VERTICAL AEROSPACE GROUP LTD
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Cash
£762K
+124.8% vs 2024
Net assets
-£317M
-34.8% vs 2024
Employees
402
+20.7% vs 2024
Profit before tax
-£121M
-89.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The dependency on the Group being able to raise additional capital indicates that a material uncertainty exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) on the Company' ability to continue as a going concern and therefore the Company may be unable to realise the assets and discharge the liabilities in the normal course of business.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£61,166,000 | -£127,426,000 | -108.3% | |
| Profit before tax | -£64,074,000 | -£121,136,000 | -89.1% | |
| Net profit | -£64,074,000 | -£90,795,000 | -41.7% | |
| Cash | £339,000 | £762,000 | +124.8% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£235,447,000 | -£317,318,000 | -34.8% | |
| Equity | -£235,447,000 | -£317,318,000 | -34.8% | |
| Average employees | 333 | 402 | +20.7% | |
| Wages | £30,606,000 | £43,816,000 | +43.2% | |
| Directors' remuneration | £1,018,000 | £1,233,000 | +21.1% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 1093.5% | 987.2% | |
| Current ratio | 0.07x | 0.09x | |
| Interest cover | -20.95x | -656.84x |
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
- Material uncertainty disclosed
“The dependency on the Group being able to raise additional capital indicates that a material uncertainty exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) on the Company' ability to continue as a going concern and therefore the Company may be unable to realise the assets and discharge the liabilities in the normal course of business.”
Group structure
- VERTICAL AEROSPACE GROUP LTD · parent
- Vertical Aerospace France SAS 100%
- Vertical Aerospace North America LLC 100%
Significant events
- “On 23 February 2026, Vertical Aerospace Ltd (the parent Company) was named as defendants in a complaint filed by Archer Aviation Inc. in the U.S. District Court for the Eastern District of Texas, alleging infringement of Archer Aviation Inc.'s design and utility patents under the U.S. Patent Act (the "Complaint"). The Company believes that the asserted claims in the Complaint are without merit and intend to defend the allegations vigorously.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERMA, Sanjay | Secretary | 2022-09-20 | — | — |
| CERVENKA, Michael | Director | 2021-05-01 | Dec 1974 | British |
| SIMPSON, Stuart Campbell | Director | 2024-06-05 | Sep 1967 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASEY, Vincent Francis | Director | 2020-05-07 | 2023-08-03 |
| FITZPATRICK, Stephen James | Director | 2020-05-07 | 2025-01-30 |
| HOLT, Harry Arthur Blair | Director | 2022-09-20 | 2022-10-17 |
| WELCH, Stephen Hamilton | Director | 2024-11-11 | 2025-06-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vertical Aerospace Ltd | Corporate entity | Shares 75–100% | 2021-12-16 | Active |
| Mr Stephen James Fitzpatrick | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-05-07 | Ceased 2024-12-23 |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-09 | AA | accounts | Accounts with accounts type full | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-17 | AA | accounts | Accounts with accounts type full | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-22 | AA | accounts | Accounts with accounts type full | |
| 2022-11-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-09-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- 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.