VISTAIR SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
£4M
Equity attributable
Employees
172
Average over period
Profit before tax
£1M
Period ending 2024-12-31
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £11,135,955 | £17,307,689 | |
| Operating profit | -£1,017,408 | £1,012,330 | |
| Profit before tax | -£923,840 | £1,018,548 | |
| Net profit | -£580,912 | £643,075 | |
| Cash | £2,690,045 | £1,620,447 | |
| Total assets less current liabilities | £3,458,011 | £4,476,559 | |
| Net assets | £3,025,606 | £3,668,681 | |
| Equity | £3,025,606 | £3,668,681 | |
| Average employees | 163 | 172 | |
| Wages | £3,884,313 | £8,404,068 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -9.1% | 5.8% | |
| Net margin | -5.2% | 3.7% | |
| Return on capital employed | -29.4% | 22.6% | |
| Gearing (liabilities / total assets) | 76.8% | 77.2% | |
| Current ratio | 0.93x | 0.97x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore, the directors have prepared the financial statements of the group and the company on a going concern basis.”
Group structure
- VISTAIR SYSTEMS LIMITED · parent
- Vistair Systems North America Inc. 100%
- Vistair Systems Australia Pty Ltd 100%
Significant events
- “On 28 March 2025 the Company completed the acquisition of Rolls-Royce's SMS business for a confidential consideration, which will revert to its former name, AQD.”
- “On 23 April 2025 the Company completed the acquisition of Aviation Safety & Quality Solutions S.à.r.L. ("ASQS") for a confidential consideration.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DREW, Adam Lee | Director | 2025-09-24 | Apr 1985 | British,Welsh |
| KOSTOV, Ilia Gueorguiev | Director | 2024-12-03 | Oct 1973 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HERBERT, Ian Paul George | Secretary | 2005-04-07 | 2023-12-21 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-04-07 | 2005-04-07 |
| BRAY, John Robert Alaric | Director | 2022-01-01 | 2025-12-10 |
| CLARKE, Dominic | Director | 2017-12-04 | 2023-12-21 |
| DAVIES, Philip Anthony | Director | 2016-04-21 | 2017-09-30 |
| ENIS, Wayne | Director | 2021-04-01 | 2023-12-21 |
| HEDLEY, David Clifford Rhys, Dr | Director | 2005-04-07 | 2023-12-21 |
| HERBERT, Ian Paul George | Director | 2005-04-07 | 2023-12-21 |
| HERBERT, Mark Andrew | Director | 2005-04-07 | 2011-03-31 |
| MORGAN, Robert Lloyd | Director | 2016-04-21 | 2024-10-31 |
| SAMUEL, Thomas Raj | Director | 2023-12-21 | 2025-08-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2005-04-07 | 2005-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vistair Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 104 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-04-18 | AUD | auditors | Auditors resignation company | |
| 2024-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-02 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.