AIRPLUS INTERNATIONAL LIMITED
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Cash
£2.1m
-24% lowest in 3 filed years
Net assets
£11m
+110.3% vs 2024
Employees
30
-26.8% lowest in 3 filed years
Profit before tax
£7.2m
+720.4% highest in 3 filed years
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,795,189 | £23,866,498 | £25,258,149 | +5.8% | |
| Operating profit | £7,304,656 | £4,106,463 | £10,779,970 | +162.5% | |
| Profit before tax | £3,299,701 | £873,236 | £7,164,209 | +720.4% | |
| Net profit | £2,169,349 | -£214,244 | £5,481,444 | +2,658.5% | |
| Cash | £18,785,980 | £2,811,730 | £2,136,680 | -24% | |
| Total assets less current liabilities | £40,744,979 | £30,030,736 | £70,577,605 | +135% | |
| Net assets | £15,744,979 | £5,030,736 | £10,577,605 | +110.3% | |
| Equity | £15,744,979 | £5,030,736 | £10,577,605 | +110.3% | |
| Average employees | 41 | 41 | 30 | -26.8% | |
| Wages | £2,322,158 | £4,369,356 | £2,162,749 | -50.5% | |
| Directors' remuneration | £171,388 | £299,094 | £326,478 | +9.2% | |
| Directors' pension contributions | £13,075 | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 33.5% | 17.2% | 42.7% | |
| Net margin | 10.0% | -0.9% | 21.7% | |
| Return on capital employed | 17.9% | 13.7% | 15.3% | |
| Gearing (liabilities / total assets) | 84.1% | 94.0% | 89.6% | |
| Current ratio | 1.70x | 1.56x | 3.26x | |
| Interest cover | 1.73x | 1.19x | 3.21x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- AIRPLUS INTERNATIONAL LIMITED 2002-07-08 → present
- COBCO (462) LIMITED 2002-05-28 → 2002-07-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore, management considers that the company has adequate resources to continue in operational existence for the foreseeable future and, for this reason, have adopted the going concern basis in preparing the accompanying financial information.”
Significant events
- “The Directors expect 2026 to represent a further phase of strategic consolidation of the Company, following the legal merger between SEB Group's wholly owned subsidiary SEB Kort Bank AB and Airplus International Ltd's immediate parent company APIG, which was completed on 3 August 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2012-04-18 | — | — |
| BAUP, Frederic Cyril | Director | 2024-06-25 | Dec 1971 | British |
| HAYWOOD, Caroline Elizabeth Alison | Director | 2024-06-25 | Feb 1975 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COBBETTS (SECRETARIAL) LIMITED | Corporate Secretary | 2002-05-28 | 2012-04-18 |
| CORSIUS, Johannes Hubertus Hendrikus | Director | 2002-08-27 | 2003-05-22 |
| HANLON, Spencer James Douglas | Director | 2003-05-22 | 2007-01-01 |
| HAYWOOD, Caroline Elizabeth Alison | Director | 2014-04-01 | 2018-05-01 |
| KLEIN, Yael | Director | 2007-01-01 | 2014-04-01 |
| SPELMAN, Paul Grant | Director | 2018-05-01 | 2024-12-31 |
| COBBETTS LIMITED | Corporate Director | 2002-05-28 | 2002-08-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Skandinaviska Enskilda Banken Ab | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-31 | Active |
| Deutsche Lufthansa Ag | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-07-31 |
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-29 MA Memorandum articles
- 2026-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-29 | MA | incorporation | Memorandum articles | |
| 2026-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-06-13 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | AA | accounts | Accounts with accounts type full | |
| 2024-08-30 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-08-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | AA | accounts | Accounts with accounts type full | |
| 2023-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | AA | accounts | Accounts with accounts type full | |
| 2022-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-07 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.