AERCO LIMITED

1. AERCO LIMITED 1998-11-25 → present
2. AVIATION ELECTRICAL AND RADIO COMPANY LIMITED 1956-09-28 → 1998-11-25

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company's principal risks and uncertainties, the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “The company achieved a reasonable 10% growth in sales compared with the previous year. Order input was strong and the company finished the year with an open order book of nearly £13m (25% higher), providing a strong foundation for the coming year's trading. Orders received from Mainland Europe grew by 33% and totalled 16% of the year's total.”
• “The company gained a further three franchised supplier business partners during the year, providing good resilience to market changes.”
• “Each of the markets in which we operate are enjoying steady business conditions following the reduction in inflation within the general economy.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +10.3%

  £16,731,594 → £18,463,294

• Cash

  -53.2%

  £150,229 → £70,244

• Net assets

  +1.3%

  £3,501,354 → £3,545,280

• Employees

  +10.5%

  57 → 63

• Operating profit

  +9.3%

  £834,000 → £911,751

• Profit before tax

  +10.4%

  £810,948 → £895,374

• Wages

  +9.6%

  £2,057,650 → £2,255,533

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers