How much does Menzies Aviation Limited make?

Menzies Aviation Limited reported revenue of £23.2m and a loss of £4.1m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Menzies Aviation Limited have?

Menzies Aviation Limited reported an average of 2 employees in the year to 31 Dec 2023.

Is Menzies Aviation Limited profitable?

No — Menzies Aviation Limited reported a loss of £4.1m in the year to 31 Dec 2023.

Company No. 02961404 · Incorporated 23 Aug 1994

Menzies Aviation Limited

Registered name: MENZIES AVIATION LIMITED

Part of John Menzies Limited group

Menzies Aviation Limited made £23.2m revenue and a £4.1m loss in the year to 31 Dec 2023. read from filing text

Menzies Aviation Limited’s revenue fell 53% to £23.2m in the year to 31 Dec 2023, with a loss of £4.1m and 2 employees. The company is classified under “service activities incidental to air transportation” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 52230Service activities incidental to air transportation

Status: Active
Location: London, London
Age: 32 yrs · since 1994
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 2023

Key figures

Small team

Revenue

£23.2m

Growth ▼53.3%

Profit

−£4.1m

Growth ▼132.3%

Profit margin

−17.7%

Employees

Change 0%

Profit / employee

−£2m

Revenue/employee £11.6m

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£49.7m	£23.2m
Operating profit	£46.9m	£21.3m
Profit before tax	£12.7m	−£4.1m
Profit (best available)	£12.7m	−£4.1m
Employees (average)	2	2
Ratios
Profit margin	25.6%	−17.7%
Revenue per employee	£24.9m	£11.6m
Profit per employee	£6.3m	−£2m
Growth (year on year)
Revenue growth	—	▼53.3%
Profit growth	—	▼132.3%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£7.5m	£37.3m
Net assets	£110m	£105m
Fixed assets	£331m	£347m
Current assets	£537m	£658m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: −17.7%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £11.6m; Revenue ÷ average employees.
Profit per employee: −£2m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1497%; 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: ▼5%; Now £105m
Cash at bank: ▲397%; Now £37.3m
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: ▲5%; Now £347m

Corporate ownership

Group structure

Ownership chain

John Menzies Limitedultimate parent75–100%
Menzies Group Holdings Limited75–100%
Menzies Aviation Holdings Limited75–100%
Menzies Aviation Limitedthis company

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

Subsidiaries (13)

Menzies Aviation (UK) LimitedRev. £171m · Profit −£5.9m
Air Menzies International LimitedRev. £45.3m · Profit £1.4m
Menzies World Cargo LimitedRev. £21.1m · Profit £2.5m
London Cargo Group LimitedFigures not disclosed
Mag Nominees LimitedFigures not disclosed
Manchester Cargo Centre LimitedFigures not disclosed
Menzies Aviation (Luton) LimitedFigures not disclosed
Menzies Aviation (NL) LimitedRev. — · Profit £993k
Menzies Aviation (Santo Domingo) LimitedRev. — · Profit £732k
Ogden Cargo LimitedFigures not disclosed
Skyport Handling LimitedFigures not disclosed
Southampton Airport Cargo Services LimitedFigures not disclosed
Wyng Group LimitedFigures not disclosed

Sister companies (1)

Menzies Aviation Corporate Services LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£4.1m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.