Company Overview
Velo Bicycles Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 19 October 2015, so this is a well established company. Velo Bicycles Limited has been in business for 10 years and 5 months. The accounts status is micro entity and the accounts are next due on Thursday 31 July 2025.
Registered Address

14 Royal Arcade, Norwich, Norfolk, NR2 1NQ
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Companies House Data
Company NameVELO BICYCLES LIMITED
Company Number09831694
Registered Office Address14 Royal Arcade
 NR2 1NQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date19/10/2015
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2025
Accounts Last Made Up Date31/10/2023
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date16/11/2016
Directors & Members
Show Resigned
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-Oct-2023 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 22,781 22,781 27,186
Current Assets 215,403 215,403 196,685
Creditors Due Within One Year 201,287 201,287 159,124
Working Cap 14,116 14,116 37,561
Total Assets Less Current Liabilities 36,897 36,897 64,747
Long-term Liabilities 34,824 34,824 28,800
Net Assets 2,073 2,073 35,947
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2,073 2,073 35,947
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2023 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 9.6% 9.6% 12.1%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 90.4% 90.4% 87.9%
Creditors Due Within One Year 84.5% 84.5% 71.1%
Net Current Assets Liabilities 5.9% 5.9% 16.8%
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 0.9% 0.9% 16.1%
Capital Employed - - -
Total Assets Less Current Liabilities 15.5% 15.5% 28.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2023 31-Oct-2022 31-Oct-2021
Liquidity Ratio 1.1 1.1 1.2
Solvency Ratio 1.0 1.0 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2023 31-Oct-2022 31-Oct-2021
Assets 238,184 238,184 223,871
Debt 236,111 236,111 187,924
Net Assets/Debt 2,073 2,073 35,947

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over 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.

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over 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.   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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over 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.

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 Unlock full report
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 Unlock full report
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 Unlock full report
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 Unlock full report

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 Unlock full report
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) X
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 Unlock full report

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 Unlock full report

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
Other Business around NR2 1NQ
STOMPERS LIMITED
7 THE ROYAL ARCADE, NORWICH, NR2 1NQ
LADY B LOVES LIMITED
10 ROYAL ARCADE, NORWICH, NORFOLK, NR2 1NQ
Document Filings
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Termination of appointment of Alan Watkins as a director on 1 June 2025
Termination of appointment of Mark Edward Watkins as a director on 24 March 2025
Notification of a person with significant control statement
Cessation of Mark Edward Watkins as a person with significant control on 6 March 2025
Change of details for Mr Mark Edward Watkins as a person with significant control on 15 January 2025
Director's details changed for Mr Mark Edward Watkins on 15 January 2025
Registered office address changed from 7a Blyth Road Industrial Estate Halesworth Suffolk IP19 8EN England to 14 Royal Arcade Norwich Norfolk NR2 1NQ on 15 January 2025
Director's details changed for Alan Watkins on 15 January 2025
Confirmation statement made on 18 October 2024 with no updates
Confirmation statement made on 18 October 2023 with no updates
Confirmation statement made on 18 October 2022 with no updates
Confirmation statement made on 18 October 2021 with updates
Notification of Mark Edward Watkins as a person with significant control on 5 October 2021
Cessation of Alan Edward Watkins as a person with significant control on 5 October 2021
Change of share class name or designation
Resolutions
Memorandum and Articles of Association
Particulars of variation of rights attached to shares
Sub-division of shares on 31 July 2021
Resolutions
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