# VELO ELECTRIC LTD (14271503)

> VELO ELECTRIC LTD is an active private limited company (company number 14271503) incorporated on 2 August 2022, registered in Consett. Its registered activity is retail sale of sports goods, fishing gear, camping goods, boats and bicycles (SIC 47640). Latest micro accounts cover the period ending 31 August 2025, showing net assets of −£12k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 110% on the prior period (−£5,796).

- Status: Active
- Incorporated: 2022-08-02
- Registered office: Consett, DH8 5FA
- SIC 47640: Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
- SIC 77210: Renting and leasing of recreational and sports goods
- Next accounts due: 2027-05-31
- Confirmation statement due: 2027-08-16
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 101 comparable companies in Newcastle (median £1,184, upper quartile £23k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-08-31 | −£12k | — | — | £58k | — | — | 1 |
| 2024-08-31 | −£5,796 | — | — | £44k | — | — | 1 |

current ratio 0.72; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-12,178 at 31 August 2025
- Net assets down 25% or more on the prior period: -110.1% vs prior period
- Current assets below creditors within one year: Current ratio 0.72
- Incorporated two to five years ago: Incorporated 2 August 2022

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Richard Boulger — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2022-08-02

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/14271503
HTML: https://firmoscan.com/company/14271503-velo-electric-ltd