AVIOS GROUP (AGL) LIMITED

1. AVIOS GROUP (AGL) LIMITED 2012-04-25 → present
2. THE MILEAGE COMPANY LIMITED 2009-04-01 → 2012-04-25
3. AIR MILES TRAVEL PROMOTIONS LIMITED 1988-07-20 → 2009-04-01
4. PHANSTAMP LIMITED 1988-05-19 → 1988-07-20

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements.”

Group structure

1. AVIOS GROUP (AGL) LIMITED · parent
   1. IAG Loyalty Limited (formerly Remotereport Trading Limited) 100% · England · Trademark ownership
   2. British Airways Holidays Limited 100% · England · Tour operator
   3. Overseas Air Travel Limited 100% · England · Flight procurement
   4. IAG Loyalty Retail Limited 100% · England · Retail sales

Significant events

• “IAGL had another record-breaking year in 2025, driven by strong customer engagement and continued expansion across our loyalty ecosystem.”
• “IAGL introduced new strategic partnerships, giving customers more ways to earn Avios.”
• “As previously reported, HMRC issued a decision in 2024 asserting that VAT is payable on the issuance of Avios as opposed to accounting for VAT depending on the nature of the products for which Avios are redeemed. The Company strongly disagree with the position taken by HMRC and appealed this matter during 2025.”
• “In April 2025, IAGL introduced an opportunity for British Airways Club members to contribute to sustainable aviation fuel ('SAF') whilst earning Avios and tier points.”
• “IAGL concluded an impactful two-year partnership with Winston's Wish, a charity dedicated to supporting bereaved children and young people.”

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

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +8%

  £1,584,584,000 → £1,711,992,000

• Cash

  +17.3%

  £817,738,000 → £959,510,000

• Net assets

  -5.1%

  £853,539,000 → £810,103,000

• Employees

  +8.6%

  650 → 706

• Operating profit

  +12.2%

  £336,437,000 → £377,485,000

• Profit before tax

  +3.7%

  £362,763,000 → £376,235,000

• Wages

  +16.9%

  £39,609,000 → £46,314,000

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