AVIATION SERVICING COMPANY LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-26 (in 1mo)
Last made up 2025-06-12
Watchouts
Cash
£971K
+48.6% highest in 4 filed years
Net assets
£1M
-69.1% lowest in 4 filed years
Employees
104
+8.3% highest in 4 filed years
Profit before tax
-£2M
-277% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,879,709 | £10,980,679 | £11,377,903 | £13,870,315 | |
| Operating profit | — | — | £2,661,593 | £1,754,999 | £1,030,896 | -£1,690,709 | |
| Profit before tax | — | — | £2,654,933 | £1,734,869 | £995,338 | -£1,761,439 | |
| Net profit | — | — | £2,147,918 | £1,378,201 | £671,623 | -£2,278,753 | |
| Cash | — | — | £765,171 | £236,406 | £652,999 | £970,585 | |
| Total assets less current liabilities | — | — | £4,988,991 | £6,604,952 | £3,714,215 | £1,154,474 | |
| Net assets | — | — | £4,912,166 | £6,290,367 | £3,519,707 | £1,086,802 | |
| Equity | £1,364,356 | £2,764,248 | £4,912,166 | £6,290,367 | £3,519,707 | £1,086,802 | |
| Average employees | — | — | 90 | 87 | 96 | 104 | |
| Wages | — | — | £3,160,134 | £2,852,356 | £3,148,075 | £3,515,720 | |
| Directors' remuneration | — | — | £21,486 | £30,896 | — | — |
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
-
Turnover
+21.9%
£11,377,903 £13,870,315
highest in 4 filed years
-
Cash
+48.6%
£652,999 £970,585
highest in 4 filed years
-
Net assets
-69.1%
£3,519,707 £1,086,802
lowest in 4 filed years
-
Employees
+8.3%
96 104
highest in 4 filed years
-
Operating profit
-264%
£1,030,896 -£1,690,709
lowest in 4 filed years
-
Profit before tax
-277%
£995,338 -£1,761,439
lowest in 4 filed years
-
Wages
+11.7%
£3,148,075 £3,515,720
highest in 4 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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 22.4% | 16.0% | 9.1% | -12.2% | |
| Net margin | — | — | 18.1% | 12.6% | 5.9% | -16.4% | |
| Return on capital employed | — | — | 53.3% | 26.6% | 27.8% | -146.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 56.7% | 86.9% | |
| Current ratio | — | — | — | — | 1.77x | 1.13x | |
| Interest cover | — | — | 399.46x | 86.99x | 28.49x | -23.26x |
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
- AVIATION SERVICING COMPANY LTD 2016-07-01 → present
- AZERBAIJAN AIRLINES UK LIMITED 2008-09-17 → 2016-07-01
- AZERBAIJAN SERVICE COMPANY LIMITED 2008-05-15 → 2008-09-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- Lubbock Fine LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management monitor the Company's working capital requirements and based on detailed forecasts considering a period of more than 12 months from the signing of the accounts, the director considers it is appropriate to prepare the financial statements on a going concern basis. On 18 July 2025 Ignazio Coraci, the 100% shareholder of the Company, entered into an agreement for the sale of the full issued share capital of the Company and the sale of the Company is expected to complete on 30 September 2025. The director has considered the impact of this change of ownership of the Company and believes that after the sale that the Company will continue its operations for the foreseeable future under the new ownership.”
Significant events
- “On 18 July 2025 Ignazio Coraci, the 100% shareholder of the Company, entered into an agreement for the sale of the full issued share capital of the Company. The sale of the Company is expected to complete on 30 September 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COX, Karen | Director | 2025-09-30 | Jan 1974 | British |
| HARROP, Simon Martin | Director | 2025-09-30 | Nov 1981 | British |
| HAYHOE, Luke John Francis | Director | 2025-09-30 | Apr 1981 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORACI, Ignazio | Secretary | 2008-05-15 | 2025-09-30 |
| Incorporate Secretariat Limited | Corporate Secretary | 2008-05-15 | 2008-05-15 |
| CORACI, Ignazio | Director | 2008-05-15 | 2025-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Swissport Gb Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-30 | Active |
| Mr Ignazio Coraci | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-09-30 |
Filing timeline
Last 20 of 73 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-17 | AA | accounts | Accounts with accounts type full | |
| 2024-06-20 | CH01 | officers | Change person director company with change date | |
| 2024-06-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-16 | CH01 | officers | Change person director company with change date | |
| 2024-05-16 | CH03 | officers | Change person secretary company with change date | |
| 2024-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-06-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-27 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- 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.