Varialift Airships Plc
06180690
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/04/2011
DESIGN ENGINEER
BRITISH · ENGLAND · Age 82
Also on 1 other board
Persons with Significant Control
Mr Alan Handley
21 Diamond Park Drive, Wordsley, Stourbridge, DY8 4YB
Notified 03/01/2017
CompanyRankvs 55+ SIC 30300 peers66
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attention to the financial statements, which indicate that the company incurred a net loss of £28,226 during the year ending 29th December 2024. This indicates significant doubts
Key FinancialsYear ending 29/12/2024
Net Worth
£684k
Balance sheet strength
Cash
£854
Cash in the bank
Net Current Assets
£4k
Working capital
Current Assets
£18k
Current Liabilities
£14k
Fixed Assets
£730k
Debtors
£17k
Admin Expenses
£28k
Operating Profit
-£28k
Profit After Tax
-£28k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.28 | -£26k |
| 2023 | 1.95 | -£2k |
| 2022 | 0.70 | +£654k |
| 2021 | 0.30 | — |
Derived from filed accounts. Not audited figures.