Marshall Of Cambridge Aerospace Limited
Manufacture of air and spacecraft and related machinery · Cambridge
ActiveUnited KingdomIncorporated 1930Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£53,622,000
Cash
£697,000
Turnover
£130,729,000
Profit / loss
£19,740,000
Current assets
£77,433,000
Creditors < 1 year
£71,020,000
Equity
£53,622,000
Average employees
786
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 | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £53,622,000 | £55,835,000 |
| Equity | £53,622,000 | £55,835,000 |
| Share capital | £12,000,000 | £12,000,000 |
| Retained earnings | £40,843,000 | £44,103,000 |
| Assets | ||
| Fixed assets | £48,348,000 | £38,405,000 |
| Intangible assets | £3,107,000 | £3,681,000 |
| Property, plant & equipment | £26,229,000 | £30,374,000 |
| Investments | £19,012,000 | £4,350,000 |
| Current assets | £77,433,000 | £88,462,000 |
| Cash at bank | £697,000 | £9,242,000 |
| Debtors | £61,108,000 | £65,846,000 |
| Stock | £15,628,000 | £13,374,000 |
| Liabilities | ||
| Creditors within one year | £71,020,000 | £65,722,000 |
| Provisions | £1,139,000 | £5,310,000 |
| Net current assets | £6,413,000 | £22,740,000 |
| Assets less current liabilities | £54,761,000 | £61,145,000 |
| Profit & loss | ||
| Turnover | £130,729,000 | £144,447,000 |
| Cost of sales | £77,654,000 | £108,649,000 |
| Gross profit | £53,075,000 | £35,798,000 |
| Administrative expenses | £41,243,000 | £39,234,000 |
| Other operating income | £1,292,000 | £670,000 |
| Operating profit | £20,466,000 | −£14,891,000 |
| Interest receivable | £124,000 | £369,000 |
| Interest payable | £535,000 | £127,000 |
| Profit before tax | £20,055,000 | −£14,649,000 |
| Tax | £315,000 | −£4,277,000 |
| Profit / loss | £19,740,000 | −£10,372,000 |
| Operating costs | ||
| Depreciation | £3,875,000 | £4,369,000 |
| Amortisation | £1,304,000 | £1,943,000 |
| Operating lease charges | £243,000 | £418,000 |
| Audit fees | £550,000 | £600,000 |
| Government grants | £1,075,000 | £414,000 |
| People & pay | ||
| Average employees | 786 | 919 |
| Staff costs | £52,909,000 | £62,171,000 |
| Wages & salaries | £44,312,000 | £53,039,000 |
| Social security costs | £3,325,000 | £5,452,000 |
| Pension costs | £5,272,000 | £3,680,000 |
| Directors' remuneration | £573,000 | £504,000 |
| Highest paid director | £562,000 | £239,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Going concern
- The auditor reported a material uncertainty about going concern
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Marshall ADG Limited
- Ultimate parent
- Marshall of Cambridge (Holdings) Limited
- Ultimate controlling party
- Marshall of Cambridge (Holdings) Limited
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-09-14, signed by T. R. Eccles
Subsidiaries (4)
- Aeroacademy Limited · 100 · Control Building, The Airport, Cambridge, CB5 8Rx; England and Wales
- Marshall Middle East Limited · 100 · Control Building, The Airport, Cambridge, CB5 8RX; England and Wales
- Marshall Aerospace & Defence France SAS · 100 · 6 Place De La Madeleine, 75008, Paris; France
- Marshall USA LLC · 100 · 1209 Orange Street, City of Wilmington, Delaware, 19801, USA
Turnover by segment (7)
- United Kingdom: 32,295 (000s) (2025-12-31)
- Rest of Europe: 27,429 (000s) (2025-12-31)
- North America: 51,447 (000s) (2025-12-31)
- Rest of World: 19,558 (000s) (2025-12-31)
- Military Aerospace: 106,266 (000s) (2025-12-31)
- Advanced Manufacturing Solutions: 24,079 (000s) (2025-12-31)
- Other: 384 (000s) (2025-12-31)
Borrowings (2)
- Revolving credit facility · £20,000,000 · SONIA plus a margin of 3.95% · Repayable in full in December 2026 · secured on Secured by a fixed and floating charge over the Group’s assets
- Overdraft facilities · £15,000,000 and £3,000,000
Share classes (1)
- 12,000,000 Ordinary of £1 each
Events after the year end (1)
- In September 2026, the Company's ultimate parent undertaking Marshall of Cambridge (Holdings) Limited reached an agreement to sell the Company and its subsidiaries to Aurelius V UK Acquico Twenty Two Limited subject to regulatory approvals; as of the date of the report, the sale had not yet completed.
Contingent liabilities (2)
- The company has given various guarantees to its bankers mainly in relation to performance bonds, which at the year-end amounted to £21,420,000 (2024: £4,733,426); the company does not anticipate making any payments in relation to these performance bonds.
- The Company has a number of contracts with customers and suppliers and from time to time is involved in disputes and litigation arising in the course of normal trading; no material claims exist at the balance sheet date (2024: Nil).
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
4 outstanding chargesAll Assets · created 2025-11-20
—
OutstandingFloating · created 2025-07-02
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OutstandingAll Assets · created 2024-06-10
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OutstandingAll Assets · created 2024-06-10
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OutstandingShow 4 satisfied / released
Property · created 1941-10-30 · satisfied 1986-10-23
All monies
SatisfiedProperty · created 1941-10-30 · satisfied 1999-02-26
All monies
SatisfiedProperty · created 1941-10-30 · satisfied 1999-07-26
All monies
SatisfiedProperty · created 1941-10-30 · satisfied 1999-07-26
All monies
Satisfied