BUOYANCY AEROSPACE V1 LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-10-31
Confirmation statement due
2026-10-31 (in 5mo)
Last made up 2025-10-17
Watchouts
Cash
£89K
+3.4% vs 2023
Net assets
£657K
-34.6% lowest in 4 filed years
Employees
46
+7% vs 2023
Profit before tax
-£427K
+78.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-10-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £5,877,549 | £5,336,464 | £4,263,671 | £5,046,055 | |
| Operating profit | — | — | — | £1,085,283 | £748,604 | -£2,008,565 | -£422,779 | |
| Profit before tax | — | — | — | £1,076,557 | £746,258 | -£2,012,987 | -£427,231 | |
| Net profit | — | — | — | £810,252 | £607,881 | -£1,578,242 | -£348,171 | |
| Cash | — | — | — | £2,665,842 | £3,138,977 | £85,639 | £88,579 | |
| Total assets less current liabilities | — | — | — | £6,029,678 | £5,741,452 | £1,096,511 | £674,278 | |
| Net assets | — | — | — | £5,290,825 | £5,220,488 | £1,005,310 | £657,039 | |
| Equity | — | £4,379,678 | — | £5,290,825 | £5,220,488 | £1,005,310 | £657,039 | |
| Average employees | — | — | — | 54 | 52 | 43 | 46 | |
| Wages | — | — | — | £1,743,969 | £1,635,499 | £1,963,703 | £1,679,992 | |
| Directors' remuneration | — | — | — | £328,442 | £177,677 | £126,655 | £82,900 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
-
Turnover
+18.4%
£4,263,671 £5,046,055
-
Cash
+3.4%
£85,639 £88,579
-
Net assets
-34.6%
£1,005,310 £657,039
lowest in 4 filed years
-
Employees
+7%
43 46
-
Operating profit
+79%
-£2,008,565 -£422,779
-
Profit before tax
+78.8%
-£2,012,987 -£427,231
-
Wages
-14.4%
£1,963,703 £1,679,992
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 18.5% | 14.0% | -47.1% | -8.4% | |
| Net margin | — | — | — | 13.8% | 11.4% | -37.0% | -6.9% | |
| Return on capital employed | — | — | — | 18.0% | 13.0% | -183.2% | -62.7% | |
| Current ratio | — | — | — | — | — | 1.03x | 0.74x | |
| Interest cover | — | — | — | 117.70x | 155.89x | -451.16x | -94.96x |
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.
Name history
Renamed 1 time since incorporation
- BUOYANCY AEROSPACE V1 LTD 2023-06-02 → present
- PENNINE TOOLS AEROSPACE LIMITED 2002-10-17 → 2023-06-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PM+M Solutions for Business LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director confirms that no material uncertainties exist that would cast significant doubt on The Company's ability to continue as a going concern.”
Significant events
- “In July 2023, a premises that the company is the lessee of and from where trade is carried out suffered significant damage in a fire. The expenditure above relates to cost associated with the clean up of the damage caused by the fire and the related insurance proceeds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APEL, Maximilian Arno Johannes, Dr | Director | 2022-12-20 | Oct 1985 | German |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELDRUM, Douglas Bruce | Secretary | 2002-10-17 | 2021-12-21 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2002-10-17 | 2002-10-17 |
| BEAN, Derek | Director | 2002-10-17 | 2007-02-15 |
| BENNETT, Tobias James Hannu | Director | 2025-07-18 | 2025-08-18 |
| FENWICK, Allison Julie | Director | 2010-02-03 | 2022-12-20 |
| HARTLEY, Janet Lesley | Director | 2002-10-21 | 2022-12-20 |
| HURST, Ian | Director | 2002-10-21 | 2014-07-10 |
| MELDRUM, Andrew Paul | Director | 2002-10-21 | 2022-12-20 |
| MELDRUM, Carol | Director | 2007-04-06 | 2022-12-20 |
| MELDRUM, Douglas Bruce | Director | 2002-10-17 | 2021-12-21 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2002-10-17 | 2002-10-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Maximilian Arno Johannes Apel | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-19 | Active |
| Buoyancy Aerospace Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-31 | Ceased 2026-01-19 |
| Aerospace Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-30 | Ceased 2024-10-31 |
Filing timeline
Last 20 of 109 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-02 CERTNM Certificate change of name company PDF
- 2023-01-14 RESOLUTIONS Resolution
- 2023-01-08 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-02-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-06 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-31 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-05-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AA | accounts | Accounts with accounts type full | |
| 2023-06-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-06-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-08 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.