Ired Limited
04260219
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 24/04/2026
Due 08/05/2027
Industry
Officers
director · Since 31/10/2022
EXECUTIVE VICE-PRESIDENT
CANADIAN · CANADA · Age 69
Also on 1 other board
director · Since 01/01/2025
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 69
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 3299+ 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
statements have been prepared under the historical cost convention. The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£). Going concern The financial statements have been prepared on a going concern basis. The directors have assessed the company's ability to continue as a going concern. The entity continues to be supported by its p
Key FinancialsYear ending 31/12/2025
Net Worth
-£641k
Balance sheet strength
Cash
£236k
Cash in the bank
Net Current Assets
-£766k
Working capital
Current Assets
£1.0M
Current Liabilities
£1.8M
Fixed Assets
£131k
Debtors
£600k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.57 | -£432k |
| 2024 | 0.73 | -£345k |
| 2023 | 1.24 | — |
Derived from filed accounts. Not audited figures.