BRITISH AIRWAYS PLC (01777777)
Credit Report
BRITISH AIRWAYS PLC (01777777)
Statutory Information
| Previous name(s): | None |
|---|---|
| Registered Office: | WATERSIDE PO BOX 365 HARMONDSWORTH WEST DRAYTON |
| Incorporation Date: | 13/12/1983 |
| Latest Filed Accounts: | 31/03/2005 |
| Date Accounts Lodged: | 24/08/2005 |
| Analysed Accounts: | 31/03/2005 |
| Accounts Ref. Date: | 31/03 |
| Latest Annual Return: | 31/07/2005 |
| Issued Capital (GBP): | 282,720,601 |
| Company Status: | Quoted Public limited with share capital English/Welsh companies incorporated under part 1 of the Companies Act |
| Type of Accounts: | Group |
Directory Information
| Trading Address: | - Balivanich Isle of Benbecula HS7 5LA | ||
|---|---|---|---|
| Telephone Number: | 01870 602310 | ||
| Fax Number: | - | ||
| Region: | SOUTHERN SCOTLAND | ||
| Bankers: | NATIONWIDE | ||
| Auditors: | Ernst & Young LLP | ||
| Audit Opinion or Qualification: | The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2005. | ||
| Principal Activities: | A group engaged in the operation of international & domestic scheduled & charter air services for carriage of passengers,freight and mail and the provision of ancilliary services. | ||
| UK SIC Code(s): |
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Ownership
| Holding Company: | None Taken from the latest Annual Return, indicating a holding of over 50% |
|---|---|
| Ultimate Holding Company: | None Taken from the latest Directors' Report and Accounts |
Risk Information
| Risk Score | |||
| 31/03/2005 | 72 | Credit Limit (GBP): | 230,000,000 |
| 31/03/2004 | 59 | Contract Limit (GBP): | 2,140,000,000 |
| 31/03/2003 | 60 | ||
| 31/03/2002 | 65 | ||
| The period to 31/03/2005 saw a slight increase in Sales from £7,560,000,000 to £7,813,000,000.Pre-Tax Profits increased from £230,000,000 to £415,000,000.The resultant Profit Margin of 5.31% (previous = 3.04%) compares favourably with the industry average of 1.64%.The company is performing better than at least 75% of the companies in this sector.Shareholders Funds increased from £2,187,000,000 to £2,465,000,000, whilst Total Assets decreased from £12,101,000,000 to £11,336,000,000.The resultant Gearing Ratio of 0.22 (Previous = 0.18) compares favourably with the industry average of 0.18.CCJ information has been linked to this company - please see the list. | |
| County Court Judgments: |
Number of exact unsatisfied CCJs: 1 Totalling: GBP2466.00 Number of probable unsatisfied CCJs: None Number of possible unsatisfied CCJs: None |
|---|---|
Accounts
| Date of Accounts | 31/03/2005 | 31/03/2004 | 31/03/2003 | 2 | |
| Consolidated | Y | Y | Y | Year | |
| Subsidiary | N | N | N | Growth | |
| No. of Weeks | 52 | 52 | 52 | Rate | |
| Currency | (GBP '000) | (GBP '000) | (GBP '000) | % | |
| Audit Qual./Comment | No | No | No | ||
| PROFIT & LOSS | |||||
|---|---|---|---|---|---|
| Turnover | 7,813,000 | 7,560,000 | 7,688,000 | 2 | |
| Cost of Sales | 7,136,000 | 7,008,000 | 7,263,000 | -2 | |
| Pre-Tax Profit | 415,000 | 230,000 | 135,000 | 207 | |
| Directors Remuneration | 2,479 | 1,828 | 1,685 | 47 | |
| Employees Remuneration | 1,517,000 | 1,463,000 | 1,472,000 | 3 | |
| Number of Employees (actual) | 49,490 | 51,939 | 57,014 | -13 | |
| BALANCE SHEET | |||||
| Total Fixed Assets | 8,546,000 | 9,336,000 | 10,175,000 | -16 | |
| Total Current Assets | 2,790,000 | 2,765,000 | 2,725,000 | 2 | |
| Total Assets | 11,336,000 | 12,101,000 | 12,900,000 | -12 | |
| Total Current Liabilities | 2,980,000 | 2,996,000 | 2,904,000 | 3 | |
| Total Assets less Current Liabilities | 8,356,000 | 9,105,000 | 9,996,000 | - | |
| Shareholders Funds | 2,465,000 | 2,187,000 | 2,058,000 | 20 | |
| Total Long-Term Liabilities | 5,891,000 | 6,918,000 | 7,938,000 | -26 | |
| Capital Employed | 8,356,000 | 9,105,000 | 9,996,000 | -16 | |
Company / Industry Comparison
| This comparison is based on the results of 58 companies in the same industrial sector: 62101 Scheduled passenger air transport | ||||
| Company | Industry Averages | |||
|---|---|---|---|---|
| 31/03/2005 | Lower | Median | Upper | |
| Profit/Sales (%) | 5.31 | 0.13 | 1.64 | 4.15 |
| Profit/Capital Employed (%) | 4.97 | 0.98 | 4.88 | 13.24 |
| Profit/Total Assets (%) | 3.66 | 0.13 | 1.90 | 4.59 |
| Sales/Total Assets (%) | 68.92 | 62.47 | 123.79 | 193.19 |
| Credit Period (days) | 32.00 | 32.64 | 22.61 | 12.19 |
| Current Ratio | 0.94 | 0.60 | 0.88 | 1.03 |
| Average Employee Remuneration (GBP) | 30,653 | 23,273 | 25,259 | 31,053 |
| Wages/Sales (%) | 19.42 | 19.35 | 14.35 | 11.64 |
| Sales per Employee (GBP) | 157,870 | 146,293 | 183,370 | 237,506 |
Company Secretaries
Directors