ZEROAVIA LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
Cash
£4M
-57.6% vs 2023
Net assets
-£60M
-86.8% lowest in 5 filed years
Employees
220
+8.4% highest in 5 filed years
Profit before tax
-£40M
-23.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
A material uncertainty exists regarding the Company's ability to continue as a going concern due to the need for additional equity funding by Q1 2026, which is not yet secured. This could adversely impact operations if delayed or failed.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-10-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £40,500 | £2,988 | |
| Operating profit | — | — | — | -£28,049,715 | -£31,701,904 | |
| Profit before tax | — | — | — | -£31,935,627 | -£39,537,608 | |
| Net profit | — | — | — | -£28,748,010 | -£35,975,526 | |
| Cash | £159,777 | £149,672 | £870,012 | £10,408,853 | £4,417,182 | |
| Total assets less current liabilities | -£82,672 | -£3,667,718 | £6,753,048 | £13,804,706 | -£12,829,899 | |
| Net assets | — | -£3,667,718 | -£7,659,998 | -£32,081,154 | -£59,932,224 | |
| Equity | -£82,672 | -£3,667,718 | -£7,659,998 | -£32,081,154 | -£59,932,224 | |
| Average employees | 2 | 8 | 37 | 203 | 220 | |
| Wages | — | — | — | £16,239,538 | £16,607,998 | |
| Directors' remuneration | — | — | — | £855,958 | £825,427 |
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 2024-12-31 vs 2023-12-31
-
Turnover
-92.6%
£40,500 £2,988
-
Cash
-57.6%
£10,408,853 £4,417,182
-
Net assets
-86.8%
-£32,081,154 -£59,932,224
lowest in 4 filed years
-
Employees
+8.4%
203 220
highest in 5 filed years
-
Operating profit
-13%
-£28,049,715 -£31,701,904
-
Profit before tax
-23.8%
-£31,935,627 -£39,537,608
-
Wages
+2.3%
£16,239,538 £16,607,998
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 | 2019-10-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -203.2% | 247.1% | |
| Gearing (liabilities / total assets) | — | — | — | 198.9% | 278.0% | |
| Current ratio | — | — | — | 1.44x | 0.59x | |
| Interest cover | — | — | — | -7.22x | -4.04x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“A material uncertainty exists regarding the Company's ability to continue as a going concern due to the need for additional equity funding by Q1 2026, which is not yet secured. This could adversely impact operations if delayed or failed.”
Group structure
- ZEROAVIA LTD · parent
- ZeroAvia Inc 100%
Significant events
- “In March 2025, the Company secured £5.8 million in government funding from InnovateUK to conduct R&D and develop LH-SIFT (Liquid Hydrogen System Integration for Flight Testing) technology. The LH-SIFT project is expected to begin in mid-2025 and run for up to 24 months.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, John William Royston | Director | 2026-03-17 | Apr 1984 | British |
| KISELEV, Sergey | Director | 2020-03-01 | Feb 1975 | British |
| MIFTAKHOV, Valery, Dr | Director | 2018-10-09 | Apr 1975 | American |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EGOROV, Georgy | Secretary | 2024-09-23 | 2026-01-09 |
| MIFTAKHOV, Valery, Dr | Secretary | 2018-10-09 | 2024-09-23 |
| AKULINICHEVA, Ekaterina | Director | 2019-07-01 | 2023-12-31 |
| EGOROV, Georgy | Director | 2024-01-01 | 2026-01-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Zeroavia, Inc | Corporate entity | Shares 75–100% | 2019-08-11 | Active |
| Miss Ekaterina Akulinicheva | Individual | Significant influence | 2019-08-01 | Ceased 2019-08-01 |
| Dr Valery Miftakhov | Individual | Shares 75–100% | 2019-07-28 | Ceased 2021-03-26 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-25 | CH01 | officers | Change person director company with change date | |
| 2025-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-09-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-08-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-30 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.