PATTONAIR EUROPE LIMITED

• ⚠

  Material uncertainty over going concern

  These circumstances indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

• ◆

  Audit opinion: Adverse

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  -£125,994,000 → -£125,994,000

• Employees

  —

  Not reported

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

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.

1. PATTONAIR EUROPE LIMITED 2012-03-30 → present
2. QUICKSILVER OVERSEAS BIDCO LIMITED 2011-05-12 → 2012-03-30
3. DE FACTO 1856 LIMITED 2011-05-04 → 2011-05-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Adverse

Going concern

Material uncertainty disclosed

“These circumstances indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.”

Group structure

1. PATTONAIR EUROPE LIMITED · parent
   1. Pattonair (Derby) Limited 100% · UK · Supply of component parts to the Aerospace Industry
   2. Pattonair Limited 100% · UK · Supply of component parts to the Aerospace Industry
   3. Adams Aviation Supply Company Limited 100% · UK · Supply of component parts to the Aerospace Industry
   4. Pattonair Berlin GmbH 100% · Germany · Supply of component parts to the Aerospace Industry
   5. Pattonair SAS 100% · France · Supply of component parts to the Aerospace Industry
   6. Pattonair SRL 100% · Italy · Supply of component parts to the Aerospace Industry
   7. Incora Asia Pte Ltd 100% · Singapore · Supply of component parts to the Aerospace Industry
   8. Pattonair Xi'an Trading Limited 100% · China · Supply of component parts to the Aerospace Industry
   9. Pattonair Poland Sp.zoo 100% · Poland · Supply of component parts to the Aerospace Industry
   10. Ulogistics Canada Inc 100% · Canada · Dormant
   11. Pattonair Co Brasil Servicos E Logistica Ltda 99% · Brazil · Supply of component parts to the Aerospace Industry
   12. Pioneer Holding, LLC 100% · USA · Investment Holding Company
   13. Pattonair Japan KK 100% · Japan · Supply of component parts to the Aerospace Industry

Significant events

• “On 1 June 2023, Wesco and forty-three of its subsidiaries and affiliates (collectively, the "Debtors"), including all UK group companies, filed voluntary petitions for relief under title 11 of the U.S. Code (the "Bankruptcy Code").”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.