Orbital Express Launch Limited
09580714
Details
Compliance
Last accounts
31/12/2023
group
Next accounts due
31/12/2025
Confirmation statement
Last: 13/01/2025
Due 27/01/2026
Industry
Officers
director · Since 18/07/2018
CORPORATE FINANCIAL MANAGER
SPANISH · SPAIN · Age 48
director · Since 18/01/2024
CEO
BRITISH · ENGLAND · Age 46
Also on 4 other boards
director · Since 08/05/2025
FOUNDER DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 12 other boards
Persons with Significant Control
Former PSCs
Mr Christopher Nigel Larmour
Ceased 07/05/2018
Charges4 outstanding
THE DEPARTMENT FOR SCIENCE, INNOVATION & TECHNOLOGY
THE DEPARTMENT FOR SCIENCE, INNOVATION AND TECHNOLOGY
HIGHLANDS AND ISLANDS ENTERPRISE
HIGHLANDS AND ISLANDS ENTERPRISE
Insolvency History1 case
Chad Griffin (practitioner) · Geoffrey Paul Rowley (practitioner) · Graham David Smith (practitioner)
CompanyRankvs 15+ SIC 30300 peers16
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
through equity funding, which is not guaranteed. This indicate the existence of a material uncertainty which may cast significant doubt on the Group’s and the Company’s ability to continue as going concerns and therefore the Group and the Company may be unable to realise their assets and discharge their liabilities in the normal course of business. The capital to be raised from the equity
Key FinancialsYear ending 31/12/2023
Net Worth
£13.2M
Balance sheet strength
Cash
£15.6M
Cash in the bank
Net Current Assets
£13.2M
Working capital
Current Assets
£16.5M
Current Liabilities
£5.2M
Fixed Assets
£2.2M
Debtors
£2.8M
Admin Expenses
£20.6M
Profit After Tax
-£16.2M
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 3.15 |
Derived from filed accounts. Not audited figures.