ADAMS AVIATION SUPPLY COMPANY LIMITED
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Cash
£2.1m
-35.5% vs 2024
Net assets
£10m
+4.2% highest in 3 filed years
Employees
47
0% vs 2024
Profit before tax
£549k
+24.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The parent company, Pattonair (Derby) Limited, has entered into a sale and purchase agreement to sell the Company. The sale is expected to complete on 30 June 2026, which falls within the going concern assessment period. The current directors do not know the detailed plans of the acquirer and the future plans for the company, including any financing arrangements, in the event the transaction completes. As a result, the directors have determined that these conditions indicate the existence of a material uncertainty which may cast significant doubt over the company's ability to continue as a going concern.
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2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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 | £27,149,000 | £25,804,000 | £25,028,000 | -3% | |
| Operating profit | £162,000 | £430,000 | £506,000 | +17.7% | |
| Profit before tax | £166,000 | £442,000 | £549,000 | +24.2% | |
| Net profit | £165,000 | £436,000 | £411,000 | -5.7% | |
| Cash | £1,781,000 | £3,257,000 | £2,101,000 | -35.5% | |
| Total assets less current liabilities | £9,296,000 | £9,732,000 | £10,143,000 | +4.2% | |
| Net assets | £9,296,000 | £9,732,000 | £10,143,000 | +4.2% | |
| Equity | £9,296,000 | £9,732,000 | £10,143,000 | +4.2% | |
| Average employees | 48 | 47 | 47 | 0% | |
| Wages | £1,930,000 | £1,856,000 | £1,824,000 | -1.7% | |
| Directors' remuneration | — | — | — | — |
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 | 0.6% | 1.7% | 2.0% | |
| Net margin | 0.6% | 1.7% | 1.6% | |
| Return on capital employed | 1.7% | 4.4% | 5.0% | |
| Gearing (liabilities / total assets) | 30.4% | — | — | |
| Current ratio | 3.28x | 3.75x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The parent company, Pattonair (Derby) Limited, has entered into a sale and purchase agreement to sell the Company. The sale is expected to complete on 30 June 2026, which falls within the going concern assessment period. The current directors do not know the detailed plans of the acquirer and the future plans for the company, including any financing arrangements, in the event the transaction completes. As a result, the directors have determined that these conditions indicate the existence of a material uncertainty which may cast significant doubt over the company's ability to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COSSEY COSEC SERVICES LIMITED | Corporate Secretary | 2026-06-30 | — | — |
| CAMPBELL, Christopher | Director | 2026-06-30 | Sep 1981 | British |
| REEK, Ashley Charles Anderson | Director | 2026-06-30 | Jun 1974 | British |
| W22S DIRECTORS LIMITED | Corporate Director | 2026-06-30 | — | — |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOSLING, Anika Ann | Secretary | 2003-12-01 | 2019-08-30 |
| GOSLING, June Florence | Secretary | — | 2003-12-01 |
| ROBERTSON, Zoe Sheila | Secretary | 2019-08-30 | 2022-03-15 |
| GALLAGHER, Timothy Joseph | Director | 2020-11-02 | 2021-09-17 |
| GOSLING, Frank John | Director | — | 2019-08-30 |
| GOSLING, June Florence | Director | 1997-11-01 | 2019-08-30 |
| GOSLING, Stephen Frank | Director | 1995-05-01 | 2019-08-30 |
| HOLLINSHEAD, Wayne Richard | Director | 2019-08-30 | 2025-08-29 |
| HUMPHREYS, Christopher Andrew | Director | 2019-08-30 | 2020-11-02 |
| LANDRY, Dawn Renee | Director | 2020-11-02 | 2026-06-30 |
| LANGSTON, Stephen Frederick | Director | — | 2017-10-31 |
| MARSHALL, Neil | Director | 1999-11-08 | 2019-08-30 |
| WHATLING, Mark | Director | 2020-11-02 | 2026-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| W22s Directors Limited | Corporate entity | Significant influence | 2026-06-30 | Active |
| Adams Aviation Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-06-30 | Active |
| Pattonair (Derby) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-02-17 | Ceased 2026-06-30 |
| Pattonair Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-29 | Ceased 2026-02-17 |
| Mercurius Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-07-28 | Ceased 2020-10-29 |
| Mr Stephen Frank Gosling | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2017-07-28 |
| Mr Stephen Frederick Langston | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-07-28 |
Filing timeline
Last 20 of 177 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-16 RESOLUTIONS Resolution
- 2026-07-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-09 | AA | accounts | Accounts with accounts type full | |
| 2026-08-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-08-14 | CH01 | officers | Change person director company with change date | |
| 2026-08-14 | CH01 | officers | Change person director company with change date | |
| 2026-08-14 | CH01 | officers | Change person director company with change date | |
| 2026-08-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-22 | SH08 | capital | Capital name of class of shares | |
| 2026-07-16 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-16 | MA | incorporation | Memorandum articles | |
| 2026-07-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-08 | AP02 | officers | Appoint corporate director company with name date | |
| 2026-07-08 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-07-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 4
- Officers resigned
- 2
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.