Ired Limited
04260219
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/10/2022
EXECUTIVE VICE-PRESIDENT
CANADIAN · CANADA · Age 68
Also on 1 other board
director · Since 01/01/2025
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 68
Also on 3 other boards
Persons with Significant Control
Former PSCs
Mr Ray Faulkner
Ceased 31/10/2023
Volatus Aerospace Corp
Ceased 18/05/2026
Charges1 outstanding
LLOYDS BANK COMMERCIAL FINANCE LIMITED
NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
CompanyRankvs 3297+ SIC 71200 peers30
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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
incur further operating losses in the short term with the continued ramp up of business activities to service evolving market demands in a nascent industry. The company's ability to continue as a going concern is dependent upon the company's parent company, Volatus Aerospace Corp., continuing to provide financial support. Additional funding has now been secured at group level. Volatus Aerospace
Key FinancialsYear ending 31/12/2024
Net Worth
-£209k
Balance sheet strength
Cash
£208k
Cash in the bank
Net Current Assets
-£351k
Working capital
Current Assets
£947k
Current Liabilities
£1.3M
Fixed Assets
£163k
Debtors
£616k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.73 | -£345k |
| 2023 | 1.24 | -£50k |
| 2022 | 1.10 | +£211k |
| 2022 | 1.52 | +£84k |
| 2021 | 1.30 | -£53k |
| 2020 | 1.43 | -£109k |
| 2019 | 1.56 | — |
Derived from filed accounts. Not audited figures.