British Airways Holidays Limited
Registered name: BRITISH AIRWAYS HOLIDAYS LIMITED
Part of The Law Debenture Corporation P.L.C. groupBritish Airways Holidays Limited made £1.6bn revenue and £73.6m profit in the year to 31 Dec 2025.
British Airways Holidays Limited’s revenue grew 3% to £1.6bn in the year to 31 Dec 2025, with £73.6m profit and 368 employees. The company is classified under “tour operator activities” and is based in Harmondsworth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Harmondsworth
- Age
- 71 yrs · since 1955
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.4bn | £1.5bn | £1.6bn |
| Cost of sales | −£1.3bn | −£1.5bn | −£1.5bn |
| Gross profit | £68.4m | £76.1m | £73.3m |
| Operating profit | £97.7m | £93.2m | £95.2m |
| Profit before tax | £104m | £96.3m | £101m |
| Profit after tax | £72.6m | £74.4m | £73.6m |
| Profit (best available) | £72.6m | £74.4m | £73.6m |
| Employees (average) | 317 | 343 | 368 |
| Ratios | |||
| Profit margin | 5.4% | 4.8% | 4.6% |
| Gross margin | 5.1% | 4.9% | 4.6% |
| Revenue per employee | £4.3m | £4.5m | £4.3m |
| Profit per employee | £229k | £217k | £200k |
| Growth (year on year) | |||
| Revenue growth | — | ▲13.8% | ▲3.5% |
| Profit growth | — | ▲2.5% | ▼1.1% |
| Headcount growth | — | ▲8.2% | ▲7.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 4.6%
- Profit ÷ revenue.
- Gross margin
- 4.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £4.3m
- Revenue ÷ average employees.
- Profit per employee
- £200k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 368
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- The Law Debenture Corporation P.L.C.ultimate parent75–100%
- LDC (NCS) Limited75–100%
- British Airways PLC75–100%
- Avios Group (Agl) Limited75–100%
- British Airways Holidays Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Overseas Air Travel LimitedFigures not disclosed
Sister companies (2)
- Iag Loyalty LimitedFigures not disclosed
- Iag Loyalty Retail LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £73.6m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.