TURNER AVIATION LIMITED

• ◆

  8 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  +12.3%

  £15,701,141 → £17,630,570

• Cash

  -11.8%

  £1,530,555 → £1,350,517

• Net assets

  -4.6%

  £6,012,654 → £5,736,324

• Employees

  +14.9%

  47 → 54

• Operating profit

  +12.4%

  £5,003,705 → £5,625,473

• Profit before tax

  +12.4%

  £5,012,515 → £5,632,463

• Wages

  +12.1%

  £1,787,722 → £2,004,480

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

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.

1. TURNER AVIATION LIMITED 1987-08-19 → present
2. TURNER AVIATION (GLASGOW) LIMITED 1967-03-02 → 1987-08-19

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the ability of the company to continue as a going concern, the directors have prepared and reviewed detailed trading and cash flows projections covering the next 12 months from the date of this report. The directors acknowledge that there are inherent uncertainties with these projections. They are satisfied that the company has adequate cash reserves to mitigate any sustained downturn in their markets that could arise over the course of the next 12 months. On the basis, the financial statements have been prepared on a going concern basis.”

Significant events

• “On 9 July 2025, Turner Aviation was acquired by Precision Aviation Group, Inc. (PAG). PAG is a leading provider of maintenance, repair, and overhaul (MRO) services as well as value-added solutions to the global aerospace and defence industries. The addition of Turner Aviation marks PAG's first facility in the EMEA region and is part of the company's broader global growth strategy. The acquisition provides Turner Aviation with increased resources and a global network whilst also allowing PAG to better serve their customers in region by providing expanded local support, faster turnaround times and enhanced capabilities.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

8

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.