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Company No. 02260073 · Incorporated 19 May 1988

Avios Group (Agl) Limited

Registered name: AVIOS GROUP (AGL) LIMITED

Part of The Law Debenture Corporation P.L.C. group

Avios Group (Agl) Limited made £1.7bn revenue and £280m profit in the year to 31 Dec 2025.

Avios Group (Agl) Limited’s revenue grew 8% to £1.7bn in the year to 31 Dec 2025, with £280m profit and 706 employees. The company is classified under “other business support service activities” and is based in Harmondsworth; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Harmondsworth, London
Age
38 yrs · since 1988
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Revenue
£1.7bn
Growth ▲8%
Profit
£280m
Growth ▲3%
Profit margin
16.4%
Gross 33.7%
Employees
706
Change ▲8.6%
Profit / employee
£397k
Revenue/employee £2.4m
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£1.3bn£1.6bn£1.7bn
Cost of sales−£870m−£1.1bn−£1.1bn
Gross profit£414m£499m£577m
Operating profit£283m£336m£377m
Profit before tax£320m£363m£376m
Profit after tax£241m£272m£280m
Profit (best available)£241m£272m£280m
Employees (average)586650706
Ratios
Profit margin18.8%17.2%16.4%
Gross margin32.2%31.5%33.7%
Revenue per employee£2.2m£2.4m£2.4m
Profit per employee£412k£418k£397k
Growth (year on year)
Revenue growth—▲23.4%▲8%
Profit growth—▲12.6%▲3%
Headcount growth—▲10.9%▲8.6%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Jun 2025Accounts · bulk data Jun 2025Accounts · bulk data Mar 2026
Derived from the latest filing

How the business works

Profit margin
16.4%
Profit ÷ revenue.
Gross margin
33.7%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£2.4m
Revenue ÷ average employees.
Profit per employee
£397k
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
▲9%
Now 706
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. The Law Debenture Corporation P.L.C.ultimate parent75–100%
  2. LDC (NCS) Limited75–100%
  3. British Airways PLC75–100%
  4. Avios Group (Agl) Limitedthis company

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

Subsidiaries (3)

Sister companies (24)

Minority corporate shareholders

  • International Consolidated Airlines Group S.A. (registered outside the UK register)

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £280m), from the Companies House accounts bulk data published Mar 2026. 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.