Eastern Airways (UK) Limited
Registered name: EASTERN AIRWAYS (UK) LIMITED
Part of Eastern Airways International Limited groupEastern Airways (UK) Limited made £38.1m revenue and £58.4k profit in the year to 31 Mar 2024.
Eastern Airways (UK) Limited’s revenue grew 12% to £38.1m in the year to 31 Mar 2024, with £58.4k profit and 112 employees. The company is classified under “scheduled passenger air transport” and is based in Leeds; we hold 3 years of its filed accounts.
- Status
- In Administration
- Location
- Leeds, Yorkshire and The Humber
- Age
- 28 yrs · since 1997
- 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. From the filing: “Eastern Airways International Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £17.6m | £34m | £38.1m |
| Cost of sales | £16.8m | £30.7m | −£35.1m |
| Gross profit | £843k | £3.3m | £2.9m |
| Profit before tax | −£1.4m | −£764k | £114k |
| Profit after tax | −£988k | −£274k | £58.4k |
| Profit (best available) | −£988k | −£274k | £58.4k |
| Staff costs | £2.6m | £3.7m | £3.6m |
| Employees (average) | 69 | 89 | 112 |
| Ratios | |||
| Profit margin | −5.6% | −0.8% | 0.1% |
| Gross margin | 4.8% | 9.8% | 7.7% |
| Revenue per employee | £255k | £382k | £340k |
| Profit per employee | −£14.3k | −£3.1k | £522 |
| Growth (year on year) | |||
| Revenue growth | — | ▲93% | ▲11.9% |
| Headcount growth | — | ▲29% | ▲25.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £3m | £1.5m | £454k |
| Net assets | £6.5m | £6.2m | £6.2m |
| Fixed assets | £434k | £343k | £254k |
| Current assets | £20m | £20.8m | £25.7m |
| Debtors | £2.2m | £2.1m | £3.4m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 0.1%
- Profit ÷ revenue.
- Gross margin
- 7.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £340k
- Revenue ÷ average employees.
- Profit per employee
- £522
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.9%
- 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
- ▲1%
- Now £6.2m
- Cash at bank
- ▼71%
- Now £454k
- Headcount
- ▲26%
- Now 112
- Deferred income
- —
- Now —
- Fixed assets
- ▼26%
- Now £254k
Group structure
Ownership chain
- Eastern Airways International Limitedultimate parent75–100%
- Eastern Airways (UK) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- Easternhill Estates LtdRev. £46.7k · Profit −£40.1k
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Menzies Aviation (Asig) LimitedLondon · Scheduled passenger air transport
- Revenue
- £46.8m
- Profit
- £3.4m
- Staff
- 827
- Teesside International Airport LimitedDarlington · Scheduled passenger air transport
- Revenue
- £16.9m
- Profit
- £1.2m
- Staff
- 175
- RVL Aviation LimitedDerby · Scheduled passenger air transport
- Revenue
- £13.8m
- Profit
- £283k
- Staff
- 36
- Executive Jet Charter LimitedCheltenham · Non-scheduled passenger air transport
- Revenue
- £36.5m
- Profit
- £395k
- Staff
- 35
- Volare Aviation LimitedKidlington · Non-scheduled passenger air transport
- Revenue
- £35m
- Profit
- £577k
- Staff
- 75
- Chapman Freeborn Airchartering LimitedGatwick · Non-scheduled passenger air transport
- Revenue
- £69.7m
- Profit
- £610k
- Staff
- 115
Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £58.4k), from the Companies House accounts bulk data published Dec 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.