MARSHALL OF CAMBRIDGE AEROSPACE LIMITED
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Cash
£697k
-92.5% lowest in 3 filed years
Net assets
£54m
-4% lowest in 3 filed years
Employees
786
-14.5% lowest in 3 filed years
Profit before tax
£20m
+236.9% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
At the date of approval of these financial statements the directors are aware that an agreement has been entered into to sell the Company which could result in a change in ownership and control of the Company within the going concern assessment period.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £173,230,000 | £144,447,000 | £130,729,000 | -9.5% | |
| Operating profit | £13,454,000 | -£14,891,000 | £20,466,000 | +237.4% | |
| Profit before tax | £39,927,000 | -£14,649,000 | £20,055,000 | +236.9% | |
| Net profit | £36,756,000 | -£10,372,000 | £19,740,000 | +290.3% | |
| Cash | £13,738,000 | £9,242,000 | £697,000 | -92.5% | |
| Total assets less current liabilities | £96,726,000 | £61,145,000 | £54,761,000 | -10.4% | |
| Net assets | £89,111,000 | £55,835,000 | £53,622,000 | -4% | |
| Equity | £89,111,000 | £55,835,000 | £53,622,000 | -4% | |
| Average employees | 1,006 | 919 | 786 | -14.5% | |
| Wages | £56,526,000 | £53,039,000 | £44,312,000 | -16.5% | |
| Directors' remuneration | £660,000 | £504,000 | £573,000 | +13.7% | |
| Directors' pension contributions | £37,000 | £28,000 | £23,000 | -17.9% | |
| Highest paid director | £455,000 | £239,000 | £562,000 | +135.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 7.8% | -10.3% | 15.7% | |
| Net margin | 21.2% | -7.2% | 15.1% | |
| Return on capital employed | 13.9% | -24.4% | 37.4% | |
| Gearing (liabilities / total assets) | 45.2% | 56.0% | 57.4% | |
| Current ratio | 1.74x | 1.35x | 1.09x | |
| Interest cover | 57.74x | — | 38.25x |
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
- MARSHALL OF CAMBRIDGE AEROSPACE LIMITED 1992-08-01 → present
- MARSHALL OF CAMBRIDGE (ENGINEERING) LIMITED 1930-02-13 → 1992-08-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“At the date of approval of these financial statements the directors are aware that an agreement has been entered into to sell the Company which could result in a change in ownership and control of the Company within the going concern assessment period.”
Group structure
- MARSHALL OF CAMBRIDGE AEROSPACE LIMITED · parent
- Aeroacademy Limited 100%
- Marshall Middle East Limited 100%
- Marshall Aerospace & Defence France SAS 100%
- Marshall USA LLC 100%
Significant events
- “In September 2026, the company's ultimate parent undertaking Marshall of Cambridge (Holdings) Limited, reached an agreement to sell the Company and its subsidiaries to Aurelius V UK Acquico Twenty Two Limited subject to regulatory approvals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOYNIHAN, Sarah Jane | Secretary | 2012-05-30 | — | — |
| BAXTER, Robert Nathaniel | Director | 2025-07-09 | Oct 1961 | British |
| ECCLES, Toby Richard | Director | 2025-12-09 | Aug 1990 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Jonathan David | Secretary | 1994-01-01 | 2012-05-30 |
| BRUCE, Gordon | Secretary | — | 1993-12-31 |
| ATKINSON, Ian Wilfred | Director | 2013-04-01 | 2017-12-31 |
| BANFIELD, Mark Graham | Director | 2020-09-01 | 2021-07-13 |
| BISHOP, Kevan John | Director | 2015-06-01 | 2018-10-30 |
| BLOOMFIELD, Michael Anthony | Director | — | 1996-11-29 |
| BROADHURST, Martin Tilston | Director | 1992-03-25 | 2010-12-31 |
| BROWNLOW, Bertrand, Air Vice-Marshal | Director | 1992-09-17 | 1994-01-14 |
| BUNNEY, Christopher John | Director | 1995-07-01 | 2010-01-31 |
| CLARK, Glen John | Director | 1994-11-18 | 2016-04-30 |
| CUMMINS, Sean Vincent | Director | 2017-01-05 | 2019-06-24 |
| DASTUR, William Charles Mason | Director | 1996-11-18 | 2016-04-30 |
| DIX, Rupert Ashley | Director | 2017-01-05 | 2020-05-23 |
| ELDRIDGE, Duncan Stuart | Director | 2021-06-03 | 2022-04-25 |
| FITZ-GERALD, Stephen John | Director | 2011-01-01 | 2017-01-13 |
| HEDDERWICK, Peter David Nelson | Director | — | 1996-05-17 |
| HUGHES, Charles Anthony | Director | 2011-09-22 | 2017-12-31 |
| HUSSEY, Keith | Director | 2012-03-31 | 2013-10-23 |
| JENNION, Neal Martin | Director | 2007-03-23 | 2017-07-31 |
| JONES, Stephen Kevin | Director | 2013-06-24 | 2015-04-30 |
| LAUD, Francis | Director | 2016-06-03 | 2017-01-09 |
| MARSHALL, Michael John, Sir | Director | — | 2016-10-01 |
| MARSHALL, Michael John, Sir | Director | — | 1992-09-12 |
| MARSHALL, Robert David | Director | 1998-06-30 | 2019-06-24 |
| MCMANUS, Neil James | Director | 2022-04-25 | 2024-02-16 |
| MCPHEE, Alistair Dickson | Director | 2017-01-09 | 2020-09-17 |
| MILNE, Michael Edward | Director | 1992-03-25 | 2009-12-07 |
| MOYNEHAN, Gary John Scott | Director | 2015-06-01 | 2022-03-23 |
| NIX, Grahame Richard | Director | 1995-07-01 | 2011-03-31 |
| PHILLIPSON, Brian | Director | 2010-04-01 | 2015-08-31 |
| PLEACE, Robert Henry | Director | — | 1993-08-31 |
| PORTER, Craig | Director | 2023-11-20 | 2025-09-23 |
| WARD, Robert Edward | Director | — | 2010-01-30 |
| WHITNEY, Nicholas Charles | Director | 2012-03-31 | 2015-01-28 |
| WILKINSON, Daney Samantha | Director | 2020-09-01 | 2023-09-01 |
| WILLIAMS, Bernard Denis | Director | — | 1993-09-01 |
| WILLIAMS, Gareth | Director | 2024-02-13 | 2025-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marshall Adg Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-05 | Active |
| Marshall Adg Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-02-05 |
Filing timeline
Last 20 of 212 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-31 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.