BUOYANCY AEROSPACE LTD
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£89K
Latest balance sheet
Net assets
£4M
Equity attributable
Employees
46
Average over period
Profit before tax
-£1M
Period ending 2024-10-31
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · latest reflected 2024-10-31
| Metric | Trend | 2022-06-15 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|
| Turnover | — | £3,643,721 | £5,046,055 | |
| Operating profit | — | -£2,160,239 | -£1,059,845 | |
| Profit before tax | — | -£2,271,144 | -£1,193,747 | |
| Net profit | — | -£1,803,190 | -£1,081,776 | |
| Cash | — | £110,070 | £88,579 | |
| Total assets less current liabilities | — | £5,950,331 | £4,669,593 | |
| Net assets | — | £4,984,130 | £3,902,354 | |
| Equity | £0 | £4,984,130 | £3,902,354 | |
| Average employees | — | 43 | 46 | |
| Wages | — | £1,300,920 | £1,679,992 | |
| Directors' remuneration | — | £67,491 | £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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-06-15 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|
| Operating margin | — | -59.3% | -21.0% | |
| Net margin | — | -49.5% | -21.4% | |
| Return on capital employed | — | -36.3% | -22.7% | |
| Gearing (liabilities / total assets) | — | 46.0% | 57.6% | |
| Current ratio | — | 0.71x | 0.54x | |
| Interest cover | — | -19.22x | -7.92x |
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 LTD 2024-06-26 → present
- WINGS HOLDCO LIMITED 2022-06-16 → 2024-06-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- 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.”
Group structure
- BUOYANCY AEROSPACE LTD · parent
- Buoyancy Aerospace V1 Limited 100%
Significant events
- “On 17 January 2025, the Company relocated its registered office to The Scalpel, 52 Lime Street, London EC3M 7AF, reflecting the Company's growing strategic presence and international expansion.”
- “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 directors are still evaluating the impact of the damage, which is expected to be covered by the company's insurance policies. To date, insurance proceeds totaling £736,360 (2023 £500,000) have been recognised. Of this, amounts relating to fire damage clean up costs are £586,360 (2023: £350,000) as well as the amounts to replace damaged fixed assets of £150,000 (2023: £150,000).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2025-01-15 | — | — |
| APEL, Maximilian Arno Johannes, Dr | Director | 2022-06-16 | Oct 1985 | German |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2022-06-16 | 2025-01-15 |
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 | 2022-06-16 | Active |
Filing timeline
Last 18 of 18 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-26 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-31 | AA | accounts | Accounts with accounts type group | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-07-04 | AA | accounts | Accounts with accounts type group | |
| 2024-06-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-21 | AA01 | accounts | Change account reference date company current extended | |
| 2023-01-12 | SH01 | capital | Capital allotment shares | |
| 2023-01-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-06 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-16 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.