CORNWALL AIR AMBULANCE TRUST
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Cash
£8.8m
+4.5% vs 2023
Net assets
£27m
+3.1% vs 2023
Employees
57
+7.5% vs 2023
Profit before tax
£1.1m
-53.9% vs 2023
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 | — | — | — | |
| Operating profit | £2,461,027 | £1,133,449 | -53.9% | |
| Profit before tax | £2,461,027 | £1,133,449 | -53.9% | |
| Net profit | £2,679,428 | £808,650 | -69.8% | |
| Cash | £8,452,103 | £8,833,769 | +4.5% | |
| Total assets less current liabilities | £26,494,015 | £27,202,665 | +2.7% | |
| Net assets | £26,394,015 | £27,202,665 | +3.1% | |
| Equity | £26,394,015 | £27,202,665 | +3.1% | |
| Average employees | 53 | 57 | +7.5% | |
| Wages | £1,862,282 | £1,988,249 | +6.8% | |
| Directors' remuneration | £212,976 | £228,291 | +7.2% |
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 |
|---|---|---|---|
| Return on capital employed | 9.3% | 4.2% | |
| Gearing (liabilities / total assets) | 9.3% | 3.5% | |
| Current ratio | 5.40x | 14.09x |
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
- Consolidated group
- Auditor
- Bishop Fleming LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Trustees continue to adopt the going concern basis in preparing the financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- CORNWALL AIR AMBULANCE TRUST · parent
- CAAT Trading Limited 100%
- First Air Ambulance Service Trust
Significant events
- “Arrival of a second AW169 helicopter mentioned.”
- “The new aircraft, registration G-CNLL, will enter service in the second half of 2025.”
- “A highlight of 2024 was 'Helifest' held for the first time at Scorrier House. Over 4,000 supporters attended.”
- “Relocation of Wadebridge store and plans for a new store in Launceston in 2025, and a larger store in Truro.”
- “The Heli2 Appeal fundraising year focussed on several fundraising campaigns specifically catered for corporate, community and individual supporters as well as major donors.”
- “The 'Sing it Home' album launch was one of the key Heli2 Appeal campaigns, reaching number 11 in the official UK digital download charts.”
- “The Christmas campaign for 2024 used the 'Sing it Home' sea shanty as soundtrack for an animation.”
- “Cornwall Air Ambulance's biggest investment in the future to date the placing of the order for a second AW169 helicopter. The bespoke medical interior is due for delivery Q1 2025.”
- “An additional aircraft will be delivered in Q3 2025, and a new maintenance contract to improve service availability.”
- “The charity invested in a new customer relationship management tool to help keep supporters better informed about charitable activities.”
- “The fund has reduced in value in 2024 due to the withdrawal of £831K towards the purchase of a second helicopter.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAYHEW, Julie | Secretary | 2026-02-14 | — | — |
| EBBERSON, Neil Edward | Director | 2025-10-01 | Feb 1970 | British |
| GRIFFITH, Daisy | Director | 2019-07-31 | Sep 1975 | British |
| HARLAND, David Nicholas | Director | 2024-09-26 | Jun 1976 | British |
| LOUVEAUX, Bertrand Jean Philippe Francois | Director | 2025-11-05 | Apr 1967 | British |
| MARK, Benjamin Stephen | Director | 2018-12-13 | Dec 1977 | British |
| MCKAY, Laura Anne | Director | 2021-01-28 | Aug 1985 | British |
| NOVELL, Angela Melissa | Director | 2025-10-15 | Nov 1967 | British |
| REED, Thomas Paul | Director | 2023-07-03 | Nov 1954 | British |
| RICHARDS, David Pender | Director | 2024-09-26 | Jun 1952 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DARCH, Adrian Paul | Secretary | 2017-06-12 | 2018-11-01 |
| MURDOCH, Stephen James | Secretary | 2018-12-13 | 2021-09-24 |
| QUINN, David Francis | Secretary | 2016-03-14 | 2017-06-22 |
| WHITTON, Anthony John | Secretary | 2021-09-14 | 2026-01-31 |
| BELL, Andrew Mullion Barwick | Director | 2009-12-21 | 2016-12-15 |
| BRACKENBURY, Ian | Director | 2009-12-21 | 2020-03-26 |
| CARNE, Mark Milford Power | Director | 2020-01-29 | 2023-12-13 |
| CARR, Simon Andrew | Director | 2018-12-13 | 2023-12-07 |
| CHAPMAN, Harold | Director | 2009-11-24 | 2012-10-05 |
| CHAPMAN, Pamela | Director | 2009-12-21 | 2012-10-05 |
| CHAPMAN, Pamela | Director | 2009-12-21 | 2009-12-22 |
| CLARK, Nicholas Andrew William, Dr | Director | 2012-02-15 | 2018-07-04 |
| COWIE, Robert Richard | Director | 2015-09-08 | 2025-09-07 |
| FAULKNER, Pamela | Director | 2012-02-15 | 2014-02-28 |
| FOAD, Allan Robert | Director | 2009-12-21 | 2011-08-09 |
| GAUT, Stephen | Director | 2012-02-15 | 2015-12-08 |
| HOLBOROW, Mary Christina, Lady | Director | 2012-07-09 | 2016-09-15 |
| JACQUES, Joseph Francis | Director | 2009-11-24 | 2015-12-08 |
| LENTERN, Neil Stewart | Director | 2021-01-28 | 2024-12-09 |
| ORCHARD, Henry | Director | 2017-03-29 | 2020-03-26 |
| PAWLEY, Ian James | Director | 2012-11-26 | 2017-12-13 |
| PILLING, Alister | Director | 2009-11-24 | 2012-08-15 |
| POMFRET, Christopher Charles | Director | 2012-11-26 | 2022-07-26 |
| PRYCE, Sarah Louise | Director | 2014-06-03 | 2020-04-21 |
| SCOTT, Douglas Stuart | Director | 2019-07-31 | 2025-06-26 |
| SHARPLES, Barbara Ann | Director | 2017-03-29 | 2022-07-26 |
| VIRR, Andrew Jonathan | Director | 2009-12-21 | 2011-10-03 |
| WINSER, Margaret Ellen | Director | 2015-09-08 | 2019-07-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 110 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-01 MA Memorandum articles
- 2025-05-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-01 | MA | incorporation | Memorandum articles | |
| 2025-05-01 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2023-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- 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.