THE ROYAL AIR FORCE CHARITABLE TRUST ENTERPRISES
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-09-30
Confirmation statement due
2027-03-14 (in 10mo)
Last made up 2026-02-28
Watchouts
None on the register
Cash
£3M
-18.5% vs 2023
Net assets
£2M
-1.1% vs 2023
Employees
53
+20.5% vs 2023
Profit before tax
£3M
+17.6% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Turnover | £15,018,880 | £17,628,300 | |
| Operating profit | £2,090,414 | £2,316,387 | |
| Profit before tax | £2,140,454 | £2,517,901 | |
| Net profit | £2,203,833 | £2,517,901 | |
| Cash | £3,542,396 | £2,885,869 | |
| Total assets less current liabilities | £2,561,753 | £1,927,987 | |
| Net assets | £1,949,753 | £1,927,987 | |
| Equity | £1,949,753 | £1,927,987 | |
| Average employees | 44 | 53 | |
| Wages | £2,143,062 | £2,399,477 |
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 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|
| Operating margin | 13.9% | 13.1% | |
| Net margin | 14.7% | 14.3% | |
| Return on capital employed | 81.6% | 120.1% | |
| Current ratio | 1.17x | 1.07x | |
| Interest cover | 30.32x | 266.68x |
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
“The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future: They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.”
Significant events
- “In 2024, RIAT drew 168,000 aviation enthusiasts to the scenic RAF Fairford, showcasing a remarkable array of 248 aircraft from 29 distinct nations.”
- “This year also marked the remarkable expansion of the Techno Zone and the Inspire Stage to their most prominent formats, creating a lively hub of activity and engagement...”
- “RIAT25 will be my last show as Chief Executive Officer... our current Finance Director, Gavin Gager, will be my successor and will step into the role later this year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GAGER, Gavin | Secretary | 2022-10-20 | — | — |
| BASNETT, Colin | Director | 2013-09-05 | Jun 1961 | British |
| BUTLER, Jane | Director | 2023-02-01 | Jan 1962 | British |
| GAGER, Gavin | Director | 2021-06-01 | Oct 1983 | British |
| KIMBLE, Simon | Director | 2023-06-07 | Jun 1963 | British |
| MCKINLEY, Katherine | Director | 2019-10-01 | Apr 1977 | British |
| OLDFIELD, Stephen Mark | Director | 2021-09-16 | Dec 1961 | British |
| ROGERS, Caroline | Director | 2005-01-26 | Jan 1962 | British |
| WELLMAN, Emma Jane | Director | 2024-09-11 | Jul 1969 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLETCHER, Philip John | Secretary | — | 1992-01-20 |
| HARRIS, Gordon | Secretary | 1996-03-18 | 2007-12-13 |
| HUBBER, Susan Jane | Secretary | 1992-01-20 | 1995-09-29 |
| MURRAY, Christopher Andrew, Mr. | Secretary | 2007-12-14 | 2022-10-20 |
| PRINCE, Timothy George Alexander | Secretary | 1995-10-27 | 1996-03-18 |
| ARMSTRONG, Stephen Andrew | Director | 2014-05-06 | 2019-09-28 |
| ATHERTON, Paul Ashley | Director | 2019-09-02 | 2025-08-31 |
| BAILEY, David Arthur Frank, Wing Commander | Director | 1994-11-09 | 1998-08-28 |
| BELL, Christopher, Mr. | Director | 2017-03-29 | 2023-01-05 |
| BELLAMY, Shane Keith | Director | 2018-01-25 | 2018-10-11 |
| BOHM, Ernest Baillie | Director | 1998-09-01 | 2005-01-26 |
| BOWEN, Paul Anthony | Director | 1993-04-19 | 2004-05-18 |
| BYWATER, David Llewellyn | Director | 2005-04-28 | 2014-12-18 |
| CONNELL, John Anthony, Wing Commander | Director | — | 1994-11-09 |
| COUSINS, David, Air Chief Marshal Sir | Director | 1998-10-12 | 2005-01-26 |
| CRAWLEY, Frederick William | Director | 2005-01-31 | 2010-11-25 |
| CRAWLEY, Frederick William | Director | — | 2004-01-28 |
| GLOVER, William James, Dr | Director | 2010-06-17 | 2018-01-01 |
| GUNYON, Steven Leslie | Director | 2013-09-05 | 2021-01-05 |
| HARRIS, Gordon | Director | 2004-08-02 | 2007-12-13 |
| HIGHAM, David John | Director | 2005-01-26 | 2013-05-31 |
| HOYLE, Russell Blackburn | Director | 2018-01-25 | 2023-07-26 |
| HURRELL, Frederick Charles, Air Vice Marshal | Director | — | 1995-08-01 |
| KENNEDY, Thomas Lawrie, Air Chief Marshall Sir | Director | — | 1993-10-05 |
| LINDSELL, Stuart | Director | 2018-05-17 | 2023-02-01 |
| MURRAY, Christopher Andrew | Director | 2009-03-01 | 2018-11-10 |
| PALIN, Roger Hewlitt, Air Chief Marshal Sir | Director | 1993-10-18 | 1998-10-09 |
| PRINCE, Timothy George Alexander | Director | 1993-04-19 | 2014-07-14 |
| REINECK, Colin Hutton, Air Commondore | Director | 1995-08-01 | 1999-07-31 |
| SAYER, Paul | Director | 2023-02-01 | 2024-12-31 |
| SMITH, Alan Frank | Director | 2005-01-31 | 2023-07-26 |
| SMITH, Alan Frank | Director | 1997-06-19 | 2004-02-11 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 193 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | AA01 | accounts | Change account reference date company current extended | |
| 2025-06-25 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | AA | accounts | Accounts with accounts type full | |
| 2023-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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 2024-09-30 vs 2023-09-30
-
Turnover
+17.4%
£15,018,880 £17,628,300
-
Cash
-18.5%
£3,542,396 £2,885,869
-
Net assets
-1.1%
£1,949,753 £1,927,987
-
Employees
+20.5%
44 53
-
Operating profit
+10.8%
£2,090,414 £2,316,387
-
Profit before tax
+17.6%
£2,140,454 £2,517,901
-
Wages
+12%
£2,143,062 £2,399,477
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