VELOCITY LINES LIMITED

Company number SC542218 · Active (Active - Proposal to Strike off)

VELOCITY LINES LIMITED is a private limited company registered in HAMILTON, United Kingdom, incorporated on 8 Aug 2016. Its registered activity is wholesale of waste and scrap. Its latest published accounts for the period ending 30 Aug 2020 show equity of £13k, total assets of £32k. It has filed 2 sets of accounts, 1 of them after the deadline. Our model estimates a 0.00 % probability that it becomes insolvent within 12 months, 0.0 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.00 %
Low risk
Lowest riskHighest risk

Higher than 0 % of active companies in the United Kingdom. 0.0× the average annual insolvency rate (0.12 %).

Raises the risk

Filing delay of last accounts (days)3.7×≥ 321 · 0.43 % became insolvent
Days since last period end3.2×≥ 642 · 0.37 % became insolvent
Employees3.1×3–8 · 0.36 % became insolvent
Share of filings late2.3×0.333333–0.666667 · 0.26 % became insolvent
Accounts overdue2.1×1 · 0.24 % became insolvent
Late filings1.8×1–2 · 0.21 % became insolvent

Lowers the risk

Region0.0×ML · 0.00 % became insolvent
Current liabilities ÷ assets0.3×< 0.010552 · 0.03 % became insolvent
Accounts filed0.5×0–3 · 0.06 % became insolvent
Current ratio0.6×≥ 7.06234 · 0.07 % 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
SC542218 · official register
Status
Active - Proposal to Strike off
Legal form
Private Limited Company
Incorporated
8 Aug 2016 (10 years)
Registered address
ML3 7AG HAMILTON
Postcode area
Motherwell
Activity
46770 Wholesale of waste and scrap
Industry
Wholesale trade
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
30 Aug 202015 Aug 2021– –£13k£32k £188–3
31 Aug 201915 May 2020– –£4,101£4,571 £470–5

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

Similar companies in Motherwell

Questions about VELOCITY LINES LIMITED

What is the company number of VELOCITY LINES LIMITED?

VELOCITY LINES LIMITED is registered under company number SC542218 in the official register of United Kingdom. View it at the official register.

Is VELOCITY LINES LIMITED still active?

Yes. VELOCITY LINES LIMITED is registered as active (status: Active - Proposal to Strike off).

Has VELOCITY LINES LIMITED gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for VELOCITY LINES LIMITED in the official data.

How likely is VELOCITY LINES LIMITED to become insolvent?

Our model estimates a 0.00 % probability that VELOCITY LINES LIMITED becomes insolvent within the next 12 months (low risk). That is higher than 0 % of active companies in the United Kingdom.

When was VELOCITY LINES LIMITED founded?

VELOCITY LINES LIMITED was incorporated on 8 Aug 2016.

Where is VELOCITY LINES LIMITED registered?

VELOCITY LINES LIMITED's registered address is in ML3 7AG HAMILTON (Motherwell), United Kingdom.

What do the latest accounts of VELOCITY LINES LIMITED show?

The latest published accounts (period ending 30 Aug 2020) show equity of £13k, total assets of £32k, 3 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.