TEESSIDE INTERNATIONAL AIRPORT LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the factors set out above, the directors believe that there is no material uncertainty in relation to going concern and that the company has adequate financial resources to continue in operational existence for at least twelve months from the date of signing of the financial statements and therefore the directors believe it remains appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In April 2024, Loganair announced the cancellation of its Teesside-Aberdeen route. Eastern Airways was swiftly brought on board to maintain connectivity, providing reassurance to workers and businesses reliant on the route.”
• “TUI's summer flights to Mallorca restarted in May 2024. Ryanair and TUI offering twice-weekly summer flights to Palma de Mallorca. TUI also reinstated flights to Dalaman in Türkiye for the first time in 13 years.”
• “In June 2024, Teesside Airport was added to the NATO procurement portal and received an NCAGE code, allowing allied militaries to use the airport for troop embarkation and disembarkation, training flights, and fuel stops.”
• “In August 2024, Ryanair announced it would extend its summer season to Corfu, with flights operating until the end of October. Additionally, a new holiday charter flight to Switzerland was announced by airport partner, Fairs Lloyds Travel for departure in June 2025.”
• “In November 2024 Ryanair announced the introduction of the much sought after route to Malaga with twice weekly flights commencing 31st March 2025 after a hiatus of 16 years.”
• “On 20 November, Teesside Airport clinched the title of Best UK Airport for Leisure Travel for the second year in a row at the British Travel Awards.”
• “Over 226,400 passengers welcomed through the terminal building in the financial year 2024/25.”
• “At Business Park North, a 26,995sq ft hangar facility became operational in November 2024 with global aircraft painting company Airbourne Colours as tenant, creating 40 jobs in a £6.5milion investment.”
• “Construction began on a new twin-bay hangar by international aviation maintenance and repair company Willis Aviation Services Limited. The hangar will be equipped for 737 and A320 family aircraft.”
• “Aviation and technology company Draken announced plans to further establish Teesside Airport as a base to help train RAF Fighters following the signing of a £173million contract with the Ministry of Defence.”
• “Construction began on a 5G Teesside Digital Trade Test Bed. The facility is a collaboration between Teesside University and Tees Valley Combined Authority. It will establish a private network to develop trade solutions through new digital technologies.”
• “At Business Park South, national firm ABL 1 Touch was secured as tenant of the first unit constructed within the £200million development. A 1-mile-long link road connecting the development to the A67 also became operational. The southside development could create up to 4,400 jobs when fully operational.”
• “TIAL has invested in a Regulated Agent Facility, with a purpose-built 21,000sq ft hangar offering security screening, temporary storage and freight forwarding, which has also become a Border Control Point, allowing it to handle fruit, vegetables, and flowers.”
• “FedEx, the world's largest transportation company, began its first flights in June 2024 under a five-year deal for an airfreight handling facility. The agreement has brought in eight additional inbound and outbound flights per week- providing capacity for 196,000lbs of cargo to be transported through the airport per week.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.3%

  £14,907,440 → £16,895,845

  highest in 4 filed years

• Cash

  -27.8%

  £2,211,474 → £1,595,625

• Net assets

  +5.6%

  -£21,120,755 → -£19,942,119

• Employees

  +14.4%

  153 → 175

  highest in 5 filed years

• Operating profit

  +240.5%

  -£4,791,074 → £6,733,416

  highest in 4 filed years

• Profit before tax

  +117.8%

  -£6,625,147 → £1,178,636

  highest in 5 filed years

• Wages

  +13.8%

  £5,366,914 → £6,110,115

  highest in 5 filed years

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