EXETER AEROSPACE LIMITED
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Cash
£976k
Latest balance sheet
Net assets
£4.9m
highest in 5 filed years
Employees
135
highest in 5 filed years
Profit before tax
£3.2m
Period ending 2025-12-31
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 | 2020-11-30 | 2021-09-30 | 2022-09-30 | 2024-09-30 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £0 | £1,486,617 | £8,776,545 | £20,073,228 | £29,838,779 | — | |
| Operating profit | -£229,867 | -£840,332 | £207,751 | £2,655,000 | £3,182,115 | — | |
| Profit before tax | -£229,867 | -£840,332 | £207,751 | £2,655,000 | £3,182,115 | — | |
| Net profit | — | — | — | £2,020,520 | £2,380,222 | — | |
| Cash | £91,825 | £409,392 | £693,506 | £1,841,549 | £975,856 | — | |
| Total assets less current liabilities | -£229,866 | -£1,070,198 | -£862,447 | £2,538,357 | £4,918,579 | — | |
| Net assets | -£229,866 | -£1,070,198 | -£862,447 | £2,538,357 | £4,918,579 | — | |
| Equity | — | — | — | £2,538,357 | £4,918,579 | — | |
| Average employees | 3 | 51 | 25 | 111 | 135 | — | |
| Wages | — | — | — | £4,879,465 | £7,524,177 | — | |
| Directors' remuneration | — | — | — | — | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-11-30 | 2021-09-30 | 2022-09-30 | 2024-09-30 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | -56.5% | 2.4% | 13.2% | 10.7% | |
| Net margin | — | — | — | 10.1% | 8.0% | |
| Return on capital employed | — | — | — | 104.6% | 64.7% | |
| Gearing (liabilities / total assets) | 118.5% | 151.1% | 118.3% | 70.7% | 55.8% | |
| Current ratio | — | — | — | 1.33x | 1.69x |
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
- EXETER AEROSPACE LIMITED 2020-10-26 → present
- MANCHESTER AEROSPACE LIMITED 2019-11-06 → 2020-10-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The sole director reports that they have satisfied themselves at the time of approving the financial statements that the company is a going concern, having adequate financial resources. In forming this view, the sole director has considered the future cash requirements of the business in the context of the economic environments of 2025 and 2026, risks and uncertainties facing the company, and the medium-term strategy of the company.”
Significant events
- “On 28 February 2026, significant geopolitical tensions escalated in the Middle East region.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCARTHY, Conor John | Director | 2019-11-06 | Feb 1962 | Irish |
Ownership
Persons with significant control
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | AA | accounts | Accounts with accounts type full | |
| 2026-04-14 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type small | |
| 2024-11-06 | AA | accounts | Accounts with accounts type small | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-02 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-09-03 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-16 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-09-13 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-08-29 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-12-14 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-12-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-09 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-11-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-06-18 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.