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DEFR provides instant access to reports for approximately two
million European companies, many of them containing full financial
accounts.
DEFR contains full reports, many with full financials for European
companies of commercial significance - large and small, quoted and
non-quoted, public and private, from all sectors of industry and
commerce.
The following 13 countries are covered:
Andorra Germany Luxembourg Portugal United Kingdom
Belgium Ireland Monaco San Marino
France Italy The Netherlands Spain
Most company records contain reference and financial information in
a consistent, standardised form which allows you to make easy
comparisons between companies in different countries.
The reference information includes: company name; trading address;
telephone and fax numbers; company history; senior management names
and job titles and other directorships; legal status; line of
business; bankers; shareholders; parent companies and subsidiaries.
The financial information includes the latest three years financial
comparatives in local currency and US Dollars; the Balance Sheet and
Profit & Loss account for the most recent year, also in local
currency and US Dollars; the company's nominal and issued capital;
and financial ratios.
Use DEFR to find:
- European food and drink manufacturers with sales greater than US$
10 million and a current ratio greater than 2
- companies in France, Germany and the UK with total assets greater
than US$ 4 million
- Irish companies which have filed accounts later than 1992 and are
operating at a profit
- lowly geared Spanish and Portuguese companies involved in the
automotive industry, with more than 250 employees
- companies in Italy which bank with Banca Commerciale del Lavoro
Sources:
All data provided in DEFR is compiled from the latest available
accounts and interviews by Dun & Bradstreet's experienced team of
analysts across Europe.
Accession number & update
Duns No: 29-974-0373 D-S Update: 941019.
Company name
AIRLINES OF BRITAIN HOLDINGS PLC.
Address
DONINGTON HALL
CASTLE DONINGTON.
DERBY DE7 2SB
DERBYSHIRE.
UNITED KINGDOM.
Telecommunications
Telephone: 0332-854000
Fax: 0332-854662.
Company history
Registration number: 2107441
Registered office address: DONINGTON HALL, CASTLE DONINGTON,
DERBY,
DE7 2RQ
VAT number: GB 000354401186
Business started: 1987
Date of incorporation: 06 March 1987 (19870306)
Legal form: Public Limited Company.
Activities
Activities: Holding company (100%) for a group engaged as airline
operators, of which British Midland Airways is the principal.
Three other airlines are included in the Group's activites.
Business history: AUDITORS:- K P M G Peat Marwick, 1 Puddle Dock,
Blackfriars, London EC4V 3PD.
Export(s): 37% to Europe
Subject occupies offices at the heading address
Premises are owned
Employees: 4807.
US SIC codes
Primary: 6711 HOLDING COMPANY
Secondary: 4511 AIR TRANSPORTATION - CERTIFIED CARRIERS.
Management
Sir Michael D Bishop, Cbe, Chairman
Other directorships: Loganair Ltd, British Midland (Acceptances)
Ltd, British Midland Holdings Ltd, British Midland Airways Ltd,
D'Oyly Carte Opera Trust Ltd (The), AIRTOURS PLC, Midland Airport
Services Ltd, Midland Airport Services (Holdings) Ltd, London
City Airways Ltd, Manx Airlines Holdings Ltd, B B W Partnership
Ltd (The), Fc870850 Limited, London City Airways (Holdings) PLC,
International Cargo Marketing Ltd, Manx Airlines (Europe) Ltd,
Harrop Services Ltd.
Mr John T Wolfe, Managing Director
Other directorships: Loganair Ltd, British Midland (Acceptances)
Ltd, British Midland Holdings Ltd, British Midland Airways Ltd,
Midland Airport Services Ltd, Midland Airport Services (Holdings)
Ltd, London City Airways Ltd, Manx Airlines Holdings Ltd, B B W
Partnership Ltd (The), Fc870850 Limited, London City Airways
(Holdings) PLC, International Cargo Marketing Ltd, Manx Airlines
(Europe) Ltd.
Mr Austin Reid, Financial director/Administrative manager
Other directorships: Loganair Ltd, British Midland (Acceptances)
Ltd, British Midland Holdings Ltd, British Midland Airways Ltd,
Midland Airport Services Ltd, London City Airways Ltd, Manx
Airlines Holdings Ltd, Fc870850 Limited, London City Airways
(Holdings) PLC, International Cargo Marketing Ltd, Manx Airlines
(Europe) Ltd.
Mr Sven A Heiding, Director
Other directorships: British Midland Airways Ltd.
Mr Stuart F Balmforth
Other directorships: Loganair Ltd, British Midland (Acceptances)
Ltd, British Midland Holdings Ltd, British Midland Airways Ltd,
Midland Airport Services Ltd, Midland Airport Services (Holdings)
Ltd, London City Airways Ltd, Manx Airlines Holdings Ltd, B B W
Partnership Ltd (The), Fc870850 Limited, London City Airways
(Holdings) PLC, International Cargo Marketing Ltd, Manx Airlines
(Europe) Ltd.
Kjell N Fredheim, Director
Mr Grahame N Elliott, Cbe
Other directorships: Loganair Ltd, East Lancashire Masonic
Benevolent Institution (Incorporated)(TH, French, Thomas, & Sons
PLC, British Midland Airways Ltd, Pownall Hall School Trust
Limited, BOOTH GROUP LTD, Booth Dispensers Ltd, Morley Howard
Construction Co Ltd, Archlodge Limited, Pierdor Enterprises
Limited, Modecity Limited, P K I Ltd, Performance Management
Limited, Harrop Services Ltd.
Employees
4807.
Professional advisors
National Westminster Bank PLC, Colmore Centre, 103 Colmore Row,
Birmingham B3 3NS.
Bank sort code: 600235
Isle of Man Bank Limited, Market St, Castletown, Isle of Man.
Bank sort code: 559104
Royal Bank of Scotland PLC, 113 Buchanan St, Glasgow G1 2SP.
Bank sort code: 830706.
Parents and subsidiaries
Parent information:
B B W Partnership Ltd (The)
Derby DE7 2SB
U K
Parent Duns no: 39-030-7585
Percentage owned: 55 %
Subsidiaries information:
British Midland Airways Ltd
Percentage owned: 100 %
British Midland Holdings Ltd
Percentage owned: 100 %
Loganair Ltd
Percentage owned: 100 %
London City Airways Ltd
Percentage owned: 100 %
Manx Airlines Holdings Ltd
Percentage owned: 100 %
Diamond Insurance Ltd - Isle of Man
Percentage owned: 100 %
London City Airways (Holdings) PLC
Percentage owned: 100 %
Manx Airport Services Ltd
Percentage owned: 100 %.
Capital
Nominal capital: UK Pounds 17,246,897
US Dollars 26,244,603
Issued and paid in capital: UK Pounds 14,997,302
US Dollars 22,821,394.
Financial comparatives
FINANCIAL COMPARATIVES IN LOCAL CURRENCY
Fiscal Fiscal Fiscal
31-12-91 31-12-92 31-12-93
000's 000's 000's
Consolidated Consolidated Consolidated
UK Pounds UK Pounds UK Pounds
Net Sales 342,266 392,002 460,513
Exports 129,811 - -
Pretax Profit 2,111 834 -3,520
Net Worth 19,583 19,885 16,142
Total Fixed Assets 92,756 90,206 55,830
Current Assets 83,725 87,148 91,647
Current Liabilities 83,155 86,061 89,500
Working Capital 570 1,087 2,147
Number of Employees (actual) 3,905 4,318 4,807
Net Assets 176,696 177,374 147,497
Long-Term Debt 73,958 71,428 41,855
Total Liabilities 157,113 157,489 131,355
FINANCIAL COMPARATIVES IN US DOLLARS
Fiscal Fiscal Fiscal
31-12-91 31-12-92 31-12-93
actual actual actual
Consolidated Consolidated Consolidated
Net Sales 520,826,172 596,509,443 700,762,632
Exports 197,533,398 - -
Pretax Profit 3,212,308 1,269,097 -5,356,384
Net Worth 29,799,451 30,259,004 24,563,281
Total Fixed Assets 141,146,805 137,266,470 84,956,511
Current Assets 127,404,332 132,613,111 139,459,239
Current Liabilities 126,536,963 130,959,023 136,192,150
Working Capital 867,369 1,654,087 3,267,089
Number of Employees 3,905 4,318 4,807
Net Assets 268,878,303 269,910,015 224,446,184
Long-Term Debt 112,541,888 108,691,987 63,690,753
Total Liabilities 239,078,852 239,651,011 199,882,903.
Sundry financial info
ADDITIONAL NOTES TO LATEST YEARS ACCOUNTS
Sales: 460,513,000
Year of Sales: 1993
Source of Sales: From Accounts.
Financials - local curr.
ABSTRACT FROM FISCAL BALANCE SHEET 31-12-93 IN LOCAL CURRENCY
Start period of accounts: 01-01-93
End period of accounts: 31-12-93
Consolidated Accounts
Financial figures in units of: 000's UK Pounds
ASSETS
LONG-TERM ASSETS
Land and Buildings 11,966
Fixtures and Equipment 43,864
Long-Term Investments 20
SHORT-TERM ASSETS
Total of Net Stocks
and Work in Progress 10,274
Trade Debtors 37,419
Other Receivables 6,553
Prepaid Expenses 14,412
Cash and Liquid Assets 20,543
Other Current Assets 2,446
Total Current Assets 91,647
Total Assets 147,497
LIABILITIES
SHORT-TERM LIABILITIES
Trade Creditors 26,480
Bank Loans and Overdrafts 7,174
Tax and Social Security Charges 2,151
Other Current Liabilities 582
Accruals and Deferred Income 53,113
Total Current Liabilities 89,500
LONG-TERM LIABILITIES
Deferred Taxation 6,070
Mortgages and Loans 35,785
SHAREHOLDERS EQUITY
Issued Capital 14,997
Share Premium Account 13,102
Total Reserves -11,767
Retained Earnings -190
Total Liabilities
(including Net Worth) 147,497
BALANCE SHEET EXPLANATIONS
Worth without other
specified intangibles: New operations & aircraft
introductory costs
Other current assets consist of: aircraft maintenance costs
1,236, deferred expenditure
Other current liab. consist of: other creditors
Inventory valued at: lower of cost or market
Other explanations supporting
financial statement items: Other tax consists of
deferred tax 753 less tax in
respect of prior years 290.
Other financial expenses:-
Amounts written off
investments. Other
deductions:- Transfer to
statutory reserve. Other
additions:- Transfer from
revaluation account.
Fixed assets -
less accumulated depreciation: 41,954
Long-Term debt/liabilities: tax
Description of investments: listed & unlisted stock.
PROFIT & LOSS ACCOUNT 31-12-93
Net Sales 460,513
Other Operating Income 4,258
Cost of Sales 407,209
Gross profit 53,304
General Expenses 62,696
Total Payroll Costs 87,366
Fixed Asset Depreciation
& Amortization 14,838
Net Operating Income -5,134
Interest received from loans 728
Other Income 5,600
Total Financial Income 6,328
Interest Payable on loans 4,714
Total Expenses 4,714
Profit before Tax -3,520
Other Taxes 294
Total Tax -71
Profit after Tax and before
Extraordinary Items -3,743
Net Loss 3,743.
Financials - US Dollars
ABSTRACT FROM FISCAL BALANCE SHEET 31-12-93 IN US DOLLARS
Start period of accounts 01-01-93
End period of accounts 31-12-93
Consolidated Accounts
Financial Figures in units of: Actual US Dollars
ASSETS
LONG-TERM ASSETS
Land and Buildings 18,208,662
Fixtures and Equipment 66,747,848
Long-Term Investments 30,434
SHORT-TERM ASSETS
Total of Net Stocks
and Work in Progress 15,633,945
Trade Debtors 56,940,492
Other Receivables 9,971,700
Prepaid Expenses 21,930,740
Cash and Liquid Assets 31,260,283
Other Current Assets 3,722,078
Total Current Assets 139,459,239
Total Assets 224,446,184
LIABILITIES
SHORT-TERM LIABILITIES
Trade Creditors 40,294,616
Bank Loans and Overdrafts 10,916,675
Tax and Social Security Charges 3,273,176
Other Current Liabilities 885,629
Accruals and Deferred Income 80,822,052
Total Current Liabilities 136,192,150
LONG-TERM LIABILITIES
Deferred Taxation 9,236,719
Mortgages and Loans 54,454,034
SHAREHOLDERS EQUITY
Issued Capital 22,820,934
Share Premium Account 19,937,313
Total Reserves -17,905,843
Retained Earnings -289,123
Total Liabilities
(including Net Worth) 224,446,184
BALANCE SHEET EXPLANATIONS
Worth without other
specified intangibles: New operations & aircraft
introductory costs
Other current assets consist of: aircraft maintenance costs
1,236, deferred expenditure
Other current liab. consist of: other creditors
Inventory valued at: lower of cost or market
Other explanations supporting
financial statement items: Other tax consists of
deferred tax 753 less tax in
respect of prior years 290.
Other financial expenses:-
Amounts written off
investments. Other
deductions:- Transfer to
statutory reserve. Other
additions:- Transfer from
revaluation account.
Fixed assets -
less accumulated depreciation: 63,841,401
Long-Term debt/liabilities: tax
Description of investments: listed & unlisted stock.
PROFIT & LOSS ACCOUNT 31-12-93
Net Sales 700,762,632
Other Operating Income 6,479,398
Cost of Sales 619,649,935
Gross profit 81,112,696
General Expenses 95,404,503
Total Payroll Costs 132,944,842
Fixed Asset Depreciation
& Amortization 22,578,984
Net Operating Income -7,812,407
Interest received from loans 1,107,797
Other Income 8,521,520
Total Financial Income 9,629,317
Interest Payable on loans 7,173,293
Total Expenses 7,173,293
Profit before Tax -5,356,384
Other Taxes 447,379
Total Tax -108,040
Profit after Tax and before
Extraordinary Items -5,695,723
Net Loss 5,695,723.
Ratios
31-12-91 31-12-92 31-12-93
Current Ratio 1.0 1.0 1.0
Acid test 0.7 0.7 0.6
Total Liabilities to Net Worth 802.3 792.0 813.7
Current Liab. to Net Worth 424.6 432.8 554.5
Current Liabilities to Stock 1,029.9 930.1 871.1
Fixed Assets to Net Worth 473.7 453.6 345.9
Collection Period by Days 40.5 33.1 29.7
Stock Turnover Rate 42.4 42.4 44.8
Sales to Net Working Capital 600.5 360.6 214.5
Asset Utilisation 51.6 45.2 32.0
Creditors to Sales 23.8 23.5 21.0
Asset Turnover 193.7 221.0 312.2
Profit Margin 0.6 0.2 -0.8
Return on Assets 1.2 0.5 -2.4
Return on Shareholders 10.8 4.2 -21.8
Sales per Employee 87.6 90.8 95.8
Profit per Employee 0.5 0.2 -0.7
Return on Capital 2.3 0.9 -6.1
Capital per Employee 24.0 21.1 12.1
Average Wage per Employee 16.3 17.8 18.2.
Comments
Other special event:
SHARE STAKE:- It was reported in the national press during
November 1993, that Michael Bishop, British Midland Airways's
Chairman confirmed that Scandinavian Airlines Systems would take
up its option to acquire next July a further 5 per cent stake in
subje BOARD CHANGE:- It was reported in a signed statement
received from subject and dated 04.07.94 that Steffen Harporth
has resigned from the Board. Kjell N Fredheim has been appointed
Non Executive Director. Former Name: 40th Legibus PLC Date of
Name change: 140587.
Labels/description Example
AN Accession number & update 1_: 29-974-0373.AN.
2_: 941019.AN.
CO Company name 3_: AIRLINES WITH BRITAIN.CO.
(superlabel for TN)
TN Trading style 4_: CDM.TN.
AD Address 5_: DERBYSHIRE.AD.
(superlabel for ST LO CN)
ST Street 6_: DONINGTON ADJ HALL.ST.
LO Location (town/city) 7_: DERBYSHIRE.LO.
CN Country 8_: UNITED ADJ KINGDOM.CN.
TL Telecommunications 9_: 854000.TL.
HI Company history 10_: PUBLIC ADJ LIMITED ADJ
COMPANY.HI.
OP Activities 11_: AIRLINE.OP.
CC US SIC Codes 12_: 4511.CC.
# at 1,2,3 digits 13_: 45#.CC.
(superlabel for MJ MN)
MJ Primary SIC code 14_: 6111.MJ.
MN Secondary SIC codes 15_: 7392.MN.
LC Local industry codes 16_: 2111.LC.
MM Management 17_: BISHOP.MM.
EM Employees - see Limit options -
PR Professional advisors 18_: NATIONAL ADJ WESTMINSTER
ADJ BANK.PR.
PS Parents and subsidiaries 19_: BRITISH ADJ MIDLAND.PS.
BR Branches 20_: '7'.BR.
CA Capital - see Limit options -
SH Shareholding information 21_: PRINCIPAUTE.SH.
FC Financial comparatives - see Limit options -
SM Sundry financial information 22_: '1993'.SM.
FI Financials - local currency - see Limit options -
FS Financials - US Dollars - see Limit options -
RA Ratios - see Limit options -
CM Comments 23_: SHARE ADJ STAKE.CM.
AN Accession number 1_: AN=428736581
LO Town/city 2_: LO=DUBLIN
CN Country 3_: CN=FRANCE
YR Year started/incorporation* 4_: YR=1956
when YR not available 5_: YR=NA
CC US SIC codes 6_: CC=7392
MJ Primary US SIC code 7_: MJ=5945
MN Secondary US SIC codes 8_: MN=1623
PS Parent Duns number 9_: PS=409296712
LA Year of latest accounts 10_: LA=93
FI Bal. Sheet & P&L not available 11_: FI=NA
EM Employees (not available) 12_: EM=NA
SA Sales (not available) 13_: SA=NA
PR Negative Pre-tax Profit 14_: PR=NEG
OP Negative Operating Profit 15_: OP=NEG
NW Negative Net Worth 16_: NW=NEG
WC Negative Working Capital 17_: WC=NEG
* The YR= quick code is designed to work on the 'Business started'
entry in the HI paragraph. If, for some reason, this information is
not available then the system will look at the 'Date of
incorporation' entry in the same paragraph as the alternative date.
if neither of these dates is present then the YR=NA (not available)
function will be invoked.
1_: RETAIL$.OP, MJ.
UD Update date YYMMDD 2_: ..L 1 UD>941201
YR Business started/Date of 3_: ..L 1 YR<1961
incorporation
EM Employees 4_: ..L 1 EM GT 100
USCA Issued capital in US Dollars 5_: ..L 1 USCA LT 100
LA Date of latest accounts 6_: ..L 1 LA>921231
SA Sales in local currency 7_: ..L 1 SA>5000
In the FC paragraph (US Dollars):
TF Total fixed assets 8_: ..L 1 TF>100000
NW Net Worth 9_: 1 NOT NW=NEG
10_: ..L 9 NW<6
WC Working Capital 11_: ..L 1 WC WL 2000,4000
In the FS paragraph (US Dollars):
CU Total Current Assets 12_: ..L 1 CU WL 3000,7000
TA Total Assets 13_: ..L 1 TA<200000
CL Total Current Liabilities 14_: ..L 1 CL GT 2500
LL Total Long-term Liabilities 15_: ..L 1 LL LT 84000
TL Total Liabilities 16_: ..L 1 TL>40000
BO Bank Loans & Overdrafts 17_: ..L 1 BO>8500
USSA Sales in US Dollars 18_: ..L 1 USSA<47000000
PR Pre-tax Profit 19_: 1 NOT PR=NEG
20_: ..L 19 PR>200
OP Operating Profit 21_: ..L 1 OP WL 7500,8500
EX Exports 22_: ..L 1 EX>16000
In the RA paragraph:
QR Quick Ratio 23_: ..L 1 QR>2
CR Current Ratio 24_: ..L 1 CR WL 1,3
PM Profit Margin 25_: ..L 1 PM WL 5,15
TN Liabilities/Net Worth (%) 26_: ..L 1 TN<40
RC Return on Capital (%) 27_: ..L 1 RC>10.
By paragraph - company name and address _: ..P CO, AD 1-10
SHORT AN CO (TN) AD (ST LO CN) TL
MEDIUM AN CO (TN) AD (ST LO CN) TL HI OP CC (MJ MN) LC MM EM
LONG AN CO (TN) AD (ST LO CN) TL FC SM FI FS RA
FREE AN CC (MJ MN) LC
ALL AN CO (TN) AD (ST LO CN) TL HI OP CC (MJ MN) LC MM EM PR PS
BR CA SH FC SM FI FS RA CM
_: ..P LONG 2,5,14.
..LIMITing BELOW a value:
If you wish to LIMIT a result to a figure BELOW a certain value, you
must first remove any companies in the result for which this
information is not available. For example, to find confectionery
companies with sales below 50 million US Dollars, type:
1_: CONFECTIONERY.CC.
2_: 1 NOT SA=NA (remove the 'not availables')
3_: ..L 2 USSA<50000000 (..LIMIT the result)
..LIMITing to NEGATIVE values:
To find companies with negative figures, for example: companies
which are currently operating at a loss, type:
4_: PR=NEG
Database size:
Type DOCZ at any time to retrieve the total number of documents
currently in the database.
Search Options:
..SET PLURALS ON can be selected in DEFR.
..RANK and ..MAP: Are available in the AN and CO paragraphs.
Guides:
The guide to DEFR is published in the DataStar Business Manual,
Berne, and online in BASE - search BASE-DEFR.
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CONSEQUENTIAL DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.
3. IF, NOTWITHSTANDING PARAGRAPHS 2 AND 3 ABOVE, LIABILITY CAN BE
IMPOSED ON D&B AND/OR DataStar, THEN YOU AGREE THAT D&B'S AND
DataStar'S AGGREGATE LIABILITY, IF ANY, FOR ANY AND ALL LOSSES
OR INJURIES TO YOU (AND/OR YOUR CUSTOMER IN THE CASE OF AN
INFORMATION PROFESSIONAL) ARISING OUT OF ANY ACTS OR OMISSIONS OF
D&B AND/OR DataStar IN CONNECTION WITH ANYTHING TO BE DONE OR
FURNISHED HEREUNDER, REGARDLESS OF THE CAUSE OF THE LOSS OR
INJURY (INCLUDING NEGLIGENCE) AND REGARDLESS OF THE EQUITABLE
RIGHT CLAIMED TO HAVE BEEN VIOLATED, SHALL NEVER EXCEED THE
AMOUNT PAID BY YOU FOR THE SERVICES FURNISHED HEREUNDER DURING
THE PREVIOUS TWELVE MONTH PERIOD OR US$ 5,000.- EQUIVALENT,
WHICHEVER IS GREATER, AND YOU COVENANT AND PROMISE THAT YOU WILL
NOT SUE D&B AND/OR DataStar FOR AN AMOUNT GREATER THAN SUCH SUM
AND THAT YOU WILL NOT SEEK PUNITIVE DAMAGES IN ANY SUIT AGAINST
D&B AND/OR DataStar.
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