AIRPORT CITY (GENERAL PARTNER) LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-08 (in 2mo)
Last made up 2025-06-24
Watchouts
Cash
£5M
+353.2% vs 2024
Net assets
£32M
-7.2% vs 2024
Employees
—
Average over period
Profit before tax
£791K
-14.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £21,328,000 | £8,859,000 | |
| Operating profit | £929,000 | £788,000 | |
| Profit before tax | £929,000 | £791,000 | |
| Net profit | £929,000 | £791,000 | |
| Cash | £1,111,000 | £5,035,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £33,999,100 | £31,562,100 | |
| Equity | £33,999,100 | £31,562,100 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 4.4% | 8.9% | |
| Net margin | 4.4% | 8.9% | |
| Current ratio | 5.01x | 3.98x |
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
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. As at 31 March 2025, Airport City Limited Partnership had drawn down £15,515,000 funding from its Partners, out of a total £60,000,000 available to the Partnership as contracted under the Partnership Deed.”
Significant events
- “Post year end there has been a change in the structure of Airport City Limited Partnership, details are in note 14. Threadneedle UKPEC II Curtis Jersey LP sold its entire 50% shareholding in Airport City Limited Partnership, Airport City (General Partner) Limited and Airport City (Asset Manager) Limited. The shareholding was divided, with 20% sold to Tameside Metropolitan Borough Council and 30% to the Council of the City of Manchester.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ETCHELLS, Kevin Patrick | Director | 2026-03-31 | May 1987 | British |
| LU, Yangfei | Director | 2024-06-11 | Sep 1986 | Chinese |
| LYNCH, David | Director | 2025-09-26 | Feb 1986 | British |
| O'TOOLE, John Kenneth | Director | 2024-07-24 | May 1974 | Irish |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHEONG, Lau Yew | Director | 2014-10-08 | 2017-03-06 |
| CORNISH, Charles Thomas | Director | 2013-10-08 | 2024-07-24 |
| DOWDALL, Patrick George | Director | 2022-07-19 | 2026-03-31 |
| EASTWOOD, Simon Paul | Director | 2014-10-08 | 2018-12-04 |
| JONES, Robin Murray | Director | 2024-07-25 | 2025-09-26 |
| PLEASANT, Steven Craig | Director | 2014-10-08 | 2022-07-19 |
| RIGG, James Mark Alexander | Director | 2020-08-07 | 2024-07-25 |
| YU, Dongwen | Director | 2017-03-06 | 2024-06-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tameside Metropolitan Borough Council (In Its Capacity As The Administering Authority For The Greater Manchester Pension Fund) | Legal person | Shares 25–50%, Voting 25–50% | 2025-09-26 | Active |
| The Council Of The City Of Manchester | Legal person | Shares 25–50%, Voting 25–50% | 2025-09-26 | Active |
| Threadneedle Asset Management Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-08-07 | Ceased 2025-09-26 |
| Threadneedle Property Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-08-07 | Ceased 2025-09-26 |
| Airport City (Manchester) Investments Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2020-08-07 |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-28 RESOLUTIONS Resolution
- 2025-10-22 MA Memorandum articles
- 2025-10-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-28 | AA | accounts | Accounts with accounts type group | |
| 2025-12-02 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-02 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-12-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | MA | incorporation | Memorandum articles | |
| 2025-10-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-11 | AA | accounts | Accounts with accounts type group | |
| 2024-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-58.5%
£21,328,000 £8,859,000
-
Cash
+353.2%
£1,111,000 £5,035,000
-
Net assets
-7.2%
£33,999,100 £31,562,100
-
Employees
—
Not reported
-
Operating profit
-15.2%
£929,000 £788,000
-
Profit before tax
-14.9%
£929,000 £791,000
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