VELVET STORES LIMITED Financials
- Company number
- 04956303CopyCopy
- Registered office
- 66 - 68, Church Road Hove, Brighton, East Sussex BN3 2FP
- Incorporated
- 07/11/2003
Company snapshot
- Status
- Active
- Employees
- 14 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
51.89%vs 20222022: £649.37K
Cash in Bank
-20.56%vs 20222022: £183.36K
Employees
+2vs 20222022: 12
In 2023, VELVET STORES LIMITED reported net assets of £986.32K. The same filing shows cash in bank of £145.66K. Reported headcount was 14 in 2023. Net Assets rose from £649.37K in 2022 to £986.32K in 2023 (51.89%). 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
51.89%from £649.37K 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 VELVET STORES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+147%vs 2021+57.1% a year compound (CAGR)
Cash in Bank
-44.1%vs 2021-25.2% a year compound (CAGR)
Employees
+27.3%vs 2021+3Biggest increase
Net Assets+147%
£399.49K in 2021 to £986.32K in 2023
Biggest decrease
Cash in Bank-44.1%
£260.52K in 2021 to £145.66K in 2023
VELVET STORES LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for VELVET STORES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 399.49K | 649.37K | 986.32K |
| Total Assets£ | – | – | – |
| Cash in Bank£ | 260.52K | 183.36K | 145.66K |
| Total Liabilities£ | – | – | – |
| Employees | 11 | 12 | 14 |
VELVET STORES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for VELVET STORES LIMITED covering 2021–2023, across 3 reported indicators. The most recent reported year is 2023.
VELVET STORES LIMITED reported net assets of £986.32K for 2023. That compares with £649.37K in 2022, a change of 51.89%.
VELVET STORES LIMITED reported cash in bank of £145.66K for 2023. That compares with £183.36K in 2022, a change of -20.56%.
VELVET STORES LIMITED reported 14 employees in 2023, compared with 12 in 2022.
Between 2021 and 2023, VELVET STORES LIMITED's net assets rose by 147%, cash in bank fell by 44.1% and employee numbers rose by 27.3%. Net assets compounded at 57.1% a year across the two years to 2023, from £399.49K to £986.32K. Reported headcount went from 11 in 2021 to 14 in 2023 (+3).
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.