GKN AEROSPACE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-15 (in 4mo)
Last made up 2025-09-01
Watchouts
None on the register
Cash
£1M
-83.9% vs 2023
Net assets
£816M
+14.6% vs 2023
Employees
3,456
-5% vs 2023
Profit before tax
£112M
-23.4% vs 2023
Name history
Renamed 5 times since incorporation
- GKN AEROSPACE SERVICES LIMITED 2001-06-01 → present
- GKN WESTLAND AEROSPACE LIMITED 1996-01-02 → 2001-06-01
- WESTLAND AEROSPACE LIMITED 1992-12-15 → 1996-01-02
- WESTLAND AEROSTRUCTURES LIMITED 1987-04-08 → 1992-12-15
- BRITISH HOVERCRAFT CORPORATION LIMITED 1966-12-06 → 1987-04-08
- VICKERS (AVIATION) LIMITED 1939-08-12 → 1966-12-06
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 | £717,575,000 | £709,716,000 | |
| Operating profit | £766,000 | £49,237,000 | |
| Profit before tax | £145,530,000 | £111,516,000 | |
| Net profit | £136,832,000 | £77,558,000 | |
| Cash | £8,031,000 | £1,296,000 | |
| Total assets less current liabilities | £819,659,000 | £914,184,000 | |
| Net assets | £712,154,000 | £816,090,000 | |
| Equity | £712,154,000 | £816,090,000 | |
| Average employees | 3,637 | 3,456 | |
| Wages | £177,898,000 | £173,120,000 |
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 | 0.1% | 6.9% | |
| Net margin | 19.1% | 10.9% | |
| Return on capital employed | 0.1% | 5.4% | |
| Gearing (liabilities / total assets) | 35.5% | 34.2% | |
| Current ratio | 2.84x | 2.85x | |
| Interest cover | 0.07x | 2.68x |
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
- Affirmed
“The financial statements have been prepared on a going concern basis. The Company's forecasts show that the Company expects to be able to continue to operate for the next 12 months from the date of the approval of these financial statements. Long-term intercompany arrangements exist with GKN Enterprise Limited... This availability of cash has been factored into the going concern assessment. The Company has also received a letter of support, from GKN Enterprise Limited confirming that it will repay the cash deposited by the Company when required to meet its liabilities over the next 12 months from the date of approval of these financial statements.”
Group structure
- GKN AEROSPACE SERVICES LIMITED · parent
- GKN 1 Trustee 2018 Limited 100%
- GKN 4 Trustee 2018 Limited 100%
- GKN Investments II GP Limited 100%
- GKN Aerospace (Shanghai) Co., Ltd 100%
- GKN Aerospace (Jingjiang) Co., Ltd 100%
Significant events
- “On 1 March 2024, the Company disposed of its Fuel Systems business (Portsmouth site) generating a profit on disposal in the year of £31,821,000 with consideration of £41,160,000 being received.”
- “Distributions from GKN Investments II LP of £28,226,000 compare to £86,593,000 in 2023. The reduction primarily represents the one-off profit in 2023 on disposal of sub-licence rights, arising from the demerger of Dowlais Group plc from the Melrose Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Sarah Anne | Director | 2024-03-07 | Feb 1979 | British |
| FERNANDEZ, Warren | Director | 2023-05-31 | Dec 1986 | British |
| GOUGH, Richard Paul | Director | 2020-03-23 | Nov 1976 | British |
| KISMUL, Marisa | Director | 2020-10-20 | Jul 1973 | British |
| PAYNE, Michael | Director | 2024-03-07 | Jul 1980 | British |
| PRITCHARD, John David Charles | Director | 2015-10-01 | Dec 1970 | British |
| SCHOFIELD, Susan Kathleen Gladys | Director | 2022-12-01 | Feb 1978 | British |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRCH, Ian | Secretary | 2013-04-23 | 2020-03-10 |
| CHIPCHASE, Graham Andrew | Secretary | 2001-09-03 | 2003-01-29 |
| CRAWFORD, Jonathon Colin Fyfe | Secretary | 2018-07-04 | 2023-05-31 |
| DURBACZ, Antony | Secretary | 2003-01-29 | 2004-09-24 |
| DUTTON, Andrew | Secretary | 2004-09-24 | 2010-03-12 |
| HEWGILL, Alastair | Secretary | 1998-09-01 | 2001-09-03 |
| PAICE, Herbert William | Secretary | — | 1992-06-01 |
| RIMINGTON, David Blackett | Secretary | 1992-06-01 | 1994-05-31 |
| RUSHTON, Clive | Secretary | 1994-06-01 | 1998-09-01 |
| GKN GROUP SERVICES LTD | Corporate Secretary | 1999-12-15 | 2019-04-12 |
| ARMITAGE, Jeffrey Peter | Director | 2005-04-22 | 2015-10-01 |
| BARNES, Garry Elliot, Mr. | Director | 2018-07-04 | 2024-03-07 |
| BRYSON, Marcus James Stirling | Director | 2003-01-29 | 2014-12-31 |
| BÜTHKER, Hans | Director | 2018-01-01 | 2020-09-29 |
| CHIPCHASE, Graham Andrew | Director | 2001-09-03 | 2003-01-29 |
| CHISNALL, Graham | Director | 2002-03-18 | 2005-11-18 |
| CRAWFORD, Jonathon Colin Fyfe | Director | 2018-07-04 | 2023-05-31 |
| CUMMINGS, Kevin Lee | Director | 2014-01-21 | 2017-11-16 |
| DUNN, Russell Gary | Director | 2015-02-25 | 2020-10-19 |
| DUTTON, Andrew | Director | 2015-01-20 | 2017-12-31 |
| DUTTON, Andrew | Director | 2010-03-12 | 2013-04-23 |
| GEORGE, John Maxwell | Director | 1992-11-06 | 2000-01-02 |
| GREGORY, Matthew | Director | 2022-09-19 | 2026-05-05 |
| GUSTAR, Christopher Clark | Director | — | 2002-07-01 |
| HACHE, Michelle Anne | Director | 2016-03-10 | 2020-03-10 |
| HALL, William Lascelles | Director | — | 1992-09-14 |
| HEWGILL, Alastair | Director | 1998-09-01 | 2001-03-19 |
| HINTON, Bernard Graham | Director | 1992-11-16 | 1997-12-31 |
| HOY, William James | Director | 2016-05-02 | 2020-03-30 |
| JONES, Paul Robert, Mr. | Director | 2013-04-23 | 2016-03-10 |
| KEATING, Cornelius Joseph | Director | 2003-01-01 | 2004-06-30 |
| KEELING, Anna | Director | 2015-09-03 | 2018-09-26 |
| LOGSDAIL, William David | Director | 2020-03-23 | 2020-10-21 |
| MCMANUS, Neil James | Director | 2014-01-21 | 2016-12-31 |
| MORGAN, Geoffrey Damien | Director | 2018-07-04 | 2024-03-07 |
| OLDFIELD, Richard Mark | Director | 2011-11-25 | 2014-12-31 |
| PEAKE, Ernest | Director | 2005-04-11 | 2015-10-01 |
| PITMAN, Gordon Rankin | Director | 2016-06-06 | 2020-10-16 |
| PRAGG, Neil Michael | Director | 2018-03-13 | 2020-03-27 |
| RICHARDS, Matthew John | Director | 2018-07-04 | 2024-03-07 |
| RIMINGTON, David Blackett | Director | — | 1994-05-31 |
| ROBINSON, David | Director | 2018-03-01 | 2020-03-10 |
| ROUY-POIRIER, Gwenael | Director | 2021-06-11 | 2022-10-01 |
| RUSHTON, Clive | Director | 1994-08-15 | 1998-09-01 |
| RUSSELL, Craig | Director | 2020-03-23 | 2020-10-20 |
| SMITH, Kevin | Director | 2000-07-13 | 2003-01-01 |
| SMYTH, Julie | Director | 2022-09-19 | 2023-07-26 |
| SOEN, Robert Murray | Director | 2010-07-07 | 2017-08-31 |
| SWASH, Philip Antony | Director | 2009-06-01 | 2014-01-13 |
| WATERS, Nicholas Anthony John | Director | 2009-10-05 | 2016-05-02 |
| WESSON, Gavin | Director | 2015-10-01 | 2021-08-25 |
| WINTER, Frank | Director | — | 1994-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Westland Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 316 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | CH01 | officers | Change person director company with change date | |
| 2025-04-14 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-26 | CH01 | officers | Change person director company with change date | |
| 2023-11-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
-1.1%
£717,575,000 £709,716,000
-
Cash
-83.9%
£8,031,000 £1,296,000
-
Net assets
+14.6%
£712,154,000 £816,090,000
-
Employees
-5%
3,637 3,456
-
Operating profit
+6,327.8%
£766,000 £49,237,000
-
Profit before tax
-23.4%
£145,530,000 £111,516,000
-
Wages
-2.7%
£177,898,000 £173,120,000
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