IAG CARGO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-01 (in 1mo)
Last made up 2025-05-18
Watchouts
None on the register
Cash
£3M
-74.8% vs 2023
Net assets
£13M
+16.4% vs 2023
Employees
588
+0.3% vs 2023
Profit before tax
£2M
+74.1% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £83,224,000 | £101,534,000 | |
| Operating profit | £1,048,000 | £1,825,000 | |
| Profit before tax | £1,048,000 | £1,825,000 | |
| Net profit | £580,000 | £943,000 | |
| Cash | £13,786,000 | £3,476,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £11,309,000 | £13,164,000 | |
| Equity | £11,309,000 | £13,164,000 | |
| Average employees | 586 | 588 | |
| Wages | £23,629,000 | £26,265,000 | |
| Directors' remuneration | £1,201,000 | £1,556,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+22%
£83,224,000 £101,534,000
-
Cash
-74.8%
£13,786,000 £3,476,000
-
Net assets
+16.4%
£11,309,000 £13,164,000
-
Employees
+0.3%
586 588
-
Operating profit
+74.1%
£1,048,000 £1,825,000
-
Profit before tax
+74.1%
£1,048,000 £1,825,000
-
Wages
+11.2%
£23,629,000 £26,265,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.3% | 1.8% | |
| Net margin | 0.7% | 0.9% | |
| Gearing (liabilities / total assets) | 76.0% | 81.2% | |
| Current ratio | 0.99x | 0.96x |
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
- IAG CARGO LIMITED 2012-07-23 → present
- IAG (GROUP) UK LIMITED 2012-05-18 → 2012-07-23
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP UK
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements for the year ended 31 December 2024 have been prepared on a going concern basis, notwithstanding net current liabilities of £6,428 thousand, which the Directors consider to be appropriate, as the Company has sufficient funds to meet its liabilities during the going concern assessment period.”
Group structure
- IAG CARGO LIMITED · parent
- Zenda Group Limited 100%
- Cargo Innovations Limited 100%
Significant events
- “There have been no material post balance sheet events for the year end 31 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAM, Emma Alexandra | Director | 2025-08-01 | Nov 1976 | British |
| BARRIONUEVO URGEL, Jose Antonio | Director | 2016-04-01 | May 1972 | Spanish |
| CADBURY, Nicholas Theodore | Director | 2023-01-01 | Apr 1966 | British |
| LOPEZ SOLAS, Maria Jesus | Director | 2024-06-14 | Feb 1979 | Spanish |
| SHEPHERD, William David | Director | 2021-08-01 | Jul 1971 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Courtney Kate | Secretary | 2016-01-01 | 2017-05-18 |
| ADAMS, Courtney Kate | Secretary | 2013-05-23 | 2014-10-10 |
| DOSANJH, Kulbinder Kaur | Secretary | 2012-05-18 | 2013-05-23 |
| STRAVER, Luke Alexander Michael | Secretary | 2017-05-18 | 2020-07-07 |
| STRAVER, Luke Alexander Michael | Secretary | 2014-10-10 | 2016-01-01 |
| ADAM, Emma Alexandra | Director | 2022-01-01 | 2025-04-01 |
| BAILLO SARO, Maria Elena | Director | 2023-08-31 | 2024-06-14 |
| BATANERO, Jose Maria Pio Fariza Pariza | Director | 2012-05-18 | 2013-05-23 |
| BOYLE, Robert | Director | 2012-05-18 | 2019-05-31 |
| CHEETHAM, John David | Director | 2020-02-01 | 2025-04-01 |
| CHERNOFF, Neil Alan | Director | 2014-09-25 | 2016-01-01 |
| CRAWLEY, Andrew George | Director | 2016-01-01 | 2017-04-04 |
| DE TORRES ZABALA, Ignacio Maria | Director | 2012-05-18 | 2016-01-01 |
| DIEZ BARTUREN, Juan Ignacio | Director | 2012-05-18 | 2013-05-23 |
| EMBLETON, Lynne Louise | Director | 2017-04-04 | 2021-06-10 |
| EMBLETON, Lynne Louise | Director | 2012-05-18 | 2016-01-01 |
| GIRDWOOD, Lewis Ian | Director | 2017-03-06 | 2019-03-29 |
| GOERSCH, Klaus | Director | 2019-06-20 | 2020-03-04 |
| GUNNING, Stephen William Lawrence | Director | 2012-05-18 | 2019-06-14 |
| HAUN, Elizabeth Ann | Director | 2019-04-01 | 2021-11-15 |
| IZZARD, Rachel Claire | Director | 2012-05-18 | 2016-01-01 |
| LOPEZ AGUILAR, Manuel Antonio | Director | 2012-05-18 | 2013-02-01 |
| LOPEZ COLMENAREJO, Manuel | Director | 2013-11-27 | 2014-07-24 |
| MC NEELA, Nessa | Director | 2025-04-01 | 2025-08-01 |
| MCCLELLAND, Lynn Fiona | Director | 2017-10-02 | 2019-02-18 |
| NAPIER, Rebecca Louise | Director | 2019-06-20 | 2023-08-31 |
| NICHOL, Sarah Katherine | Director | 2016-01-01 | 2016-11-30 |
| PODOLSKY LEVY, David | Director | 2021-06-10 | 2022-12-21 |
| SANCHEZ-PRIETO ALCAZAR, Javier | Director | 2013-05-23 | 2016-04-01 |
| SANSAVINI, Marco | Director | 2013-02-01 | 2013-11-27 |
| SCOTT, Stephen John | Director | 2020-02-01 | 2025-04-01 |
| SHEPHERD, William David | Director | 2016-01-01 | 2019-10-01 |
| SWIFT, Nicholas | Director | 2012-05-18 | 2016-01-01 |
| WINSTANLEY, Jude | Director | 2016-01-01 | 2017-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| International Consolidated Airlines Group S.A. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-14 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-15 | AA | accounts | Accounts with accounts type full | |
| 2023-11-01 | CH01 | officers | Change person director company with change date | |
| 2023-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.