Back to search

Specialist Aviation Manufacturing Limited

01179848

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

JUBILEE HOUSE, LETCHWORTH GARDEN CITY, SG6 1WU
Incorporated 06/08/1974

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr David Eric Spencer

director · Since 20/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 6 other boards

Mr Nicolas Jonathan Cole

director · Since 31/07/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Mr Nicolas Jonathan Cole

25–50% shares

British · England · Age 58

Jubilee House, Jubilee Road, Letchworth Garden City, SG6 1WU

Notified 31/07/2020

Former PSCs

Specialist Aviation Holdings Ltd

Ceased 31/07/2020

Mr David Eric Spencer

Ceased 28/11/2025

Charges1 outstanding

Charge
outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 10/09/2020Registered 18/09/2020
Charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 04/03/2016Registered 11/03/2016Satisfied 08/09/2020
charge
satisfied

LLOYDS BANK LTD

Created 12/08/1975Registered 19/08/1975Satisfied 13/09/2002

CompanyRankvs 501+ SIC 25620 peers
65

Financial strength76th percentile among SIC peers · 19/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.44× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£547k

Balance sheet strength

Cash

£94k

Cash in the bank

Net Current Assets

£344k

Working capital

Current Assets

£1.1M

Current Liabilities

£789k

Fixed Assets

£495k

Debtors

£540k

33avg. employees+7

Tax at Year End

Corp tax£22k

Balance Sheet

Bank loans & overdrafts£5k
Assets less current liabilities£838k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.44+£140k
20231.74+£261k
20221.42+£101k
20211.18
20192.15
20182.15

Derived from filed accounts. Not audited figures.