AIRSYS (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
Cash
£1M
-38% vs 2023
Net assets
£427K
+145.4% highest in 3 filed years
Employees
21
-8.7% lowest in 3 filed years
Profit before tax
£276K
-65.5% first positive since 2019
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
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £19,232,090 | — | — | — | £9,677,729 | £8,298,705 | |
| Operating profit | — | -£724,375 | — | — | — | £841,184 | £318,843 | |
| Profit before tax | — | -£781,971 | — | — | — | £798,462 | £275,622 | |
| Net profit | — | -£414,676 | — | — | — | £755,558 | £237,990 | |
| Cash | — | £819,833 | — | — | — | £1,661,063 | £1,030,213 | |
| Total assets less current liabilities | — | -£390,705 | — | — | — | £1,335,828 | £2,438,716 | |
| Net assets | — | -£1,167,081 | — | — | — | £173,918 | £426,878 | |
| Equity | -£752,405 | -£1,167,081 | — | — | — | £173,918 | £426,878 | |
| Average employees | — | 52 | — | — | — | 23 | 21 | |
| Wages | — | £2,317,259 | — | — | — | £1,219,671 | £1,211,556 | |
| Directors' remuneration | — | £250,762 | — | — | — | £158,500 | £169,800 |
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
-14.2%
£9,677,729 £8,298,705
lowest in 3 filed years
-
Cash
-38%
£1,661,063 £1,030,213
-
Net assets
+145.4%
£173,918 £426,878
highest in 3 filed years
-
Employees
-8.7%
23 21
lowest in 3 filed years
-
Operating profit
-62.1%
£841,184 £318,843
first positive since 2019
-
Profit before tax
-65.5%
£798,462 £275,622
first positive since 2019
-
Wages
-0.7%
£1,219,671 £1,211,556
lowest in 3 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -3.8% | — | — | — | 8.7% | 3.8% | |
| Net margin | — | -2.2% | — | — | — | 7.8% | 2.9% | |
| Return on capital employed | — | 185.4% | — | — | — | 63.0% | 13.1% | |
| Current ratio | — | — | — | — | — | 1.33x | 2.53x | |
| Interest cover | — | -12.58x | — | — | — | 19.69x | 7.38x |
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
- PHH Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The company is dependent on the continued support of Airsys Refrigeration Engineering Technology (Beijing) Co Ltd, a fellow group company, in it's ability to continue as a going concern. Airsys Refrigeration Engineering Technology (Beijing) Co Ltd has provided the company with a long term loan with no formal repayment terms, meaning the company is able to meet its day to day working capital requirements. Airsys Refrigeration Engineering Technology (Beijing) Co Ltd has also guaranteed to provide product, technical and financial support as required by Airsys (UK) Ltd for the foreseeable future. On this basis the directors consider that it is appropriate for the financial statements to be prepared on a going concern basis.”
Significant events
- “On 1 July 2024 a group restructuring exercise took place resulting in the company's immediate parent company becoming Airsys Holding Inc registered at 7820 Reidville Road, Greer, South Carolina USA.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHEN, Yunshui | Director | 2012-02-21 | Feb 1966 | Canadian |
| PEI, Wen | Director | 2019-04-15 | Jul 1967 | Chinese |
| THOMPSON, Matthew Robert | Director | 2019-09-05 | Sep 1977 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Airsys Holding Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-01 | Active |
| Airsys Refrigeration Engineering Technology ( Beijing ) Co., Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2024-07-01 |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-12 | AA | accounts | Accounts with accounts type small | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-27 | CH01 | officers | Change person director company with change date | |
| 2020-08-07 | AA | accounts | Accounts with accounts type small | |
| 2020-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-16 | CH01 | officers | Change person director company with change date | |
| 2019-09-06 | AP01 | officers | Appoint person director company with name date | |
| 2019-07-22 | CH01 | officers | Change person director company with change date | |
| 2019-05-31 | AA | accounts | Accounts with accounts type unaudited abridged |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.