VIRGIN AVIATION TM LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
None on the register
Cash
£55K
-88.3% vs 2023
Net assets
£64M
+17.5% vs 2023
Employees
0
Average over period
Profit before tax
£10M
+3,459.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,389,000 | £1,368,000 | |
| Operating profit | -£497,000 | £9,426,000 | |
| Profit before tax | -£297,000 | £9,979,000 | |
| Net profit | -£1,832,000 | £9,518,000 | |
| Cash | £471,000 | £55,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £54,287,000 | £63,805,000 | |
| Equity | £54,287,000 | £63,805,000 | |
| Average employees | 0 | 0 | |
| 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 | -7.8% | 689.0% | |
| Net margin | -28.7% | 695.8% | |
| Current ratio | 4.39x | 16.47x | |
| Interest cover | -15.53x | — |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As set out in Note 1.2 to the financial statements, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. They, thus, continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “On 11 June 2024, the Court of Appeal unanimously rejected Alaska Airlines, Inc.'s appeal. The remainder of the royalties owed under the TMLA up to 31 December 2024, remain outstanding and total £43.4 million ($53.4 million).”
- “On 27 February 2025, Virgin Holdings Limited, Virgin Enterprises Limited and VEL Holdings Limited, as borrowers, entered into a multi-currency revolving credit facility of £75 million with HSBC UK Bank PLC and Lloyds Bank PLC. This facility is guaranteed by Virgin Holdings Limited, Virgin Enterprises Limited, VEL Holdings Limited and the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUDD, William Peter | Director | 2021-06-25 | Apr 1983 | British |
| BURCHETT, Andrea Lisa | Director | 2023-09-01 | Oct 1968 | British |
| HOROUFCHIN, Hirad | Director | 2023-09-01 | Sep 1989 | German |
| KELLY, Sam Robert | Director | 2025-09-16 | Apr 1977 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GERRARD, Barry Alexander Ralph | Secretary | 2014-01-28 | 2020-03-31 |
| BAYLISS, Joshua | Director | 2016-09-14 | 2020-01-23 |
| BRIDGE, Matthew Downie | Director | 2021-06-25 | 2023-08-31 |
| FOX, Nicholas Anthony Robert | Director | 2015-01-08 | 2016-03-18 |
| HILTON, Claire Jean | Director | 2021-06-25 | 2025-09-01 |
| MCCALLUM, Gordon Douglas | Director | 2014-01-28 | 2015-01-08 |
| NORRIS, Peter Michael Russell | Director | 2014-01-28 | 2016-09-14 |
| SWAFFIELD, Andrew John | Director | 2020-12-01 | 2023-08-31 |
| THOMAS, Lisa Victoria | Director | 2016-03-11 | 2020-10-31 |
| WOODS, Ian Philip | Director | 2014-01-28 | 2021-06-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Val Trademark Two Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-25 | Ceased 2022-11-25 |
| Virgin Aviation Tm Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-25 | Ceased 2022-11-25 |
| Vel Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-25 | Active |
| Val Trademark Three Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2022-11-25 |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | CH01 | officers | Change person director company with change date | |
| 2025-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-15 | CH01 | officers | Change person director company with change date | |
| 2022-12-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-12-06 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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
-78.6%
£6,389,000 £1,368,000
-
Cash
-88.3%
£471,000 £55,000
-
Net assets
+17.5%
£54,287,000 £63,805,000
-
Employees
—
Not reported
-
Operating profit
+1,996.6%
-£497,000 £9,426,000
-
Profit before tax
+3,459.9%
-£297,000 £9,979,000
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