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North East Flight Academy Limited

11598196

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

NEWCASTLE INTERNATIONAL AIRPORT, NEWCASTLE UPON TYNE, NE13 8BT
Incorporated 01/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Lord John Arthur Stevens

director · Since 01/10/2018

CHIEF EXECUTIVE OFFICER

BRITISH · UNITED KINGDOM · Age 83

Mrs Tracy Virgo

director · Since 06/02/2021

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 58

Also on 11 other boards

Persons with Significant Control

Lord John Arthur Stevens

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 83

Newcastle International Airport, Southside, Newcastle Upon Tyne, NE13 8BT

Notified 01/10/2018

Former PSCs

Ben Harrison

Ceased 31/12/2019

CompanyRankvs 119822+ SIC 82990 peers
39

Financial strength3th percentile among SIC peers · 1/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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119822North East Flight Academy Limited
38
How is this score calculated?
Financial strength1/25 pts

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

Employees13/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

-£126k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£175k

Working capital

Current Assets

£14k

Current Liabilities

£189k

Fixed Assets

£50k

Debtors

£2k

3avg. employees

Tax at Year End

VAT£952
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.07-£15k£19k
20230.03-£20k£5k
20220.06-£17k£17k
20210.28-£22k—
20200.12-£31k—
20190.12——

Derived from filed accounts. Not audited figures.