FR AVIATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-04 (in 2mo)
Last made up 2025-06-20
Watchouts
None on the register
Cash
£56M
-19.5% vs 2023
Net assets
£64M
+34.8% vs 2023
Employees
567
+14.1% vs 2023
Profit before tax
£21M
+432.5% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £86,559,000 | £131,707,000 | |
| Operating profit | -£6,063,000 | £18,649,000 | |
| Profit before tax | -£6,371,000 | £21,181,000 | |
| Net profit | -£8,105,000 | £16,537,000 | |
| Cash | £70,205,000 | £56,483,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £47,556,000 | £64,104,000 | |
| Equity | £47,556,000 | £64,104,000 | |
| Average employees | 497 | 567 | |
| Wages | £30,247,000 | £38,115,000 |
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 | -7.0% | 14.2% | |
| Net margin | -9.4% | 12.6% | |
| Current ratio | 2.09x | 2.08x | |
| Interest cover | -14.54x | 47.82x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- FR AVIATION LIMITED · parent
- FR Aviation Services Limited 100%
- Draken Leasing Limited 100%
- FB Heliservices Limited 100%
- FB Leasing Limited 100%
- Draken Helicopters Cyprus Limited 100%
- FB Heliservices Curacao N.V 100%
- Cobham Helicopter Services Trinidad Limited 100%
- FB Heliservices B.V 100%
Significant events
- “In December 2023, the Company signed a three-year contract (37 months) to deliver operational readiness training to an international Air Force customer. Training services on this contract commenced in February 2024.”
- “In March 2024, following a competitive procurement process, the Company secured a new seven-year contract providing operational services, with services commencing in July 2024.”
- “In December 2024, the Company signed a four-year contract to continue the delivery of operational readiness training for the UK Government. This contract commenced on 1 January 2025, following the completion of its predecessor contract on 31 December 2024.”
- “In December 2024, the three one-year options on one of the Group's operational readiness training contracts were exercised, extending the contract term to January 2029.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Nicolas Charles | Director | 2023-12-11 | May 1968 | British |
| HARRISON, Sarah Jane | Director | 2020-10-16 | Jun 1981 | British |
| STOATE, Richard Duncan | Director | 2019-01-10 | Jun 1963 | British |
| TATE, Simon | Director | 2025-01-14 | Jan 1964 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Paul | Secretary | 2012-07-09 | 2017-04-07 |
| HARRISON, David Robert | Secretary | 2006-08-01 | 2011-05-18 |
| HELLYAR, Stuart | Secretary | 2017-04-07 | 2017-08-04 |
| HUDSON, Jonathan Morris | Secretary | 2011-06-20 | 2012-07-09 |
| PARRY, Michael David | Secretary | 2018-08-06 | 2020-03-31 |
| RICHARDSON, Peter | Secretary | 2002-10-21 | 2006-08-01 |
| RICHARDSON, Peter | Secretary | — | 1997-10-20 |
| WALLIS, Blair | Secretary | 1997-10-20 | 2002-10-21 |
| YOUNG, Philip | Secretary | 2017-08-04 | 2018-08-06 |
| ARMSTRONG, Paul Anthony | Director | 2018-04-27 | 2023-10-31 |
| ARMSTRONG, Paul Anthony | Director | 2012-02-21 | 2017-04-07 |
| BLAKELEY, John | Director | — | 1993-11-30 |
| CHAPMAN, James | Director | 2003-04-11 | 2008-12-31 |
| COBHAM, Michael John, Sir | Director | — | 1995-08-07 |
| COGAN, Michael Eugene | Director | 1996-03-18 | 2004-10-25 |
| DANNING, John | Director | 2001-10-15 | 2009-10-08 |
| FITZ-GERALD, Stephen John | Director | 2001-12-03 | 2010-12-31 |
| FLETCHER, Richard William John | Director | 1999-10-04 | 2002-10-21 |
| FREEMAN, Claud John | Director | 2004-10-25 | 2005-12-01 |
| GRANGER, Christopher Paul | Director | 2005-12-21 | 2006-07-31 |
| HANNAM, Alexander John | Director | 2002-07-29 | 2005-12-21 |
| HARRISON, David Robert | Director | 2005-12-21 | 2011-05-18 |
| HELLYAR, Stuart | Director | 2017-04-07 | 2017-08-04 |
| HUGHES, Charles Anthony | Director | 2009-04-15 | 2011-05-17 |
| IRWIN, Alastair Giles | Director | — | 2002-07-01 |
| JONES, Colin Frederick Joseph | Director | — | 1997-06-30 |
| LEAKER, Michael Andrew | Director | 1992-01-01 | 1997-12-31 |
| LEWIS, Dennis Edward | Director | — | 1996-02-26 |
| LORD HOUGHTON OF RICHMOND, . | Director | 2020-10-16 | 2021-09-01 |
| MORGAN, David Eden | Director | — | 1998-06-30 |
| MYERS, John Richard, Captain | Director | 1992-01-01 | 2002-01-17 |
| NOTTAGE, Peter Wayne | Director | 2011-06-20 | 2011-06-20 |
| NOTTAGE, Peter Wayne | Director | 2011-06-20 | 2018-04-27 |
| PAGE, Gordon Francis De Courcy | Director | 1993-02-21 | 2002-07-01 |
| PARRY, Michael David | Director | 2018-05-21 | 2020-03-31 |
| PARTRIDGE, Simon James | Director | 2023-10-31 | 2025-01-14 |
| PENDLE, Rob | Director | 2013-12-16 | 2014-07-25 |
| RHODES, Richard Holgate Needham | Director | — | 2001-09-30 |
| RICHARDSON, Peter | Director | — | 2005-12-21 |
| ROE, Geoffrey Eric | Director | 1997-07-28 | 2002-06-30 |
| TAYLOR, Desmond Thomas | Director | 1999-12-01 | 2012-02-21 |
| WALLIS, Blair | Director | 1996-01-01 | 2002-10-21 |
| YOUNG, Philip | Director | 2017-08-04 | 2018-08-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Draken Uk Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-14 | Active |
| Fr Aviation Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-10-14 |
Filing timeline
Last 20 of 253 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-09 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-01-10 | SH20 | capital | Legacy | |
| 2023-01-10 | CAP-SS | insolvency | Legacy | |
| 2023-01-10 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+52.2%
£86,559,000 £131,707,000
-
Cash
-19.5%
£70,205,000 £56,483,000
-
Net assets
+34.8%
£47,556,000 £64,104,000
-
Employees
+14.1%
497 567
-
Operating profit
+407.6%
-£6,063,000 £18,649,000
-
Profit before tax
+432.5%
-£6,371,000 £21,181,000
-
Wages
+26%
£30,247,000 £38,115,000
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