FLIGHT NETWORK UK LIMITED
Get an alert when FLIGHT NETWORK UK LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Consumer Discretionary 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 | £49,755,767 | £58,489,648 | £44,499,226 | -23.9% | |
| Operating profit | -£6,779 | £18,359 | — | — | |
| Profit before tax | -£6,779 | £18,359 | — | — | |
| Net profit | -£5,941 | £15,078 | — | — | |
| Cash | £9,373,460 | £7,114,057 | — | — | |
| Total assets less current liabilities | £361,245 | £376,323 | — | — | |
| Net assets | £361,245 | £376,323 | — | — | |
| Equity | £361,245 | £376,323 | — | — | |
| Average employees | — | 1 | — | — | |
| Wages | — | £148,754 | — | — | |
| Directors' remuneration | — | — | — | — |
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 | -0.0% | 0.0% | — | |
| Net margin | -0.0% | 0.0% | — | |
| Return on capital employed | -1.9% | 4.9% | — | |
| Gearing (liabilities / total assets) | 98.7% | 98.7% | — | |
| Current ratio | 1.01x | 1.01x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the financial position and future prospects of the company and believe that, with the support of the parent company, the company has access to sufficient resources to manage its business risks successfully. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and accordingly, have adopted the going concern basis in preparing the financial statements.”
Significant events
- “In 2025, the global investment firm KKR successfully joined as a stakeholder, acquiring a significant minority stake in the Group alongside CVC Capital Partners (who had been the sole private equity owner since 2017). This dual-institutional backing opens a new chapter for global expansion and severely strengthens ultimate liquidity.”
- “In line with its long-term ambition to scale its B2B flight tech ecosystem, the Group completed the landmark acquisition of Wenrix, a market-leading Predictive and Agentic AI infrastructure platform specialised in airfare price and booking optimisations.”
- “To support these key strategic corporate acquisitions, technological expansions, and operational scaling initiatives, the external bank loan of Etraveli Group increased during 2025. This leverage is well-supported by the group's robust cash position, continuous compound annual transaction growth, and record-high EBITDA.”
- “During 2025 it was decided internally to cease the allocation of airline and GDS incentives to the order entities of the Group and keep them with Etraveli Group where the contracts lie, and the funds are received to simplify processes and reporting.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2022-09-15 | — | — |
| ELWIN, Johan Eric, Mr. | Director | 2022-04-05 | Aug 1977 | Swedish |
| HEDLUND, Max Mathias | Director | 2019-08-01 | Apr 1970 | Swedish |
| WETTERDAL, Bengt Henrik | Director | 2019-08-01 | Apr 1967 | Swedish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VISTRA COSEC LIMITED | Corporate Secretary | 2016-08-15 | 2022-07-15 |
| BUDHDEO, Naman | Director | 2016-08-15 | 2019-08-01 |
| TOTH, Gabor | Director | 2019-08-01 | 2022-04-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Naman Budhdeo | Individual | Significant influence | 2016-08-15 | Ceased 2019-08-01 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type full | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | CH01 | officers | Change person director company with change date | |
| 2024-01-30 | CH01 | officers | Change person director company with change date | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-02 | AA | accounts | Accounts with accounts type small | |
| 2023-12-05 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-11-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-09-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-09-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-08 | AA | accounts | Accounts with accounts type small | |
| 2023-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-10-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-07-25 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.