Velocetec Ltd

Velocetec Ltd, based in Havant, UK, is a small holding company with an active status, established seven years ago in 2018. The company employs 29 people and holds £1,479,690 in assets, operating from a virtual address—a detail worth noting as seventy-seven companies are registered at the same location. Led by four directors and owned by one individual, Velocetec focuses on manufacturing and toolmaking services.

The company’s website clearly outlines its business: bespoke manufacturing and toolmaking for precision-cut and finished parts, prototypes, and tools. They cater to sectors like motorsport, automotive, and composite manufacturing, offering services from machining to finishing and inspection. The website gives a strong impression of a customer-focused operation, emphasizing quality, on-time delivery, and a trusted team. They even have a section for technical partners, which is a nice touch.

Financially, Velocetec Ltd presents a mixed picture. While the company’s net assets increased by 1.9% to £620,000, current assets decreased by 15% to £1,500,000. Bank borrowings decreased by 44% to £190,000, and cash reserves declined by 18% to £180,000. Trade creditors decreased by 10%, which is a positive sign. The company’s size—meeting two of three criteria for a small company—allows for agility, but the decrease in current assets could be a concern. It’s worth noting that the company is exempt from an audit, so the figures are unaudited. The company’s turnover is not mentioned in the report, but it’s likely to be under £10.2 million.

Registered in England/Wales under the registration number 11318494, with a registered address at PO9 1QU, United Kingdom, Havant, Hampshire, Station House, North Street.

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