MARTIN-BAKER AIRCRAFT COMPANY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-14 (in 1y)
Last made up 2026-04-30
Watchouts
None on the register
Cash
£18M
+111.6% vs 2024
Net assets
£343M
+11.5% vs 2024
Employees
1,213
+6.4% vs 2024
Profit before tax
£89M
+3.9% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £324,485,000 | £382,731,000 | |
| Operating profit | £85,315,000 | £86,703,000 | |
| Profit before tax | £86,108,000 | £89,442,000 | |
| Net profit | £66,029,000 | £63,997,000 | |
| Cash | £8,468,000 | £17,915,000 | |
| Total assets less current liabilities | £310,967,000 | £348,026,000 | |
| Net assets | £307,992,000 | £343,273,000 | |
| Equity | £307,992,000 | £343,273,000 | |
| Average employees | 1,140 | 1,213 | |
| Wages | £56,983,000 | £63,033,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 26.3% | 22.7% | |
| Net margin | 20.3% | 16.7% | |
| Return on capital employed | 27.4% | 24.9% | |
| Gearing (liabilities / total assets) | 12.9% | 14.7% | |
| Current ratio | 7.57x | 6.58x | |
| Interest cover | 253.16x | 261.94x |
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
“After making enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. This takes into account review of the liquidity of the Company and the Company's forecasts and projections, including closing order book.”
Group structure
- MARTIN-BAKER AIRCRAFT COMPANY LIMITED · parent
- J. Martin Armaments Limited 100%
- Hydramec Limited 100%
Significant events
- “At 31 March 2025, the Company had contingent liabilities relating to performance guarantees totalling £ 20,060,000 (2024: £19,761,000).”
- “Inventory levels have increased significantly due to the Company's inventory management strategy to mitigate supply constraints in order to meet the demands of a large future order book and as a consequence of production constraints.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARTIN, Andrew James | Director | 2013-05-01 | Apr 1973 | British |
| MARTIN, James William | Director | — | Nov 1942 | British |
| MARTIN, John Stephen | Director | — | Nov 1942 | British |
| MARTIN, Robert John | Director | 2001-12-10 | Sep 1969 | British |
| MORGAN, Robert Keith | Director | 2017-05-09 | Aug 1975 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BADMAN, Paul Woodland | Secretary | — | 2018-01-15 |
| HENDERSON DEEVES, William John | Secretary | 2018-01-15 | 2020-06-30 |
| BURRELL, Denis James | Director | — | 2004-03-31 |
| HESS, Anne Caroline | Director | — | 1993-04-26 |
| HOLT, Richard Martin | Director | 1993-04-05 | 1996-02-29 |
| LIVESEY, Jane Elizabeth | Director | — | 1993-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Killinchy Aerospace Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-20 | AA | accounts | Accounts with accounts type full | |
| 2023-05-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-13 | AA | accounts | Accounts with accounts type full | |
| 2022-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-13 | AA | accounts | Accounts with accounts type full | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-16 | AA | accounts | Accounts with accounts type full | |
| 2020-07-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-07-03 | CH01 | officers | Change person director company with change date | |
| 2020-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-18 | AA | accounts | Accounts with accounts type full | |
| 2019-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-12-21 | AA | accounts | Accounts with accounts type full | |
| 2018-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-01-15 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+18%
£324,485,000 £382,731,000
-
Cash
+111.6%
£8,468,000 £17,915,000
-
Net assets
+11.5%
£307,992,000 £343,273,000
-
Employees
+6.4%
1,140 1,213
-
Operating profit
+1.6%
£85,315,000 £86,703,000
-
Profit before tax
+3.9%
£86,108,000 £89,442,000
-
Wages
+10.6%
£56,983,000 £63,033,000
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