Velocity UK Limited
Registered name: VELOCITY UK LIMITED
Part of Velocity Roads Group Limited groupVelocity UK Limited made £12m revenue and £235k profit in the year to 31 Dec 2024. read from filing text
Velocity UK Limited’s revenue grew 14% to £12m in the year to 31 Dec 2024, with £235k profit and 122 employees. The company is classified under “manufacture of equipment for concrete crushing and screening and roadworks” and is based in Sunderland; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Sunderland, North East
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company's immediate and ultimate parent is Velocity Roads Group Limited (previously Velocity Works Limited), incorporated in England & Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £8.8m | £10.5m | £12m |
| Cost of sales | £7.3m | £8.1m | £8.6m |
| Gross profit | £1.5m | £2.4m | £3.5m |
| Operating profit | −£1.3m | £466k | £497k |
| Profit before tax | −£1.3m | £368k | £352k |
| Profit after tax | −£1.2m | £441k | £235k |
| Profit (best available) | −£1.2m | £441k | £235k |
| Staff costs | £4.6m | £4.4m | £5.1m |
| Employees (average) | 112 | 112 | 122 |
| Ratios | |||
| Profit margin | −13.9% | 4.2% | 1.9% |
| Gross margin | 16.7% | 22.9% | 28.8% |
| Revenue per employee | £78.4k | £94k | £98.6k |
| Profit per employee | −£10.9k | £3.9k | £1.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲20% | ▲14.2% |
| Profit growth | — | — | ▼46.7% |
| Headcount growth | — | 0% | ▲8.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £288k | £1.1m | £785k |
| Net assets | £1.3m | £1.8m | £2m |
| Fixed assets | £1.6m | £1.9m | £2.5m |
| Current assets | £2.2m | £2.9m | £4.8m |
| Debtors | £611k | £991k | £829k |
| Deferred income | £255k | £446k | £371k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 1.9%
- Profit ÷ revenue.
- Gross margin
- 28.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £98.6k
- Revenue ÷ average employees.
- Profit per employee
- £1.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 20.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6.9%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲13%
- Now £2m
- Cash at bank
- ▼31%
- Now £785k
- Headcount
- ▲9%
- Now 122
- Deferred income
- ▼17%
- Now £371k
- Fixed assets
- ▲31%
- Now £2.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Velocity Roads Group Limitedultimate parent75–100%
- Velocity UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (3)
- Archway Roadmaster UK LtdRev. — · Profit −£232k
- Velocity Patching LimitedFigures not disclosed
- Velocity Transport Solutions LimitedRev. — · Profit £50.3k
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Porta-Fill International LimitedDungannon · Manufacture of equipment for concrete crushing and screening and roadworks
- Revenue
- £9.3m
- Profit
- £456k
- Staff
- 45
- Red Rhino Crushers (UK) LimitedGrantham · Manufacture of equipment for concrete crushing and screening and roadworks
- Revenue
- £5.2m
- Profit
- £549k
- Staff
- 17
- Canning Conveyor Co. LimitedSandy Lane, Worksop · Manufacture of machinery for mining
- Revenue
- £12.6m
- Profit
- £254k
- Staff
- 62
- Rapid International LimitedCo Armagh · Manufacture of machinery for mining
- Revenue
- £11.4m
- Profit
- £710k
- Staff
- 62
- Auger Torque Europe LimitedCheltenham · Manufacture of earthmoving equipment
- Revenue
- £10.8m
- Profit
- £3.7m
- Staff
- 32
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £235k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.