UK Companies House feature
ASCEND AIRWAYS LIMITED
Cash
£320K
+47.3% vs 2022
Net assets
£3M
+3,637.6% vs 2022
Employees
14
+27.3% vs 2022
Profit before tax
—
Period ending 2023-12-31
Profile
- Company number
- 05228762
- Status
- Active
- Incorporation
- 2004-09-13
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 51102
Net assets
5-year trend · vs UK Logistics & Mobility median
Accounts
5-year trend · latest 2023-12-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | |
| Net profit | — | — | — | — | — | |
| Cash | £173,697 | £268,713 | £465,681 | £216,981 | £319,548 | |
| Total assets less current liabilities | £18,543 | £148,547 | £234,109 | £79,732 | £3,326,007 | |
| Net assets | £18,543 | £59,054 | £126,609 | £79,732 | £2,980,077 | |
| Equity | £18,543 | £59,054 | £126,609 | £79,732 | £2,980,077 | |
| Average employees | 11 | 11 | 11 | 11 | 14 | |
| Wages | — | — | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Regardless of first year of operation generating loss and having considered the Company's expected future positive cash flows, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. No material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern have been identified by the Directors. Thus, the Company continues to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Company has secured an additional long-term loan of EUR 5.5 million from a related partycompany, ASG Finance DAC, at the beginning of January 2025, intended for working capital financing.”
- “Among the non-adjusting events the Company has redelivered one aircraft and successfully leased three more aircraft subsequent to the year-end.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JANUKĖNAS, Jonas | Director | 2023-07-11 | Jul 1976 | Lithuanian |
| WILLSON, Alastair Mark | Director | 2023-07-11 | Apr 1986 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITTION, Fiona | Secretary | 2004-09-13 | 2008-12-13 |
| HEAVENS, Hannah Elizabeth | Secretary | 2011-08-01 | 2023-07-11 |
| MCLOUGHLIN, Carmel Marie | Secretary | 2009-08-04 | 2010-12-16 |
| MIR, Taqi Ullah | Secretary | 2008-12-13 | 2009-08-04 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-09-13 | 2004-09-13 |
| BRITTION, Fiona | Director | 2004-09-13 | 2008-12-13 |
| EDWARDS, David Philip | Director | 2017-10-24 | 2019-06-30 |
| HEAVENS, Glen George | Director | 2004-09-13 | 2023-07-11 |
| HEAVENS, Hannah Elizabeth | Director | 2023-07-07 | 2023-07-11 |
| MAGAN, Patrick George Biddulph | Director | 2008-12-13 | 2010-06-29 |
| WELLS, Thomas Clayton | Director | 2017-10-24 | 2019-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gediminas Žiemelis | Individual | Shares 50–75% | 2023-07-11 | Active |
| Mr Glen George Heavens | Individual | Shares 75–100% | 2016-08-31 | Ceased 2023-07-11 |
Filing timeline
Last 20 of 104 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-25 | AA | accounts | accounts with accounts type full |
| 2025-09-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-08-19 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-09-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-09-11 | AA | accounts | accounts with accounts type audited abridged |
| 2023-10-24 | SH08 | capital | capital name of class of shares |
| 2023-10-24 | MA | incorporation | memorandum articles |
| 2023-10-24 | RESOLUTIONS | resolution | resolution |
| 2023-10-23 | CERTNM | change-of-name | certificate change of name company |
| 2023-10-20 | AD01 | address | change registered office address company with date old address new address |
| 2023-10-18 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-10-17 | SH01 | capital | capital allotment shares |
| 2023-09-28 | AA01 | accounts | change account reference date company current extended |
| 2023-09-06 | PSC01 | persons-with-significant-control | notification of a person with significant control |
| 2023-09-06 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-07-18 | TM01 | officers | termination director company with name termination date |
| 2023-07-18 | TM02 | officers | termination secretary company with name termination date |
| 2023-07-18 | TM01 | officers | termination director company with name termination date |
| 2023-07-18 | AP01 | officers | appoint person director company with name date |
| 2023-07-18 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory