VELOTEK ASSETS LIMITED Financials
- Company number
- SC279294Copy
Copy - Registered office
- Infinity Partnership, 5 Carden Place, Aberdeen AB10 1UT
- Incorporated
- 02/02/2005
Company snapshot
- Status
- Active
- Employees
- 4 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-8.88%vs 20222022: £1.80M
Total Assets
28.60%vs 20222022: £397.06K
Cash in Bank
356.08%vs 20222022: £31.89K
Total Liabilities
-48.44%vs 20222022: £158.35K
Employees
0vs 20222022: 4
In 2023, VELOTEK ASSETS LIMITED reported net assets of £1.64M. The same filing shows total assets of £510.63K, cash in bank of £145.46K and total liabilities of £81.65K. Reported headcount was 4 in 2023. Net Assets fell from £1.80M in 2022 to £1.64M in 2023 (-8.88%). Okredo holds filed figures for 2021–2023; 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
-8.88%from £1.80M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures VELOTEK ASSETS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-2.7%vs 2021-1.4% a year compound (CAGR)
Cash in Bank
+415489%vs 2021+6347% a year compound (CAGR)
Total Assets
+75.1%vs 2021+32.3% a year compound (CAGR)
Total Liabilities
-51.3%vs 2021-30.2% a year compound (CAGR)
Employees
0%vs 2021Biggest increase
Cash in Bank+415489%
£35.00 in 2021 to £145.46K in 2023
Biggest decrease
Total Liabilities-51.3%
£167.50K in 2021 to £81.65K in 2023
VELOTEK ASSETS LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from VELOTEK ASSETS 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
- 320.97%2023
- Liabilities to total assets
- 15.99%2023
- Cash to liabilities
- 178.14%2023
- Cash to total assets
- 28.49%2023
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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 VELOTEK ASSETS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.68M | 1.80M | 1.64M |
| Total Assets£ | 291.67K | 397.06K | 510.63K |
| Cash in Bank£ | 35.00 | 31.89K | 145.46K |
| Total Liabilities£ | 167.50K | 158.35K | 81.65K |
| Employees | 4 | 4 | 4 |
VELOTEK ASSETS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has VELOTEK ASSETS LIMITED filed financial statements?
Yes. Okredo holds filed figures for VELOTEK ASSETS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
What net assets did VELOTEK ASSETS LIMITED report in 2023?
VELOTEK ASSETS LIMITED reported net assets of £1.64M for 2023. That compares with £1.80M in 2022, a change of -8.88%.
What total assets did VELOTEK ASSETS LIMITED report in 2023?
VELOTEK ASSETS LIMITED reported total assets of £510.63K for 2023. That compares with £397.06K in 2022, a change of 28.60%.
What cash in bank did VELOTEK ASSETS LIMITED report in 2023?
VELOTEK ASSETS LIMITED reported cash in bank of £145.46K for 2023. That compares with £31.89K in 2022, a change of 356.08%.
How many people does VELOTEK ASSETS LIMITED employ?
VELOTEK ASSETS LIMITED reported 4 employees in 2023, compared with 4 in 2022.
How have VELOTEK ASSETS LIMITED financials changed over the last 3 years?
Between 2021 and 2023, VELOTEK ASSETS LIMITED's net assets fell by 2.7%, cash in bank rose by 415489%, total assets rose by 75.1% and total liabilities fell by 51.3%. Net assets contracted at 1.4% a year across the two years to 2023, from £1.68M to £1.64M. Reported headcount went from 4 in 2021 to 4 in 2023.
Which years of VELOTEK ASSETS LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.