VSE AVIATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
Cash
£1M
Latest balance sheet
Net assets
£12M
Equity attributable
Employees
13
Average over period
Profit before tax
£3M
Period ending 2024-12-31
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.
Name history
Renamed 1 time since incorporation
- VSE AVIATION LIMITED 2024-09-05 → present
- WATTS AVIATION SERVICES LIMITED 1965-12-17 → 2024-09-05
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 | £18,781,613 | £15,307,846 | |
| Operating profit | £5,094,852 | £2,453,245 | |
| Profit before tax | £5,303,098 | £2,691,332 | |
| Net profit | £4,109,780 | £2,024,340 | |
| Cash | £2,177,062 | £1,241,209 | |
| Total assets less current liabilities | £14,080,585 | £12,275,410 | |
| Net assets | £14,074,283 | £12,275,410 | |
| Equity | £14,074,283 | £12,275,410 | |
| Average employees | 13 | 13 | |
| Wages | £1,365,331 | £718,018 |
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 | 27.1% | 16.0% | |
| Net margin | 21.9% | 13.2% | |
| Return on capital employed | 36.2% | 20.0% | |
| Current ratio | 7.39x | 5.26x | |
| Interest cover | 678.68x | — |
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
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Following the balance sheet date, the Company was party to a group restructure whereby the investment held by the immediate parent undertaking, Sabrinae Limited, was transferred into Watts Desser Limited. The immediate subsidiary undertaking was subsequently dissolved. From 17 June 2025, the immediate parent undertaking became Watts Desser Limited, a company incorporated and registered in England and Wales.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HACK, Simon Christopher | Secretary | 2001-11-02 | — | British |
| COHN, Adam Robert, Mr. | Director | 2024-09-03 | Mar 1986 | American |
| CUOMO, John A. | Director | 2023-07-03 | Feb 1974 | American |
| HACK, Simon Christopher | Director | 1998-07-20 | Mar 1970 | British |
| THOMAS, Benjamin E. | Director | 2023-07-03 | May 1983 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUINN, Geoffrey Peter | Secretary | — | 2001-11-02 |
| GRIFFIN, Stephen D. | Director | 2023-07-03 | 2024-05-29 |
| HEINMILLER, Joseph C | Director | 2015-03-17 | 2022-06-29 |
| LAWLER, Christopher A | Director | 2015-03-17 | 2022-06-29 |
| MITCHELL, Michael Ronald | Director | — | 1995-04-24 |
| PEARSON, Douglas | Director | — | 2001-11-02 |
| QUINN, Geoffrey Peter | Director | — | 2001-09-03 |
| SNOWDEN, Trevor David | Director | 1994-12-05 | 2015-03-17 |
| STEWART, Michael Ernest Tremblay | Director | 2022-06-29 | 2023-07-03 |
| TOVEY, Robert Frederick | Director | — | 1998-10-31 |
| WATTS, Cecil Hugh Baber | Director | — | 1996-07-09 |
| WILSON, Joshua Matthew | Director | 2022-06-29 | 2023-07-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Watts Desser Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-31 | Active |
| Sabrinae Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2025-03-31 |
| Mr Steven Graham | Individual | Voting 50–75% | 2016-04-06 | Ceased 2017-09-20 |
Filing timeline
Last 20 of 144 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-05 CERTNM Certificate change of name company PDF
- 2023-08-10 RESOLUTIONS Resolution
- 2023-07-31 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-09 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-01-02 | AA | accounts | Accounts with accounts type full | |
| 2025-11-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-30 | CH03 | officers | Change person secretary company with change date | |
| 2024-01-30 | CH01 | officers | Change person director company with change date | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-10 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-31 | MA | incorporation | Memorandum articles | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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