UK Companies House feature
VELOCITY MOBILE LIMITED
Profile
- Company number
- 08973073
- Status
- Active
- Incorporation
- 2014-04-02
- Last accounts made up
- 2024-04-29
- Account category
- FULL
- Primary SIC
- 62090
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the company's budgets and forecasts for beyond 12 months from the date of this report, its liquid resources, medium term plans and the current macroeconomic environment. The acquisition of the business was completed by Capital One Financial Corporation on 31 May 2023. The sustained improvements in efficiency thanks to our technology platform and support from the new parent company post acquisition informs the Directors reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, accordingly, consider that it is appropriate to adopt the going concern basis in preparing these financial statements.”
Subsidiaries
- Velocity Mobile Inc. · 100% held · DE · Mobile Application Technology
- UAB Velocity Mobile · 100% held · Lithuania · Mobile Application Technology
- Velocity Black Travel Limited · 100% held · United Kingdom · Mobile Application Technology
- Velocity Mobile Travel Limited · 100% held · United Kingdom · Mobile Application Technology
- Velocity Mobile Technology PTE Ltd · 100% held · Singapore · Mobile Application Technology
Significant events
- “This year was the first year as part of the Capital One organization as Velocity Mobile Ltd was acquired by Capital One Financial Corporation in May 2023.”
- “The business is making significant investments to serve the needs of our discerning customer base and drive multi-year sustainable growth by being at the frontier of reimagining concierge.”
- “Post year end, Velocity continues to make investments into its brand and future growth during the period to support its long term growth trajectory under the new structure under the Capital One organization. Velocity renewed a multi-year sponsorship agreement with the Aston Martin Aramco Formula 1 team within the period.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRANK, Jason Steven | Secretary | 2024-08-26 | — | — |
| BANN, David Michael | Director | 2024-05-28 | Aug 1978 | American |
| KNISE, Matthew Charles | Director | 2023-05-31 | Dec 1987 | American |
| LANGRAND, Sylvain Andre Jacques | Director | 2024-12-04 | Feb 1978 | French |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| YUSUF, Muhammad Sirajuddin | Secretary | 2015-03-23 | 2023-05-31 |
| ATRAK, Kaveh | Director | 2018-01-15 | 2023-05-31 |
| CARING, Jamie Scott | Director | 2018-01-15 | 2023-05-31 |
| DHODY, Sanjan | Director | 2016-10-11 | 2018-01-18 |
| LISS, Lauren Stephanie | Director | 2023-05-31 | 2024-12-04 |
| MACDONALD, Alexander Frank | Director | 2014-04-02 | 2023-05-31 |
| YUSUF, Muhammad Ziauddin | Director | 2015-03-23 | 2024-05-28 |
| YUSUF, Muhammad Sirajuddin, Dr | Director | 2014-04-02 | 2015-03-23 |
| PRIME MERIDIAN RESTRUCTURING LTD | Corporate Director | 2014-04-02 | 2014-04-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Capital One Financial Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-31 | Active |
| Mr Alexander Frank Macdonald | Individual | Significant influence | 2016-04-06 | Ceased 2023-05-31 |
| Mr Muhammad Ziauddin Yusuf | Individual | Significant influence | 2016-04-06 | Ceased 2023-05-31 |
Filing timeline
Last 20 of 282 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-03-26 | AA01 | accounts | change account reference date company previous shortened |
| 2025-02-07 | AAMD | accounts | accounts amended with accounts type full |
| 2025-01-31 | AA | accounts | accounts with accounts type full |
| 2024-12-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-19 | AP01 | officers | appoint person director company with name date |
| 2024-12-19 | TM01 | officers | termination director company with name termination date |
| 2024-12-10 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-08-28 | AP03 | officers | appoint person secretary company with name date |
| 2024-08-28 | AD01 | address | change registered office address company with date old address new address |
| 2024-06-26 | AP01 | officers | appoint person director company with name date |
| 2024-06-24 | TM01 | officers | termination director company with name termination date |
| 2024-04-06 | AA | accounts | accounts with accounts type group |
| 2024-03-27 | DISS40 | gazette | gazette filings brought up to date |
| 2024-03-26 | GAZ1 | gazette | gazette notice compulsory |
| 2023-12-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-10-16 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2023-10-16 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-10-16 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-10-12 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory