AVIANCA MIDCO 2 PLC
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Cash
£60m
USD 80,238,000
+38.3% highest in 3 filed years
Net assets
£337m
USD 454,232,000
-30.1% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£113m
USD -152,031,000
-842.8% vs 2024
Net assets
3-year trend · vs Unclassified 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 | — | — | — | — | |
| Operating profit | -£4,632,884 | -£4,738,141 | -£2,481,633 | +47.6% | |
| Profit before tax | -£114,101,035 | -£11,967,526 | -£112,824,490 | -842.8% | |
| Net profit | -£114,101,035 | -£11,967,526 | -£112,824,490 | -842.8% | |
| Cash | £53,064,794 | £43,061,127 | £59,545,826 | +38.3% | |
| Total assets less current liabilities | — | £1,837,547,755 | £1,880,897,217 | +2.4% | |
| Net assets | £487,369,783 | £482,539,796 | £337,092,393 | -30.1% | |
| Equity | £487,369,783 | £482,539,796 | £337,092,393 | -30.1% | |
| Average employees | — | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|
| Return on capital employed | — | -0.3% | -0.1% | |
| Gearing (liabilities / total assets) | 73.3% | 73.8% | 82.4% | |
| Current ratio | 47.80x | 28.40x | 5.71x | |
| Interest cover | -0.04x | -0.04x | -0.02x |
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
- AVIANCA MIDCO 2 PLC 2022-05-17 → present
- AVIANCA MIDCO 2 LIMITED 2021-09-30 → 2022-05-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Warrener Stewart
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company Financial Statements have been prepared on a going concern basis. ... Management is confident that the Company through ABRA has and is expected to have the adequate resources to continue its operational existence for at least the next year.”
Group structure
- AVIANCA MIDCO 2 PLC · parent
- Avianca Group (UK) Limited 100%
- Wav Air Holdings, S.L.U. 99%
- Avianca Ecuador S.A. 99.62%
- Aerovías Del Continente Americano S.A. (Avianca S.A.) 99.98%
- Grupo Taca Holding Limited 100%
- Lifemiles Ltd. 100%
- Avianca Costa Rica S.A. 92.13%
- Taca International Airlines, S.A. 96.83%
- Tampa Cargo S.A.S 99.98%
Significant events
- “On January 28, 2026, Avianca Midco 2 PLC, a subsidiary of AGIL, issued US$600,000 aggregate principal amount of its 9.500% Senior Secured Notes due 2031 (the “2031 Notes”).”
- “On February 17, 2026, Avianca Midco 2 PLC issued an additional US$150,000 aggregate principal amount of its 9.500% Senior Secured Notes due 2031 (the “Additional 2031 Notes”)”
- “On July 7, 2026, Avianca Midco 2 PLC issued $650,000 aggregate principal amount of 10.25% Senior Secured Notes due 2032.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANCHEZ, Richard Galindo | Secretary | 2022-05-17 | — | — |
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2023-06-08 | — | — |
| ALVEAR, Nicolas | Director | 2025-01-01 | Jan 1987 | Italian |
| GALINDO SANCHEZ, Richard | Director | 2021-09-30 | Jan 1979 | Colombian |
| NEUHAUSER, Adrian | Director | 2021-09-30 | Mar 1973 | Chilean |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PHILIP, Rohit | Director | 2021-09-30 | 2025-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Avianca Midco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-09-30 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | CH01 | officers | Change person director company with change date | |
| 2023-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-06 | CH01 | officers | Change person director company with change date | |
| 2023-10-05 | CH03 | officers | Change person secretary company with change date | |
| 2023-10-05 | CH01 | officers | Change person director company with change date | |
| 2023-10-05 | CH01 | officers | Change person director company with change date | |
| 2023-10-05 | CH01 | officers | Change person director company with change date | |
| 2023-06-23 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-06-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-23 | PSC05 | persons-with-significant-control | Change to a person with significant control |
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.