BRITISH MIDLAND REGIONAL LIMITED

C/O BDO LLP 2 ATLANTIC SQUARE, 31 YORK STREET, GLASGOW, G2 8NJ

Company Number: SC104657
Incorporation date: 14-May-1987
Status: In Administration
Entity type: Private Limited Company

SIC codes:
51101 Scheduled passenger air transport
51102 Non-scheduled passenger air transport
51210 Freight air transport



SUMMARY

This company is 36.9 years old and is currently in administration. It is controlled by Sector Aviation Holdings Limited. The company has positive equity (net assets) of GBP 5.1 thousand which has increased from GBP 3.5 thousand in the previous year. The latest reported revenue figure is GBP 79.3 thousand which is down -100% on the previous year. Retained earnings is negative (GBP -44.9 thousand), 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 2 active officers (directors or partners) who are or were officers of 9 other companies, 2 (22.2%) 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: 31-Dec-2018
Accounts Filed: FULL (31-Mar-2017)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2017 GBP 79,301 -4,997 931 -4,063
31-Mar-2016 GBP 71,607,000 -1,804,000 1,089,000 -714,000
31-Mar-2015 GBP 68,833,000 -7,497,000 4,000 -7,493,000
31-Mar-2014 GBP 66,933,000 -11,854,000 373,000 -11,481,000
31-Mar-2013 GBP


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2017 GBP 5,100 21,694 25,849 19,750 29,357 -44,937 5,103
31-Mar-2016 GBP 4,931,000 16,569,000 22,062,000 14,350,000 29,357,000 -40,874,000 3,476,000
31-Mar-2015 GBP 4,359,000 11,154,000 19,781,000 5,165,000 29,357,000 -36,787,000 -2,265,000
31-Mar-2014 GBP 2,942,000 14,840,000 18,347,000 4,165,000 26,357,000 -29,294,000
31-Mar-2013 GBP 6,435,000 165,000 13,107,000 -17,813,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2017 GBP -72,558.23% -43,657,893 43,718,062 60,169 19,421,066
31-Mar-2016 GBP 64.01% 9,185,000 5,165,000 14,350,000 5,112,500
31-Mar-2015 GBP 19.36% 4,000,000 16,660,000 20,660,000 15,009,500
31-Mar-2014 GBP 96.04% 17,250,000 711,563 17,961,563 4,648,063
* 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)
Resigned David BOWDEN 01 Nov 2012 24 Oct 2014 0 - 1
Resigned Timothy John BYE 24 Aug 1998 31 Oct 2009 0 - 23
Resigned Roy ROXBURGH 30 Nov 1990 24 Aug 1998 1 - 53
Resigned BURNETT & REID 30 Nov 1990 9 - 156

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Peter Anthony SIMPSON 02 Mar 2015 Chief Executive British 4 - 52 (22.2%)
Active Paul ROBERTS 11 Dec 2014 Finance Director British 1 - 12 (100.0%)
Resigned Stephen William BOND 01 Apr 2014 05 Aug 2015 Director British 7 - 218 (28.6%)
Resigned David Andrew BOWDEN 01 Nov 2012 24 Oct 2014 Cfo British 1 - 43 (60.0%)
Resigned Cathal O'CONNELL 01 Nov 2012 27 Feb 2015 Ceo Irish 0 - 22 (100.0%)
Resigned Robert STURMAN 01 Jun 2012 31 Oct 2012 Director British 0 - 64 (66.7%)
Resigned Graeme ROSS 31 May 2012 05 Aug 2015 Director British 0 - 65 (83.3%)
Resigned Ian George WOODLEY 31 May 2012 04 Oct 2016 Director British 2 - 109 (75.0%)
Resigned Peter Anthony SIMPSON 19 Apr 2012 31 May 2012 None British 0 - 85 (62.5%)
Resigned Simone MENNE 02 Sep 2010 23 May 2012 Chief Financial Officer German 0 - 106 (60.0%)
Resigned Wolfgang PRCOK-SCHAUER 11 Feb 2010 19 Apr 2012 Chief Executive Officer Austrian 0 - 11 (100.0%)
Resigned Jorg Otto Gerhard HENNEMANN 01 Jul 2009 19 Apr 2012 Vice President Hub Development Capacity Management German 0 - 106 (60.0%)
Resigned Paul Geoffrey ALCOCK 03 May 2007 28 Nov 2012 Technical Director British 1 - 11 (50.0%)
Resigned Crawford RIX 09 Dec 2002 18 May 2007 Managing Director British 0 - 21 (50.0%)
Resigned Ian DAVIES 09 Dec 2002 11 Jul 2006 Technical Director British 0 - 11 (100.0%)
Resigned Alexander GRANT 21 Nov 2001 18 Jan 2005 Airline Manager British 0 - 42 (50.0%)
Resigned Stewart Andrew ADAMS 26 Jan 2001 07 Jan 2011 Service Director British 0 - 11 (100.0%)
Resigned Richard John HILL 07 Sep 2000 30 Nov 2002 Director, Flight Operations British 0 - 11 (100.0%)
Resigned David William REID 07 Sep 2000 31 Dec 2001 General Manager-Engineering British 0 - 11 (100.0%)
Resigned James Reginald HOGAN 07 Sep 2000 01 Aug 2001 Chief Operating Officer Australian 0 - 42 (50.0%)
Resigned Nigel Owen TURNER 07 Sep 2000 02 Sep 2010 Chief Executive Officer British 2 - 187 (35.0%)
Resigned William Adam HANTON 07 Sep 2000 29 Dec 2010 General Manager British 0 - 11 (100.0%)
Resigned Graham John William NORMAN 03 Aug 1998 31 Aug 2001 Commercial Director British 0 - 22 (100.0%)
Resigned Graeme ROSS 03 Aug 1998 30 Nov 2002 Airline Executive British 0 - 65 (83.3%)
Resigned Austin REID 25 Apr 1996 25 Oct 2004 Company Director British 0 - 167 (43.8%)
Resigned Michael David, Lord Glendonbrook Cbe BISHOP 25 Apr 1996 01 Jul 2009 Company Director British 1 - 3216 (48.5%)
Resigned Terence Reginald Patrick LIDDIARD 25 Apr 1996 31 Dec 1997 Company Director British 0 - 53 (60.0%)
Resigned Clemens WIEGAND 31 Jan 1996 31 Jan 1996 Project Manager German 0 - 11 (100.0%)
Resigned Thomas HOFMANN 28 Sep 1994 31 Jan 1996 Company Director Swiss 0 - 11 (100.0%)
Resigned Peter HACH 28 Sep 1994 31 Jan 1996 Sr Vp Corporate Controlling German 0 - 11 (100.0%)
Resigned Wolfgang SCHMITZ 28 Sep 1994 31 Jan 1996 Sr Vp Europe German 0 - 11 (100.0%)
Resigned Friefrich Harald, Dr VON BOHLEN UND HALBACH 04 Feb 1994 28 Sep 1994 Consultant German 0 - 21 (50.0%)
Resigned Hans ROLLIN 10 Aug 1990 31 Jan 1996 Swiss 0 - 11 (100.0%)
Resigned Anthony James DUNCAN 10 Aug 1990 25 Apr 1996 Group Treasurer British 0 - 51 (20.0%)
Resigned Graeme ROSS 28 Sep 1994 Commercial Director British 0 - 65 (83.3%)
Resigned Ian George WOODLEY 24 Aug 1998 Managing Director British 2 - 109 (75.0%)
Resigned Andrew Culcheth HILL 28 Sep 1994 Company Director British 0 - 11 (100.0%)
Resigned Michael John Alec HORNBLOWER 12 Jan 1994 Company Director British 0 - 21 (50.0%)
Number of active directors: 2
Average tenure of active directors: 9.2 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 61.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
BRITISH MIDLAND AIRWAYS LIMITED (00464648) - Active
BRITISH MIDLAND LIMITED (02107441) - Active
BRITISH MEDITERRANEAN AIRWAYS LIMITED (02524595) - Active
BA CITYFLYER LIMITED (02571224) - Active
BMIBABY LIMITED (03259921) - Active
SECTOR AVIATION HOLDINGS LIMITED (07930604) - Liquidation
SECTOR AIRCRAFT LEASING LIMITED (08054634) - Liquidation
AIRLINE INVESTMENTS LIMITED (08151808) - Active
BRITISH MIDLAND REGIONAL LIMITED (SC104657) - In Administration
LOGANAIR LIMITED (SC170072) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-03-312017-03-312016-03-242015-05-312014-05-19
SECTOR AVIATION HOLDINGS LIMITEDORDINARY20,550,000
100%
19,750,000
100%
14,350,000
100%
5,164,909
100%
4,164,909
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

BRITISH MIDLAND REGIONAL 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
2018-04-01 2018-09-30 26 4% 36% 7675


COURT CASES


Date Title Reference Subject
2017-11-14 Mr A Ray v British Midland Regional Ltd [2017] UKET 2600031/2017 Disability Discrimination
2017-06-30 Mrs D Stewart v British Midland Regional Ltd [2017] UKET 4100944/2016 Breach of Contract : Sex Discrimination : Unfair Dismissal
2017-05-15 Mr J Mountain v British Midland Regional Ltd: [2017] UKET 2600164/2017 Breach of Contract : Unlawful Deduction from Wages

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. 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 0.3% 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 0.8% 4.4% 8.7% Medium
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