Flybits Uk Limited
08073569
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 17/05/2026
Due 31/05/2027
Industry
Officers
director · Since 17/05/2012
DIRECTOR OF RESEARCH AND INNOVATION
CANADIAN · UNITED KINGDOM · Age 46
Persons with Significant Control
Former PSCs
Hossein Rahnama
Ceased 07/12/2018
CompanyRankvs 38078+ SIC 62012 peers27
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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
4 was unqualified . The auditor drew attention to note 1.2 which indicates that a material uncertainty may exist in relation to the strategic important of the Company and its ability to continue as a going concern. The audit report was signed on 9 December 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited . 3. Employees The average mo
Key FinancialsYear ending 31/12/2024
Net Worth
-£2.4M
Balance sheet strength
Cash
£15k
Cash in the bank
Net Current Assets
-£2.4M
Working capital
Current Assets
£18k
Current Liabilities
£2.4M
Debtors
£2k
Profit After Tax
-£125k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.01 | -£36k |
| 2023 | 0.00 | -£136k |
| 2022 | 0.02 | -£555k |
| 2021 | 0.03 | -£757k |
| 2020 | 0.07 | -£390k |
| 2019 | 0.06 | — |
Derived from filed accounts. Not audited figures.