STS ENGINE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-22 (in 11mo)
Last made up 2026-04-08
Watchouts
Cash
£470K
-65.8% vs 2023
Net assets
£4M
+52.8% highest in 6 filed years
Employees
71
+44.9% highest in 6 filed years
Profit before tax
£2M
-11.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £10,885,774 | £15,256,610 | |
| Operating profit | — | — | — | — | £1,962,383 | £1,666,331 | |
| Profit before tax | — | — | — | — | £1,893,098 | £1,667,121 | |
| Net profit | — | — | — | — | £1,425,839 | £1,477,908 | |
| Cash | £268,992 | £769,052 | £45,784 | £542,936 | £1,373,873 | £470,021 | |
| Total assets less current liabilities | £1,310,445 | £2,039,926 | £2,089,785 | £2,705,732 | £3,374,426 | £4,607,531 | |
| Net assets | £1,119,963 | £1,615,071 | £1,226,159 | £1,950,511 | £2,771,350 | £4,234,258 | |
| Equity | £1,119,963 | £1,615,071 | £1,226,159 | £1,950,511 | £2,771,350 | £4,234,258 | |
| Average employees | 23 | 27 | 27 | 38 | 49 | 71 | |
| Wages | — | — | — | — | £2,150,435 | £3,800,297 | |
| Directors' remuneration | — | — | — | — | £16,240 | £128,027 |
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
+40.2%
£10,885,774 £15,256,610
-
Cash
-65.8%
£1,373,873 £470,021
-
Net assets
+52.8%
£2,771,350 £4,234,258
highest in 6 filed years
-
Employees
+44.9%
49 71
highest in 6 filed years
-
Operating profit
-15.1%
£1,962,383 £1,666,331
-
Profit before tax
-11.9%
£1,893,098 £1,667,121
-
Wages
+76.7%
£2,150,435 £3,800,297
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 18.0% | 10.9% | |
| Net margin | — | — | — | — | 13.1% | 9.7% | |
| Return on capital employed | — | — | — | — | 58.2% | 36.2% | |
| Current ratio | — | — | — | — | 1.75x | 2.06x | |
| Interest cover | — | — | — | — | 27.76x | — |
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 2025-10-28
- STS ENGINE SERVICES LIMITED 2025-10-28 → present
- GT ENGINE SERVICES LTD 2012-04-25 → 2025-10-28
- P3 ENGINE SERVICES LIMITED 2010-07-01 → 2012-04-25
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board have concluded that, after due consideration, there is a reasonable expectation that the company has adequate resources to continue for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these financial statements.”
Significant events
- “GT Engine Services Limited was acquired by STS Aviation Europe Limited on 24 May 2024 through acquisition of the immediate parent, GTES Holdings Limited, and is now part of the US based, STS Aviation Group founded in 1984.”
- “Revenue increased by 40% compared to the prior year, driven by a higher volume of engine inductions. The Company also secured several significant contracts during the year, supporting long-term workload visibility and strengthening its competitive position within the global engine MRO market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANSON, JR, Philip Jay | Director | 2024-05-25 | Apr 1970 | American |
| CLARK, Tracey Ann | Director | 2025-08-14 | Apr 1975 | British |
| MORTON, Simon David | Director | 2024-05-25 | Oct 1966 | British |
| SMITH, Donald Mark | Director | 2025-10-31 | Dec 1958 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLWOOD, Peter John | Director | 2010-07-01 | 2011-08-01 |
| BARTHOLOMEW, Ian | Director | 2024-05-25 | 2025-05-06 |
| DONOHOE, Philip Nils | Director | 2010-07-01 | 2011-08-01 |
| HUFF, Richard | Director | 2024-05-25 | 2025-10-31 |
| MACLEOD, Gregory Iain | Director | 2010-07-01 | 2025-08-14 |
| SINCLAIR, Thomas | Director | 2010-07-01 | 2021-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gtes Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-01 | Active |
| Mr Gregory Iain Macleod | Individual | Shares 75–100%, Significant influence | 2016-07-01 | Ceased 2021-04-01 |
Filing timeline
Last 20 of 67 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-28 CERTNM Certificate change of name company
- 2025-10-28 CONNOT Change of name notice
- 2024-12-16 RESOLUTIONS Resolution
- 2024-12-16 MA Memorandum articles
- 2024-06-11 RESOLUTIONS Resolution
- 2024-06-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-28 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-28 | CONNOT | change-of-name | Change of name notice | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-16 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-16 | MA | incorporation | Memorandum articles | |
| 2024-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-09-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-11 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-11 | MA | incorporation | Memorandum articles | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.