Velocity Tuning Essex Ltd

Key Facts

Net Assets

Current: £24,656

Previous: £11,404

Change: +13,252 (+116.2%)

Comment: Significant rise in net assets and liabilities.

Current Assets

Current: £24,139

Previous: £3,776

Change: +£20,363 (+539.3%)

Comment: Current assets increased significantly.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £55,403

Previous: £86,311

Change: -£30,908 (-35.8%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £24,139

Previous: £316

Change: +£23,823 (+7538.9%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

Fixed Assets

Current: £55,919

Previous: £74,590

Change: -£18,671 (-25%)

Comment: Fixed assets reduced noticeably.

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.