Do you have a dispute with a business?
Make it public
MONARCH AIRLINES LIMITED
15 CANADA SQUARE, CANARY WHARF, LONDON, E14 5GLCompany Number: 00907593
Incorporation date: 05-Jun-1967
Status: In Administration
Entity type: Private Limited Company
SIC codes:
51101 Scheduled passenger air transport
SUMMARY
This company is 56.9 years old and is currently in administration. It is controlled by Monarch Holdings Limited. The company has negative equity (net assets) of GBP -312.8 million which has worsened since the previous year's figure of GBP -114.4 million. The latest reported revenue figure is GBP 558.7 million which is down -10% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -459.1 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. . 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: 31-Jul-2018Accounts Filed: GROUP (31-Oct-2016)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Oct-2016 | GBP | 558,685,000 | 13,219,000 | 339,000 | |||
| 31-Oct-2015 | GBP | 655,465,000 | 27,976,000 | 97,000 | 2,285,000 | 18,577,000 | 44,280,000 |
| 31-Oct-2014 | GBP | 764,401,000 | -205,582,000 | 327,000 | 4,810,000 | 16,434,000 | -193,693,000 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Oct-2016 | GBP | 101,406,000 | 247,228,000 | 478,613,000 | 76,000 | 140,812,000 | -459,075,000 | -312,756,000 | |
| 31-Oct-2015 | GBP | 39,334,000 | 253,843,000 | 155,000,000 | 76,000 | 20,100,000 | -134,495,000 | -114,395,000 | |
| 31-Oct-2014 | GBP | 1,954,000 | 229,604,000 | 126,035,000 | 25,596,000 | 20,100,000 | -178,372,000 | -158,272,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Oct-2016 | GBP | 85.73% | 120,712,000 | 20,100,000 | 140,812,000 | 10,162,000 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| unknown | Andrew LINGARD | 01 Jun 2015 | 16 Apr 2024 | 0 - 1 | ||
| Resigned | John MARRAY | 07 Feb 2012 | 10 Nov 2014 | 0 - 1 | ||
| Resigned | Geoffrey ATKINSON | 01 May 2002 | 06 Feb 2012 | 0 - 22 | ||
| Resigned | Alistair MOFFAT | 16 Feb 2002 | 30 Apr 2002 | Accountant | British | 5 - 36 |
| Resigned | Michael John ELLINGHAM | 16 Feb 2002 | 0 - 12 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Resigned? | Christopher John BENNETT | 04 Feb 2016 | Chief Financial Officer | British | 2 - 30 | 23 (71.9%) | |
| Resigned | Barry Graham Kirk NIGHTINGALE | 01 Jun 2015 | 28 Jan 2016 | Finance Director | British | 0 - 109 | 68 (62.4%) |
| Resigned? | Andrew John SWAFFIELD | 01 Apr 2014 | Managing Director | British | 1 - 30 | 15 (48.4%) | |
| Resigned | Keith Charles EARNDEN | 19 Feb 2014 | 01 Jun 2015 | Continued Airworthiness Management Director | British | 0 - 3 | 2 (66.7%) |
| Resigned | Adrian Gerrard Noel TIGHE | 17 Sep 2013 | 01 Jun 2015 | Director Of Commercial Partnerships & Business Dev | British | 0 - 4 | 2 (50.0%) |
| Resigned | Tim Christian WILLIAMSON | 17 Sep 2013 | 31 Oct 2014 | Director Of Customer Experience & Marketing | British | 2 - 7 | 1 (11.1%) |
| Resigned | Marisa BLASCO | 17 Sep 2013 | 01 Jun 2015 | Director Of Revenue & Network Development | Spanish | 0 - 1 | 1 (100.0%) |
| Resigned | David Iain RAWLINSON | 17 Sep 2013 | 18 Mar 2014 | Director | British | 10 - 28 | 12 (31.6%) |
| Resigned | Charley WALLACE | 25 Oct 2012 | 31 Oct 2013 | Customer Services Director | British | 0 - 2 | 2 (100.0%) |
| Resigned | Robert Michael PALMER | 24 Apr 2012 | 18 Jun 2012 | Finance Director | British | 1 - 7 | 5 (62.5%) |
| Resigned | Michael John ADAMS | 28 Feb 2012 | 19 Feb 2014 | Director | British | 0 - 8 | 4 (50.0%) |
| Resigned | Pauline Margaret PROW | 28 Feb 2012 | 01 Jun 2015 | Hr Director | British | 0 - 10 | 7 (70.0%) |
| Resigned | Jochen Franz SCHNADT | 28 Feb 2012 | 14 Apr 2013 | Commercial Director | Austrian | 0 - 1 | 1 (100.0%) |
| Resigned | Christopher John BENNETT | 14 Sep 2010 | 01 Jun 2015 | Finance Director | British | 2 - 30 | 23 (71.9%) |
| Resigned | Michael John SMITH | 01 Jul 2010 | 01 Jun 2015 | Fleet Asset Management & Industry Affairs | British | 0 - 5 | 2 (40.0%) |
| Resigned? | Nils CHRISTY | 01 Jul 2010 | Director Of Flight Operations | British | 0 - 1 | 1 (100.0%) | |
| Resigned | Simon Patrick TUCKER | 08 Mar 2010 | 16 Mar 2012 | Chartered Accountant | British | 3 - 14 | 10 (58.8%) |
| Resigned | David Iain RAWLINSON | 15 Oct 2009 | 01 Jan 2011 | Director | British | 10 - 28 | 12 (31.6%) |
| Resigned | Pauline Jean HOLROYD | 25 Mar 2008 | 09 Jun 2009 | H R Director | British | 0 - 2 | 1 (50.0%) |
| Resigned | Elizabeth Ann SAVAGE | 01 Feb 2007 | 29 Jan 2010 | Managing Director | British | 0 - 1 | 1 (100.0%) |
| Resigned | Kevin Alan GEORGE | 29 Jan 2007 | 08 Nov 2013 | Director | British | 0 - 4 | 3 (75.0%) |
| Resigned | Richard Christopher MINTERN | 01 Jul 2005 | 21 Jul 2011 | I T Director | British | 0 - 4 | 4 (100.0%) |
| Resigned | Timothy Andrew JEANS | 01 Nov 2004 | 07 Jan 2010 | Managing Director | British | 0 - 4 | 3 (75.0%) |
| Resigned | Alan Charles MURRAY | 31 Aug 2004 | 22 Oct 2010 | Director | British | 1 - 4 | 4 (80.0%) |
| Resigned | Norman Frank CREVEUL | 09 Jul 2004 | 31 Dec 2008 | Director | British | 0 - 7 | 7 (100.0%) |
| Resigned | Richard Christopher John SCOTT | 01 May 2003 | 09 May 2008 | Ops Director | British | 0 - 2 | 1 (50.0%) |
| Resigned | Alistair MOFFAT | 16 Feb 2002 | 30 Oct 2009 | Accountant | British | 5 - 36 | 22 (53.7%) |
| Resigned | Peter Richard BROWN | 01 May 2001 | 25 Mar 2010 | Company Director | British | 2 - 54 | 47 (83.9%) |
| Resigned | Jonathan CRICK | 11 May 2000 | 31 Jan 2006 | Director | British | 0 - 3 | 1 (33.3%) |
| Resigned | Michael John DOVEY | 01 May 1995 | 31 Jul 2005 | Company Director | British | 0 - 1 | 1 (100.0%) |
| Resigned | Michael POOLE | 01 May 1995 | 06 May 2008 | Company Director | British | 0 - 1 | 1 (100.0%) |
| Resigned | Daniel Lipman BERNSTEIN | 01 May 1994 | 31 Dec 2009 | Director | British | 0 - 26 | 16 (61.5%) |
| Resigned | Robert James KIRBY | 11 Jun 1991 | 09 Jul 2004 | Company Director | British | 0 - 5 | 5 (100.0%) |
| Resigned | Kenneth William Leslie FORD | 10 May 1993 | Director | British | 0 - 5 | 4 (80.0%) | |
| Resigned | Daniel Lipman BERNSTEIN | 31 Dec 2009 | Director | British | 0 - 26 | 16 (61.5%) | |
| Resigned | Sergio MANTEGAZZA | 31 Aug 1994 | Director | Swiss | 0 - 2 | 2 (100.0%) | |
| Resigned | Peter Charles DORRINGTON | 31 Mar 2002 | Director | British | 0 - 5 | 4 (80.0%) | |
| Resigned | Michael Carter MCKEE | 15 Nov 1996 | Director | British | 0 - 3 | 2 (66.7%) | |
| Resigned | Donald Diven MCANGUS | 31 Dec 2003 | Director | British | 0 - 9 | 7 (77.8%) |
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
No information on directors in other companies.
SHAREHOLDERS (BETA)
| Shareholder name | Share class | Shares at confirmation date | ||||
|---|---|---|---|---|---|---|
| 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2012-05-31 | ||
| MONARCH HOLDINGS LIMITED | ORDINARY | 100,000 100% | 100,000 100% | 100,000 100% | 100,000 100% | 0 0% |
| MONARCH HOLDINGS PLC | ORDINARY | 0 0% | 0 0% | 0 0% | 0 0% | 100,000 100% |
SHAREHOLDINGS (BETA)
| Company name | Share class | Shares at confimation date | ||||
|---|---|---|---|---|---|---|
| 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 | 2012-05-31 | ||
| MONARCH AIRLINES LIMITED | ORDINARY | 2 100% | 2 100% | 1 100% | 1 100% | 1 100% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MONARCH AIRLINES LIMITED
Controlled companies below
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 |
|---|---|---|---|
| 2019-07-01 | British Airline Pilots-? Association v Monarch Airlines Ltd (In Administration) and Secretary of State for Business, Energy and Industrial Strategy | [2019] UKET 3303070/2018 | Protective Award |
| 2017-11-22 | Monarch Airlines Ltd, R (on the application of) v Airport Coordination Ltd | [2017] EWCA Civ 1892 | |
| 2008-01-03 | Monarch Airlines Ltd v Webster | [2008] DRS 5213 |
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
51101 Scheduled passenger air transport)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| BRITISH AIRWAYS PLC | WATERSIDE, SPEEDBIRD WAY, HARMONDSWORTH, UNITED KINGDOM, UB7 0GB | 01777777 | 2018-12-31 | 13,021,000,000 | 2,091,000,000 |
51102-Non-scheduled passenger air transport 52230-Service activities incidental to air transportation 52242-Cargo handling for air transport activities |
| EASYJET AIRLINE COMPANY LIMITED | HANGAR 89 LONDON LUTON AIRPORT, LUTON, BEDFORDSHIRE, LU2 9PF | 03034606 | 2018-09-30 | 6,234,000,000 | 316,000,000 | |
| HEATHROW AIRPORT LIMITED | THE COMPASS CENTRE, NELSON ROAD, HOUNSLOW, MIDDLESEX, TW6 2GW | 01991017 | 2017-12-31 | 2,828,000,000 | 649,000,000 |
82990-Other business support service activities not elsewhere classified |
| JET2.COM LIMITED | LOW FARE FINDER HOUSE, LEEDS BRADFORD AIRPORT, YEADON, LEEDS, WEST YORKSHIRE, LS19 7TU | 02739537 | 2018-03-31 | 2,223,200,000 | 88,500,000 |
51102-Non-scheduled passenger air transport 51210-Freight air transport |
| VIRGIN ATLANTIC AIRWAYS LIMITED | COMPANY SECRETARIAT - THE VHQ, FLEMING WAY, CRAWLEY, WEST SUSSEX, UNITED KINGDOM, RH10 9DF | 01600117 | 2017-12-31 | 2,197,300,000 | -43,700,000 | |
| TUI AIRWAYS LIMITED | WIGMORE HOUSE, WIGMORE LANE, LUTON, BEDFORDSHIRE, UNITED KINGDOM, LU2 9TN | 00444359 | 2017-09-30 | 1,959,000,000 | 229,000,000 | |
| THOMAS COOK AIRLINES LIMITED | SHIP CANAL HOUSE 8TH FLOOR, 98 KING STREET, MANCHESTER, M2 4WU | 02012379 | 2017-09-30 | 1,150,341,000 | -31,109,000 | |
| BRITISH AIRWAYS HOLIDAYS LIMITED | WATERSIDE, SPEEDBIRD WAY, HARMONDSWORTH, UNITED KINGDOM, UB7 0GB | 00554278 | 2017-12-31 | 749,589,000 | 23,787,000 |
52230-Service activities incidental to air transportation |
| NATS (EN ROUTE) PUBLIC LIMITED COMPANY | 4000 PARKWAY, WHITELEY, FAREHAM, HAMPSHIRE, PO15 7FL | 04129273 | 2018-03-31 | 744,500,000 | 114,400,000 | |
| FLYBE LIMITED | 1 MORE LONDON PLACE, LONDON, SE1 2AF | 02769768 | 2018-03-31 | 732,000,000 | -12,500,000 | |
| NATS LIMITED | 4000 PARKWAY, WHITELEY, FAREHAM, HAMPSHIRE, PO15 7FL | 03155567 | 2018-03-31 | 485,400,000 | 57,000,000 | |
| BA CITYFLYER LIMITED | WATERSIDE, SPEEDBIRD WAY, HARMONDSWORTH, UNITED KINGDOM, UB7 0GB | 02571224 | 2017-12-31 | 235,603,000 | 17,221,000 | |
| NATS (SERVICES) LIMITED | 4000 PARKWAY, WHITELEY, FAREHAM, HAMPSHIRE, PO15 7FL | 04129270 | 2018-03-31 | 213,800,000 | 2,200,000 | |
| BIRMINGHAM AIRPORT LIMITED | DIAMOND HOUSE, BIRMINGHAM AIRPORT, BIRMINGHAM, WEST MIDLANDS, B26 3QJ | 02078273 | 2018-03-31 | 155,481,000 | 32,603,000 |
51102-Non-scheduled passenger air transport 51210-Freight air transport |
| GLASGOW AIRPORT LIMITED | ST ANDREWS DRIVE, GLASGOW AIRPORT, PAISLEY, PA3 2SW | SC096624 | 2017-12-31 | 121,888,000 | 74,466,000 | |
| BRISTOL AIRPORT LIMITED | LULSGATE HOUSE, BRISTOL AIRPORT, BRISTOL, UNITED KINGDOM, BS48 3DW | 02078692 | 2018-12-31 | 111,997,000 | 35,961,000 | |
| LONDON CITY AIRPORT LIMITED | LONDON CITY AIRPORT, CITY AVIATION HOUSE, ROYAL DOCKS, LONDON, E16 2PB | 01963361 | 2017-12-31 | 111,972,000 | 28,474,000 | |
| LOGANAIR LIMITED | LIGHTYEAR BUILDING 9 MARCHBURN DRIVE, GLASGOW AIRPORT, PAISLEY, RENFREWSHIRE, SCOTLAND, PA3 2SJ | SC170072 | 2018-03-31 | 110,650,000 | -7,367,000 |
51102-Non-scheduled passenger air transport 51210-Freight air transport |
| BRITISH MIDLAND REGIONAL LIMITED | C/O BDO LLP 2 ATLANTIC SQUARE, 31 YORK STREET, GLASGOW, G2 8NJ | SC104657 | 2017-03-31 | 79,301,000 | -4,063,000 |
51102-Non-scheduled passenger air transport 51210-Freight air transport |
| EASTERN AIRWAYS (UK) LIMITED | C/O BISSELL & BROWN CHARTER HOUSE, 56 HIGH STREET, SUTTON COLDFIELD, WEST MIDLANDS, UNITED KINGDOM, B72 1UJ | 03468489 | 2018-03-31 | 61,598,000 | -6,708,000 | |
| SHELL AIRCRAFT LIMITED | SHELL CENTRE, LONDON, SE1 7NA | 00602872 | 2017-12-31 | 57,319,000 | 677,000 | |
| ABERDEEN INTERNATIONAL AIRPORT LIMITED | ABERDEEN AIRPORT, DYCE, ABERDEEN, AB21 7DU | SC096622 | 2017-12-31 | 56,216,000 | 19,083,000 | |
| FLYBE AVIATION SERVICES LIMITED | MANOR FARM HOUSE, ECCLESDEN LANE, ANGMERING, WEST SUSSEX, ENGLAND, BN16 4DQ | 03951235 | 2018-03-31 | 50,100,000 | 3,100,000 | |
| MENZIES AVIATION (ASIG) LIMITED | 21-22 BLOOMSBURY SQUARE, LONDON, UNITED KINGDOM, WC1A 2NS | 01791709 | 2017-12-31 | 38,700,000 | 1,200,000 | |
| LEEDS BRADFORD AIRPORT LIMITED | LEEDS, LS19 7TU | 02065958 | 2018-03-31 | 31,488,000 | -3,862,000 | |
| MENTFIELD UK LIMITED | MONDIAL HOUSE, 2ND FLOOR 5 MONDIAL WAY, HARLINGTON, HAYES, ENGLAND, UB3 5AR | 05230331 | 2017-12-31 | 29,615,598 | 0 | |
| LONDON SOUTHEND AIRPORT COMPANY LIMITED | THIRD FLOOR, 15 STRATFORD PLACE, LONDON, ENGLAND, W1C 1BE | 02881745 | 2018-02-28 | 21,151,701 | -6,494,112 |
52103-Operation of warehousing and storage facilities for land transport activities 82990-Other business support service activities not elsewhere classified |
| MEHBOOB TRAVEL LIMITED | 261 HOE STREET, WALTHAMSTOW, LONDON, E17 9PT | 02601688 | 2018-03-31 | 1,092,377 | 0 | |
| WICKERS WORLD LTD | THE HAWTHORNS, TOLLDISH LANE, GREAT HAYWOOD, STAFFORD, STAFFORDSHIRE, ST18 0RA | 05379255 | 2018-03-31 | 599,158 | 0 | |
| PURE AVIATION LIMITED | BOLNEY PLACE COWFOLD ROAD, BOLNEY, HAYWARDS HEATH, WEST SUSSEX, ENGLAND, RH17 5QT | 03176207 | 2017-11-30 | 149,687 | 0 | |
| ANNA GLOBAL SERVICES LIMITED | 2 BRENTWICK GARDENS, BRENTFORD, UNITED KINGDOM, TW8 9QL | 10558392 | 2019-01-31 | 87,118 | 0 | |
| WINGTIP AVIATION SOLUTIONS LIMITED | 7 MASKELL WAY, MASKELL WAY, FARNBOROUGH, HANTS, ENGLAND, GU14 0PU | 10711372 | 2018-04-30 | 69,512 | 0 |
74909-Other professional, scientific and technical activities not elsewhere classified |
| THOMAS AUTOMOTIVE SOLUTIONS LIMITED | 2 THE PRECINCT, PORTHCAWL, WALES, CF36 3RF | 09768520 | 2018-08-31 | 52,140 | 0 | |
| EQUINOX BALLOONING LIMITED | 24 IMPERIAL ROAD, KNOWLE, BRISTOL, BS14 9ED | 08950854 | 2018-03-31 | 50,051 | 0 |
51102-Non-scheduled passenger air transport 93290-Other amusement and recreation activities not elsewhere classified 96090-Other service activities not elsewhere classified |
| ANDREW CREELMAN SERVICES LTD | 191 STATION ROAD, SHOTTS, LANARKSHIRE, ML7 4BA | SC448955 | 2018-04-30 | 0 | 0 | |
| ATLANTIC STAR AIRLINES LIMITED | ST GEORGE'S HOUSE, 6 ST GEORGE'S YARD, CASTLE STREET, FARNHAM, SURREY, GU9 7LW | 08300368 | 2018-03-31 | 0 | 0 | |
| BREEZE AVIATION LIMITED | 19 LONGFIELD DRIVE, LEEDS, WEST YORKSHIRE, ENGLAND, LS13 1JX | 06604436 | 2018-05-31 | 0 | 0 |
52230-Service activities incidental to air transportation 62012-Business and domestic software development |
| DANCOPTER UK LIMITED | INNOVATION CENTRE, WARWICK, CV34 6UW | 08121047 | 2017-12-31 | -25,409 | 0 | |
| ASIG HOLDINGS LIMITED | 21-22 BLOOMSBURY SQUARE, LONDON, UNITED KINGDOM, WC1A 2NS | 06541234 | 0000-00-00 | 0 | 0 | |
| EASTERN AIRWAYS (EUROPE) LIMITED | C/O BISSELL & BROWN CHARTER HOUSE, 56 HIGH STREET, SUTTON COLDFIELD, WEST MIDLANDS, UNITED KINGDOM, B72 1UJ | 03590808 | 0000-00-00 | 0 | 0 | |
| LHR AIRPORTS LIMITED | THE COMPASS CENTRE, NELSON ROAD, HOUNSLOW, MIDDLESEX, TW6 2GW | 01970855 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is In Administration. Statistically, such companies have a VERY HIGH 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 |
|---|---|---|---|---|
| Company status | 99.8% | 99.8% | 99.4% | High |
| 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 | 0.6% | 1.5% | 2.5% | Medium |
| Accounting Month | 0.6% | 4.4% | 12.0% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
