Velocity Workwear Ltd

Velocity Workwear Ltd, based in London, UK, is a small, holding company with an active status. Established twelve years ago in 2013, it employs just four people and holds £1,119,313 in assets. The company operates from a virtual address—a point of note as 8959 other companies are registered at the same location—and is led by one director and one owner. It runs an e-commerce site and regularly imports leather goods, travel bags, and animal harnesses, with the most recent import activity recorded fourteen months ago in February 2025.

The company’s website, Velocity Progear, focuses on manufacturing and selling tool bags and accessories for trade professionals. It’s a UK-based operation with a wide range of products, from backpacks and open totes to specialist tool bags and clothing. The site boasts a comprehensive catalog, a variety of shipping options, and a commitment to customer service. It also offers a range of accessories, including drill pods, work mats, and stickers, catering to a diverse range of trades.

Financially, Velocity Workwear Ltd appears to be in a reasonable position. Current assets have increased by 53%, reaching £1,100,000, while net assets have also grown by 46%, reaching £900,000. Cash bank on hand has seen a significant boost, increasing by 66% to £280,000. However, creditors have also risen substantially, with a 270% increase within one year, reaching £280,000. Trade debtors have doubled, suggesting a possible increase in sales on credit. 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 increase in creditors warrants monitoring. The accounts are unaudited, a common exemption for small companies, and no auditor is mentioned.

Overall, Velocity Workwear Ltd seems to be growing, but it’s important to keep an eye on its debt levels. The company’s focus on a specific niche—quality tool bags—and its online presence suggest a solid foundation for continued success, although a little more information would be helpful.

Registered in England/Wales under the registration number 08399497, with a registered address at EC1V 2NX, England, London, 124 City Road.

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