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BRITISH MIDLAND REGIONAL LIMITED
C/O BDO LLP 2 ATLANTIC SQUARE, 31 YORK STREET, GLASGOW, G2 8NJCompany 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-2018Accounts 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 |
** 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) |
---|---|---|---|---|---|---|
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 - 5 | 2 (22.2%) | |
Active | Paul ROBERTS | 11 Dec 2014 | Finance Director | British | 1 - 1 | 2 (100.0%) | |
Resigned | Stephen William BOND | 01 Apr 2014 | 05 Aug 2015 | Director | British | 7 - 21 | 8 (28.6%) |
Resigned | David Andrew BOWDEN | 01 Nov 2012 | 24 Oct 2014 | Cfo | British | 1 - 4 | 3 (60.0%) |
Resigned | Cathal O'CONNELL | 01 Nov 2012 | 27 Feb 2015 | Ceo | Irish | 0 - 2 | 2 (100.0%) |
Resigned | Robert STURMAN | 01 Jun 2012 | 31 Oct 2012 | Director | British | 0 - 6 | 4 (66.7%) |
Resigned | Graeme ROSS | 31 May 2012 | 05 Aug 2015 | Director | British | 0 - 6 | 5 (83.3%) |
Resigned | Ian George WOODLEY | 31 May 2012 | 04 Oct 2016 | Director | British | 2 - 10 | 9 (75.0%) |
Resigned | Peter Anthony SIMPSON | 19 Apr 2012 | 31 May 2012 | None | British | 0 - 8 | 5 (62.5%) |
Resigned | Simone MENNE | 02 Sep 2010 | 23 May 2012 | Chief Financial Officer | German | 0 - 10 | 6 (60.0%) |
Resigned | Wolfgang PRCOK-SCHAUER | 11 Feb 2010 | 19 Apr 2012 | Chief Executive Officer | Austrian | 0 - 1 | 1 (100.0%) |
Resigned | Jorg Otto Gerhard HENNEMANN | 01 Jul 2009 | 19 Apr 2012 | Vice President Hub Development Capacity Management | German | 0 - 10 | 6 (60.0%) |
Resigned | Paul Geoffrey ALCOCK | 03 May 2007 | 28 Nov 2012 | Technical Director | British | 1 - 1 | 1 (50.0%) |
Resigned | Crawford RIX | 09 Dec 2002 | 18 May 2007 | Managing Director | British | 0 - 2 | 1 (50.0%) |
Resigned | Ian DAVIES | 09 Dec 2002 | 11 Jul 2006 | Technical Director | British | 0 - 1 | 1 (100.0%) |
Resigned | Alexander GRANT | 21 Nov 2001 | 18 Jan 2005 | Airline Manager | British | 0 - 4 | 2 (50.0%) |
Resigned | Stewart Andrew ADAMS | 26 Jan 2001 | 07 Jan 2011 | Service Director | British | 0 - 1 | 1 (100.0%) |
Resigned | Richard John HILL | 07 Sep 2000 | 30 Nov 2002 | Director, Flight Operations | British | 0 - 1 | 1 (100.0%) |
Resigned | David William REID | 07 Sep 2000 | 31 Dec 2001 | General Manager-Engineering | British | 0 - 1 | 1 (100.0%) |
Resigned | James Reginald HOGAN | 07 Sep 2000 | 01 Aug 2001 | Chief Operating Officer | Australian | 0 - 4 | 2 (50.0%) |
Resigned | Nigel Owen TURNER | 07 Sep 2000 | 02 Sep 2010 | Chief Executive Officer | British | 2 - 18 | 7 (35.0%) |
Resigned | William Adam HANTON | 07 Sep 2000 | 29 Dec 2010 | General Manager | British | 0 - 1 | 1 (100.0%) |
Resigned | Graham John William NORMAN | 03 Aug 1998 | 31 Aug 2001 | Commercial Director | British | 0 - 2 | 2 (100.0%) |
Resigned | Graeme ROSS | 03 Aug 1998 | 30 Nov 2002 | Airline Executive | British | 0 - 6 | 5 (83.3%) |
Resigned | Austin REID | 25 Apr 1996 | 25 Oct 2004 | Company Director | British | 0 - 16 | 7 (43.8%) |
Resigned | Michael David, Lord Glendonbrook Cbe BISHOP | 25 Apr 1996 | 01 Jul 2009 | Company Director | British | 1 - 32 | 16 (48.5%) |
Resigned | Terence Reginald Patrick LIDDIARD | 25 Apr 1996 | 31 Dec 1997 | Company Director | British | 0 - 5 | 3 (60.0%) |
Resigned | Clemens WIEGAND | 31 Jan 1996 | 31 Jan 1996 | Project Manager | German | 0 - 1 | 1 (100.0%) |
Resigned | Thomas HOFMANN | 28 Sep 1994 | 31 Jan 1996 | Company Director | Swiss | 0 - 1 | 1 (100.0%) |
Resigned | Peter HACH | 28 Sep 1994 | 31 Jan 1996 | Sr Vp Corporate Controlling | German | 0 - 1 | 1 (100.0%) |
Resigned | Wolfgang SCHMITZ | 28 Sep 1994 | 31 Jan 1996 | Sr Vp Europe | German | 0 - 1 | 1 (100.0%) |
Resigned | Friefrich Harald, Dr VON BOHLEN UND HALBACH | 04 Feb 1994 | 28 Sep 1994 | Consultant | German | 0 - 2 | 1 (50.0%) |
Resigned | Hans ROLLIN | 10 Aug 1990 | 31 Jan 1996 | Swiss | 0 - 1 | 1 (100.0%) | |
Resigned | Anthony James DUNCAN | 10 Aug 1990 | 25 Apr 1996 | Group Treasurer | British | 0 - 5 | 1 (20.0%) |
Resigned | Graeme ROSS | 28 Sep 1994 | Commercial Director | British | 0 - 6 | 5 (83.3%) | |
Resigned | Ian George WOODLEY | 24 Aug 1998 | Managing Director | British | 2 - 10 | 9 (75.0%) | |
Resigned | Andrew Culcheth HILL | 28 Sep 1994 | Company Director | British | 0 - 1 | 1 (100.0%) | |
Resigned | Michael John Alec HORNBLOWER | 12 Jan 1994 | Company Director | British | 0 - 2 | 1 (50.0%) |
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 | ||||
---|---|---|---|---|---|---|
2018-03-31 | 2017-03-31 | 2016-03-24 | 2015-05-31 | 2014-05-19 | ||
SECTOR AVIATION HOLDINGS LIMITED | ORDINARY | 20,550,000 100% | 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 |