HEATHROW EXPRESS OPERATING COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-07 (in 2mo)
Last made up 2025-06-23
Watchouts
None on the register
Cash
£1M
+28.6% vs 2023
Net assets
£131M
+8.2% vs 2023
Employees
147
+0.7% vs 2023
Profit before tax
£14M
-41.2% vs 2023
Name history
Renamed 1 time since incorporation
- HEATHROW EXPRESS OPERATING COMPANY LIMITED 1996-04-01 → present
- PRECIS (1411) LIMITED 1996-01-11 → 1996-04-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £103,311,000 | £96,698,000 | |
| Operating profit | £17,491,000 | £7,119,000 | |
| Profit before tax | £23,844,000 | £14,028,000 | |
| Net profit | £18,190,000 | £9,875,000 | |
| Cash | £815,000 | £1,048,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £120,676,000 | £130,551,000 | |
| Equity | £120,676,000 | £130,551,000 | |
| Average employees | 146 | 147 | |
| Wages | £6,185,000 | £6,691,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 16.9% | 7.4% | |
| Net margin | 17.6% | 10.2% | |
| Gearing (liabilities / total assets) | 9.9% | 6.8% | |
| Current ratio | 8.13x | 13.07x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the financial information presented within these financial statements on a going concern basis as they have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “On 12 December 2024, there was an update to the ultimate shareholders of the HAHL Group.”
- “On 12 December 2024, Ferrovial, S.A., Caisse de dépôt et placement du Québec and the Universities Superannuation Scheme completed a sale of 37.62% of issued share capital of FGP Topco Limited to entities owned by Ardian and the Public Investment Fund. Following this transaction, the shareholders of FGP Topco Limited all hold ordinary shares in the following proportion; InfraEuropa SCA (22.61%) (an investment vehicle of Ardian), Qatar Holding Aviation (20.00%) (a wholly owned subsidiary of Qatar Holding LLC), Alrahala First Investment Company (15.01%) (a wholly owned subsidiary of Saudi Arabia Public Investment Fund), Baker Street Investment Pte Ltd (11.20%) (an investment vehicle managed by GIC Special Investments Pte. Ltd), QS Airports UK, LP (11.18%) (an investment vehicle of Australian Retirement Trust), Stable Investment Corporation (10.00%) (an investment vehicle of the China Investment Corporation), Hubco Netherlands B.V. (5.25%) (an indirect subsidiary of Ferrovial, S.A., Spain), Caisse de dépôt et placement du Québec (2.65%) and USS Buzzard Limited (2.10%) (wholly owned by the Universities Superannuation Scheme).”
- “There are no subsequent events to disclose.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Ross Findlay Scott | Director | 2017-01-17 | Jun 1974 | British |
| BEARPARK, Phillip Alan | Director | 2018-10-01 | Jan 1966 | British |
| CHAPMAN, Sophie | Director | 2020-09-01 | Apr 1972 | British |
| CONSIDINE, Aoife | Director | 2024-11-01 | Feb 1991 | Irish |
| KIRBELL, Jessica Jean | Director | 2023-10-01 | Mar 1980 | British |
| SKINNER, Justin William | Director | 2026-01-01 | Nov 1974 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Maria Bernadette | Secretary | 1997-09-16 | 2005-10-20 |
| OOI, Shu Mei | Secretary | 2008-11-28 | 2010-08-31 |
| ROWSON, Rachel | Secretary | 2005-10-20 | 2006-06-01 |
| WELCH, Susan | Secretary | 2006-06-01 | 2008-11-28 |
| WILLIAMS HAMER, Gabrielle Mary | Secretary | 1996-06-10 | 1997-09-16 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 1996-02-21 | 1996-06-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-01-11 | 1996-02-21 |
| ANNETTS, Christopher John | Director | 2021-09-01 | 2021-09-01 |
| BAXTER, Stephen Roy | Director | 2007-09-03 | 2007-12-31 |
| BOIVIN, Normand | Director | 2014-09-01 | 2017-10-03 |
| BOIVIN, Normand | Director | 2011-08-29 | 2011-11-23 |
| BROWN, Fraser Alexander | Director | 2015-05-01 | 2018-11-01 |
| BROWN, Michael William Tuke | Director | 2009-01-12 | 2010-03-09 |
| CACCAVONE, Anthony Joseph | Director | 2018-10-01 | 2022-09-30 |
| CATO, Roger | Director | 1998-01-02 | 2001-07-01 |
| CHAMBERS, Stephen Paul | Director | 2017-07-05 | 2019-05-03 |
| CHAMBERS, Stephen Paul | Director | 2008-03-17 | 2009-07-31 |
| CLARKE, William Robert | Director | 1996-09-25 | 2004-10-31 |
| COEN, Jonathan Daniel | Director | 2016-07-05 | 2017-01-17 |
| COEN, Jonathan Daniel | Director | 2016-06-13 | 2016-06-13 |
| CULLEN, Nicholas John | Director | 2010-03-09 | 2011-06-30 |
| DILLON, John Edward Michael | Director | 1996-01-11 | 1996-06-10 |
| DOUGLAS, Anthony John | Director | 2006-11-20 | 2007-07-19 |
| EARLES, Simon Peter | Director | 2016-07-05 | 2017-06-30 |
| EDWARDS, Daniel Mark James | Director | 2022-10-24 | 2024-10-14 |
| EVERITT, Richard Leslie | Director | 1996-06-10 | 1999-04-28 |
| FREER, Leslie | Director | 2018-11-01 | 2020-09-01 |
| GOLDSON, Charles Richard Browne | Director | 1996-09-25 | 1997-08-18 |
| GREEN, Christopher Edward Wastie | Director | 2013-05-09 | 2018-12-31 |
| GREENFIELD, Keith Gordon | Director | 2011-11-21 | 2015-01-31 |
| HARDING, Benjamin Wilfrid | Director | 2011-01-01 | 2013-05-09 |
| HARDING, Benjamin Wilfrid | Director | 1996-07-08 | 2010-02-09 |
| HOARE, Harry Rodney | Director | 1996-06-10 | 1999-04-28 |
| HODSON, Michael Peter | Director | 2018-10-01 | 2025-12-31 |
| HOLLAND-KAYE, John William | Director | 2011-11-21 | 2012-10-08 |
| JOB, Jeremy Peter | Director | 1999-12-15 | 2003-10-28 |
| KONG, Janis Carol | Director | 2005-04-01 | 2006-03-01 |
| LONG, Jonathan David | Director | 2001-07-01 | 2004-02-02 |
| LOPEZ SORIA, Fidel | Director | 2012-10-08 | 2014-09-01 |
| MACMILLAN, Andrew Hugh | Director | 2017-07-05 | 2021-08-31 |
| MAINE, Michael Peter | Director | 1996-04-01 | 1998-05-31 |
| MORGAN, Terence David | Director | 2011-06-10 | 2011-11-23 |
| MUIR, Jeremy Stewart | Director | 2000-10-19 | 2002-06-01 |
| MURPHY, Mark Patrick Joseph | Director | 2010-02-09 | 2011-12-01 |
| MURPHY, Vernon Leslie | Director | 2001-06-02 | 2006-07-31 |
| NEAL, Leon | Director | 1996-01-11 | 1996-06-10 |
| OSBORNE, Terence Alan | Director | 2004-09-01 | 2006-05-23 |
| PETTITT, Gordon Charles | Director | 1996-09-25 | 1999-04-28 |
| PROVAN, Derek | Director | 2017-10-03 | 2017-10-25 |
| RAVEN, Brian | Director | 1999-12-15 | 2009-03-04 |
| ROBINSON, Richard Leslie | Director | 2009-07-31 | 2011-10-07 |
| SANCHEZ SALMERON, Luis Angel | Director | 2007-09-21 | 2009-01-12 |
| SINGH, Manpartap | Director | 2002-06-01 | 2006-03-31 |
| SINGH, Manpartap | Director | 1997-08-26 | 1998-04-01 |
| SMALLWOOD, Robert John | Director | 2006-07-19 | 2018-12-31 |
| SMITH, Eryl Martin | Director | 2003-04-01 | 2005-03-31 |
| SMITH, Richard Kevin | Director | 1996-06-10 | 1998-08-03 |
| SPRINGTHORPE, David John | Director | 2004-02-02 | 2005-03-16 |
| STEWART, Christine | Director | 2001-07-01 | 2003-04-01 |
| TEMPLE, John Michael | Director | 2006-03-01 | 2006-11-20 |
| THOMAS, Alun Martin | Director | 1999-02-26 | 2001-06-02 |
| WALLS, John Russell Fotheringham | Director | 1996-06-10 | 1999-04-28 |
| WOODHEAD, Brian Robert | Director | 2014-09-01 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Heathrow Airport Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 246 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-11-07 | SH20 | capital | Legacy | |
| 2025-11-07 | CAP-SS | insolvency | Legacy | |
| 2025-11-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-07 | SH01 | capital | Capital allotment shares | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-20 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 1
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-6.4%
£103,311,000 £96,698,000
-
Cash
+28.6%
£815,000 £1,048,000
-
Net assets
+8.2%
£120,676,000 £130,551,000
-
Employees
+0.7%
146 147
-
Operating profit
-59.3%
£17,491,000 £7,119,000
-
Profit before tax
-41.2%
£23,844,000 £14,028,000
-
Wages
+8.2%
£6,185,000 £6,691,000
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