easyjet airline company limited

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easyjet airline company limited Company Information

Share EASYJET AIRLINE COMPANY LIMITED
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MatureMegaHigh

Company Number

03034606

Registered Address

hangar 89 london luton airport, luton, bedfordshire, LU2 9PF

Industry

Scheduled passenger air transport

 

Telephone

03303655000

Next Accounts Due

June 2025

Group Structure

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Directors

Johan Lundgren6 Years

Ann-Sophie Everest3 Years

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Shareholders

easyjet plc 100%

easyjet airline company limited Estimated Valuation

£6b

Pomanda estimates the enterprise value of EASYJET AIRLINE COMPANY LIMITED at £6b based on a Turnover of £8.5b and 0.71x industry multiple (adjusted for size and gross margin).

easyjet airline company limited Estimated Valuation

£4.1b

Pomanda estimates the enterprise value of EASYJET AIRLINE COMPANY LIMITED at £4.1b based on an EBITDA of £934m and a 4.35x industry multiple (adjusted for size and gross margin).

easyjet airline company limited Estimated Valuation

£0

Pomanda estimates the enterprise value of EASYJET AIRLINE COMPANY LIMITED at £0 based on Net Assets of £-181m and 2.57x industry multiple (adjusted for liquidity).

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Easyjet Airline Company Limited Overview

Easyjet Airline Company Limited is a live company located in bedfordshire, LU2 9PF with a Companies House number of 03034606. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in March 1995, it's largest shareholder is easyjet plc with a 100% stake. Easyjet Airline Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £8.5b with high growth in recent years.

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Easyjet Airline Company Limited Health Check

Pomanda's financial health check has awarded Easyjet Airline Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £8.5b, make it larger than the average company (£41.3m)

£8.5b - Easyjet Airline Company Limited

£41.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (0.7%)

28% - Easyjet Airline Company Limited

0.7% - Industry AVG

production

Production

with a gross margin of 13.7%, this company has a comparable cost of product (13.7%)

13.7% - Easyjet Airline Company Limited

13.7% - Industry AVG

profitability

Profitability

an operating margin of 3.3% make it more profitable than the average company (2.7%)

3.3% - Easyjet Airline Company Limited

2.7% - Industry AVG

employees

Employees

with 13905 employees, this is above the industry average (183)

13905 - Easyjet Airline Company Limited

183 - Industry AVG

paystructure

Pay Structure

on an average salary of £68.5k, the company has an equivalent pay structure (£57.5k)

£68.5k - Easyjet Airline Company Limited

£57.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £611.9k, this is more efficient (£266.6k)

£611.9k - Easyjet Airline Company Limited

£266.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (23 days)

5 days - Easyjet Airline Company Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is quicker than average (41 days)

14 days - Easyjet Airline Company Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Easyjet Airline Company Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (8 weeks)

17 weeks - Easyjet Airline Company Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 101.8%, this is a higher level of debt than the average (72.9%)

101.8% - Easyjet Airline Company Limited

72.9% - Industry AVG

EASYJET AIRLINE COMPANY LIMITED financials

EXPORTms excel logo

Easyjet Airline Company Limited's latest turnover from September 2023 is £8.5 billion and the company has net assets of -£181 million. According to their latest financial statements, Easyjet Airline Company Limited has 13,905 employees and maintains cash reserves of £2.9 billion 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
Turnover8,508,000,0006,387,000,0002,344,000,0004,068,000,0007,325,000,0006,234,000,0005,122,000,0004,728,000,0004,736,000,0004,569,000,0004,302,000,0003,890,000,0003,484,000,0002,997,000,0002,687,000,000
Other Income Or Grants000000000000000
Cost Of Sales7,340,334,2466,054,641,0292,261,895,2193,625,564,0116,727,802,0865,427,897,8404,469,082,1774,013,534,5923,639,242,1073,597,641,7993,425,925,7832,897,624,5742,844,381,7932,529,849,6050
Gross Profit1,167,665,754332,358,97182,104,781442,435,989597,197,914806,102,160652,917,823714,465,4081,096,757,893971,358,201876,074,217992,375,426639,618,207467,150,3950
Admin Expenses885,665,754357,358,971994,104,7811,318,435,989182,197,914365,102,160344,917,823318,465,408606,757,893534,358,201454,074,217766,375,426514,618,207496,150,395167,600,000
Operating Profit282,000,000-25,000,000-912,000,000-876,000,000415,000,000441,000,000308,000,000396,000,000490,000,000437,000,000422,000,000226,000,000125,000,000-29,000,000-167,600,000
Interest Payable300,000,000185,000,000240,000,000500,000,000104,000,00061,000,00033,000,00057,000,00025,000,00027,000,00033,000,00046,000,00035,000,00027,000,00032,000,000
Interest Receivable132,000,00026,000,00092,000,000114,000,00022,000,00012,000,00032,000,0008,000,0003,000,0006,000,0008,000,0009,000,0002,000,000024,200,000
Pre-Tax Profit154,000,000-287,000,000-1,038,000,000-1,262,000,000333,000,000392,000,000307,000,000347,000,000469,000,000420,000,000371,000,000166,000,00036,000,000-16,000,000-156,600,000
Tax-98,000,00029,000,000152,000,000182,000,000-68,000,000-77,000,000-65,000,000-50,000,000-115,000,000-104,000,000-81,000,000-31,000,000-19,000,0003,000,00032,600,000
Profit After Tax56,000,000-258,000,000-886,000,000-1,080,000,000265,000,000315,000,000242,000,000297,000,000354,000,000316,000,000290,000,000135,000,00017,000,000-13,000,000-124,000,000
Dividends Paid00000162,000,000214,000,000219,000,000180,000,000322,000,00000000
Retained Profit56,000,000-258,000,000-886,000,000-1,080,000,000265,000,000153,000,00028,000,00078,000,000174,000,000-6,000,000290,000,000135,000,00017,000,000-13,000,000-124,000,000
Employee Costs952,000,000799,000,000576,000,000757,000,000835,000,000770,000,000644,000,000540,000,000518,000,000506,000,000461,000,000425,000,000388,000,000332,000,000309,200,000
Number Of Employees13,90512,25912,05212,99513,76112,13910,7739,4118,9588,1807,8447,5247,0946,4085,989
EBITDA*934,000,000515,000,000-451,000,000-354,000,000911,000,000619,000,000465,000,000529,000,000598,000,000529,000,000507,000,000298,000,000166,000,000-13,000,000-156,400,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets4,824,000,0004,893,000,0004,936,000,0005,162,000,0005,337,000,0004,116,000,0003,292,000,0003,018,000,0002,580,000,0002,287,000,0002,016,000,0002,046,000,0001,707,000,000959,000,000283,200,000
Intangible Assets1,305,000,000579,000,000576,000,000593,000,000563,000,000548,000,000546,000,000519,000,000494,000,000480,000,000469,000,000458,000,000453,000,000454,000,000449,100,000
Investments & Other207,000,000158,000,000149,000,000122,000,000182,000,000176,000,000102,000,000162,000,00051,000,00046,000,00014,000,000153,000,000156,000,000140,000,000149,800,000
Debtors (Due After 1 year)0172,000,000191,000,000137,000,000146,000,0000000000000
Total Fixed Assets6,336,000,0005,472,000,0005,512,000,0005,755,000,0005,900,000,0004,664,000,0003,838,000,0003,537,000,0003,074,000,0002,767,000,0002,485,000,0002,504,000,0002,160,000,0001,413,000,000732,300,000
Stock & work in progress000000000000000
Trade Debtors128,000,00083,000,00047,000,00016,000,00081,000,000111,000,00091,000,00057,000,00058,000,00058,000,00092,000,000120,000,00081,000,00074,000,000155,500,000
Group Debtors006,000,00016,000,000000000158,000,000179,000,00029,000,00038,000,0001,000,000
Misc Debtors577,000,000356,000,000197,000,000179,000,000197,000,000293,000,000180,000,000160,000,000147,000,000134,000,00091,000,000116,000,00079,000,000111,000,00076,300,000
Cash2,878,000,0003,586,000,0003,483,000,0002,272,000,0001,554,000,0001,021,000,000710,000,000713,000,000656,000,0001,006,000,0001,180,000,000827,000,0001,041,000,000852,000,0001,071,100,000
misc current assets0918,000,000325,000,00033,000,000217,000,000584,000,000748,000,000523,000,000417,000,00053,000,00017,000,000214,000,000466,000,000411,000,000141,200,000
total current assets3,583,000,0004,943,000,0004,058,000,0002,532,000,0002,101,000,0002,009,000,0001,729,000,0001,453,000,0001,278,000,0001,251,000,0001,538,000,0001,456,000,0001,696,000,0001,486,000,0001,445,100,000
total assets9,919,000,00010,415,000,0009,570,000,0008,287,000,0008,001,000,0006,673,000,0005,567,000,0004,990,000,0004,352,000,0004,018,000,0004,023,000,0003,960,000,0003,856,000,0002,899,000,0002,177,400,000
Bank overdraft000000000000000
Bank loan000000037,000,0000045,000,00053,000,00058,000,00016,000,00014,600,000
Trade Creditors 292,000,000330,000,000159,000,000235,000,000277,000,000314,000,000196,000,000114,000,00096,000,000125,000,000110,000,000102,000,00083,000,00075,000,00093,700,000
Group/Directors Accounts5,197,000,00060,000,00003,000,000000047,000,00043,000,00000000
other short term finances1,683,000,00086,000,00031,000,000739,000,000138,000,00023,000,00082,000,000275,000,000368,000,00087,000,00000000
hp & lease commitments217,000,000257,000,000216,000,000257,000,000263,000,0009,000,0008,000,0008,000,0007,000,0006,000,0005,000,0004,000,0004,000,0002,000,0000
other current liabilities1,246,000,0007,535,000,0006,865,000,0004,974,000,0004,100,000,0003,507,000,0003,111,000,0002,332,000,0002,016,000,0002,492,000,0002,592,000,0002,674,000,0002,585,000,0002,283,000,0001,869,600,000
total current liabilities8,635,000,0008,268,000,0007,271,000,0006,208,000,0004,778,000,0003,853,000,0003,397,000,0002,766,000,0002,534,000,0002,753,000,0002,752,000,0002,833,000,0002,730,000,0002,376,000,0001,977,900,000
loans20,000,0003,483,000,0003,561,000,0002,196,000,0001,283,000,000278,000,000291,000,000482,000,000591,000,000587,000,000761,000,000966,000,0001,315,000,000200,000,00092,600,000
hp & lease commitments772,000,000882,000,000953,000,000602,000,000546,000,00089,000,00093,000,000103,000,0000099,000,000104,000,000000
Accruals and Deferred Income3,000,0003,000,0004,000,0005,000,0005,000,00017,000,00025,000,00036,000,00047,000,00062,000,00067,000,00046,000,00060,000,00057,000,00052,600,000
other liabilities4,000,0003,000,0003,000,000000000000000
provisions666,000,0001,178,000,000840,000,000702,000,0001,302,000,0001,252,000,000720,000,000722,000,000438,000,000430,000,000364,000,000378,000,000348,000,000288,000,000259,400,000
total long term liabilities1,465,000,0002,355,000,0002,271,000,0001,562,000,0001,393,000,000832,000,000583,000,000693,000,000612,000,000582,000,000650,000,000730,000,000905,000,000303,000,000229,900,000
total liabilities10,100,000,00010,623,000,0009,542,000,0007,770,000,0006,171,000,0004,685,000,0003,980,000,0003,459,000,0003,146,000,0003,335,000,0003,402,000,0003,563,000,0003,635,000,0002,679,000,0002,207,800,000
net assets-181,000,000-208,000,00028,000,000517,000,0001,830,000,0001,988,000,0001,587,000,0001,531,000,0001,206,000,000683,000,000621,000,000397,000,000221,000,000220,000,000-30,400,000
total shareholders funds-181,000,000-208,000,00028,000,000517,000,0001,830,000,0001,988,000,0001,587,000,0001,531,000,0001,206,000,000683,000,000621,000,000397,000,000221,000,000220,000,000-30,400,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit282,000,000-25,000,000-912,000,000-876,000,000415,000,000441,000,000308,000,000396,000,000490,000,000437,000,000422,000,000226,000,000125,000,000-29,000,000-167,600,000
Depreciation627,000,000519,000,000444,000,000506,000,000481,000,000163,000,000143,000,000121,000,00095,000,00080,000,00075,000,00064,000,00034,000,00010,000,0006,800,000
Amortisation25,000,00021,000,00017,000,00016,000,00015,000,00015,000,00014,000,00012,000,00013,000,00012,000,00010,000,0008,000,0007,000,0006,000,0004,400,000
Tax-98,000,00029,000,000152,000,000182,000,000-68,000,000-77,000,000-65,000,000-50,000,000-115,000,000-104,000,000-81,000,000-31,000,000-19,000,0003,000,00032,600,000
Stock000000000000000
Debtors94,000,000170,000,00093,000,000-76,000,00020,000,000133,000,00054,000,00012,000,00013,000,000-149,000,000-74,000,000226,000,000-34,000,000-9,800,000232,800,000
Creditors-38,000,000171,000,000-76,000,000-42,000,000-37,000,000118,000,00082,000,00018,000,000-29,000,00015,000,0008,000,00019,000,0008,000,000-18,700,00093,700,000
Accruals and Deferred Income-6,289,000,000669,000,0001,890,000,000874,000,000581,000,000388,000,000768,000,000305,000,000-491,000,000-105,000,000-61,000,00075,000,000305,000,000417,800,0001,922,200,000
Deferred Taxes & Provisions-512,000,000338,000,000138,000,000-600,000,00050,000,000532,000,000-2,000,000284,000,0008,000,00066,000,000-14,000,00030,000,00060,000,00028,600,000259,400,000
Cash flow from operations-6,097,000,0001,552,000,0001,560,000,000136,000,0001,417,000,0001,447,000,0001,194,000,0001,074,000,000-42,000,000550,000,000433,000,000165,000,000554,000,000427,500,0001,918,700,000
Investing Activities
capital expenditure-1,309,000,000-500,000,000-218,000,000-377,000,000-1,732,000,000-1,004,000,000-458,000,000-596,000,000-415,000,000-374,000,000-66,000,000-416,000,000-788,000,000-696,700,000-743,500,000
Change in Investments49,000,0009,000,00027,000,000-60,000,0006,000,00074,000,000-60,000,000111,000,0005,000,00032,000,000-139,000,000-3,000,00016,000,000-9,800,000149,800,000
cash flow from investments-1,358,000,000-509,000,000-245,000,000-317,000,000-1,738,000,000-1,078,000,000-398,000,000-707,000,000-420,000,000-406,000,00073,000,000-413,000,000-804,000,000-686,900,000-893,300,000
Financing Activities
Bank loans000000-37,000,00037,000,0000-45,000,000-8,000,000-5,000,00042,000,0001,400,00014,600,000
Group/Directors Accounts5,137,000,00060,000,000-3,000,0003,000,000000-47,000,0004,000,00043,000,00000000
Other Short Term Loans 1,597,000,00055,000,000-708,000,000601,000,000115,000,000-59,000,000-193,000,000-93,000,000281,000,00087,000,00000000
Long term loans-3,463,000,000-78,000,0001,365,000,000913,000,0001,005,000,000-13,000,000-191,000,000-109,000,0004,000,000-174,000,000-205,000,000-349,000,0001,115,000,000107,400,00092,600,000
Hire Purchase and Lease Commitments-150,000,000-30,000,000310,000,00050,000,000711,000,000-3,000,000-10,000,000104,000,0001,000,000-98,000,000-4,000,000104,000,0002,000,0002,000,0000
other long term liabilities1,000,00003,000,000000000000000
share issue-29,000,00022,000,000397,000,000-233,000,000-423,000,000248,000,00028,000,000247,000,000349,000,00068,000,000-66,000,00041,000,000-16,000,000263,400,00093,600,000
interest-168,000,000-159,000,000-148,000,000-386,000,000-82,000,000-49,000,000-1,000,000-49,000,000-22,000,000-21,000,000-25,000,000-37,000,000-33,000,000-27,000,000-7,800,000
cash flow from financing2,925,000,000-130,000,0001,216,000,000948,000,0001,326,000,000124,000,000-404,000,00090,000,000617,000,000-140,000,000-308,000,000-246,000,0001,110,000,000347,200,000193,000,000
cash and cash equivalents
cash-708,000,000103,000,0001,211,000,000718,000,000533,000,000311,000,000-3,000,00057,000,000-350,000,000-174,000,000353,000,000-214,000,000189,000,000-219,100,0001,071,100,000
overdraft000000000000000
change in cash-708,000,000103,000,0001,211,000,000718,000,000533,000,000311,000,000-3,000,00057,000,000-350,000,000-174,000,000353,000,000-214,000,000189,000,000-219,100,0001,071,100,000

easyjet airline company 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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Easyjet Airline Company Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for easyjet airline company 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.

easyjet airline company limited Ownership

EASYJET AIRLINE COMPANY LIMITED group structure

Easyjet Airline Company Limited has no subsidiary companies.

Ultimate parent company

1 parent

EASYJET AIRLINE COMPANY LIMITED

03034606

EASYJET AIRLINE COMPANY LIMITED Shareholders

easyjet plc 100%

easyjet airline company limited directors

Easyjet Airline Company Limited currently has 4 directors. The longest serving directors include Mr Johan Lundgren (Dec 2017) and Mrs Ann-Sophie Everest (Dec 2020).

officercountryagestartendrole
Mr Johan Lundgren58 years Dec 2017- Director
Mrs Ann-Sophie EverestEngland46 years Dec 2020- Director
Mr Alistair JarvisUnited Kingdom56 years Feb 2021- Director
Mr David MorganUnited Kingdom60 years Dec 2022- Director

P&L

September 2023

turnover

8.5b

+33%

operating profit

282m

-1228%

gross margin

13.8%

+163.74%

turnover

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

Balance Sheet

September 2023

net assets

-181m

-0.13%

total assets

9.9b

-0.05%

cash

2.9b

-0.2%

net assets

Total assets minus all liabilities

easyjet airline company limited company details

company number

03034606

Type

Private limited with Share Capital

industry

51101 - Scheduled passenger air transport

incorporation date

March 1995

age

29

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

September 2023

previous names

N/A

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

hangar 89 london luton airport, luton, bedfordshire, LU2 9PF

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

easyjet airline company 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 228 charges/mortgages relating to easyjet airline company limited. Currently there are 117 open charges and 111 have been satisfied in the past.

charges

easyjet airline company limited Companies House Filings - See Documents

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