LOCKHEED MARTIN HELICOPTER COMPANY LTD

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)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on their assessment of the financial position of the company and its underlying subsidiary, through the use of short and long-range forecasts, including downside scenarios, the directors expect the company to be able to continue to operate in its capacity as the holding company for Polskie Zaklady Lotnicze Sp. Zo.o (PZL Mielec) through to 30 September 2026. The company participates in the wider Lockheed Martin group's centralised treasury and shares banking arrangements with its parent and fellow subsidiaries. As a result, the directors have received written confirmation of financial support from the ultimate parent undertaking, Lockheed Martin Corporation, covering the period to 30 September 2026. After having made the necessary enquiries to assess the Parent's ability to support including an understanding of the forecasts, cash position and debt commitments of the Group, the directors are satisfied that they are able to provide financial support should the Company require it. Therefore, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. LOCKHEED MARTIN HELICOPTER COMPANY LTD · parent
   1. Polskie Zaklady Lotnicze sp. Zo.o. 100% · Poland · Aircraft design and manufacturing

Significant events

• “In December 2021, the OECD issued model rules for a new global minimum tax framework (Pillar Two) applicable for multinational enterprise groups with global revenue over \u20ac750 million. The legislation implementing the rules in the UK was substantively acted on 20 June 2023.”
• “Based on this modeling, the company does not expect a Pillar 2 liability to be material to its 2024 financial statements.”

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

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  +420,166.7%

  £45 → £189,120

• Net assets

  +0.9%

  £151,380,305 → £152,757,164

• Employees

  —

  Not reported

• Operating profit

  -108.3%

  £159,965 → -£13,248

• Profit before tax

  +23,834.9%

  £156,957 → £37,567,500

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