WILLIS ENGINE REPAIR CENTRE (UK) LIMITED
Get an alert when WILLIS ENGINE REPAIR CENTRE (UK) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1.1m
USD 1,537,031
-46.7% vs 2024
Net assets
£7.8m
USD 10,462,320
-5.5% vs 2024
Employees
53
-33.8% lowest in 5 filed years
Profit before tax
£31m
USD 42,270,889
+2,245.2% highest in 5 filed years
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £9,956,227 | £12,105,175 | £14,979,958 | £14,457,580 | £4,821,765 | -66.6% | |
| Operating profit | £1,104,187 | £1,536,517 | £1,817,567 | £1,536,683 | -£1,099,769 | -171.6% | |
| Profit before tax | £950,698 | £1,388,949 | £1,712,744 | £1,337,629 | £31,369,862 | +2,245.2% | |
| Net profit | £671,208 | £855,341 | £1,483,469 | £1,337,032 | £31,269,306 | +2,238.7% | |
| Cash | £1,505,194 | £1,666,654 | £1,013,067 | £2,140,270 | £1,140,654 | -46.7% | |
| Total assets less current liabilities | £8,997,678 | £10,222,283 | £10,325,321 | £11,872,641 | £8,797,153 | -25.9% | |
| Net assets | £5,518,188 | £6,373,529 | £6,786,284 | £8,219,460 | £7,764,245 | -5.5% | |
| Equity | £5,518,188 | £6,373,529 | £6,786,284 | £8,219,460 | £7,764,245 | -5.5% | |
| Average employees | 68 | 80 | 73 | 80 | 53 | -33.8% | |
| Wages | £4,960,491 | £6,611,968 | £6,043,512 | £6,425,622 | £2,073,469 | -67.7% | |
| Directors' remuneration | — | — | — | — | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 11.1% | 12.7% | 12.1% | 10.6% | -22.8% | |
| Net margin | 6.7% | 7.1% | 9.9% | 9.2% | — | |
| Return on capital employed | 12.3% | 15.0% | 17.6% | 12.9% | -12.5% | |
| Gearing (liabilities / total assets) | 49.2% | 54.0% | 47.3% | 60.5% | 40.9% | |
| Current ratio | — | — | 1.88x | 1.46x | 0.78x | |
| Interest cover | 7.19x | 10.40x | 17.34x | 7.72x | -11.98x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WILLIS ENGINE REPAIR CENTRE (UK) LIMITED 2025-07-02 → present
- WILLIS ASSET MANAGEMENT LIMITED 2016-10-20 → 2025-07-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, there is 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.”
Group structure
- WILLIS ENGINE REPAIR CENTRE (UK) LIMITED · parent
- Bridgend Asset Management Limited 100%
Significant events
- “Post year end, the consultancy and advisory trade of Willis Engine Repair Centre (UK) Limited was transferred to it's newly formed subsidiary Bridgend Asset Management Limited.”
- “On 8th May 2025, it was subsequently agreed to sell Bridgend Asset Management Limited to Willis Mitsui & Co. Engine Support Limited, a joint venture 50% owned by Willis Lease Finance Corporation. The sale completed on 30 June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FAILLER, Garry Anthony | Director | 2025-06-24 | Jul 1958 | American,Canadian |
| PEMBERTON, Mark | Director | 2025-06-24 | May 1975 | British |
| VANDEDRINCK, Caroline | Director | 2025-06-24 | Mar 1970 | American |
| WILLIS, Austin Chandler | Director | 2025-06-24 | Jun 1980 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2016-10-20 | 2025-05-01 |
| HOLE, Brian Richard | Director | 2016-10-20 | 2025-06-24 |
| POULAKIDAS, Dean Michael | Director | 2016-10-20 | 2025-06-12 |
| WESTON, Clive | Director | 2016-10-20 | 2016-10-20 |
| WILLIS, Charles Fountain | Director | 2016-10-20 | 2025-06-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Willis Lease Finance Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-21 | Active |
| Norose Company Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-20 | Ceased 2016-10-21 |
| Norose Company Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-20 | Ceased 2016-10-20 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CH01 | officers | Change person director company with change date | |
| 2024-02-05 | AA | accounts | Accounts with accounts type full | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.