BAE SYSTEMS (CORPORATE AIR TRAVEL) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-09 (in 5mo)
Last made up 2025-09-25
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£3M
-70.1% vs 2023
Employees
—
Average over period
Profit before tax
-£1M
-19.3% vs 2023
Name history
Renamed 2 times since incorporation
- BAE SYSTEMS (CORPORATE AIR TRAVEL) LIMITED 2000-11-30 → present
- EUROPEAN DEFENCE AND AEROSPACE COMPANY LIMITED 1998-12-03 → 2000-11-30
- WASTEAREA LIMITED 1998-11-12 → 1998-12-03
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £17,804,000 | £20,327,000 | |
| Operating profit | -£886,000 | -£1,188,000 | |
| Profit before tax | -£1,219,000 | -£1,454,000 | |
| Net profit | -£1,188,000 | -£1,449,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £4,799,000 | £2,004,000 | |
| Net assets | -£2,045,000 | -£3,478,000 | |
| Equity | -£2,045,000 | -£3,478,000 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -5.0% | -5.8% | |
| Net margin | -6.7% | -7.1% | |
| Return on capital employed | -18.5% | -59.3% | |
| Gearing (liabilities / total assets) | 113.6% | 124.8% | |
| Current ratio | 0.54x | 0.53x | |
| Interest cover | -2.66x | -4.15x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, notwithstanding net current liabilities of £5,614k, which the directors believe to be appropriate for the following reasons. The Company is dependent for its working capital on funds provided to it by BAE Systems plc, the Company's ultimate parent. BAE Systems plc has indicated in writing that, for at least 12 months from the date of approval of these financial statements, it will continue to make available funds as are needed by the Company to meet its liabilities as they fall due and in particular will not seek repayment of amounts currently made available.”
Significant events
- “The Company signed a lease agreement for an Embraer 135 in December 2024 - the aircraft is due to be delivered in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEE, Lisa Phooi Ching | Secretary | 2008-04-21 | — | Other |
| BAE SYSTEMS CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-12-12 | — | — |
| CHAMBERS, Chloe Sascha Jane | Director | 2024-08-14 | Jun 1976 | British |
| DAVID WEBSTER, Andrew | Director | 2026-01-29 | Jan 1978 | British |
| MCGOVERN, Michael Hugh | Director | 2023-09-29 | Mar 1980 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GALLAGHER, Thomas Edward | Secretary | 2007-01-02 | 2008-04-21 |
| HIBLIN, Louise | Secretary | 1999-03-01 | 2000-01-07 |
| HIBLIN, Louise | Secretary | 1998-12-03 | 1999-01-06 |
| LOGAN, Heather | Secretary | 2001-02-12 | 2006-12-31 |
| MCDOWELL, Stephen Charles | Secretary | 2000-11-27 | 2001-02-12 |
| PARKES, David Stanley | Secretary | 2000-08-11 | 2000-11-27 |
| PEACHEY, Eric Albert | Secretary | 2000-01-07 | 2000-08-11 |
| YOUNG, Suzanne | Secretary | 1999-01-06 | 1999-03-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-11-12 | 1998-12-02 |
| AYLING, Brian Eric | Director | 2014-02-14 | 2018-05-14 |
| BRISTOW, David Edward | Director | 2008-04-21 | 2012-06-20 |
| CLARK, Dudley Muir | Director | 2000-11-27 | 2005-04-29 |
| DICKSON, Christopher Roy | Director | 2002-10-10 | 2004-12-31 |
| DOUGHTY, Geoffrey Walter | Director | 2000-11-27 | 2008-04-21 |
| ETHELL, Paul Stuart | Director | 2007-10-18 | 2009-10-12 |
| GETTINBY, Jonathan Hugh, Dr | Director | 2022-11-18 | 2026-01-29 |
| GRANT, Ian | Director | 2009-10-12 | 2015-08-16 |
| GREEN, David Alexander | Director | 2012-06-20 | 2023-10-02 |
| HINGLEY, Phillip Malcolm | Director | 2018-05-21 | 2022-02-28 |
| IERLAND, Brian William | Director | 2002-07-01 | 2008-04-21 |
| JONES, Peter | Director | 2005-05-01 | 2014-02-14 |
| KAPILA, Sundeep Kumar | Director | 1999-01-06 | 2000-01-07 |
| LYNAS, Peter John, Mr. | Director | 2000-01-07 | 2000-11-27 |
| MCDOWELL, Stephen Charles | Director | 2001-02-12 | 2015-03-31 |
| MUSGRAVE, Colin James | Director | 2000-08-11 | 2000-11-27 |
| PARKES, David Stanley | Director | 2000-08-11 | 2000-11-27 |
| PEACHEY, Eric Albert | Director | 2000-01-07 | 2000-08-11 |
| POLLARD, Elizabeth Anne | Director | 2022-11-18 | 2024-10-14 |
| REASON, Mark Andrew | Director | 2008-04-21 | 2022-09-09 |
| URWIN, Peter Raymond | Director | 2000-11-27 | 2002-07-01 |
| WALLWORK, Louise Sara | Director | 2004-12-31 | 2007-10-18 |
| WOOD, James Fearghas | Director | 1998-12-03 | 1999-01-06 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-11-12 | 1998-12-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bae Systems (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-12-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-12 | CH03 | officers | Change person secretary company with change date | |
| 2023-12-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2022-11-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+14.2%
£17,804,000 £20,327,000
-
Cash
—
Not reported
-
Net assets
-70.1%
-£2,045,000 -£3,478,000
-
Employees
—
Not reported
-
Operating profit
-34.1%
-£886,000 -£1,188,000
-
Profit before tax
-19.3%
-£1,219,000 -£1,454,000
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