GHG-AFCO (LUTON) LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-05-31
Confirmation statement due
2026-12-25 (in 7mo)
Last made up 2025-12-11
Watchouts
None on the register
Cash
£329K
+218.1% highest in 6 filed years
Net assets
£2M
+9.2% highest in 6 filed years
Employees
4
0% vs 2023
Profit before tax
£636K
+52.9% highest in 6 filed years
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2024-05-31
| Metric | Trend | 2019-05-31 | 2019-06-01 | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £372,559 | — | £309,314 | — | £257,459 | — | £211,826 | — | £221,518 | £450,922 | |
| Operating profit | £351,946 | — | £282,878 | — | £229,429 | — | £185,495 | — | £193,292 | £418,564 | |
| Profit before tax | £540,456 | — | £482,763 | — | £443,421 | — | £408,329 | — | £415,812 | £635,709 | |
| Net profit | £421,432 | — | £356,022 | — | £315,484 | — | £226,502 | — | £267,107 | £371,452 | |
| Cash | £54,835 | — | £85,147 | — | £271,941 | — | £49,259 | — | £103,351 | £328,742 | |
| Total assets less current liabilities | £4,071,963 | — | £3,887,985 | — | £3,615,812 | — | £3,159,195 | — | £2,651,187 | £2,195,424 | |
| Net assets | £593,455 | — | £1,019,758 | — | £1,404,052 | — | £1,650,706 | — | £1,880,567 | £2,053,041 | |
| Equity | £593,455 | £593,455 | £1,019,758 | £1,019,758 | £1,404,052 | £1,404,052 | £1,650,706 | £1,650,706 | £1,880,567 | £2,053,041 | |
| Average employees | 4 | — | 4 | — | 4 | — | 4 | — | 4 | 4 | |
| Wages | — | — | — | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-05-31 vs 2023-05-31
-
Turnover
+103.6%
£221,518 £450,922
highest in 6 filed years
-
Cash
+218.1%
£103,351 £328,742
highest in 6 filed years
-
Net assets
+9.2%
£1,880,567 £2,053,041
highest in 6 filed years
-
Employees
0%
4 4
-
Operating profit
+116.5%
£193,292 £418,564
highest in 6 filed years
-
Profit before tax
+52.9%
£415,812 £635,709
highest in 6 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-05-31 | 2019-06-01 | 2020-05-31 | 2020-06-01 | 2021-05-31 | 2021-06-01 | 2022-05-31 | 2022-06-01 | 2023-05-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 94.5% | — | 91.5% | — | 89.1% | — | 87.6% | — | 87.3% | 92.8% | |
| Net margin | 113.1% | — | 115.1% | — | 122.5% | — | 106.9% | — | 120.6% | 82.4% | |
| Return on capital employed | 8.6% | — | 7.3% | — | 6.3% | — | 5.9% | — | 7.3% | 19.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 3.90x | 3.08x | |
| Interest cover | 1.09x | — | 0.96x | — | 0.91x | — | 0.89x | — | 1.13x | 3.22x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Wellden Turnbull Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis. The Company is in a net asset position, is profitable and has generated sufficient cash from operations to meet its liabilities as they fall due. The Company has a leasing contract with London Luton Airport Operations Limited until 2028. The Company swap positions are used to fix the interest rate on the loan financing. Receivable cashflows under the leasing contract are structured to meet amounts payable under the bank variable loan and related swaps which are repayable by 7 August 2025. It is not the intention to close out these instruments before their maturity date.”
Significant events
- “The Company is a joint venture between GH Newco 4 Limited and AFCO Luton UK Limited engaged in the lease of a taxiway at Luton Airport to the airport operator.”
- “The Company is in a net asset position, is profitable and has generated sufficient cash from operations to meet its liabilities as they fall due. The Company has a leasing contract with London Luton Airport Operations Limited until 2028.”
- “Receivable cashflows under the leasing contract are structured to meet amounts payable under the bank variable loan and related swaps which are repayable by 7 August 2025.”
- “Bank loans are repayable quarterly by instalments. The interest rate margin over 3 month GBP SONIA is 1.0%. The Company has interest rate swaps which effectively fix the interest on the loan at 6.695% over the period (see Note 17).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PARRY, Alexander Toby Shedden | Secretary | 2012-01-30 | — | British |
| AUSTIN, Robert John | Director | 2001-12-11 | Jul 1964 | British |
| STIPANCIC, Charles | Director | 2019-01-08 | Feb 1961 | American |
| TAEE, Christopher Justin, Mr. | Director | 2001-12-11 | Sep 1968 | British |
| UNGERLEIDER, Daniel Scott | Director | 2022-12-13 | Mar 1966 | American |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, David Alan | Secretary | 2001-12-11 | 2012-01-30 |
| CHETTLEBURGHS SECRETARIAL LTD | Corporate Nominee Secretary | 2001-12-11 | 2001-12-11 |
| CHAMBERS, Francis Xavier | Director | 2002-10-10 | 2019-01-08 |
| HARROW, Thom | Director | 2002-10-10 | 2022-06-03 |
| TAEE, Nigel Duncan | Director | 2001-12-11 | 2002-10-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Afco Luton Uk Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-12-11 | Active |
| Gh Newco 4 Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-12-11 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-17 | AA | accounts | Accounts with accounts type full | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-13 | AA | accounts | Accounts with accounts type full | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-05 | AA | accounts | Accounts with accounts type full | |
| 2021-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-28 | AA | accounts | Accounts with accounts type full | |
| 2020-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-03 | AA | accounts | Accounts with accounts type small | |
| 2019-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-03-05 | AA | accounts | Accounts with accounts type small | |
| 2019-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2019-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2018-12-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-02-13 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.