GLASGOW AIRPORT LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of Glasgow Airport 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 £435million (2023: £363million) and net current assets of £117million (2023: £70million). 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 Glasgow Airport 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.”
• “In the year ended 31 December 2024, passenger traffic increased by 9.7% to 8.1million (2023: 7.4million). The performance reflects a 14.6% increase in international traffic following additional capacity added by a number of airlines which included the return of WizzAir and the addition of Jet2, easyJet and TUI based-aircraft to their operations at the airport.”

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

Filings

15

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.