CHC SCOTIA LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-04-30.

1. CHC SCOTIA LIMITED 2000-10-18 → present
2. SCOTIA HELICOPTER SERVICES LIMITED 2000-07-06 → 2000-10-18
3. BOND HELICOPTERS LIMITED 1984-10-01 → 2000-07-06
4. MANAGEMENT AVIATION LIMITED 1968-08-02 → 1984-10-01

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

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis which the directors believe to be appropriate for the following reasons. The loss for the year to 30 April 2024 was £16.6m (2023: loss of £4.8m) and the company had net liabilities of £102.0m (2023: £79.6m). At the year end, the company had cash at bank of £0.9m and at March 2025 held cash of £0.1m. The company is financed through a combination of intercompany loans and intercompany trading balances, all currently repayable on demand. The directors have prepared cash flow forecasts for a period of twelve months from the date of approval of these financial statements which indicates that, taking account of reasonably possible downsides. The base scenario uses the latest prices on all existing contracts and expected rates on all new contracts, following a pricing review conducted in the year. The directors have considered a severe but plausible downside scenario which includes a possible decline in revenue and increased pension contributions, considering that additional funding may be requested by the regulator. These forecasts indicate that, in both the base and downside scenario, the company will rely on the continuation of existing financial support from CHC Group LLC, and will require additional funding in the form of higher levels of trading intercompany balances, during the forecasted period. The company's cash flow forecasts are therefore dependent on CHC Group LLC providing additional financial support during that period and not seeking repayment of amounts currently owed by the company to group companies, which at 30 April 2024 totalled £138.3m. The company may require further additional funding if the cash flow forecasts are not achieved. CHC Group LLC has indicated its intention to continue to make available such funds as are needed by the company and not to seek repayment of amounts due by the company over the period covered by the forecasts.”

Significant events

• “There has been no substantial events of note since the close of financial year 2024.”

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

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -10.8%

  £103,603,000 → £92,464,000

• Cash

  +145.2%

  £361,000 → £885,000

• Net assets

  -28.2%

  -£79,594,000 → -£102,009,000

• Employees

  +1.1%

  269 → 272

• Operating profit

  -275.4%

  -£3,735,000 → -£14,021,000

• Profit before tax

  -243.5%

  -£4,819,000 → -£16,551,000

• Wages

  +9.9%

  £24,309,000 → £26,707,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers