Volare Aviation Limited
08557765
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/11/2023
full
Next accounts due
30/11/2025
Confirmation statement
Last: 08/01/2026
Due 22/01/2027
Industry
Officers
director · Since 03/06/2019
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 66
Also on 9 other boards
director · Since 01/12/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 50
Also on 3 other boards
Persons with Significant Control
Mr Dustin Sean Dryden
British · United Kingdom · Age 50
Hangar 14, Langford Lane, Kidlington, OX5 1QX
Notified 04/04/2017
Former PSCs
Mr John Michael Wellfair
Ceased 30/11/2021
Charges1 outstanding
HSBC UK BANK PLC
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CompanyRankvs 58+ SIC 51102 peers60
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/11/2023
Turnover
£34.0M
Annual revenue
Net Worth
£2.1M
Balance sheet strength
Cash
£444k
Cash in the bank
Profit Before Tax
£894k
Bottom line earnings
Net Current Assets
£1.5M
Working capital
Current Assets
£13.5M
Current Liabilities
£12.0M
Fixed Assets
£664k
Debtors
£9.9M
Cost of Sales
£26.6M
Gross Profit
£7.4M
Admin Expenses
£6.5M
Operating Profit
£905k
Profit After Tax
£654k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.13 | +£654k |
| 2022 | 1.15 | +£515k |
| 2021 | 1.16 | — |
Derived from filed accounts. Not audited figures.