AVIATION & DEFENCE SPARES GROUP LIMITED
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Cash
£990k
+78.9% highest in 3 filed years
Net assets
£8.7m
-10.4% vs 2024
Employees
20
+5.3% highest in 3 filed years
Profit before tax
£842k
-81.2% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 |
|---|---|---|---|---|---|
| Turnover | £29,095,955 | £27,990,248 | £16,249,095 | -41.9% | |
| Operating profit | £4,095,706 | £4,550,009 | £863,780 | -81% | |
| Profit before tax | £3,998,952 | £4,468,706 | £841,910 | -81.2% | |
| Net profit | £3,015,415 | £3,345,679 | £643,709 | -80.8% | |
| Cash | £729,337 | £553,549 | £990,221 | +78.9% | |
| Total assets less current liabilities | £7,816,690 | £9,694,190 | £8,692,128 | -10.3% | |
| Net assets | £7,796,890 | £9,676,690 | £8,674,928 | -10.4% | |
| Equity | £7,796,890 | £9,676,690 | £8,674,928 | -10.4% | |
| Average employees | 17 | 19 | 20 | +5.3% | |
| Wages | £864,499 | £1,045,211 | £1,015,160 | -2.9% | |
| Directors' remuneration | £469,709 | £526,558 | £339,240 | -35.6% | |
| Directors' pension contributions | £2,642 | £2,642 | £2,642 | 0% | |
| Highest paid director | £305,527 | £341,608 | £232,096 | -32.1% |
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 | 14.1% | 16.3% | 5.3% | |
| Net margin | 10.4% | 12.0% | 4.0% | |
| Return on capital employed | 52.4% | 46.9% | 9.9% | |
| Gearing (liabilities / total assets) | 45.9% | 28.3% | 44.0% | |
| Current ratio | 2.08x | 3.38x | 2.18x | |
| Interest cover | 42.33x | 55.96x | 39.50x |
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
“These facilities, together with existing cash reserves and the forecast improvement in trading performance, provide the Directors with a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.”
Group structure
- AVIATION & DEFENCE SPARES GROUP LIMITED · parent
- Aviation & Defence Spares Limited 100%
- Aviation & Defence Spares Inc 100%
- ADS Aircraft Spare Parts LLC 100%
- ADS Spares Private Ltd 100%
Significant events
- “A significant strategic milestone during the year was the incorporation of new subsidiary companies in the United Arab Emirates and India, strengthening the group's international presence and providing a platform for future growth in key global markets.”
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 41 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 | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type group | |
| 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 |
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.