# VELOCITY RESOURCES LIMITED (SC694427)

> VELOCITY RESOURCES LIMITED is an active (proposal to strike off) private limited company (company number SC694427) incorporated on 6 April 2021, registered in Glasgow. Its registered activity is information technology consultancy activities (SIC 62020). Latest micro accounts cover the period ending 30 April 2025, showing net assets of £49k, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 41% on the prior period (£84k).

- Status: Active - Proposal to Strike off
- Incorporated: 2021-04-06
- Registered office: Glasgow, G74 4LZ
- SIC 62020: Information technology consultancy activities
- Next accounts due: 2027-01-30
- Confirmation statement due: 2027-04-20
- Accounts type: MICRO ENTITY

By net assets it sits in the top quarter of 1,106 comparable companies in Glasgow (median £5,321, upper quartile £38k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-04-30 | £49k | — | — | £6,526 | — | — | 0 |
| 2024-04-30 | £84k | — | — | £13k | — | — | 0 |

current ratio 7.78; size band micro.

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

- Net assets above zero: Net assets £49,175 at 30 April 2025
- Net assets down 25% or more on the prior period: -41.4% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 7.78
- Incorporated five or more years ago: Incorporated 6 April 2021
- Register status is not Active: Active - Proposal to Strike off

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

## Persons with significant control

- Mrs Simren Paul — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors, since 2021-04-06
- Mr Bobby Varinder Singh Paul — owns 25–50% of shares; holds 25–50% of voting rights, since 2021-04-06

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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/SC694427
HTML: https://firmoscan.com/company/SC694427-velocity-resources-limited