BOEING COMMERCIAL AVIATION SERVICES EUROPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-25 (in 10mo)
Last made up 2026-03-11
Watchouts
None on the register
Cash
£17M
USD 22,497,000
-85.2% vs 2023
Net assets
£352M
USD 470,309,000
+6.4% vs 2023
Employees
445
+12.7% vs 2023
Profit before tax
£27M
USD 36,469,000
+8.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £830,193,616 | £792,245,646 | |
| Operating profit | £21,578,082 | £17,779,024 | |
| Profit before tax | £25,026,538 | £27,262,465 | |
| Net profit | £14,302,160 | £21,211,034 | |
| Cash | £113,609,180 | £16,817,672 | |
| Total assets less current liabilities | £333,079,166 | £354,340,286 | |
| Net assets | £330,306,496 | £351,580,324 | |
| Equity | £330,306,496 | £351,580,324 | |
| Average employees | 395 | 445 | |
| Wages | £25,407,789 | £26,224,864 | |
| Directors' remuneration | £67,280 | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
-4.6%
£830,193,616 £792,245,646
-
Cash
-85.2%
£113,609,180 £16,817,672
-
Net assets
+6.4%
£330,306,496 £351,580,324
-
Employees
+12.7%
395 445
-
Operating profit
-17.6%
£21,578,082 £17,779,024
-
Profit before tax
+8.9%
£25,026,538 £27,262,465
-
Wages
+3.2%
£25,407,789 £26,224,864
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.6% | 2.2% | |
| Net margin | 1.7% | 2.7% | |
| Return on capital employed | 6.5% | 5.0% | |
| Current ratio | 14.21x | 38.38x | |
| Interest cover | 704.02x | 92.90x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“TBC has confirmed its continued support in writing which covers a period no less than 12 months from the date of approval of these financial statements. Based on the 2024 performance and financial year to date for 2025, current 2025 forecasts and business projections, our current best estimates of market demand, timing of cash receipts and expenditures, and our ability to rely on TBC for continued support, the directors are of the opinion that the Company will continue in operational existence, as a going concern, for the foreseeable future.”
Group structure
- BOEING COMMERCIAL AVIATION SERVICES EUROPE LIMITED · parent
- Boeing Technical Services UK Limited 100%
Significant events
- “In February 2025, BCASEL entered into an agreement to sell its London Gatwick hangar and MRO business to a subsidiary of British Airways PLC. That sale completed on 2nd May 2025. This has led to a gain in the range of $45-$55m in 2025.”
- “On 26 March 2025 the Company cancelled 306,614,404 ordinary shares with a value of £1 each causing $405.9m to be transferred to the profit and loss reserve.”
- “On 26 March 2025 the directors of the Company approved an interim dividend of $171.1m to BUKL, the parent company of BCASEL. This was settled by assigning a loan receivable, due from TBC to BCASEL, to BUKL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Simon Howard | Secretary | 2017-09-19 | — | — |
| ALLEN, Dominic | Director | 2022-07-20 | Feb 1980 | British |
| DRAKE, Daniel James | Director | 2024-03-19 | Apr 1986 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CATRON, John Adams | Secretary | 2012-08-21 | 2013-01-15 |
| JONES, Simon Howard | Secretary | 2013-01-15 | 2014-05-06 |
| SIM, Paul James | Secretary | 2014-05-06 | 2017-09-19 |
| ARTHUR, Michael Anthony, Sir | Director | 2014-09-24 | 2019-07-18 |
| BONE, Roger Bridgland, Sir | Director | 2012-08-21 | 2014-09-30 |
| DONNELLY, Martin Eugene, Sir | Director | 2019-07-18 | 2022-10-27 |
| HENSEY, Bernard Joseph | Director | 2012-08-21 | 2017-09-19 |
| LAINE, Maria | Director | 2022-10-27 | 2025-11-24 |
| PALMER, John Norman | Director | 2017-11-01 | 2021-04-09 |
| ROREM, Natalie | Director | 2020-06-22 | 2021-03-12 |
| SISSON, Mark | Director | 2021-04-21 | 2023-04-27 |
| TURNER, Daniella Dina Marie | Director | 2012-08-21 | 2019-03-29 |
| WELSH, Nicola Joanne | Director | 2021-03-12 | 2024-03-19 |
| WOLTER, Christopher James | Director | 2015-04-17 | 2020-06-17 |
| ZRUST, James Herman | Director | 2012-08-21 | 2015-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Boeing United Kingdom Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 72 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-03-17 | SH20 | capital | Legacy | |
| 2025-03-17 | CAP-SS | insolvency | Legacy | |
| 2025-03-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-14 | AA | accounts | Accounts with accounts type full | |
| 2023-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-20 | AD02 | address | Change sail address company with old address new address | |
| 2022-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 1
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.