UK Companies House feature
VOLARE AVIATION LIMITED
Cash
£444K
+573.3% vs 2022
Net assets
£2M
+45.9% vs 2022
Employees
64
+14.3% vs 2022
Profit before tax
£894K
+24.8% vs 2022
Profile
- Company number
- 08557765
- Status
- Active
- Incorporation
- 2013-06-05
- Last accounts made up
- 2023-11-30
- Account category
- FULL
- Primary SIC
- 51102
Net assets
6-year trend · vs UK Logistics & Mobility median
Accounts
6-year trend · latest 2023-11-30
| Metric | Trend | 2018-11-30 | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £30,606,733 | £34,014,815 | |
| Operating profit | — | — | — | — | £720,662 | £904,673 | |
| Profit before tax | — | — | — | — | £715,844 | £893,721 | |
| Net profit | — | — | — | — | £552,245 | £653,547 | |
| Cash | £259,783 | £354,767 | — | — | £65,972 | £444,172 | |
| Total assets less current liabilities | £22,194 | £395,162 | — | — | £1,492,472 | £2,180,902 | |
| Net assets | £13,410 | £316,775 | — | — | £1,424,313 | £2,077,860 | |
| Equity | £13,410 | £316,775 | £395,579 | £872,068 | £1,424,313 | £2,077,860 | |
| Average employees | — | 19 | — | — | 56 | 64 | |
| Wages | — | — | — | — | £2,542,019 | £3,418,329 |
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
- Kynance Ltd t/as England and Company
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”
Subsidiaries
- AVIAA Ltd · 100% held · Service activities incidental to aviation
Significant events
- “The business continues to offer its' full suite of services, with the introduction of larger and longer range aircraft, and completed its relocation in June 2023 into our new purpose built office and showroom accommodation, around 10,000 sq ft, adjacent to our 32,000 sq ft of Hangars at Oxford Airport.”
- “The Company continues its development strategy under the brand, eVolare which was launched in association with Lilium GmbH, for the future introduction of sales, management and maintenance of the eVTOL (electric Vertical Take Off & Landing) aircraft, thus ensuring our place in the future, with consideration of the environmental challenges affecting aviation.”
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
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CALLAN, Kevin Andrew | Director | 2019-06-03 | Jun 1960 | British |
| DRYDEN, Dustin Sean | Director | 2020-12-01 | Jun 1976 | British |
| TUDOR, Terence | Director | 2016-09-15 | Apr 1970 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PAYNE, Nigel Terrence | Secretary | 2013-06-05 | 2014-02-01 |
| CARTER, Graham Anthony | Director | 2018-03-01 | 2020-03-31 |
| CLITHEROW, Lucy | Director | 2016-09-15 | 2018-06-19 |
| DRYDEN, Dustin Sean | Director | 2013-06-05 | 2016-01-08 |
| GRAVELL, Warren Edward | Director | 2020-03-02 | 2024-09-30 |
| JONES, Brian Leslie | Director | 2013-06-05 | 2015-03-02 |
| PERRY, Arthur Christopher | Director | 2013-06-05 | 2017-07-21 |
| ROLLS, George Henry | Director | 2013-06-05 | 2015-04-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Dustin Sean Dryden | Individual | Shares 75–100% | 2017-04-04 | Active |
| Mr John Michael Wellfair | Individual | Shares 75–100% | 2016-04-06 | Ceased 2021-11-30 |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-11-06 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-04-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-02-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-11-29 | AA | accounts | accounts with accounts type full |
| 2024-11-06 | MR04 | mortgage | mortgage satisfy charge full |
| 2024-10-03 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-10-01 | TM01 | officers | termination director company with name termination date |
| 2024-01-08 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-11-30 | AA | accounts | accounts with accounts type full |
| 2023-01-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-01-09 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-11-14 | MR01 | mortgage | mortgage create with deed |
| 2022-11-07 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-11-07 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-10-12 | PSC01 | persons-with-significant-control | notification of a person with significant control |
| 2022-08-30 | AA | accounts | accounts with accounts type total exemption full |
| 2022-01-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-08-20 | AA | accounts | accounts with accounts type total exemption full |
| 2021-01-20 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2023-11-30
1.31
GREY ZONE
Altman Z″
- Working capital / Total assets 0.107 × 6.56 = +0.70
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.064 × 6.72 = +0.43
- Book equity / Total liabilities 0.172 × 1.05 = +0.18
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory