TURNER AVIATION LIMITED
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Cash
£718k
lowest in 3 filed years
Net assets
£8.8m
highest in 3 filed years
Employees
53
Average over period
Profit before tax
£4.1m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | 2024-03-31 | 2025-03-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £15,701,141 | £17,630,570 | £14,797,221 | — | |
| Operating profit | £5,003,705 | £5,625,473 | £4,117,954 | — | |
| Profit before tax | £5,012,515 | £5,632,463 | £4,122,536 | — | |
| Net profit | £3,759,283 | £4,223,670 | £3,091,227 | — | |
| Cash | £1,530,555 | £1,350,517 | £718,034 | — | |
| Total assets less current liabilities | £6,012,654 | £5,801,506 | £8,900,523 | — | |
| Net assets | £6,012,654 | £5,736,324 | £8,827,551 | — | |
| Equity | £6,012,654 | £5,736,324 | £8,827,551 | — | |
| Average employees | 47 | 54 | 53 | — | |
| Wages | £1,787,722 | £2,004,480 | £1,617,563 | — | |
| Directors' remuneration | £191,407 | £197,761 | £154,308 | — | |
| Directors' pension contributions | £60,000 | £60,000 | £0 | — |
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 9 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 31.9% | 31.9% | 27.8% | |
| Net margin | 23.9% | 24.0% | 20.9% | |
| Return on capital employed | 83.2% | 97.0% | 46.3% | |
| Gearing (liabilities / total assets) | 21.5% | 25.4% | 19.6% | |
| Current ratio | 4.53x | 3.87x | 5.10x |
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
- TURNER AVIATION LIMITED 1987-08-19 → present
- TURNER AVIATION (GLASGOW) LIMITED 1967-03-02 → 1987-08-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 this 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).”
- “On 5 May 2026, Precision Aviation Group, Inc. was acquired by VSE Corporation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COHN, Adam Robert Milton | Director | 2026-05-05 | Mar 1986 | American |
| FARLEY, Peter | Director | 2025-07-09 | Apr 1967 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARMICHAEL, Alan Gordon | Secretary | 2017-10-26 | 2025-07-09 |
| PARRACK, Ian | Secretary | 2014-01-01 | 2017-10-26 |
| RUSSELL, James Dunn | Secretary | — | 1989-11-17 |
| SHARP, William Stuart | Secretary | — | 2014-01-01 |
| BROWN, Ian | Director | — | 2005-07-13 |
| CAMPBELL, Craig | Director | 2023-05-31 | 2025-07-09 |
| DREW, Frederic Shaw | Director | — | 1989-11-17 |
| KNOX, Graham Bruce | Director | 2014-01-01 | 2023-05-31 |
| MACDONALD, Brian Duke | Director | — | 1990-10-01 |
| MACINTOSH, Kathleen | Director | 2025-07-09 | 2026-05-05 |
| MAST, David | Director | 2025-07-09 | 2026-05-05 |
| MORRISON, Robert | Director | — | 1994-03-24 |
| MUIRHEAD, Douglas Henry | Director | 1998-07-08 | 2025-07-09 |
| PAGE, Scott | Director | 2025-07-09 | 2025-08-22 |
| RUSSELL, James Dunn | Director | — | 2002-07-11 |
| TEDMAN, Ernest Charles | Director | — | 2001-04-15 |
| TURNER, Alan Gerard | Director | 2002-07-11 | 2025-07-09 |
| TURNER, Alexander Gordon | Director | — | 2014-01-01 |
| TURNER, Alexander Gordon | Director | — | 1989-11-17 |
| WALKER, Andrew Orr | Director | — | 2006-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pag Uk Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-09 | Active |
| Turner & Co (Glasgow) Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2025-07-09 |
Filing timeline
Last 20 of 153 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-09 RESOLUTIONS Resolution
- 2025-09-09 MA Memorandum articles
- 2025-08-26 MA Memorandum articles
- 2025-08-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-05-20 | ANNOTATION | miscellaneous | Legacy | |
| 2026-05-20 | ANNOTATION | miscellaneous | Legacy | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-11-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-09 | MA | incorporation | Memorandum articles | |
| 2025-09-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-26 | MA | incorporation | Memorandum articles | |
| 2025-08-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-22 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.