CARDIFF INTERNATIONAL AIRPORT LIMITED

1. CARDIFF INTERNATIONAL AIRPORT LIMITED 1996-03-26 → present
2. CARDIFF-WALES AIRPORT LIMITED 1986-11-20 → 1996-03-26

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In preparing their going concern assessment, the directors have prepared forecasts covering at least 12 months from the date of approval of the financial statements, reviewing both liquidity and covenant headroom through the going concern period. The company meets its day-to-day working capital requirements through a combination of operating cashflows, debt facilities and funding from its ultimate shareholders, Welsh Government. For the going concern assessment, a new subsidy agreement awarded by Welsh Government but subject to a Competition Appeal Tribunal, was excluded. The company has a net asset position, with net assets of £4,017,000 (2024: £3,816,000) and made a profit after tax of £234,000 (2024: loss £210,000). On this basis the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. CARDIFF INTERNATIONAL AIRPORT LIMITED · parent
   1. Cardiff Airport Services Limited 100% · UK · Dormant company

Significant events

• “On 3 April 2025, Cardiff International Airport Limited (CIAL) was awarded a £205.2 million subsidy package by the Welsh Government, to be paid over a 10 year period. As at the date of approval of these financial statements, £20 million of the subsidy has been drawn down. Subsequently, Bristol Airport submitted a legal complaint against the Welsh Government Ministers in awarding the subsidy. A hearing before the Competition Appeal Tribunal is scheduled for 5 February 2026.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +2.9%

  £19,339,000 → £19,892,000

• Cash

  -61.7%

  £21,178,000 → £8,104,000

• Net assets

  +5.3%

  £3,816,000 → £4,017,000

• Employees

  +1.7%

  301 → 306

• Operating profit

  +21.4%

  £2,313,000 → £2,807,000

• Profit before tax

  +206.8%

  -£219,000 → £234,000

• Wages

  +10.4%

  £9,071,000 → £10,010,000

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