GATWICK AIRPORT CARGO LIMITED
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Cash
—
Latest balance sheet
Net assets
£57m
+21.1% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£10m
+44.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
This possible change in control gives rise to a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern following completion of the sale. Notwithstanding this material uncertainty, the Directors believe it remains appropriate to prepare the financial statements on a going concern basis.
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Real Estate 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 | £3,382,000 | £2,866,000 | £4,017,000 | +40.2% | |
| Operating profit | -£5,449,000 | £6,933,000 | £10,018,000 | +44.5% | |
| Profit before tax | -£5,452,000 | £6,934,000 | £10,018,000 | +44.5% | |
| Net profit | -£5,452,000 | £6,934,000 | £10,018,000 | +44.5% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £40,434,000 | £47,368,000 | £57,386,000 | +21.1% | |
| Net assets | £40,434,000 | £47,368,000 | £57,386,000 | +21.1% | |
| Equity | £40,434,000 | £47,368,000 | £57,386,000 | +21.1% | |
| Average employees | — | — | — | — | |
| 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. 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 | -161.1% | — | — | |
| Net margin | -161.2% | — | — | |
| Return on capital employed | -13.5% | 14.6% | 17.5% | |
| Gearing (liabilities / total assets) | 1.9% | 2.5% | 2.5% | |
| Current ratio | 0.47x | 0.90x | 0.79x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- GATWICK AIRPORT CARGO LIMITED 2026-05-07 → present
- SEGRO (GATWICK) LIMITED 2018-11-16 → 2026-05-07
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“This possible change in control gives rise to a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern following completion of the sale. Notwithstanding this material uncertainty, the Directors believe it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “The Company is currently in advanced negotiations for a sale to an external third-party purchaser. The sale and purchase agreement ("SPA") is substantially agreed and completion is considered probable.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUTLER, James William | Director | 2026-05-01 | Nov 1972 | American |
| LLAMAS GANCEDO, Belen | Director | 2026-05-01 | Sep 1985 | Spanish |
| POLLARD, Jonathan William | Director | 2026-05-01 | Jul 1983 | English |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLEASE, Elizabeth Ann | Secretary | 2018-11-16 | 2021-11-03 |
| FOO, Julia | Secretary | 2021-11-03 | 2023-05-23 |
| BOND, Anna Clare | Director | 2024-09-16 | 2026-05-01 |
| CRADDOCK, James William Aleck | Director | 2020-03-16 | 2026-05-01 |
| DOHERTY, Sean Patrick | Director | 2024-09-16 | 2026-05-01 |
| HOLLAND, Alan Michael | Director | 2018-11-16 | 2023-06-30 |
| MCCALLION, Stuart Edward Joseph | Director | 2024-09-16 | 2026-05-01 |
| OSBORN, Gareth John | Director | 2018-11-16 | 2019-12-31 |
| PETERS, Ann Octavia | Director | 2018-11-16 | 2024-09-16 |
| PILSWORTH, Andrew John | Director | 2018-11-16 | 2024-09-16 |
| PROCTOR, David Richard | Director | 2020-11-18 | 2024-09-16 |
| PURSEY, Simon Christian | Director | 2018-11-16 | 2020-03-16 |
| SIMPSON, Lawrence Elliot | Director | 2024-09-16 | 2026-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gatwick Airport Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-05-01 | Active |
| Segro Properties Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-11-16 | Ceased 2026-05-01 |
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-27 RESOLUTIONS Resolution
- 2026-05-07 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-05-27 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-07 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | CH01 | officers | Change person director company with change date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 5
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.