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Cash

£3.5M

+6% vs 2023

Net assets

£54M

+7.3% vs 2023

Employees

16

0% vs 2023

Profit before tax

£3.7M

+19.7% vs 2023

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31 Δ vs prior
Turnover £3,109,099£3,243,424 +4.3%
Operating profit £1,103,963£916,520 -17%
Profit before tax £3,092,648£3,701,741 +19.7%
Net profit £3,092,648£3,701,741 +19.7%
Cash £3,256,212£3,451,311 +6%
Total assets less current liabilities £50,949,713£54,241,454 +6.5%
Net assets £50,539,713£54,241,454 +7.3%
Equity £50,539,713£54,241,454 +7.3%
Average employees 1616 0%
Wages £623,240£676,590 +8.6%
Directors' remuneration £290,028£186,328 -35.8%

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 2023-12-312024-12-31
Operating margin 35.5%28.3%
Net margin 99.5%114.1%
Return on capital employed 2.2%1.7%
Gearing (liabilities / total assets) 1.4%0.9%
Current ratio 18.67x10.71x
Interest cover 2.87x1.80x

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 102
Reporting scope
Consolidated group
Auditor
Richard Place Dobson Services Ltd
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

  1. THE ROYAL AIR FORCE CENTRAL FUND · parent
    1. RAF Central Fund Trading Ltd 100% · England and Wales · letting of the charity's Feshiebridge property

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

10 active · 16 resigned

Name Role Appointed Born Nationality
GRASKE, Nicola Secretary 2016-08-04
BAKER, Chantal Emma Director 2020-04-17 Mar 1979 British
BROWN, Julian William Director 2024-05-06 Dec 1969 Australian
FARMERY, Alison Director 2018-09-26 Oct 1962 British
GRIPTON, Helen Louise Director 2025-11-12 Apr 1981 British
MICHAELSON, John Charles Director 2018-04-06 Apr 1953 American
MOLLOY, Eamonn Mark, Dr Director 2017-07-27 Jan 1971 British
STRINGER, John Jackson Director 2025-11-12 Nov 1969 British
VERONESE, Oscar-Luigi Director 2024-07-12 Sep 1960 British
WILLIAMS, Mark Director 2018-09-26 Jul 1959 British
Show 16 resigned officers
Name Role Appointed Resigned
TOLFTS, Ian, Group Captain Secretary 2014-03-01 2016-08-04
ALLEN, Peter John Director 2013-06-04 2018-07-20
BEET, Nigel, Air Commodore Director 2013-06-04 2016-08-04
BRIDGELAND, Sally Director 2018-09-26 2021-07-07
CROSSLEY, Jonathan, Warrant Officer Director 2018-07-20 2024-04-24
ELLIS, John Raymond Director 2019-07-08 2022-04-12
GRAY, Susan Catherine, Dame Director 2024-03-04 2025-05-06
MARDELL, Alison, Air Vice Marshal Director 2016-08-04 2018-08-21
NORTH, Barry Mark, Air Marshal Director 2014-03-01 2016-05-23
OPIE, Gerald Alan, Air Commodore Director 2014-03-01 2016-08-04
OPIE, Gerald Alan, Air Commodore Director 2014-03-01 2014-03-01
OWEN, Peter Nigel Director 2014-03-01 2017-07-27
REYNOLDS, Sean, Air Marshal Director 2016-08-04 2018-06-06
WEST, Elaine, Air Commodore Director 2013-06-04 2016-08-04
WIGSTON, Michael, Sir Director 2018-07-31 2019-04-10
WILES, Matthew John Gethin, Air Vice-Marshal Director 2013-06-04 2014-03-01

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 99 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2025-07-21 RESOLUTIONS Resolution
  • 2025-07-21 MA Memorandum articles
Date Type Category Description
2025-11-25 AP01 officers Appoint person director company with name date PDF
2025-11-25 CH01 officers Change person director company with change date PDF
2025-11-25 AP01 officers Appoint person director company with name date PDF
2025-11-24 CH01 officers Change person director company with change date PDF
2025-10-08 AA accounts Accounts with accounts type group
2025-07-21 RESOLUTIONS resolution Resolution
2025-07-21 MA incorporation Memorandum articles
2025-05-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-05-12 TM01 officers Termination director company with name termination date PDF
2025-02-20 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-02-07 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2024-09-28 AA accounts Accounts with accounts type group
2024-07-25 AP01 officers Appoint person director company with name date PDF
2024-05-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-05-10 CH01 officers Change person director company with change date PDF
2024-05-10 AP01 officers Appoint person director company with name date PDF
2024-04-30 TM01 officers Termination director company with name termination date PDF
2024-03-12 CH01 officers Change person director company with change date PDF
2024-03-08 AP01 officers Appoint person director company with name date PDF
2024-01-24 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
7

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page