AFFINITY FLYING SERVICES LIMITED
Get an alert when AFFINITY FLYING SERVICES LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£911K
-71.8% vs 2023
Net assets
£7.1M
+19.7% vs 2023
Employees
206
+7.3% vs 2023
Profit before tax
£1.6M
+24.9% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £23,244,000 | £26,853,000 | +15.5% | |
| Operating profit | £771,000 | £1,765,000 | +128.9% | |
| Profit before tax | £1,316,000 | £1,644,000 | +24.9% | |
| Net profit | £1,244,000 | £1,176,000 | -5.5% | |
| Cash | £3,230,000 | £911,000 | -71.8% | |
| Total assets less current liabilities | £14,259,000 | £14,458,000 | +1.4% | |
| Net assets | £5,969,000 | £7,145,000 | +19.7% | |
| Equity | £5,969,000 | £7,145,000 | +19.7% | |
| Average employees | 192 | 206 | +7.3% | |
| Wages | £8,642,000 | £9,313,000 | +7.8% | |
| Directors' remuneration | £0 | £0 | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.3% | 6.6% | |
| Net margin | 5.4% | 4.4% | |
| Return on capital employed | 5.4% | 12.2% | |
| Gearing (liabilities / total assets) | 75.4% | 69.0% | |
| Current ratio | 1.17x | 1.26x | |
| Interest cover | 2.35x | 7.91x |
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
- AFFINITY FLYING SERVICES LIMITED 2015-10-28 → present
- TEARLAND LIMITED 2015-10-06 → 2015-10-28
Audit & accounting basis
- Accounting basis
- UK adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 company's ability to continue as a going concern for a period through to 30 June 2026.”
Significant events
- “During 2023 AFTSL satisfied its obligations under the Common Terms Agreement (CTA), referred to as the 'Service Debt Discharge Date' (SDDD), with repayment of the final Debt balance to the three banking lenders. The completion of the loans and release of the CTA triggered several contractual events.”
- “Through 2024 the Company has continued to support AFTSL, delivering an increased number of flying hours vs 2023, along with the execution of a number of significant contractual Change Orders requested by Ascent and the MoD (as primary contracting party) for aircraft design improvements (notably a new "traffic awareness system" on the Grob platform) and other service enhancements intended to increase availability, pilot training experience and throughput.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOODIER, Nicholas David | Secretary | 2021-01-29 | — | — |
| AVRAHAM, Reuven | Director | 2015-10-27 | Apr 1956 | Israeli |
| DONOHOE, Barry Robert | Director | 2024-11-11 | Apr 1972 | British |
| FAUSSET, Martin Clifford St John | Director | 2022-09-28 | Feb 1957 | British |
| GOODWIN, Andrew Marino | Director | 2020-07-31 | Feb 1985 | American |
| MEFFAN, Peter John | Director | 2025-02-10 | Jan 1964 | British |
| RAVIV, Adi | Director | 2015-10-27 | Aug 1976 | Israeli |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUTNAM, Nicholas Richard | Secretary | 2015-10-27 | 2016-09-30 |
| USHER, Simon Jeffrey | Secretary | 2016-10-03 | 2021-01-29 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2015-10-06 | 2015-10-27 |
| ALON, Reuven | Director | 2015-10-27 | 2022-09-28 |
| BARRETT, James Arthur | Director | 2015-10-27 | 2020-07-31 |
| BARRIE, Andrew Jonathan | Director | 2021-01-01 | 2022-10-19 |
| KAHN, Paul Emmanuel, Mr. | Director | 2022-10-19 | 2024-11-15 |
| KERRY, Robert Paul | Director | 2015-10-27 | 2020-12-31 |
| LEVY, Adrian Joseph Morris | Director | 2015-10-06 | 2015-10-27 |
| MEFFAN, Peter John | Director | 2015-10-27 | 2024-11-15 |
| PUDGE, David John | Director | 2015-10-06 | 2015-10-27 |
| SMART, Peter | Director | 2015-10-27 | 2022-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elbit Systems Uk Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Kellogg Brown & Root Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-11 | AA | accounts | Accounts with accounts type full | |
| 2022-10-20 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | MA | incorporation | Memorandum articles | |
| 2022-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-27 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.