VELD CAPITAL ADVISORY LLP
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£5M
+43% vs 2024
Net assets
£42M
-31.2% vs 2024
Employees
26
-7.1% vs 2024
Profit before tax
-£17M
-3.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £16,046,049 | £14,646,123 | |
| Operating profit | -£17,287,797 | -£16,794,487 | |
| Profit before tax | -£16,362,375 | -£16,932,316 | |
| Net profit | -£18,796,213 | -£18,144,123 | |
| Cash | £3,373,214 | £4,824,215 | |
| Total assets less current liabilities | £60,649,353 | £41,690,655 | |
| Net assets | £60,606,981 | £41,690,655 | |
| Equity | £60,606,981 | £41,690,655 | |
| Average employees | 28 | 26 | |
| Wages | £7,181,691 | £5,858,377 | |
| Directors' remuneration | — | — |
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 2025-12-31 vs 2024-12-31
-
Turnover
-8.7%
£16,046,049 £14,646,123
-
Cash
+43%
£3,373,214 £4,824,215
-
Net assets
-31.2%
£60,606,981 £41,690,655
-
Employees
-7.1%
28 26
-
Operating profit
+2.9%
-£17,287,797 -£16,794,487
-
Profit before tax
-3.5%
-£16,362,375 -£16,932,316
-
Wages
-18.4%
£7,181,691 £5,858,377
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -107.7% | -114.7% | |
| Net margin | -117.1% | -123.9% | |
| Return on capital employed | -28.5% | -40.3% | |
| Current ratio | 1.32x | 2.39x | |
| Interest cover | -1408.60x | -29.63x |
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
- VELD CAPITAL ADVISORY LLP 2022-11-07 → present
- TCVC CREDIT LLP 2022-07-04 → 2022-11-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Duncan & Toplis Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The going concern basis has been adopted in preparing these financial statements having assessed the principal risks to the business in both the medium and longer term. Having considered the group's forecasts and projections, the members are satisfied that the group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- VELD CAPITAL ADVISORY LLP · parent
- Veld Capital Limited 100%
- Veld Advisory Spain, S.L. 100%
- Veld Asset Management LLP 100%
- Veld Asset Management S.L 100%
- Veld Capital Luxembourg S.a.r.l 100%
- Veld India Advisory Private Limited 99.97%
Significant events
- “During the year Veld Advisory Spain, S.L. - Gibraltar was dissolved.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SULGER, Justin Deering | Llp Designated Member | 2022-09-30 | Dec 1973 | — |
| TC EUROPEAN CREDIT HOLDINGS LIMITED | Corporate Llp Designated Member | 2022-07-04 | — | — |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALPHA DC GP LIMITED | Corporate Llp Designated Member | 2022-09-30 | 2022-10-01 |
| TRIVE CAPITAL HOLDINGS LLC | Corporate Llp Designated Member | 2022-07-04 | 2022-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Justin Deering Sulger | Individual | voting-rights-50-to-75-percent-limited-liability-partnership, right-to-share-surplus-assets-50-to-75-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2022-09-30 | Active |
| Mr Michael Conner Searcy | Individual | significant-influence-or-control-limited-liability-partnership | 2022-07-04 | Ceased 2025-03-17 |
| Mr Chris Zugaro | Individual | significant-influence-or-control-limited-liability-partnership | 2022-07-04 | Ceased 2025-03-17 |
Filing timeline
Last 19 of 19 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-07 CERTNM Certificate change of name company
- 2022-11-07 LLNM01 Change of name notice limited liability partnership
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-05 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | AA | accounts | Accounts with accounts type group | |
| 2025-03-17 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2025-03-17 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2024-07-16 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-16 | AA | accounts | Accounts with accounts type group | |
| 2023-07-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2023-03-21 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-12-07 | LLAA01 | accounts | Change account reference date limited liability partnership current extended | |
| 2022-11-17 | LLPSC01 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2022-11-07 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-11-07 | LLNM01 | change-of-name | Change of name notice limited liability partnership | |
| 2022-10-28 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2022-10-28 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2022-10-28 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2022-10-28 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-07-04 | LLIN01 | incorporation | Incorporation limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.