VELOCITY MOBILE LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-30.

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

• Turnover

  +24.1%

  £13,155,295 → £16,328,024

• Cash

  +1,119.7%

  £2,405,468 → £29,339,929

• Net assets

  +17.2%

  £14,234,199 → £16,686,500

• Employees

  -90.2%

  61 → 6

• Operating profit

  -197.6%

  -£6,083,611 → -£18,104,031

• Profit before tax

  -20.7%

  -£11,770,206 → -£14,208,640

• Wages

  -90.3%

  £4,627,290 → £448,091

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have reviewed the company's budgets and forecasts for beyond 12 months from the date of this report, its liquid resources, medium term plans and the current macroeconomic environment. The acquisition of the business was completed by Capital One Financial Corporation on 31 May 2023. The sustained improvements in efficiency thanks to our technology platform and support from the new parent company post acquisition informs the Directors reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, accordingly, consider that it is appropriate to adopt the going concern basis in preparing these financial statements.”

Group structure

1. VELOCITY MOBILE LIMITED · parent
   1. Velocity Mobile Inc. 100% · DE · Mobile Application Technology
   2. UAB Velocity Mobile 100% · Lithuania · Mobile Application Technology
   3. Velocity Black Travel Limited 100% · United Kingdom · Mobile Application Technology
   4. Velocity Mobile Travel Limited 100% · United Kingdom · Mobile Application Technology
   5. Velocity Mobile Technology PTE Ltd 100% · Singapore · Mobile Application Technology

Significant events

• “This year was the first year as part of the Capital One organization as Velocity Mobile Ltd was acquired by Capital One Financial Corporation in May 2023.”
• “The business is making significant investments to serve the needs of our discerning customer base and drive multi-year sustainable growth by being at the frontier of reimagining concierge.”
• “Post year end, Velocity continues to make investments into its brand and future growth during the period to support its long term growth trajectory under the new structure under the Capital One organization. Velocity renewed a multi-year sponsorship agreement with the Aston Martin Aramco Formula 1 team within the period.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.