mag airport limited
mag airport limited Company Information
Company Number
11748654
Registered Address
6th floor, olympic house, manchester airport, manchester, M90 1QX
Industry
Service activities incidental to air transportation
Telephone
08081697030
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
manchester airport group finance limited 100%
mag airport limited Estimated Valuation
Pomanda estimates the enterprise value of MAG AIRPORT LIMITED at £149m based on a Turnover of £116m and 1.28x industry multiple (adjusted for size and gross margin).
mag airport limited Estimated Valuation
Pomanda estimates the enterprise value of MAG AIRPORT LIMITED at £125m based on an EBITDA of £15.2m and a 8.23x industry multiple (adjusted for size and gross margin).
mag airport limited Estimated Valuation
Pomanda estimates the enterprise value of MAG AIRPORT LIMITED at £167.8m based on Net Assets of £66.3m and 2.53x industry multiple (adjusted for liquidity).
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Mag Airport Limited Overview
Mag Airport Limited is a live company located in manchester, M90 1QX with a Companies House number of 11748654. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in January 2019, it's largest shareholder is manchester airport group finance limited with a 100% stake. Mag Airport Limited is a young, mega sized company, Pomanda has estimated its turnover at £116m with high growth in recent years.
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Mag Airport Limited Health Check
Pomanda's financial health check has awarded Mag Airport Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
2 Weak
Size
annual sales of £116m, make it larger than the average company (£13.7m)
£116m - Mag Airport Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (13%)
23% - Mag Airport Limited
13% - Industry AVG
Production
with a gross margin of 29.1%, this company has a comparable cost of product (29.1%)
29.1% - Mag Airport Limited
29.1% - Industry AVG
Profitability
an operating margin of 5.7% make it as profitable than the average company (4.9%)
5.7% - Mag Airport Limited
4.9% - Industry AVG
Employees
with 423 employees, this is above the industry average (70)
423 - Mag Airport Limited
70 - Industry AVG
Pay Structure
on an average salary of £143.1k, the company has a higher pay structure (£54.2k)
£143.1k - Mag Airport Limited
£54.2k - Industry AVG
Efficiency
resulting in sales per employee of £274.1k, this is more efficient (£168.3k)
£274.1k - Mag Airport Limited
£168.3k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (39 days)
1 days - Mag Airport Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (25 days)
55 days - Mag Airport Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mag Airport Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Mag Airport Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a higher level of debt than the average (58.7%)
69.9% - Mag Airport Limited
58.7% - Industry AVG
MAG AIRPORT LIMITED financials
Mag Airport Limited's latest turnover from March 2024 is £116 million and the company has net assets of £66.3 million. According to their latest financial statements, Mag Airport Limited has 423 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 115,965,000 | 112,392,000 | 82,334,000 | 63,023,000 | 59,891,000 |
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | 6,585,000 | 5,744,000 | 3,759,000 | 3,819,000 | 3,919,000 |
| Interest Payable | 11,000 | 257,000 | 72,000 | 101,000 | 0 |
| Interest Receivable | 989,000 | 490,000 | 205,000 | 150,000 | 0 |
| Pre-Tax Profit | 7,563,000 | 5,977,000 | 3,892,000 | 3,868,000 | 3,919,000 |
| Tax | -398,000 | -561,000 | -1,942,000 | -5,137,000 | -847,000 |
| Profit After Tax | 7,165,000 | 5,416,000 | 1,950,000 | -1,269,000 | 3,072,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 7,165,000 | 5,416,000 | 1,950,000 | -1,269,000 | 3,072,000 |
| Employee Costs | 60,525,000 | 51,855,000 | 28,658,000 | 34,224,000 | |
| Number Of Employees | 423 | 363 | 402 | 722 | 750 |
| EBITDA* | 15,181,000 | 20,292,000 | 17,135,000 | 6,762,000 | 4,553,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 25,732,000 | 23,578,000 | 98,068,000 | 35,679,000 | 43,336,000 |
| Intangible Assets | 23,917,000 | 24,636,000 | 14,032,000 | 16,206,000 | 0 |
| Investments & Other | 153,250,000 | 177,088,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 64,979,000 | 0 | 9,000 |
| Total Fixed Assets | 202,899,000 | 225,302,000 | 112,100,000 | 51,885,000 | 43,336,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 347,000 | 57,000 | 22,000 | 245,000 | 98,000 |
| Group Debtors | 0 | 0 | 69,562,000 | 183,728,000 | 136,392,000 |
| Misc Debtors | 17,300,000 | 12,485,000 | 3,445,000 | 10,145,000 | 51,965,000 |
| Cash | 0 | 1,000 | 2,129,000 | 7,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,647,000 | 12,543,000 | 75,158,000 | 194,125,000 | 188,455,000 |
| total assets | 220,546,000 | 237,845,000 | 187,258,000 | 246,010,000 | 231,791,000 |
| Bank overdraft | 66,492,000 | 90,483,000 | 15,000 | 3,891,000 | 23,088,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 12,555,000 | 10,819,000 | 7,006,000 | 8,948,000 | 13,921,000 |
| Group/Directors Accounts | 21,234,000 | 26,623,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 41,824,000 | 46,104,000 | 167,973,000 | 225,667,000 | 188,026,000 |
| total current liabilities | 142,105,000 | 174,029,000 | 174,994,000 | 238,506,000 | 225,035,000 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 12,107,000 | 4,648,000 | 6,923,000 | 4,094,000 | 3,684,000 |
| provisions | 0 | 0 | 3,176,000 | 3,214,000 | 0 |
| total long term liabilities | 12,107,000 | 4,648,000 | 8,511,000 | 5,701,000 | 3,684,000 |
| total liabilities | 154,212,000 | 178,677,000 | 183,505,000 | 244,207,000 | 228,719,000 |
| net assets | 66,334,000 | 59,168,000 | 3,753,000 | 1,803,000 | 3,072,000 |
| total shareholders funds | 66,334,000 | 59,168,000 | 3,753,000 | 1,803,000 | 3,072,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 6,585,000 | 5,744,000 | 3,759,000 | 3,819,000 | 3,919,000 |
| Depreciation | 5,666,000 | 10,399,000 | 8,267,000 | 1,583,000 | 634,000 |
| Amortisation | 2,930,000 | 4,149,000 | 5,109,000 | 1,360,000 | 0 |
| Tax | -398,000 | -561,000 | -1,942,000 | -5,137,000 | -847,000 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,105,000 | -125,466,000 | -56,110,000 | 5,654,000 | 188,464,000 |
| Creditors | 1,736,000 | 3,813,000 | -1,942,000 | -4,973,000 | 13,921,000 |
| Accruals and Deferred Income | -4,280,000 | -121,869,000 | -57,694,000 | 37,641,000 | 188,026,000 |
| Deferred Taxes & Provisions | 0 | -3,176,000 | -38,000 | 3,214,000 | 0 |
| Cash flow from operations | 7,134,000 | 23,965,000 | 11,629,000 | 31,853,000 | 17,189,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -23,838,000 | 177,088,000 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -5,389,000 | 26,623,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 7,459,000 | -2,275,000 | 2,829,000 | 410,000 | 3,684,000 |
| share issue | |||||
| interest | 978,000 | 233,000 | 133,000 | 49,000 | 0 |
| cash flow from financing | 3,049,000 | 74,580,000 | 2,962,000 | 459,000 | 3,684,000 |
| cash and cash equivalents | |||||
| cash | -1,000 | -2,128,000 | 2,122,000 | 7,000 | 0 |
| overdraft | -23,991,000 | 90,468,000 | -3,876,000 | -19,197,000 | 23,088,000 |
| change in cash | 23,990,000 | -92,596,000 | 5,998,000 | 19,204,000 | -23,088,000 |
mag airport limited Credit Report and Business Information
Mag Airport Limited Competitor Analysis
Perform a competitor analysis for mag airport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in M90 area or any other competitors across 12 key performance metrics.
mag airport limited Ownership
MAG AIRPORT LIMITED group structure
Mag Airport Limited has no subsidiary companies.
Ultimate parent company
2 parents
MAG AIRPORT LIMITED
11748654
mag airport limited directors
Mag Airport Limited currently has 3 directors. The longest serving directors include Mr John O'Toole (Dec 2020) and Mrs Janine Bramall (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John O'Toole | United Kingdom | 50 years | Dec 2020 | - | Director |
| Mrs Janine Bramall | 52 years | Dec 2020 | - | Director | |
| Mr John O'Toole | England | 50 years | Dec 2020 | - | Director |
P&L
March 2024turnover
116m
+3%
operating profit
6.6m
+15%
gross margin
29.1%
+16.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
66.3m
+0.12%
total assets
220.5m
-0.07%
cash
0
-1%
net assets
Total assets minus all liabilities
mag airport limited company details
company number
11748654
Type
Private limited with Share Capital
industry
52230 - Service activities incidental to air transportation
incorporation date
January 2019
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
6th floor, olympic house, manchester airport, manchester, M90 1QX
Bank
-
Legal Advisor
-
mag 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 did not find charges/mortgages relating to mag airport limited.
mag airport limited Companies House Filings - See Documents
| date | description | view/download |
|---|
