Alternative Airlines Limited
02885223
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2025
group
Next accounts due
31/07/2027
Confirmation statement
Last: 06/01/2026
Due 20/01/2027
Industry
Officers
director · Since 28/03/1994
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 70
Also on 8 other boards
Persons with Significant Control
Mr Samuel Paul Argyle
British · England · Age 38
Suite 6f, Gatwick House, Peeks Brook Lane, Horley, RH6 9ST
Notified 28/10/2021
Former PSCs
Mr Paul Graham Argyle
Ceased 28/10/2021
Charges0 outstanding
BARCLAYS BANK PLC
ISLANDSFLUG HF
BARCLAYS BANK PLC
CompanyRankvs 21+ SIC 79110 peers80
Show leaderboard
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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 concern are d
Key FinancialsYear ending 31/10/2023
Net Worth
£9.2M
Balance sheet strength
Cash
£12.9M
Cash in the bank
Net Current Assets
£9.1M
Working capital
Current Assets
£15.6M
Current Liabilities
£6.6M
Fixed Assets
£115k
Debtors
£2.7M
Profit After Tax
£5.5M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 2.38 | +£2.5M |
| 2022 | 1.88 | +£4.2M |
| 2021 | 1.96 | +£1.8M |
| 2020 | 1.91 | +£603k |
| 2019 | 1.43 | +£0 |
| 2018 | 1.35 | — |
Derived from filed accounts. Not audited figures.