FARNBOROUGH AIRPORT LIMITED

1. FARNBOROUGH AIRPORT LIMITED 2019-10-11 → present
2. TAG FARNBOROUGH AIRPORT LIMITED 1997-11-26 → 2019-10-11
3. REFAL 519 LIMITED 1997-10-23 → 1997-11-26

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the going concern position of the Company for the Financial Statements for the year ended 31 December 2024 the Directors have considered that the Company returned a profit of £33.0m (2023: £28.3m), has net assets of £203.6m (2023: £170.7m) and holds cash balances of £5.1m (2023: £3.8m). The Directors have assessed the short and long-term forecasts of the Company and expect profits before taxation to continute to grow. Additionally, the Directors have considered intermediate parent Farnborough Airport Company Limited's ("FACL's") cashflows liquidity and banking ratios because the Assets of the Company have a charge against them in relation to an external loan to FACL. Even under reasonably possible downside scenarios, no breach of banking covenants is forecast. For these reasons the Directors have adopted the going concern basis in preparing the Financial Statements.”

Significant events

• “The Company completed its construction of its new hangar in March 2024 but has a £0.7m retention commitment to pay the lead contractor, in 2025, once any snagging defects are signed off.”
• “The Company started enabling works on Project Varsity, a new terminal facility, in September 2024. The Company has committed to £6.6m, at period end, £1.7m had been billed and £0.9m paid.”
• “A new Rosenbauer Aircraft Rescue and Fire Fighting vehicle has been put on order for £1.1m, of which £0.3m has been invoiced and paid in the form of a deposit at period end, with delivery expected in 2025.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +3.4%

  £100,750,378 → £104,129,577

• Cash

  +36.1%

  £3,760,119 → £5,118,184

• Net assets

  +19.3%

  £170,651,890 → £203,633,515

• Employees

  0%

  186 → 186

• Operating profit

  +14.3%

  £35,028,572 → £40,041,838

• Profit before tax

  +14.9%

  £35,023,419 → £40,255,964

• Wages

  -1.5%

  £11,945,876 → £11,772,247

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