HS MARSTON AEROSPACE LIMITED

1. HS MARSTON AEROSPACE LIMITED 1999-03-24 → present
2. BRITISH ELEVATORS LIMITED 1991-08-22 → 1999-03-24
3. GLOWEASY LIMITED 1991-03-08 → 1991-08-22

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has received a letter of support from RTX Corporation and, therefore, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. HS MARSTON AEROSPACE LIMITED · parent
   1. Montauk (UK) Investment Holdings Limited 100% · Scotland · Investment holding company
   2. Farmington (UK) Investments LP 100% · Scotland · Acquiring and holding interest loans

Significant events

• “The growth in the company's performance within the year is as a result of an increase in air travel to historic levels. This has improved the requirement for aftermarket spares which has increased by 100% year on year. In addition, following the Russia invasion of Ukraine, RTX Corporation have withdrawn from a joint venture company based in Russia manufacturing heat exchangers. Consequently, the manufacture of these parts was transferred to HS Marston which has resulted in investments in new equipment and recruitment of skilled personnel.”
• “The company does not trade or hold assets in Russia, Belarus or Ukraine and therefore is not directly affected. However, the economic knock-on effects of sanctions and the Black Sea blockade will inevitably have short to long term effects as we have seen the ramifications in increased energy prices, jump in inflation and interest rates.”
• “The directors expect to see continued growth and development under RTX Corporation due to benefits derived from economies of scale.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +26.5%

  £90,287,000 → £114,229,000

• Cash

  —

  Not reported

• Net assets

  +26.8%

  £93,618,000 → £118,675,000

• Employees

  +20.6%

  417 → 503

• Operating profit

  +409.3%

  £2,144,000 → £10,919,000

• Profit before tax

  +147%

  £5,183,000 → £12,800,000

• Wages

  +27%

  £18,935,000 → £24,038,000

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