VEEZU HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£5M
+618% vs 2023
Net assets
-£28M
-56.9% vs 2023
Employees
142
+40.6% vs 2023
Profit before tax
-£11M
-410.1% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £16,100,000 | £17,324,000 | |
| Operating profit | -£98,000 | -£4,889,000 | |
| Profit before tax | -£2,163,000 | -£11,034,000 | |
| Net profit | -£2,332,000 | -£10,066,000 | |
| Cash | £762,000 | £5,471,000 | |
| Total assets less current liabilities | £36,909,000 | -£26,886,000 | |
| Net assets | -£17,610,000 | -£27,627,000 | |
| Equity | -£17,610,000 | -£27,627,000 | |
| Average employees | 101 | 142 | |
| Wages | £6,045,000 | £9,640,000 | |
| Directors' remuneration | £85,000 | £1,147,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+7.6%
£16,100,000 £17,324,000
-
Cash
+618%
£762,000 £5,471,000
-
Net assets
-56.9%
-£17,610,000 -£27,627,000
-
Employees
+40.6%
101 142
-
Operating profit
-4,888.8%
-£98,000 -£4,889,000
-
Profit before tax
-410.1%
-£2,163,000 -£11,034,000
-
Wages
+59.5%
£6,045,000 £9,640,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -0.6% | -28.2% | |
| Net margin | -14.5% | -58.1% | |
| Return on capital employed | -0.3% | 18.2% | |
| Current ratio | 0.07x | 0.08x | |
| Interest cover | -0.02x | -0.80x |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- VEEZU HOLDINGS LIMITED · parent
- A2B Radio Cars Limited 100%
- Veezu Assist Limited 100%
- Veezu Ride Limited 100%
- Veezu Limited 100%
- Veezu North Limited 100%
- Dragon Taxis Limited 100%
- Dragon Taxis (Gwent) Limited 100%
- Radio Cabs (Wales) Limited 100%
- Dragon Taxis (Newport) Limited 100%
- V Cars Limited 100%
- Hunslet Cars Limited 100%
- Wheels Private Hire Limited 100%
- Veezu Services Limited 100%
- Veezu Midlands Limited 100%
- A.B.C Taxis (EA) Limited 100%
- Veezu Connect Limited 100%
- Panther Cambridge Limited 100%
- Wheels Holdings Limited 100%
- City Taxi Holdings Limited 100%
- Steel City Holdings Limited 100%
- Northern Taxis Limited 100%
- Derby City Cars Limited 100%
- SN1 Radio Cars Limited 100%
- Britannia Group North West Limited 100%
- Blue Line Taxis (Barnsley) Limited 100%
- Aqua Southeast Limited 100%
- Veezu Hire Limited 100%
- Veezu Drive Limited 100%
- 57 Taxis Limited 100%
- Dorne Project Limited 100%
Significant events
- “On 17 October 2024, as part of a refinance exercise, V Bidco Limited acquired 100% of the share capital of Veezu Group Limited as part of the acquisition of the Veezu Group by funds advised by MML Capital Partners and other founder and management owner operator shareholders. This transaction and refinancing provides Veezu with the capacity to continue its acquisition-based growth strategy.”
- “On 5 February 2024, Veezu Limited, a subsidiary of the Company, acquired the entire share capital of Aqua Southeast Limited, trading as Aqua Cars in Portsmouth.”
- “On 17 October 2024, Veezu North Limited, a subsidiary of the Company acquired the entire share capital of GHP Ventures Limited. GHP Ventures Limited and its subsidiary companies trades as Drive in Hull, York, and Doncaster.”
- “On 13 January 2025, Veezu North Limited, a subsidiary of the Company, purchased the trade and assets of the business trading as Trafford Cars Limited in Manchester.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWLES, Nathan Iestyn | Director | 2015-03-13 | Sep 1976 | British |
| DOYLE, Michael Christopher | Director | 2025-02-10 | Jun 1972 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHALMERS, Martin Paul | Director | 2015-08-18 | 2016-12-31 |
| HOPE-BELL, Joel Francis | Director | 2015-08-18 | 2018-05-21 |
| KNOWLES, Anthony Gilbert | Director | 2016-12-31 | 2018-02-09 |
| PENNOCK, Andrew | Director | 2015-08-18 | 2025-01-07 |
| RACITI, Samuel Robert | Director | 2025-01-07 | 2026-01-31 |
| RAGAN, Paul Robert | Director | 2015-01-07 | 2019-12-06 |
| SALE, Tim Rawlinson | Director | 2019-06-07 | 2025-02-10 |
| THOMAS, Kevin Richard | Director | 2018-06-01 | 2019-12-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ragan Private Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-12-06 |
| Veezu Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 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 | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-01 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.