Thurston Aviation Limited
Registered name: THURSTON AVIATION LIMITED
Part of Flexjet Operations Limited groupThurston Aviation Limited made £9m revenue and £895k profit in the year to 31 Dec 2025.
Thurston Aviation Limited’s revenue grew 66% to £9m in the year to 31 Dec 2025, with £895k profit and 24 employees. The company is classified under “repair and maintenance of aircraft and spacecraft” and is based in Farnborough; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Farnborough, South East
- Age
- 34 yrs · since 1992
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2023 | 30 Apr 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £5.4m | £9m |
| Cost of sales | — | — | −£4.4m | −£7m |
| Gross profit | — | — | £976k | £2m |
| Operating profit | — | — | £206k | £1.2m |
| Profit before tax | — | — | £204k | £1.2m |
| Profit after tax | — | — | £153k | £895k |
| Profit (best available) | — | — | £153k | £895k |
| Employees (average) | 27 | 30 | 29 | 24 |
| Ratios | ||||
| Profit margin | — | — | 2.8% | 10% |
| Gross margin | — | — | 18.1% | 22.5% |
| Revenue per employee | — | — | £186k | £374k |
| Profit per employee | — | — | £5.3k | £37.3k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲66.3% |
| Profit growth | — | — | — | ▲487% |
| Headcount growth | — | ▲11.1% | — | ▼17.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1m | £1.3m | — | — |
| Net assets | £2.7m | £3.3m | — | — |
| Fixed assets | £231k | £191k | — | — |
| Current assets | £3.6m | £4.6m | — | — |
| Debtors | £1.1m | £1.5m | — | — |
| Deferred income | £613k | £374k | — | — |
| Source | FilletedAccounts · bulk data Jan 2025 | FilletedAccounts · bulk data Jan 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 10%
- Profit ÷ revenue.
- Gross margin
- 22.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £374k
- Revenue ÷ average employees.
- Profit per employee
- £37.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼17%
- Now 24
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Flexjet Operations Limitedultimate parent75–100%
- Thurston Aviation Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Halo Aviation LtdRev. £10.3m · Profit −£3.5m
- Thurston Aviation Engineering LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Avocet Aviation LimitedSouthend on Sea · Repair and maintenance of aircraft and spacecraft
- Revenue
- £11.2m
- Profit
- £920k
- Staff
- 15
- Aeroco Group International LimitedStockport · Repair and maintenance of aircraft and spacecraft
- Revenue
- £5.6m
- Profit
- £282k
- Staff
- 75
- Kearsley Airways LimitedStansted · Repair and maintenance of aircraft and spacecraft
- Revenue
- £14.9m
- Profit
- £518k
- Staff
- 61
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £895k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.