Vectair Systems Limited
02245377
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 8 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/01/2006
CO DIRECTOR
BRITISH · UNITED KINGDOM · Age 62
Also on 11 other boards
director · Since 23/12/2020
DIRECTOR
BRITISH · UNITED KINGDOM · Age 62
Also on 4 other boards
Persons with Significant Control
Former PSCs
Vectair Holdings Limited
Ceased 27/11/2020
Vectair Acquistion Holdings, Llc
Ceased 28/04/2026
Charges8 outstanding
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CompanyRankvs 170+ SIC 32990 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operatio
Key FinancialsYear ending 31/10/2024
Turnover
£15.4M
Annual revenue
Net Worth
£9.9M
Balance sheet strength
Cash
£2.0M
Cash in the bank
Profit Before Tax
£2.2M
Bottom line earnings
Net Current Assets
£9.2M
Working capital
Current Assets
£11.4M
Current Liabilities
£2.2M
Fixed Assets
£1.0M
Debtors
£6.5M
Cost of Sales
£9.7M
Gross Profit
£5.7M
Admin Expenses
£5.3M
Operating Profit
£2.2M
Profit After Tax
£2.3M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.12 | +£2.3M |
| 2023 | 3.22 | -£48k |
| 2022 | 2.30 | +£533k |
| 2021 | 2.49 | — |
Derived from filed accounts. Not audited figures.