Trustair Limited
02496910
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/01/2009
SOLICITOR
BRITISH · ISLE OF MAN · Age 61
Also on 13 other boards
director · Since 08/06/2016
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 75 other boards
secretary · Since 01/03/2022
Persons with Significant Control
Ms Kathryn Revitt
British · Isle Of Man · Age 61
Lynton House, Ackhurst Park, Chorley, PR7 1NY
Notified 11/10/2021
Mr Michael Robert Jelski
British · Isle Of Man · Age 44
Lynton House, Ackhurst Park, Chorley, PR7 1NY
Notified 20/09/2023
Former PSCs
Mr Trevor James Hemmings
Ceased 20/09/2023
Mr Robert Antony Eugenuisz Jelski
Ceased 20/09/2023
Charges0 outstanding
CLOSE BROTHERS LIMITED
CLOSE BROTHERS LIMITED
BANK OF SCOTLAND PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES OR ANY PERSON APPOINTED AS SEC
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
THE GOVERNOR AND THE COMPANY OF THE BANK OF SCOTLANDAS SECURITY TRUSTEE FOR & ON BEHALF OF ITSE
THE GOVERNOR AND THE COMPANY OF THE BANK OF SCOTLANDAS SECURITY TRUSTEE FOR & ON BEHALF OF ITSE
THE GOVERNOR AND COMPANY OF THE BRITISH OF SCOTLAND
CompanyRankvs 715+ SIC 51102 peers36
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£300k
Annual revenue
Net Worth
-£619k
Balance sheet strength
Cash
£12k
Cash in the bank
Profit Before Tax
-£663k
Bottom line earnings
Net Current Assets
-£1.6M
Working capital
Current Assets
£266k
Current Liabilities
£1.9M
Fixed Assets
£1.1M
Debtors
£252k
Cost of Sales
£933k
Gross Profit
-£633k
Admin Expenses
£31k
Operating Profit
-£664k
Profit After Tax
-£616k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.14 | -£616k |
| 2024 | 0.28 | -£202k |
| 2023 | 0.20 | -£64k |
| 2022 | 0.09 | — |
Derived from filed accounts. Not audited figures.