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Heavyweight Air Express Limited

03410368

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

DONINGTON COURT PEGASUS BUSINESS PARK, EAST MIDLANDS AIRPORT, DE74 2UZ
Incorporated 28/07/1997

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/07/2025

Due 11/08/2026

On track

Industry

51210
Freight air transport

Officers

Mr Colin Richard White

director · Since 09/12/2002

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 62

Also on 61 other boards

Mr Colin Richard White

secretary · Since 13/04/2005

BRITISH · UNITED KINGDOM · Age 62

Also on 61 other boards

Mr Richard Thackeray

director · Since 01/07/2007

BUSINESS DEV MANAGER

BRITISH · UNITED STATES · Age 58

Also on 3 other boards

Mr Neville Karai

director · Since 05/03/2015

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 5 other boards

Persons with Significant Control

Hae Group Ltd

75–100% shares
75–100% votes

3 Cygnus Court, Beverley Road, Derby, DE74 2SA

Reg: 5961281 · United Kingdom · Private Limited

Notified 28/07/2016

Charges6 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 13/10/2015Registered 13/10/2015
Charge
outstanding

LLOYDS BANK PLC

Created 14/02/2014Registered 15/02/2014
charge
outstanding

LLOYDS TSB BANK PLC

Created 10/08/2012Registered 14/08/2012
charge
outstanding

LLOYDS TSB BANK PLC

Created 02/12/2010Registered 10/12/2010
charge
outstanding

LLOYDS TSB BANK PLC

Created 02/12/2010Registered 10/12/2010
charge
outstanding

LLOYDS TSB BANK PLC

Created 02/12/2010Registered 10/12/2010
charge
satisfied

AIB GROUP (UK) PLC TRADING AS ALLIED IRISH BANK (GB)

Created 26/02/2007Registered 09/03/2007Satisfied 24/12/2010
charge
satisfied

AIB GROUP (UK) P.L.C.

Created 04/07/2005Registered 05/07/2005Satisfied 24/12/2010
charge
satisfied

AIB GROUP (UK) P.L.C.

Created 04/07/2005Registered 05/07/2005Satisfied 13/04/2012

CompanyRankvs 15+ SIC 51210 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.22× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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

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

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 31/12/2024

Turnover

£19.5M

Annual revenue

Net Worth

£23.2M

Balance sheet strength

Cash

—

Cash in the bank

Profit Before Tax

£2.8M

Bottom line earnings

Net Current Assets

£20.5M

Working capital

Current Assets

£37.3M

Current Liabilities

£16.8M

Fixed Assets

£3.4M

Debtors

£42k

Cost of Sales

£12.2M

Gross Profit

£7.3M

Admin Expenses

£4.5M

Operating Profit

£2.8M

Profit After Tax

£2.5M

58avg. employees

Tax at Year End

Corp tax£1.4M

People Costs

Wages & salaries£1.4M
NI contributions£132k

Balance Sheet

Intangible assets£2.4M
Assets less current liabilities£23.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20242.22

Derived from filed accounts. Not audited figures.