MAGMA AVIATION LIMITED
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Cash
£780k
USD 1,051,620
-81.8% lowest in 3 filed years
Net assets
£12m
USD 15,870,315
-15.6% lowest in 3 filed years
Employees
39
-4.9% lowest in 3 filed years
Profit before tax
£3.2m
USD 4,311,423
-40% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £318,034,036 | £266,801,736 | £141,941,744 | -46.8% | |
| Operating profit | £15,952,287 | £5,370,688 | £3,139,716 | -41.5% | |
| Profit before tax | £16,018,391 | £5,331,321 | £3,199,572 | -40% | |
| Net profit | £12,225,856 | £4,265,068 | £3,219,870 | -24.5% | |
| Cash | £6,253,298 | £4,287,076 | £780,423 | -81.8% | |
| Total assets less current liabilities | £17,536,545 | £14,108,371 | £11,910,482 | -15.6% | |
| Net assets | £17,393,244 | £13,953,789 | £11,777,599 | -15.6% | |
| Equity | £17,393,244 | £13,953,789 | £11,777,599 | -15.6% | |
| Average employees | 47 | 41 | 39 | -4.9% | |
| Wages | £3,018,764 | £2,277,085 | £2,237,285 | -1.7% | |
| Directors' remuneration | £502,150 | £85,560 | — | — | |
| Directors' pension contributions | £20,125 | £4,222 | — | — | |
| Highest paid director | £335,133 | £89,781 | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 5.0% | 2.0% | 2.2% | |
| Net margin | 3.8% | 1.6% | 2.3% | |
| Return on capital employed | 91.0% | 38.1% | 26.4% | |
| Gearing (liabilities / total assets) | 61.2% | 58.4% | 40.4% | |
| Current ratio | 1.61x | 1.69x | 2.44x | |
| Interest cover | — | — | 79.69x |
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
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future. Therefore, the Directors continue to adopt the going concern basis in preparing the annual financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KERINS, Peter Alan | Director | 2024-08-06 | Apr 1972 | Irish |
| NUNES, Bernardo Fernandes | Director | 2025-09-01 | Oct 1970 | Portuguese |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAZZOCCHETTI, Fabio | Secretary | 2021-02-17 | 2021-07-23 |
| BATLIWALA, Russi | Director | 2017-03-31 | 2021-02-17 |
| BRANNIGAN, Conor | Director | 2021-10-01 | 2024-05-03 |
| CAPPER, Russell Neil | Director | 2009-12-17 | 2010-03-29 |
| DURSLEY, Neil Edward | Director | 2020-06-15 | 2024-08-06 |
| ERBACHER, Eric | Director | 2021-02-17 | 2025-08-31 |
| HELYAR, Thomas Edward | Director | 2021-10-01 | 2023-10-31 |
| JOARDER, Peter | Director | 2010-06-25 | 2021-02-17 |
| OATES, Jason Mark | Director | 2012-05-04 | 2017-03-31 |
| OUZOUNIAN, Shahe | Director | 2017-03-31 | 2020-03-31 |
| WARD, Andrew Brian | Director | 2010-03-29 | 2017-03-31 |
| WILSON, Ross David Drummond | Director | 2010-03-29 | 2021-10-01 |
| WRIGLEY, Thomas Edward | Director | 2010-03-29 | 2022-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Magma Aviation International Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-07-09 | Active |
| Chapman Freeborn International Ltd | Corporate entity | Shares 75–100% | 2017-03-31 | Ceased 2024-07-09 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-18 RESOLUTIONS Resolution
- 2026-05-17 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | AA | accounts | Accounts with accounts type full | |
| 2026-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-17 | MA | incorporation | Memorandum articles | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-13 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.