VELOCITY TECHNOLOGY GROUP LTD
Executive Summary
Velocity Technology Group Ltd is a micro-entity IT consultancy newly established in 2021 with a lean operational model and full ownership by a South African parent company, positioning it as an agile but nascent player in the UK IT services sector. Its competitive advantage lies in potential cross-border synergies and focused specialist services, though current negative net assets and a one-person team constrain its scale and market presence. Strategic growth depends on leveraging parent company resources, expanding service offerings, and scaling the workforce to capitalize on UK SME digital transformation demand while mitigating financial and competitive risks.
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V Cubed Technology (Pty) Ltd
- Correspondence address
- Velocity Group, 64 Sunset Avenue, Johannesburg, South Africa, 2191
- Notified on
- 2021-12-10
- Governing law
- South Africa
- Legal form
- Proprietary Limited
- Place registered
- Cipc
- Registration number
- 2007/028849/07
- Nature of control
- Owns more than 75% of the company's shares
Has more than 75% of the voting rights in the company
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