LIVERPOOL AIRPORT (INTERMEDIATE) NO.3 LIMITED

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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Group made a profit before tax of £8.4m for the year (2024 as restated: £5.1m), the Group's net assets are £4.0m (2024 as restated: net liabilities of £2.3m). The Company has net assets of £37.4m (2024 as restated: £40.6m). Going concern has been assessed on a Group basis for Liverpool Airport (Intermediate) No.1 Limited and its subsidiary undertakings ("the wider Group"). The directors have received confirmation from Liverpool Airport (Intermediate) No.1 Limited, that the wider Group will continue to provide the necessary level of support to enable the Group to continue to operate for at least 12 months from the date of approval of the financial statements. Passenger numbers have continued to increase and for the year ended 31 March 2025 were a total of 5.2 million passengers (2024: 4.3 million). Overall passenger volumes have now surpassed pre-pandemic levels (2020: 4.8 million). On 6 August 2025, the Group carried out a refinancing of its debt arrangements. The Company's existing £42m senior loan agreement with National Westminster Bank plc and Lloyds Bank plc was replaced by a new five-year agreement with an increased facility of £88.5m. The additional loan proceeds have been used to fund the redemption of shareholder loan notes in intermediate holding entities within the Group. This re-financing should put the airport on a secure financial footing for the next five years. The directors have prepared cash flow projections which show that the wider Group is capable of operating within its available bank facilities and will continue to satisfy the covenant requirements for at least 12 months from the date of approval of the financial statements.”

Group structure

1. LIVERPOOL AIRPORT (INTERMEDIATE) NO.3 LIMITED · parent
   1. Liverpool Airport Limited 100% · UK · Operator of airport
   2. Air Traffic Control Services Limited 100% · UK · Air traffic services
   3. Liverpool Airport Services Limited 100% · UK · Cleaning services
   4. Liverpool Airport Hotel Car Park Limited 100% · UK · Dormant
   5. Liverpool Airport Renewables Limited 100% · UK · Solar farm operation

Significant events

• “On 6 August 2025, the Group carried out a refinancing of its debt arrangements. The Company's existing £42m senior loan agreement with National Westminster Bank plc and Lloyds Bank plc was replaced by a new five-year agreement with an increased facility of £88.5m. The additional loan proceeds have been used to fund the redemption of shareholder loan notes in intermediate holding entities within the Group. This re-financing should put the airport on a secure financial footing for the next five years.”
• “Key decisions during the year included progressing the development of the on-site 3MW solar array, further development work of the retail offering and final installation of the next generation X-ray machines and body scanners in order to comply with new government legislation.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +24.8%

  £44,281,000 → £55,248,000

• Cash

  +46.7%

  £4,569,000 → £6,705,000

• Net assets

  +275.7%

  -£2,260,000 → £3,970,000

• Employees

  +6.4%

  234 → 249

• Operating profit

  +44%

  £7,959,000 → £11,459,000

• Profit before tax

  +65%

  £5,098,000 → £8,413,000

• Wages

  +17%

  £10,721,000 → £12,541,000

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