Shares Magazine
22.50p+0.00 (+0.00%)21 Nov 2024, 16:45
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Velocity Composites PLC Fundamentals
| Company Name | Velocity Composites PLC | Last Updated | 2024-11-21 |
|---|---|---|---|
| Industry | Aerospace & Defense | Sector | Industrials |
| Shares in Issue | 53.510 m | Market Cap | £12.04 m |
| PE Ratio | 0.00 | Dividend per Share | 0 |
| Dividend Yield | 0 | Dividend Cover | 0 |
| EPS | -£0.08 | EPS Growth (%) | 0 |
| PEG | 0 | DPS Growth (%) | 0 |
| Debt Ratio | 0.2426 | Debt Equity Ratio | 0.3400 |
| Asset Equity Ratio | 2.0818 | Cash Equity Ratio | 0.2971 |
| Quick Ratio | 1.1769 | Current Ratio | 1.75 |
| Price To Book Value | 2.0028 | ROCE | 0 |
Velocity Composites PLC Dividends
| Type | Ex-Date | Pay Date | Currency | Net Dividend | Year Total |
|---|
Velocity Composites PLC Company Financials
| Assets | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible Assets | £4.22 m | £3.37 m | £2.74 m |
| Intangible Assets | £890,000.00 | £173,000.00 | £91,000.00 |
| Investments | 0 | 0 | 0 |
| 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 Assets | 0 | 0 | 0 |
| Total Assets | £14.70 m | £9.81 m | £9.69 m |
| Liabilities | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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 Liabilities | 0 | 0 | 0 |
| Total Liabilities | £8.13 m | £6.41 m | £5.12 m |
| Net assets | £6.57 m | £3.40 m | £4.57 m |
| Equity | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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 & Minorities | 0 | 0 | 0 |
| Total Capital Employed | £6.57 m | £3.40 m | £4.57 m |
| Ratios | 2023 | 2022 | 2021 |
|---|---|---|---|
| Debt Ratio | £0.28 | £0.49 | £0.41 |
| Debt-to-Equity | £0.39 | £0.97 | £0.71 |
| Assets / Equity | 2.0818 | 2.0818 | 2.0818 |
| Cash / Equity | 0.2971 | 0.2971 | 0.2971 |
| EPS | -£0.08 | -£0.04 | -£0.03 |
| Cash Flow | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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 |
| Income | 2023 | 2022 | 2021 |
|---|---|---|---|
| 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
| Sector | Industrials |
|---|---|
| Activities | Velocity 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 Date | 9 Jul 2024 |
| Latest Fiscal Year End Date | 23 Jan 2024 |
Velocity Composites PLC Directors
| Appointed | Name | Position |
|---|---|---|
| 2024-10-07 | Mr. Robert St John Smith | Executive Director,Chief Financial Officer |
| 2019-03-25 | Mr. Mark Richard Mills | Non-Executive Director,Chairman |
| 2021-01-26 | Mr. Alan Mark Kershaw | Executive Director,Chief Financial Officer and Company Secretary |
| 2024-04-08 | Mr. Andrew Michael Beaden | Non-Executive Director,Chairman |
| 2024-11-04 | Mr. Jonathan Karl Bridges | Executive Director,Chief Executive Officer |
| 2018-08-02 | Mr. Peter Graham Turner | Non-Executive Director |
| 2021-09-15 | Dr. Margaret Mary Amos | Non-Executive Director |
| 2022-10-11 | Mr. Robert Murray Soen | Non-Executive Director |
| 2022-11-09 | Mr. Christopher Williams | Executive Director,Finance Director and Company Secretary |
| 2024-01-24 | Ms. Annette Rothwell | Non-Executive Director |
| 2024-01-24 | Dr. David Warren Bailey | Non-Executive Director |
| 2023-08-23 | Mr. Adam John Holden | Executive Director,Group Finance Director and Company Secretary |
Velocity Composites PLC Contact Details
| Company Name | Velocity Composites PLC |
|---|---|
| Address | Billington Road, AMS Technology Park, Burnley, BB11 5UB |
| Telephone | +44 1282577577 |
| Website | https://www.velocity-composites.com |
Velocity Composites PLC Advisors
| Solicitor | DWF LLP |
|---|---|
| Phone | +44 1612283702 |
| Fax | +44 1618352407 |
| Financial PR Adviser | Camarco |
|---|---|
| Phone | +44 02037574980 |
| Auditor | Grant Thornton UK LLP |
|---|---|
| Phone | +44 1619536900 |
| Fax | +44 1618326042 |
| Registrar | Equiniti Ltd. |
|---|---|
| Phone | +44 1214157082 |
| Stockbroker | FinnCap |
|---|---|
| Phone | +44 2072200500 |
| Fax | +44 2076001659 |
| Nominated Adviser | FinnCap |
|---|---|
| Phone | +44 2072200500 |
| Fax | +44 2076001659 |
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