HQW AEROSPACE (UK) LIMITED
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Cash
£912k
+33.7% vs 2024
Net assets
-£18m
-0.2% vs 2024
Employees
334
-2.9% lowest in 3 filed years
Profit before tax
£1.2m
+8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
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 | £38,301,873 | £32,629,770 | £31,384,881 | -3.8% | |
| Operating profit | £2,719,222 | £1,344,137 | £1,382,770 | +2.9% | |
| Profit before tax | £2,420,365 | £1,106,018 | £1,194,263 | +8% | |
| Net profit | £1,943,081 | £1,483,197 | £539,180 | -63.6% | |
| Cash | £957,686 | £681,949 | £912,024 | +33.7% | |
| Total assets less current liabilities | £20,224,226 | -£2,923,735 | -£3,436,344 | -17.5% | |
| Net assets | -£16,535,491 | -£17,509,275 | -£17,536,189 | -0.2% | |
| Equity | -£16,535,491 | -£17,509,275 | -£17,536,189 | -0.2% | |
| Average employees | 373 | 344 | 334 | -2.9% | |
| Wages | £11,795,949 | £11,041,499 | £11,038,381 | 0% | |
| Directors' remuneration | £293,162 | £340,126 | £372,050 | +9.4% | |
| Directors' pension contributions | £15,238 | £18,322 | £35,622 | +94.4% | |
| Highest paid director | — | £134,248 | £151,008 | +12.5% |
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 | 7.1% | 4.1% | 4.4% | |
| Net margin | 5.1% | 4.5% | 1.7% | |
| Return on capital employed | 13.4% | — | — | |
| Gearing (liabilities / total assets) | 157.9% | 165.8% | 161.6% | |
| Current ratio | 2.72x | — | — | |
| Interest cover | 7.58x | 5.13x | 6.36x |
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
- HQW AEROSPACE (UK) LIMITED 2023-06-01 → present
- BARDEN CORPORATION(U.K.)LIMITED(THE) 1948-03-08 → 2023-06-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the Company's performance, financial position and the ongoing support of the Group, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Significant events
- “Subsequent to the year end, the Group identified that it was not in compliance with a financial covenant attached to its banking facilities for the quarter ended 31 March 2026. The Group engaged proactively with its lenders regarding the breach and received a waiver in respect of the covenant non-compliance. Supported by improved trading performance and financial results, the Group was compliant with all banking covenants for the quarter ended 30 June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORRIS, Neil Derwyn | Director | 2023-10-02 | Feb 1972 | British |
| STIRLING, Graham Spencer, Dr | Director | 2021-09-02 | Dec 1944 | British |
| SUN, Lie | Director | 2019-05-31 | Dec 1971 | German |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROCK, Aaron Justin James | Secretary | 2010-06-01 | 2016-07-28 |
| EVANS, Peter Jonathan Michael | Secretary | 2016-07-28 | 2019-05-31 |
| GINGELL, Ronald | Secretary | 1997-03-01 | 2010-05-31 |
| MORRIS, Anthony John | Secretary | — | 1997-02-28 |
| YOUNG, Graham Leslie | Secretary | 2019-05-31 | 2025-12-31 |
| ALLEN, Merlin John | Director | — | 1994-04-30 |
| BAUERREIS, Stefan Peter Hermann | Director | 2016-05-01 | 2019-05-31 |
| BERELSON, Irving Passon | Director | — | 1995-03-17 |
| BUCH, Robert Henry | Director | — | 1995-03-17 |
| BURNAGE, Ian Anthony | Director | 2010-07-01 | 2016-08-31 |
| DUNNE, Damian Sean | Director | 2019-05-31 | 2021-09-01 |
| ENRIGHT, Peter James | Director | 2011-01-01 | 2016-04-30 |
| EVANS, John Roger | Director | 2016-09-01 | 2016-11-30 |
| EVERETT, Jonathan Mark | Director | 2016-12-01 | 2019-05-31 |
| HENSAL, Thomas Roderick | Director | — | 1993-08-31 |
| KLEIN, Friedrich, Dr | Director | 2016-05-01 | 2016-11-30 |
| KNIGHT, Martin William | Director | 2022-02-01 | 2026-01-21 |
| MCCLOSKEY, John Albert | Director | 1994-01-01 | 2010-12-31 |
| NECKER, Armin | Director | 2019-01-16 | 2019-05-31 |
| NOSS, Stanley | Director | — | 1995-03-17 |
| PLOTZITZKA, Joerg | Director | 2021-10-01 | 2023-10-05 |
| STIRLING, Graham Spencer, Dr | Director | — | 2010-07-01 |
| WENHOLD, Gustav | Director | 2016-12-01 | 2018-10-30 |
| YOUNG, Graham Leslie | Director | 2023-10-02 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hqw Holding (Uk) Co. Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-31 | Active |
| Mr Michael Wolf Walter Soeding | Individual | Significant influence | 2018-05-14 | Ceased 2019-05-31 |
| Mr Andreas Schick | Individual | Significant influence | 2018-05-14 | Ceased 2019-05-31 |
| Mr Dietmar Heinrich | Individual | Significant influence | 2017-09-01 | Ceased 2019-05-31 |
| Dr. Stefan Spindler | Individual | Significant influence | 2017-05-08 | Ceased 2019-05-31 |
| Mrs Corinna Schittenhelm | Individual | Significant influence | 2017-05-08 | Ceased 2019-05-31 |
| Prof. Dr Peter Pleus | Individual | Significant influence | 2017-05-08 | Ceased 2019-01-01 |
| Mr Oliver Jung | Individual | Significant influence | 2017-05-08 | Ceased 2018-05-14 |
| Dr Ulrich Hauck | Individual | Significant influence | 2017-05-08 | Ceased 2017-09-01 |
| Schaeffler Ag | Corporate entity | Shares 75–100% | 2017-01-01 | Ceased 2019-05-31 |
| Mr Matthias Zink | Individual | Significant influence | 2017-01-01 | Ceased 2019-05-31 |
| Mr Georg Fw Schaeffler | Individual | Voting 75–100% (as firm) | 2016-10-24 | Ceased 2019-05-31 |
| Prof. Dr.-Ing. Peter Gutzmer | Individual | Significant influence | 2016-04-06 | Ceased 2019-05-31 |
| Mr Klaus Rosenfeld | Individual | Significant influence | 2016-04-06 | Ceased 2019-05-31 |
Filing timeline
Last 20 of 177 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | AA | accounts | Accounts with accounts type full | |
| 2026-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AD02 | address | Change sail address company with old address new address | |
| 2024-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-03 | 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
- 0
- Officers resigned
- 3
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.