CROSSFLIGHT GROUP HOLDINGS LIMITED

• ◆

  5 officer resignations in last 12 months

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -1.8%

  £18,089,570 → £17,771,251

• Cash

  -13.8%

  £1,442,903 → £1,243,158

• Net assets

  -8.5%

  £5,898,296 → £5,396,848

  lowest in 4 filed years

• Employees

  -5.3%

  95 → 90

• Operating profit

  -162.4%

  £327,360 → -£204,279

• Profit before tax

  -245.4%

  £215,022 → -£312,643

• Wages

  +11.7%

  £3,483,214 → £3,892,087

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. CROSSFLIGHT GROUP HOLDINGS LIMITED 2021-10-29 → present
2. TIMEC 1785 LIMITED 2021-09-29 → 2021-10-29

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CROSSFLIGHT GROUP HOLDINGS LIMITED · parent
   1. Crossflight Holdings Limited 100%
   2. Crossflight Limited 100%
   3. Crossflight B.V. 100% · Netherlands
   4. Adstral Limited 100%

Significant events

• “The loss of one noteworthy client, and the financial collapse of another, newer client, caused short term interruption, to an otherwise progressive year for the business that included two acquisitions.”
• “The acquisition of Adstral Ltd in August '24 helped to rapidly accelerate the Group's strategic focus on widening its fulfilment service offering, while the addition of a more mature express courier business towards the back end of the trading year reinforced the Group's foothold in the express market.”

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

Filings

16

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

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