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Parnall Aircraft Company Limited

11515580

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

15 - 19 WESTGATE STREET, LAUNCESTON, PL15 7AB
Incorporated 14/08/2018

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/03/2026

Due 19/03/2027

On track

Industry

33160
Repair and maintenance of aircraft and spacecraft

Officers

Mr Robert Mark Braddon Parnall

director · Since 14/08/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 67

Also on 10 other boards

Mr Nicholas Brian Buckland Obe

director · Since 07/01/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 7 other boards

Persons with Significant Control

Parnall Group Limited

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

15-19 Westgate Street, Launceston, PL15 7AB

Reg: 08382896 · England/Wales · Limited Company

Notified 06/04/2019

Former PSCs

Parnall Engineering Advanced Limited

Ceased 06/04/2019

Charges1 outstanding

Charge
outstanding

VARIOUS LOAN NOTEHOLDERS

Created 19/03/2021Registered 07/04/2021

CompanyRankvs 1704+ SIC 33160 peers
17

Financial strength0th percentile among SIC peers · 0/25
Employees12th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.4× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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 31/12/2024

Net Worth

-£909k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£906k

Working capital

Current Assets

£616k

Current Liabilities

£1.5M

Fixed Assets

£2k

Debtors

£12k

0avg. employees-1

Tax at Year End

Corp tax£0

Balance Sheet

Assets less current liabilities-£904k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.40-£634k
20230.82-£72k
20220.87-£39k
20210.89-£207k
20201.05
20190.97

Derived from filed accounts. Not audited figures.