FLY NAVY HERITAGE TRUST LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Consolidated group

Auditor

Albert Goodman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have, as always, given careful consideration to the cashflow forecasts of the charity covering the period of at least twelve months from the date of signing the accounts. They are satisfied that the charity has sufficient working capital resources in place over that period and therefore the accounts are drawn up on the going concern basis.”

Group structure

1. FLY NAVY HERITAGE TRUST LIMITED · parent
   1. Navy Wings Heritage Flight Limited 100% · England and Wales · trading operation of the Charity. Activities include sales of aircraft displays, sales of souvenir merchandise and the operation of aircraft.

Significant events

• “Completed busiest year ever in 2024, seen by over 3M people, achieving national coverage in the Press and on BBC1.”
• “Awarded the prestigious British Air Display Association trophy for 2024.”
• “Achieved all operational aims without incident and no loss of aircraft displays from unserviceability.”
• “Acquired a significant spares inventory after a 4-year investment programme.”
• “Secured a significant input from the Royal Navy for heritage support.”
• “Agreed long-term plan for aircraft and engine availability, streamlining the Fleet.”
• “Sea Fury FB11 should return to skies, Seafire Mk XVII delayed due to engine issues.”
• “Successfully held major fund-raising activities including a Corporate dinner and a high-end Ambassadors Ball netting almost £100K.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +50.9%

  £521,741 → £787,211

• Cash

  -22.6%

  £1,650,717 → £1,277,282

• Net assets

  -5.5%

  £7,583,684 → £7,169,500

• Employees

  +5.9%

  17 → 18

• Operating profit

  -235.7%

  £257,145 → -£348,887

• Profit before tax

  -210.3%

  £286,253 → -£315,844

• Wages

  +8.9%

  £632,201 → £688,524

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