NAC AVIATION UK 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-16 (in 7mo)
Last made up 2025-12-02
Watchouts
Cash
£2K
+200.1% vs 2023
Net assets
£37M
+3.4% vs 2023
Employees
—
Average over period
Profit before tax
£1M
-29.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- NAC AVIATION UK 1 LIMITED 2012-08-15 → present
- MIG AVIATION (UK) LIMITED 2009-07-01 → 2012-08-15
- ALNERY NO. 2860 LIMITED 2009-04-08 → 2009-07-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £206,820 | £0 | |
| Operating profit | £244,626 | -£67,457 | |
| Profit before tax | £1,965,159 | £1,386,953 | |
| Net profit | £2,449,222 | £1,200,148 | |
| Cash | £741 | £2,224 | |
| Total assets less current liabilities | £35,317,272 | £36,517,420 | |
| Net assets | £35,317,272 | £36,517,420 | |
| Equity | £35,317,272 | £36,517,420 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 118.3% | — | |
| Net margin | 1184.2% | — | |
| Return on capital employed | 0.7% | -0.2% | |
| Current ratio | 2072.39x | — | |
| Interest cover | 9.43x | -0.29x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. On 7 May 2025, Dubai Aerospace Enterprise (DAE) Ltd ("DAE"), through one of its subsidiaries, acquired the shares of Nordic Aviation Capital DAC. As a result, the Company became a wholly owned subsidiary of DAE. Underpinning the Directors' view of the appropriateness of the preparation of the financial statements on a going concern basis is the letter of support issued to the Company by the Company's ultimate parent company, DAE, which states that DAE will continue to support the Company, so as to enable the Company to meet their liabilities as they fall due and to carry on normal business without any significant curtailment to operations. The financial position of the Company's ultimate parent company, DAE, underpins its ability to issue the letter of support to the Company. The Directors are of the view that this is the appropriate basis for preparation as they have considered and are satisfied with the Group and the Company's funding, borrowing facilities and cash flows for at least the next 12 months from the date of the approval of these financial statements.”
Significant events
- “On 7 May 2025, Dubai Aerospace Enterprise (DAE) Ltd ("DAE"), through one of its subsidiaries, acquired the shares of Nordic Aviation Capital DAC. As a result, the Company became a wholly owned subsidiary of DAE. There have been no significant events from the year end until the date of the approval of these financial statements that would require adjustment to, or disclosure in, the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2025-07-31 | — | — |
| ELGAR, Mark Jonathan | Director | 2025-05-07 | Apr 1965 | British |
| GILLEN, Orla Elizabeth | Director | 2025-05-07 | Dec 1974 | Irish |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDBRIDGE SERVICES LONDON LIMITED | Corporate Secretary | 2012-06-28 | 2013-12-20 |
| ALNERY INCORPORATIONS NO.1 LIMITED | Corporate Secretary | 2009-04-08 | 2009-07-01 |
| TRICOR CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2013-12-20 | 2025-07-31 |
| CAMERON, Andrew Richard Haig | Director | 2020-02-03 | 2023-08-15 |
| CHEUNG, Lyn Marie | Director | 2025-05-07 | 2025-09-10 |
| GORMAN, Stephen Charles | Director | 2017-03-01 | 2020-02-03 |
| HALL, Trevor | Director | 2012-08-10 | 2022-07-01 |
| HULGAARD, Jette Mariann | Director | 2012-06-28 | 2022-01-05 |
| KARATZENIS, Fotios, Dr | Director | 2009-07-01 | 2012-06-28 |
| LOUZADO, David Joseph | Director | 2014-01-24 | 2014-09-12 |
| MACLENNAN, Angus Gillies | Director | 2013-04-24 | 2014-01-24 |
| MAGEIRAS, Kyriakos | Director | 2009-07-01 | 2011-07-04 |
| MORRIS, Craig Alexander James | Director | 2009-04-08 | 2009-07-01 |
| O'NEILL, Rory John | Director | 2024-04-04 | 2025-05-07 |
| SHEARD, Edward | Director | 2022-07-01 | 2025-05-07 |
| SOUVATZOGLOU, Areti | Director | 2009-07-01 | 2012-06-28 |
| ULSO, Niels | Director | 2012-06-28 | 2013-04-24 |
| VGENOPOULOS, Andreas | Director | 2009-07-01 | 2012-03-21 |
| WALSH, Michael George | Director | 2014-09-12 | 2017-03-01 |
| ALNERY INCORPORATIONS NO.1 LIMITED | Corporate Director | 2009-04-08 | 2009-07-01 |
| ALNERY INCORPORATIONS NO.2 LIMITED | Corporate Director | 2009-04-08 | 2009-07-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 254 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-15 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-08-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-100%
£206,820 £0
-
Cash
+200.1%
£741 £2,224
-
Net assets
+3.4%
£35,317,272 £36,517,420
-
Employees
—
Not reported
-
Operating profit
-127.6%
£244,626 -£67,457
-
Profit before tax
-29.4%
£1,965,159 £1,386,953
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