VELOCITY OUTLET LTD
Get an alert when VELOCITY OUTLET LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1m
-31.7% lowest in 3 filed years
Net assets
£4.4m
+10.7% highest in 3 filed years
Employees
20
-20% lowest in 3 filed years
Profit before tax
£585k
+105.9% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,108,102 | £22,405,019 | £27,418,139 | +22.4% | |
| Operating profit | £219,397 | £442,825 | £717,076 | +61.9% | |
| Profit before tax | £126,849 | £283,981 | £584,753 | +105.9% | |
| Net profit | £95,805 | £210,745 | £428,153 | +103.2% | |
| Cash | £1,524,521 | £1,517,355 | £1,036,215 | -31.7% | |
| Total assets less current liabilities | £4,281,796 | £4,105,313 | £4,554,912 | +11% | |
| Net assets | £4,063,029 | £3,999,774 | £4,427,927 | +10.7% | |
| Equity | £4,063,029 | £3,999,774 | £4,427,927 | +10.7% | |
| Average employees | 21 | 25 | 20 | -20% | |
| Wages | £694,166 | £871,457 | £1,254,013 | +43.9% | |
| Directors' remuneration | £19,699 | £19,803 | £344,558 | +1,639.9% | |
| Directors' pension contributions | — | — | £2,400 | — | |
| Highest paid director | — | £9,096 | £258,550 | +2,742.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.1% | 2.0% | 2.6% | |
| Net margin | 0.5% | 0.9% | 1.6% | |
| Return on capital employed | 5.1% | 10.8% | 15.7% | |
| Gearing (liabilities / total assets) | 61.8% | 64.7% | 54.1% | |
| Current ratio | 1.65x | 1.53x | 1.75x | |
| Interest cover | 2.37x | 2.46x | 4.72x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PEM Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis. In arriving at their decision to prepare these financial statements on the going concern basis, the directors have reviewed the budgets, forecasts and cash flow projections.”
Group structure
- VELOCITY OUTLET LTD · parent
- iZilla Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LATHAM, Edward | Director | 2012-12-20 | Jan 1985 | British |
| LATHAM, Maria-Grace | Director | 2023-12-21 | Sep 1988 | British |
| SCOTT, Peter-James | Director | 2012-12-20 | Dec 1983 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Maria-Grace Latham | Individual | Significant influence | 2023-04-04 | Active |
| Mr Edward Latham | Individual | Significant influence | 2016-04-06 | Active |
| Mr Peter-James Scott | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 49 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type group | |
| 2026-01-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-14 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-15 | AA | accounts | Accounts with accounts type group | |
| 2025-05-02 | CH01 | officers | Change person director company with change date | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-04-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type group | |
| 2022-06-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-07 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.