cardiff international airport limited
cardiff international airport limited Company Information
Company Number
02076096
Next Accounts
1 days late
Industry
Service activities incidental to air transportation
Shareholders
wgc holdco ltd
wgc holdco limited
Group Structure
View All
Contact
Registered Address
cardiff airport, vale of glamorgan, CF62 3BD
Website
www.cardiff-airport.comcardiff international airport limited Estimated Valuation
Pomanda estimates the enterprise value of CARDIFF INTERNATIONAL AIRPORT LIMITED at £40.9m based on a Turnover of £18.6m and 2.2x industry multiple (adjusted for size and gross margin).
cardiff international airport limited Estimated Valuation
Pomanda estimates the enterprise value of CARDIFF INTERNATIONAL AIRPORT LIMITED at £10.2m based on an EBITDA of £863k and a 11.81x industry multiple (adjusted for size and gross margin).
cardiff international airport limited Estimated Valuation
Pomanda estimates the enterprise value of CARDIFF INTERNATIONAL AIRPORT LIMITED at £0 based on Net Assets of £-4.8m and 2.73x industry multiple (adjusted for liquidity).
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Cardiff International Airport Limited Overview
Cardiff International Airport Limited is a live company located in vale of glamorgan, CF62 3BD with a Companies House number of 02076096. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in November 1986, it's largest shareholder is wgc holdco ltd with a 89.5% stake. Cardiff International Airport Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.6m with declining growth in recent years.
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Cardiff International Airport Limited Health Check
Pomanda's financial health check has awarded Cardiff International Airport Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £18.6m, make it larger than the average company (£14.3m)
£18.6m - Cardiff International Airport Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (-0.8%)
-9% - Cardiff International Airport Limited
-0.8% - Industry AVG
Production
with a gross margin of 99.6%, this company has a lower cost of product (28.3%)
99.6% - Cardiff International Airport Limited
28.3% - Industry AVG
Profitability
an operating margin of -14.7% make it less profitable than the average company (4.8%)
-14.7% - Cardiff International Airport Limited
4.8% - Industry AVG
Employees
with 299 employees, this is above the industry average (74)
299 - Cardiff International Airport Limited
74 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has a lower pay structure (£52.3k)
£34.3k - Cardiff International Airport Limited
£52.3k - Industry AVG
Efficiency
resulting in sales per employee of £62.1k, this is less efficient (£174.4k)
£62.1k - Cardiff International Airport Limited
£174.4k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (37 days)
22 days - Cardiff International Airport Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 16584 days, this is slower than average (28 days)
16584 days - Cardiff International Airport Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 1069 days, this is more than average (31 days)
1069 days - Cardiff International Airport Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (20 weeks)
36 weeks - Cardiff International Airport Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.4%, this is a higher level of debt than the average (74.6%)
110.4% - Cardiff International Airport Limited
74.6% - Industry AVG
CARDIFF INTERNATIONAL AIRPORT LIMITED financials
Cardiff International Airport Limited's latest turnover from March 2023 is £18.6 million and the company has net assets of -£4.8 million. According to their latest financial statements, Cardiff International Airport Limited has 299 employees and maintains cash reserves of £15 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,579,000 | 10,646,000 | 8,474,000 | 24,984,000 | 20,869,000 | 17,907,000 | 16,660,000 | 17,055,000 | 16,700,000 | 19,784,000 | 14,880,000 | 16,798,000 | 17,678,000 | 16,129,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 71,000 | 282,000 | 1,242,000 | 2,574,000 | 1,972,000 | 1,922,000 | 2,000,000 | 2,193,000 | 1,792,000 | 2,330,000 | ||||
| Gross Profit | 18,508,000 | 10,364,000 | 7,232,000 | 22,410,000 | 18,897,000 | 15,985,000 | 14,660,000 | 14,862,000 | 14,908,000 | 17,454,000 | ||||
| Admin Expenses | 21,247,000 | 12,434,000 | -13,709,000 | 43,677,000 | 35,536,000 | 21,170,000 | 19,777,000 | 19,385,000 | 17,759,000 | 21,549,000 | ||||
| Operating Profit | -2,739,000 | -2,070,000 | 20,941,000 | -21,267,000 | -16,639,000 | -5,185,000 | -5,117,000 | -4,523,000 | -2,851,000 | -4,095,000 | -2,436,000 | -302,000 | 2,766,000 | 1,253,000 |
| Interest Payable | 2,022,000 | 1,100,000 | 3,331,000 | 2,645,000 | 1,902,000 | 1,477,000 | 900,000 | 361,000 | 105,000 | 228,000 | 691,000 | 622,000 | 609,000 | 831,000 |
| Interest Receivable | 242,000 | 19,000 | 10,000 | 15,000 | 15,000 | 33,000 | 46,000 | 0 | 5,000 | 4,000 | 0 | 0 | 40,000 | 2,000 |
| Pre-Tax Profit | -4,519,000 | -3,151,000 | 17,620,000 | -23,897,000 | -18,526,000 | -6,629,000 | -5,971,000 | -4,884,000 | -2,951,000 | -4,319,000 | -3,127,000 | -924,000 | 2,197,000 | 424,000 |
| Tax | 20,000 | -3,000 | -3,000 | -2,000 | -1,113,000 | 914,000 | 902,000 | 849,000 | 368,000 | 1,274,000 | 2,080,000 | -12,000 | -1,149,000 | -91,000 |
| Profit After Tax | -4,499,000 | -3,154,000 | 17,617,000 | -23,899,000 | -19,639,000 | -5,715,000 | -5,069,000 | -4,035,000 | -2,583,000 | -3,045,000 | -1,047,000 | -936,000 | 1,048,000 | 333,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,499,000 | -3,154,000 | 17,617,000 | -23,899,000 | -19,639,000 | -5,715,000 | -5,069,000 | -4,035,000 | -2,583,000 | -3,045,000 | -1,047,000 | -936,000 | 1,048,000 | 333,000 |
| Employee Costs | 10,268,000 | 8,576,000 | 9,137,000 | 10,774,000 | 8,428,000 | 7,693,000 | 6,947,000 | 3,754,000 | 3,090,000 | 2,340,000 | 1,651,000 | 1,340,000 | 1,381,000 | 1,477,000 |
| Number Of Employees | 299 | 273 | 312 | 327 | 293 | 268 | 248 | 122 | 89 | 44 | 42 | 38 | 42 | 48 |
| EBITDA* | 863,000 | 1,400,000 | 30,985,000 | -691,000 | -9,418,000 | -76,000 | -889,000 | -933,000 | 41,000 | -1,168,000 | 798,000 | 2,038,000 | 4,212,000 | 2,651,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 29,517,000 | 28,956,000 | 31,597,000 | 53,407,000 | 55,633,000 | 55,584,000 | 53,315,000 | 53,313,000 | 53,305,000 | 52,197,000 | 54,791,000 | 39,729,000 | 32,456,000 | 29,575,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 10,862,000 | 13,137,000 | 9,969,000 | 5,432,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 40,000 | 292,000 | 477,000 | 323,000 | 452,000 | 365,000 | 957,000 | 2,854,000 | 0 | 47,000 | 0 | 26,000,000 | 31,000,000 | 31,000,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,557,000 | 29,248,000 | 32,074,000 | 53,730,000 | 66,947,000 | 69,086,000 | 64,241,000 | 61,599,000 | 53,305,000 | 52,244,000 | 54,791,000 | 65,729,000 | 63,456,000 | 60,575,000 |
| Stock & work in progress | 208,000 | 190,000 | 140,000 | 132,000 | 125,000 | 125,000 | 128,000 | 109,000 | 117,000 | 132,000 | 148,000 | 164,000 | 157,000 | 113,000 |
| Trade Debtors | 1,169,000 | 2,022,000 | 1,228,000 | 1,590,000 | 2,309,000 | 1,341,000 | 1,614,000 | 1,098,000 | 713,000 | 136,000 | 603,000 | 1,329,000 | 1,949,000 | 866,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 806,000 | 471,000 | 1,514,000 | 1,239,000 | 1,177,000 | 1,461,000 | 662,000 | 169,000 | 229,000 | 472,000 | 209,000 | 135,000 | 209,000 | 240,000 |
| Cash | 15,011,000 | 10,084,000 | 11,350,000 | 2,380,000 | 218,000 | 6,244,000 | 2,673,000 | 3,216,000 | 3,579,000 | 2,462,000 | 202,000 | 152,000 | 345,000 | 406,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,194,000 | 12,767,000 | 14,232,000 | 5,341,000 | 3,829,000 | 9,171,000 | 5,077,000 | 4,592,000 | 4,638,000 | 3,202,000 | 1,162,000 | 1,780,000 | 2,660,000 | 1,625,000 |
| total assets | 46,751,000 | 42,015,000 | 46,306,000 | 59,071,000 | 70,776,000 | 78,257,000 | 69,318,000 | 66,191,000 | 57,943,000 | 55,446,000 | 55,953,000 | 67,509,000 | 66,116,000 | 62,200,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,226,000 | 1,870,000 | 1,703,000 | 1,502,000 | 4,281,000 | 4,264,000 | 1,360,000 | 539,000 | 909,000 | 1,167,000 | 676,000 | 1,251,000 | 1,157,000 | 915,000 |
| Group/Directors Accounts | 16,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 18,387,000 | 12,338,000 | 14,337,000 | 11,335,000 | 14,600,000 | 6,489,000 | 5,348,000 | 6,265,000 | 3,631,000 | 3,308,000 | 3,649,000 | 4,364,000 | 4,095,000 | 2,021,000 |
| total current liabilities | 21,629,000 | 14,212,000 | 16,040,000 | 12,837,000 | 18,881,000 | 10,753,000 | 6,708,000 | 6,804,000 | 4,540,000 | 4,546,000 | 4,325,000 | 5,615,000 | 5,252,000 | 2,936,000 |
| loans | 29,963,000 | 27,952,000 | 27,208,000 | 54,607,000 | 36,200,000 | 30,600,000 | 26,680,000 | 16,000,000 | 5,000,000 | 0 | 19,805,000 | 20,646,000 | 21,746,000 | 20,515,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 2,498,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 694,000 | 303,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 581,000 | 1,140,000 | 1,968,000 | 2,258,000 | 3,511,000 | 4,365,000 | 3,999,000 | 4,092,000 |
| total long term liabilities | 29,963,000 | 27,952,000 | 27,208,000 | 54,607,000 | 36,200,000 | 33,098,000 | 27,955,000 | 17,443,000 | 7,308,000 | 2,258,000 | 24,382,000 | 25,670,000 | 26,553,000 | 25,399,000 |
| total liabilities | 51,592,000 | 42,164,000 | 43,248,000 | 67,444,000 | 55,081,000 | 43,851,000 | 34,663,000 | 24,247,000 | 11,848,000 | 6,804,000 | 28,707,000 | 31,285,000 | 31,805,000 | 28,335,000 |
| net assets | -4,841,000 | -149,000 | 3,058,000 | -8,373,000 | 15,695,000 | 34,406,000 | 34,655,000 | 41,944,000 | 46,095,000 | 48,642,000 | 27,246,000 | 36,224,000 | 34,311,000 | 33,865,000 |
| total shareholders funds | -4,841,000 | -149,000 | 3,058,000 | -8,373,000 | 15,695,000 | 34,406,000 | 34,655,000 | 41,944,000 | 46,095,000 | 48,642,000 | 27,246,000 | 36,224,000 | 34,311,000 | 33,865,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -2,739,000 | -2,070,000 | 20,941,000 | -21,267,000 | -16,639,000 | -5,185,000 | -5,117,000 | -4,523,000 | -2,851,000 | -4,095,000 | -2,436,000 | -302,000 | 2,766,000 | 1,253,000 |
| Depreciation | 3,602,000 | 3,470,000 | 10,044,000 | 3,766,000 | 3,738,000 | 3,440,000 | 3,192,000 | 3,022,000 | 2,892,000 | 2,927,000 | 3,234,000 | 2,340,000 | 1,446,000 | 1,398,000 |
| Amortisation | 0 | 0 | 0 | 16,810,000 | 3,483,000 | 1,669,000 | 1,036,000 | 568,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 20,000 | -3,000 | -3,000 | -2,000 | -1,113,000 | 914,000 | 902,000 | 849,000 | 368,000 | 1,274,000 | 2,080,000 | -12,000 | -1,149,000 | -91,000 |
| Stock | 18,000 | 50,000 | 8,000 | 7,000 | 0 | -3,000 | 19,000 | -8,000 | -15,000 | 132,000 | -16,000 | 7,000 | 44,000 | 113,000 |
| Debtors | -518,000 | -249,000 | -87,000 | -657,000 | 684,000 | 526,000 | 1,009,000 | 325,000 | 334,000 | 608,000 | -652,000 | -694,000 | 1,052,000 | 1,106,000 |
| Creditors | 1,356,000 | 167,000 | 201,000 | -2,779,000 | 17,000 | 2,904,000 | 821,000 | -370,000 | -258,000 | 1,167,000 | -575,000 | 94,000 | 242,000 | 915,000 |
| Accruals and Deferred Income | 6,049,000 | -1,999,000 | 3,002,000 | -3,265,000 | 5,613,000 | 3,639,000 | -917,000 | 2,634,000 | 323,000 | 3,308,000 | -715,000 | 269,000 | 2,074,000 | 2,021,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -581,000 | -559,000 | -828,000 | -290,000 | 2,258,000 | -854,000 | 366,000 | -93,000 | 4,092,000 |
| Cash flow from operations | 8,788,000 | -236,000 | 34,264,000 | -6,087,000 | -5,585,000 | 6,277,000 | -1,670,000 | 1,035,000 | -135,000 | 6,099,000 | 1,402,000 | 3,442,000 | 4,190,000 | 8,369,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -13,825,000 | -10,551,000 | -8,297,000 | -9,030,000 | -3,998,000 | -2,423,000 | -662,000 | |||||||
| Change in Investments | -252,000 | -185,000 | 154,000 | -129,000 | 87,000 | -592,000 | -1,897,000 | 2,854,000 | -47,000 | 47,000 | -26,000,000 | -5,000,000 | 0 | 31,000,000 |
| cash flow from investments | -13,912,000 | -9,959,000 | -6,400,000 | -11,884,000 | -3,951,000 | -2,470,000 | 25,338,000 | |||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 12,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | -71,000 | 71,000 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,011,000 | 744,000 | -27,399,000 | 18,407,000 | 5,600,000 | 3,920,000 | 10,680,000 | 11,000,000 | 5,000,000 | 0 | -841,000 | -1,100,000 | 1,231,000 | 20,515,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -694,000 | 391,000 | 303,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,780,000 | -1,081,000 | -3,321,000 | -2,630,000 | -1,887,000 | -1,444,000 | -854,000 | -361,000 | -100,000 | -224,000 | -691,000 | -622,000 | -569,000 | -829,000 |
| cash flow from financing | 50,000 | -386,000 | -36,906,000 | 15,608,000 | 4,641,000 | 7,248,000 | 7,997,000 | 10,826,000 | 4,865,000 | 51,534,000 | -9,463,000 | 1,127,000 | 60,000 | 53,218,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,927,000 | -1,266,000 | 8,970,000 | 2,162,000 | -6,026,000 | 3,571,000 | -543,000 | -363,000 | 1,117,000 | 2,462,000 | 50,000 | -193,000 | -61,000 | 406,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,927,000 | -1,266,000 | 8,970,000 | 2,162,000 | -6,026,000 | 3,571,000 | -543,000 | -363,000 | 1,117,000 | 2,462,000 | 50,000 | -193,000 | -61,000 | 406,000 |
cardiff international airport limited Credit Report and Business Information
Cardiff International Airport Limited Competitor Analysis
Perform a competitor analysis for cardiff international airport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in CF62 area or any other competitors across 12 key performance metrics.
cardiff international airport limited Ownership
CARDIFF INTERNATIONAL AIRPORT LIMITED group structure
Cardiff International Airport Limited has 1 subsidiary company.
Ultimate parent company
WELSH MINISTERS
#0022949
2 parents
CARDIFF INTERNATIONAL AIRPORT LIMITED
02076096
1 subsidiary
cardiff international airport limited directors
Cardiff International Airport Limited currently has 6 directors. The longest serving directors include Mr Spencer Birns (Dec 2013) and Mr Terence Morgan (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Spencer Birns | Wales | 51 years | Dec 2013 | - | Director |
| Mr Terence Morgan | 68 years | Mar 2017 | - | Director | |
| Mr Wayne Harvey | United Kingdom | 64 years | Jun 2020 | - | Director |
| Miss Ceri Mashlan | 52 years | May 2022 | - | Director | |
| Ms Patricia Jessopp | Wales | 61 years | Sep 2022 | - | Director |
| Mr Andrew Jones | United Kingdom | 55 years | Mar 2023 | - | Director |
P&L
March 2023turnover
18.6m
+75%
operating profit
-2.7m
+32%
gross margin
99.7%
+2.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-4.8m
+31.49%
total assets
46.8m
+0.11%
cash
15m
+0.49%
net assets
Total assets minus all liabilities
cardiff international airport limited company details
company number
02076096
Type
Private limited with Share Capital
industry
52230 - Service activities incidental to air transportation
incorporation date
November 1986
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
cardiff-wales airport limited (March 1996)
accountant
-
auditor
GRANT THORNTON UK LLP
address
cardiff airport, vale of glamorgan, CF62 3BD
Bank
HSBC BANK PLC
Legal Advisor
-
cardiff international 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 13 charges/mortgages relating to cardiff international airport limited. Currently there are 3 open charges and 10 have been satisfied in the past.
cardiff international 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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cardiff international airport limited Companies House Filings - See Documents
| date | description | view/download |
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