VOLARE AVIATION LIMITED
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Next accounts due
2025-11-30
Overdue
Confirmation statement due
2027-01-22 (in 8mo)
Last made up 2026-01-08
Watchouts
Cash
£444K
+573.3% highest in 4 filed years
Net assets
£2M
+45.9% highest in 4 filed years
Employees
64
+14.3% highest in 3 filed years
Profit before tax
£894K
+24.8% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-11-30.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-11-30 | 2019-11-30 | 2020-11-30 | 2021-11-30 | 2022-11-30 | 2023-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.4% | 2.7% | |
| Net margin | — | — | — | — | 1.8% | 1.9% | |
| Return on capital employed | — | — | — | — | 48.3% | 41.5% | |
| Interest cover | — | — | — | — | 149.58x | 82.60x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- 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.”
Group structure
- VOLARE AVIATION LIMITED · parent
- AVIAA Ltd 100%
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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2022 → FY2023 · period ending 2023-11-30 vs 2022-11-30
-
Turnover
+11.1%
£30,606,733 £34,014,815
-
Cash
+573.3%
£65,972 £444,172
highest in 4 filed years
-
Net assets
+45.9%
£1,424,313 £2,077,860
highest in 4 filed years
-
Employees
+14.3%
56 64
highest in 3 filed years
-
Operating profit
+25.5%
£720,662 £904,673
-
Profit before tax
+24.8%
£715,844 £893,721
-
Wages
+34.5%
£2,542,019 £3,418,329
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers