ADAMS AVIATION SUPPLY COMPANY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director's belief that the company can continue as a going concern for at least 12 months from the financial statement's authorisation date, supported by cash flow forecasts, a review of risks, consideration of the available financial facilities and the group support letter.”

Significant events

• “On 1 June 2023, Incora's predecessor (Wesco Aircraft Holdings Inc.) and forty-three of its subsidiaries and affiliates (collectively, the "Debtors"), including all UK group companies, filed voluntary petitions for relief under title 11 of the U.S. Code (the "Bankruptcy Code") in Case No. 23-90611 before the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). The Debtors proposed a plan of reorganisation (the "Chapter 11 Plan"), which was accepted by the requisite majorities of creditors and was confirmed (approved) by the Bankruptcy Court on 27 December 2024. The Debtors implemented the Chapter 11 Plan on January 31, 2025, thereby emerging from U.S. bankruptcy oversight with a stable and de-leveraged capital structure.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -5%

  £27,149,000 → £25,804,000

• Cash

  +82.9%

  £1,781,000 → £3,257,000

• Net assets

  +4.7%

  £9,296,000 → £9,732,000

• Employees

  -2.1%

  48 → 47

• Operating profit

  +165.4%

  £162,000 → £430,000

• Profit before tax

  +166.3%

  £166,000 → £442,000

• Wages

  -3.8%

  £1,930,000 → £1,856,000

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