JET2HOLIDAYS LIMITED

1. Risk Rating: LOW

Justification: Based on the available data, Jet2holidays Limited presents a low-risk profile. The company has a long operating history (incorporated in 2002), a substantial share capital base of £26.5 million, and is actively filing full accounts without any recorded overdue status. Furthermore, it operates as a wholly-owned subsidiary of Jet2.Com Limited, providing implicit group-level financial backing, and shows no signs of insolvency, administration, or director disqualifications.

2. Key Concerns * Data Anomalies / Filing Dates: The records indicate recent and future filing dates (e.g., next accounts due 2027, next confirmation statement due 2027, and director resignations dated 2025 and 2026). While the system shows these as "not overdue," these future-dated entries are atypical and could indicate data extraction errors or incorrect administrative postings that warrant verification. * Subsidiary Dependency and Group Contagion: As the company is 75%+ owned by Jet2.Com Limited, its financial stability is inherently tied to the parent entity. Any liquidity constraints, debt covenant breaches, or operational failures at the group level would directly impact this subsidiary. * Inherent Industry Volatility: Operating as a Tour Operator (SIC 79120) exposes the company to macroeconomic sensitivities, including fuel price fluctuations, seasonal cash flow variations, and geopolitical risks—all of which can rapidly impact solvency and working capital.

3. Positive Indicators * Substantial Capitalization: The company has a significant issued share capital of £26.5 million, which demonstrates a strong equity base and historical capital investment, reducing the immediate risk of balance sheet insolvency. * Regulatory Compliance and Transparency: The company files "Full" accounts rather than abbreviated or micro-entity accounts, which allows for greater transparency for stakeholders. There are no overdue filings, no records of liquidation, and no director disqualification orders. * Established Corporate Governance: The board features multiple directors, including what appear to be long-standing industry executives. The presence of a designated company secretary (Xxxxxx Xxxxxxxxname shown to subscribers) indicates adherence to structured corporate governance and administrative compliance.

4. Due Diligence Notes * Financial Performance Verification: The provided data lacks the actual balance sheet and profit & loss figures (Current Assets, Current Liabilities, Net Assets). It is essential to pull the latest filed full accounts to calculate precise liquidity ratios (e.g., current ratio) and verify retained earnings or accumulated losses in the P&L reserve. * Date Discrepancy Investigation: The future-dated director resignations (December 2025, March 2026) and future filing deadlines should be cross-referenced directly with Companies House to ensure these are not administrative errors masking actual overdue filings or unauthorized filings. * Group Structure Review: Because Jet2.Com Limited holds significant control, a thorough risk assessment requires reviewing the parent company's consolidated accounts to understand inter-company balances, guarantees, and overall group liquidity. * Regulatory Licensing: As a UK tour operator, the company should hold an ATOL license. Verification of their ATOL status and any bonding requirements is necessary to ensure full regulatory compliance in the travel sector.

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