PROJECT VELOCITY BIDCO 1 LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-25 (in 5mo)
Last made up 2025-10-11
Watchouts
None on the register
Cash
£178K
-22.1% vs 2023
Net assets
£68M
+8.3% vs 2023
Employees
4
Average over period
Profit before tax
£5M
+88% vs 2023
Name history
Renamed 1 time since incorporation
- PROJECT VELOCITY BIDCO 1 LIMITED 2022-12-16 → present
- AGHOCO 2224 LIMITED 2022-10-12 → 2022-12-16
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£772,946 | -£300,370 | |
| Profit before tax | £2,756,839 | £5,182,158 | |
| Net profit | £2,756,839 | £5,204,111 | |
| Cash | £228,342 | £177,857 | |
| Total assets less current liabilities | £70,688,986 | £75,893,097 | |
| Net assets | £62,914,077 | £68,118,188 | |
| Equity | £62,914,077 | £68,118,188 | |
| Average employees | — | 4 | |
| Wages | £694,395 | £1,258,629 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Return on capital employed | -1.1% | -0.4% | |
| Gearing (liabilities / total assets) | 70.5% | 68.9% | |
| Current ratio | 0.03x | 0.07x | |
| Interest cover | -1.41x | -0.36x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- PROJECT VELOCITY BIDCO 1 LIMITED · parent
- Saturn Topco Limited 100%
- Saturn Midco 1 Limited 100%
- Saturn Midco 1 Limited 100%
- Saturn Bidco Limited 100%
- Axis Topco Limited 100%
- Axis Midco Limited 100%
- Axis Bidco Limited 100%
- Nexus Vehicle Holdings Limited 100%
- Nexus Vehicle Management Limited 100%
- Nexus VRM Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRENNAN, David Martin | Director | 2023-01-16 | Jul 1966 | British |
| COOK, Alexander James | Director | 2023-01-16 | Jan 1983 | British |
| COPELAND, William Ellis | Director | 2023-01-16 | May 1989 | British |
| ELLIS, John Christian | Director | 2023-01-16 | Sep 1977 | British |
| HADDOW, Scott William | Director | 2023-03-29 | Jan 1973 | British |
| TOMKINSON, Andrew Robert | Director | 2022-12-16 | Oct 1979 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A G SECRETARIAL LIMITED | Corporate Secretary | 2022-10-12 | 2022-12-16 |
| HART, Roger | Director | 2022-10-12 | 2022-12-16 |
| LEUSCH, Sebastien | Director | 2023-01-16 | 2024-04-15 |
| A G SECRETARIAL LIMITED | Corporate Director | 2022-10-12 | 2022-12-16 |
| INHOCO FORMATIONS LIMITED | Corporate Director | 2022-10-12 | 2022-12-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Velocity Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-16 | Active |
| Inhoco Formations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-12 | Ceased 2022-12-16 |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-29 RESOLUTIONS Resolution
- 2022-12-29 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-25 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-02 | AA | accounts | Accounts with accounts type full | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-29 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-29 | MA | incorporation | Memorandum articles | |
| 2022-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-16 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
—
Not reported
-
Cash
-22.1%
£228,342 £177,857
-
Net assets
+8.3%
£62,914,077 £68,118,188
-
Employees
—
Not reported
-
Operating profit
+61.1%
-£772,946 -£300,370
-
Profit before tax
+88%
£2,756,839 £5,182,158
-
Wages
+81.3%
£694,395 £1,258,629
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers