FBE REALISATIONS 2021 LIMITED

1 MORE LONDON PLACE, LONDON, SE1 2AF

Previous name: FLYBE LIMITED (changed on 06-Apr-2021)
Previous name: JERSEY EUROPEAN AIRWAYS (UK) LTD (changed on 01-Dec-2005)

Company Number: 02769768
Incorporation date: 01-Dec-1992
Status: In Administration/Administrative Receive
Entity type: Private Limited Company

SIC codes:
51101 Scheduled passenger air transport





SUMMARY

This company is 31.3 years old and is currently in administration/administrative receive. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -92 million which has worsened since the previous year's figure of GBP 0. The latest reported revenue figure is GBP 5 millionThe company has 1 active officers (directors or partners) who are or were officers of 13 other companies, 1 (7.7%) of which have since been dissolved or are proposed for strike off. 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: 04-Apr-2020
Accounts Filed: FULL (31-Mar-2018)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2018 GBP 5,000,000 8,000,000 1,000,000
31-Mar-2017 GBP -5,800,000 5,000,000
31-Mar-2016 GBP 600,900,000 3,800,000 2,800,000 -4,200,000
31-Mar-2015 GBP 563,000,000 -17,700,000
31-Mar-2014 GBP 2,000,000 3,600,000 2,100,000
31-Mar-2013 GBP 614,300,000 -25,000,000 5,100,000 -43,700,000
31-Mar-2012 GBP 615,300,000 3,400,000 200,000 -2,500,000 -5,700,000
31-Mar-2011 GBP 595,500,000 -1,300,000 300,000 2,500,000 5,000,000 1,900,000
31-Mar-2010 GBP 570,600,000 4,200,000 200,000 1,400,000 1,300,000 4,800,000
31-Mar-2009 GBP 1,758,000 4,167,000 2,100,000 -16,283,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2018 GBP 26,000,000 -92,000,000
31-Mar-2017 GBP 115,100,000 251,700,000 421,900,000 13,700,000
31-Mar-2016 GBP 1,000,000 1,000,000
31-Mar-2015 GBP 195,800,000 370,700,000 1,000,000 -17,700,000 1,000,000
31-Mar-2014 GBP 218,400,000 379,600,000 1,000,000 15,400,000 9,700,000
31-Mar-2013 GBP 54,700,000 219,800,000 1,000,000 -37,300,000
31-Mar-2012 GBP 67,600,000 243,000,000 241,600,000 68,300,000 1,000,000 6,600,000 1,100,000
31-Mar-2011 GBP 105,500,000 261,400,000 240,100,000 47,700,000 1,000,000 12,700,000 29,400,000
31-Mar-2010 GBP 62,100,000 178,900,000 250,900,000 47,500,000 1,000,000 -73,000,000 -72,000,000
31-Mar-2009 GBP 56,592,000 190,109,000 265,167,000 49,239,000 1,000,000 -73,113,000 18,114,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2018 GBP 100.00% 26,000,000 0 26,000,000 -37,700,000
31-Mar-2017 GBP inf% -1,000,000 1,000,000 0 -50,200,000
* 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 Catherine LEDGER 04 Jan 2016 29 Mar 2024 1 - 0
Resigned Kevin Frederick BODLEY 31 May 2015 04 Jan 2016 0 - 1
Resigned Annelie Kathleen CARVER 23 Jun 2014 31 May 2015 0 - 1
Resigned Robert Andrew KNUCKEY 07 Mar 2014 23 Jun 2014 0 - 1
Resigned Christopher Edward SIMPSON 31 Mar 2010 07 Mar 2014 0 - 1
Resigned Robert Andrew KNUCKEY 04 Apr 2007 31 Mar 2010 Chartered Accountant British 2 - 46
Resigned Christopher Edward SIMPSON 02 Oct 2003 04 Apr 2007 0 - 42
Resigned Paul Gregory Tyler NEILSON 04 Oct 2001 02 Oct 2003 Accountant British 2 - 48
Resigned Edwin David QUICK 01 Dec 1992 04 Oct 2001 0 - 18

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Mark Michael Charles ANDERSON 08 Jul 2019 Director British 1 - 132 (14.3%)
Resigned Graeme BUCHANAN 08 Jul 2019 09 Mar 2020 Director British 3 - 41 (14.3%)
Resigned Graeme BUCHANAN 08 Jul 2019 09 Mar 2020 Director British 1 - 31 (25.0%)
Resigned Jonathan PEACHEY 21 Feb 2019 08 Jul 2019 Director British 0 - 11 (100.0%)
Resigned Ian Richard MILNE 02 Nov 2017 08 Jul 2019 Chief Financial Officer British 2 - 101 (8.3%)
Resigned Christine Jeanne Henriette OURMIERES-WIDENER 16 Jan 2017 08 Jul 2019 Director French 0 - 31 (33.3%)
Resigned Philip Joachim DE KLERK 19 Aug 2014 30 Sep 2017 Chief Financial Officer Dutch 0 - 3618 (50.0%)
Resigned Saad Hassan HAMMAD 08 Aug 2013 26 Oct 2016 Ceo British 0 - 3626 (72.2%)
Resigned Michael RUTTER 04 Apr 2007 20 Sep 2013 Director British 0 - 32 (66.7%)
Resigned Robert Andrew KNUCKEY 04 Apr 2007 01 Aug 2014 Chartered Accountant British 2 - 4638 (79.2%)
Resigned Mark John Hardwick CHOWN 23 Feb 2005 19 Sep 2013 Accountant British 2 - 1413 (81.3%)
Resigned Christopher Edward SIMPSON 02 Oct 2003 04 Apr 2007 Company Director British 0 - 4234 (81.0%)
Resigned Michael Edward WOOD 19 Mar 2003 28 Sep 2005 Director British 0 - 21 (50.0%)
Resigned Andrew James STRONG 19 Mar 2003 16 Sep 2013 Engineer British 1 - 31 (25.0%)
Resigned Simon John NEWTON-CHANCE 24 Apr 2002 03 Mar 2006 Engineering Director British 4 - 118 (53.3%)
Resigned Paul Gregory Tyler NEILSON 04 Oct 2001 02 Oct 2003 Accountant British 2 - 4837 (74.0%)
Resigned Robert THOMAS 05 Feb 2000 10 Sep 2001 Director British 0 - 53 (60.0%)
Resigned Stuart CARSON 28 Sep 1998 31 Jan 2000 Finance Director British 0 - 219 (42.9%)
Resigned Mark John Hardwick CHOWN 18 Dec 1996 28 Jul 1998 Chartered Accountant British 0 - 44 (100.0%)
Resigned Alan, Captain COTTLE 01 Sep 1994 31 Mar 1998 Operations Director British 0 - 21 (50.0%)
Resigned David Michael BROWN 15 Jul 1994 08 Jul 2010 Director British 1 - 3417 (48.6%)
Resigned Simon John NEWTON-CHANCE 17 Mar 1994 05 Feb 2000 Technical Director British 4 - 118 (53.3%)
Resigned Edwin David QUICK 01 Dec 1992 03 Mar 2006 Director British 0 - 1813 (72.2%)
Resigned Jack WALKER 01 Dec 1992 17 Aug 2000 Chairman British 0 - 64 (66.7%)
Resigned Donald Lawrence BEATTIE 01 Dec 1992 20 Oct 1994 Operations Director British 0 - 31 (33.3%)
Resigned COMBINED NOMINEES LIMITED 01 Dec 1992 01 Dec 1992 0 - 65622730 (41.6%)
Resigned James FRENCH 01 Dec 1992 08 Aug 2013 Chief Executive Officer British 3 - 3426 (70.3%)
Resigned Trefor Glynn JONES 01 Dec 1992 14 Jan 1994 Company Managing Director British 0 - 75 (71.4%)
Resigned Michael ROBINSON 01 Dec 1992 14 Jan 1994 Company Director British 0 - 65 (83.3%)
Resigned Barry PERROTT 01 Dec 1992 05 Dec 2001 Managing Director British 0 - 1410 (71.4%)
Resigned COMBINED SECRETARIAL SERVICES LIMITED 01 Dec 1992 01 Dec 1992 0 - 119084937 (41.5%)
Number of active directors: 1
Average tenure of active directors: 4.7 years
Average tenure of resigned directors: 4.7 years
Average active director Dissolution Rate: 14.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
FLYBE GROUP PLC (01373432) - Active
VIRGIN ATLANTIC AIRWAYS LIMITED (01600117) - Active
VIRGIN HOLIDAYS LIMITED (01873815) - Active
VIRGIN TRAVEL GROUP LIMITED (02274332) - Active
VA CARGO LIMITED (02645535) - Active
FBE REALISATIONS 2021 LIMITED (02769768) - In Administration/Administrative Receive
VIRGIN ATLANTIC TWO LIMITED (03552500) - Active
VIRGLEASE (3) LIMITED (03791307) - Active
AAG DS LIMITED (03951235) - Active
FLYBE.COM LIMITED (04252085) - Active
VIRGIN ATLANTIC LIMITED (08867781) - Active
VIRGIN ATLANTIC INTERNATIONAL LIMITED (09539561) - Active
VAA HOLDINGS UK LIMITED (09744818) - Active
CONNECT AIRWAYS LIMITED (11732177) - Dissolved

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-12-012015-12-012014-12-012013-12-012012-12-01
CONNECT AIRWAYS LIMITEDORDINARY1,000,000
100%
0
0%
0
0%
0
0%
0
0%
FLY BE GROUP PLCORDINARY0
0%
1,000,000
100%
1,000,000
100%
1,000,000
100%
1,000,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

FBE REALISATIONS 2021 LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2019-04-01 2019-09-30 30 9% 76% 23623
2018-10-01 2019-03-31 35 10% 78% 15263
2018-04-01 2018-09-30 36 11% 73% 7691


COURT CASES


Date Title Reference Subject
2019-03-12 Mrs S Jones v Flybe Ltd [2019] UKET 1400154/2019 Sex Discrimination
2018-10-08 Miss S Veasey v Flybe Ltd [2018] UKET 1304017/2018 Breach of Contract
2017-09-11 Mr G Moore v Flybe Ltd T/a Flybe [2017] UKET 1400797/2017 Breach of Contract

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, PO BOX 365, HARMONDSWORTH, 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 HBB3 PO BOX 365, HARMONDSWORTH, WEST DRAYTON, 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 PO BOX 365, HARMONDSWORTH WEST DRAYTON, MIDDLESEX, 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/Administrative Receive. 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 0.7% 3.6% 7.1% High
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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