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Ascend Airways Limited

05228762

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
53 / 100

Notable Risks

25/30
Filing
10/30
Financial
18/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

THE VICTORIA BARN, WICKHAM HALL, BISHOP'S STORTFORD, CM23 1JG
Incorporated 13/09/2004

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 13/09/2025

Due 27/09/2026

On track

Industry

51102
Non-scheduled passenger air transport

Officers

Mr Jonas Janukä–Nas

director · Since 11/07/2023

COMPANY DIRECTOR

LITHUANIAN · LITHUANIA · Age 49

Mr Alastair Mark Willson

director · Since 11/07/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 40

Also on 3 other boards

Persons with Significant Control

Mr Gediminas Žiemelis

50–75% shares

Lithuanian · United Arab Emirates · Age 49

Anglia House, 6 Central Avenue, Norwich, NR7 0HR

Notified 11/07/2023

Former PSCs

Mr Glen George Heavens

Ceased 11/07/2023

Charges1 outstanding

Charge
outstanding

JIN SHAN 1 IRELAND COMPANY LIMITED

Created 30/07/2025Registered 19/08/2025
charge
satisfied

HSBC BANK PLC

Created 13/09/2005Registered 15/09/2005Satisfied 10/07/2023

Insolvency History1 case

creditors voluntary liquidation14/05/2026

Matthew Robert Howard (practitioner) · Stuart Morton (practitioner)

CompanyRankvs 15+ SIC 51102 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 7.74× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -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

Outstanding charges: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2023

Net Worth

£3.0M

Balance sheet strength

Cash

£320k

Cash in the bank

Net Current Assets

£3.2M

Working capital

Current Assets

£3.7M

Current Liabilities

£477k

Fixed Assets

£112k

Debtors

£3.4M

14avg. employees+3

Tax at Year End(2022)

Corp tax£28k

Balance Sheet

Assets less current liabilities£3.3M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20237.74+£2.9M
20221.08+£3k
20211.27+£18k
20201.29+£41k
20191.02—
20180.99—

Derived from filed accounts. Not audited figures.