VECTAIR SYSTEMS LIMITED
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Cash
£3m
+51.9% highest in 6 filed years
Net assets
£12m
+21% highest in 6 filed years
Employees
43
+2.4% vs 2024
Profit before tax
£2.8m
+28.7% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £11,437,684 | £8,810,035 | £12,500,771 | £13,729,772 | £15,361,257 | £16,996,341 | +10.6% | |
| Operating profit | £1,073,759 | £788,830 | £381,833 | £1,857,674 | £2,199,453 | £2,821,467 | +28.3% | |
| Profit before tax | £1,034,361 | £755,604 | £305,204 | £1,752,992 | £2,188,036 | £2,817,032 | +28.7% | |
| Net profit | £806,816 | £734,781 | -£135,326 | £1,451,925 | £2,270,637 | £2,073,893 | -8.7% | |
| Cash | £357,056 | £333,642 | £920,788 | £1,809,102 | £1,989,699 | £3,022,696 | +51.9% | |
| Total assets less current liabilities | £7,388,762 | £8,123,543 | £7,926,606 | £7,902,531 | £10,206,141 | £12,282,377 | +20.3% | |
| Net assets | £7,070,312 | £7,805,093 | £7,669,767 | £7,621,692 | £9,892,329 | £11,966,222 | +21% | |
| Equity | £7,070,312 | £7,805,093 | £7,669,767 | £7,621,692 | £9,892,329 | £11,966,222 | +21% | |
| Average employees | 45 | 42 | 38 | 40 | 42 | 43 | +2.4% | |
| Wages | £2,322,419 | £1,857,999 | £1,923,712 | £1,967,384 | £2,242,936 | £2,610,540 | +16.4% | |
| Directors' remuneration | £870,895 | £508,350 | £455,730 | £433,965 | £365,142 | £352,072 | -3.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-10-31 | 2021-10-31 | 2022-10-31 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 9.4% | 9.0% | 3.1% | 13.5% | 14.3% | 16.6% | |
| Net margin | 7.1% | 8.3% | -1.1% | 10.6% | 14.8% | 12.2% | |
| Return on capital employed | 14.5% | 9.7% | 4.8% | 23.5% | 21.6% | 23.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 20.5% | 24.9% | |
| Current ratio | — | — | — | 3.22x | 5.12x | 4.14x | |
| Interest cover | 22.42x | 23.74x | 4.98x | 17.73x | — | — |
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.
Name history
Renamed 1 time since incorporation
- VECTAIR SYSTEMS LIMITED 1988-05-04 → present
- LUSTRE LIMITED 1988-04-19 → 1988-05-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments, given the measures that can be undertaken to mitigate the current adverse conditions, and the current resources available, the directors are satisfied that the company is able to meet its obligations and continue in operational existence for the twelve months from the date of the approval of financial statements. For this reason, the directors have adopted the going concern basis in preparing these financial statements.”
Group structure
- VECTAIR SYSTEMS LIMITED · parent
- Vectair Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Colin | Secretary | 2006-01-13 | — | British |
| DAVIES, Colin | Director | 2006-01-13 | Jan 1964 | British |
| HJELSETH, Nathan | Director | 2025-12-04 | Aug 1974 | American |
| LIPKE, Peter | Director | 2025-12-04 | Jul 1961 | American |
| OVENDEN, Justin | Director | 2020-12-23 | Jun 1964 | British |
| WAKEFIELD, Christopher | Director | 2025-12-04 | Apr 1975 | English |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HORNBY, Peter Michael | Secretary | — | 2006-01-13 |
| ALLEN, John Neil | Director | — | 2006-01-13 |
| CLARKE, Alexander Kevin | Director | — | 2006-01-13 |
| COULTER, Andrew | Director | 2020-11-27 | 2025-12-04 |
| HORNBY, Peter Michael | Director | — | 2006-01-13 |
| JOHNSON, Keith Philip | Director | 2018-04-03 | 2020-11-27 |
| LAMB, Jordan | Director | 2020-11-27 | 2025-12-04 |
| MARTIN, Richard Michael | Director | 2006-01-13 | 2020-11-27 |
| OVENDEN, Justin | Director | 1997-08-01 | 2020-11-27 |
| WONNACOTT, Paul | Director | — | 2025-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vectair Acquistion Holdings, Llc | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-11-27 | Ceased 2026-04-28 |
| Vectair Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-11-27 |
Filing timeline
Last 20 of 177 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-06 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-04-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-01-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-27 | AA | accounts | Accounts with accounts type full | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-29 | AA | accounts | Accounts with accounts type full | |
| 2021-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.