LUFTHANSA TECHNIK LANDING GEAR SERVICES UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 3.2 in the financial statements, which describes the nature of the Lufthansa Group cash pooling facility. Cash earned by the entity is swept into the pool each day and the entity relies on access to this cash pool to settle its liabilities. Although the company has access to a €5.2m overdraft facility from the cash pool this may not be sufficient funds to meet their liabilities as these fall due, and written assurance of unconditional parental support has not been obtained.

1. LUFTHANSA TECHNIK LANDING GEAR SERVICES UK LIMITED 2011-03-01 → present
2. HAWKER PACIFIC AEROSPACE LIMITED 1997-11-03 → 2011-03-01

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 3.2 in the financial statements, which describes the nature of the Lufthansa Group cash pooling facility. Cash earned by the entity is swept into the pool each day and the entity relies on access to this cash pool to settle its liabilities. Although the company has access to a €5.2m overdraft facility from the cash pool this may not be sufficient funds to meet their liabilities as these fall due, and written assurance of unconditional parental support has not been obtained.”

Significant events

• “In December 2024 the Company initiated the first phase of the sale of its defined benefit pension scheme entering into an agreement to transfer the scheme to an external provider. This transaction supports the Company's strategic objective of reducing long-term financial risk while ensuring the continued security of members' benefits. The transfer is progressing in accordance with regulatory requirements, and the Company remains committed to fulfilling its obligations throughout the process until the sale is concluded in 2025.”
• “In January 2025 the company completed a refinancing of its loan commitments in which £22,744,000 of the outstanding balance as at 31 December 2025 was repaid in return for an equity injection of an equal amount from its immediate parent, Lufthansa Technik A.G. This left an outstanding balance of £2,996,000 which is repayable by September 2027. This restructuring has strengthened the Company's financial position and aligns with its long-term sustainability objectives.”

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

  +83.3%

  £47,970,000 → £87,943,000

• Cash

  —

  Not reported

• Net assets

  +21.3%

  -£27,164,000 → -£21,372,000

• Employees

  +10.3%

  300 → 331

• Operating profit

  +557.8%

  -£1,511,000 → £6,918,000

• Profit before tax

  +243.7%

  -£3,466,000 → £4,982,000

• Wages

  +20.5%

  £12,818,000 → £15,450,000

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