MARSHALL OF CAMBRIDGE AEROSPACE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
Cash
£9M
-32.7% vs 2023
Net assets
£56M
-37.3% vs 2023
Employees
919
-8.6% vs 2023
Profit before tax
-£15M
-136.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.
Name history
Renamed 1 time since incorporation
- MARSHALL OF CAMBRIDGE AEROSPACE LIMITED 1992-08-01 → present
- MARSHALL OF CAMBRIDGE (ENGINEERING) LIMITED 1930-02-13 → 1992-08-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £173,230,000 | £144,447,000 | |
| Operating profit | £13,454,000 | -£3,436,000 | |
| Profit before tax | £39,927,000 | -£14,649,000 | |
| Net profit | £36,756,000 | -£10,372,000 | |
| Cash | £13,738,000 | £9,242,000 | |
| Total assets less current liabilities | £96,726,000 | £61,145,000 | |
| Net assets | £89,111,000 | £55,835,000 | |
| Equity | £89,111,000 | £55,835,000 | |
| Average employees | 1,006 | 919 | |
| Wages | £56,526,000 | £53,039,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.8% | -2.4% | |
| Net margin | 21.2% | -7.2% | |
| Return on capital employed | 13.9% | -5.6% | |
| Current ratio | 1.74x | 1.35x | |
| Interest cover | 57.74x | -27.06x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.”
Group structure
- MARSHALL OF CAMBRIDGE AEROSPACE LIMITED · parent
- Marshall Aerospace Netherlands B.V. 100%
- Slingsby Holdings Limited 100%
- Aeroacademy Limited 100%
- Marshall Middle East Limited 100%
- Marshall Aerospace & Defence France SAS 100%
- Marshall USA LLC 100%
Significant events
- “The UK MOD decision to withdraw its C-130 fleet from service earlier than originally planned.”
- “The company's Greensboro facility build has progressed in-line with expectations, with operations expected to start in 2025.”
- “The Board supports the Group Board's intention to relocate the Aerospace businesses from Cambridge Airport to new, state of-the-art facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOYNIHAN, Sarah Jane | Secretary | 2012-05-30 | — | — |
| BAXTER, Robert Nathaniel | Director | 2025-07-09 | Oct 1961 | British |
| ECCLES, Toby Richard | Director | 2025-12-09 | Aug 1990 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARKER, Jonathan David | Secretary | 1994-01-01 | 2012-05-30 |
| BRUCE, Gordon | Secretary | — | 1993-12-31 |
| ATKINSON, Ian Wilfred | Director | 2013-04-01 | 2017-12-31 |
| BANFIELD, Mark Graham | Director | 2020-09-01 | 2021-07-13 |
| BISHOP, Kevan John | Director | 2015-06-01 | 2018-10-30 |
| BLOOMFIELD, Michael Anthony | Director | — | 1996-11-29 |
| BROADHURST, Martin Tilston | Director | 1992-03-25 | 2010-12-31 |
| BROWNLOW, Bertrand, Air Vice-Marshal | Director | 1992-09-17 | 1994-01-14 |
| BUNNEY, Christopher John | Director | 1995-07-01 | 2010-01-31 |
| CLARK, Glen John | Director | 1994-11-18 | 2016-04-30 |
| CUMMINS, Sean Vincent | Director | 2017-01-05 | 2019-06-24 |
| DASTUR, William Charles Mason | Director | 1996-11-18 | 2016-04-30 |
| DIX, Rupert Ashley | Director | 2017-01-05 | 2020-05-23 |
| ELDRIDGE, Duncan Stuart | Director | 2021-06-03 | 2022-04-25 |
| FITZ-GERALD, Stephen John | Director | 2011-01-01 | 2017-01-13 |
| HEDDERWICK, Peter David Nelson | Director | — | 1996-05-17 |
| HUGHES, Charles Anthony | Director | 2011-09-22 | 2017-12-31 |
| HUSSEY, Keith | Director | 2012-03-31 | 2013-10-23 |
| JENNION, Neal Martin | Director | 2007-03-23 | 2017-07-31 |
| JONES, Stephen Kevin | Director | 2013-06-24 | 2015-04-30 |
| LAUD, Francis | Director | 2016-06-03 | 2017-01-09 |
| MARSHALL, Michael John, Sir | Director | — | 2016-10-01 |
| MARSHALL, Michael John, Sir | Director | — | 1992-09-12 |
| MARSHALL, Robert David | Director | 1998-06-30 | 2019-06-24 |
| MCMANUS, Neil James | Director | 2022-04-25 | 2024-02-16 |
| MCPHEE, Alistair Dickson | Director | 2017-01-09 | 2020-09-17 |
| MILNE, Michael Edward | Director | 1992-03-25 | 2009-12-07 |
| MOYNEHAN, Gary John Scott | Director | 2015-06-01 | 2022-03-23 |
| NIX, Grahame Richard | Director | 1995-07-01 | 2011-03-31 |
| PHILLIPSON, Brian | Director | 2010-04-01 | 2015-08-31 |
| PLEACE, Robert Henry | Director | — | 1993-08-31 |
| PORTER, Craig | Director | 2023-11-20 | 2025-09-23 |
| WARD, Robert Edward | Director | — | 2010-01-30 |
| WHITNEY, Nicholas Charles | Director | 2012-03-31 | 2015-01-28 |
| WILKINSON, Daney Samantha | Director | 2020-09-01 | 2023-09-01 |
| WILLIAMS, Bernard Denis | Director | — | 1993-09-01 |
| WILLIAMS, Gareth | Director | 2024-02-13 | 2025-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Marshall Adg Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-05 | Active |
| Marshall Adg Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-02-05 |
Filing timeline
Last 20 of 211 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-31 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-16.6%
£173,230,000 £144,447,000
-
Cash
-32.7%
£13,738,000 £9,242,000
-
Net assets
-37.3%
£89,111,000 £55,835,000
-
Employees
-8.6%
1,006 919
-
Operating profit
-125.5%
£13,454,000 -£3,436,000
-
Profit before tax
-136.7%
£39,927,000 -£14,649,000
-
Wages
-6.2%
£56,526,000 £53,039,000
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