Excel Charter Limited
04110313
Some Concerns
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
30/04/2025
micro entity
Next accounts due
31/01/2027
Confirmation statement
Last: 28/02/2026
Due 14/03/2027
Industry
Officers
Persons with Significant Control
Mr Antoine Formosa
Maltese · Malta · Age 38
Office 4, The Clubhouse, Newbourne Road, Woodbridge, IP12 4PT
Notified 27/11/2024
Mr Graham Avery
British · England · Age 81
Office 4, The Clubhouse, Newbourne Road, Woodbridge, IP12 4PT
Notified 27/11/2024
Former PSCs
Mr Martin Wood
Ceased 19/09/2019
Mrs Alison Jane Wood
Ceased 18/06/2020
Mk Excel Ltd
Ceased 27/11/2024
Charges0 outstanding
M.W. HELICOPTERS LIMITED
Insolvency History1 case
Asher Miller (receiver manager)
CompanyRankvs 15+ SIC 51101 peers75
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/04/2025
Net Worth
£593k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£380k
Working capital
Current Assets
£548k
Current Liabilities
£168k
Fixed Assets
£214k
Tax at Year End(2022)
Director Loans(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 3.26 | +£313k | — |
| 2024 | — | +£3.2M | — |
| 2023 | 0.82 | +£640k | — |
| 2022 | 0.84 | +£97k | £297k |
| 2021 | 0.63 | -£4.0M | £565k |
| 2020 | 0.02 | +£227k | — |
| 2019 | 0.49 | +£73k | — |
| 2018 | 1.81 | — | — |
Derived from filed accounts. Not audited figures.