airport city (general partner) limited
airport city (general partner) limited Company Information
Company Number
08723477
Website
www.magairports.comRegistered Address
6th floor, olympic house manchester airport, manchester, M90 1QX
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
08452261014
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
threadneedle ukpec ii curtis jersey lp (acting by its general partner sackville property curtis (jersey gp) limited) 50%
bceg international (uk) ltd 20%
View Allairport city (general partner) limited Estimated Valuation
Pomanda estimates the enterprise value of AIRPORT CITY (GENERAL PARTNER) LIMITED at £83.1m based on a Turnover of £27.8m and 2.98x industry multiple (adjusted for size and gross margin).
airport city (general partner) limited Estimated Valuation
Pomanda estimates the enterprise value of AIRPORT CITY (GENERAL PARTNER) LIMITED at £3.9m based on an EBITDA of £620k and a 6.3x industry multiple (adjusted for size and gross margin).
airport city (general partner) limited Estimated Valuation
Pomanda estimates the enterprise value of AIRPORT CITY (GENERAL PARTNER) LIMITED at £14.3k based on Net Assets of £14.4k and 0.99x industry multiple (adjusted for liquidity).
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Airport City (general Partner) Limited Overview
Airport City (general Partner) Limited is a live company located in manchester, M90 1QX with a Companies House number of 08723477. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in October 2013, it's largest shareholder is threadneedle ukpec ii curtis jersey lp (acting by its general partner sackville property curtis (jersey gp) limited) with a 50% stake. Airport City (general Partner) Limited is a established, large sized company, Pomanda has estimated its turnover at £27.8m with unknown growth in recent years.
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Airport City (general Partner) Limited Health Check
Pomanda's financial health check has awarded Airport City (General Partner) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £27.8m, make it larger than the average company (£801k)
£27.8m - Airport City (general Partner) Limited
£801k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Airport City (general Partner) Limited
- - Industry AVG
Production
with a gross margin of 5.7%, this company has a higher cost of product (74.6%)
5.7% - Airport City (general Partner) Limited
74.6% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (36.5%)
2.2% - Airport City (general Partner) Limited
36.5% - Industry AVG
Employees
with 163 employees, this is above the industry average (4)
- Airport City (general Partner) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Airport City (general Partner) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £170.8k, this is equally as efficient (£171.7k)
- Airport City (general Partner) Limited
£171.7k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (30 days)
37 days - Airport City (general Partner) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (37 days)
40 days - Airport City (general Partner) Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 458 days, this is more than average (61 days)
458 days - Airport City (general Partner) Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (15 weeks)
21 weeks - Airport City (general Partner) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.2%, this is a lower level of debt than the average (62.8%)
25.2% - Airport City (general Partner) Limited
62.8% - Industry AVG
AIRPORT CITY (GENERAL PARTNER) LIMITED financials
Airport City (General Partner) Limited's latest turnover from March 2023 is £27.8 million and the company has net assets of £14.4 thousand. According to their latest financial statements, we estimate that Airport City (General Partner) Limited has 163 employees and maintains cash reserves of £4.3 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 27,844,000 | 0 | 0 | 0 | -550 | 11,170 | 131 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 26,254,000 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Gross Profit | 1,590,000 | 0 | 0 | 0 | -550 | 11,170 | 131 | ||
| Admin Expenses | 970,000 | -2,537 | 0 | 0 | 0 | ||||
| Operating Profit | 620,000 | 2,537 | -550 | 11,170 | 131 | -1,412 | -813 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 656,000 | 2,537 | 2,141 | 467 | -550 | 11,170 | 131 | -1,412 | -813 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 656,000 | 2,537 | 2,141 | 467 | -550 | 11,170 | 131 | -1,412 | -813 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 656,000 | 2,537 | 2,141 | 467 | -550 | 11,170 | 131 | -1,412 | -813 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | |||||||||
| EBITDA* | 620,000 | 2,537 | -550 | 11,170 | 131 | -1,412 | -813 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 32,994,000 | 36,914 | 38,960 | 33,090 | 31,523 | 28,797 | 23,395 | 19,191 | 9,197 |
| Trade Debtors | 2,831,000 | 624 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,485,100 | 26,032 | 7,159 | 308 | 100 | 2,119 | 100 | 5,545 | 3,021 |
| Cash | 4,282,000 | 2,437 | 5,688 | 3,525 | 1,926 | 610 | 6,617 | 2,751 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 41,592,100 | 66,007 | 51,807 | 36,923 | 33,549 | 31,526 | 30,112 | 27,487 | 12,218 |
| total assets | 41,592,100 | 66,007 | 51,807 | 36,923 | 33,549 | 31,526 | 30,112 | 27,487 | 12,218 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,883,000 | 545 | 89 | 542 | 703 | 839 | 2,105 | 757 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,614,000 | 11,359 | 6,794 | 4,177 | 2,812 | 5,041 | 5,495 | 7,440 | 2,920 |
| total current liabilities | 10,497,000 | 11,904 | 6,883 | 4,719 | 3,515 | 5,880 | 7,600 | 8,197 | 2,920 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,497,000 | 11,904 | 6,883 | 4,719 | 3,515 | 5,880 | 7,600 | 8,197 | 2,920 |
| net assets | 14,427 | 54,103 | 44,924 | 32,204 | 30,034 | 25,646 | 22,512 | 19,290 | 9,298 |
| total shareholders funds | 14,427 | 54,103 | 44,924 | 32,204 | 30,034 | 25,646 | 22,512 | 19,290 | 9,298 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 620,000 | 2,537 | -550 | 11,170 | 131 | -1,412 | -813 | ||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 32,957,086 | -2,046 | 5,870 | 1,567 | 2,726 | 5,402 | 4,204 | 9,994 | 9,197 |
| Debtors | 4,289,444 | 19,497 | 6,851 | 208 | -2,019 | 2,019 | -5,445 | 2,524 | 3,021 |
| Creditors | 2,882,455 | 456 | -453 | -161 | -136 | -1,266 | 1,348 | 757 | 0 |
| Accruals and Deferred Income | 7,602,641 | 4,565 | 2,617 | 1,365 | -2,229 | -454 | -1,945 | 4,520 | 2,920 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -26,141,434 | -9,893 | -3,622 | 2,029 | 775 | -8,653 | -10,111 | ||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 36,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -659,676 | 6,642 | 10,579 | 1,703 | 4,938 | -8,036 | 3,091 | 11,404 | 10,111 |
| cash and cash equivalents | |||||||||
| cash | 4,279,563 | -3,251 | 2,163 | 1,599 | 1,316 | -6,007 | 3,866 | 2,751 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,279,563 | -3,251 | 2,163 | 1,599 | 1,316 | -6,007 | 3,866 | 2,751 | 0 |
airport city (general partner) limited Credit Report and Business Information
Airport City (general Partner) Limited Competitor Analysis
Perform a competitor analysis for airport city (general partner) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in M90 area or any other competitors across 12 key performance metrics.
airport city (general partner) limited Ownership
AIRPORT CITY (GENERAL PARTNER) LIMITED group structure
Airport City (General Partner) Limited has no subsidiary companies.
Ultimate parent company
2 parents
AIRPORT CITY (GENERAL PARTNER) LIMITED
08723477
airport city (general partner) limited directors
Airport City (General Partner) Limited currently has 4 directors. The longest serving directors include Mr Patrick Dowdall (Jul 2022) and Mr Yangfei Lu (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Patrick Dowdall | England | 49 years | Jul 2022 | - | Director |
| Mr Yangfei Lu | England | 38 years | Jun 2024 | - | Director |
| Mr John O'Toole | England | 50 years | Jul 2024 | - | Director |
| Mr Robin Jones | England | 41 years | Jul 2024 | - | Director |
P&L
March 2023turnover
27.8m
0%
operating profit
620k
+24338%
gross margin
5.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
14.4k
-0.73%
total assets
41.6m
+629.12%
cash
4.3m
+1756.08%
net assets
Total assets minus all liabilities
airport city (general partner) limited company details
company number
08723477
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2013
age
11
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
6th floor, olympic house manchester airport, manchester, M90 1QX
accountant
-
auditor
ERNST & YOUNG LLP
airport city (general partner) 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 airport city (general partner) limited.
airport city (general partner) limited Companies House Filings - See Documents
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