Company Overview
Velotek Assets Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 02 February 2005, so this is a well established company. Velotek Assets Limited has been in business for 21 years and 2 months. The accounts status is total exemption full and the accounts are next due on Tuesday 31 March 2026.
Registered Address

Infinity Partnership, 5 Carden Place, Aberdeen, AB10 1UT
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Companies House Data
Company NameVELOTEK ASSETS LIMITED
Company NumberSC279294
Registered Office AddressInfinity Partnership
 5 Carden Place
 AB10 1UT
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date02/02/2005
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2026
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date02/03/2017
Returns Last Made Up Date02/02/2016
Previous Company NameChanged Date
SCOTOIL ASSETS LIMITED01 Dec 2014
Directors & Members
Show Resigned
Graham Davidson - Director
(British, 41 years old, born March 1985)
Appointed 25 January 2013
 Active
Secretaries
Show Resigned
Other Company Directorships
Graham Davidson
BME SERVICES LIMITED
ENOCELL LIMITED
GT STORAGE SOLUTIONS LIMITED
PHOENIX DECOM LTD
SCOTOIL REALISATIONS LIMITED
SCOTOIL SERVICES (MIDDLE EAST) LTD.
SCOTOIL SERVICES LIMITED
VELOTEK (IP) LIMITED
VELOTEK INVESTMENTS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 1,560,000 1,560,000 1,560,000
Current Assets 397,062 397,062 291,674
Creditors Due Within One Year 51,075 51,075 60,225
Working Cap 345,987 345,987 231,449
Total Assets Less Current Liabilities 1,905,987 1,905,987 1,791,449
Long-term Liabilities 107,279 107,279 107,279
Net Assets 1,798,708 1,798,708 1,684,170
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,798,708 1,798,708 1,684,170
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 79.7% 79.7% 84.2%
Stocks Inventory - - -
Debtors 18.7% 18.7% 15.8%
Cash Bank In Hand 1.6% 1.6% 0.0%
Current Assets 20.3% 20.3% 15.8%
Creditors Due Within One Year 2.6% 2.6% 3.3%
Net Current Assets Liabilities 17.7% 17.7% 12.5%
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 91.9% 91.9% 91.0%
Capital Employed - - -
Total Assets Less Current Liabilities 97.4% 97.4% 96.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Liquidity Ratio 7.8 7.8 4.8
Solvency Ratio 12.4 12.4 11.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Assets 1,957,062 1,957,062 1,851,674
Debt 158,354 158,354 167,504
Net Assets/Debt 1,798,708 1,798,708 1,684,170

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.

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.   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.

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
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Document Filings
Confirmation statement made on 24 January 2026 with no updates
Termination of appointment of Ian Hogg as a director on 25 June 2024
Termination of appointment of Ross Ian Davidson as a director on 25 June 2024
Termination of appointment of Gayle Lyndsay Arnell as a director on 25 June 2024
Current accounting period extended from 31 December 2024 to 30 June 2025
Confirmation statement made on 24 January 2025 with updates
Notification of Gt Storage Solutions Limited as a person with significant control on 25 June 2024
Cessation of Ross Ian Davidson as a person with significant control on 25 June 2024
Cessation of Graham John Davidson as a person with significant control on 25 June 2024
Cessation of Gayle Lyndsay Arnell as a person with significant control on 25 June 2024
Registered office address changed from Brodies House 31 - 33 Union Grove Aberdeen AB10 6SD to Infinity Partnership 5 Carden Place Aberdeen AB10 1UT on 12 July 2024
Termination of appointment of Brodies Secretarial Services Limited as a secretary on 5 July 2024
Confirmation statement made on 2 February 2024 with no updates
Confirmation statement made on 2 February 2023 with no updates
Confirmation statement made on 2 February 2022 with no updates
Secretary's details changed for Brodies Secretarial Services Limited on 18 January 2022
Confirmation statement made on 2 February 2021 with updates
Director's details changed for Mr Graham John Davidson on 1 January 2021
Confirmation statement made on 2 February 2020 with updates
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