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Air Projects Limited

06464424

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

4 SWANBRIDGE INDUSTRIAL PARK, WITHAM, CM8 3YN
Incorporated 04/01/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43390
Other building completion and finishing

Officers

Mr Alan Wheal

director · Since 22/04/2022

GROUP CEO

BRITISH · GIBRALTAR · Age 58

Mr Mark Leonard Wheeler

director · Since 22/04/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 26 other boards

Ms Paula Elizabeth Miller

director · Since 28/04/2025

CFO

BRITISH · ENGLAND · Age 54

Also on 16 other boards

Persons with Significant Control

Ea-Rs Group Limited

75–100% shares
75–100% votes
Appoint directors

4, Swanbridge Industrial Park, Witham, CM8 3YN

Reg: 13057063 · England And Wales - Companies House · Private Limited Company

Notified 22/04/2022

Former PSCs

Mr Shaun Michael Sutton

Ceased 22/04/2022

Mandy Jane Sutton

Ceased 22/04/2022

Charges2 outstanding

Charge
outstanding

ROCKPOOL (SECURITY TRUSTEE) LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 24/05/2023Registered 25/05/2023
Charge
outstanding

ARES MANAGEMENT LIMITED

Created 16/09/2022Registered 21/09/2022
Charge
satisfied

ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED

Created 09/06/2022Registered 16/06/2022Satisfied 20/09/2023
charge
satisfied

BARCLAYS BANK PLC

Created 30/10/2009Registered 12/11/2009Satisfied 24/10/2016

CompanyRankvs 144+ SIC 43390 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 7.88× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -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

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

Key FinancialsYear ending 30/09/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£50k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.5M

Current Liabilities

£196k

Fixed Assets

£9k

Debtors

£1.5M

18avg. employees+3

Balance Sheet

Assets less current liabilities£1.4M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20247.88+£480k
20233.95+£332k
20224.65+£153k
20212.93+£152k
20202.05+£10k
20192.57+£112k
20181.69+£114k
20161.08—

Derived from filed accounts. Not audited figures.