AEROSERVE (MSP) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-03 (in 5mo)
Last made up 2025-09-19
Watchouts
Cash
£545K
+8.1% vs 2024
Net assets
-£39M
-36.7% lowest in 7 filed years
Employees
285
+2.9% vs 2024
Profit before tax
-£12M
-24% lowest in 7 filed years
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.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-30 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £8,237,000 | — | £1,526,000 | — | £3,292,000 | £3,564,000 | £9,377,000 | £8,378,000 | £9,296,000 | |
| Operating profit | — | -£1,240,000 | — | -£4,226,000 | — | -£7,818,000 | -£7,307,000 | -£7,483,000 | -£9,385,000 | -£11,684,000 | |
| Profit before tax | — | -£1,301,000 | — | -£4,268,000 | — | -£7,856,000 | -£7,345,000 | -£7,495,000 | -£9,426,000 | -£11,692,000 | |
| Net profit | — | -£1,171,000 | — | -£3,805,000 | — | -£8,159,000 | -£7,648,000 | -£7,525,000 | -£9,426,000 | -£10,481,000 | |
| Cash | — | £263,000 | — | £22,000 | — | £118,000 | £118,000 | £662,000 | £504,000 | £545,000 | |
| Total assets less current liabilities | — | £631,000 | — | -£3,492,000 | — | -£11,837,000 | -£11,494,000 | -£19,132,000 | -£28,534,000 | -£39,032,000 | |
| Net assets | — | -£154,000 | — | -£3,959,000 | — | -£12,118,000 | -£11,607,000 | -£19,132,000 | -£28,558,000 | -£39,039,000 | |
| Equity | £1,017,000 | -£154,000 | -£154,000 | -£3,959,000 | -£3,959,000 | -£12,118,000 | -£11,607,000 | -£19,132,000 | -£28,558,000 | -£39,039,000 | |
| Average employees | — | 161 | — | 121 | — | 150 | 150 | 285 | 277 | 285 | |
| Wages | — | £4,124,000 | — | £2,774,000 | — | £4,052,000 | £4,052,000 | £7,918,000 | £8,616,000 | £9,918,000 | |
| Directors' remuneration | — | £100,000 | — | £160,000 | — | £160,000 | £160,000 | £80,000 | £0 | £0 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+11%
£8,378,000 £9,296,000
-
Cash
+8.1%
£504,000 £545,000
-
Net assets
-36.7%
-£28,558,000 -£39,039,000
lowest in 7 filed years
-
Employees
+2.9%
277 285
-
Operating profit
-24.5%
-£9,385,000 -£11,684,000
lowest in 7 filed years
-
Profit before tax
-24%
-£9,426,000 -£11,692,000
lowest in 7 filed years
-
Wages
+15.1%
£8,616,000 £9,918,000
highest in 7 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-04-01 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-30 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -15.1% | — | — | — | — | — | -79.8% | -112.0% | -125.7% | |
| Net margin | — | -14.2% | — | — | — | — | — | -80.2% | -112.5% | -112.7% | |
| Return on capital employed | — | -196.5% | — | 121.0% | — | 66.0% | 63.6% | 39.1% | 32.9% | 29.9% | |
| Current ratio | — | — | — | — | — | — | — | — | -0.06x | -0.10x | |
| Interest cover | — | -20.33x | — | -100.62x | — | -205.74x | -192.29x | -623.58x | -228.90x | -1460.50x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the group's forecasts and making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “Post year end on 11th June 2025, the entire share capital of Stellar Mayan Limited was acquired by FTL UK Acquisition Company Limited whose ultimate parent is K-Bro Linen Inc. This resulted in group bank and other loans being extinguished via capital contribution and related charges released.”
- “During the year a health and safety incident occurred at one of the company's facilities. The incident is currently under investigation by the Health and Safety Executive (HSE). Management concluded no adjustment to financial statements is required.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HILLS, Matthew | Director | 2025-06-11 | Oct 1959 | American |
| JONES, Michael William | Director | 2025-06-11 | Aug 1964 | British |
| MCCURDY, Linda | Director | 2025-06-11 | Jul 1968 | Canadian |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUREWALL, Jasvinder Kaur | Secretary | 2000-09-19 | 2019-02-14 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-09-19 | 2000-09-19 |
| HARDING, Adrian | Director | 2022-10-01 | 2025-06-11 |
| HOLDCROFT, Andrew Darren | Director | 2019-02-14 | 2022-02-04 |
| JOHNSTON, Peter | Director | 2021-12-21 | 2025-06-11 |
| LANGHORN, Michael John | Director | 2019-02-14 | 2020-01-05 |
| PUREWALL, Manvinder | Director | 2000-09-19 | 2019-02-14 |
| PUREWALL, Pritpal Singh | Director | 2019-02-14 | 2022-07-31 |
| SEDGWICK, Howard John | Director | 2020-01-05 | 2020-03-24 |
| SHEPHERD, James William | Director | 2023-01-01 | 2025-06-11 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 2000-09-19 | 2000-09-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stellar Mayan Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-14 | Active |
| Mr Manvinder Singh Purewall | Individual | Shares 25–50% | 2018-09-16 | Ceased 2018-09-16 |
| Mr Manvider Singh Purewall | Individual | Shares 25–50% | 2018-09-15 | Ceased 2019-02-14 |
| Mrs Jasvinder Kaur Purewall | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-02-14 |
| Mr Manvinder Purewall | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-02-14 |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-07-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- 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.