VEED LIMITED
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Cash
£8.8m
+11.2% vs 2025
Net assets
-£11m
-96.1% lowest in 6 filed years
Employees
171
-15.3% vs 2025
Profit before tax
-£5.8m
+45.4% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £14,303,919 | £26,127,598 | £31,106,063 | +19.1% | |
| Operating profit | — | — | — | -£19,810,688 | -£10,356,453 | -£5,316,652 | +48.7% | |
| Profit before tax | — | — | — | -£19,748,703 | -£10,570,203 | -£5,766,679 | +45.4% | |
| Net profit | — | — | — | -£18,442,965 | -£9,089,123 | -£6,048,969 | +33.4% | |
| Cash | £631,877 | £22,894,034 | £16,918,099 | £5,556,062 | £7,958,975 | £8,848,077 | +11.2% | |
| Total assets less current liabilities | £318,854 | £22,332,360 | £16,201,616 | £2,218,334 | -£5,230 | -£4,429,150 | -84,587.4% | |
| Net assets | £317,863 | £22,300,405 | £16,201,616 | £1,822,306 | -£5,528,239 | -£10,839,339 | -96.1% | |
| Equity | £317,863 | £22,300,405 | £16,201,616 | £1,822,306 | -£5,528,239 | -£10,839,339 | -96.1% | |
| Average employees | 2 | 17 | 48 | 192 | 202 | 171 | -15.3% | |
| Wages | — | — | — | £6,739,230 | £8,282,833 | £10,097,783 | +21.9% | |
| Directors' remuneration | — | — | — | £334,800 | £377,894 | £408,511 | +8.1% | |
| Directors' pension contributions | — | — | — | £3,522 | £7,044 | £7,044 | 0% | |
| Highest paid director | — | — | — | £167,400 | £187,925 | £219,067 | +16.6% |
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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -138.5% | -39.6% | -17.1% | |
| Net margin | — | — | — | -128.9% | -34.8% | -19.4% | |
| Return on capital employed | — | — | — | -893.0% | — | — | |
| Gearing (liabilities / total assets) | 51.2% | 3.3% | 10.1% | 77.8% | 147.5% | 193.2% | |
| Current ratio | — | — | — | 1.35x | 0.99x | 0.71x | |
| Interest cover | — | — | — | — | -38.69x | -10.04x |
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
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The directors have prepared projected cash flow information in excess of 12 months from the date of their approval of these financial statements.”
Group structure
- VEED LIMITED · parent
- Veed Netherlands B.V. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-02-13 | — | — |
| KEYNEJAD, Sabba Benjamin | Director | 2018-03-20 | Jan 1991 | British |
| LIXANDRU, Luciana Maria | Director | 2021-12-03 | Oct 1984 | Romanian |
| MAMEDOV, Timur | Director | 2018-03-20 | Jan 1993 | Russian |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Timur Mamedov | Individual | Shares 25–50%, Voting 25–50% | 2018-03-20 | Active |
| Mr Sabba Benjamin Keynejad | Individual | Shares 25–50%, Voting 25–50% | 2018-03-20 | Active |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-22 | AA | accounts | Accounts with accounts type group | |
| 2026-08-13 | CH01 | officers | Change person director company with change date | |
| 2026-08-12 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-06-30 | SH01 | capital | Capital allotment shares | |
| 2026-05-14 | SH01 | capital | Capital allotment shares | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2025-12-11 | SH01 | capital | Capital allotment shares | |
| 2025-09-11 | AA | accounts | Accounts with accounts type group | |
| 2025-08-04 | SH01 | capital | Capital allotment shares | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | SH01 | capital | Capital allotment shares | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-04 | CH01 | officers | Change person director company with change date | |
| 2025-04-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-28 | SH01 | capital | Capital allotment shares | |
| 2025-02-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-12-16 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 8
- 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.