PRESTWICK AEROSYSTEMS LIMITED
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Cash
£13M
-74.4% vs 2023
Net assets
-£35M
-134.6% vs 2023
Employees
1,231
+13.6% vs 2023
Profit before tax
-£137M
+59% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The above factors together and in isolation represent material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £459,644,000 | £501,533,000 | +9.1% | |
| Operating profit | -£92,852,000 | -£83,204,000 | +10.4% | |
| Profit before tax | -£334,098,000 | -£136,964,000 | +59% | |
| Net profit | -£334,508,000 | -£137,673,000 | +58.8% | |
| Cash | £51,025,000 | £13,041,000 | -74.4% | |
| Total assets less current liabilities | £339,382,000 | £79,706,000 | -76.5% | |
| Net assets | £101,561,000 | -£35,107,000 | -134.6% | |
| Equity | £101,561,000 | -£35,107,000 | -134.6% | |
| Average employees | 1,084 | 1,231 | +13.6% | |
| Wages | £54,359,000 | £71,808,000 | +32.1% | |
| Directors' remuneration | £1,397,000 | £1,741,000 | +24.6% |
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 |
|---|---|---|---|
| Operating margin | -20.2% | -16.6% | |
| Net margin | -72.8% | -27.5% | |
| Return on capital employed | -27.4% | -104.4% | |
| Gearing (liabilities / total assets) | 84.4% | 105.5% | |
| Current ratio | 1.71x | 0.94x | |
| Interest cover | -5.00x | -4.15x |
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 — the current trading name was adopted 2025-12-12
- PRESTWICK AEROSYSTEMS LIMITED 2025-12-12 → present
- SPIRIT AEROSYSTEMS (EUROPE) LIMITED 2006-01-26 → 2025-12-12
- BLOCKMIST LIMITED 2005-12-29 → 2006-01-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Material uncertainty disclosed
“The above factors together and in isolation represent material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- PRESTWICK AEROSYSTEMS LIMITED · parent
- Spirit AeroSystems (Hangzhou) Enterprise Management Consulting Co., Ltd. 100%
- Spirit AeroSystems (Europe) Pension Trustees Limited 100%
- Spirit AeroSystems Morocco 5%
- Spirit AeroSystems France 100%
Significant events
- “On 28 April 2025 Airbus announced the signing of a deal to acquire the share capital of Spirit AeroSystems (Europe) Limited. The deal is expected to complete during the third quarter of 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAMS, Alison Louise | Secretary | 2025-12-08 | — | — |
| BLANDIN, Jerome | Director | 2025-12-08 | Apr 1978 | British,French |
| DUNNINGHAM, Stuart Graham Peel | Director | 2026-02-01 | Aug 1970 | British |
| SLEE, Maarten Michael | Director | 2025-12-08 | Jan 1974 | Dutch |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COZAD, Stacy | Secretary | 2016-07-01 | 2021-01-01 |
| FLENTJE, Gloria Gean Farha | Secretary | 2006-01-25 | 2008-12-10 |
| GREENBERG, Jonathan | Secretary | 2008-12-10 | 2010-08-13 |
| LEWIS, Jamie Mcmillan | Secretary | 2013-07-29 | 2016-05-12 |
| LEWIS, Jamie Mcmillan | Secretary | 2010-03-30 | 2013-05-28 |
| RUSSELL, Michelle | Secretary | 2010-08-13 | 2012-02-10 |
| THOMPSON, Colin | Secretary | 2021-01-02 | 2025-12-08 |
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2013-06-18 | 2013-07-29 |
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2007-03-26 | 2010-03-30 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 2006-03-30 | 2010-09-16 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-12-29 | 2006-01-25 |
| BOWIE, Allan Russell | Director | 2017-08-01 | 2019-06-07 |
| BRUNTON, Ronald Charles | Director | 2006-01-25 | 2008-11-17 |
| CAREY, Leslie | Director | 2020-05-21 | 2024-08-14 |
| CARLISLE, Donald Ray | Director | 2006-01-25 | 2008-11-17 |
| CORTEZ, Hector Felipe | Director | 2011-04-19 | 2014-11-21 |
| COWAN, Thomas Hugh | Director | 2024-08-14 | 2025-12-08 |
| COWAN, Thomas Hugh | Director | 2013-04-03 | 2023-06-29 |
| GILSON, John, Director | Director | 2018-05-14 | 2020-01-29 |
| LEITCH, Andrew Jack | Director | 2008-11-17 | 2010-09-07 |
| LEVY, Adrian Joseph Morris | Director | 2005-12-29 | 2006-01-25 |
| LEWELLING, John | Director | 2008-11-17 | 2013-05-22 |
| MCLARTY, Scott | Director | 2016-10-14 | 2025-12-08 |
| MCLARTY, Scott | Director | 2012-02-02 | 2015-08-04 |
| MCMANUS, Neil James | Director | 2006-12-20 | 2013-03-22 |
| MCNAUGHT, Chris | Director | 2023-06-30 | 2025-12-08 |
| PAPARONI, Marco Renato Bruno | Director | 2019-07-15 | 2022-06-01 |
| PUDGE, David John | Nominee Director | 2005-12-29 | 2006-01-25 |
| RUSSELL, Colin Richard | Director | 2022-06-01 | 2025-12-08 |
| SHACT, Andy | Director | 2008-11-17 | 2012-03-02 |
| SUCHINSKI, Mark John | Director | 2015-02-16 | 2018-05-14 |
| TURNER, Jeffrey Lynn | Director | 2006-01-25 | 2008-11-17 |
| WARD, Damon | Director | 2020-01-29 | 2025-12-08 |
| WILLIAMS, Michael Loren | Director | 2006-01-25 | 2014-11-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Airbus Operations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-08 | Active |
| Spirit Aerosystems Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-22 | Ceased 2025-12-08 |
| Spirit Aerosystems Holdings Inc. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-03-22 |
Filing timeline
Last 20 of 153 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-23 RESOLUTIONS Resolution
- 2025-12-23 MA Memorandum articles
- 2025-12-22 CC04 Statement of companys objects
- 2025-12-12 CERTNM Certificate change of name company
- 2025-12-12 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | MA | incorporation | Memorandum articles | |
| 2025-12-22 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | CONNOT | change-of-name | Change of name notice | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 6
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.