TRILOGY LOGISTICS REIT LIMITED

1. TRILOGY LOGISTICS REIT LIMITED 2024-10-18 → present
2. THREADNEEDLE CURTIS LIMITED 2020-08-10 → 2024-10-18
3. MAG INVESTMENT ASSETS LIMITED 2019-03-22 → 2020-08-10
4. MAG INVESTMENT ASSETS PLC 2019-03-22 → 2019-03-22
5. THE MANCHESTER AIRPORT GROUP PLC 2002-01-29 → 2019-03-22
6. MANCHESTER AIRPORT GROUP PLC 2001-11-28 → 2002-01-29

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for the Company for a period of at least 12 months from the date of signing the financial statements and in doing so have considered the Company's financial position and external debt covenant calculations. The forecast indicates that the Company will remain cash-generative and continue to meet its covenant calculations and liabilities as they fall due for at least the next 12 months from the date of the approval by the Directors of the financial statements.”

Group structure

1. TRILOGY LOGISTICS REIT LIMITED · parent
   1. Parsonage Farm (Stansted) Limited 100% · England · dormant
   2. Curtis Subsidiary Limited 100% · England · dormant
   3. Trilogy Logistics REIT Investment Holdco Limited 100% · England · dormant
   4. Trilogy Logistics REIT MAN Propco Limited 100% · United Kingdom · dormant
   5. Trilogy Logistics REIT EMA Propco Limited 100% · United Kingdom · dormant

Significant events

• “On 23 June 2025, the Company restructured its property holdings by transferring its property assets at Manchester and East Midlands airport (comprising 44 investment properties with a total fair value of £360m as at 5 April 2025) to two new subsidiaries incorporated on 19 December 2024, Trilogy Logistics REIT MAN Propco Limited and Trilogy Logistics REIT EMA Propco Limited (the "Propcos").”
• “On 23 June 2025, the Company used the proceeds of the property restructure to repay its existing £192.19m loan facility with Wells Fargo Bank, N.A., London Branch in full and cancelled the interest rate derivatives held with Wells Fargo Securities International Limited.”
• “On 2 July 2025, Threadneedle UKPEC II Curtis Jersey LP, the Company's parent, signed an amendment to the Shareholder Loan Agreement which extended the termination date from 7 August 2025 to 7 August 2028.”

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

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +5.6%

  £28,281,000 → £29,876,000

• Cash

  -14.2%

  £35,538,000 → £30,477,000

• Net assets

  -1%

  £360,539,000 → £356,945,000

• Employees

  —

  Not reported

• Operating profit

  -253.9%

  £49,415,000 → -£76,060,000

• Profit before tax

  -344.6%

  £36,741,000 → -£89,882,000

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