VECTAIR SYSTEMS LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-05-20 (in 1y)
Last made up 2026-05-06
Watchouts
Cash
£2M
+10% highest in 4 filed years
Net assets
£10M
+29.8% highest in 4 filed years
Employees
42
+5% vs 2023
Profit before tax
£2M
+24.8% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- VECTAIR SYSTEMS LIMITED 1988-05-04 → present
- LUSTRE LIMITED 1988-04-19 → 1988-05-04
Net assets
8-year trend · vs Consumer Discretionary median
Accounts
8-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £8,810,035 | — | £12,500,771 | — | £13,729,772 | £15,361,257 | |
| Operating profit | — | — | £788,830 | — | £381,833 | — | £1,857,674 | £2,199,453 | |
| Profit before tax | — | — | £755,604 | — | £305,204 | — | £1,752,992 | £2,188,036 | |
| Net profit | — | — | £734,781 | — | -£135,326 | — | £1,451,925 | £2,270,637 | |
| Cash | — | — | £333,642 | — | £920,788 | — | £1,809,102 | £1,989,699 | |
| Total assets less current liabilities | — | — | £8,123,543 | — | £7,926,606 | — | £7,902,531 | £10,206,141 | |
| Net assets | — | — | £7,805,093 | — | £7,669,767 | — | £7,621,692 | £9,892,329 | |
| Equity | £6,906,232 | £7,070,312 | £7,805,093 | £7,805,093 | £7,669,767 | £7,669,767 | £7,621,692 | £9,892,329 | |
| Average employees | — | — | 42 | — | 38 | — | 40 | 42 | |
| Wages | — | — | £1,857,999 | — | £1,923,712 | — | £1,967,384 | £2,242,936 |
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 | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 9.0% | — | 3.1% | — | 13.5% | 14.3% | |
| Net margin | — | — | 8.3% | — | -1.1% | — | 10.6% | 14.8% | |
| Return on capital employed | — | — | 9.7% | — | 4.8% | — | 23.5% | 21.6% | |
| Current ratio | — | — | — | — | — | — | 3.22x | 5.12x | |
| Interest cover | — | — | 23.74x | — | 4.98x | — | 17.73x | 117.30x |
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
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments, given the measures that can be undertaken to mitigate the current adverse conditions, and the current resources available, the directors are satisfied that the Company is able to meet its obligations and continue in operational existence for at least twelve months from the date of the approval of financial statements. For this reason, the directors have adopted the going concern basis in preparing these financial statements.”
Group structure
- VECTAIR SYSTEMS LIMITED · parent
- Vectair Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Colin | Secretary | 2006-01-13 | — | British |
| DAVIES, Colin | Director | 2006-01-13 | Jan 1964 | British |
| HJELSETH, Nathan | Director | 2025-12-04 | Aug 1974 | American |
| LIPKE, Peter | Director | 2025-12-04 | Jul 1961 | American |
| OVENDEN, Justin | Director | 2020-12-23 | Jun 1964 | British |
| WAKEFIELD, Christopher | Director | 2025-12-04 | Apr 1975 | English |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HORNBY, Peter Michael | Secretary | — | 2006-01-13 |
| ALLEN, John Neil | Director | — | 2006-01-13 |
| CLARKE, Alexander Kevin | Director | — | 2006-01-13 |
| COULTER, Andrew | Director | 2020-11-27 | 2025-12-04 |
| HORNBY, Peter Michael | Director | — | 2006-01-13 |
| JOHNSON, Keith Philip | Director | 2018-04-03 | 2020-11-27 |
| LAMB, Jordan | Director | 2020-11-27 | 2025-12-04 |
| MARTIN, Richard Michael | Director | 2006-01-13 | 2020-11-27 |
| OVENDEN, Justin | Director | 1997-08-01 | 2020-11-27 |
| WONNACOTT, Paul | Director | — | 2025-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vectair Acquistion Holdings, Llc | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-11-27 | Ceased 2026-04-28 |
| Vectair Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-11-27 |
Filing timeline
Last 20 of 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-06 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-01-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-27 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-29 | AA | accounts | Accounts with accounts type full | |
| 2021-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-22 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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 2024-10-31 vs 2023-10-31
-
Turnover
+11.9%
£13,729,772 £15,361,257
highest in 4 filed years
-
Cash
+10%
£1,809,102 £1,989,699
highest in 4 filed years
-
Net assets
+29.8%
£7,621,692 £9,892,329
highest in 4 filed years
-
Employees
+5%
40 42
-
Operating profit
+18.4%
£1,857,674 £2,199,453
highest in 4 filed years
-
Profit before tax
+24.8%
£1,752,992 £2,188,036
highest in 4 filed years
-
Wages
+14%
£1,967,384 £2,242,936
highest in 4 filed years
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