VELOCITY COMPOSITES PLC
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Next accounts due
2027-04-30 (in 11mo)
Last filed for 2025-10-31
Confirmation statement due
2026-12-20 (in 7mo)
Last made up 2025-12-06
Watchouts
None on the register
Cash
£392K
-76.4% vs 2024
Net assets
£5M
-12.4% vs 2024
Employees
101
-1% vs 2024
Profit before tax
-£1M
+21.6% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-10-31
| Metric | Trend | 2024-10-31 | 2025-10-31 |
|---|---|---|---|
| Turnover | £23,006,000 | £20,701,000 | |
| Operating profit | -£931,000 | -£718,000 | |
| Profit before tax | -£1,340,000 | -£1,050,000 | |
| Net profit | -£845,000 | -£1,084,000 | |
| Cash | £1,663,000 | £392,000 | |
| Total assets less current liabilities | £7,810,000 | £7,289,000 | |
| Net assets | £5,866,000 | £5,141,000 | |
| Equity | £5,866,000 | £5,141,000 | |
| Average employees | 102 | 101 | |
| Wages | £4,019,000 | £3,919,000 | |
| Directors' remuneration | £414,000 | £496,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-10-31 vs 2024-10-31
-
Turnover
-10%
£23,006,000 £20,701,000
-
Cash
-76.4%
£1,663,000 £392,000
-
Net assets
-12.4%
£5,866,000 £5,141,000
-
Employees
-1%
102 101
-
Operating profit
+22.9%
-£931,000 -£718,000
-
Profit before tax
+21.6%
-£1,340,000 -£1,050,000
-
Wages
-2.5%
£4,019,000 £3,919,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-10-31 | 2025-10-31 |
|---|---|---|---|
| Operating margin | -4.0% | -3.5% | |
| Net margin | -3.7% | -5.2% | |
| Return on capital employed | -11.9% | -9.9% | |
| Gearing (liabilities / total assets) | 54.2% | 50.1% | |
| Current ratio | 1.63x | 1.83x | |
| Interest cover | -2.25x | -2.11x |
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 1 time since incorporation
- VELOCITY COMPOSITES PLC 2017-04-27 → present
- VELOCITY COMPOSITES LIMITED 2007-10-03 → 2017-04-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis as the directors believe that the Group has access to sufficient resources to continue in business for the foreseeable future.”
Group structure
- VELOCITY COMPOSITES PLC · parent
- Velocity Composites SDN. BHD. 1%
- Velocity Composites Aerospace, Inc. 1%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Robert St John | Secretary | 2024-06-03 | — | — |
| BAILEY, David Warren | Director | 2022-06-09 | Jul 1968 | British |
| BEADEN, Andrew Michael | Director | 2019-07-24 | Oct 1967 | British |
| BRIDGES, Jonathan Karl | Director | 2019-07-26 | Aug 1974 | British |
| ROTHWELL, Annette | Director | 2022-03-29 | Oct 1967 | British |
| SMITH, Robert St John | Director | 2024-06-03 | Mar 1964 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIDGES, Jonathan Karl | Secretary | 2007-10-10 | 2012-11-01 |
| HEBB, Andrew | Secretary | 2023-08-23 | 2024-06-03 |
| HEBB, Andrew | Secretary | 2019-02-01 | 2020-07-15 |
| HOLDEN, Adam | Secretary | 2022-12-07 | 2023-08-23 |
| KERSHAW, Alan Mark | Secretary | 2016-10-31 | 2019-01-31 |
| NEWTON, Adam | Secretary | 2020-07-15 | 2021-05-31 |
| WILLIAMS, Christopher | Secretary | 2021-06-01 | 2022-12-07 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2007-10-03 | 2007-10-03 |
| AMOS, Margaret Mary | Director | 2020-04-07 | 2021-09-15 |
| BANKS, Christopher | Director | 2007-10-31 | 2017-04-21 |
| BRIDGES, Jonathan Karl | Director | 2007-10-10 | 2018-10-26 |
| HOLDEN, Adam | Director | 2022-12-07 | 2023-08-23 |
| INGRAM, Darren James | Director | 2015-10-05 | 2017-04-21 |
| JOHNSON, Gerard Antony | Director | 2007-10-10 | 2017-04-21 |
| KERSHAW, Alan Mark | Director | 2016-10-31 | 2019-01-31 |
| MILLS, Mark Richard | Director | 2016-02-10 | 2019-03-25 |
| PARMAR, Meera Menon | Director | 2018-09-05 | 2019-07-24 |
| SOEN, Robert Murray | Director | 2019-07-24 | 2022-10-31 |
| TENNER, Brian Thomas | Director | 2018-08-02 | 2019-07-24 |
| TOWN, Adam | Director | 2022-12-07 | 2022-12-07 |
| TURNER, Peter Graham | Director | 2016-02-10 | 2018-08-02 |
| WILLIAMS, Christopher Stephen | Director | 2020-08-04 | 2022-12-07 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2007-10-03 | 2007-10-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Christopher Banks | Individual | Shares 25–50% | 2016-10-03 | Ceased 2017-05-18 |
| Mr Jonathan Karl Bridges | Individual | Shares 25–50% | 2016-10-03 | Ceased 2017-05-18 |
| Mr Gerard Antony Johnson | Individual | Shares 25–50% | 2016-10-03 | Ceased 2017-05-18 |
Filing timeline
Last 20 of 155 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | AA | accounts | Accounts with accounts type group | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-11 | SH01 | capital | Capital allotment shares | |
| 2025-06-23 | CH03 | officers | Change person secretary company with change date | |
| 2025-05-19 | SH01 | capital | Capital allotment shares | |
| 2025-04-30 | SH01 | capital | Capital allotment shares | |
| 2025-04-11 | SH01 | capital | Capital allotment shares | |
| 2025-02-04 | AA | accounts | Accounts with accounts type group | |
| 2025-01-16 | SH01 | capital | Capital allotment shares | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | SH01 | capital | Capital allotment shares | |
| 2024-06-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-21 | SH01 | capital | Capital allotment shares | |
| 2024-02-02 | AA | accounts | Accounts with accounts type group | |
| 2023-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | SH01 | capital | Capital allotment shares | |
| 2023-09-25 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 6
- 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.