HIGHLANDS AND ISLANDS AIRPORTS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
Cash
£685K
+59.7% vs 2024
Net assets
-£138K
+95.7% vs 2024
Employees
705
+0.7% vs 2024
Profit before tax
-£1M
-209.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £29,232,000 | £31,475,000 | |
| Operating profit | £1,813,000 | -£1,010,000 | |
| Profit before tax | £1,359,000 | -£1,484,000 | |
| Net profit | £1,359,000 | -£1,484,000 | |
| Cash | £429,000 | £685,000 | |
| Total assets less current liabilities | £160,510,000 | £157,675,000 | |
| Net assets | -£3,203,000 | -£138,000 | |
| Equity | -£3,203,000 | -£138,000 | |
| Average employees | 700 | 705 | |
| Wages | £30,834,000 | £31,816,000 | |
| Directors' remuneration | £324,000 | £288,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+7.7%
£29,232,000 £31,475,000
-
Cash
+59.7%
£429,000 £685,000
-
Net assets
+95.7%
-£3,203,000 -£138,000
-
Employees
+0.7%
700 705
-
Operating profit
-155.7%
£1,813,000 -£1,010,000
-
Profit before tax
-209.2%
£1,359,000 -£1,484,000
-
Wages
+3.2%
£30,834,000 £31,816,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 6.2% | -3.2% | |
| Net margin | 4.6% | -4.7% | |
| Return on capital employed | 1.1% | -0.6% | |
| Gearing (liabilities / total assets) | 101.9% | 100.1% | |
| Current ratio | 0.60x | 0.53x | |
| Interest cover | 22.95x | -43.91x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the information available to them, the Directors have a reasonable expectation that the Group has adequate financial resources to continue in operational existence for the foreseeable future. The Group has net liabilities of £0.138m and the Company has net assets of £5.173m at 31 March 2025. Accordingly, the Group and the Company continue to adopt the going concern basis in preparing their annual financial statements.”
Group structure
- HIGHLANDS AND ISLANDS AIRPORTS LIMITED · parent
- Airport Management Services Limited 100%
- Dundee Airport Limited 100%
- Highland Airways Limited 100%
Significant events
- “In May 2025, the HIAL Board agreed to the sale of an investment property that had been marketed for sale. On 19 September 2025, HIAL completed the sale of the investment property for £1,800,000. The sale is expected to result in a gain on disposal of £50,000 which will be recognised in the next reporting period.”
- “In June 2025, the HIAL Board agreed to the sale of an area of land at Tiree Airport. In August 2025, the Board agreed to the sale of an additional area of land to the same buyer. This transaction remains ongoing at the time of issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLOW, Lynne | Director | 2022-03-01 | Sep 1971 | British |
| HOLLIDAY, Christopher William Andrew | Director | 2020-03-01 | May 1963 | British |
| KELSALL, Paul Arthur | Director | 2024-05-20 | Jun 1966 | British |
| TODENHOEFER, Isabel Katrin | Director | 2020-03-01 | Apr 1976 | German |
| WOOLMAN, Gillian Frances | Director | 2025-12-18 | Jun 1964 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITTON, Rupert John | Secretary | — | 1995-03-31 |
| BURNS, Alexander John | Secretary | 1995-04-01 | 2003-09-30 |
| LYON, Inglis Edward | Secretary | 2013-02-15 | 2023-06-01 |
| MANSON, Jamie Lee | Secretary | 2023-06-01 | 2026-03-31 |
| ROSS, Norman | Secretary | 2008-06-01 | 2013-02-15 |
| THORNTON, Jane | Secretary | 2003-10-01 | 2008-05-31 |
| ADAMS, Stewart Andrew | Director | 2023-06-14 | 2024-03-28 |
| BRACKENRIDGE, William | Director | 1999-12-01 | 2005-11-30 |
| BRUTON, Gillian Margaret | Director | 2013-08-09 | 2020-10-31 |
| CANTLAY, Michael Brian | Director | 2016-07-01 | 2017-10-02 |
| CANTLAY, Michael Brian | Director | 2008-03-01 | 2014-02-28 |
| CASTELL, Andrew Sean | Director | 2008-03-01 | 2014-02-28 |
| CRAWFORD, Robert Gammie | Director | — | 1993-02-28 |
| DAVIDSON, Jean Elizabeth | Director | — | 1995-03-31 |
| EDMOND, Stuart | Director | 2000-04-01 | 2006-03-31 |
| GOODLAD, Charles Alexander, Dr | Director | 2006-03-01 | 2012-02-29 |
| GRANT, Peter James | Director | 1993-03-17 | 2001-02-28 |
| HAMILTON, William Francis Forbes | Director | 1995-06-01 | 2001-07-31 |
| HOLLANDERS, Eric | Director | 2019-12-01 | 2022-11-30 |
| JACK-HOOIJENGA, Lorna Burn | Director | 2014-03-01 | 2026-01-31 |
| JOHNSTON, Grenville Shaw, Lt Colonel | Director | 2009-02-01 | 2016-06-30 |
| JOHNSTON, Grenville Shaw, Lt Colonel | Director | 2001-03-01 | 2008-02-29 |
| LAWSON, Hugh Murdoch | Director | — | 1997-03-31 |
| LYON, Inglis Edward | Director | 2005-05-03 | 2023-06-14 |
| MACLENNAN, Shona Catherine | Director | 2001-03-01 | 2008-02-29 |
| MACLEOD, Robert Murdo | Director | 1997-06-09 | 2005-06-08 |
| MANSON, Jamie Lee | Director | 2022-10-17 | 2026-03-31 |
| MATHESON, Alexander | Director | 2001-03-01 | 2007-02-28 |
| MCLAUGHLIN, James | Director | 2014-03-01 | 2022-02-28 |
| PHIPPS, Linda Louise | Director | 2006-03-01 | 2012-02-29 |
| SAVILE, David Christopher Wrey | Director | 2012-03-01 | 2020-02-29 |
| SEMPLE, William Kerr | Director | 1991-04-17 | 2000-09-30 |
| SHAW, Alan | Director | 2008-06-19 | 2010-06-18 |
| STRACHAN, Wilhelmina Cornelia | Director | 2019-12-01 | 2025-11-30 |
| SUTHERLAND, David Fraser | Director | 2007-04-01 | 2009-01-31 |
| TOSELAND, Ronald James | Director | — | 1991-05-31 |
| WALLACE, Johanna Margaret | Director | 2020-11-30 | 2022-05-27 |
| WHITTOME, Timothy Richard | Director | 2012-03-01 | 2020-02-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Ministers | Legal person | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 192 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | AA | accounts | Accounts with accounts type group | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-24 | AA | accounts | Accounts with accounts type group | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | AA | accounts | Accounts with accounts type group | |
| 2023-09-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-29 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 4
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.