PAL AEROSPACE LTD.
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Cash
£39M
-30.7% vs 2023
Net assets
£762M
+13.2% vs 2023
Employees
—
Average over period
Profit before tax
£91M
+3% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,350,567,598 | £1,437,858,803 | |
| Operating profit | — | — | |
| Profit before tax | £88,163,144 | £90,807,071 | |
| Net profit | £66,115,466 | £65,535,975 | |
| Cash | £55,980,864 | £38,811,287 | |
| Total assets less current liabilities | £1,871,003,297 | £2,134,271,042 | |
| Net assets | £673,265,041 | £762,024,434 | |
| Equity | £673,265,041 | £762,024,434 | |
| Average employees | — | — | |
| Wages | £389,970,269 | £437,342,018 |
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 |
|---|---|---|---|
| Net margin | 4.9% | 4.6% | |
| Gearing (liabilities / total assets) | 69.5% | 69.3% | |
| Current ratio | 2.11x | 1.97x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Corporation has prepared these financial statements on a going concern basis.”
Significant events
- “On March 14, 2024, the Corporation renewed its NCIB for common shares and certain series of convertible debentures. Under the renewed NCIB for common shares, purchases can be made during the period commencing on March 19, 2024, and ending on March 18, 2025. The Corporation can purchase a maximum of 4,144,853 shares and daily purchases shall be limited to 22,369 shares, other than block purchase exemptions.”
- “On February 13, 2025, the Corporation redeemed its 7 year, 5.75% convertible debentures which were due on March 31, 2026. Prior to the redemption date, $78,383 per value was converted into 1,605,618 common shares at a price of $49.00 per share. On February 20, 2025, the remaining outstanding principal amount of $7,574 was redeemed by the Corporation. The redemption of the debentures was completed with cash on hand from the Corporations credit facility.”
- “On February 24, 2025, the Corporation announced it had signed a binding purchase agreement to acquire Bradley Air Services Limited, operating as Canadian North, for a purchase price of $205 million, subject to adjustments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALLIDAY, Robert | Secretary | 2023-12-01 | — | — |
| PYLE, Michael | Director | 2023-12-01 | Jul 1964 | Canadian |
| SPARROW, Darwin | Director | 2023-12-01 | Oct 1966 | Canadian |
| TERWIN, Adam | Director | 2023-12-01 | Jul 1979 | Canadian |
| TRAINOR, Justin Peter | Director | 2024-06-17 | Dec 1971 | Canadian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PETER, Carmele | Director | 2023-12-01 | 2024-06-17 |
Ownership
Persons with significant control
Filing timeline
Last 7 of 7 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-27 | AA | accounts | Accounts with accounts type group | |
| 2025-02-05 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2025-02-05 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2025-01-09 | AA | accounts | Accounts with accounts type group | |
| 2024-03-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-12-01 | OS-PAR | annual-return | Appointment at registration of person authorised to represent | |
| 2023-12-01 | OSIN01 | incorporation | Register overseas company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
+6.5%
£1,350,567,598 £1,437,858,803
-
Cash
-30.7%
£55,980,864 £38,811,287
-
Net assets
+13.2%
£673,265,041 £762,024,434
-
Employees
—
Not reported
-
Profit before tax
+3%
£88,163,144 £90,807,071
-
Wages
+12.1%
£389,970,269 £437,342,018
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