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Other telecommunications activities · Birmingham, West Midlands

Velocity1

Velocity1 Limited

Turnover down 36%Cash down 88%Staff down 41%ActiveLatest figures: 2022Company only19 years on the register

Private limited company registered in Birmingham, classed under “Other telecommunications activities”.

Headline figures

FY to Dec 2022 · Company only

Turnover

For subscribers

Profit after tax

—

Not found in sources

Net assets

For subscribers

Cash

For subscribers

Employees

For subscribers

Retained reserves

For subscribers

What the numbers say

4 findings from the figures, in plain English

Written by rules from the figures on this page. Not a forecast or a credit opinion.

History

Pro
£20202021*2022
Profit after tax—
Turnover
Net assets
Cash
Employees
Retained reserves

Every figure for all 3 years

“—” means we did not find the figure in a source; it is never filled with an estimate. * Restated: the next year's accounts printed different figures for this year, and those later figures are shown.

Balance sheet and ratios

From the filed balance sheets · £

Balance sheet202020212022
Fixed assets
Current assets
of which debtors
of which cash
Creditors due within a year
Net current assets
Creditors due after a year
Net assets
Ratios
Current ratioCurrent assets for every £1 owed within a year
Cash ratioCash for every £1 owed within a year
Creditors to assetsEverything owed to creditors as a share of fixed plus current assets
Turnover per employeeTurnover divided by average staff
Debtor daysDays of turnover owed by customers at the year end

8 balance-sheet lines and 5 ratios, every year

A ratio appears only for years where every line it needs was filed. Lines are as tagged in the accounts; nothing is added up or estimated.

Questions people ask

›What does Velocity1 do?

Private limited company registered in Birmingham, classed under “Other telecommunications activities”. In its own words: “Glide is a market-leading broadband & infrastructure business, delivering connectivity in student and built-to-rent accommodation and business sectors.”

›How much turnover does Velocity1 make?

Answered in the full report

›Is Velocity1 profitable?

We haven't found a profit figure in Velocity1's latest filed accounts.

›How many people work at Velocity1?

Answered in the full report

›Where is Velocity1 based?

Its registered office is Alpha Tower, Suffolk Street Queensway, Birmingham, West Midlands, B1 1TT, in Birmingham, West Midlands.

›When was Velocity1 founded?

Velocity1 Limited was incorporated on 9 May 2007.

›Is Velocity1 still trading?

The register lists Velocity1 Limited as active.