SULZER GT AERO SERVICES LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
Cash
£730K
-59.3% vs 2022
Net assets
£21M
+6.9% vs 2022
Employees
83
+2.5% vs 2022
Profit before tax
£469K
+146.8% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2024-07-12
- SULZER GT AERO SERVICES LIMITED 2024-07-12 → present
- ALBA POWER LIMITED 2003-11-26 → 2024-07-12
- EAGLEDOM LIMITED 2003-10-20 → 2003-11-26
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £26,209,000 | £28,197,000 | |
| Operating profit | £267,000 | £1,059,000 | |
| Profit before tax | £190,000 | £469,000 | |
| Net profit | £170,000 | £567,000 | |
| Cash | £1,794,000 | £730,000 | |
| Total assets less current liabilities | £19,816,000 | £30,463,000 | |
| Net assets | £19,316,000 | £20,648,000 | |
| Equity | £19,316,000 | £20,648,000 | |
| Average employees | 81 | 83 | |
| Wages | £4,464,000 | £4,824,000 |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | 1.0% | 3.8% | |
| Net margin | 0.6% | 2.0% | |
| Return on capital employed | 1.3% | 3.5% | |
| Current ratio | 2.29x | 2.47x | |
| Interest cover | 2.84x | 1.74x |
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
- MHA (MacIntyre Hudson LLP)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate. The Company has positive net current assets and profit before tax. Directors have prepared projected cash flow forecasts, indicating sufficient funds with support from ultimate parent company, Sulzer AG, which provided an unsecured loan.”
Significant events
- “During 2023, the Company secured a significant EPC (Engineering, Procurement, Commissioning) project that will be undertaken over 2 years, representing growth outside principal activities.”
- “The Company is investing heavily in new technology to reduce engine emissions, make engines operate more efficiently, and allow engines to run on bio-fuel.”
- “The Company continues to invest in warehouse infrastructure and systems and has committed to implement an Enterprise Resource Planning tool during 2024.”
- “The company changed name from Alba Power Limited to Sulzer GT Aero Services Limited on 12 July 2024.”
- “On 6 November 2023, the Company took an unsecured £8m loan from Sulzer AG, repayable on 8 November 2027 with fixed interest at 7.57%.”
- “Alba Power Inc, a 100% subsidiary at 31 December 2022, was dissolved on 28th July 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CIFUENTES, Juan Carlos | Director | 2019-07-01 | Dec 1970 | Swiss |
| DAVENPORT, John Rowland | Director | 2023-01-01 | Oct 1973 | British |
| DAVIES, James Evan Lloyd | Director | 2023-10-01 | Aug 1977 | British |
| PILLAY-RAMSAMY, Ravin | Director | 2020-10-30 | Apr 1982 | Mauritian |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALDERTON, Terence Robert | Secretary | 2004-12-31 | 2019-07-01 |
| YULE, Peter | Secretary | 2003-11-14 | 2004-12-31 |
| P & W SECRETARIES LIMITED | Corporate Secretary | 2003-10-20 | 2003-11-14 |
| ALDERTON, Terence Robert | Director | 2004-11-15 | 2019-07-01 |
| ANGUS, Gordon | Director | 2008-11-25 | 2009-05-21 |
| ARCHIBALD, Campbell Charles | Director | 2003-11-14 | 2022-07-31 |
| MCKENZIE, Neil Fraser | Director | 2016-01-01 | 2024-01-31 |
| PERCY, Andrew James | Director | 2019-07-01 | 2020-11-11 |
| SEWELL, Robert Douglas | Director | 2019-07-01 | 2022-12-31 |
| YULE, Peter | Director | 2003-11-14 | 2004-12-31 |
| P & W DIRECTORS LIMITED | Corporate Director | 2003-10-20 | 2003-11-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sulzer (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-07-01 | Active |
| Mrs Fiona Carmichael | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-01 | Ceased 2019-07-01 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-12 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-25 | AA | accounts | Accounts with accounts type full | |
| 2023-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-07 | AA | accounts | Accounts with accounts type full | |
| 2021-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-18 | AP01 | officers | Appoint person director company with name date | |
| 2020-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2020-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+7.6%
£26,209,000 £28,197,000
-
Cash
-59.3%
£1,794,000 £730,000
-
Net assets
+6.9%
£19,316,000 £20,648,000
-
Employees
+2.5%
81 83
-
Operating profit
+296.6%
£267,000 £1,059,000
-
Profit before tax
+146.8%
£190,000 £469,000
-
Wages
+8.1%
£4,464,000 £4,824,000
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