Turner Aviation Limited
Registered name: TURNER AVIATION LIMITED
Part of Vse Corporation groupTurner Aviation Limited made £3.1m profit in the year to 31 Dec 2025 (revenue not disclosed).
Turner Aviation Limited reported £3.1m profit in the year to 31 Dec 2025; its revenue was not disclosed. It had 53 employees. The company is classified under “repair and maintenance of aircraft and spacecraft” and is based in Glasgow; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 59 yrs · since 1967
- 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. From the filing: “During the period, on 9 July 2025, Turner Aviation was acquired by Precision Aviation Group, Inc. (PAG) resulting in a change of ownership. The company's immediate parent company is now PAG UK Holding”
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Profit only |
| Profit & loss | |||
| Revenue (turnover) | £15.7m | £17.6m | — |
| Cost of sales | £8m | £8.9m | — |
| Gross profit | £7.7m | £8.8m | — |
| Operating profit | £5m | £5.6m | — |
| Profit before tax | £5m | £5.6m | £4.1m |
| Profit after tax | £3.8m | £4.2m | £3.1m |
| Profit (best available) | £3.8m | £4.2m | £3.1m |
| Staff costs | £2.3m | £2.5m | £2m |
| Employees (average) | 47 | 54 | 53 |
| Ratios | |||
| Profit margin | 23.9% | 24% | — |
| Gross margin | 48.8% | 49.6% | — |
| Revenue per employee | £334k | £326k | — |
| Profit per employee | £80k | £78.2k | £58.3k |
| Cash conversion | — | −105.9% | — |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.3% | — |
| Profit growth | — | ▲12.3% | — |
| Headcount growth | — | ▲14.9% | — |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.5m | £1.4m | £718k |
| Net assets | £6m | £5.7m | £8.8m |
| Fixed assets | £187k | £391k | £407k |
| Current assets | £7.5m | £7.3m | — |
| Debtors | £2m | £1.7m | £2.1m |
| Deferred income | £682k | £888k | £1.3m |
| Cash from operations | — | −£6m | −£684k |
| Source | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £58.3k
- 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 £8.8m
- Cash at bank
- —
- Now £718k
- Headcount
- —
- Now 53
- Deferred income
- —
- Now £1.3m
- Fixed assets
- —
- Now £407k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Vse Corporation (registered outside the UK register)ultimate parent75–100%
- Pag UK Holdings Ltd75–100%
- Turner Aviation Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £3.1m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.