HELIWORLD LEASING LIMITED

1. HELIWORLD LEASING LIMITED 2002-04-26 → present
2. ZONECLIMB LIMITED 2002-04-10 → 2002-04-26

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

Hall Morrice LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors confirm that, after making enquiries in accordance with the guidance issued by the Financial Reporting Council, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The directors believe this basis to be appropriate as the ultimate parent company has provided the company with an undertaking that for at least one year from the date of approval of these financial statements, it will continue to make available such funds as are needed by the company to allow it to continue in operational existence and to meet its liabilities as they fall due for payment.”

Significant events

• “Competitive Risks: During fiscal year 2025, the company's revenue was principally generated from within the CHC group for the lease of aircraft to be used in provision of helicopter transportation services to customers. The company believes the future demand for these helicopter services and its competitive position will enable it to continue to be a major provider of helicopter transportation services.”
• “Legislative Risks: Aviation industry regulations are governed by the aviation authorities and health and safety legislation in the relevant countries. These regulations are subject to continuous revision and any new directive may have a material impact on the ability of the company to operate at a profit. In addition, compliance imposes costs and failure to comply with the regulations could materially affect the company's ability to operate.”
• “Financial Instruments Risk: The CHC group has established a risk and financial management framework whose primary objectives are to protect the company from events that hinder the achievement of the company's performance objectives. The objectives aim to limit our risk by dealing only with counterparties that possess investment grade credit ratings and monitor our concentration risk with counterparties on an ongoing basis.”

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

Filings

20

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

  -7.5%

  £10,921,000 → £10,098,000

• Cash

  —

  Not reported

• Net assets

  +0.8%

  £29,321,000 → £29,542,000

• Employees

  —

  Not reported

• Operating profit

  -71.3%

  £771,000 → £221,000

• Profit before tax

  -71.3%

  £771,000 → £221,000

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