FLEXJET OPERATIONS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +17.5%

  £20,679,946 → £24,300,389

• Cash

  +23.1%

  £1,179,536 → £1,451,517

• Net assets

  -3.7%

  -£17,266,833 → -£17,904,990

• Employees

  +18.5%

  92 → 109

• Operating profit

  -142.8%

  £1,517,762 → -£650,338

• Profit before tax

  -144.8%

  £1,425,430 → -£638,157

• Wages

  -2.6%

  £2,826,660 → £2,753,441

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. FLEXJET OPERATIONS LIMITED 2020-10-01 → present
2. FLAIRJET LIMITED 2008-09-08 → 2020-10-01
3. CLOTH FAIR AVIATION LIMITED 2008-03-10 → 2008-09-08

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider it appropriate to prepare the financial statements on a going concern basis, despite the Company making a loss and having net liabilities. This is due to continued financial support and a letter of support from OneSky Flight, LLC, a related company, for a period of at least 12 months.”

Group structure

1. FLEXJET OPERATIONS LIMITED · parent
   1. Halo Aviation Ltd 100% · England · Halo owns a fleet of helicopters to sell undivided interests under its Shared Ownership programme and charter services.

Significant events

• “On 28 February 2025, the Company acquired 100% of the share capital of two companies, Thurston Aviation Limited and Thurston Aviation Engineering Limited for a combined consideration of £2,126,845. The two companies are collectively referred to as "Thurston Aviation". Thurston Aviation is a leading PART 145 Maintenance Company dedicated to providing top-tier aircraft maintenance, repair, and overhaul services. Following the acquisition of Thurston Aviation, the Company will be able to provide maintenance services to aircraft owned by Flexjet Europe's associated companies. This acquisition will also reduce the cost per unit of maintenance by bringing maintenance capabilities in-house.”
• “On 27 March 2025, the Company issued a promissory note to OneSky Flight, LLC for £1,500,000 bearing an annual interest of 4.82%. The repayment is due on demand.”
• “On 24 April 2025, the Company issued a revolving loan note to OneSky Flight, LLC for £15,000,000 bearing an annual interest of 4.61%. The repayment is due on demand.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.