BRITISH MIDLAND AIRWAYS LIMITED

WATERSIDE PO BOX 365, SPEEDBIRD WAY, HARMONDSWORTH, UB7 0GB

Company Number: 00464648
Incorporation date: 16-Feb-1949
Status: Active
Entity type: Private Limited Company

SIC codes:
77351 Renting and leasing of air passenger transport equipment





SUMMARY

This company is 75.2 years old and is currently active. It is controlled by British Midland Limited. The company has positive equity (net assets) of GBP 46.6 million which has increased from GBP 44.4 thousand in the previous year. The latest reported revenue figure is GBP 4.7 million which is down -60% on the previous year. The company has 2 active officers (directors or partners) who are or were officers of 20 other companies. The company has no public disputes filed on the Business Disputes Register. There are 3 court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: AUDIT EXEMPTION SUBSIDIARY (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 4,723,000 2,259,000 936,000
31-Dec-2018 GBP 10,600,000 -4,400,000 800,000 1,000,000
31-Dec-2017 GBP 2,900,000 400,000 300,000 700,000 23,000,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 94,000 118,849,000 81,050,000 13,088,000 33,521,000 46,609,000
31-Dec-2018 GBP 100,000 125,100,000 80,300,000 13,100,000 31,300,000 44,400,000
31-Dec-2017 GBP 146,100,000 84,900,000 13,100,000 34,800,000 47,900,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP -0.09% -12,000 13,100,000 13,088,000 12,997,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Andrew Ian FLEMING 11 Oct 2013 29 Mar 2024 1 - 0
Resigned Kulbinder Kaur DOSANJH 01 Jan 2013 11 Oct 2013 0 - 1
Resigned Alan Kerr BUCHANAN 19 Apr 2012 31 Dec 2012 0 - 1
Resigned Simone MENNE 02 Sep 2010 19 Apr 2012 0 - 1
Resigned Timothy John BYE 30 Jun 1998 31 Oct 2009 0 - 23
Resigned Stuart Frederick BALMFORTH 30 Jun 1998 0 - 28

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Thomas Alan HORWOOD 06 Jul 2022 Accountant British 11 - 00 (0.0%)
Resigned Nessa MC NEELA 19 Oct 2021 06 Jul 2022 Company Director Irish 0 - 110 (0.0%)
Active Sian Louise DAVIES 25 Apr 2017 Accountant British 7 - 50 (0.0%)
Resigned Simon PHILCOX 25 Apr 2017 19 Oct 2021 Accountant British 4 - 130 (0.0%)
Resigned Clifton DENLEY 25 May 2012 25 Apr 2017 Chartered Accountant American 0 - 70 (0.0%)
Resigned Lynne Louise EMBLETON 19 Apr 2012 25 Apr 2017 Airline Executive British 1 - 100 (0.0%)
Resigned Christopher Mark HAYNES 19 Apr 2012 29 Jan 2013 General Counsel British 0 - 50 (0.0%)
Resigned Peter Anthony SIMPSON 19 Apr 2012 13 Feb 2015 Airline General Manager British 4 - 52 (22.2%)
Resigned Nicholas SWIFT 19 Apr 2012 26 Feb 2016 Chief Financial Officer British 0 - 90 (0.0%)
Resigned Vagn Ove SORENSEN 07 Mar 2012 30 Mar 2012 Member Of The Board Danish 1 - 20 (0.0%)
Resigned Simone MENNE 02 Sep 2010 23 May 2012 Chief Financial Officer German 0 - 106 (60.0%)
Resigned Wolfgang PROCK-SCHAUER 01 Nov 2009 19 Apr 2012 Chief Executive Officer From 01.12.09 Austrian 0 - 74 (57.1%)
Resigned Jorg Otto Gerhard HENNEMANN 01 Jul 2009 19 Apr 2012 Vice President Hub Development & Capacity Manageme German 0 - 106 (60.0%)
Resigned Timothy John BYE 25 Oct 2004 31 Oct 2009 Deputy Chief Executive British 0 - 2313 (56.5%)
Resigned Nigel Owen TURNER 24 May 1999 19 Apr 2012 Chief Executive British 2 - 187 (35.0%)
Resigned James Reginald HOGAN 14 Apr 1999 01 Aug 2001 Chief Operating Officer Australian 0 - 42 (50.0%)
Resigned Austin REID 29 Oct 1997 25 Oct 2004 Director Of Companies British 0 - 167 (43.8%)
Resigned Michael David, Lord Glendonbrook Cbe BISHOP 25 Apr 1996 01 Jul 2009 Director Of Companies British 1 - 3216 (48.5%)
Resigned Gunnar REITAN 24 Nov 1994 19 Dec 2000 Executive Vice President & Cfo Norwegian 0 - 20 (0.0%)
Resigned Stuart Frederick BALMFORTH 31 Jul 2002 Director Of Companies British 0 - 2820 (71.4%)
Resigned Grahame Nicholas ELLIOTT 01 Jul 2009 Chartered Accountant British 1 - 3814 (35.9%)
Resigned Sven Arvid HEIDING 24 Nov 1994 Director Of Companies British 0 - 20 (0.0%)
Resigned Austin REID 25 Oct 2004 Director Of Companies British 0 - 167 (43.8%)
Resigned John Thomas WOLFE 31 Jul 2002 Director Of Companies British 0 - 128 (66.7%)
Resigned Michael David, Lord Glendonbrook Cbe BISHOP 01 Jul 2009 Director Of Companies British 1 - 3216 (48.5%)
Number of active directors: 2
Average tenure of active directors: 4.3 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
BRITISH AIRWAYS PENSION TRUSTEES LIMITED (00453632) - Active
BRITISH MIDLAND AIRWAYS LIMITED (00464648) - Active
BRITISH AIRWAYS ASSOCIATED COMPANIES LIMITED (00590083) - Active
BRITISH MIDLAND LIMITED (02107441) - Active
BRITISH AIRWAYS MAINTENANCE CARDIFF LIMITED (02204178) - Active
BRITISH MEDITERRANEAN AIRWAYS LIMITED (02524595) - Active
BRITISH AIRWAYS AVIONIC ENGINEERING LIMITED (02775232) - Active
BRITISH AIRWAYS INTERIOR ENGINEERING LIMITED (03109109) - Active
BMIBABY LIMITED (03259921) - Active
BRITAIR HOLDINGS LIMITED (03537574) - Active
BA AND AA HOLDINGS LIMITED (03840072) - Active
BRITISH AIRWAYS LEASING LIMITED (04150220) - Active
BRITISH AIRWAYS 777 LEASING LIMITED (04954270) - Active
BA EUROPEAN LIMITED (06346489) - Active
BA NUMBER ONE LIMITED (07988856) - Active
BRITISH AIRWAYS (BA) LIMITED (07990613) - Active
BEALINE PLC (08090752) - Active
IAG GBS LIMITED (09178027) - Active
NEW AIRWAYS PENSION SCHEME TRUSTEE LIMITED (10299954) - Active
AIRWAYS PENSION SCHEME TRUSTEE LIMITED (10300010) - Active
BA HOLDCO LIMITED (12278609) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-08-102014-08-102013-08-102012-08-10
BRITISH MIDLAND LIMITEDORDINARY13,087,700
100%
13,087,700
100%
13,087,700
100%
13,087,700
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2012-05-19
BRITISH MIDLAND AIRWAYS LIMITED100 ORDINARY164,909
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

BRITISH MIDLAND AIRWAYS LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2010-11-03 British Midland Airways Ltd v Hamed [2010] UKEAT 0292_10_0311 Disability Discrimination : Reasonable adjustments
2005-02-07 v erty v. British Midland Airways Ltd [2005] UKEAT 0684_04_0802
1999-07-08 v tish Midland Airways Ltd v. Floyd [1999] UKEAT 526_99_0807

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 77351 Renting and leasing of air passenger transport equipment)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
MACQUARIE AIRFINANCE ACQUISITIONS (UK) LIMITED 66 PRESCOT STREET, LONDON, E1 8NN 06767724 2018-03-31 102,842,000 19,594,000
MACQUARIE AEROSPACE FINANCE UK LIMITED 66 PRESCOT ST, LONDON, UNITED KINGDOM, E1 8NN 09458807 2018-03-31 11,858,462 21,515
PREMIAERO LIMITED 71-75 SHELTON STREET, COVENT GARDEN, LONDON, ENGLAND, WC2H 9JQ 09529290 2018-04-30 947,191 0
PB LEASING ACA (UK) LIMITED 1 PUTNEY HIGH STREET, LONDON, SW15 1SZ 08769902 2017-12-31 555,276 0
JT HELICOPTERS LIMITED WHITEHALL, OLD BURFORD ROAD, MINSTER LOVELL, OXON, OX29 0RU 05161150 2018-09-30 10,425 0
JL FLYING LIMITED JOHAN LILJEFORS, 1 WASHINGTON ROAD, LONDON, SW13 9BG 07477591 2018-12-31 7,589 0
YANKEE DELTA CORPORATION LIMITED MALDONS, PENDELL ROAD BLETCHINGLEY, REDHILL, SURREY, RH1 4QH 04263065 2018-08-31 32 0
'A' FLIGHT AVIATION LIMITED 130 MIRREN DRIVE, HARDGATE, CLYDEBANK, G81 6LD SC157855 2018-12-31 0 0
MACQUARIE AIRFINANCE HOLDINGS LIMITED 66 PRESCOT ST, LONDON, ENGLAND, E1 8NN 11179876 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
BRITISH MIDLAND AIRWAYS LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.4% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.4% 1.3% 3.0% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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