GATWICK AIRPORT LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-08-06 (in 3mo)
Last made up 2025-07-23
Watchouts
None on the register
Cash
£368M
-5.1% vs 2024
Net assets
£297M
+27.8% vs 2024
Employees
2,779
+3.7% vs 2024
Profit before tax
£464M
-33.8% vs 2024
Name history
Renamed 1 time since incorporation
- GATWICK AIRPORT LIMITED 1986-07-14 → present
- PRECIS (494) LIMITED 1986-02-19 → 1986-07-14
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £1,130,300,000 | £1,132,100,000 | |
| Operating profit | £413,800,000 | £413,800,000 | |
| Profit before tax | £700,800,000 | £464,200,000 | |
| Net profit | £615,700,000 | £379,000,000 | |
| Cash | £387,400,000 | £367,500,000 | |
| Total assets less current liabilities | £4,024,100,000 | £4,380,900,000 | |
| Net assets | £232,100,000 | £296,600,000 | |
| Equity | £232,100,000 | £296,600,000 | |
| Average employees | 2,681 | 2,779 | |
| Wages | £154,400,000 | £167,800,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 36.6% | 36.6% | |
| Net margin | 54.5% | 33.5% | |
| Return on capital employed | 10.3% | 9.4% | |
| Gearing (liabilities / total assets) | 94.6% | 94.0% | |
| Current ratio | 2.44x | 1.33x | |
| Interest cover | 2.85x | 2.11x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on a going concern basis. In assessing the going concern position of the Company, the directors have considered a number of scenarios and potential impact on the cash flow and liquidity over the next 12 months, and the corresponding impact on the covenants associated with the Group’s financing arrangements. The Company is part of a securitisation Group and as such the financial risks are managed on a Group basis.”
Group structure
- GATWICK AIRPORT LIMITED · parent
- Ivy Bidco Limited 100%
- Gatwick Funding Limited 100%
- Gatwick Airport Pension Trustees Limited 100%
Significant events
- “Passenger numbers fell slightly to 42.8m in 2025 (a reduction of 0.4m or 1.1% against 2024).”
- “Underlying revenue growth of 1.3% in 2025 when adjusting for several items unique to 2024.”
- “A record 57 airlines flew from our airport in 2025, serving 167 short-haul and 60 long-haul destinations.”
- “New Chief Executive, Pierre-Hugues Schmit, was appointed in September 2025. James Butler was appointed Chief Financial Officer in September 2025.”
- “The Company received dividends of £140.0m on 19 August 2025 from its wholly-owned subsidiary, Ivy Bidco Limited.”
- “In June 2025, the Group accessed its debt capital markets and issued a Class A €750m Sustainability-linked Bond.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
17 active · 67 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LLAMAS GANCEDO, Belen | Secretary | 2024-06-26 | — | — |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2010-10-29 | — | — |
| BUTLER, James William | Director | 2021-09-23 | Nov 1972 | American |
| CHADWICK, Lucy | Director | 2022-06-29 | Feb 1967 | British |
| FORD, Margaret Anne | Director | 2023-11-01 | Dec 1957 | British |
| FOREST, Benoit Andre | Director | 2025-09-01 | Jun 1984 | French |
| HAVARD, Jerome Mickael Christophe | Director | 2025-09-01 | Jun 1983 | French |
| HIGGINS, David Hartmann, Sir | Director | 2017-01-25 | Nov 1954 | British |
| MATHIEU, Olivier Patrick Jacques | Director | 2019-05-10 | Apr 1973 | French |
| MAUMON DE LONGEVIALLE, Remi Guy Ferdinand | Director | 2019-05-10 | Jun 1984 | French |
| MCGHEE, Michael John | Director | 2009-12-03 | Jun 1956 | British |
| MCMILLAN, David Loch | Director | 2013-04-01 | Sep 1954 | British |
| NOTEBAERT, Nicolas Dominique | Director | 2019-05-10 | Jan 1970 | French |
| SCHMIT, Pierre-Hugues Paul, Louis | Director | 2019-05-10 | Dec 1978 | French |
| SODERBOM, Per Marten | Director | 2020-01-22 | Aug 1975 | Swedish |
| VASCONCELOS DE OLIVEIRA FERNANDES LEITE, Alvaro Alexandre | Director | 2025-09-01 | Feb 1980 | Portuguese |
| WINGATE, Stewart | Director | 2009-12-03 | Oct 1971 | British |
Show 67 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORD, Rachel | Secretary | 2022-05-01 | 2023-11-30 |
| HERGA, Robert David | Secretary | 2010-03-24 | 2022-05-01 |
| LEWIS, Maria Bernadette | Secretary | 1997-09-16 | 2005-11-03 |
| LOTT, Peter John | Secretary | 1995-01-23 | 1995-06-15 |
| OOI, Shu Mei | Secretary | 2008-11-28 | 2009-12-03 |
| ROWSON, Rachel | Secretary | 2005-11-03 | 2006-06-01 |
| ROWSON, Rachel | Secretary | — | 1995-01-23 |
| WELCH, Susan | Secretary | 2006-06-01 | 2008-11-28 |
| WILLIAMS HAMER, Gabrielle Mary | Secretary | 1996-01-31 | 1997-09-16 |
| MAWLAW SECRETARIES LIMITED | Corporate Secretary | 2009-12-03 | 2010-10-29 |
| ALREMEITHI, Khadem Mohamed Matar Mohamed | Director | 2012-11-21 | 2013-11-07 |
| ARNDT, Raphael Henry | Director | 2011-03-23 | 2016-03-23 |
| BARLOW, Paul Jeremy | Director | 2002-05-14 | 2003-08-31 |
| BOYES, Jeremy Charles Bailey | Director | 1994-01-01 | 2001-01-15 |
| CATO, Roger | Director | 2001-10-08 | 2005-03-31 |
| CLASPER, Michael | Director | 2001-07-20 | 2004-06-25 |
| COLLIE, Brian Joseph | Director | — | 1997-07-01 |
| CUMMING, David John | Director | 1997-04-01 | 2002-04-01 |
| DALGLEISH, Duncan George | Director | 1998-01-01 | 2004-06-25 |
| DELOBEL, Eric Marc Jacques | Director | 2019-09-24 | 2023-11-01 |
| DOUGLAS, Antony John | Director | 2000-05-01 | 2002-02-08 |
| DOWDS, Donal | Director | 2006-10-27 | 2007-03-31 |
| DUBOIS, Guillaume | Director | 2023-11-01 | 2025-09-01 |
| DUNN, Nicholas James | Director | 2010-04-21 | 2020-12-31 |
| EGAN, John Leopold, Sir | Director | — | 1999-11-07 |
| ELDER, Julie Suzanne | Director | 1998-02-16 | 2001-05-12 |
| EWING, Margaret | Director | 2004-06-25 | 2006-10-04 |
| FLOWER, Andrew John | Director | 2007-02-01 | 2009-12-03 |
| GARROOD, Duncan Steven, Dr | Director | 2004-06-25 | 2006-10-27 |
| GILLESPIE-SMITH, Andrew Harvey | Director | 2009-11-30 | 2019-11-20 |
| GINNIVAN, Justin Paul | Director | 2018-04-12 | 2019-05-10 |
| GRIFFITHS, Paul Dennis | Director | 2004-01-12 | 2007-02-01 |
| HERGA, Robert David | Director | 2001-07-20 | 2009-07-31 |
| HERGA, Robert David | Director | 1998-11-20 | 2001-07-20 |
| HODGKINSON, Michael Stewart, Sir | Director | — | 2001-07-20 |
| ILEY, Philip Marc | Director | 2019-11-20 | 2022-06-29 |
| JURENKO, Andrew Tadeusz | Director | 2009-12-03 | 2019-05-10 |
| KONG, Janis Carol | Director | 1994-04-06 | 2001-10-08 |
| KOSKI, Christopher Robert | Director | 2009-12-03 | 2012-10-29 |
| LEO, Jose | Director | 2006-10-04 | 2009-12-03 |
| LOMAS, Eric George | Director | 1994-03-14 | 1997-03-30 |
| LONG, Jonathan David | Director | 1994-01-01 | 1998-01-01 |
| MCCARTHY, John Benedict | Director | 2013-09-25 | 2019-04-30 |
| MCDERMID, Alastair Syme | Director | 2002-02-08 | 2004-06-25 |
| MCDERMID, Alastair Syme | Director | 1997-11-01 | 2001-11-01 |
| MCNULTY, Robert William Roy, Sir | Director | 2011-03-23 | 2018-12-31 |
| MORGAN, Terence David | Director | 2007-03-31 | 2009-07-31 |
| MOURAD, Karim | Director | 2019-04-30 | 2019-11-20 |
| MUNDS, Allan John | Director | — | 1994-03-14 |
| NEIGHBOUR, Elizabeth | Director | 2002-04-01 | 2004-06-25 |
| NICHOLLS, Caroline Susan | Director | 1996-10-01 | 2004-06-25 |
| NORMAN, John | Director | 1993-04-01 | 1997-11-01 |
| NORRIS, Wendy Anne | Director | 2016-03-23 | 2018-04-12 |
| ONG, Martin Thomas | Director | — | 1997-10-06 |
| PEAT, Stephen Hedley | Director | 2009-07-31 | 2009-12-03 |
| REBEL, Lorenzo | Director | 2021-02-02 | 2021-09-23 |
| REMEITHI, Khadem Al | Director | 2012-11-21 | 2013-09-25 |
| RICKETTS, Brian Hugh | Director | — | 1994-01-01 |
| ROWLANDS, David, Sir | Director | 2009-12-03 | 2013-03-27 |
| SLOAN, Daniel | Director | 1998-08-01 | 2004-06-25 |
| TROCHU, Benoit | Director | 2019-05-10 | 2019-09-24 |
| VAN HOFTEN, James Dougal Adrianus | Director | 2009-12-03 | 2019-05-10 |
| WESTON, Joy Barbara | Director | — | 1994-04-06 |
| WILCHER, Catherine Ellen | Director | 2001-05-12 | 2004-04-30 |
| WILLIAMS, David Henry | Director | 1997-07-01 | 1998-08-31 |
| WOODBURN, William Alan | Director | 2009-12-03 | 2023-11-01 |
| WOODRUFF, Chritopher Brian | Director | 1997-04-01 | 1998-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ivy Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 418 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-13 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-13 | SH20 | capital | Legacy | |
| 2024-05-13 | CAP-SS | insolvency | Legacy | |
| 2024-05-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-17 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CH01 | officers | Change person director company with change date | |
| 2024-04-02 | CH01 | officers | Change person director company with change date | |
| 2024-04-02 | CH01 | officers | Change person director company with change date | |
| 2024-04-02 | CH01 | officers | Change person director company with change date | |
| 2024-03-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 3
- 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.
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+0.2%
£1,130,300,000 £1,132,100,000
-
Cash
-5.1%
£387,400,000 £367,500,000
-
Net assets
+27.8%
£232,100,000 £296,600,000
-
Employees
+3.7%
2,681 2,779
-
Operating profit
0%
£413,800,000 £413,800,000
-
Profit before tax
-33.8%
£700,800,000 £464,200,000
-
Wages
+8.7%
£154,400,000 £167,800,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers