AFFINITY FLYING TRAINING SERVICES LIMITED
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Cash
£8.5M
+65.5% vs 2023
Net assets
£2.6M
+228.3% vs 2023
Employees
0
Average over period
Profit before tax
£2.3M
+293.3% vs 2023
Profit before tax
2-year trend · vs Unclassified median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £30,807,000 | £30,089,000 | -2.3% | |
| Operating profit | £2,177,000 | £1,385,000 | -36.4% | |
| Profit before tax | £583,000 | £2,293,000 | +293.3% | |
| Net profit | £120,000 | £1,781,000 | +1,384.2% | |
| Cash | £5,122,000 | £8,477,000 | +65.5% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | — | — | |
| Equity | £780,000 | £2,561,000 | +228.3% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Operating margin | 7.1% | 4.6% | |
| Net margin | 0.4% | 5.9% | |
| Interest cover | 0.90x | — |
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.
Name history
Renamed 1 time since incorporation
- AFFINITY FLYING TRAINING SERVICES LIMITED 2015-10-28 → present
- SWANMIST LIMITED 2015-10-02 → 2015-10-28
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors continue to have a reasonable expectation that the Company has adequate resources to continue operating for the foreseeable future. Thus, they have adopted the going concern basis when preparing the financial statements.”
Significant events
- “During 2020 ACWL procured and took delivery of an additional four Texan aircraft at RAF Valley as part of the SDSR (Strategic Defence & Security Review) 'Lite Contract'. In 2021 the ongoing obligations under SDSR, including ongoing aircraft maintenance, transferred from ACWL to AFSL.”
- “During 2023 AFTSL satisfied its obligations under the Common Terms Agreement (CTA), referred to as the 'Service Debt Discharge Date' (SDDD), with repayment of the final Debt balance to the three banking lenders. The completion of the loans and release of the CTA triggered several contractual events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOODIER, Nicholas David | Secretary | 2021-01-29 | — | — |
| DONOHOE, Barry Robert | Director | 2024-11-11 | Apr 1972 | British |
| FAUSSET, Martin Clifford St John | Director | 2017-02-01 | Feb 1957 | British |
| GOODWIN, Andrew Marino | Director | 2020-07-31 | Feb 1985 | American |
| LEIBOVICH, Elad | Director | 2020-06-06 | Mar 1982 | Israeli |
| MEFFAN, Peter John | Director | 2025-02-10 | Jan 1964 | British |
| RAVIV, Adi | Director | 2022-09-28 | Aug 1976 | Israeli |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUTNAM, Nicholas Richard | Secretary | 2015-10-27 | 2016-09-30 |
| USHER, Simon Jeffrey | Secretary | 2016-10-01 | 2021-01-29 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2015-10-02 | 2015-10-27 |
| ALON, Reuven | Director | 2015-10-27 | 2022-09-28 |
| BARRETT, James Arthur | Director | 2019-07-18 | 2020-07-31 |
| BARRIE, Andrew Jonathan | Director | 2015-10-27 | 2022-10-19 |
| GASPAR, Joseph | Director | 2015-10-27 | 2017-02-01 |
| HENRY, Larry Jay | Director | 2015-10-27 | 2019-07-17 |
| KAHN, Paul Emmanuel, Mr. | Director | 2022-10-19 | 2024-11-15 |
| LEVY, Adrian Joseph Morris | Director | 2015-10-02 | 2015-10-27 |
| MEFFAN, Peter John | Director | 2015-10-27 | 2024-11-15 |
| PUDGE, David John | Director | 2015-10-02 | 2015-10-27 |
| RECHES, Oren | Director | 2015-10-27 | 2020-06-06 |
| SMART, Peter | Director | 2015-10-27 | 2022-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elbit Systems Uk Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Kellogg Brown & Root Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-10 | AA | accounts | Accounts with accounts type full | |
| 2023-07-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full |
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.