Jetsmart Holdings Limited

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jetsmart holdings limited Company Information

Company Number

10314572

Next Accounts

Sep 2025

Directors

Brian Franke

William Franke

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Shareholders

indigo andean partners lp

american airlines inc.

Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Registered Address

4 coleman street, 6th floor, london, EC2R 5AR

Website

jetsmart holdings limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of JETSMART HOLDINGS LIMITED at £1b based on a Turnover of £406.2m and 2.5x industry multiple (adjusted for size and gross margin).

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Jetsmart Holdings Limited is a live company located in london, EC2R 5AR with a Companies House number of 10314572. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2016, it's largest shareholder is indigo andean partners lp with a 64.6% stake. Jetsmart Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £406.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Jetsmart Holdings Limited a 4 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 Rating4out of 5

6 Strong

2 Regular

3 Weak

Size

annual sales of £406.2m, make it larger than the average company (£18.9m)

Growth

3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (10.5%)

EXPORT

Jetsmart Holdings Limited's latest turnover from December 2023 is £406.2 million and the company has net assets of £9.2 million. According to their latest financial statements, Jetsmart Holdings Limited has 1,342 employees and maintains cash reserves of £13.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	406,171,745	354,118,302	170,065,731	82,731,843	120,936,009	72,354,588	11,615,211
Other Income Or Grants
Cost Of Sales	258,585,048	225,945,830	134,465,841	81,517,728	128,853,927	82,121,355	17,536,261
Gross Profit	147,586,697	128,172,472	35,599,890	1,214,115	-7,917,918	-9,766,767	-5,921,050
Admin Expenses	207,928,973	161,627,921	64,036,188	38,042,988	39,380,565	11,180,987	4,879,588
Operating Profit	-60,342,276	-33,455,449	-28,436,298	-36,828,873	-47,298,483	-20,947,754	-10,800,638
Interest Payable	30,370,201	37,200,579	22,050,735	17,994,852	1,853,897	786,554	179,599
Interest Receivable	18,778,651	10,482,230	16,509,078	2,734,360	2,034,979	153,700	21,305
Pre-Tax Profit	-51,868,678	-69,461,073	-91,489,574	-72,519,291	-71,705,651	-28,626,651	-15,082,680
Tax	13,957,745	25,144,274	36,497,051	12,810,765	12,221,722	6,994,635	4,092,952
Profit After Tax	-37,910,933	-44,316,799	-54,992,523	-59,708,527	-59,483,929	-21,632,016	-10,989,728
Dividends Paid
Retained Profit	-37,910,933	-44,316,799	-54,992,523	-59,708,527	-59,483,929	-21,632,016	-10,989,728
Employee Costs	51,294,183	38,984,581	26,539,412	22,631,425	21,567,860	1,582,487	1,335,524
Number Of Employees	1,342	940	783	547	784	280	57
EBITDA*	-58,845,525	-32,021,806	-27,364,652	-35,306,214	-46,652,353	-18,898,041	-10,648,884

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets	240,062,582	181,691,815	548,985,825	829,478,146	751,129,317	33,050,259	16,762,875
Intangible Assets	684,113,137	460,764,937	17,399,717	16,191,218	11,458,867	2,667,931	1,789,599
Investments & Other
Debtors (Due After 1 year)	231,288,610	172,752,867	136,028,214	414,235,702	374,935,410
Total Fixed Assets	924,175,718	642,456,751	500,608,338	431,526,003	387,720,512	35,718,189	18,552,474
Stock & work in progress						160,949	124,973
Trade Debtors	16,701,063	14,545,908	11,757,131	4,581,088	8,327,237	3,427,737	1,095,129
Group Debtors				33,691
Misc Debtors	7,524,143	2,739,805	8,399,897	2,547,766	3,763,990	339,385	97,229
Cash	13,671,743	103,968,617	22,477,729	9,132,406	7,671,847	7,239,054	5,436,868
misc current assets	60,828,504	53,326,799	4,821,621	3,147,575	2,391,234	2,710,522	1,437,574
total current assets	120,449,336	188,257,183	54,468,415	22,102,769	24,906,362	13,877,649	8,191,775
total assets	1,044,625,054	830,713,934	555,076,753	453,628,772	412,626,874	49,595,838	26,744,249
Bank overdraft
Bank loan
Trade Creditors	73,457,342	55,074,289	33,605,280	9,786,584	20,475,980	10,240,377	3,854,146
Group/Directors Accounts		23,001,895				1	2,522,624
other short term finances	3,159,058	3,159,058	3,224,246	2,822,131	3,115,484	12,810,509	6,236,349
hp & lease commitments	109,728,928	77,611,258
other current liabilities	126,266,306	139,457,701	117,557,968	82,941,433	74,280,613	18,704,468	6,605,054
total current liabilities	312,611,637	298,304,205	154,387,495	95,550,149	97,872,079	41,755,357	19,218,174
loans	1,424,947,848	992,978,099	444,671,823	400,345,414	344,145,029	2,635,996
hp & lease commitments	702,085,796	485,311,293
Accruals and Deferred Income
other liabilities			4,031,903	108,143,786	57,213,468	29,925,263	19,116,531
provisions
total long term liabilities	722,862,052	507,666,806	448,703,727	508,489,200	401,358,497	32,561,260	19,116,531
total liabilities	1,035,473,689	805,971,011	603,091,222	604,039,349	499,230,576	74,316,617	38,334,705
net assets	9,151,365	24,742,923	-48,014,468	-150,410,577	-86,603,702	-24,720,779	-11,590,456
total shareholders funds	9,151,365	24,742,923	-48,014,468	-150,410,576	-86,603,702	-24,720,779	-11,590,456

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	-60,342,276	-33,455,449	-28,436,298	-36,828,873	-47,298,483	-20,947,754	-10,800,638
Depreciation	295,418	329,213	336,684	433,814	158,814	57,656	22,636
Amortisation	1,201,333	1,104,429	734,962	1,088,845	487,316	1,992,057	129,118
Tax	13,957,745	25,144,274	36,497,051	12,810,765	12,221,722	6,994,635	4,092,952
Stock					-160,949	35,976	124,973
Debtors	65,475,236	33,853,338	-265,213,005	34,371,610	383,259,515	2,574,764	1,192,358
Creditors	18,383,052	21,469,010	23,818,696	-10,689,396	10,235,603	6,386,231	3,854,146
Accruals and Deferred Income	-13,191,395	21,899,733	34,616,535	8,660,820	55,576,145	12,099,414	6,605,054
Deferred Taxes & Provisions
Cash flow from operations	-105,171,359	2,637,872	332,780,635	-58,895,635	-351,717,449	3,971,499	2,585,937
Investing Activities
capital expenditure	-283,215,718	-77,504,852	278,212,176	-84,603,840	-727,516,124	-19,215,428	-18,704,229
Change in Investments
cash flow from investments	-283,215,718	-77,504,852	278,212,176	-84,603,840	-727,516,124	-19,215,428	-18,704,229
Financing Activities
Bank loans
Group/Directors Accounts	-23,001,895	23,001,895			-1	-2,522,623	2,522,624
Other Short Term Loans		-65,188	402,115	-293,353	-9,695,025	6,574,160	6,236,349
Long term loans	431,969,749	548,306,276	44,326,409	56,200,385	341,509,033	2,635,996
Hire Purchase and Lease Commitments	248,892,173	562,922,551
other long term liabilities		-4,031,903	-104,111,883	50,930,318	27,288,205	10,808,732	19,116,531
share issue	22,319,375	117,074,190	157,388,631	-4,098,347	-2,398,994	8,501,692	-600,728
interest	-11,591,550	-26,718,349	-5,541,657	-15,260,492	181,082	-632,854	-158,294
cash flow from financing	668,587,852	1,220,489,472	92,463,615	87,478,511	356,884,300	25,365,103	27,116,482
cash and cash equivalents
cash	-90,296,874	81,490,888	13,345,323	1,460,559	432,793	1,802,186	5,436,868
overdraft
change in cash	-90,296,874	81,490,888	13,345,323	1,460,559	432,793	1,802,186	5,436,868

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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JETSMART HOLDINGS LIMITED group structure

Jetsmart Holdings Limited has 2 subsidiary companies.

Ultimate parent company

INDIGO ANDEAN PARTNERS LP

#0112020

1 parent

JETSMART HOLDINGS LIMITED

10314572

2 subsidiaries

INDIGO ARGENTINA PARTNERS LIMITED

11383702

ANDEAN AVIATION HOLDINGS LIMITED

12151970

JETSMART HOLDINGS LIMITED Shareholders

indigo andean partners lp	64.62%
american airlines inc.	35.38%

Jetsmart Holdings Limited currently has 10 directors. The longest serving directors include Mr Brian Franke (Aug 2016) and Mr William Franke (Aug 2016).

officer	country	age	start	end	role
Mr Brian Franke	United States	61 years	Aug 2016	-	Director
Mr William Franke	United States	87 years	Aug 2016	-	Director
Mr Jozsef Varadi	England	59 years	Jul 2018	-	Director
Mr Alejandro Wolff	England	68 years	Jul 2018	-	Director
Mr Horacio Scapparone	England	73 years	Jul 2018	-	Director
Mr Chad Schweinzger	England	38 years	Jun 2023	-	Director
Ms Gisela Escobar	England	50 years	Jan 2024	-	Director
Clarisa Lifsic	England	62 years	Jan 2024	-	Director
Ms Lucia Gazzani	England	58 years	Jan 2024	-	Director
Mr Jeffrey Ogar	England	51 years	Jan 2025	-	Director

P&L

December 2023

turnover

406.2m

+15%

operating profit

-60.3m

+80%

gross margin

36.4%

+0.39%

turnover

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

Balance Sheet

December 2023

net assets

9.2m

-0.63%

total assets

+0.26%

cash

13.7m

-0.87%

net assets

Total assets minus all liabilities

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company number

10314572

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

August 2016

ultimate parent company

INDIGO ANDEAN PARTNERS LP

previous names

indigo andean partners limited (October 2018)

address

4 coleman street, 6th floor, london, EC2R 5AR

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jetsmart holdings limited Company Information

jetsmart holdings limited Estimated Valuation

jetsmart holdings limited Estimated Valuation

jetsmart holdings limited Estimated Valuation

Jetsmart Holdings Limited Overview

Jetsmart Holdings Limited Health Check

JETSMART HOLDINGS LIMITED financials

jetsmart holdings limited Credit Report and Business Information

Jetsmart Holdings Limited Competitor Analysis

jetsmart holdings limited Ownership

jetsmart holdings limited directors

jetsmart holdings limited company details

jetsmart holdings limited Charges & Mortgages

jetsmart holdings limited Capital Raised & Share Issues BETA

jetsmart holdings limited Companies House Filings - See Documents