Agc Aerospace Limited
07220275
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/05/2020
CEO
AMERICAN · UNITED STATES · Age 59
Also on 4 other boards
Charges0 outstanding
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
CALTIUS PARTNERS IV, LP (AS AGENT)
PNC BANK, NATIONAL ASSOCIATION
UNITECH FINANCE CO. 1, INC
PNC BUSINESS CREDIT (A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD)
PNC BUSINESS CREDIT, A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD
CompanyRankvs 1102720+ SIC 82990 peers37
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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
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect
Key FinancialsYear ending 31/12/2024
Turnover
£15.5M
Annual revenue
Net Worth
-£20.9M
Balance sheet strength
Cash
£1.3M
Cash in the bank
Profit Before Tax
£2.3M
Bottom line earnings
Net Current Assets
-£26.3M
Working capital
Current Assets
£11.6M
Current Liabilities
£37.8M
Fixed Assets
£6.0M
Debtors
£9.4M
Cost of Sales
£6.8M
Gross Profit
£8.7M
Admin Expenses
£4.9M
Operating Profit
£3.8M
Profit After Tax
£1.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.31 | +£1.2M |
| 2023 | 0.27 | +£1.5M |
| 2022 | 0.24 | -£2.0M |
| 2021 | 0.31 | +£385k |
| 2020 | 0.21 | — |
Derived from filed accounts. Not audited figures.