AIR BEARINGS LIMITED
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Next accounts due
2026-12-29 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-23 (in 9mo)
Last made up 2026-02-09
Watchouts
Cash
£526K
+32.7% vs 2024
Net assets
£13M
-7.8% vs 2024
Employees
90
-9.1% vs 2024
Profit before tax
-£982K
-186.7% lowest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- AIR BEARINGS LIMITED 1994-11-24 → present
- PRECISE AIR BEARINGS LTD. 1993-02-09 → 1994-11-24
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £4,921,908 | — | £6,111,713 | — | £10,679,936 | — | £16,320,340 | — | £13,410,247 | £9,422,017 | |
| Operating profit | -£463,576 | — | £255,375 | — | £1,688,553 | — | £3,183,392 | — | £1,107,739 | -£996,674 | |
| Profit before tax | -£424,306 | — | £293,969 | — | £1,718,358 | — | £3,204,315 | — | £1,132,871 | -£982,070 | |
| Net profit | -£463,587 | — | £246,137 | — | £2,181,477 | — | £3,854,875 | — | -£324,899 | -£1,068,178 | |
| Cash | £412,289 | £412,289 | £504,758 | £504,758 | £333,810 | £342,100 | £1,000,810 | £1,000,810 | £396,667 | £526,350 | |
| Total assets less current liabilities | £8,323,897 | — | £8,617,170 | — | £10,761,288 | — | £14,640,061 | — | £14,270,757 | £13,162,737 | |
| Net assets | £8,323,897 | — | £8,579,170 | — | £10,723,288 | — | £14,640,061 | — | £14,270,757 | £13,162,737 | |
| Equity | £8,323,897 | £8,323,897 | £8,579,170 | £8,579,170 | £10,723,288 | £10,723,288 | £14,640,061 | £14,640,061 | £14,270,757 | £13,162,737 | |
| Average employees | 58 | — | 56 | — | 76 | — | 98 | — | 99 | 90 | |
| Wages | £2,074,868 | — | £2,244,025 | — | £3,142,663 | — | £4,135,643 | — | £4,105,156 | £3,851,825 |
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 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -9.4% | — | 4.2% | — | 15.8% | — | 19.5% | — | 8.3% | -10.6% | |
| Net margin | -9.4% | — | 4.0% | — | 20.4% | — | 23.6% | — | -2.4% | -11.3% | |
| Return on capital employed | -5.6% | — | 3.0% | — | 15.7% | — | 21.7% | — | 7.8% | -7.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 9.8% | 8.6% | |
| Current ratio | — | — | — | — | — | — | — | — | 6.25x | 7.13x |
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
- Shaw Gibbs (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- AIR BEARINGS LIMITED · parent
- VSE
Significant events
- “The year 2024/25 has been greatly influenced by the uncertainty of the printed circuit board (PCB) market, driven by the reconfiguration of supply chains, the rise of AI, and growing demand in sectors such as the electric automotive and consumer electronics industries. Sales have fallen by -31% compared to the last year and also compared to the Budget (-32%) presented for 2024/25.”
- “Open market product sales have grown by 59% in 2024/25. Our new plant in Holton Heath, inaugurated in 2023, is fully operational, and we expect to grow through 2025/26. The investments we have made are giving us a very good start in developing new products.”
- “Our subsidiary VSE, in Germany, also had sales 19% lower that the Budget presented.”
- “The Budget for 2025/26 shows a plan for another significant 40% increase in sales and we of course expected to have a very good level of Operating Income and EBITDA which we hope to meet if there are no more negative aspects in the market, as a market recovery is expected during the mid-year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| INOMATA, Tetsuya | Director | 2025-06-18 | Jun 1972 | Japanese |
| KANO, Hisayoshi | Director | 2025-06-18 | Feb 1964 | Japanese |
| SHIMIZU, Hideaki | Director | 2017-04-20 | Nov 1960 | Japanese |
| SUZUKI, Nobuhiko | Director | 2018-06-01 | Nov 1967 | Japanese |
| THANASSOULAS, Justyna Beata | Director | 2026-04-01 | Jul 1983 | British |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Iain Stuart, Mr. | Secretary | 2011-06-17 | 2013-05-03 |
| CLARKE, Susan Mary | Secretary | 2013-11-14 | 2015-12-15 |
| HENOCQ, Kelvin John | Secretary | 1992-02-09 | 2007-02-05 |
| JANES, Wendy Vivienne | Secretary | 2007-02-05 | 2011-06-17 |
| TOBITT, Nigel Derek Charles | Secretary | 2013-05-23 | 2013-07-18 |
| CHETTLEBURGH INTERNATIONAL LIMITED | Corporate Nominee Secretary | 1993-02-09 | 1993-02-09 |
| ARAI, Kunio | Director | 1995-05-10 | 1997-01-17 |
| COULLING, John Leslie | Director | 1993-02-09 | 1997-01-17 |
| EASLEY, David | Director | 1993-07-06 | 1994-10-21 |
| EASLEY, David | Director | 1993-02-09 | 1994-10-21 |
| HAYASHI, Takehiko | Director | 2019-12-01 | 2023-09-01 |
| HAYASHI, Yoshiatsu | Director | 2009-06-22 | 2013-11-02 |
| HENOCQ, Kelvin John | Director | 1993-02-09 | 2011-06-28 |
| HENOCQ, Ronald George | Director | 1993-07-06 | 2006-12-13 |
| HUGHES, Stuart John | Director | 2007-02-05 | 2014-03-31 |
| KANAYA, Yasuhiko | Director | 1995-05-10 | 2006-06-21 |
| KANO, Hisayoshi | Director | 2023-09-01 | 2023-12-01 |
| KAWAMOTO, Takeshi | Director | 2014-12-01 | 2018-03-31 |
| KONDO, Naotaka, Mr. | Director | 2013-11-02 | 2014-11-30 |
| KUDO, Kenji | Director | 2004-05-26 | 2006-06-21 |
| KUMAKURA, Kenta | Director | 2019-09-01 | 2019-12-01 |
| LAMERS, Horst | Director | 1993-07-06 | 1994-10-21 |
| LAMERS, Horst | Director | 1993-07-06 | 1994-10-21 |
| LLINAS, Miguel Mas | Director | 2015-04-01 | 2026-03-31 |
| MATSUOKA, Noboru | Director | 2015-08-01 | 2017-04-20 |
| NAKANO, Masao | Director | 2006-06-21 | 2013-11-02 |
| OTANI, Tamio | Director | 2006-06-21 | 2010-06-22 |
| SMITH, Jevan Miles, Mr. | Director | 2011-06-28 | 2015-04-01 |
| STUCKEMAN, Herman Campbell | Director | 1993-07-06 | 1994-10-21 |
| STUCKEMAN, Herman Campbell | Director | 1993-07-06 | 1994-10-21 |
| SUGIE, Kiyotaka, Mr. | Director | 2013-11-02 | 2015-08-01 |
| TAKAGI, Masayuki | Director | 2007-02-05 | 2009-06-22 |
| TAKAGI, Masayuki | Director | 1995-05-10 | 1995-11-23 |
| TAKASHIMA, Hiroshi | Director | 1997-06-25 | 2004-05-26 |
| TAMAMURA, Yoichi | Director | 2019-02-01 | 2019-04-23 |
| UENO, Hiroshi | Director | 1995-11-23 | 1997-06-25 |
| UKAWA, Hiroshi | Director | 2017-04-20 | 2018-06-01 |
| WATANABE, Takeshi | Director | 2023-12-01 | 2025-06-18 |
| YAMAKI, Kiyoshi | Director | 2010-06-22 | 2012-02-14 |
| YAMAMOTO, Masakazu | Director | 2012-02-14 | 2017-04-20 |
| CHETTLEBURGH INTERNATIONAL LIMITED | Corporate Nominee Director | 1993-02-09 | 1993-02-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Amada Co Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-01 | Active |
| Mr Taisuke Sasanuma | Individual | Significant influence | 2023-04-29 | Ceased 2025-06-30 |
| Lvm Gp Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2023-02-09 |
Filing timeline
Last 20 of 200 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-02-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | CH01 | officers | Change person director company with change date | |
| 2025-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-30 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-04-30 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-29.7%
£13,410,247 £9,422,017
-
Cash
+32.7%
£396,667 £526,350
-
Net assets
-7.8%
£14,270,757 £13,162,737
-
Employees
-9.1%
99 90
-
Operating profit
-190%
£1,107,739 -£996,674
lowest in 6 filed years
-
Profit before tax
-186.7%
£1,132,871 -£982,070
lowest in 6 filed years
-
Wages
-6.2%
£4,105,156 £3,851,825
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