jet2.com limited

5

jet2.com limited Company Information

Share JET2.COM LIMITED
Live 
MatureMegaRapid

Company Number

02739537

Registered Address

low fare finder house, leeds bradford airport, yeadon, leeds, west yorkshire, LS19 7TU

Industry

Non-scheduled passenger air transport

 

Scheduled passenger air transport

 
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Telephone

01132387444

Next Accounts Due

December 2025

Group Structure

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Directors

Ian Doubtfire30 Years

Philip Ward19 Years

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Shareholders

jet2 plc 100%

jet2.com limited Estimated Valuation

£5.8b

Pomanda estimates the enterprise value of JET2.COM LIMITED at £5.8b based on a Turnover of £6.3b and 0.93x industry multiple (adjusted for size and gross margin).

jet2.com limited Estimated Valuation

£3.8b

Pomanda estimates the enterprise value of JET2.COM LIMITED at £3.8b based on an EBITDA of £575.3m and a 6.54x industry multiple (adjusted for size and gross margin).

jet2.com limited Estimated Valuation

£2.1b

Pomanda estimates the enterprise value of JET2.COM LIMITED at £2.1b based on Net Assets of £818.2m and 2.61x industry multiple (adjusted for liquidity).

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Jet2.com Limited Overview

Jet2.com Limited is a live company located in yeadon, leeds, LS19 7TU with a Companies House number of 02739537. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in August 1992, it's largest shareholder is jet2 plc with a 100% stake. Jet2.com Limited is a mature, mega sized company, Pomanda has estimated its turnover at £6.3b with rapid growth in recent years.

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Jet2.com Limited Health Check

Pomanda's financial health check has awarded Jet2.Com Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £6.3b, make it larger than the average company (£24.4m)

£6.3b - Jet2.com Limited

£24.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 151%, show it is growing at a faster rate (11.2%)

151% - Jet2.com Limited

11.2% - Industry AVG

production

Production

with a gross margin of 18%, this company has a comparable cost of product (18%)

18% - Jet2.com Limited

18% - Industry AVG

profitability

Profitability

an operating margin of 5.7% make it more profitable than the average company (4.5%)

5.7% - Jet2.com Limited

4.5% - Industry AVG

employees

Employees

with 13476 employees, this is above the industry average (118)

13476 - Jet2.com Limited

118 - Industry AVG

paystructure

Pay Structure

on an average salary of £53k, the company has an equivalent pay structure (£55k)

£53k - Jet2.com Limited

£55k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £464.6k, this is more efficient (£256.1k)

£464.6k - Jet2.com Limited

£256.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 75 days, this is later than average (32 days)

75 days - Jet2.com Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (42 days)

8 days - Jet2.com Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is more than average (6 days)

8 days - Jet2.com Limited

6 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (11 weeks)

30 weeks - Jet2.com Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 79.8%, this is a similar level of debt than the average (73.8%)

79.8% - Jet2.com Limited

73.8% - Industry AVG

JET2.COM LIMITED financials

EXPORTms excel logo

Jet2.Com Limited's latest turnover from March 2024 is £6.3 billion and the company has net assets of £818.2 million. According to their latest financial statements, Jet2.Com Limited has 13,476 employees and maintains cash reserves of £1.6 billion as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,260,500,0005,033,900,0001,234,600,000397,100,0003,594,800,0002,964,200,0002,211,400,0001,565,800,0001,261,400,000719,900,000643,100,000556,156,000461,343,000369,502,000296,213,000
Other Income Or Grants000000000000000
Cost Of Sales5,135,140,0724,260,545,1901,059,650,274333,228,8523,034,575,3552,481,346,2351,837,636,7411,296,390,2161,021,820,365579,319,117524,545,316444,888,864364,183,693308,442,324241,571,039
Gross Profit1,125,359,928773,354,810174,949,72663,871,148560,224,645482,853,765373,763,259269,409,784239,579,635140,580,883118,554,684111,267,13697,159,30761,059,67654,641,961
Admin Expenses768,259,928431,654,810537,349,726425,271,148412,624,645321,353,765271,563,259173,009,784135,279,635126,280,88392,854,68490,516,13685,188,30744,252,67647,989,961
Operating Profit357,100,000341,700,000-362,400,000-361,400,000147,600,000161,500,000102,200,00096,400,000104,300,00014,300,00025,700,00020,751,00011,971,00016,807,0006,652,000
Interest Payable29,400,00012,600,00010,600,00012,000,00015,600,00034,800,00005,700,0000000000
Interest Receivable124,700,00039,100,0001,500,000800,00012,000,0008,100,0004,700,0002,900,0002,300,0001,400,0001,300,0001,450,000571,000295,000133,000
Pre-Tax Profit462,200,000351,800,000-378,500,000-366,300,000132,300,000134,900,000105,700,00093,600,000107,600,00024,000,00020,300,00022,201,00012,542,00017,102,0006,785,000
Tax-114,000,000-63,500,000102,200,00069,200,000-24,700,000-26,400,000-20,800,000-18,500,000-21,100,000-4,500,000-4,200,000-5,530,000-3,284,000-5,008,000-2,115,000
Profit After Tax348,200,000288,300,000-276,300,000-297,100,000107,600,000108,500,00084,900,00075,100,00086,500,00019,500,00016,100,00016,671,0009,258,00012,094,0004,670,000
Dividends Paid00000000200,0000010,000,000000
Retained Profit348,200,000288,300,000-276,300,000-297,100,000107,600,000108,500,00084,900,00075,100,00086,300,00019,500,00016,100,0006,671,0009,258,00012,094,0004,670,000
Employee Costs713,800,000567,500,000302,400,000218,900,000418,900,000345,500,000258,000,000192,500,000148,500,000119,800,000102,800,00085,900,00070,760,00056,285,00047,181,000
Number Of Employees13,47611,2587,9548,7839,9338,3836,8894,8953,7933,1362,8022,2741,9412,2211,525
EBITDA*575,300,000492,200,000-216,400,000-208,200,000307,600,000282,800,000119,700,000109,200,000114,200,00022,200,00031,000,00023,242,00014,074,00018,585,0008,531,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets358,200,000320,800,000678,100,000562,300,000612,800,000559,800,000114,900,000119,200,00064,100,00066,200,00019,400,0008,273,0007,945,0007,317,0005,764,000
Intangible Assets602,400,000434,200,00026,800,00026,800,00026,800,0000000000000
Investments & Other0018,100,0009,400,00025,100,0004,000,00021,600,0009,300,00015,200,0001,300,00000000
Debtors (Due After 1 year)115,600,000143,500,000118,100,00072,700,00037,200,0008,700,000030,100,0000000000
Total Fixed Assets960,600,000755,000,000591,100,000516,400,000602,400,000559,800,000114,900,000119,200,00064,100,00066,200,00019,400,0008,273,0007,945,0007,317,0005,764,000
Stock & work in progress124,800,00040,200,0008,500,0001,000,0001,300,0001,000,0001,200,000700,000600,000600,00020,600,00013,392,0008,913,0007,972,0008,042,000
Trade Debtors1,301,700,00081,200,00050,600,0008,100,00040,900,00047,800,00041,600,000531,100,000383,600,000268,800,00010,300,0008,025,00017,419,00011,333,00014,212,000
Group Debtors0780,500,000429,100,000213,300,000443,700,000622,500,000401,400,000319,200,000223,400,000154,900,000261,500,000200,723,000142,987,00097,399,00098,099,000
Misc Debtors0249,800,000190,600,000181,300,000297,100,000252,600,000172,300,000109,300,00088,000,00064,600,00026,200,00028,069,00027,436,00030,560,00020,667,000
Cash1,626,200,0001,224,000,0001,225,800,000867,100,000855,000,000540,100,000579,100,000591,700,000427,000,000352,800,000214,400,000221,275,000161,318,000137,744,00078,365,000
misc current assets27,900,00045,800,000186,300,00023,500,00053,900,00099,600,000234,500,00074,600,00048,900,00023,400,000600,0000000
total current assets3,080,600,0002,421,500,0002,090,900,0001,294,300,0001,691,900,0001,563,600,0001,430,100,0001,626,600,0001,171,500,000865,100,000533,600,000471,484,000358,073,000285,008,000219,385,000
total assets4,041,200,0003,176,500,0002,682,000,0001,810,700,0002,294,300,0002,123,400,0001,545,000,0001,745,800,0001,235,600,000931,300,000553,000,000479,757,000366,018,000292,325,000225,149,000
Bank overdraft000000005,300,00013,100,00000000
Bank loan000001,400,000000000000
Trade Creditors 114,900,00094,900,00072,900,00016,600,00093,200,00052,700,00040,300,00034,600,00016,500,00020,900,00010,900,0008,194,0005,205,00010,267,00010,881,000
Group/Directors Accounts83,000,00085,100,00039,200,00058,300,000216,500,0000000034,200,00014,915,00011,546,0003,0000
other short term finances0000739,500,00053,900,00041,700,00031,900,00000200,000150,000150,00000
hp & lease commitments192,800,000154,400,000125,200,000121,300,000134,500,000159,100,000000000000
other current liabilities2,374,500,0002,048,000,0001,844,600,0001,193,700,000364,600,0001,149,600,0001,109,100,0001,371,400,0001,049,200,000858,700,000361,200,000335,112,000249,090,000203,630,000148,620,000
total current liabilities2,765,200,0002,382,400,0002,081,900,0001,389,900,0001,548,300,0001,416,700,0001,191,100,0001,437,900,0001,071,000,000892,700,000406,500,000358,371,000265,991,000213,900,000159,501,000
loans785,000,000534,800,000389,600,000368,200,000553,900,000588,500,0007,700,00020,600,0004,500,00025,200,000100,000313,000463,00000
hp & lease commitments389,700,000259,000,000193,400,000172,000,000261,800,000286,100,000000000000
Accruals and Deferred Income22,700,00016,400,00015,700,00044,400,0009,200,000001,700,0001,100,000700,000300,0000000
other liabilities000002,800,0001,300,00000000000
provisions79,600,00080,000,00044,600,00028,600,000006,400,00017,600,0000068,700,00059,943,00045,305,00033,624,00033,261,000
total long term liabilities457,800,000332,200,000234,200,000254,900,000301,300,000305,200,00012,200,00031,100,0005,600,00025,900,00069,100,00060,256,00045,768,00033,624,00033,261,000
total liabilities3,223,000,0002,714,600,0002,316,100,0001,644,800,0001,849,600,0001,721,900,0001,203,300,0001,469,000,0001,076,600,000918,600,000475,600,000418,627,000311,759,000247,524,000192,762,000
net assets818,200,000461,900,000365,900,000165,900,000444,700,000401,500,000341,700,000276,800,000159,000,00012,700,00077,400,00061,130,00054,259,00044,801,00032,387,000
total shareholders funds818,200,000461,900,000365,900,000165,900,000444,700,000401,500,000341,700,000276,800,000159,000,00012,700,00077,400,00061,130,00054,259,00044,801,00032,387,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit357,100,000341,700,000-362,400,000-361,400,000147,600,000161,500,000102,200,00096,400,000104,300,00014,300,00025,700,00020,751,00011,971,00016,807,0006,652,000
Depreciation30,300,00020,700,000146,000,000153,200,000160,000,000121,300,00017,500,00012,800,0009,900,0007,900,0005,300,0002,491,0002,103,0001,778,0001,879,000
Amortisation187,900,000129,800,0000000000000000
Tax-114,000,000-63,500,000102,200,00069,200,000-24,700,000-26,400,000-20,800,000-18,500,000-21,100,000-4,500,000-4,200,000-5,530,000-3,284,000-5,008,000-2,115,000
Stock84,600,00031,700,0007,500,000-300,000300,000-200,000500,000100,0000-20,000,0007,208,0004,479,000941,000-70,0008,042,000
Debtors162,300,000466,600,000313,000,000-343,500,000-112,700,000316,300,000-374,400,000294,700,000206,700,000190,300,00061,183,00048,975,00048,550,0006,314,000132,978,000
Creditors20,000,00022,000,00056,300,000-76,600,00040,500,00012,400,0005,700,00018,100,000-4,400,00010,000,0002,706,0002,989,000-5,062,000-614,00010,881,000
Accruals and Deferred Income332,800,000204,100,000622,200,000864,300,000-775,800,00040,500,000-264,000,000322,800,000190,900,000497,900,00026,388,00086,022,00045,460,00055,010,000148,620,000
Deferred Taxes & Provisions-400,00035,400,00016,000,00028,600,0000-6,400,000-11,200,00017,600,0000-68,700,0008,757,00014,638,00011,681,000363,00033,261,000
Cash flow from operations566,800,000191,900,000259,800,0001,021,100,000-340,000,000-13,200,000203,300,000154,400,00072,900,000286,600,000-3,740,00067,907,00013,378,00062,092,00058,158,000
Investing Activities
capital expenditure-423,800,000-200,600,000-261,800,000-102,700,000-239,800,000-566,200,000-13,200,000-67,900,000-7,800,000-54,700,000-16,427,000-2,819,000-2,731,000-3,331,000-7,643,000
Change in Investments0-18,100,0008,700,000-15,700,00021,100,000-17,600,00012,300,000-5,900,00013,900,0001,300,00000000
cash flow from investments-423,800,000-182,500,000-270,500,000-87,000,000-260,900,000-548,600,000-25,500,000-62,000,000-21,700,000-56,000,000-16,427,000-2,819,000-2,731,000-3,331,000-7,643,000
Financing Activities
Bank loans0000-1,400,0001,400,000000000000
Group/Directors Accounts-2,100,00045,900,000-19,100,000-158,200,000216,500,0000000-34,200,00019,285,0003,369,00011,543,0003,0000
Other Short Term Loans 000-739,500,000685,600,00012,200,0009,800,00031,900,0000-200,00050,0000150,00000
Long term loans250,200,000145,200,00021,400,000-185,700,000-34,600,000580,800,000-12,900,00016,100,000-20,700,00025,100,000-213,000-150,000463,00000
Hire Purchase and Lease Commitments169,100,00094,800,00025,300,000-103,000,000-48,900,000445,200,000000000000
other long term liabilities0000-2,800,0001,500,0001,300,00000000000
share issue8,100,000-192,300,000476,300,00018,300,000-64,400,000-48,700,000-20,000,00042,700,00060,000,000-84,200,000170,000200,000200,000320,00027,717,000
interest95,300,00026,500,000-9,100,000-11,200,000-3,600,000-26,700,0004,700,000-2,800,0002,300,0001,400,0001,300,0001,450,000571,000295,000133,000
cash flow from financing520,600,000120,100,000494,800,000-1,179,300,000746,400,000965,700,000-17,100,00087,900,00041,600,000-92,100,00020,592,0004,869,00012,927,000618,00027,850,000
cash and cash equivalents
cash402,200,000-1,800,000358,700,00012,100,000314,900,000-39,000,000-12,600,000164,700,00074,200,000138,400,000-6,875,00059,957,00023,574,00059,379,00078,365,000
overdraft0000000-5,300,000-7,800,00013,100,00000000
change in cash402,200,000-1,800,000358,700,00012,100,000314,900,000-39,000,000-12,600,000170,000,00082,000,000125,300,000-6,875,00059,957,00023,574,00059,379,00078,365,000

jet2.com 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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Jet2.com Limited Competitor Analysis

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Perform a competitor analysis for jet2.com limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in LS19 area or any other competitors across 12 key performance metrics.

jet2.com limited Ownership

JET2.COM LIMITED group structure

Jet2.Com Limited has 1 subsidiary company.

Ultimate parent company

1 parent

JET2.COM LIMITED

02739537

1 subsidiary

JET2.COM LIMITED Shareholders

jet2 plc 100%

jet2.com limited directors

Jet2.Com Limited currently has 15 directors. The longest serving directors include Mr Ian Doubtfire (Aug 1994) and Mr Philip Ward (Jan 2005).

officercountryagestartendrole
Mr Ian Doubtfire70 years Aug 1994- Director
Mr Philip Ward61 years Jan 2005- Director
Mr Stephen Heapy55 years Jul 2011- Director
Mr Christopher Hubbard64 years Jun 2012- Director
Mr Gary Brown58 years Apr 2013- Director
Mr Gary Isaacs62 years Jun 2014- Director
Mr William Dobson63 years Apr 2015- Director
Mr Ian Day52 years Feb 2016- Director
Mr Adam Mulroy42 years Feb 2018- Director
Mr Gavin Forth59 years Feb 2018- Director

P&L

March 2024

turnover

6.3b

+24%

operating profit

357.1m

+5%

gross margin

18%

+17.01%

turnover

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

Balance Sheet

March 2024

net assets

818.2m

+0.77%

total assets

4b

+0.27%

cash

1.6b

+0.33%

net assets

Total assets minus all liabilities

jet2.com limited company details

company number

02739537

Type

Private limited with Share Capital

industry

51210 - Freight air transport

51102 - Non-scheduled passenger air transport

51101 - Scheduled passenger air transport

incorporation date

August 1992

age

32

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

March 2024

previous names

channel express (air services) limited. (January 2006)

channel express air services u.k. limited (November 1992)

accountant

-

auditor

KPMG LLP

address

low fare finder house, leeds bradford airport, yeadon, leeds, west yorkshire, LS19 7TU

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

HERBERT SMITH FREEHILLS LLP BIRD & BIRD LLP NORTON ROSE FULBRIGHT LLP

jet2.com 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 120 charges/mortgages relating to jet2.com limited. Currently there are 54 open charges and 66 have been satisfied in the past.

charges

jet2.com limited Companies House Filings - See Documents

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