THE ROYAL AIR FORCE CENTRAL FUND
Get an alert when THE ROYAL AIR FORCE CENTRAL FUND files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.5m
-57.5% lowest in 3 filed years
Net assets
£57m
+4.9% highest in 3 filed years
Employees
19
+18.8% highest in 3 filed years
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Unclassified 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 |
|---|---|---|---|---|---|
| Total income | £3,109,099 | £6,639,218 | £6,260,268 | -5.7% | |
| Operating profit | £1,103,963 | £916,520 | — | — | |
| Profit before tax | £3,092,648 | £3,701,741 | — | — | |
| Net profit | £3,092,648 | £3,701,741 | £2,666,235 | -28% | |
| Cash | £3,256,212 | £3,451,311 | £1,468,288 | -57.5% | |
| Total assets less current liabilities | £50,949,713 | £54,241,454 | £56,907,689 | +4.9% | |
| Net assets | £50,539,713 | £54,241,454 | £56,907,689 | +4.9% | |
| Equity | £50,539,713 | £54,241,454 | £56,907,689 | +4.9% | |
| Average employees | 16 | 16 | 19 | +18.8% | |
| Wages | £623,240 | £679,590 | £731,496 | +7.6% | |
| Directors' remuneration | £290,028 | £186,328 | — | — |
Values shown as filed in the company's annual accounts. — 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 | 35.5% | 13.8% | — | |
| Net margin | 99.5% | 55.8% | 42.6% | |
| Return on capital employed | 2.2% | 1.7% | — | |
| Gearing (liabilities / total assets) | 1.4% | 0.9% | 2.1% | |
| Current ratio | 18.67x | 10.71x | 2.45x | |
| Interest cover | 2.87x | 1.80x | — |
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
- Consolidated group
- Auditor
- Affinia (Crawley)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Trustees consider it appropriate for these accounts to be prepared on the going concern basis.”
Group structure
- THE ROYAL AIR FORCE CENTRAL FUND · parent
- Royal Air Force Central Fund Trading Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRASKE, Nicola | Secretary | 2016-08-04 | — | — |
| BAKER, Chantal Emma | Director | 2020-04-17 | Mar 1979 | British |
| BROWN, Julian William | Director | 2024-05-06 | Dec 1969 | Australian |
| FARMERY, Alison | Director | 2018-09-26 | Oct 1962 | British |
| GRIPTON, Helen Louise | Director | 2025-11-12 | Apr 1981 | British |
| MICHAELSON, John Charles | Director | 2018-04-06 | Apr 1951 | American |
| MOLLOY, Eamonn Mark, Dr | Director | 2017-07-27 | Jan 1971 | British |
| STRINGER, John Jackson | Director | 2025-11-12 | Nov 1969 | British |
| VERONESE, Oscar-Luigi | Director | 2024-07-12 | Sep 1960 | British |
| WILLIAMS, Mark | Director | 2018-09-26 | Jul 1959 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TOLFTS, Ian, Group Captain | Secretary | 2014-03-01 | 2016-08-04 |
| ALLEN, Peter John | Director | 2013-06-04 | 2018-07-20 |
| BEET, Nigel, Air Commodore | Director | 2013-06-04 | 2016-08-04 |
| BRIDGELAND, Sally | Director | 2018-09-26 | 2021-07-07 |
| CROSSLEY, Jonathan, Warrant Officer | Director | 2018-07-20 | 2024-04-24 |
| ELLIS, John Raymond | Director | 2019-07-08 | 2022-04-12 |
| GRAY, Susan Catherine, Dame | Director | 2024-03-04 | 2025-05-06 |
| MARDELL, Alison, Air Vice Marshal | Director | 2016-08-04 | 2018-08-21 |
| NORTH, Barry Mark, Air Marshal | Director | 2014-03-01 | 2016-05-23 |
| OPIE, Gerald Alan, Air Commodore | Director | 2014-03-01 | 2016-08-04 |
| OPIE, Gerald Alan, Air Commodore | Director | 2014-03-01 | 2014-03-01 |
| OWEN, Peter Nigel | Director | 2014-03-01 | 2017-07-27 |
| REYNOLDS, Sean, Air Marshal | Director | 2016-08-04 | 2018-06-06 |
| WEST, Elaine, Air Commodore | Director | 2013-06-04 | 2016-08-04 |
| WIGSTON, Michael, Sir | Director | 2018-07-31 | 2019-04-10 |
| WILES, Matthew John Gethin, Air Vice-Marshal | Director | 2013-06-04 | 2014-03-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-21 RESOLUTIONS Resolution
- 2025-07-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-21 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-21 | MA | incorporation | Memorandum articles | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-28 | AA | accounts | Accounts with accounts type group | |
| 2024-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-10 | CH01 | officers | Change person director company with change date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- 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.