Overview Report

Statutory Information
Previous Name(s):	None
Registered Office:	WATERSIDE,	Date of Incorporation:	13/12/1983
	PO BOX 365,	Latest Annual Return:	31/07/2007
	HARMONDSWORTH,	Date Accounts Lodged:	09/08/2007
	WEST DRAYTON,	Latest Filed Accounts Date:	31/03/2007
	UB7 0GB	Date of Analysed Accounts:	31/03/2008
		Accounts Reference Date:	31/03
		Issued Capital (£):	287,997,532
Company is:	Quoted
	Public limited with share capital
	English/Welsh companies incorporated under part 1 of the Companies Act
Type of Accounts:	Group
Directory Information
Trading Address:	PO Box 365,	Telephone Number:	020 87595511
	Harmondsworth,	Fax Number:	-
	West Drayton,
	Middlesex,
	UB7 0GB
Region:	HOME COUNTIES AND OUTER LONDON
Auditors:	Ernst & Young LLP
Bankers:
Principal Activities:	A group engaged in the operation of international & domestic scheduled air services for carriage of passengers, freight & mail & the provision of ancilliary services. T/O = revenue.
UK SIC Code(s):	62101 Scheduled passenger air transport
Risk Information
Holding Company:	None
Ultimate Holding Company:	None
RISK SCORE
2008	70	Credit Limit (£):	150,000,000
2007	63	Contract Limit (£):	500,000,000
2006	87
2005	87
The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The credit limit is £ 150,000,000, which is a reflection of the score and the substantial financial strength of the company.
County Court Judgments:	There are 5 exact unsatisfied CCJs totalling £8702.00.
Accounts
Date of Accounts 31/03/2008 31/03/2007 31/03/2006 2 Consolidated Yes Yes Yes Year Subsidiary No No No Growth Number of Weeks 52 52 52 Rate Currency (£ '000) (£ '000) (£ '000) % Audit Qualification No No No   PROFIT & LOSS Turnover 8,753,000 8,492,000 8,213,000 7 Cost of Sales - - - - Pre-tax Profit 883,000 611,000 616,000 43 Directors' Remuneration 2,079 2,811 5,042 -59 Employees' Remuneration 1,433,000 1,522,000 1,558,000 -8 Number of Employees (actual) 45,140 48,070 49,957 -10   BALANCE SHEET Total Fixed Assets 7,975,000 7,945,000 8,505,000 -6 Total Current Assets 3,148,000 3,439,000 3,669,000 -14 Total Assets 11,123,000 11,384,000 12,174,000 -9 Total Current Liabilities 3,244,000 3,625,000 3,432,000 -6 Total Assets less Current Liabilities 7,879,000 7,759,000 8,742,000 -10 Shareholders' Funds 3,033,000 2,211,000 1,861,000 63 Total Long Term Liabilities 4,846,000 5,548,000 6,881,000 -30 Capital Employed 7,879,000 7,759,000 8,742,000 -10
Company/Industry Comparison
This comparison is based on the results of 53 companies in the same industrial sector: 62101 Scheduled passenger air transport
Company Industry Averages 31/03/2008 Lower Median Upper Profit/Sales (%) 10.09 -2.9 3.3 7.3 Profit/Capital Employed (%) 11.21 -0.8 6.6 13.0 Profit/Total Assets (%) 7.94 -3.1 4.4 6.9 Sales/Total Assets (%) 78.69 69.8 131.1 213.4 Credit Period (Days) 24.44 28.6 19.1 13.3 Current Ratio 0.97 0.7 1.0 1.1 Average Employee Remuneration (£) 31,746 26,200 29,002 39,115 Wages/Sales (%) 16.37 19.0 14.2 10.7 Sales per Employee (£) 193,908 166,056 206,690 327,737
Directors   COMPANY SECRETARY   ALAN KERR BUCHANAN   DIRECTORS   MARTIN FAULKNER BROUGHTON DENISE PATRICIA BYRNE KINGSMILL JAMES ARTHUR LAWRENCE CHUMPOL NA LAMLIENG DOCTOR MARTIN PETER READ MA CANTAB DPHIL OXON CDIPA & F ALISON CLARE REED KENNETH PETER ROSS SMART CBE ELIZABETH CONWAY SYMONS MAARTEN ALBERT VAN DEN BERGH WILLIAM MATTHEW WALSH KEITH WILLIAMS