GE AVIATION SYSTEMS LIMITED
Formerly known as Smiths Aerospace, this subsidiary of General Electric Company manufactures electronic components and avionics systems for the aerospace and defence sectors.
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Cash
—
Latest balance sheet
Net assets
£245m
USD 329,678,000
+6.3% highest in 3 filed years
Employees
2,257
+1.9% highest in 3 filed years
Profit before tax
£26m
USD 34,757,000
+1,369.4% first positive since 2024
Net assets
3-year trend · vs Technology 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 | £404,272,485 | £497,720,471 | £523,077,551 | +5.1% | |
| Operating profit | £31,072,830 | -£2,760,267 | £25,608,163 | +1,027.7% | |
| Profit before tax | £28,989,170 | -£2,031,996 | £25,793,692 | +1,369.4% | |
| Net profit | £57,847,277 | £10,571,474 | £31,997,774 | +202.7% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £458,861,246 | £481,243,235 | £478,494,991 | -0.6% | |
| Net assets | £217,908,492 | £230,261,859 | £244,658,998 | +6.3% | |
| Equity | £217,908,492 | £230,261,859 | £244,658,998 | +6.3% | |
| Average employees | 2,101 | 2,215 | 2,257 | +1.9% | |
| Wages | £124,529,116 | £148,507,641 | £149,815,213 | +0.9% | |
| Directors' remuneration | £903,312 | £2,200,732 | £2,018,553 | -8.3% | |
| Directors' pension contributions | £120,075 | £179,879 | £143,228 | -20.4% | |
| Highest paid director | £241,720 | £707,577 | £484,601 | -31.5% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 7.7% | -0.6% | 4.9% | |
| Net margin | 14.3% | 2.1% | 6.1% | |
| Return on capital employed | 6.8% | -0.6% | 5.4% | |
| Gearing (liabilities / total assets) | 66.2% | 64.7% | 64.3% | |
| Current ratio | 1.64x | 1.98x | 2.00x | |
| Interest cover | 14.60x | -2.59x | 7.04x |
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 3 times since incorporation
- GE AVIATION SYSTEMS LIMITED 2007-10-29 → present
- SMITHS AEROSPACE LIMITED 2001-06-15 → 2007-10-29
- SMITHS INDUSTRIES AEROSPACE & DEFENCE SYSTEMS LIMITED 1983-11-18 → 2001-06-15
- SPECTO AVIONICS LIMITED 1963-01-03 → 1983-11-18
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the company will have sufficient funds to continue in operational existence for at least 12 months from the date of approval of these financial statements and they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “The Company is aware of matters which may give rise to a claim by a customer in connection with late deliveries, mostly occurring after the balance sheet date, in early 2026. At the date of approval of these financial statements, no formal claim has been notified.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THATCHER, Alex | Secretary | 2024-09-26 | — | — |
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2009-12-01 | — | — |
| BASU, Garima | Director | 2025-01-08 | Aug 1969 | British |
| BILBAO LAREDO, Gaizka | Director | 2023-09-27 | Jun 1977 | Spanish |
| CHESTNEY, Jonathan Andrew | Director | 2023-09-27 | Mar 1968 | British |
| HAIGH, John | Director | 2020-01-28 | Oct 1968 | British |
| JOHNSTON, Henry Frank | Director | 2020-07-02 | Apr 1979 | British |
| RYAN, Michelle Nicola | Director | 2025-01-08 | Aug 1987 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURDETT, Neil Robert | Secretary | 2000-12-11 | 2007-05-04 |
| CHUBB, Tristan Keith | Secretary | 2015-12-15 | 2024-09-26 |
| MCALISTER, Bruce Alastair | Secretary | 2007-05-04 | 2014-06-16 |
| SMITH, Alan | Secretary | — | 2000-12-11 |
| WEIGEL, William Breck | Secretary | 2014-06-16 | 2015-12-15 |
| MAWLAW SECRETARIES LIMITED | Corporate Secretary | 2007-10-24 | 2009-11-17 |
| ALBRECHT, Ronald Charles | Director | 1998-09-01 | 2006-06-01 |
| ANDERSON, Alasdair John | Director | 2023-09-27 | 2024-09-26 |
| BARBER, Norman Victor | Director | — | 2000-07-31 |
| BLACKMAN, Anthony Lionel | Director | — | 1992-12-31 |
| BRADLEY, Thomas William | Director | 2015-03-27 | 2017-01-20 |
| CARROLL, Philip | Director | 2007-05-04 | 2010-07-09 |
| COLLINS, Philip Howard | Director | 1998-09-01 | 2001-10-02 |
| DONOVAN, Ian Edward | Director | 1998-09-01 | 2000-07-31 |
| DONOVAN, Ian Edward | Director | — | 1998-09-01 |
| FERRIE, John, Dr | Director | 2000-09-01 | 2008-12-31 |
| FORD, Toby Duncan | Director | 2011-04-11 | 2015-09-24 |
| HUGHES, Nigel Howard | Director | — | 1997-08-15 |
| JACKSON, Derek Ian | Director | — | 1994-08-31 |
| JONES, Alan | Director | 2012-06-06 | 2014-06-16 |
| JONES, Martin Hartley, Dr | Director | 2000-05-19 | 2002-12-18 |
| JONES, Martin Hartley, Dr | Director | — | 1995-02-01 |
| JONES, Michael David | Director | 1998-09-01 | 2007-05-04 |
| KNIGHT, Brian Roy William | Director | 2003-03-10 | 2007-12-31 |
| KNIGHT, Michael William Patrick, Sir | Director | 1993-01-01 | 1995-02-28 |
| LAITY, Paul Danton | Director | 2014-06-16 | 2021-01-07 |
| LEGG, John Malcolm | Director | 1995-02-14 | 2002-10-31 |
| LINACRE, Simon | Director | 2011-04-11 | 2016-12-16 |
| MACKINTOSH, Euan Kenneth | Director | — | 1998-09-30 |
| NEWTON, Ian Paul Lewis | Director | — | 1994-08-26 |
| SEEMAYER, Bradley Josef | Director | 2018-06-13 | 2025-01-08 |
| SHELLEY, Daniel Todd | Director | 2020-01-28 | 2024-07-08 |
| SHEPPARD, David | Director | 1995-02-14 | 2000-05-19 |
| SLATE, Liam Martin | Director | 2015-09-24 | 2025-01-08 |
| SPIERS, Donald Maurice, Sir | Director | 1995-08-06 | 1998-07-30 |
| STEVENSON, Anthony Roy | Director | — | 1996-10-31 |
| SUTTON, Benjamin | Director | 2010-04-01 | 2012-12-03 |
| TAYLOR, Stephen Joseph | Director | 2008-09-01 | 2010-10-07 |
| THORNTON, Graham Kenneth, Dr | Director | — | 1999-12-31 |
| TONGUE, Peter Richard | Director | 1998-09-01 | 2002-12-18 |
| TOWERS, Oliver | Director | 2008-09-01 | 2020-07-02 |
| TROWBRIDGE, Mark | Director | 2025-01-08 | 2025-11-26 |
| WILTON, Nicholas John | Director | 1995-02-14 | 2001-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ge Infrastructure Aviation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 257 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-07 RESOLUTIONS Resolution
- 2026-06-07 MA Memorandum articles
- 2026-06-05 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-13 | AA | accounts | Accounts with accounts type full | |
| 2026-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-07 | MA | incorporation | Memorandum articles | |
| 2026-06-05 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-10-12 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.