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Aire Innovate Limited

13942096

active
Private Limited Company
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)
  • Going concern doubt noted in accounts (-10)

Details

AIRESIDE HOUSE, LEEDS, LS1 4HT
Incorporated 25/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Michael Kristian Odling-Smee

director · Since 25/02/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Mr Joseph Samuel Waller

director · Since 25/02/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Persons with Significant Control

Joseph Samuel Waller

25–50% shares
25–50% votes

British · United Kingdom · Age 51

Aireside House, Aire Street, Leeds, LS1 4HT

Notified 25/02/2022

Michael Kristian Odling-Smee

25–50% shares
25–50% votes

British · United Kingdom · Age 52

Aireside House, Aire Street, Leeds, LS1 4HT

Notified 25/02/2022

CompanyRankvs 10603+ SIC 62012 peers
59

Financial strength95th percentile among SIC peers · 24/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.4× · 12/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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10603Aire Innovate Limited
69
How is this score calculated?
Financial strength24/25 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.

Liquidity12/20 pts

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

Longevity4/15 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going conce

Key FinancialsYear ending 31/05/2024

Net Worth

£484k

Balance sheet strength

Cash

£142k

Cash in the bank

Net Current Assets

£234k

Working capital

Current Assets

£815k

Current Liabilities

£581k

Fixed Assets

£250k

Debtors

£674k

6avg. employees-2

Balance Sheet

Intangible assets£1
Assets less current liabilities£484k
Signed by Dr Michael Odling-Smee 24 February 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.40+£116k
20231.67—

Derived from filed accounts. Not audited figures.