XCEL AEROSPACE LIMITED
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Cash
£1.3m
+42.6% highest in 6 filed years
Net assets
£5.4m
+16.3% highest in 6 filed years
Employees
57
0% vs 2024
Profit before tax
£764k
-41.5% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £6,325,474 | £4,933,945 | £5,455,653 | £6,535,964 | £8,318,451 | £8,174,587 | -1.7% | |
| Operating profit | £285,313 | £429,590 | £512,540 | £663,769 | £1,362,137 | £818,913 | -39.9% | |
| Profit before tax | £236,167 | £393,921 | £455,334 | £665,427 | £1,305,699 | £764,350 | -41.5% | |
| Net profit | £203,748 | £328,593 | £455,334 | £601,590 | £894,026 | £752,424 | -15.8% | |
| Cash | £1,072,880 | £989,617 | £125,429 | £60,747 | £911,544 | £1,299,882 | +42.6% | |
| Total assets less current liabilities | £3,284,417 | £3,355,476 | £3,444,489 | £4,257,529 | £5,256,444 | £6,129,225 | +16.6% | |
| Net assets | £2,241,650 | £2,570,243 | £3,025,577 | £3,673,378 | £4,614,486 | £5,366,910 | +16.3% | |
| Equity | £2,241,650 | £2,570,243 | £3,025,577 | £3,673,378 | £4,614,486 | £5,366,910 | +16.3% | |
| Average employees | 73 | 60 | 59 | 59 | 57 | 57 | 0% | |
| Wages | £2,802,233 | £2,181,799 | £2,136,679 | £2,255,509 | £2,384,956 | £2,474,987 | +3.8% | |
| Directors' remuneration | — | — | — | — | £224,878 | £290,209 | +29.1% | |
| Directors' pension contributions | — | — | — | — | £67,195 | £31,307 | -53.4% | |
| Highest paid director | — | — | — | — | £163,200 | £165,360 | +1.3% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.5% | 8.7% | 9.4% | 10.2% | 16.4% | 10.0% | |
| Net margin | 3.2% | 6.7% | 8.3% | 9.2% | 10.7% | 9.2% | |
| Return on capital employed | 8.7% | 12.8% | 14.9% | 15.6% | 25.9% | 13.4% | |
| Gearing (liabilities / total assets) | 50.2% | 40.9% | 34.6% | 42.6% | 37.2% | 30.9% | |
| Current ratio | — | — | — | — | 2.68x | 3.76x | |
| Interest cover | 5.81x | 12.04x | 8.96x | — | 24.14x | 13.71x |
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 2 times since incorporation
- XCEL AEROSPACE LIMITED 2015-12-16 → present
- FARSOUND ENGINEERING LIMITED 2013-09-02 → 2015-12-16
- FARSOUND AEROSPACE MRO LIMITED 2011-06-23 → 2013-09-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the company’s ability to continue as a going concern and are satisfied that it remains appropriate to prepare the financial statements on that basis.”
Group structure
- XCEL AEROSPACE LIMITED · parent
- Alma Engineering Xcel Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RAFFERTY, Niall James | Secretary | 2021-07-30 | — | — |
| CUADRADO, Harry Alberto | Director | 2019-12-20 | Jan 1975 | American |
| RAFFERTY, Niall James | Director | 2015-12-01 | Jun 1953 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEADLE, Mark | Director | 2013-09-11 | 2014-12-17 |
| BOUCHER, Joseph | Director | 2016-12-22 | 2019-12-20 |
| DALEY, Daniel Ryan | Director | 2014-05-19 | 2021-07-30 |
| DUFF, Robert John | Director | 2013-09-11 | 2015-02-23 |
| FISCHER, Andrew Olaf | Director | 2011-06-23 | 2019-12-20 |
| FISHER, Ian | Director | 2011-06-23 | 2019-12-20 |
| MOONEY, Peter Anthony | Director | 2013-09-11 | 2014-10-23 |
| RICE, John Barry | Director | 2015-12-01 | 2016-02-23 |
| RICHARDSON, Jonathan Charles | Director | 2011-06-23 | 2019-12-20 |
| VIRDI, Balraj Singh | Director | 2018-09-26 | 2019-12-20 |
| FARSOUND HOLDINGS LIMITED | Corporate Director | 2011-06-23 | 2011-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Xcel Aerospace Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type medium | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-06-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.