Velocity London Ltd

Velocity London Ltd is a small, active company based in Epping, UK, established six years ago in January 2019. With a real registered address and a reported six employees, the firm holds £283,955 in assets. It's a solo-founded operation, managed by one director and owner, Epstein Moses. The company operates in the other business support service activities n.e.c. industries.

The business engages in irregular import and export activities. It imports optical and medical tools and devices, with one month of import activity recorded as of January 2025. It also exports essential oils and perfumes, with one month of export activity as of November 2024. While the company’s website isn’t available, this suggests a focus on niche product sourcing and distribution, possibly catering to specialized markets.

Financially, Velocity London Ltd presents a mixed picture. Current assets increased by a significant 63% to £280,000, while net assets grew by 62% to £96,000. However, bank borrowings decreased by 30% to £23,000, and cash reserves plummeted 89% to just £6,900. Trade debtors increased by 120% to £250,000, which could indicate a reliance on customer payments or a shift in credit terms. The company meets two of three criteria for being a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

The sharp decline in cash reserves, despite increased assets, is a potential concern. It suggests the company might be reinvesting heavily in its business, or possibly facing cash flow challenges. The increase in trade debtors could also be a sign of delayed payments. While the company's financial health isn't dire, it’s worth monitoring its cash flow and debt management closely.

Registered in England/Wales under the registration number 11780938, with a registered address at CM16 6HR, England, Epping, Hanger 5, Merlin Way, North Weald.

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