FERRA SYSTEMS LTD

C/O FOX WILLIAMS, 10 FINSBURY SQUARE, LONDON, EC2A 1AF

Company Number: 10022619
Incorporation date: 24-Feb-2016
Status: Active
Entity type: Private Limited Company

SIC codes:
30300 Manufacture of air and spacecraft and related machinery





SUMMARY

This company is 8.1 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of USD -4.5 thousand but has improved from USD -6.5 thousand in the previous year. The latest reported revenue figure is USD 51.3 thousand which is up 20% on previous year's figure of USD 42.1 thousand. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (USD -4.8 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2023
Accounts Filed: FULL (31-Dec-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 USD 51,335 2,432 462 1,970
31-Dec-2018 USD 42,052 2,002 380 1,622
31-Dec-2017 USD -8,377 -8,377


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 USD 2,713 97,535 102,056 1 -4,785 -4,521
31-Dec-2018 USD 7 49,582 9 -6,480
31-Dec-2017 USD 4,110 4,111 -8,377 -8,599

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 USD 100.00% 1 0 1 -1,360
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Resigned Arthur GAKA 24 Feb 2016 31 Jul 2018 0 - 1
Resigned Markus Ulrich SCHERRER 24 Feb 2016 05 Apr 2022 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Robert KIRKPATRICK 05 Apr 2022 Company Director American 2 - 00 (0.0%)
Active David ROGERS 05 Apr 2022 Company Director British 1 - 00 (0.0%)
Resigned Jeff RUSIEWICZ 05 Apr 2022 31 Oct 2023 Company Director American 0 - 10 (0.0%)
Resigned Arthur Tungamirai GAKA 21 Jul 2016 31 Dec 2018 Accountant Australian 0 - 10 (0.0%)
Resigned Markus Ulrich SCHERRER 24 Feb 2016 05 Apr 2022 Director Australian 0 - 10 (0.0%)
Number of active directors: 2
Average tenure of active directors: 2.0 years
Average tenure of resigned directors: 3.4 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
FERRA SYSTEMS LTD (10022619) - Active
FERRA HOLDINGS LIMITED (10238820) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-02-23
FERRA HOLDINGS LIMITEDORDINARY1
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

FERRA SYSTEMS LTD

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 30300 Manufacture of air and spacecraft and related machinery)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BAE SYSTEMS (OPERATIONS) LIMITED VICTORY POINT, LYON WAY, FRIMLEY, CAMBERLEY, SURREY, ENGLAND, GU16 7EX 01996687 2017-12-31 6,501,000,000 435,000,000 84220-Defence activities
AIRBUS OPERATIONS LIMITED PEGASUS HOUSE AEROSPACE AVENUE, FILTON, BRISTOL, BS34 7PA 03468788 2017-12-31 5,254,000,000 486,000,000
GE AIRCRAFT ENGINE SERVICES LIMITED CAERPHILLY ROAD, NANTGARW, CARDIFF, CF15 7YJ 02605713 2017-12-31 3,216,001,000 186,542,000
GKN AEROSPACE SERVICES LIMITED 11TH FLOOR THE COLMORE BUILDING, COLMORE CIRCUS QUEENSWAY, BIRMINGHAM, UNITED KINGDOM, B4 6AT 00355922 2017-12-31 800,399,000 175,727,000
SAFRAN LANDING SYSTEMS UK LTD CHELTENHAM ROAD EAST, GLOUCESTER, GLOUCESTERSHIRE, GL2 9QH 03548809 2017-12-31 793,876,000 81,102,000
SAFRAN NACELLES LIMITED BANCROFT ROAD, BURNLEY, LANCASHIRE, BB10 2TQ 02344610 2017-12-31 173,022,000 2,369,000
SAFRAN ELECTRICAL & POWER UK LTD PITSTONE GREEN BUSINESS PARK WESTFIELD ROAD, PITSTONE, LEIGHTON BUZZARD, ENGLAND, LU7 9GT 08292872 2017-12-31 124,738,000 -8,400,000
SAFRAN HELICOPTER ENGINES UK LIMITED CONCORDE WAY, SEGENSWORTH NORTH, FAREHAM, ENGLAND, PO15 5RL 01148466 2017-12-31 107,313,000 5,634,000 33160-Repair and maintenance of aircraft and spacecraft
IPECO HOLDINGS LIMITED AVIATION WAY, SOUTHEND ON SEA, ESSEX, SS2 6UN 00672443 2017-12-31 88,249,000 30,654,000
ONTIC ENGINEERING & MANUFACTURING UK LIMITED CLEEVE BUSINESS PARK, BISHOPS CLEEVE, CHELTENHAM, GLOUCESTERSHIRE, UNITED KINGDOM, GL52 8TW 06707516 2017-12-31 69,112,843 9,747,739
AIM ALTITUDE UK LIMITED 11TH FLOOR LANDMARK ST PETERS SQUARE, 1 OXFORD STREET, MANCHESTER, M1 4PB 01004276 2017-12-31 60,112,000 1,850,000
BULWELL PRECISION ENGINEERS LIMITED NASMYTH GROUP LIMITED, NASMYTH BUILDING COVENTRY ROAD, EXHALL, COVENTRY, CV7 9FT 00568879 2018-01-31 34,033,000 2,530,000
SILCOMS LIMITED PIGGOTT STREET, FARNWORTH, BOLTON, BL4 9QN 00350911 2018-03-31 19,212,061 0
MJH SERVICES (COTSWOLDS) LIMITED 2 STRATTON HEIGHTS, CIRENCESTER, GLOUCESTERSHIRE, GL7 2RH 04967945 2018-11-30 166,107 0
P BINNS ENGINEERING LTD 46 CANADA DRIVE, COTTINGHAM, NORTH HUMBERSIDE, HU16 5EJ 08229644 2018-09-30 72,480 0
TZY LIMITED 49 THE MOORINGS, COVENTRY, ENGLAND, CV1 4LR 08105457 2019-07-31 71,888 0
MARK KILN ENGINEERING LIMITED 2 THE PRECINCT, REST BAY, PORTHCAWL, MID GLAMORGAN, CF36 3RF 07746862 2017-08-31 70,730 0
ELSEB DESIGN LTD 3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH 07935879 2018-02-28 63,888 0
ANR DESIGN LIMITED 3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH 07700491 2018-07-31 61,455 0
ROTARU SYSTEMS LTD 3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH 07784466 2018-09-30 58,760 0
ADEPTECH LTD 2 BRETTON HALL OFFICES, CHESTER ROAD, BRETTON, CHESTER, ENGLAND, CH4 0DF 09420975 2018-02-28 48,363 0
KIM & NIKKI ALVARIO LIMITED 123 FURTHERWICK ROAD, CANVEY ISLAND, ESSEX, UNITED KINGDOM, SS8 7AT 08394999 2018-03-31 47,837 0
GRAHAM LEVER SERVICES LIMITED 2 AVERON RISE, MOORSIDE, OLDHAM, LANCASHIRE, OL1 4NX 05683753 2019-03-31 46,498 0
ECOQUILLA LIMITED 123 FURTHERWICK ROAD, CANVEY ISLAND, ESSEX, UNITED KINGDOM, SS8 7AT 08926191 2018-03-31 43,357 0
AVIATION COMPOSITE ENGINEERING SERVICES LTD 123 FURTHERWICK ROAD, CANVEY ISLAND, ESSEX, UNITED KINGDOM, SS8 7AT 08893556 2018-03-31 40,960 0
DIESEL AIR LIMITED OLNEY HOUSE, HIGH STREET, OLNEY, BUCKS, MK46 4EB 03193531 2018-03-31 17,581 0
CROSSCOUNTRY AERO LTD 71-75 71-75 SHELTON STREET, LONDON, ENGLAND, WC2H 9JQ 08557428 2018-06-30 196 0 62020-Information technology consultancy activities
62090-Other information technology service activities
63990-Other information service activities not elsewhere classified
ACOLOCA LIMITED BOWDEN RISE PANGBOURNE, YATTENDON ROAD, READING, RG8 8PT 05224283 2018-09-30 0 0 62012-Business and domestic software development
AIRCRAFT INTEGRATED SOLUTIONS LIMITED INTERNATIONAL HOUSE, 12 CONSTANCE STREET, LONDON, ENGLAND, E16 2DQ 09931728 2018-12-31 0 0
ROTECH DESIGN LTD 3RD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH 07841018 2018-11-30 0 0
VARIALIFT AIRSHIPS PLC 21 DIAMOND PARK DRIVE, WORDSLEY, STOURBRIDGE, WEST MIDLANDS, ENGLAND, DY8 4YB 06180690 2018-12-31 0 0
GE INFRASTRUCTURE AVIATION CHELTENHAM ROAD, BISHOPS CLEEVE, CHELTENHAM, GLOUCESTERSHIRE, GL52 8SF 06378241 0000-00-00 0 0 52230-Service activities incidental to air transportation
96090-Other service activities not elsewhere classified
L3 COMMERCIAL TRAINING SOLUTIONS LIMITED THE BROADGATE TOWER THIRD FLOOR, 20 PRIMROSE STREET, LONDON, UNITED KINGDOM, EC2A 2RS 05815706 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
FERRA SYSTEMS LTD 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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