WILLIS ENGINE REPAIR CENTRE (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
Cash
£3M
+108.3% highest in 4 filed years
Net assets
£10M
+19.4% highest in 4 filed years
Employees
80
+9.6% vs 2023
Profit before tax
£2M
-23% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | — | — | — | — | — | £14,268,866 | £13,578,907 | |
| Operating profit | — | — | — | — | — | £1,731,288 | £1,443,289 | |
| Profit before tax | — | — | — | £1,388,949 | £662,932 | £2,182,378 | £1,680,597 | |
| Net profit | — | — | — | £855,341 | £383,318 | £1,890,236 | £1,679,847 | |
| Cash | — | — | — | £1,666,654 | £1,900,664 | £1,290,850 | £2,689,035 | |
| Total assets less current liabilities | — | — | — | £10,222,283 | £11,289,174 | £13,156,524 | £14,916,786 | |
| Net assets | — | — | — | £6,373,529 | £6,756,847 | £8,647,083 | £10,326,930 | |
| Equity | -£2,487,649 | £4,846,980 | £5,518,188 | £6,373,529 | £6,756,847 | £8,647,083 | £10,326,930 | |
| Average employees | — | — | — | 80 | 92 | 73 | 80 | |
| Wages | — | — | — | £6,611,968 | £7,285,074 | £7,700,643 | £8,073,152 | |
| Directors' remuneration | — | — | — | — | — | — | — |
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
-4.8%
£14,268,866 £13,578,907
-
Cash
+108.3%
£1,290,850 £2,689,035
highest in 4 filed years
-
Net assets
+19.4%
£8,647,083 £10,326,930
highest in 4 filed years
-
Employees
+9.6%
73 80
-
Operating profit
-16.6%
£1,731,288 £1,443,289
-
Profit before tax
-23%
£2,182,378 £1,680,597
-
Wages
+4.8%
£7,700,643 £8,073,152
highest in 4 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 | — | — | — | — | — | 12.1% | 10.6% | |
| Net margin | — | — | — | — | — | 13.2% | 12.4% | |
| Return on capital employed | — | — | — | — | — | 13.2% | 9.7% | |
| Current ratio | — | — | — | — | — | 2.52x | 1.95x | |
| Interest cover | — | — | — | — | — | 12.96x | 5.77x |
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
- 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)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
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, and rename the entitiy Willis Mitsui & Co Asset Management Limited. 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 39 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2022-12-30 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 4
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.