AVIATION & DEFENCE SPARES GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-12 (in 5mo)
Last made up 2025-09-28
Watchouts
None on the register
Cash
£554K
-24.1% vs 2023
Net assets
£10M
+24.1% highest in 4 filed years
Employees
19
+11.8% highest in 4 filed years
Profit before tax
£4M
+11.7% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £29,095,955 | £27,990,248 | |
| Operating profit | — | — | £4,095,706 | £4,550,009 | |
| Profit before tax | — | — | £3,998,952 | £4,468,706 | |
| Net profit | — | — | £3,015,415 | £3,345,679 | |
| Cash | — | — | £729,337 | £553,549 | |
| Total assets less current liabilities | — | — | £7,816,690 | £9,694,190 | |
| Net assets | £100 | £100 | £7,796,890 | £9,676,690 | |
| Equity | £100 | £100 | £7,796,890 | £9,676,690 | |
| Average employees | 0 | 0 | 17 | 19 | |
| Wages | — | — | £864,499 | £1,045,211 | |
| Directors' remuneration | — | — | £469,709 | £526,558 |
Values shown as filed in the company's annual accounts. — 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
-3.8%
£29,095,955 £27,990,248
-
Cash
-24.1%
£729,337 £553,549
-
Net assets
+24.1%
£7,796,890 £9,676,690
highest in 4 filed years
-
Employees
+11.8%
17 19
highest in 4 filed years
-
Operating profit
+11.1%
£4,095,706 £4,550,009
-
Profit before tax
+11.7%
£3,998,952 £4,468,706
-
Wages
+20.9%
£864,499 £1,045,211
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 | 2019-09-30 | 2020-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 14.1% | 16.3% | |
| Net margin | — | — | 10.4% | 12.0% | |
| Return on capital employed | — | — | 52.4% | 46.9% | |
| Gearing (liabilities / total assets) | — | — | 45.9% | 28.3% | |
| Current ratio | — | — | 2.08x | 3.38x | |
| Interest cover | — | — | 42.33x | 55.96x |
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
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared extended financial forecasts for ADS Group Ltd through to March 2026, which incorporate current trading performance, the confirmed order book, and anticipated sales pipeline. Based on this assessment, turnover for the year ending December 2025 is expected to remain broadly in line with FY24, primarily driven by sustained revenue from our operations in the USA and India. To support the company's working capital requirements, ADS Group Ltd has: • Renewed its Trade Facility, maintaining a limit of £4.80 million. • Established a new Invoice Finance Facility, with a committed limit of £3.50 million, providing additional liquidity for trading activities. These facilities, alongside existing cash reserves, provide the company with sufficient funding to meet operational obligations and support planned growth initiatives into FY26.”
Group structure
- AVIATION & DEFENCE SPARES GROUP LIMITED · parent
- Aviation & Defence Spares Limited 100%
- Aviation & Defence Spares Inc 100%
Significant events
- “Renewed Trade Facility, maintaining a limit of £4.80 million.”
- “Established a new Invoice Finance Facility, with a committed limit of £3.50 million, providing additional liquidity for trading activities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Stephen | Director | 2021-05-01 | Mar 1982 | British |
| GORDON, James Nicholas Molyneux | Director | 2018-09-29 | Dec 1975 | British |
| GORDON, Matthew Charles | Director | 2018-09-29 | Jan 1973 | English |
| PRCHAL, Jakub | Director | 2021-05-01 | Dec 1986 | Czech |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nicholas Peter Gordon | Individual | Shares 25–50%, Voting 25–50% | 2018-09-29 | Ceased 2021-02-26 |
| James Nicholas Molyneux Gordon | Individual | Shares 25–50%, Voting 25–50% | 2018-09-29 | Active |
| Mr Matthew Charles Gordon | Individual | Shares 25–50%, Voting 25–50% | 2018-09-29 | Active |
Filing timeline
Last 20 of 40 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-24 RESOLUTIONS Resolution
- 2023-10-24 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-19 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-08-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-21 | CH01 | officers | Change person director company with change date | |
| 2025-06-11 | AA | accounts | Accounts with accounts type group | |
| 2024-10-29 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-25 | CH01 | officers | Change person director company with change date | |
| 2024-09-25 | CH01 | officers | Change person director company with change date | |
| 2024-05-16 | AA | accounts | Accounts with accounts type group | |
| 2023-10-24 | SH02 | capital | Capital alter shares subdivision | |
| 2023-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-24 | MA | incorporation | Memorandum articles | |
| 2023-10-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-04 | CH01 | officers | Change person director company with change date | |
| 2023-05-27 | AA | accounts | Accounts with accounts type group | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2022-11-18 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.