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Airflo Fishing Products Limited

12171694

active
Private Limited Company
Companies House
Health Score
57 / 100

Notable Risks

25/30
Filing
0/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

UNIT 6, BRECON, LD3 8LA
Incorporated 23/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22290
Manufacture of other plastic products
32300
Manufacture of sports goods
32990
Other manufacturing
93199
Other amusement and recreation activities

Officers

Mr Gareth Ieuan Jones

director · Since 29/05/2020

DIRECTOR

BRITISH · WALES · Age 55

Also on 1 other board

Mr Jonathan Patrick Jones

director · Since 11/08/2021

DIRECTOR

BRITISH · WALES · Age 62

Persons with Significant Control

Mr James Collis

Significant control

American · United States · Age 63

10126, E. Hualapai Dr., Scottsdale

Notified 06/11/2019

Former PSCs

Bvg Group Limited

Ceased 06/11/2019

David Cuyler Dragoo

Ceased 30/11/2025

Charges4 outstanding

Charge
outstanding

HSBC EQUIPMENT FINANCE (UK) LTD

Created 25/08/2021Registered 25/08/2021
Charge
outstanding

HSBC UK BANK PLC

Created 23/07/2020Registered 24/07/2020
Charge
outstanding

HSBC UK BANK PLC

Created 19/06/2020Registered 06/07/2020
Charge
outstanding

DBW INVESTMENTS (10) LIMITED

Created 30/06/2020Registered 02/07/2020

CompanyRankvs 2325+ SIC 22290 peers
18

Financial strength0th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.44× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding 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.

Employees14/15 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.

Longevity7/15 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

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

intervals, based on this periodic review , the continued support of the Parent Company and the company's plans, the directors consider it appropriate to prepare the financial statements on the going concern basis. Material uncertainty relating to going concern We drew attention to note 1 in the financial statements, which indicates that the Company is reliant on the continued support of the

Key FinancialsYear ending 31/12/2024

Net Worth

-£5.6M

Balance sheet strength

Cash

£215

Cash in the bank

Net Current Assets

-£3.0M

Working capital

Current Assets

£2.4M

Current Liabilities

£5.4M

Fixed Assets

£3.7M

Debtors

£880k

41avg. employees-2

Tax at Year End

Corp tax£10k

Balance Sheet

Intangible assets£826k
Bank loans & overdrafts£88k
Assets less current liabilities£757k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.44-£1.9M
20230.71

Derived from filed accounts. Not audited figures.