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Velocity Composites PLC Fundamentals

Company NameVelocity Composites PLCLast Updated2024-03-28
IndustryAerospace & DefenseSectorIndustrials
Shares in Issue53.468 mMarket Cap£16.58 m
PE Ratio0.00Dividend per Share0
Dividend Yield0Dividend Cover0
EPS-£0.08EPS Growth (%)0
PEG0DPS Growth (%)0
Debt Ratio0.2413Debt Equity Ratio0.3893
Asset Equity Ratio2.2384Cash Equity Ratio0.4839
Quick Ratio1.1583Current Ratio1.72
Price To Book Value2.6867ROCE0

Velocity Composites PLC Dividends

TypeEx-DatePay DateCurrencyNet DividendYear Total

Velocity Composites PLC Company Financials

Assets202320222021
Tangible Assets£4.22 m£3.37 m£2.74 m
Intangible Assets£890,000.00£173,000.00£91,000.00
Investments000
Total Fixed Assets£5.11 m£3.54 m£2.83 m
Stocks£2.74 m£1.41 m£877,000.00
Debtors£3.28 m£2.24 m£1.90 m
Cash & Equivalents£3.18 m£2.34 m£3.48 m
Other Assets000
Total Assets£14.70 m£9.81 m£9.69 m
Liabilities202320222021
Creditors within 1 year£5.58 m£3.12 m£1.88 m
Creditors after 1 year£2.56 m£3.30 m£3.24 m
Other Liabilities000
Total Liabilities£8.13 m£6.41 m£5.12 m
Net assets£6.57 m£3.40 m£4.57 m
Equity202320222021
Called up share capital£133,000.00£91,000.00£91,000.00
Share Premium£4.87 m£9.73 m£9.73 m
Profit / Loss-£3.14 m-£1.50 m-£1.55 m
Other Equity£6.57 m£3.40 m£4.57 m
Preference & Minorities000
Total Capital Employed£6.57 m£3.40 m£4.57 m
Ratios202320222021
Debt Ratio£0.28£0.49£0.41
Debt-to-Equity£0.39£0.97£0.71
Assets / Equity2.23842.23842.2384
Cash / Equity0.48390.48390.4839
EPS-£0.08-£0.04-£0.03
Cash Flow202320222021
Cash from operating activities-£1.83 m£280,000.00£325,000.00
Cashflow before financing£2.96 m-£776,000.00£259,000.00
Increase in Cash£834,000.00-£1.13 m£208,000.00
Income202320222021
Turnover£16.41 m£11.96 m£9.77 m
Cost of sales£13.32 m£9.21 m£7.23 m
Gross Profit£3.09 m£2.75 m£2.54 m
Operating Profit-£2.82 m-£1.32 m-£1.36 m
Pre-Tax profit-£3.14 m-£1.50 m-£1.55 m

Velocity Composites PLC Company Background

SectorIndustrials
ActivitiesVelocity Composites PLC is a provider of engineered composite material kits to the aerospace industry. The company has operational functions across Europe, the UK, the U.S and the rest of the world. It generates maximum revenue from the United Kingdom. It offers Structural Pre-preg Kits, Engineered Vacuum Bag Material Kits, Honeycomb, Core Potting Compounds, Co-bonded Materials, Process & Tooling Aids, and Engineering Support Services. Revenue arises mainly from the sale of structural and consumable materials for use within the aerospace industry.
Latest Interim Date11 Jul 2023
Latest Fiscal Year End Date23 Jan 2024

Velocity Composites PLC Directors

AppointedNamePosition
2019-03-25Mr. Mark Richard Mills Non-Executive Director,Chairman
2021-01-26Mr. Alan Mark Kershaw Executive Director,Chief Financial Officer and Company Secretary
2024-01-24Mr. Andrew Michael Beaden Non-Executive Director,Chairman
2024-01-23Mr. Jonathan Karl BridgesExecutive Director,Chief Executive Officer
2018-08-02Mr. Peter Graham TurnerNon-Executive Director
2021-09-15Dr. Margaret Mary AmosNon-Executive Director
2022-10-11Mr. Robert Murray SoenNon-Executive Director
2022-11-09Mr. Christopher WilliamsExecutive Director,Finance Director and Company Secretary
2024-01-24Ms. Annette RothwellNon-Executive Director
2024-01-24Dr. David Warren BaileyNon-Executive Director
2023-08-23Mr. Adam John HoldenExecutive Director,Group Finance Director and Company Secretary

Velocity Composites PLC Contact Details

Company NameVelocity Composites PLC
AddressBillington Road, AMS Technology Park, Burnley, BB11 5UB
Telephone+44 1282577577
Websitehttps://www.velocity-composites.com

Velocity Composites PLC Advisors

SolicitorDWF LLP
Phone+44 1612283702
Fax+44 1618352407
Financial PR AdviserCamarco
Phone+44 02037574980
AuditorGrant Thornton UK LLP
Phone+44 1619536900
Fax+44 1618326042
RegistrarEquiniti Ltd.
Phone+44 1214157082
StockbrokerFinnCap
Phone+44 2072200500
Fax+44 2076001659
Nominated AdviserFinnCap
Phone+44 2072200500
Fax+44 2076001659