A Google rating of 5.0 based on 233 reviews suggests high customer satisfaction. The company regularly imports vehicles, parts, and accessories (excluding trains and trams), with eight months of import activity recorded.

The company’s website, Veloces Of London, appears to focus on the sale of new cars and light motor vehicles. It's a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company is owned by Veloces Of London Holdings Ltd, and its directors are Nanasbaum Sara, Nanasbaum Paul, and Nanasbaum Sara.

Financially, Veloces Of London Ltd shows some concerning trends. Cash reserves have plummeted 95%, dropping to a mere £8,700. Current assets have also seen a significant decrease, falling 49% to £460,000. Trade debtors have been hit particularly hard, shrinking 66% to £61,000. On a more positive note, creditors have decreased by 8.1%, suggesting improved debt management. Bank borrowings have also decreased, but the large drop in cash and assets is a cause for concern. The company’s property, plant, and equipment have increased substantially, by 38%, to £1.1 million, but depreciation has also increased. The company is exempt from an audit as a small company.

Overall, Veloces Of London Ltd is facing financial headwinds, despite its strong Google rating and active import business. The decrease in cash and assets, while partially offset by improved creditor management, warrants close monitoring.

Registered in England/Wales under the registration number 04245849, with a registered address at EN4 9PA, Barnet, Hertfordshire, Warwick Yard, 183 Victoria Road.

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