Velocity Uk Limited

Velocity Uk Ltd, based in Sunderland, UK, is a large company with an active status, holding company, and a 27-year history. Employing 112 people, the company boasts assets of £2,862,151 and operates from a real address. With three directors and one owner, Velocity Uk Ltd runs an e-commerce site and has a Google rating of 4.0 based on 28 reviews. The company irregularly imports electrical machinery and equipment (last import December 2024) and regularly exports machinery, boilers, and mechanical appliances (last export June 2024).

Velocity Uk Ltd specializes in manufacturing equipment for concrete crushing, screening, and roadworks industries. They are pioneers of spray injection patching, a technology they export globally. Their website highlights their work with local authorities, emphasizing road repairs and preventative maintenance using Velocity Patching and Velocity Preservation, a treatment designed to extend road life. They also sell machines and offer recruitment services.

Financially, Velocity Uk Ltd presents a mixed picture. Current assets increased by 28% to £2,900,000, while net assets rose by 33% to £1,800,000. Bank borrowings remained unchanged at £1,400,000, and cash reserves increased by 290% to £1,100,000. Creditors decreased by 18%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million, balance sheet total over £18 million, and employees over 250. Although no auditor is mentioned, the financial statements are audited.

The increase in assets and cash reserves is encouraging, but the decrease in creditors could indicate tighter margins or delayed payments. The company’s focus on innovative technology and global exports, however, suggests a strong potential for continued growth, despite the challenges inherent in the construction and roadworks industries.

Registered in England/Wales under the registration number 03400231, with a registered address at SR1 2NL, United Kingdom, Sunderland, Woodbine Street.

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