IRVINGQ LIMITED

1. IRVINGQ LIMITED 2018-06-12 → present
2. AIRBORNE SYSTEMS LIMITED 2003-04-13 → 2018-06-12
3. IRVIN-GQ LIMITED 2001-09-05 → 2003-04-13
4. AIRBORNE LOGISTICS LIMITED 1990-12-21 → 2001-09-05
5. INGLEBY (506) LIMITED 1990-07-20 → 1990-12-21

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As noted in the KPIs, the company continues to trade profitably. Management's outlook for the remainder of 2025 and beyond is that the business will continue to grow organically due to demand for our highly innovative proprietary products. The Order Intake grew by 3% from 2023 to 2024 and by a further 45% from 2024 to 2025, resulting in a compound growth over 2 years of approximately 22%. The company has sufficient funds in order for it to meet its obligations, given its ultimate parent company, TransDigm Group, Inc. has provided a letter of support for a period of 12 months from the signing of the 2024 financial statements. Consequently, the financial statements have been prepared on a going concern basis, which the directors believe to be appropriate.”

Group structure

1. IRVINGQ LIMITED · parent
   1. Airborne Systems Pension Trust Limited 100% · UK · Dormant
   2. Aircraft Materials Limited 100% · UK · Dormant
   3. Edlaw Limited 100% · UK · Investments
   4. Irvin Aerospace Limited 100% · UK · Dormant
   5. IrvinGQ France 99.98% · France · Parachutes and aerial delivery solutions

Significant events

• “On the 7 February 2025 Edlaw Limited, a subsidiary of IrvinGQ Limited, was dissolved through a voluntary liquidation process. The principal activity of the company was intercompany financing to group undertakings. As part of a Legal Entity Rationalisation programme undertaken by the company's ultimate parent, TransDigm Group Inc., to reduce the number of both trading and non-trading entities, the company has since been liquidated.”
• “On the 23 October 2025, the Board approved an interim dividend of £27,000,000 payable to the Company's immediate parent undertaking, TransDigm European Holdings Limited. At the date of approval, the Company had sufficient distributable reserves and the directors confirmed that the payment would not affect the Company's solvency. As the dividend was approved after the reporting date, it is treated as a non-adjusting post balance sheet event, and no liability has been recognised in these financial statements.”

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

Filings

5

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

  +13%

  £41,990,000 → £47,450,000

• Cash

  -20.7%

  £8,992,000 → £7,134,000

• Net assets

  +0.1%

  £154,427,000 → £154,606,000

• Employees

  +2%

  256 → 261

• Operating profit

  -55%

  £18,215,000 → £8,198,000

• Profit before tax

  -43.4%

  £23,133,000 → £13,087,000

• Wages

  +6%

  £9,664,000 → £10,241,000

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