manchester airports holdings limited

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manchester airports holdings limited Company Information

Share MANCHESTER AIRPORTS HOLDINGS LIMITED

Company Number

08353309

Shareholders

the council of the city of manchester

airports group europe (a) s.a.r.l.

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Group Structure

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Industry

Activities of head offices

 

Registered Address

6th floor olympic house, manchester airport, manchester, greater manchester, M90 1QX

manchester airports holdings limited Estimated Valuation

£1.4b

Pomanda estimates the enterprise value of MANCHESTER AIRPORTS HOLDINGS LIMITED at £1.4b based on a Turnover of £1.2b and 1.12x industry multiple (adjusted for size and gross margin).

manchester airports holdings limited Estimated Valuation

£4.4b

Pomanda estimates the enterprise value of MANCHESTER AIRPORTS HOLDINGS LIMITED at £4.4b based on an EBITDA of £492.4m and a 8.88x industry multiple (adjusted for size and gross margin).

manchester airports holdings limited Estimated Valuation

£1.4b

Pomanda estimates the enterprise value of MANCHESTER AIRPORTS HOLDINGS LIMITED at £1.4b based on Net Assets of £681.6m and 2.11x industry multiple (adjusted for liquidity).

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Manchester Airports Holdings Limited Overview

Manchester Airports Holdings Limited is a live company located in manchester, M90 1QX with a Companies House number of 08353309. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 2013, it's largest shareholder is the council of the city of manchester with a 35.5% stake. Manchester Airports Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £1.2b with rapid growth in recent years.

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Manchester Airports Holdings Limited Health Check

Pomanda's financial health check has awarded Manchester Airports Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £1.2b, make it larger than the average company (£20.1m)

£1.2b - Manchester Airports Holdings Limited

£20.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 91%, show it is growing at a faster rate (9%)

91% - Manchester Airports Holdings Limited

9% - Industry AVG

production

Production

with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)

33.2% - Manchester Airports Holdings Limited

33.2% - Industry AVG

profitability

Profitability

an operating margin of 19.4% make it more profitable than the average company (5.8%)

19.4% - Manchester Airports Holdings Limited

5.8% - Industry AVG

employees

Employees

with 6543 employees, this is above the industry average (114)

6543 - Manchester Airports Holdings Limited

114 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.7k, the company has an equivalent pay structure (£48.7k)

£50.7k - Manchester Airports Holdings Limited

£48.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £189.2k, this is equally as efficient (£196k)

£189.2k - Manchester Airports Holdings Limited

£196k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is earlier than average (44 days)

23 days - Manchester Airports Holdings Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (42 days)

29 days - Manchester Airports Holdings Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (46 days)

0 days - Manchester Airports Holdings Limited

46 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (16 weeks)

29 weeks - Manchester Airports Holdings Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 86.2%, this is a higher level of debt than the average (54.8%)

86.2% - Manchester Airports Holdings Limited

54.8% - Industry AVG

MANCHESTER AIRPORTS HOLDINGS LIMITED financials

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Manchester Airports Holdings Limited's latest turnover from March 2024 is £1.2 billion and the company has net assets of £681.6 million. According to their latest financial statements, Manchester Airports Holdings Limited has 6,543 employees and maintains cash reserves of £533.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Turnover1,238,000,0001,029,000,000462,100,000178,600,000893,400,000889,400,000818,100,000742,700,000778,800,000738,400,000671,200,000411,500,000373,200,000
Other Income Or Grants
Cost Of Sales827,404,197688,301,201311,982,976122,159,514602,776,861602,407,740557,007,681504,117,520529,300,402513,164,334469,431,499287,626,208260,674,999
Gross Profit410,595,803340,698,799150,117,02456,440,486290,623,139286,992,260261,092,319238,582,480249,499,598225,235,666201,768,501123,873,792112,525,001
Admin Expenses170,495,803312,098,799280,417,024421,040,486107,923,13971,892,26054,292,31942,782,48073,899,59883,035,666-89,714,57046,506,54289,525,001
Operating Profit240,100,00028,600,000-130,300,000-364,600,000182,700,000215,100,000206,800,000195,800,000175,600,000142,200,000291,483,07177,367,25023,000,000
Interest Payable236,300,000212,200,000190,700,000175,000,000147,600,00074,500,00067,600,00073,500,00074,200,00081,500,00068,800,00067,700,00028,600,000
Interest Receivable32,900,00012,400,0009,400,00068,200,00038,100,000
Pre-Tax Profit49,700,000-197,400,000-288,600,000-477,600,00075,400,000189,900,000157,900,000127,200,000117,200,00090,300,00080,800,000-32,400,000-6,700,000
Tax-46,500,00033,200,000-31,000,00042,400,000-60,100,000-42,200,000-35,400,000-9,800,000-500,000-21,700,00028,100,0009,200,00012,900,000
Profit After Tax3,200,000-164,200,000-319,600,000-435,200,00015,300,000147,700,000122,500,000117,400,000116,700,00068,600,000108,900,000-23,200,0006,200,000
Dividends Paid199,300,000174,700,000149,200,000124,200,000100,600,00077,000,00072,000,00020,100,00020,000,000
Retained Profit2,600,000-164,300,000-321,300,000-435,200,000-172,300,000-31,300,000-39,500,000-5,000,00016,100,000-8,400,00036,900,000-43,700,000-29,200,000
Employee Costs331,500,000291,700,000164,700,000145,000,000265,400,000249,100,000222,400,000182,100,000174,200,000165,900,000153,500,00095,500,00081,600,000
Number Of Employees6,5435,6094,2965,4956,3995,6495,1455,1884,9084,4264,2314,0602,537
EBITDA*492,400,000271,000,000109,100,000-186,700,000363,700,000368,700,000350,200,000332,100,000306,400,000271,200,000415,983,071147,367,25088,500,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Tangible Assets3,460,800,0003,371,300,0003,831,400,0003,922,500,0004,086,200,0003,569,300,0003,091,800,0002,997,900,0002,990,500,0002,997,000,0002,985,100,0002,981,700,0001,529,900,000
Intangible Assets792,500,000735,400,000296,200,000306,100,000216,200,000217,800,000208,300,000210,800,000213,300,000215,800,000206,300,000196,300,00020,000,000
Investments & Other173,800,000162,200,000200,700,000177,000,000144,500,000576,300,000541,800,000618,300,000654,400,000630,200,000595,500,000566,400,000
Debtors (Due After 1 year)93,000,000101,900,00043,800,00018,300,00088,000,000
Total Fixed Assets4,253,300,0004,106,700,0004,099,300,0004,217,400,0004,214,400,0003,787,100,0003,300,100,0003,208,700,0003,203,800,0003,212,800,0003,191,400,0003,178,000,0001,549,900,000
Stock & work in progress2,200,0004,100,0004,000,0003,500,0005,200,0003,500,0002,500,0002,100,0002,100,0001,500,0001,300,0001,500,000900,000
Trade Debtors80,900,00053,800,00047,500,00022,600,00067,400,00075,000,00094,700,00050,800,00041,400,00046,400,00038,400,00033,900,00017,700,000
Group Debtors100,000500,0005,300,000300,000
Misc Debtors69,200,00063,600,00038,800,00042,600,00035,900,00054,700,00054,400,00045,000,00029,000,00028,600,00032,500,00023,000,00016,200,000
Cash533,400,000172,800,000488,600,000542,100,000271,300,00032,500,00020,000,00016,700,000300,00010,300,00019,000,00056,900,0001,800,000
misc current assets2,600,000
total current assets703,700,000299,600,000581,000,000612,800,000841,200,000168,300,000171,700,000115,100,00078,100,00087,100,00091,200,000115,300,00036,600,000
total assets4,957,000,0004,406,300,0004,680,300,0004,830,200,0005,055,600,0003,955,400,0003,471,800,0003,323,800,0003,281,900,0003,299,900,0003,282,600,0003,293,300,0001,586,500,000
Bank overdraft25,700,00011,900,000
Bank loan548,300,000105,200,000134,100,00020,000,00012,100,000
Trade Creditors 67,400,00053,900,00035,700,00033,000,00074,200,00060,500,00050,900,00042,000,00030,000,00030,800,00024,700,00037,100,00094,700,000
Group/Directors Accounts
other short term finances7,800,0001,100,000
hp & lease commitments13,100,0009,400,0009,800,0007,900,0006,000,000
other current liabilities303,300,000256,200,000199,700,000192,200,000356,000,000242,200,000233,600,000198,700,000193,700,000168,800,000142,800,000109,600,00024,100,000
total current liabilities932,100,000424,700,000278,700,000245,000,000436,200,000302,700,000284,500,000374,800,000223,700,000219,600,000179,600,000146,700,000119,900,000
loans6,161,700,0006,054,100,0006,838,700,0006,648,900,0005,893,400,0003,664,400,0002,693,600,0002,109,000,0002,286,600,0002,284,600,0002,299,500,0002,311,300,000798,800,000
hp & lease commitments483,900,000448,800,000426,000,000428,400,000411,000,000
Accruals and Deferred Income6,600,0003,500,0005,100,0005,300,0005,300,0006,100,000
other liabilities18,800,00012,400,00012,200,0007,800,0008,200,0008,900,0009,600,00091,400,000
provisions503,000,000482,800,000493,200,000497,000,000625,200,000618,000,000615,000,000680,600,000626,600,000739,800,000684,400,000865,800,000427,800,000
total long term liabilities3,341,600,0003,278,600,0003,676,100,0003,587,300,0003,273,700,0002,160,000,0001,666,700,0001,407,000,0001,469,500,0001,525,700,0001,514,900,0001,622,900,000704,700,000
total liabilities4,273,700,0003,703,300,0003,954,800,0003,832,300,0003,709,900,0002,462,700,0001,951,200,0001,781,800,0001,693,200,0001,745,300,0001,694,500,0001,769,600,000824,600,000
net assets681,600,000701,900,000725,500,000997,900,0001,345,700,0001,492,700,0001,520,600,0001,542,000,0001,588,700,0001,554,600,0001,588,100,0001,523,700,000761,900,000
total shareholders funds681,600,000701,900,000725,500,000997,900,0001,345,700,0001,492,700,0001,520,600,0001,542,000,0001,588,700,0001,554,600,0001,588,100,0001,523,700,000761,900,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Operating Activities
Operating Profit240,100,00028,600,000-130,300,000-364,600,000182,700,000215,100,000206,800,000195,800,000175,600,000142,200,000291,483,07177,367,25023,000,000
Depreciation252,300,000228,900,000220,500,000168,000,000177,500,000150,600,000140,900,000133,800,000128,300,000129,000,000124,500,00070,000,00065,500,000
Amortisation13,500,00018,900,0009,900,0003,500,0003,000,0002,500,0002,500,0002,500,000
Tax-46,500,00033,200,000-31,000,00042,400,000-60,100,000-42,200,000-35,400,000-9,800,000-500,000-21,700,00028,100,0009,200,00012,900,000
Stock-1,900,000100,000500,000-1,700,0001,700,0001,000,000400,000600,000200,000-200,000600,000900,000
Debtors23,800,00089,200,00046,600,000-107,800,00061,600,000-19,500,00052,900,00020,600,000400,0004,400,00014,000,00023,000,00033,900,000
Creditors13,500,00018,200,0002,700,000-41,200,00013,700,0009,600,0008,900,00012,000,000-800,0006,100,000-12,400,000-57,600,00094,700,000
Accruals and Deferred Income47,100,00056,500,000900,000-160,700,000117,300,0008,600,00034,900,000-100,00024,700,00026,000,00032,400,00091,600,00024,100,000
Deferred Taxes & Provisions20,200,000-10,400,000-3,800,000-128,200,0007,200,0003,000,000-65,600,00054,000,000-113,200,00055,400,000-181,400,000438,000,000427,800,000
Cash flow from operations504,800,000279,200,00030,800,000-364,900,000378,500,000366,200,000239,700,000367,600,000215,600,000332,400,000268,883,071604,967,250613,200,000
Investing Activities
capital expenditure-398,900,000-221,500,000-138,400,000-104,100,000-696,300,000-640,600,000-234,800,000-141,200,000-121,800,000-150,400,000-137,900,000-1,698,100,000-1,615,400,000
Change in Investments11,600,000-38,500,00023,700,00032,500,000-431,800,00034,500,000-76,500,000-36,100,00024,200,00034,700,00029,100,000566,400,000
cash flow from investments-410,500,000-183,000,000-162,100,000-136,600,000-264,500,000-675,100,000-158,300,000-105,100,000-146,000,000-185,100,000-167,000,000-2,264,500,000-1,615,400,000
Financing Activities
Bank loans443,100,000105,200,000-134,100,000134,100,000-20,000,0007,900,00012,100,000
Group/Directors Accounts
Other Short Term Loans -7,800,0007,800,000-1,100,0001,100,000
Long term loans107,600,000-784,600,000189,800,000755,500,0002,229,000,000970,800,000584,600,000-177,600,0002,000,000-14,900,000-11,800,0001,512,500,000798,800,000
Hire Purchase and Lease Commitments38,800,00022,400,000-500,00019,300,000417,000,000
other long term liabilities-18,800,0006,400,000200,0004,400,000-400,000-700,000-700,000-81,800,00091,400,000
share issue-22,900,000140,700,00048,900,00087,400,00025,300,0003,400,00018,100,000-41,700,00018,000,000-25,100,00027,500,000805,500,000791,100,000
interest-203,400,000-199,800,000-181,300,000-106,800,000-109,500,000-74,500,000-67,600,000-73,500,000-74,200,000-81,500,000-68,800,000-67,700,000-28,600,000
cash flow from financing363,200,000-723,900,00064,700,000755,400,0002,543,000,000906,100,000401,200,000-154,300,000-74,600,000-114,300,000-41,700,0002,167,400,0001,653,800,000
cash and cash equivalents
cash360,600,000-315,800,000-53,500,000270,800,000238,800,00012,500,0003,300,00016,400,000-10,000,000-8,700,000-37,900,00055,100,0001,800,000
overdraft-25,700,00013,800,00011,900,000
change in cash360,600,000-290,100,000-67,300,000258,900,000238,800,00012,500,0003,300,00016,400,000-10,000,000-8,700,000-37,900,00055,100,0001,800,000

manchester airports holdings 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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Manchester Airports Holdings Limited Competitor Analysis

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Perform a competitor analysis for manchester airports holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in M90 area or any other competitors across 12 key performance metrics.

manchester airports holdings limited Ownership

MANCHESTER AIRPORTS HOLDINGS LIMITED group structure

Manchester Airports Holdings Limited has 7 subsidiary companies.

MANCHESTER AIRPORTS HOLDINGS LIMITED Shareholders

the council of the city of manchester 35.48%
airports group europe (a) s.a.r.l. 35.48%
the tameside metropolitan borough council 3.23%
the borough council of bolton 3.23%
the council of the metropolitan borough of bury 3.23%
the trafford borough council 3.23%
the rochdale borough council 3.23%
the council of the city of salford 3.23%
the oldham borough council 3.23%
wigan borough council 3.23%

manchester airports holdings limited directors

Manchester Airports Holdings Limited currently has 11 directors. The longest serving directors include Mr Charles Cornish (Jan 2013) and Mr John O'Toole (Feb 2013).

officercountryagestartendrole
Mr Charles Cornish65 years Jan 2013- Director
Mr John O'TooleUnited Kingdom50 years Feb 2013- Director
Mr Jonathan Wragg65 years Sep 2016- Director
Mrs Catherine ScheferEngland57 years Sep 2016- Director
Mr John BlundellEngland31 years Dec 2018- Director
Mrs Janine Bramall52 years Dec 2020- Director
Councillor Beverley CraigUnited Kingdom40 years Dec 2021- Director
Mr Paul Venables63 years Feb 2022- Director
Ms Amanda Brown56 years Sep 2023- Director
Ms Deepa BharadwajEngland64 years Apr 2024- Director

P&L

March 2024

turnover

1.2b

+20%

operating profit

240.1m

+740%

gross margin

33.2%

+0.17%

turnover

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

Balance Sheet

March 2024

net assets

681.6m

-0.03%

total assets

5b

+0.12%

cash

533.4m

+2.09%

net assets

Total assets minus all liabilities

manchester airports holdings limited company details

company number

08353309

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

January 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

ERNST & YOUNG LLP

address

6th floor olympic house, manchester airport, manchester, greater manchester, M90 1QX

Bank

-

Legal Advisor

-

manchester airports holdings 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 did not find charges/mortgages relating to manchester airports holdings limited.

manchester airports holdings 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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manchester airports holdings limited Companies House Filings - See Documents

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