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Company No. 01947925 · Incorporated 17 Sep 1985

Spafax Airline Network Limited

Registered name: SPAFAX AIRLINE NETWORK LIMITED

Part of Wpp Plc group

Spafax Airline Network Limited made £29m revenue and £6.5m profit in the year to 31 Dec 2024.

Spafax Airline Network Limited’s revenue grew 28% to £29m in the year to 31 Dec 2024, with £6.5m profit and 150 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 82990Other business support service activities n.e.c.
Status
Active
Location
London
Age
41 yrs · since 1985
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

Revenue
£29m
Growth ▲27.5%
Profit
£6.5m
Growth ▲77.4%
Profit margin
22.6%
Gross 42%
Employees
150
Change ▲31.6%
Profit / employee
£43.6k
Revenue/employee £193k
Profitable streak
2yrs
Consecutive profitable years in our data
2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£22.7m£29m
Cost of sales−£11.5m−£16.8m
Gross profit£11.2m£12.2m
Operating profit£4.2m£7.2m
Profit before tax£4.1m£7.6m
Profit after tax£3.7m£6.5m
Profit (best available)£3.7m£6.5m
Employees (average)114150
Ratios
Profit margin16.2%22.6%
Gross margin49.4%42%
Revenue per employee£199k£193k
Profit per employee£32.4k£43.6k
Growth (year on year)
Revenue growth—▲27.5%
Profit growth—▲77.4%
Headcount growth—▲31.6%
Balance sheet — indirect signals, not revenue
Net assets——
SourceAccounts · bulk data Dec 2025Accounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
22.6%
Profit ÷ revenue.
Gross margin
42%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£193k
Revenue ÷ average employees.
Profit per employee
£43.6k
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.
Indirect — not revenue

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
▲32%
Now 150
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Wpp Plc (registered outside the UK register)ultimate parent75–100%
  2. WPP Jubilee Limited75–100%
  3. WPP MR Overseas Media Holdings Limited75–100%
  4. WPP 2005 Limited75–100%
  5. WPP Group (UK) Ltd75–100%
  6. Spafax Airline Network Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (38)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £6.5m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 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.