AVIATION & DEFENCE SPARES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
£544K
-20.3% vs 2023
Net assets
£8M
+16.5% vs 2023
Employees
18
+5.9% vs 2023
Profit before tax
£4M
+0.8% vs 2023
Name history
Renamed 1 time since incorporation
- AVIATION & DEFENCE SPARES LIMITED 2008-12-28 → present
- AVIATION DEFENCE AND MARINE SPARES LIMITED 1990-02-15 → 2008-12-28
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 | £25,491,716 | £23,299,584 | |
| Operating profit | £3,755,407 | £3,761,792 | |
| Profit before tax | £3,658,653 | £3,686,719 | |
| Net profit | £2,780,579 | £2,758,487 | |
| Cash | £682,747 | £544,367 | |
| Total assets less current liabilities | £7,250,036 | £8,443,723 | |
| Net assets | £7,230,236 | £8,426,223 | |
| Equity | £7,230,236 | £8,426,223 | |
| Average employees | 17 | 18 | |
| Wages | £864,499 | £1,024,321 |
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 | 14.7% | 16.1% | |
| Net margin | 10.9% | 11.8% | |
| Return on capital employed | 51.8% | 44.6% | |
| Current ratio | 2.18x | 3.23x | |
| Interest cover | 38.81x | 50.11x |
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
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared extended financial forecasts for ADS Ltd through to March 2026, which incorporate current trading performance, the confirmed order book, and anticipated sales pipeline. Based on this assessment, turnover for the year ending December 2025 is expected to remain broadly in line with FY24, primarily driven by sustained revenue from our operations in the USA and India.”
Significant events
- “While revenue declined to £23.3 million due to manufacturing delays and associated supply chain disruptions, the company achieved a significant improvement in profitability. Gross profit margin increased to 24%, resulting in a higher net profit compared to the previous year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Stephen | Director | 2020-10-01 | Mar 1982 | British |
| BRYANT, Dominic | Director | 2025-10-01 | Jan 1977 | British |
| GORDON, James Nicholas Molyneux | Director | 2005-02-25 | Dec 1975 | British |
| GORDON, Matthew Charles | Director | 2012-02-28 | Jan 1973 | English |
| PRCHAL, Jakub | Director | 2021-05-01 | Dec 1986 | Czech |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GORDON, Jennifer Ann | Secretary | 1997-05-01 | 2021-05-01 |
| MONDS, Edward Brooks Beatty | Secretary | — | 1997-04-30 |
| ADAMS, Barry Julian | Director | — | 1997-04-30 |
| GORDON, Jennifer Ann | Director | 2005-11-02 | 2021-02-26 |
| GORDON, Nicholas Peter | Director | 1992-08-28 | 2021-02-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aviation & Defence Spares Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-09-17 | Active |
| James Nicholas Molyneux Gordon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-09-17 |
| Mr Matthew Charles Gordon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-09-17 |
| Mr Nicholas Peter Gordon | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-02-25 |
Filing timeline
Last 20 of 143 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-19 | CH01 | officers | Change person director company with change date | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | CH01 | officers | Change person director company with change date | |
| 2025-08-21 | CH01 | officers | Change person director company with change date | |
| 2025-06-18 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-29 | CH01 | officers | Change person director company with change date | |
| 2024-09-25 | CH01 | officers | Change person director company with change date | |
| 2024-09-25 | CH01 | officers | Change person director company with change date | |
| 2024-05-16 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | CH01 | officers | Change person director company with change date | |
| 2023-05-27 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | CH01 | officers | Change person director company with change date | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-24 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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
-
Turnover
-8.6%
£25,491,716 £23,299,584
-
Cash
-20.3%
£682,747 £544,367
-
Net assets
+16.5%
£7,230,236 £8,426,223
-
Employees
+5.9%
17 18
-
Operating profit
+0.2%
£3,755,407 £3,761,792
-
Profit before tax
+0.8%
£3,658,653 £3,686,719
-
Wages
+18.5%
£864,499 £1,024,321
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