VEED LIMITED Financials
- Company number
- 11264311CopyCopy
- Registered office
- 17-18 Clere Street, London EC2A 4LJ
- Incorporated
- 20/03/2018
Company snapshot
- Status
- Active
- Employees
- 68 (2024)
- Latest financial data
- 2024
- Accounts type
- Group
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-67.56%vs 20232023: £16.20M
Total Assets
-54.48%vs 20232023: £18.25M
Cash in Bank
-67.16%vs 20232023: £16.92M
Total Liabilities
57.19%vs 20232023: £1.89M
Employees
+20vs 20232023: 48
In 2024, VEED LIMITED reported net assets of £5.26M. The same filing shows total assets of £8.31M, cash in bank of £5.56M and total liabilities of £2.96M. Reported headcount was 68 in 2024. Cash in Bank fell from £16.92M in 2023 to £5.56M in 2024 (-67.16%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-67.56%from £16.20M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures VEED LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-76.4%vs 2022-51.5% a year compound (CAGR)
Cash in Bank
-75.7%vs 2022-50.7% a year compound (CAGR)
Total Assets
-64.3%vs 2022-40.3% a year compound (CAGR)
Total Liabilities
+249%vs 2022+86.7% a year compound (CAGR)
Employees
+300%vs 2022+51Biggest increase
Employees+300%
17 in 2022 to 68 in 2024
Biggest decrease
Net Assets-76.4%
£22.30M in 2022 to £5.26M in 2024
VEED LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from VEED LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 63.28%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 35.69%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 187.40%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 66.89%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for VEED LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 317.86K | 22.30M | 16.20M | 5.26M |
| Total Assets£ | 656.43K | 23.29M | 18.25M | 8.31M |
| Cash in Bank£ | 631.88K | 22.89M | 16.92M | 5.56M |
| Total Liabilities£ | 333.35K | 850.53K | 1.89M | 2.96M |
| Employees | 2 | 17 | 48 | 68 |
VEED LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for VEED LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
VEED LIMITED reported net assets of £5.26M for 2024. That compares with £16.20M in 2023, a change of -67.56%.
VEED LIMITED reported total assets of £8.31M for 2024. That compares with £18.25M in 2023, a change of -54.48%.
VEED LIMITED reported cash in bank of £5.56M for 2024. That compares with £16.92M in 2023, a change of -67.16%.
VEED LIMITED reported 68 employees in 2024, compared with 48 in 2023.
Between 2022 and 2024, VEED LIMITED's net assets fell by 76.4%, cash in bank fell by 75.7%, total assets fell by 64.3% and total liabilities rose by 249%. Net assets contracted at 51.5% a year across the two years to 2024, from £22.30M to £5.26M. Reported headcount went from 17 in 2022 to 68 in 2024 (+51).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.