Hs Marston Aerospace Limited
Other manufacturing n.e.c. · Wolverhampton
ActiveUnited KingdomIncorporated 1991Private Limited Company
Financial position
Accounts to 2025-11-30 · GBP · Company accounts
Net assets
£96,462,000
Cash
—
Turnover
£138,578,000
Profit / loss
£14,740,000
Current assets
£111,780,000
Creditors < 1 year
£41,554,000
Equity
£96,462,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-11-3012 months · Company · AI-read | 2024-11-30Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £96,462,000 | £118,675,000 |
| Equity | £96,462,000 | £118,675,000 |
| Share capital | £10,800,000 | £10,800,000 |
| Retained earnings | £85,662,000 | £107,875,000 |
| Assets | ||
| Fixed assets | £30,227,000 | £26,923,000 |
| Intangible assets | £1,248,000 | £1,248,000 |
| Property, plant & equipment | £28,745,000 | £25,380,000 |
| Investments | £10,000 | £10,000 |
| Current assets | £111,780,000 | £135,448,000 |
| Cash at bank | — | £3,000 |
| Debtors | £45,416,000 | £22,297,000 |
| Stock | £34,345,000 | £33,875,000 |
| Liabilities | ||
| Creditors within one year | £41,554,000 | £39,276,000 |
| Creditors after one year | £114,000 | £179,000 |
| Provisions | £3,877,000 | £4,241,000 |
| Net current assets | £70,226,000 | £96,172,000 |
| Assets less current liabilities | £100,453,000 | £123,095,000 |
| Profit & loss | ||
| Turnover | £138,578,000 | £114,229,000 |
| Cost of sales | £115,699,000 | £95,414,000 |
| Gross profit | £22,879,000 | £18,815,000 |
| Administrative expenses | £9,472,000 | £7,896,000 |
| Operating profit | £13,407,000 | £10,919,000 |
| Interest receivable | £34,375,000 | £36,602,000 |
| Interest payable | £31,499,000 | £34,721,000 |
| Profit before tax | £16,283,000 | £12,800,000 |
| Tax | £1,543,000 | £1,640,000 |
| Profit / loss | £14,740,000 | £11,160,000 |
| Operating costs | ||
| Depreciation | £3,357,000 | £2,997,000 |
| Audit fees | £72,000,000 | £52,000,000 |
| Research & development | £176,000 | £253,000 |
| People & pay | ||
| Staff costs | £33,536,000 | £28,389,000 |
| Highest paid director | £213,000 | £207,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-11-30 say about themselves, read by AI from the scanned filing.
- Principal activity
- The company’s principal activity during the year was the manufacture, design and service of heat exchangers and fluid management systems for the aerospace industry.
- What it does
- heat exchangers · fluid management systems · aerospace industry · manufacture · design · service (AI keywords)
- The year
- The financial position was satisfactory and the Directors expect that the present level of activity will be sustainable for the foreseeable future.
- Outlook
- The directors expect to see continued growth and development under RTX Corporation due to benefits derived from economies of scale.
- Auditor
- PricewaterhouseCoopers LLP · senior statutory auditor Matthew Mullins
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Keeney Hill Limited
- Ultimate parent
- RTX Corporation · United States of America
- Ultimate controlling party
- RTX Corporation
- Accounts
- Full accounts · FRS 101
- Approved
- 2026-08-06, signed by C Nicholson
Turnover by segment (12)
- Production: 137,764 (000s) (2025-11-30)
- Production: 113,967 (000s) (2024-11-30)
- Engineering: 814 (000s) (2025-11-30)
- Engineering: 262 (000s) (2024-11-30)
- United Kingdom: 12,667 (000s) (2025-11-30)
- United Kingdom: 9,594 (000s) (2024-11-30)
- Rest of Europe: 5,381 (000s) (2025-11-30)
- Rest of Europe: 6,774 (000s) (2024-11-30)
- North America: 116,105 (000s) (2025-11-30)
- North America: 95,192 (000s) (2024-11-30)
- Rest of the World: 4,425 (000s) (2025-11-30)
- Rest of the World: 2,669 (000s) (2024-11-30)
Share classes (1)
- 10,800,104 Ordinary shares of £1
Principal risks (6)
- competitive risk
- legislative risk
- foreign exchange risk
- credit risk
- liquidity risk
- interest rate risk
Events after the year end (1)
- There have been no significant changes since the balance sheet date.
Contingent liabilities (1)
- The company has provided a guarantee to HM Revenue and Customs for £1,074,000 (2024: £1,254,000) for import duties and value added tax.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.