ONE AIR LTD

• ⚠

  Material uncertainty over going concern

  The Company's ability to continue to trade is dependent on continued support from its shareholders, who have confirmed they are willing and able to provide such support. The company owes amounts to connected entities under common control as detailed in note 22. The Company's ability to continue to trade is also dependent on continued support of these entities. These financial statements do not include any adjustments which might be necessary should the support of the shareholders be withdrawn.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +736%

  £8,476,149 → £70,862,454

• Cash

  -11.9%

  £10,578,125 → £9,315,275

• Net assets

  -200.9%

  -£11,444,579 → -£34,435,432

• Employees

  +34.7%

  75 → 101

• Operating profit

  -20.5%

  -£16,635,722 → -£20,049,095

• Profit before tax

  -813.8%

  -£2,516,057 → -£22,990,854

• Wages

  +43.3%

  £7,361,784 → £10,547,743

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.

Accounting basis

IFRS

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Gravita Audit II Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's ability to continue to trade is dependent on continued support from its shareholders, who have confirmed they are willing and able to provide such support. The company owes amounts to connected entities under common control as detailed in note 22. The Company's ability to continue to trade is also dependent on continued support of these entities. These financial statements do not include any adjustments which might be necessary should the support of the shareholders be withdrawn.”

Significant events

• “On 4th April 2025, the company concluded negotiations with its landlord and entered into a 7-year lease agreement for its head office premises, commencing 6th March 2023. A right-of-use asset and corresponding lease liability of $1.97million has been recognised in the balance sheet on the commencement date. This is an adjusting event and will result in a prior year adjustment.”
• “On the 7th October 2024, the amount of $19.6m payables owed to a related party shown in non-current liabilities was transferred into to a convertible loan with a repayment on the fifth anniversary of the date of the loan. On 4th August 2025, an amendment was made to this loan agreement to convert it to a standard commercial interest bearing loan with no change to the repayment dato and interest charged at a market rate effective date of 31st December 2024.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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