BAA LYNTON LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BAA LYNTON LIMITED 1997-05-20 → present
2. BAA LYNTON PLC 1997-04-09 → 1997-05-20
3. BAA PROPCO PLC 1997-03-04 → 1997-04-09

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst and Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of BAA Lynton Limited have made an assessment to review the appropriateness of the going concern assumptions in preparing financial statements for the year ended 31 December 2024. The assessment period considered by the Directors is the date of signing the accounts through to 30 September 2026. The Directors note that at the year end the Company had net assets of £44million (2023: £40million) and net current assets of £44million (2023: £40million). At the year end the Company had a net cash balance of nil (2023: nil). The Company's principal funding is received via a group cash pooling arrangement and intercompany loans. The Directors have received confirmation from AGS Airports Holdings Limited that they will provide financial support following the approval of these financial statements ensuring the Company is able to meet financial obligations as they fall due for the period through to 30 September 2026. The Directors have considered the ability of AGS Airports Holdings Limited to provide the financial support and have concluded that it is appropriate to continue the going concern basis of accounting in preparing the annual financial statements. Having taken all of the above factors into considerations, the Directors of BAA Lynton Limited have concluded that it is appropriate to continue to adopt the going concern basis of preparation. Accordingly, these financial statements do not include the adjustments that would be required if the Company was unable to continue as a going concern.”

Significant events

• “In November 2024, Macquarie Infrastructure and Real Assets (Europe) Limited and Ferrovial reached an agreement to sell AGS Airports Holdings Limited to AviAlliance UK Limited (subsequently renamed to AGS Airports Group Holdings Limited). AGS Airports Group Holdings Limited (previously AviAlliance UK Limited) is a wholly owned subsidiary of PSP Airports Holding Limited. The sale process of the group formally concluded on 28th January 2025. Further details are provided in Note 9.”
• “On 28 January 2025, 100% ownership of the AGS Airports Holdings Group was acquired by AviAlliance UK Limited (subsequently renamed to AGS Airports Group Holdings Limited) for £1.53billion following the decision by Macquarie Infrastructure and Real Estate (Europe) and Ferrovial to sell their shareholdings, AGS Airports Holdings Limited (previously AviAlliance UK Limited) is a wholly owned subsidiary of PSP Airports Holding Limited.”
• “As part of the acquisition by Avi Alliance UK Limited, the shareholder injected £110m as a shareholder loan, which was subsequently used to prepay a proportion of the Group's external debt facilities in February 2025.”
• “On 12 May 2025 Blackstone Infrastructure Strategies Associates L.P. acquired a 22% minority stake of AGS Airports Group Holdings from PSP Holding Limited for £235million.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +11%

  £39,809,000 → £44,201,000

• Employees

  —

  Not reported

• Profit before tax

  +30.3%

  £4,494,000 → £5,856,000

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