SPAFAX AIRLINE NETWORK LIMITED

• ⚠

  Material uncertainty over going concern

  However, the Directors of the Company's ultimate parent, WPP plc, are considering a possible sale of the company, which may complete in the next 12 months. This results in a material uncertainty, which may cast significant doubt upon the Company's ability to continue as a going concern.

1. SPAFAX AIRLINE NETWORK LIMITED 1985-10-24 → present
2. QUAYSHELFCO 112 LIMITED 1985-09-17 → 1985-10-24

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Directors of the Company's ultimate parent, WPP plc, are considering a possible sale of the company, which may complete in the next 12 months. This results in a material uncertainty, which may cast significant doubt upon the Company's ability to continue as a going concern.”

Group structure

1. SPAFAX AIRLINE NETWORK LIMITED · parent
   1. Non Theatrical Digital Partners Limited 0.49% · England and Wales · Media content provision

Significant events

• “On 21 March 2025, it was reported that WPP is looking for a buyer to divest the company and Spafax as a group. At the date of signing this report, the Company remains a 100% subsidiary of WPP Group (UK) Limited.”
• “On 6 August 2025, the Company paid an interim dividend of £40,078,000 to WPP Group (UK) Limited.”

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

Filings

4

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

  +27.5%

  £22,736,071 → £28,992,169

• Cash

  +3.1%

  £2,863,709 → £2,951,529

• Net assets

  +20.9%

  £31,733,740 → £38,371,790

• Employees

  +31.6%

  114 → 150

• Operating profit

  +73.8%

  £4,169,231 → £7,244,074

• Profit before tax

  +83.3%

  £4,124,086 → £7,558,454

• Wages

  +23.3%

  £7,709,538 → £9,503,257

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