HEATHROW HYDRANT OPERATING COMPANY LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. HEATHROW HYDRANT OPERATING COMPANY LIMITED 1993-08-09 → present
2. WORTHLIST PROJECTS LIMITED 1993-06-21 → 1993-08-09

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

“The directors have reviewed the company's financial performance and position and have prepared forecasts based on historic trends and assumptions about future sales, cost levels and the timing of cashflows. Current forecasts have been prepared to December 2026 and show that the directors expect the company to have sufficient cash resources to realise its assets and discharge its liabilities in the normal course of business for the foreseeable future and as a minimum for a period of at least 12 months from the date of approval of the financial statements. As at 31 December 2024, the entity had cash resources of £18.2m. Based on this cash position and current forecasts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “Air traffic continued to recover in the year, and there were increases in the volumes handled in 2024. Thus, revenue was higher in 2024 than in previous year.”
• “The company made a profit after taxation during the year of £578,000 (2023: £824,000). Ordinary dividends were paid in the current year of £403,000 (2023: £253,000).”
• “The company has continued its capital expenditure programme with fixed assets of £1,204,000 (2023: £773,000) purchased in the year.”
• “The company's cash flow benefited from the increase in air traffic and remains strong with cash at the Statement of Financial Position date increased to £18.2m (2023: £16.5m).”
• “There was one occasion during 2024 when supplies of jet fuel into the airport were not adequate to meet demand. The Board is satisfied that contingency arrangements worked well, but believes that Heathrow Airport requires an additional aviation fuel tank farm to mitigate the risk of such events recurring.”
• “At present the company does not expect there to be any material impact on its operations regarding the development above during 2025 or 2026, but is keeping this under review.”

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

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +8.4%

  £18,133,000 → £19,662,000

• Cash

  +10.2%

  £16,534,000 → £18,228,000

• Net assets

  +1%

  £18,085,000 → £18,260,000

• Employees

  0%

  30 → 30

• Operating profit

  -59.6%

  £695,000 → £281,000

• Profit before tax

  -29.2%

  £1,100,000 → £779,000

• Wages

  +7.7%

  £1,860,000 → £2,003,000

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