Overwatch Aerospace Ltd
12449472
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
27/02/2025
full
Next accounts due
27/11/2026
Confirmation statement
Last: 06/02/2026
Due 20/02/2027
Industry
Officers
Andrew George Michael
director · Since 07/02/2020
British
Richard Kevin Smith
director · Since 25/10/2022
British
Former
James Wells
secretary · Resigned 15/01/2026
John Maurice Maynard Ponsonby
director · Resigned 22/10/2022
Gareth Martin John Vaughan
director · Resigned 07/11/2023
CompanyRankvs 105+ SIC 30300 peers70
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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
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
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 9.08 | +£7.1M |
| 2023 | 3.04 | — |
Derived from filed accounts. Not audited figures.