GAMA AVIATION PLC
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Cash
£4.3M
USD 5,787,000
-69.4% lowest in 3 filed years
Net assets
£50M
USD 66,936,000
-5.7% lowest in 3 filed years
Employees
817
0% vs 2024
Profit before tax
-£8.5M
USD -11,308,000
-347.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, certain assumptions within the cash flow forecasts, in both the base case and severe but plausible downside case, relating to the finalisation of financing have not been resolved at the time of approving the financial statements. The Directors are taking steps to put in place funding arrangements, having secured some of the funding required since the year end and obtained term sheets from prospective lenders for other key elements of the planned financing. However, there is a risk that this funding may not be secured in the timescales planned as they are not fully under the control of the Group. Consequently, these circumstances indicate a material uncertainty that may cast significant doubt on the Group and Parent's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge is liabilities in the normal course of business.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £147,217,000 | £173,582,872 | £172,250,337 | -0.8% | |
| Operating profit | -£14,583,000 | £6,050,307 | -£2,073,664 | -134.3% | |
| Profit before tax | -£20,711,000 | £3,414,433 | -£8,465,339 | -347.9% | |
| Net profit | -£20,809,000 | £3,228,777 | -£8,733,343 | -370.5% | |
| Cash | £92,052,000 | £14,142,087 | £4,332,235 | -69.4% | |
| Total assets less current liabilities | £176,365,000 | £120,482,108 | £144,905,675 | +20.3% | |
| Net assets | £100,924,000 | £53,118,730 | £50,109,298 | -5.7% | |
| Equity | £100,924,000 | £53,118,730 | £50,109,298 | -5.7% | |
| Average employees | 1,233 | 817 | 817 | 0% | |
| Wages | £47,788,000 | £61,993,386 | £69,834,949 | +12.6% | |
| Directors' remuneration | £2,786,000 | £1,021,498 | £1,048,061 | +2.6% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -9.9% | 3.5% | -1.2% | |
| Net margin | -14.1% | 1.9% | -5.1% | |
| Return on capital employed | -8.3% | 5.0% | -1.4% | |
| Gearing (liabilities / total assets) | 57.1% | 70.8% | 78.0% | |
| Current ratio | 2.25x | 1.04x | 0.75x | |
| Interest cover | -1.96x | 1.22x | -0.24x |
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 3 times since incorporation
- GAMA AVIATION PLC 2015-01-05 → present
- HANGAR 8 PLC 2010-10-13 → 2015-01-05
- HANGAR 8 LIMITED 2010-09-28 → 2010-10-13
- PILOTRUNNER LIMITED 2010-05-25 → 2010-09-28
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, certain assumptions within the cash flow forecasts, in both the base case and severe but plausible downside case, relating to the finalisation of financing have not been resolved at the time of approving the financial statements. The Directors are taking steps to put in place funding arrangements, having secured some of the funding required since the year end and obtained term sheets from prospective lenders for other key elements of the planned financing. However, there is a risk that this funding may not be secured in the timescales planned as they are not fully under the control of the Group. Consequently, these circumstances indicate a material uncertainty that may cast significant doubt on the Group and Parent's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge is liabilities in the normal course of business.”
Group structure
- GAMA AVIATION PLC · parent
- Airops Software Limited 100%
- Aravco Limited 100%
- FlyerTech Limited 100%
- Gama Aviation (Asset 2) Limited 100%
- Gama Aviation (Engineering) Limited 100%
- Gama Aviation (UK) Limited 100%
- Gama Group Limited 100%
- Gama Support Services Limited 100%
- Hangar 8 Management Limited 100%
- International JetClub Limited 100%
- SAS (Kent) Limited 100%
- Gama Aviation (Beauport) Limited 100%
- Gama Aviation (Engineering) Jersey Limited 100%
- Gama Aviation FZC 49%
- Gama Group Mena FZE 100%
- Gama Holdings FZC 100%
- Gama Support Services FZE 100%
- Gama Aviation SPV Limited (Plc) 100%
- Gama Aviation (Management) Inc. 100%
- Gama Aviation Engineering (HK) Limited 100%
- Gama Aviation Hutchison Holdings Limited 100%
- Gama Aviation (HK) Limited 100%
- Gama Group (Asia) Limited 100%
- Star-Gate Aviation (Proprietary) Limited 100%
- Hangar 8 Nigeria Limited 100%
- Gama Aviation (Cayman) SEZC 100%
- FlyerTech Europe Sp. Z.o.o. 100%
- GB Aviation Holdings LLC 50%
- Gama Aviation Hutchison Technical Service (Beijing) Limited 100%
- Bond Helicopters Limited 50%
- Gama Aviation Holding (Malta) Limited 49%
- Gama Aviation (Malta) Limited 49%
- Tyrolean Jet Services GmbH 49%
- Pink Sparrow GmbH 49%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Mine | Secretary | 2015-01-05 | — | — |
| ABDEL-KHALEK, Marwan | Director | 2015-01-06 | Jul 1960 | British |
| SCHWARZ, Reuwen | Director | 2024-09-12 | Mar 1976 | Austrian |
| TAYLOR, Mine | Director | 2026-01-06 | Oct 1968 | British |
| WILLIAMSON, Michael Frank | Director | 2022-10-17 | Jul 1957 | British |
| WRIGHT, Stephen Peter | Director | 2015-01-06 | Apr 1957 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRADY, Philip | Secretary | 2011-01-13 | 2013-02-28 |
| CALLAN, Kevin Andrew | Secretary | 2013-03-01 | 2015-01-05 |
| PAYNE, Nigel Terence | Secretary | 2010-10-13 | 2011-01-13 |
| BLAY, Keiron Joseph | Director | 2010-07-19 | 2011-10-25 |
| BLOWER, John William | Director | 2010-07-19 | 2011-10-25 |
| BRADY, Philip Dominic | Director | 2011-01-04 | 2013-02-28 |
| BROWN, Peter Richard | Director | 2015-01-05 | 2024-05-31 |
| CALLAN, Kevin Andrew | Director | 2013-03-01 | 2015-02-02 |
| CLARKE, Christopher John David | Director | 2019-04-24 | 2022-06-28 |
| COWHAM, David Francis | Director | 2010-07-19 | 2012-11-27 |
| DRYDEN, Dustin Sean | Director | 2010-05-25 | 2015-09-29 |
| GODLEY, Kevin Michael | Director | 2015-02-02 | 2018-02-01 |
| HANKS, Suzanne Jane | Director | 2010-07-19 | 2010-10-12 |
| HOWELL, Michael William | Director | 2019-04-24 | 2022-06-28 |
| LAW, Murray James | Director | 2012-12-03 | 2014-03-27 |
| MARTIN, Greg Richard | Director | 2013-07-17 | 2015-01-05 |
| MEDLEY, Neil Stephen | Director | 2018-01-03 | 2021-06-29 |
| MOUNT, Stephen George | Director | 2019-06-27 | 2024-05-31 |
| PAYNE, Nigel Terence | Director | 2010-07-19 | 2016-11-04 |
| PEAGRAM, Michael John | Director | 2012-11-28 | 2019-04-30 |
| ROBINS, Ralph, Sir | Director | 2015-01-05 | 2019-04-03 |
| ROLLS, George Henry | Director | 2010-07-19 | 2016-06-03 |
| RUBACK, Daniel David | Director | 2019-12-16 | 2022-04-08 |
| SAVILE, David Christopher Wrey | Director | 2012-02-06 | 2015-01-05 |
| STEEVES, Richard Martin, Dr | Director | 2018-01-03 | 2019-01-31 |
| STICKLAND, David George | Director | 2018-10-17 | 2019-05-31 |
| TO, Simon Chi Keung | Director | 2018-03-02 | 2024-05-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Marwan Khalek | Individual | Shares 25–50% | 2024-05-31 | Active |
Filing timeline
Last 20 of 159 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-22 | AA | accounts | Accounts with accounts type group | |
| 2026-06-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2025-01-14 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-14 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-11-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type group | |
| 2024-06-07 | SH03 | capital | Capital return purchase own shares | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | SH01 | capital | Capital allotment shares | |
| 2024-05-15 | AA | accounts | Accounts with accounts type interim | |
| 2024-02-28 | SH01 | capital | Capital allotment shares | |
| 2023-07-11 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.