VELOCITY IT LTD

Company number 07126010 · Active

VELOCITY IT LTD is a private limited company registered in LONDON, United Kingdom, incorporated on 14 Jan 2010. Its registered activity is business and domestic software development. Its latest published accounts for the period ending 31 Dec 2024 show equity of £1.5m, total assets of £1.6m. It has filed 6 sets of accounts, 2 of them after the deadline. Our model estimates a 0.14 % probability that it becomes insolvent within 12 months, 1.2 times the average for active companies (medium risk).

Insolvency risk, next 12 months

0.14 %
Medium risk
Lowest riskHighest risk

Higher than 93 % of active companies in the United Kingdom. 1.2× the average annual insolvency rate (0.12 %).

Raises the risk

Employees7.0×≥ 8 · 0.81 % became insolvent
Cash ÷ assets3.7×0.00304687–0.0300733 · 0.44 % became insolvent
Company age (years)3.3×12.986–22.502 · 0.38 % became insolvent
Days since last period end3.2×≥ 642 · 0.37 % became insolvent
Total assets (log)3.1×≥ 6.05274 · 0.37 % became insolvent
Late filings2.5×≥ 2 · 0.29 % became insolvent

Lowers the risk

Accounts filed0.3×≥ 6 · 0.04 % became insolvent
Equity ratio0.4×0.742974–1 · 0.05 % became insolvent
Current ratio0.6×≥ 7.06234 · 0.07 % became insolvent
Current liabilities ÷ assets0.7×0.010552–0.186967 · 0.08 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
07126010 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
14 Jan 2010 (17 years)
Registered address
EC2A 2AP LONDON
Postcode area
London East Central
Activity
62012 Business and domestic software development
Industry
Computer programming and consultancy
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Dec 202415 Oct 2025– –£1.5m£1.6m £104k£18k8
31 Jan 202415 Jun 2024– –£1.5m£1.7m £159k£1.4m10
31 Jan 202315 Sep 2023– –£1.3m£1.5m £199k£1.3m11
31 Jan 202215 Jan 2023– –£866k£963k £97k£706k10
31 Jan 202115 Jun 2021– –£723k£767k £44k£653k10
31 Jan 202015 May 2020– –£644k£673k £29k£540k7

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in London East Central

Questions about VELOCITY IT LTD

What is the company number of VELOCITY IT LTD?

VELOCITY IT LTD is registered under company number 07126010 in the official register of United Kingdom. View it at the official register.

Is VELOCITY IT LTD still active?

Yes. VELOCITY IT LTD is registered as active (status: Active).

Has VELOCITY IT LTD gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for VELOCITY IT LTD in the official data.

How likely is VELOCITY IT LTD to become insolvent?

Our model estimates a 0.14 % probability that VELOCITY IT LTD becomes insolvent within the next 12 months (medium risk). That is higher than 93 % of active companies in the United Kingdom.

When was VELOCITY IT LTD founded?

VELOCITY IT LTD was incorporated on 14 Jan 2010.

Where is VELOCITY IT LTD registered?

VELOCITY IT LTD's registered address is in EC2A 2AP LONDON (London East Central), United Kingdom.

What do the latest accounts of VELOCITY IT LTD show?

The latest published accounts (period ending 31 Dec 2024) show equity of £1.5m, total assets of £1.6m, 8 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.