MAG AIRPORT LIMITED
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Cash
—
Latest balance sheet
Net assets
£70M
+6.3% vs 2024
Employees
425
+0.5% vs 2024
Profit before tax
£7.1M
-5.9% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £115,965,000 | £140,688,000 | +21.3% | |
| Operating profit | £6,585,000 | £7,069,000 | +7.4% | |
| Profit before tax | £7,563,000 | £7,114,000 | -5.9% | |
| Net profit | £7,165,000 | £4,156,000 | -42% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £78,441,000 | £84,570,000 | +7.8% | |
| Net assets | £66,334,000 | £70,490,000 | +6.3% | |
| Equity | £66,334,000 | £70,490,000 | +6.3% | |
| Average employees | 423 | 425 | +0.5% | |
| Wages | £51,243,000 | £39,308,000 | -23.3% | |
| Directors' remuneration | £2,545,000 | £1,998,000 | -21.5% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.7% | 5.0% | |
| Net margin | 6.2% | 3.0% | |
| Return on capital employed | 8.4% | 8.4% | |
| Current ratio | 0.23x | 0.12x | |
| Interest cover | — | 35.17x |
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)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared a going concern assessment for the period to 30 September 2026 which indicate that, the Company will have sufficient funds, through funding from its ultimate parent company, Manchester Airports Holdings Limited, to meet its liabilities as they fall due for that period.”
Significant events
- “Under the Common Terms Agreement signed on 14 February 2014, the Company and a number of its fellow subsidiaries have entered into a security agreement with the Group's bondholders and banks. The bonds and bank loans are secured by a fixed and floating charge over substantially all of the Group's assets. The total amount outstanding under this agreement at 31 March 2025 is £2,149,600,000 (2024: £1,794,200,000).”
- “The Group has performance bonds and other items arising in the normal course of business amounting to £3,400,000 at 31 March 2025 (2024: £3,700,000).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOYCE, Marie Anne | Director | 2026-01-05 | Mar 1973 | Irish |
| O'TOOLE, John Kenneth | Director | 2020-12-03 | May 1974 | Irish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAMALL, Janine | Director | 2020-12-03 | 2025-10-01 |
| CORNISH, Charles Thomas | Director | 2019-01-03 | 2023-10-02 |
| MINSHALL, Rehman John | Director | 2025-10-20 | 2026-01-05 |
| THOMPSON, Neil Philip | Director | 2019-01-03 | 2020-12-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Manchester Airport Group Finance Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-03 | Active |
Filing timeline
Last 20 of 26 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-01-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-04-21 | SH01 | capital | Capital allotment shares | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-04-07 | AA | accounts | Accounts with accounts type full | |
| 2021-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2020-12-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.