gatwick airport limited

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gatwick airport limited Company Information

Share GATWICK AIRPORT LIMITED

Company Number

01991018

Shareholders

ivy holdco limited

Group Structure

View All

Industry

Other transportation support activities

 

Registered Address

5th floor, destinations place, gatwick airport, gatwick, west sussex, RH6 0NP

gatwick airport limited Estimated Valuation

£965.5m

Pomanda estimates the enterprise value of GATWICK AIRPORT LIMITED at £965.5m based on a Turnover of £1b and 0.95x industry multiple (adjusted for size and gross margin).

gatwick airport limited Estimated Valuation

£3.4b

Pomanda estimates the enterprise value of GATWICK AIRPORT LIMITED at £3.4b based on an EBITDA of £518.8m and a 6.52x industry multiple (adjusted for size and gross margin).

gatwick airport limited Estimated Valuation

£427m

Pomanda estimates the enterprise value of GATWICK AIRPORT LIMITED at £427m based on Net Assets of £213.7m and 2x industry multiple (adjusted for liquidity).

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Gatwick Airport Limited Overview

Gatwick Airport Limited is a live company located in gatwick airport, gatwick, RH6 0NP with a Companies House number of 01991018. It operates in the other transportation support activities sector, SIC Code 52290. Founded in February 1986, it's largest shareholder is ivy holdco limited with a 100% stake. Gatwick Airport Limited is a mature, mega sized company, Pomanda has estimated its turnover at £1b with rapid growth in recent years.

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Gatwick Airport Limited Health Check

Pomanda's financial health check has awarded Gatwick Airport Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £1b, make it larger than the average company (£12.3m)

£1b - Gatwick Airport Limited

£12.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (12.3%)

67% - Gatwick Airport Limited

12.3% - Industry AVG

production

Production

with a gross margin of 23.3%, this company has a comparable cost of product (23.3%)

23.3% - Gatwick Airport Limited

23.3% - Industry AVG

profitability

Profitability

an operating margin of 35.9% make it more profitable than the average company (5.2%)

35.9% - Gatwick Airport Limited

5.2% - Industry AVG

employees

Employees

with 2294 employees, this is above the industry average (48)

2294 - Gatwick Airport Limited

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £73.9k, the company has a higher pay structure (£47.9k)

£73.9k - Gatwick Airport Limited

£47.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £442.5k, this is more efficient (£267.9k)

£442.5k - Gatwick Airport Limited

£267.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is earlier than average (45 days)

12 days - Gatwick Airport Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (34 days)

10 days - Gatwick Airport Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (5 days)

3 days - Gatwick Airport Limited

5 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (16 weeks)

18 weeks - Gatwick Airport Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (60.5%)

94.4% - Gatwick Airport Limited

60.5% - Industry AVG

GATWICK AIRPORT LIMITED financials

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Gatwick Airport Limited's latest turnover from December 2023 is £1 billion and the company has net assets of £213.7 million. According to their latest financial statements, Gatwick Airport Limited has 2,294 employees and maintains cash reserves of £259 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,015,100,000776,600,000192,700,000217,000,000719,600,000810,800,000764,200,000725,000,000673,100,000638,000,000593,700,000538,900,000517,400,000476,300,000565,200,000
Other Income Or Grants
Cost Of Sales778,273,799600,892,236149,635,157165,797,982549,172,538612,844,125577,707,820554,705,305524,770,493498,562,496459,617,721420,554,829402,192,406370,492,127436,700,224
Gross Profit236,826,201175,707,76543,064,84351,202,018170,427,462197,955,875186,492,180170,294,695148,329,507139,437,504134,082,279118,345,171115,207,594105,807,873128,499,776
Admin Expenses-127,873,7994,307,765244,164,843299,302,018-43,872,5387,355,87517,092,18034,994,69513,829,507-16,562,496-9,017,7211,945,171-992,4069,907,873163,599,776
Operating Profit364,700,000171,400,000-201,100,000-248,100,000214,300,000190,600,000169,400,000135,300,000134,500,000156,000,000143,100,000116,400,000116,200,00095,900,000-35,100,000
Interest Payable146,100,000146,600,000157,400,000160,200,00094,800,000121,900,000125,700,000117,500,000102,500,000110,100,000104,700,000104,800,000102,500,00064,900,00087,200,000
Interest Receivable42,000,00051,000,00095,600,00053,600,00021,400,00020,700,00029,700,00030,400,00021,300,00021,400,00052,900,00093,200,00015,800,00016,500,00039,500,000
Pre-Tax Profit243,800,000128,300,000-358,800,000-515,900,000138,600,00075,300,000148,200,00087,900,00056,600,00079,400,00085,800,000-28,300,000-48,600,000-62,500,000-182,900,000
Tax-57,500,000-35,200,000-5,000,00058,500,000-29,000,000-18,400,000-15,800,0009,500,0005,300,00087,000,000-28,300,000-800,0002,900,00012,200,00043,300,000
Profit After Tax186,300,00093,100,000-363,800,000-457,400,000109,600,00056,900,000132,400,00097,400,00061,900,000166,400,00057,500,000-29,100,000-45,700,000-50,300,000-139,600,000
Dividends Paid350,000,000125,000,00010,000,000350,500,00085,500,000
Retained Profit186,300,00093,100,000-363,800,000-457,400,000109,600,00056,900,000-217,600,000-27,600,00061,900,000166,400,00047,500,000-29,100,000-45,700,000-400,800,000-225,100,000
Employee Costs169,500,000135,900,00084,800,00097,100,000149,600,000203,600,000201,900,000200,400,000178,200,000164,800,000164,600,000149,100,000140,500,000128,500,000139,000,000
Number Of Employees2,2941,9771,7181,7683,1543,0373,2313,2312,5012,4362,4542,3712,4092,4812,398
EBITDA*518,800,000335,600,000-26,400,000-65,600,000349,200,000360,600,000337,000,000282,600,000271,700,000291,400,000255,500,000227,100,000221,500,000175,500,00059,500,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets3,268,100,0003,356,400,0004,574,100,0003,934,700,0003,533,500,0003,183,700,0003,110,500,0003,036,900,0002,936,800,0002,835,100,0002,309,600,0002,160,400,0002,017,000,0001,887,600,0001,735,500,000
Intangible Assets10,000,00016,400,00024,000,00023,300,00026,300,00024,800,00010,300,0009,800,00012,300,00014,500,000
Investments & Other791,800,000794,800,0001,073,100,0001,016,000,000826,800,000808,500,000787,400,000762,200,000776,000,000759,800,0006,200,00018,900,0004,100,000
Debtors (Due After 1 year)420,100,000424,300,000670,200,000610,100,000314,700,00016,900,00016,900,00016,900,00017,000,00017,100,00017,000,00045,900,00037,900,00026,700,00014,200,000
Total Fixed Assets3,278,100,0003,288,400,0003,944,700,0003,958,000,0003,559,800,0003,208,500,0003,120,800,0003,046,700,0002,949,100,0002,849,600,0002,326,600,0002,206,300,0002,061,100,0001,933,200,0001,753,800,000
Stock & work in progress7,500,0007,100,0006,000,0007,000,0006,100,0006,000,0004,600,0004,500,0002,900,0003,600,0003,600,0003,300,0003,900,0003,400,0003,300,000
Trade Debtors33,900,00018,800,00033,900,00018,000,00025,300,00028,800,00023,300,00021,500,00026,600,00028,200,00024,000,00025,900,00046,800,00039,600,00035,900,000
Group Debtors193,900,000171,100,00054,300,00053,300,00019,100,00011,400,0002,900,0001,800,0001,500,0001,500,0001,500,0001,600,0001,600,000
Misc Debtors47,400,00044,700,00040,500,00040,200,00035,600,00013,800,00017,300,00013,100,00016,100,00025,700,00020,300,00022,200,00010,600,00014,100,00012,000,000
Cash259,000,00033,000,000557,300,000292,400,0009,300,0001,900,00016,600,0003,000,0003,100,0003,300,00013,400,000500,00012,200,0002,200,00034,800,000
misc current assets
total current assets542,900,000274,700,000726,200,000440,100,00096,800,00061,900,00064,700,00043,900,00050,200,00062,300,00062,800,00053,500,00075,100,00059,300,00086,000,000
total assets3,821,000,0003,563,100,0004,670,900,0004,398,100,0003,656,600,0003,270,400,0003,185,500,0003,090,600,0002,999,300,0002,911,900,0002,389,400,0002,259,800,0002,136,200,0001,992,500,0001,839,800,000
Bank overdraft
Bank loan
Trade Creditors 23,300,00018,200,0008,700,0009,400,00012,400,00012,700,00014,600,00023,700,00019,700,00025,600,00019,700,00015,200,00011,900,00040,200,00043,500,000
Group/Directors Accounts174,400,0002,800,0002,800,0004,200,000400,000
other short term finances149,800,000274,600,000
hp & lease commitments3,100,0003,100,0003,200,0002,900,0002,100,0001,000,000800,000400,000300,000900,000300,000200,000200,000200,000
other current liabilities547,500,000444,400,000163,000,000157,700,000320,900,000207,900,000150,000,000143,800,000169,200,000103,600,000101,500,00098,900,000103,800,00068,900,000166,700,000
total current liabilities723,700,000465,700,000449,500,000344,400,000335,400,000221,600,000165,400,000167,900,000189,200,000130,100,000124,300,000117,100,000115,900,000113,500,000210,600,000
loans5,038,900,0005,433,700,0003,823,100,0003,862,000,0002,902,200,0002,616,600,0002,489,500,0002,170,600,0002,070,100,0001,887,400,0001,569,700,0001,537,100,0001,468,800,0001,355,000,000798,000,000
hp & lease commitments75,300,00074,900,00078,000,00060,800,00063,400,00050,300,00047,100,00045,200,00044,000,00043,700,0002,700,000200,000
Accruals and Deferred Income58,600,00044,200,00031,700,00011,300,0001,300,000
other liabilities155,800,000236,700,000
provisions342,400,000297,400,000590,200,000617,200,000408,400,000430,400,000413,000,000413,400,000440,800,000440,600,000199,100,000239,800,000191,100,000116,800,00045,900,000
total long term liabilities2,883,600,0003,049,100,0004,040,200,0003,916,800,0003,043,000,0002,781,500,0002,648,900,0002,332,100,0002,174,000,0002,162,900,0001,849,300,0001,827,700,0001,691,600,0001,483,300,000845,200,000
total liabilities3,607,300,0003,514,800,0004,489,700,0004,261,200,0003,378,400,0003,003,100,0002,814,300,0002,500,000,0002,363,200,0002,293,000,0001,973,600,0001,944,800,0001,807,500,0001,596,800,0001,055,800,000
net assets213,700,00048,300,000181,200,000136,900,000278,200,000267,300,000371,200,000590,600,000636,100,000618,900,000415,800,000315,000,000328,700,000395,700,000784,000,000
total shareholders funds213,700,00048,300,000181,200,000136,900,000278,200,000267,300,000371,200,000590,600,000636,100,000618,900,000415,800,000315,000,000328,700,000395,700,000784,000,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit364,700,000171,400,000-201,100,000-248,100,000214,300,000190,600,000169,400,000135,300,000134,500,000156,000,000143,100,000116,400,000116,200,00095,900,000-35,100,000
Depreciation147,900,000153,300,000162,800,000170,600,000127,400,000161,200,000160,000,000141,500,000128,300,000127,800,000112,400,000110,700,000105,300,00079,600,00094,600,000
Amortisation6,200,00010,900,00011,900,00011,900,0007,500,0008,800,0007,600,0005,800,0008,900,0007,600,000
Tax-57,500,000-35,200,000-5,000,00058,500,000-29,000,000-18,400,000-15,800,0009,500,0005,300,00087,000,000-28,300,000-800,0002,900,00012,200,00043,300,000
Stock400,0001,100,000-1,000,000900,0001,500,0001,400,000100,0001,600,000-700,000300,000-600,000500,000100,0003,300,000
Debtors36,400,000-140,000,00077,300,000326,900,000334,300,00010,500,0007,100,000-7,900,000-11,300,0009,700,000-32,800,000-1,300,00016,500,00018,300,00062,100,000
Creditors5,100,0009,500,000-700,000-3,000,000-2,200,000-1,900,000-9,100,0004,000,000-5,900,0005,900,0004,500,0003,300,000-28,300,000-3,300,00043,500,000
Accruals and Deferred Income103,100,000281,400,0005,300,000-163,200,000170,900,00057,900,0006,200,000-25,400,00065,600,000-56,500,00017,000,0007,600,00055,300,000-87,800,000168,000,000
Deferred Taxes & Provisions45,000,000-292,800,000-27,000,000208,800,000-4,600,00017,400,000-400,000-27,400,000200,000241,500,000-40,700,00048,700,00074,300,00070,900,00045,900,000
Cash flow from operations577,700,000437,400,000-130,100,000-292,300,000148,500,000403,700,000310,700,000249,600,000348,900,000559,600,000240,500,000287,800,000308,700,000149,100,000294,800,000
Investing Activities
capital expenditure-59,400,0001,061,100,000-814,800,000-580,700,000-573,900,000-257,700,000-241,700,000-244,900,000-236,700,000-675,400,000-199,000,000-234,700,000-230,300,000-219,000,000-202,200,000
Change in Investments-3,000,000-278,300,00057,100,000189,200,00039,400,00021,100,00025,200,000-13,800,00016,200,000759,800,000-6,200,000-12,700,00014,800,0004,100,000
cash flow from investments-56,400,0001,339,400,000-871,900,000-769,900,000-613,300,000-278,800,000-266,900,000-231,100,000-252,900,000-1,435,200,000-199,000,000-228,500,000-217,600,000-233,800,000-206,300,000
Financing Activities
Bank loans
Group/Directors Accounts-174,400,000174,400,000-2,800,0002,800,000-4,200,0003,800,000400,000
Other Short Term Loans 149,800,000-274,600,000274,600,000
Long term loans-394,800,0001,610,600,000-38,900,000959,800,000412,700,000127,100,000318,900,000100,500,000182,700,000317,700,00032,600,00068,300,000113,800,000557,000,000798,000,000
Hire Purchase and Lease Commitments400,000-3,200,00017,500,000-1,800,00017,600,0003,400,0002,300,0001,300,000-300,00041,600,0002,800,000-200,000400,000
other long term liabilities-155,800,000-80,900,000236,700,000
share issue-20,900,000-226,000,000408,100,000316,100,000-202,600,000-160,800,000-1,800,000-17,900,000-44,700,00036,700,00053,300,00015,400,000-21,300,00012,500,0001,009,100,000
interest-104,100,000-95,600,000-61,800,000-106,600,000-73,400,000-101,200,000-96,000,000-87,100,000-81,200,000-88,700,000-51,800,000-11,600,000-86,700,000-48,400,000-47,700,000
cash flow from financing-369,600,0001,011,200,000425,100,0001,341,900,000154,300,000-131,500,000223,400,000-159,000,000-24,400,000541,200,00036,900,00074,900,0001,400,000525,300,0001,759,800,000
cash and cash equivalents
cash226,000,000-524,300,000264,900,000283,100,000-7,300,000-14,700,00013,600,000-100,000-200,000-10,100,00012,900,000-11,700,00010,000,000-32,600,00034,800,000
overdraft
change in cash226,000,000-524,300,000264,900,000283,100,000-7,300,000-14,700,00013,600,000-100,000-200,000-10,100,00012,900,000-11,700,00010,000,000-32,600,00034,800,000

gatwick airport limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Gatwick Airport Limited Competitor Analysis

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Perform a competitor analysis for gatwick airport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in RH6 area or any other competitors across 12 key performance metrics.

gatwick airport limited Ownership

GATWICK AIRPORT LIMITED group structure

Gatwick Airport Limited has 1 subsidiary company.

Ultimate parent company

VINCI AIRPORTS SAS

#0102976

2 parents

GATWICK AIRPORT LIMITED

01991018

1 subsidiary

GATWICK AIRPORT LIMITED Shareholders

ivy holdco limited 100%

gatwick airport limited directors

Gatwick Airport Limited currently has 15 directors. The longest serving directors include Mr Stewart Wingate (Dec 2009) and Mr Michael McGhee (Dec 2009).

officercountryagestartendrole
Mr Stewart Wingate53 years Dec 2009- Director
Mr Michael McGheeUnited Kingdom68 years Dec 2009- Director
Mr David McMillanUnited Kingdom70 years Apr 2013- Director
Sir David HigginsUnited Kingdom70 years Jan 2017- Director
Mr Remi Maumon De LongevialleFrance40 years May 2019- Director
Mr Pierre-Hugues SchmitFrance46 years May 2019- Director
Mr Nicolas NotebaertFrance55 years May 2019- Director
Mr Olivier MathieuFrance52 years May 2019- Director
Mr Nicolas NotebaertFrance55 years May 2019- Director
Mr Eric DelobelUnited Kingdom55 years Sep 2019- Director

P&L

December 2023

turnover

1b

+31%

operating profit

364.7m

+113%

gross margin

23.4%

+3.12%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

213.7m

+3.42%

total assets

3.8b

+0.07%

cash

259m

+6.85%

net assets

Total assets minus all liabilities

gatwick airport limited company details

company number

01991018

Type

Private limited with Share Capital

industry

52290 - Other transportation support activities

incorporation date

February 1986

age

39

incorporated

UK

ultimate parent company

VINCI AIRPORTS SAS

accounts

Full Accounts

last accounts submitted

December 2023

previous names

precis (494) limited (July 1986)

accountant

-

auditor

KPMG LLP

address

5th floor, destinations place, gatwick airport, gatwick, west sussex, RH6 0NP

Bank

SANTANDER UK PLC

Legal Advisor

-

gatwick airport limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 22 charges/mortgages relating to gatwick airport limited. Currently there are 2 open charges and 20 have been satisfied in the past.

gatwick airport limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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gatwick airport limited Companies House Filings - See Documents

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