MI AIRCREW TRAINING LTD

Executive Summary

Mi Aircrew Training Ltd demonstrates ongoing financial distress characterized by negative net assets and consistent working capital deficits, posing significant solvency and liquidity risks. While regulatory compliance and stable management provide some operational steadiness, the company’s minimal capitalization and worsening financial position warrant caution. Further due diligence is essential to evaluate the company's viability and funding strategies.

MI AIRCREW TRAINING LTD - Analysis Report

Company Number: 13140610

Analysis Date: 2025-07-29 20:52 UTC

1. Risk Rating: HIGH
   The company exhibits persistent net current liabilities and net negative shareholders' funds over several years, raising substantial solvency concerns. The micro-entity status and minimal share capital (£2) provide limited financial buffer.

2. Key Concerns:

• Negative Net Assets: The net liabilities increased from -£3,943 in 2021 to -£5,978 in 2024, indicating deteriorating financial position without signs of recovery.
• Working Capital Deficit: Current liabilities consistently exceed current assets by approximately £5,000 to £5,500, signaling liquidity stress and potential cash flow constraints.
• Limited Capitalization: The company’s share capital is only £2, which is negligible relative to its liabilities and highlights minimal equity support from shareholders.

3. Positive Indicators:

• Compliance: There are no overdue filings; the latest accounts and confirmation statements have been filed on time with Companies House, demonstrating regulatory compliance.
• Stable Management: Directors have remained constant since incorporation with relevant aviation experience (pilots), suggesting operational continuity.
• Micro-Entity Filing: The company benefits from simplified reporting requirements, reducing administrative burdens.

4. Due Diligence Notes:

• Investigate the company’s cash flow management and sources of funding given persistent working capital deficits.
• Review contracts or client base in the "Service activities incidental to air transportation" sector to assess revenue prospects and operational viability.
• Examine any related party transactions or director loans that may be supporting the company financially.
• Confirm if there are any contingent liabilities or off-balance sheet exposures not reflected in the accounts.
• Assess plans or strategies management has to improve financial position or secure additional capital.