VELKOMIN DIGITAL TRADING LIMITED Credit Check Report

Company Overview

Velkomin Digital Trading Limited is a Active - Proposal to Strike off Private Limited Company. The company was incorporated on Thursday 29 August 2013, so this is a well established company. Velkomin Digital Trading Limited has been in business for 12 years and 7 months. The accounts status is unaudited abridged and the accounts are next due on Saturday 31 May 2025.

Registered Address

C/O Psf Accounting, 13 St. Mary's Street, Stamford, PE9 2DE

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Companies House Data

Company Name	VELKOMIN DIGITAL TRADING LIMITED
Company Number	08668428
Registered Office Address	C/O PSF ACCOUNTING
	13 ST. MARY'S STREET
	PE9 2DE
Company Category	Private Limited Company
Company Status	Active - Proposal to Strike off
Country of Origin	United Kingdom
Incorporation Date	29/08/2013
Accounting Reference Date Day	31
Accounting Reference Date Month	8
Accounts Next Due Date	31/05/2025
Accounts Last Made Up Date	31/08/2023
Accounts Account Category	UNAUDITED ABRIDGED
Returns Next Due Date	18/07/2017
Returns Last Made Up Date	20/06/2016

Directors & Members

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	Adam O'hara - Director (British, 41 years old, born November 1985) Appointed 17 May 2024	Active
	Jamie Rose - Director (English, 41 years old, born June 1985) Appointed 29 August 2013, Resigned 05 March 2024	Resigned
	Camilla Rose - Director (British, 36 years old, born October 1990) Appointed 23 March 2016, Resigned 05 March 2024	Resigned
	Camilla Rose - Director (British, 36 years old, born October 1990) Appointed 17 May 2024	Active
	Richard Sheppard - Director (British, 69 years old, born December 1957) Appointed 05 March 2024, Resigned 17 May 2024	Resigned

Secretaries

No Secretaries Appointed

Balance Sheet

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Accounts Date	31-Aug-2023	31-Aug-2022	31-Aug-2021
Balance Sheet
Fixed Assets	15,711	15,711	16,338
Current Assets	687,842	687,842	593,047
Creditors Due Within One Year	38,941	38,941	49,198
Working Cap	648,901	648,901	543,849
Total Assets Less Current Liabilities	664,612	664,612	560,187
Long-term Liabilities	0	0	0
Net Assets	664,612	664,612	560,187
Share Capital & Reserves
Share Cap	-	-	-
Profit & Loss Reserves	-	-	-
Other Reserves	-	-	-
Shareholders Funds	664,612	664,612	560,187

Common Size Financial Analysis

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Accounts Date	31-Aug-2023	31-Aug-2022	31-Aug-2021
Tangible Fixed Assets	-	-	-
Fixed Assets	2.2%	2.2%	2.7%
Stocks Inventory	-	-	-
Debtors	32.8%	32.8%	27.9%
Cash Bank In Hand	65.0%	65.0%	69.4%
Current Assets	97.8%	97.8%	97.3%
Creditors Due Within One Year	5.5%	5.5%	8.1%
Net Current Assets Liabilities	92.2%	92.2%	89.2%
Creditors Due After One Year	-	-	-
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	-	-	-
Called Up Share Capital	-	-	-
Share Capital Allotted Called Up Paid	-	-	-
Profit Loss Account Reserve	-	-	-
Shareholder Funds	94.5%	94.5%	91.9%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	94.5%	94.5%	91.9%

Financial Ratio Analysis

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Accounts Date	31-Aug-2023	31-Aug-2022	31-Aug-2021
Liquidity Ratio	17.7	17.7	12.1
Solvency Ratio	18.1	18.1	12.4
Reserves to Assets	-	-	-

Secured Creditors

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Mortgages Charges	1
Mortgages Outstanding	1
Mortgages Part Satisfied	0
Mortgages Satisfied	0

Assets and Debt Analysis

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Accounts Date	31-Aug-2023	31-Aug-2022	31-Aug-2021
Assets	703,553	703,553	609,385
Debt	38,941	38,941	49,198
Net Assets/Debt	664,612	664,612	560,187

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Active - Proposal to Strike off.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Active - Proposal to Strike off. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Active - Proposal to Strike off.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

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	DENHAMS (MARKET HARBOROUGH) LIMITED 2 THE SQUARE, MARKET HARBOROUGH, LEICESTERSHIRE, PE9 2DE
	THE TAYLOR TRENT GROUP LIMITED 1 St. Marys Street, Stamford, Lincolnshire, PE9 2DE
	BLACK ORCHID LIMITED 6 WOTHORPE VILLAS SECOND DRIFT, WOTHORPE, STAMFORD, PE9 2DE

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