VELOCITY FIBRE LTD - Profile & Financials

Accounts Submitted 17 Mar 2025

Confirmation Statement Submitted 14 May 2024

Net assets £-1.20K £14.91K 2024 year on year

Total assets £0.00 £30.04K 2024 year on year

Total Liabilities £1.20K £44.95K 2024 year on year

Charges 1

1 satisfied

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Contact & Details

Contact

Update Details

Registered Address

Steward House 309 Bury New Road Salford Manchester M7 2YN

Credit Report

Discover VELOCITY FIBRE LTD's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2023–2024)

Cash in Bank

N/A

Net Assets

-£1.20k

Increased by £14.91k (+93%)

Total Liabilities

£1.20k

Decreased by £44.95k (-97%)

Turnover

N/A

Employees

N/A

Debt Ratio

N/A

Decreased by 154 (-100%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

2 active 7 resigned

Show resigned officers

						Status
Henry Neumann	Director	British	England	69	2 Jun 2015	Active
Thomas Sean Seddon	Director	British	England	35	2 Jun 2015	Active

Shareholders

Shareholders (2)


Telcom Networks Limited	50.0%	1	Ordinary	15 Jun 2016
Ibex Nominees Limited	50.0%	1	Ordinary	15 Jun 2016

Persons with Significant Control

Persons with Significant Control (2)

2 Active 1 Ceased

Telcom Networks Limited

United Kingdom

Active

Notified 1 Jan 2021

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent
Right To Appoint And Remove Directors

Ibex Nominees Limited

United Kingdom

Active

Notified 1 Jan 2021

Nature of Control

Ownership Of Shares 25 To 50 Percent
Voting Rights 25 To 50 Percent
Right To Appoint And Remove Directors

Henry Neumann

Ceased 14 Jun 2021

Ceased

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Group Structure

TELCOM NETWORKS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

IBEX NOMINEES LIMITED united kingdom

TELCOM BIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

TELCOM MIDCO LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

TELCOM GROUP LTD united kingdom shares 75 to 100 percent

GRESHAM HOUSE (NOMINEES) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent

GRESHAM HOUSE HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

GRESHAM HOUSE LIMITED united kingdom

VELOCITY FIBRE LTD Current Company

Charges

1 satisfied

Documents

Company Filings

Date	Category	Description	Document
5 Aug 2025	Gazette	Gazette Dissolved Voluntary	View(1 page)
20 May 2025	Gazette	Gazette Notice Voluntary	View(1 page)
12 May 2025	Dissolution	Dissolution Application Strike Off Company	View(1 page)
17 Mar 2025	Accounts	Annual accounts made up to 2024-03-31	View(4 pages)
24 Dec 2024	Accounts	Annual accounts made up to 2024-04-01	View(1 page)