ITP AERO UK LIMITED
Formerly a subsidiary of Rolls-Royce and now majority-owned by Bain Capital, the company operates as the UK arm of the Spanish aerospace group manufacturing and maintaining aeroengines and components for commercial and defence aviation.
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Cash
£7.8m
+166.4% highest in 3 filed years
Net assets
£42m
-16.6% lowest in 3 filed years
Employees
775
+1.4% highest in 3 filed years
Profit before tax
-£8.7m
+32.8% highest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £244,527,000 | £244,878,000 | £258,136,000 | +5.4% | |
| Operating profit | -£7,849,000 | -£3,967,000 | -£1,229,000 | +69% | |
| Profit before tax | -£16,089,000 | -£12,940,000 | -£8,700,000 | +32.8% | |
| Net profit | £21,082,000 | -£13,487,000 | -£8,293,000 | +38.5% | |
| Cash | £2,854,000 | £2,933,000 | £7,814,000 | +166.4% | |
| Total assets less current liabilities | — | £164,508,000 | £162,984,000 | -0.9% | |
| Net assets | £63,402,000 | £49,915,000 | £41,622,000 | -16.6% | |
| Equity | £63,402,000 | £49,915,000 | £41,622,000 | -16.6% | |
| Average employees | 739 | 764 | 775 | +1.4% | |
| Wages | £42,541,000 | £44,539,000 | £50,842,000 | +14.2% | |
| Directors' remuneration | £197,000 | £195,000 | £241,000 | +23.6% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -3.2% | -1.6% | -0.5% | |
| Net margin | 8.6% | -5.5% | -3.2% | |
| Return on capital employed | — | -2.4% | -0.8% | |
| Gearing (liabilities / total assets) | 70.5% | 79.8% | 85.2% | |
| Current ratio | 1.62x | — | — | |
| Interest cover | -0.95x | -0.44x | -0.16x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 18 months from the date of approval of these financial statements. Accordingly, the directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern, and the financial statements have been prepared on a going concern basis.”
Significant events
- “A solar energy solution was selected in 2025, with implementation underway in early 2026.”
- “the company re-committed to a managed contract for energy provision in April 2026”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEIGHTON, Robert Steven | Secretary | 2020-12-08 | — | — |
| GORRONO ARREGUI, Valentin | Director | 2024-07-19 | Apr 1977 | Spanish |
| GUIL LÓPEZ, Eva | Director | 2025-10-06 | Jul 1971 | Spanish |
| OTERO AGUAYO, Carmen María | Director | 2021-06-11 | Jun 1973 | Spanish |
| PRICE, Daniel | Director | 2022-05-20 | Jul 1965 | British |
| WILLIAMSON, Ian Roger | Director | 2022-05-20 | Feb 1973 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GONZÁLEZ SAN SEGUNDO, Manuel Pablo | Director | 2021-06-11 | 2025-03-03 |
| NAVARRO-FUENTES, Ricardo | Director | 2020-12-08 | 2022-05-19 |
| ROBERTSON KILLE, Alistair Gordon | Director | 2025-03-03 | 2025-10-08 |
| ÁLVAREZ RUBIO, Luis Ramón | Director | 2021-06-11 | 2024-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rolls-Royce Plc | Corporate entity | Shares 75–100% | 2020-12-08 | Ceased 2022-09-15 |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-06 | AA | accounts | Accounts with accounts type full | |
| 2025-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-25 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-01-31 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.