VEEZU UK LIMITED
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Cash
£572k
+23% vs 2024
Net assets
£20m
+220.3% highest in 3 filed years
Employees
130
+2.4% highest in 3 filed years
Profit before tax
-£1.8m
-318.5% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £17,498,000 | £19,894,000 | £40,653,000 | +104.3% | |
| Operating profit | £1,248,000 | £1,149,000 | -£1,172,000 | -202% | |
| Profit before tax | £1,244,000 | £821,000 | -£1,794,000 | -318.5% | |
| Net profit | £791,000 | £1,275,000 | -£2,788,000 | -318.7% | |
| Cash | £605,000 | £465,000 | £572,000 | +23% | |
| Total assets less current liabilities | £6,647,000 | £12,625,000 | £24,464,000 | +93.8% | |
| Net assets | £5,015,000 | £6,368,000 | £20,399,000 | +220.3% | |
| Equity | £5,015,000 | £6,368,000 | £20,399,000 | +220.3% | |
| Average employees | 65 | 127 | 130 | +2.4% | |
| Wages | £1,943,000 | £2,483,000 | £3,058,000 | +23.2% | |
| Directors' remuneration | £190,000 | £272,000 | £204,000 | -25% | |
| Directors' pension contributions | £6,000 | £7,000 | £7,000 | 0% |
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 | 7.1% | 5.8% | -2.9% | |
| Net margin | 4.5% | 6.4% | -6.9% | |
| Return on capital employed | 18.8% | 9.1% | -4.8% | |
| Gearing (liabilities / total assets) | 71.2% | 86.5% | 70.0% | |
| Current ratio | 0.23x | 0.13x | 0.12x | |
| Interest cover | 83.20x | 3.83x | -1.88x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2026-07-08
- VEEZU UK LIMITED 2026-07-08 → present
- VEEZU NORTH LIMITED 2020-11-25 → 2026-07-08
- PENNOCK & IVORY LIMITED 2002-08-15 → 2020-11-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the company or to cease its operations, and as they have concluded that the company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Group structure
- VEEZU UK LIMITED · parent
- Wheels Holdings Limited 100%
- Britannia Group North West Limited 100%
- Veezu Hire Limited 100%
- Veezu Drive Limited 100%
- 57 Taxis Limited 100%
- Dorne Project Limited 100%
Significant events
- “On 30 March 2026, the Company acquired the entire share capital of Alpaca Taxis Limited, trading as Go Cars in Luton.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RYAN, Joshua Michael | Director | 2024-12-09 | Nov 1989 | British |
| SINGH, Arun Thomas | Director | 2023-12-08 | May 1980 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LLOYD, Dawn Emma | Secretary | 2006-10-24 | 2015-08-18 |
| PENNOCK, Andrew | Secretary | 2002-08-15 | 2006-10-24 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-08-15 | 2002-08-15 |
| BOWLES, Nathan Iestyn | Director | 2015-08-18 | 2026-02-23 |
| HOPE-BELL, Joel Francis | Director | 2015-08-18 | 2018-05-21 |
| IVORY, Frederick | Director | 2002-08-15 | 2006-10-24 |
| PENNOCK, Andrew | Director | 2002-08-15 | 2026-04-27 |
| RAGAN, Paul Robert | Director | 2015-08-18 | 2019-12-05 |
| SALE, Timothy Rawlinson | Director | 2019-12-05 | 2024-12-09 |
| THOMAS, Kevin Richard | Director | 2018-06-01 | 2019-12-05 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 2002-08-15 | 2002-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Veezu Ride Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-08 CERTNM Certificate change of name company
- 2026-07-08 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-07-08 | CONNOT | change-of-name | Change of name notice | |
| 2026-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-26 | CH01 | officers | Change person director company with change date | |
| 2025-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-14 | CH01 | officers | Change person director company with change date | |
| 2025-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-15 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.