How much does Alternative Airlines Limited make?

Alternative Airlines Limited reported revenue of £76.2m and £5.5m profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does Alternative Airlines Limited have?

Alternative Airlines Limited reported an average of 106 employees in the year to 31 Oct 2023.

Is Alternative Airlines Limited profitable?

Yes — Alternative Airlines Limited reported a profit of £5.5m in the year to 31 Oct 2023.

Company No. 02885223 · Incorporated 6 Jan 1994

Alternative Airlines Limited

Registered name: ALTERNATIVE AIRLINES LIMITED

Alternative Airlines Limited made £76.2m revenue and £5.5m profit in the year to 31 Oct 2023. read from filing text

Alternative Airlines Limited’s revenue grew 12% to £76.2m in the year to 31 Oct 2023, with £5.5m profit and 106 employees. The company is classified under “travel agency activities” and is based in Horley; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79110Travel agency activities

Status: Active
Location: Horley, South East
Age: 32 yrs · since 1994
Type: Private Limited Company

Latest accounts · year to 31 Oct 2023

Key figures

IndependentCapital-light

Revenue

£76.2m

Growth ▲12.2%

Profit

£5.5m

Growth ▼22.2%

Profit margin

7.2%

Gross 22%

Employees

106

Change ▲51.4%

Profit / employee

£52k

Revenue/employee £719k

Profitable streak

2yrs

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 Oct 2022	31 Oct 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£67.9m	£76.2m
Cost of sales	£52m	£59.4m
Gross profit	£15.9m	£16.8m
Operating profit	£8.3m	£6.9m
Profit before tax	£8.3m	£6.9m
Profit after tax	£7.1m	£5.5m
Profit (best available)	£7.1m	£5.5m
Employees (average)	70	106
Ratios
Profit margin	10.4%	7.2%
Gross margin	23.4%	22%
Revenue per employee	£970k	£719k
Profit per employee	£101k	£52k
Growth (year on year)
Revenue growth	—	▲12.2%
Profit growth	—	▼22.2%
Headcount growth	—	▲51.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£13.1m	£12.9m
Net assets	£6.7m	£9.2m
Fixed assets	£41.2k	£115k
Current assets	£14.5m	£15.6m
Debtors	£724k	£741k
Deferred income	£3.2m	£5.2m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 7.2%; Profit ÷ revenue.
Gross margin: 22%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £719k; Revenue ÷ average employees.
Profit per employee: £52k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1%; 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: ▲37%; Now £9.2m
Cash at bank: ▼2%; Now £12.9m
Headcount: ▲51%; Now 106
Deferred income: ▲63%; Now £5.2m
Fixed assets: ▲178%; Now £115k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Subsidiaries (1)

Flight Directors Scheduled 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 Oct 2023 (profit £5.5m), from the Companies House accounts bulk data published Apr 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.