AIR ONE AVIATION LIMITED
A subsidiary of Air One International Holdings Ltd, the business acts as the commercial engine for the group's cargo aviation network, providing capacity planning, sales, and revenue management services.
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Cash
£316k
USD 424,603
-87.7% vs 2023
Net assets
£22m
USD 29,576,957
+14.3% vs 2023
Employees
15
+15.4% vs 2023
Profit before tax
£3.3m
USD 4,439,006
+131.3% first positive since 2023
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-03-31 | 2020-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £492,398,721 | £233,330,368 | £185,885,683 | -20.3% | |
| Operating profit | — | — | £26,319,427 | £3,480,725 | £2,626,535 | -24.5% | |
| Profit before tax | — | — | £26,613,369 | -£10,524,079 | £3,299,150 | +131.3% | |
| Net profit | — | — | £22,843,219 | -£10,524,079 | £3,299,216 | +131.3% | |
| Cash | £292,713 | £2,170,105 | £22,540,783 | £2,575,567 | £315,573 | -87.7% | |
| Total assets less current liabilities | £171,946 | £928,803 | £36,097,790 | £19,328,654 | £22,043,438 | +14% | |
| Net assets | £102,817 | £788,861 | £34,851,288 | £19,226,403 | £21,982,131 | +14.3% | |
| Equity | £102,817 | £788,861 | £34,851,288 | £19,226,403 | £21,982,131 | +14.3% | |
| Average employees | 4 | 5 | 22 | 13 | 15 | +15.4% | |
| Wages | — | — | £1,001,959 | £1,284,009 | £1,394,545 | +8.6% | |
| Directors' remuneration | — | — | £90,780 | £11,146 | £206,064 | +1,748.8% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-09-30 | 2022-09-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | 5.3% | 1.5% | 1.4% | |
| Net margin | — | — | 4.6% | -4.5% | 1.8% | |
| Return on capital employed | — | — | 72.9% | 18.0% | 11.9% | |
| Gearing (liabilities / total assets) | — | — | 63.8% | 52.1% | 39.0% | |
| Current ratio | — | — | 1.43x | 1.14x | 1.37x | |
| Interest cover | — | — | — | — | 19.09x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- AIR ONE AVIATION LIMITED 2020-04-22 → present
- CHARTERSPHERE LIMITED 2011-03-10 → 2020-04-22
- SKY CARGO CHARTERS LIMITED 2009-12-14 → 2011-03-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Gravita Aucit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- AIR ONE AVIATION LIMITED · parent
- Quadrant Systems Limited 100%
Significant events
- “In June of 2024 the immediate parent company changed from Air One Holdings Ltd, a company incorporated in the UAE, to Air One International Holdings Ltd. a company incorporated in the UK.”
- “In March 2025, the business incorporated a new Hong Kong-domiciled wholly owned subsidiary, Air One Hong Kong Limited, to support the development of scheduled cargo services from Hong Kong to Europe.”
- “During 2025, the business also acquired a second wholly owned subsidiary, Air One Aviation Limited (FZE), incorporated in the United Arab Emirates, to further support the expansion of this activity.”
- “During the year ended 31 December 2024, the Company amended its Articles of Association to change the rights attached to its Class B Ordinary Shares and Class C Ordinary Shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Paul James | Secretary | 2009-12-14 | — | — |
| BENNETT, Paul James | Director | 2009-12-14 | Mar 1969 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MIRCHANDANI, Jaideep | Director | 2009-12-14 | 2014-06-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Air One International Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-06-17 | Active |
| Air One Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-05-03 | Ceased 2024-06-17 |
| Aerosiva Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-10-19 | Ceased 2020-05-03 |
| Mr Paul James Bennett | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-10-19 |
| Mr Jai Shankar Singh | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2018-10-19 |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-28 RESOLUTIONS Resolution
- 2023-11-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-18 | AA | accounts | Accounts with accounts type group | |
| 2024-07-05 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-07-05 | SH08 | capital | Capital name of class of shares | |
| 2024-07-05 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-07-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-08 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-03-20 | AA | accounts | Accounts with accounts type group | |
| 2023-11-28 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-28 | MA | incorporation | Memorandum articles | |
| 2023-07-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type group | |
| 2022-11-30 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-11-29 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.