tui airways limited

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tui airways limited Company Information

Share TUI AIRWAYS LIMITED

Company Number

00444359

Shareholders

tui uk limited

Group Structure

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Industry

Scheduled passenger air transport

 

Registered Address

wigmore house wigmore lane, luton, bedfordshire, LU2 9TN

tui airways limited Estimated Valuation

£2b

Pomanda estimates the enterprise value of TUI AIRWAYS LIMITED at £2b based on a Turnover of £2.2b and 0.94x industry multiple (adjusted for size and gross margin).

tui airways limited Estimated Valuation

£1.6b

Pomanda estimates the enterprise value of TUI AIRWAYS LIMITED at £1.6b based on an EBITDA of £293m and a 5.51x industry multiple (adjusted for size and gross margin).

tui airways limited Estimated Valuation

£0

Pomanda estimates the enterprise value of TUI AIRWAYS LIMITED at £0 based on Net Assets of £-418m and 2.75x industry multiple (adjusted for liquidity).

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Tui Airways Limited Overview

Tui Airways Limited is a live company located in bedfordshire, LU2 9TN with a Companies House number of 00444359. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in October 1947, it's largest shareholder is tui uk limited with a 100% stake. Tui Airways Limited is a mature, mega sized company, Pomanda has estimated its turnover at £2.2b with rapid growth in recent years.

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Tui Airways Limited Health Check

Pomanda's financial health check has awarded Tui Airways Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.2b, make it larger than the average company (£39m)

£2.2b - Tui Airways Limited

£39m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (0.1%)

33% - Tui Airways Limited

0.1% - Industry AVG

production

Production

with a gross margin of 10.3%, this company has a comparable cost of product (10.6%)

10.3% - Tui Airways Limited

10.6% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it more profitable than the average company (2.4%)

4.2% - Tui Airways Limited

2.4% - Industry AVG

employees

Employees

with 4113 employees, this is above the industry average (186)

4113 - Tui Airways Limited

186 - Industry AVG

paystructure

Pay Structure

on an average salary of £75.6k, the company has a higher pay structure (£58.1k)

£75.6k - Tui Airways Limited

£58.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £524.4k, this is more efficient (£266.1k)

£524.4k - Tui Airways Limited

£266.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (23 days)

0 days - Tui Airways Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (42 days)

9 days - Tui Airways Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (4 days)

2 days - Tui Airways Limited

4 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Tui Airways Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 120.2%, this is a higher level of debt than the average (75.8%)

120.2% - Tui Airways Limited

75.8% - Industry AVG

TUI AIRWAYS LIMITED financials

EXPORTms excel logo

Tui Airways Limited's latest turnover from September 2023 is £2.2 billion and the company has net assets of -£418 million. According to their latest financial statements, Tui Airways Limited has 4,113 employees and maintains cash reserves of £10 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover2,157,000,0001,911,000,000340,000,000907,000,0001,854,000,0002,118,000,0001,959,000,0001,887,000,0001,937,000,0001,900,000,0001,923,000,0001,877,000,0001,855,000,0001,689,000,0001,814,000,000
Other Income Or Grants
Cost Of Sales1,935,000,0001,724,000,000653,000,0001,054,000,0001,742,000,0001,667,000,0001,625,000,0001,353,000,0001,623,000,0001,460,000,0001,508,000,0001,498,000,0001,488,000,0001,403,000,0001,475,000,000
Gross Profit222,000,000187,000,000-313,000,000-147,000,000112,000,000451,000,000334,000,000534,000,000314,000,000440,000,000415,000,000379,000,000367,000,000286,000,000339,000,000
Admin Expenses131,000,00092,000,0006,000,00062,000,000124,000,000107,000,000182,000,000174,000,000141,000,000137,000,000186,000,000218,000,000208,000,000191,000,000222,000,000
Operating Profit91,000,00095,000,000-319,000,000-209,000,000-12,000,000344,000,000152,000,000360,000,000173,000,000303,000,000229,000,000161,000,000159,000,00095,000,000117,000,000
Interest Payable201,000,000244,000,00062,000,00058,000,0005,000,0008,000,00010,000,0002,000,0006,000,0003,000,00022,000,00063,000,000130,000,00048,000,000
Interest Receivable202,000,0006,000,00044,000,0008,000,0008,000,0005,000,0007,000,0008,000,0007,000,0007,000,0007,000,0001,000,00011,000,0006,000,00034,000,000
Pre-Tax Profit92,000,000-143,000,000-337,000,000-519,000,000-9,000,000341,000,000149,000,000366,000,000174,000,000346,000,000238,000,000229,000,000105,000,000-39,000,000106,000,000
Tax-24,000,000-2,000,000-73,000,00018,000,0004,000,000-64,000,000-27,000,000-69,000,000-27,000,000-65,000,000-45,000,000-60,000,000-37,000,000-10,000,000-40,000,000
Profit After Tax68,000,000-145,000,000-410,000,000-501,000,000-5,000,000277,000,000122,000,000297,000,000147,000,000281,000,000193,000,000169,000,00068,000,000-49,000,00066,000,000
Dividends Paid200,000,000320,000,000254,000,000
Retained Profit68,000,000-145,000,000-410,000,000-501,000,000-205,000,000-43,000,000122,000,00043,000,000147,000,000281,000,000193,000,000169,000,00068,000,000-49,000,00066,000,000
Employee Costs311,000,000302,000,000209,000,000262,000,000270,000,000257,000,000243,000,000230,000,000230,000,000209,000,000204,000,000197,000,000201,000,000197,000,000204,000,000
Number Of Employees4,1133,9913,5913,8924,0243,8993,8593,7689,5739,83110,7913,7683,8754,0974,463
EBITDA*293,000,000103,000,000-314,000,0004,000,0003,000,000355,000,000164,000,000374,000,000186,000,000333,000,000265,000,000197,000,000196,000,000134,000,000154,000,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets24,000,0002,778,000,0001,588,000,0002,120,000,000445,000,000212,000,000196,000,000297,000,00092,000,000100,000,000126,000,000132,000,000100,000,000123,000,000111,000,000
Intangible Assets755,000,0001,000,0002,000,0003,000,000265,000,000266,000,000266,000,000266,000,000266,000,000261,000,000281,000,000304,000,000322,000,000340,000,000361,000,000
Investments & Other90,000,0003,000,0004,000,0005,000,000286,000,00019,000,00024,000,000138,000,000193,000,000384,000,000384,000,000391,000,000
Debtors (Due After 1 year)1,016,000,0001,717,000,000363,000,0002,041,000,00031,000,0001,000,0002,000,0002,000,000109,000,000109,000,00013,000,00012,000,0007,000,000
Total Fixed Assets1,885,000,0002,627,000,0001,471,000,0002,123,000,000710,000,000478,000,000462,000,000563,000,000551,000,000470,000,000516,000,000449,000,000818,000,000854,000,000863,000,000
Stock & work in progress15,000,00010,000,0008,000,0009,000,00015,000,00013,000,00012,000,0004,000,0005,000,0007,000,0007,000,0008,000,00017,000,00014,000,00010,000,000
Trade Debtors4,000,0001,000,0006,000,0008,000,00014,000,0001,098,000,0009,000,0004,000,0006,000,0006,000,0005,000,00011,000,0006,000,00026,000,000
Group Debtors694,000,0001,282,000,0002,059,000,0001,072,000,000865,000,000639,000,000986,000,0001,934,000,0001,395,000,0001,150,000,000
Misc Debtors67,000,00066,000,00010,000,00019,000,00068,000,00039,000,00029,000,00043,000,00070,000,00040,000,00061,000,00045,000,00049,000,000
Cash10,000,00010,000,0001,000,0001,000,000357,000,000405,000,000945,000,0003,000,0002,000,00022,000,00055,000,00051,000,00035,000,00041,000,00029,000,000
misc current assets91,000,00043,000,00011,000,00015,000,00055,000,000144,000,000146,000,000101,000,00022,000,000
total current assets187,000,000132,000,00036,000,00052,000,0001,203,000,0001,660,000,0002,385,000,0002,215,000,0001,134,000,000943,000,000777,000,0001,090,000,0002,058,000,0001,501,000,0001,264,000,000
total assets2,072,000,0002,759,000,0001,507,000,0002,175,000,0001,913,000,0002,138,000,0002,847,000,0002,778,000,0001,685,000,0001,413,000,0001,293,000,0001,539,000,0002,876,000,0002,355,000,0002,127,000,000
Bank overdraft1,000,0001,000,0001,000,0006,000,00015,000,000
Bank loan
Trade Creditors 52,000,00062,000,00023,000,00039,000,00030,000,00033,000,00027,000,00017,000,00027,000,00070,000,00024,000,00061,000,00060,000,000125,000,000132,000,000
Group/Directors Accounts653,000,000295,000,0005,000,00051,000,000272,000,0001,469,000,000528,000,000288,000,000
other short term finances3,000,00029,000,0004,000,00037,000,0004,000,00035,000,00061,000,000105,000,000
hp & lease commitments219,000,000252,000,000217,000,000219,000,000
other current liabilities434,000,0001,657,000,000395,000,000436,000,000697,000,000862,000,0001,488,000,0001,463,000,000195,000,000204,000,000172,000,000181,000,000305,000,000173,000,000249,000,000
total current liabilities1,361,000,0002,000,000,000639,000,000694,000,000765,000,000900,000,0001,551,000,0001,547,000,000637,000,000279,000,000247,000,000514,000,0001,834,000,000826,000,000669,000,000
loans1,588,000,0001,615,000,0001,676,000,00017,000,00011,000,00079,000,000206,000,00019,000,00027,000,000859,000,000768,000,000
hp & lease commitments611,000,000790,000,000800,000,000830,000,000
Accruals and Deferred Income24,000,00014,000,00028,000,00016,000,00018,000,00012,000,00012,000,0005,000,0001,000,000
other liabilities494,000,0003,000,0004,000,00021,000,0002,000,0005,000,0005,000,000
provisions824,000,000716,000,000802,000,000722,000,000680,000,000700,000,0001,004,000,000153,000,000190,000,000187,000,000212,000,000223,000,000176,000,000126,000,000
total long term liabilities1,129,000,0001,210,000,0001,173,000,0001,250,000,000382,000,000365,000,000457,000,000621,000,000211,000,000289,000,000297,000,000266,000,000231,000,0001,216,000,0001,079,000,000
total liabilities2,490,000,0003,210,000,0001,812,000,0001,944,000,0001,147,000,0001,265,000,0002,008,000,0002,168,000,000848,000,000568,000,000544,000,000780,000,0002,065,000,0002,042,000,0001,748,000,000
net assets-418,000,000-451,000,000-305,000,000231,000,000766,000,000873,000,000839,000,000610,000,000837,000,000845,000,000749,000,000759,000,000811,000,000313,000,000379,000,000
total shareholders funds-418,000,000-451,000,000-305,000,000231,000,000766,000,000873,000,000839,000,000610,000,000837,000,000845,000,000749,000,000759,000,000811,000,000313,000,000379,000,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit91,000,00095,000,000-319,000,000-209,000,000-12,000,000344,000,000152,000,000360,000,000173,000,000303,000,000229,000,000161,000,000159,000,00095,000,000117,000,000
Depreciation9,000,0008,000,0004,000,000210,000,00012,000,0009,000,0009,000,00012,000,00011,000,00010,000,00015,000,00016,000,00019,000,00018,000,00017,000,000
Amortisation193,000,0001,000,0003,000,0003,000,0002,000,0003,000,0002,000,0002,000,00020,000,00021,000,00020,000,00018,000,00021,000,00020,000,000
Tax-24,000,000-2,000,000-73,000,00018,000,0004,000,000-64,000,000-27,000,000-69,000,000-27,000,000-65,000,000-45,000,000-60,000,000-37,000,000-10,000,000-40,000,000
Stock5,000,0002,000,000-1,000,000-6,000,0002,000,0001,000,0008,000,000-1,000,000-2,000,000-1,000,000-9,000,0003,000,0004,000,00010,000,000
Debtors-697,000,0001,405,000,000-1,689,000,0001,261,000,000-292,000,000-185,000,000-825,000,0001,004,000,00082,000,000199,000,000-220,000,000-974,000,000565,000,000228,000,0001,225,000,000
Creditors-10,000,00039,000,000-16,000,0009,000,000-3,000,0006,000,00010,000,000-10,000,000-43,000,00046,000,000-37,000,0001,000,000-65,000,000-7,000,000132,000,000
Accruals and Deferred Income-1,199,000,0001,262,000,000-41,000,000-261,000,000-179,000,000-640,000,00037,000,0001,266,000,000-3,000,00032,000,000-2,000,000-119,000,000132,000,000-77,000,000250,000,000
Deferred Taxes & Provisions-824,000,000108,000,000-86,000,00080,000,00042,000,000-20,000,000-304,000,000851,000,000-37,000,0003,000,000-25,000,000-11,000,00047,000,00050,000,000126,000,000
Cash flow from operations-1,072,000,000103,000,0001,160,000,000-1,405,000,000157,000,000-179,000,000697,000,0001,409,000,000-4,000,000150,000,000377,000,000991,000,000-295,000,000-142,000,000-613,000,000
Investing Activities
capital expenditure1,798,000,000-1,197,000,000528,000,000-1,626,000,000-247,000,000-27,000,00089,000,000-219,000,000-10,000,00016,000,000-7,000,000-50,000,0004,000,000-30,000,000-509,000,000
Change in Investments87,000,000-1,000,000-1,000,000-281,000,000267,000,000-5,000,000-114,000,000-55,000,000193,000,000-384,000,000-7,000,000391,000,000
cash flow from investments1,711,000,000-1,196,000,000529,000,000-1,345,000,000-514,000,000-22,000,000203,000,000-164,000,000-203,000,00016,000,000-7,000,000334,000,0004,000,000-23,000,000-900,000,000
Financing Activities
Bank loans
Group/Directors Accounts653,000,000-295,000,000290,000,000-46,000,000-221,000,000-1,197,000,000941,000,000240,000,000288,000,000
Other Short Term Loans -26,000,00025,000,0004,000,000-37,000,00033,000,000-31,000,000-26,000,000-44,000,000105,000,000
Long term loans-1,588,000,000-27,000,000-61,000,0001,659,000,0006,000,000-68,000,000-127,000,000187,000,00019,000,000-27,000,00027,000,000-859,000,00091,000,000768,000,000
Hire Purchase and Lease Commitments-212,000,00025,000,000-32,000,0001,049,000,000
other long term liabilities494,000,000-3,000,000-1,000,0004,000,000-21,000,00021,000,000-2,000,000-3,000,0005,000,000
share issue-35,000,000-1,000,000-126,000,000-34,000,00098,000,00077,000,000107,000,000-270,000,000-155,000,000-185,000,000-203,000,000-221,000,000430,000,000-17,000,000313,000,000
interest1,000,000-238,000,000-18,000,000-50,000,0003,000,000-3,000,000-3,000,0006,000,0001,000,0004,000,0007,000,000-21,000,000-52,000,000-124,000,000-14,000,000
cash flow from financing-713,000,000-216,000,000-236,000,0002,586,000,000144,000,000-25,000,000-49,000,000-437,000,000281,000,000-227,000,000-446,000,000-1,415,000,000460,000,000195,000,0001,355,000,000
cash and cash equivalents
cash9,000,000-356,000,000-48,000,000-540,000,000942,000,0001,000,000-20,000,000-33,000,0004,000,00016,000,000-6,000,00012,000,00029,000,000
overdraft-1,000,000-5,000,000-9,000,00015,000,000
change in cash9,000,000-355,000,000-48,000,000-540,000,000947,000,00010,000,000-35,000,000-33,000,0004,000,00016,000,000-6,000,00012,000,00029,000,000

tui airways limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Tui Airways Limited Competitor Analysis

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Perform a competitor analysis for tui airways limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in LU2 area or any other competitors across 12 key performance metrics.

tui airways limited Ownership

TUI AIRWAYS LIMITED group structure

Tui Airways Limited has 1 subsidiary company.

Ultimate parent company

TUI AG

#0070546

2 parents

TUI AIRWAYS LIMITED

00444359

1 subsidiary

TUI AIRWAYS LIMITED Shareholders

tui uk limited 100%

tui airways limited directors

Tui Airways Limited currently has 5 directors. The longest serving directors include Mr Simon Arnold (Sep 2020) and Mr Malcolm Sutherland (Sep 2021).

officercountryagestartendrole
Mr Simon ArnoldUnited Kingdom47 years Sep 2020- Director
Mr Malcolm SutherlandUnited Kingdom55 years Sep 2021- Director
Mr Brendan KellyUnited Kingdom34 years Aug 2023- Director
Ms Dawn WilsonUnited Kingdom58 years Aug 2023- Director
Mr Paul BurrawayUnited Kingdom56 years Nov 2024- Director

P&L

September 2023

turnover

2.2b

+13%

operating profit

91m

-4%

gross margin

10.3%

+5.18%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

-418m

-0.07%

total assets

2.1b

-0.25%

cash

10m

0%

net assets

Total assets minus all liabilities

tui airways limited company details

company number

00444359

Type

Private limited with Share Capital

industry

51101 - Scheduled passenger air transport

incorporation date

October 1947

age

78

incorporated

UK

ultimate parent company

TUI AG

accounts

Full Accounts

last accounts submitted

September 2023

previous names

thomson airways limited (October 2017)

thomsonfly limited (October 2008)

accountant

-

auditor

DELOITTE LLP

address

wigmore house wigmore lane, luton, bedfordshire, LU2 9TN

Bank

CITIBANK N.A.

Legal Advisor

-

tui airways limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 63 charges/mortgages relating to tui airways limited. Currently there are 28 open charges and 35 have been satisfied in the past.

tui airways limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

Click to start generating capital raising & share issue transactions for TUI AIRWAYS LIMITED. This can take several minutes, an email will notify you when this has completed.

tui airways limited Companies House Filings - See Documents

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