FR AVIATION LIMITED
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Cash
£19m
-67.2% lowest in 3 filed years
Net assets
£69m
+7.2% highest in 3 filed years
Employees
670
+18.2% highest in 3 filed years
Profit before tax
£24m
+14.4% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £86,559,000 | £131,707,000 | £134,728,000 | +2.3% | |
| Operating profit | -£6,063,000 | £18,649,000 | £23,565,000 | +26.4% | |
| Profit before tax | -£6,371,000 | £21,181,000 | £24,236,000 | +14.4% | |
| Net profit | -£8,105,000 | £16,537,000 | £18,666,000 | +12.9% | |
| Cash | £70,205,000 | £56,483,000 | £18,509,000 | -67.2% | |
| Total assets less current liabilities | — | £114,671,000 | £93,969,000 | -18.1% | |
| Net assets | £47,556,000 | £64,104,000 | £68,705,000 | +7.2% | |
| Equity | £47,556,000 | £64,104,000 | £68,705,000 | +7.2% | |
| Average employees | 497 | 567 | 670 | +18.2% | |
| Wages | £30,247,000 | £38,115,000 | £48,399,000 | +27% | |
| Directors' remuneration | £1,286,000 | £2,379,000 | £2,327,000 | -2.2% | |
| Directors' pension contributions | £77,000 | £87,000 | £92,000 | +5.7% | |
| Highest paid director | £398,000 | £1,499,000 | £1,175,000 | -21.6% |
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 | -7.0% | 14.2% | 17.5% | |
| Net margin | -9.4% | 12.6% | 13.9% | |
| Return on capital employed | — | 16.3% | 25.1% | |
| Gearing (liabilities / total assets) | 70.5% | 62.1% | 56.1% | |
| Current ratio | 2.09x | 2.08x | 1.00x | |
| Interest cover | -14.54x | 47.82x | 43.48x |
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 2 times since incorporation
- FR AVIATION LIMITED 1985-02-11 → present
- FLIGHT REFUELLING (SERVICES) LIMITED 1982-09-14 → 1985-02-11
- BROOM FILTERS LIMITED 1965-04-09 → 1982-09-14
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- FR AVIATION LIMITED · parent
- Draken Leasing Limited 100%
- FB Heliservices Limited 100%
- FB Heliservices Curacao N.V 100%
- Cobham Helicopter Services Trinidad Limited 100%
Significant events
- “During the year, the Company fully impaired its direct investment in two entities that had been placed into liquidation in a previous period.”
- “In May 2025 the Company declared a dividend of £18,755,000 (£14,033,000), satisfied through the assignment of an intercompany loan receivable.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Nicolas Charles | Director | 2023-12-11 | May 1968 | British |
| HARRISON, Sarah Jane | Director | 2020-10-16 | Jun 1981 | British |
| STOATE, Richard Duncan | Director | 2019-01-10 | Jun 1963 | British |
| TATE, Simon | Director | 2025-01-14 | Jan 1964 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Paul | Secretary | 2012-07-09 | 2017-04-07 |
| HARRISON, David Robert | Secretary | 2006-08-01 | 2011-05-18 |
| HELLYAR, Stuart | Secretary | 2017-04-07 | 2017-08-04 |
| HUDSON, Jonathan Morris | Secretary | 2011-06-20 | 2012-07-09 |
| PARRY, Michael David | Secretary | 2018-08-06 | 2020-03-31 |
| RICHARDSON, Peter | Secretary | 2002-10-21 | 2006-08-01 |
| RICHARDSON, Peter | Secretary | — | 1997-10-20 |
| WALLIS, Blair | Secretary | 1997-10-20 | 2002-10-21 |
| YOUNG, Philip | Secretary | 2017-08-04 | 2018-08-06 |
| ARMSTRONG, Paul Anthony | Director | 2018-04-27 | 2023-10-31 |
| ARMSTRONG, Paul Anthony | Director | 2012-02-21 | 2017-04-07 |
| BLAKELEY, John | Director | — | 1993-11-30 |
| CHAPMAN, James | Director | 2003-04-11 | 2008-12-31 |
| COBHAM, Michael John, Sir | Director | — | 1995-08-07 |
| COGAN, Michael Eugene | Director | 1996-03-18 | 2004-10-25 |
| DANNING, John | Director | 2001-10-15 | 2009-10-08 |
| FITZ-GERALD, Stephen John | Director | 2001-12-03 | 2010-12-31 |
| FLETCHER, Richard William John | Director | 1999-10-04 | 2002-10-21 |
| FREEMAN, Claud John | Director | 2004-10-25 | 2005-12-01 |
| GRANGER, Christopher Paul | Director | 2005-12-21 | 2006-07-31 |
| HANNAM, Alexander John | Director | 2002-07-29 | 2005-12-21 |
| HARRISON, David Robert | Director | 2005-12-21 | 2011-05-18 |
| HELLYAR, Stuart | Director | 2017-04-07 | 2017-08-04 |
| HUGHES, Charles Anthony | Director | 2009-04-15 | 2011-05-17 |
| IRWIN, Alastair Giles | Director | — | 2002-07-01 |
| JONES, Colin Frederick Joseph | Director | — | 1997-06-30 |
| LEAKER, Michael Andrew | Director | 1992-01-01 | 1997-12-31 |
| LEWIS, Dennis Edward | Director | — | 1996-02-26 |
| LORD HOUGHTON OF RICHMOND, . | Director | 2020-10-16 | 2021-09-01 |
| MORGAN, David Eden | Director | — | 1998-06-30 |
| MYERS, John Richard, Captain | Director | 1992-01-01 | 2002-01-17 |
| NOTTAGE, Peter Wayne | Director | 2011-06-20 | 2011-06-20 |
| NOTTAGE, Peter Wayne | Director | 2011-06-20 | 2018-04-27 |
| PAGE, Gordon Francis De Courcy | Director | 1993-02-21 | 2002-07-01 |
| PARRY, Michael David | Director | 2018-05-21 | 2020-03-31 |
| PARTRIDGE, Simon James | Director | 2023-10-31 | 2025-01-14 |
| PENDLE, Rob | Director | 2013-12-16 | 2014-07-25 |
| RHODES, Richard Holgate Needham | Director | — | 2001-09-30 |
| RICHARDSON, Peter | Director | — | 2005-12-21 |
| ROE, Geoffrey Eric | Director | 1997-07-28 | 2002-06-30 |
| TAYLOR, Desmond Thomas | Director | 1999-12-01 | 2012-02-21 |
| WALLIS, Blair | Director | 1996-01-01 | 2002-10-21 |
| YOUNG, Philip | Director | 2017-08-04 | 2018-08-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Draken Uk Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-14 | Active |
| Fr Aviation Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-10-14 |
Filing timeline
Last 20 of 255 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-01-10 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.