HEATHROW EXPRESS OPERATING COMPANY LIMITED
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Cash
£2.9m
+173.2% highest in 3 filed years
Net assets
£29m
-77.5% lowest in 3 filed years
Employees
136
-7.5% lowest in 3 filed years
Profit before tax
£7.1m
-49.3% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £103,311,000 | £96,698,000 | £95,448,000 | -1.3% | |
| Operating profit | £17,491,000 | £7,119,000 | £890,000 | -87.5% | |
| Profit before tax | £23,844,000 | £14,028,000 | £7,108,000 | -49.3% | |
| Net profit | £18,190,000 | £9,875,000 | £4,584,000 | -53.6% | |
| Cash | £815,000 | £1,048,000 | £2,863,000 | +173.2% | |
| Total assets less current liabilities | — | £130,552,000 | £29,604,000 | -77.3% | |
| Net assets | £120,676,000 | £130,551,000 | £29,330,000 | -77.5% | |
| Equity | £120,676,000 | £130,551,000 | £29,330,000 | -77.5% | |
| Average employees | 146 | 147 | 136 | -7.5% | |
| Wages | £6,185,000 | £6,691,000 | £6,659,000 | -0.5% | |
| Directors' remuneration | £312,000 | £429,000 | £345,000 | -19.6% | |
| Directors' pension contributions | £18,000 | £18,000 | £19,000 | +5.6% | |
| Highest paid director | £151,000 | £212,000 | £182,000 | -14.2% |
Values shown as filed in the company's annual accounts. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 16.9% | 7.4% | 0.9% | |
| Net margin | 17.6% | 10.2% | 4.8% | |
| Return on capital employed | — | 5.5% | 3.0% | |
| Gearing (liabilities / total assets) | 9.9% | 6.8% | 21.3% | |
| Current ratio | 8.13x | 11.72x | 3.33x |
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 1 time since incorporation
- HEATHROW EXPRESS OPERATING COMPANY LIMITED 1996-04-01 → present
- PRECIS (1411) LIMITED 1996-01-11 → 1996-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial information presented within these financial statements on a going concern basis as they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “During the year the Company completed a concurrent bonus issue and capital reduction as part of the HAHL Group's corporate simplification project. A bonus issue of 92,551,541 ordinary shares at £1 each from retained earnings was subsequently converted into distributable reserves through a capital reduction”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Ross Findlay Scott | Director | 2017-01-17 | Jun 1974 | British |
| BEARPARK, Phillip Alan | Director | 2018-10-01 | Jan 1966 | British |
| CHAPMAN, Sophie | Director | 2020-09-01 | Apr 1972 | British |
| CONSIDINE, Aoife | Director | 2024-11-01 | Feb 1991 | Irish |
| KIRBELL, Jessica Jean | Director | 2023-10-01 | Mar 1980 | British |
| SKINNER, Justin William | Director | 2026-01-01 | Nov 1974 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Maria Bernadette | Secretary | 1997-09-16 | 2005-10-20 |
| OOI, Shu Mei | Secretary | 2008-11-28 | 2010-08-31 |
| ROWSON, Rachel | Secretary | 2005-10-20 | 2006-06-01 |
| WELCH, Susan | Secretary | 2006-06-01 | 2008-11-28 |
| WILLIAMS HAMER, Gabrielle Mary | Secretary | 1996-06-10 | 1997-09-16 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 1996-02-21 | 1996-06-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-01-11 | 1996-02-21 |
| ANNETTS, Christopher John | Director | 2021-09-01 | 2021-09-01 |
| BAXTER, Stephen Roy | Director | 2007-09-03 | 2007-12-31 |
| BOIVIN, Normand | Director | 2014-09-01 | 2017-10-03 |
| BOIVIN, Normand | Director | 2011-08-29 | 2011-11-23 |
| BROWN, Fraser Alexander | Director | 2015-05-01 | 2018-11-01 |
| BROWN, Michael William Tuke | Director | 2009-01-12 | 2010-03-09 |
| CACCAVONE, Anthony Joseph | Director | 2018-10-01 | 2022-09-30 |
| CATO, Roger | Director | 1998-01-02 | 2001-07-01 |
| CHAMBERS, Stephen Paul | Director | 2017-07-05 | 2019-05-03 |
| CHAMBERS, Stephen Paul | Director | 2008-03-17 | 2009-07-31 |
| CLARKE, William Robert | Director | 1996-09-25 | 2004-10-31 |
| COEN, Jonathan Daniel | Director | 2016-07-05 | 2017-01-17 |
| COEN, Jonathan Daniel | Director | 2016-06-13 | 2016-06-13 |
| CULLEN, Nicholas John | Director | 2010-03-09 | 2011-06-30 |
| DILLON, John Edward Michael | Director | 1996-01-11 | 1996-06-10 |
| DOUGLAS, Anthony John | Director | 2006-11-20 | 2007-07-19 |
| EARLES, Simon Peter | Director | 2016-07-05 | 2017-06-30 |
| EDWARDS, Daniel Mark James | Director | 2022-10-24 | 2024-10-14 |
| EVERITT, Richard Leslie | Director | 1996-06-10 | 1999-04-28 |
| FREER, Leslie | Director | 2018-11-01 | 2020-09-01 |
| GOLDSON, Charles Richard Browne | Director | 1996-09-25 | 1997-08-18 |
| GREEN, Christopher Edward Wastie | Director | 2013-05-09 | 2018-12-31 |
| GREENFIELD, Keith Gordon | Director | 2011-11-21 | 2015-01-31 |
| HARDING, Benjamin Wilfrid | Director | 2011-01-01 | 2013-05-09 |
| HARDING, Benjamin Wilfrid | Director | 1996-07-08 | 2010-02-09 |
| HOARE, Harry Rodney | Director | 1996-06-10 | 1999-04-28 |
| HODSON, Michael Peter | Director | 2018-10-01 | 2025-12-31 |
| HOLLAND-KAYE, John William | Director | 2011-11-21 | 2012-10-08 |
| JOB, Jeremy Peter | Director | 1999-12-15 | 2003-10-28 |
| KONG, Janis Carol | Director | 2005-04-01 | 2006-03-01 |
| LONG, Jonathan David | Director | 2001-07-01 | 2004-02-02 |
| LOPEZ SORIA, Fidel | Director | 2012-10-08 | 2014-09-01 |
| MACMILLAN, Andrew Hugh | Director | 2017-07-05 | 2021-08-31 |
| MAINE, Michael Peter | Director | 1996-04-01 | 1998-05-31 |
| MORGAN, Terence David | Director | 2011-06-10 | 2011-11-23 |
| MUIR, Jeremy Stewart | Director | 2000-10-19 | 2002-06-01 |
| MURPHY, Mark Patrick Joseph | Director | 2010-02-09 | 2011-12-01 |
| MURPHY, Vernon Leslie | Director | 2001-06-02 | 2006-07-31 |
| NEAL, Leon | Director | 1996-01-11 | 1996-06-10 |
| OSBORNE, Terence Alan | Director | 2004-09-01 | 2006-05-23 |
| PETTITT, Gordon Charles | Director | 1996-09-25 | 1999-04-28 |
| PROVAN, Derek | Director | 2017-10-03 | 2017-10-25 |
| RAVEN, Brian | Director | 1999-12-15 | 2009-03-04 |
| ROBINSON, Richard Leslie | Director | 2009-07-31 | 2011-10-07 |
| SANCHEZ SALMERON, Luis Angel | Director | 2007-09-21 | 2009-01-12 |
| SINGH, Manpartap | Director | 2002-06-01 | 2006-03-31 |
| SINGH, Manpartap | Director | 1997-08-26 | 1998-04-01 |
| SMALLWOOD, Robert John | Director | 2006-07-19 | 2018-12-31 |
| SMITH, Eryl Martin | Director | 2003-04-01 | 2005-03-31 |
| SMITH, Richard Kevin | Director | 1996-06-10 | 1998-08-03 |
| SPRINGTHORPE, David John | Director | 2004-02-02 | 2005-03-16 |
| STEWART, Christine | Director | 2001-07-01 | 2003-04-01 |
| TEMPLE, John Michael | Director | 2006-03-01 | 2006-11-20 |
| THOMAS, Alun Martin | Director | 1999-02-26 | 2001-06-02 |
| WALLS, John Russell Fotheringham | Director | 1996-06-10 | 1999-04-28 |
| WOODHEAD, Brian Robert | Director | 2014-09-01 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Heathrow Airport Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 249 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-11-07 | SH20 | capital | Legacy | |
| 2025-11-07 | CAP-SS | insolvency | Legacy | |
| 2025-11-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-07 | SH01 | capital | Capital allotment shares | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-25 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 1
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.