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Overwatch Aerospace Ltd

12449472

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

C/O XL ASSOCIATES HAZARA HOUSE, WOLVERHAMPTON, WV2 3AA
Incorporated 07/02/2020

Compliance

Last accounts

27/02/2025

full

Next accounts due

27/11/2026

On track

Confirmation statement

Last: 06/02/2026

Due 20/02/2027

On track

Industry

30300
Manufacture of air and spacecraft and related machinery
71129
Other engineering activities
72190
Other research and experimental development on natural sciences and engineering

Officers

Mr Andrew George Michael

director · Since 07/02/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 18 other boards

Mr Richard Kevin Smith

director · Since 25/10/2022

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Persons with Significant Control

Overwerx Ltd

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

Hazara House, C/O X L Associates, Wolverhampton, WV2 3AA

Reg: 12403501 · Uk Register Of Companies · Private Company Limited By Shares

Notified 07/02/2020

CompanyRankvs 37+ SIC 30300 peers
71

Financial strength99th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 9.08× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

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

Key FinancialsYear ending 27/02/2024

Net Worth

£15.3M

Balance sheet strength

Cash

£13.0M

Cash in the bank

Profit Before Tax

£8.8M

Bottom line earnings

Net Current Assets

£15.1M

Working capital

Current Assets

£17.0M

Current Liabilities

£1.9M

Fixed Assets

£259k

Debtors

£3.7M

Cost of Sales

£5.0M

Admin Expenses

£2.4M

Profit After Tax

£7.1M

30avg. employees+22

Tax at Year End

Corp tax£1.7M

People Costs

Wages & salaries£1.7M

Balance Sheet

Intangible assets£92k
Assets less current liabilities£15.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20249.08+£7.1M
20233.04—

Derived from filed accounts. Not audited figures.