prestwick airport limited
prestwick airport limited Company Information
Company Number
SC135365
Next Accounts
Dec 2025
Shareholders
prestwick aviation holdings ltd
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
glasgow prestwick airport, aviation house, prestwick, ayrshire, KA9 2PL
Website
www.glasgowprestwick.comprestwick airport limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTWICK AIRPORT LIMITED at £15m based on a Turnover of £4m and 3.69x industry multiple (adjusted for size and gross margin).
prestwick airport limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTWICK AIRPORT LIMITED at £16.3m based on an EBITDA of £2.3m and a 7.22x industry multiple (adjusted for size and gross margin).
prestwick airport limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTWICK AIRPORT LIMITED at £54m based on Net Assets of £31m and 1.75x industry multiple (adjusted for liquidity).
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Prestwick Airport Limited Overview
Prestwick Airport Limited is a live company located in prestwick, KA9 2PL with a Companies House number of SC135365. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 1991, it's largest shareholder is prestwick aviation holdings ltd with a 100% stake. Prestwick Airport Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with high growth in recent years.
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Prestwick Airport Limited Health Check
Pomanda's financial health check has awarded Prestwick Airport Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
1 Weak
Size
annual sales of £4m, make it larger than the average company (£924.2k)
£4m - Prestwick Airport Limited
£924.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.9%)
17% - Prestwick Airport Limited
4.9% - Industry AVG
Production
with a gross margin of 75.4%, this company has a comparable cost of product (75.4%)
75.4% - Prestwick Airport Limited
75.4% - Industry AVG
Profitability
an operating margin of 29.9% make it as profitable than the average company (29.6%)
29.9% - Prestwick Airport Limited
29.6% - Industry AVG
Employees
with 23 employees, this is above the industry average (4)
- Prestwick Airport Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)
- Prestwick Airport Limited
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £176k, this is equally as efficient (£177.3k)
- Prestwick Airport Limited
£177.3k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (30 days)
29 days - Prestwick Airport Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (38 days)
18 days - Prestwick Airport Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prestwick Airport Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 143 weeks, this is more cash available to meet short term requirements (12 weeks)
143 weeks - Prestwick Airport Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11.1%, this is a lower level of debt than the average (64%)
11.1% - Prestwick Airport Limited
64% - Industry AVG
PRESTWICK AIRPORT LIMITED financials
Prestwick Airport Limited's latest turnover from March 2024 is £4 million and the company has net assets of £31 million. According to their latest financial statements, we estimate that Prestwick Airport Limited has 23 employees and maintains cash reserves of £7.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,049,000 | 3,263,000 | 2,684,000 | 2,513,000 | 2,920,000 | 2,711,000 | 2,298,000 | 2,211,000 | 2,188,000 | 2,531,000 | 2,663,000 | 2,678,000 | 2,560,000 | 2,413,000 | 2,902,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 190,000 | 774,000 | 1,906,000 | 3,100,000 | 3,248,000 | 4,464,000 | 3,895,000 | 5,092,000 | 845,000 | 10,790,000 | 3,504,000 | 3,989,000 | 4,951,000 | ||
| Gross Profit | 2,494,000 | 1,739,000 | 1,014,000 | -389,000 | -950,000 | -2,253,000 | -1,707,000 | -2,561,000 | 1,818,000 | -8,112,000 | -944,000 | -1,576,000 | -2,049,000 | ||
| Admin Expenses | 1,013,000 | -5,551,000 | -3,986,000 | -985,000 | 475,000 | 505,000 | 450,000 | 522,000 | 267,000 | 1,054,000 | 783,000 | 829,000 | 1,260,000 | ||
| Operating Profit | 1,211,000 | 2,439,000 | 1,481,000 | 7,290,000 | 5,000,000 | 596,000 | -1,425,000 | -2,758,000 | -2,157,000 | -3,083,000 | 1,551,000 | -9,166,000 | -1,727,000 | -2,405,000 | -3,309,000 |
| Interest Payable | 294,000 | 605,000 | 587,000 | 557,000 | 604,000 | ||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 1,211,000 | 2,439,000 | 1,906,000 | 15,555,000 | 6,430,000 | 596,000 | -1,425,000 | -2,758,000 | -2,157,000 | -3,083,000 | 1,257,000 | -9,771,000 | -2,314,000 | -2,962,000 | -3,913,000 |
| Tax | -262,000 | -156,000 | 116,000 | -122,000 | -60,000 | ||||||||||
| Profit After Tax | 949,000 | 2,439,000 | 1,906,000 | 15,555,000 | 6,430,000 | 596,000 | -1,425,000 | -2,758,000 | -2,157,000 | -3,083,000 | 1,257,000 | -9,927,000 | -2,198,000 | -3,084,000 | -3,973,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 949,000 | 2,439,000 | 1,906,000 | 15,555,000 | 6,430,000 | 596,000 | -1,425,000 | -2,758,000 | -2,157,000 | -3,083,000 | 1,257,000 | -9,927,000 | -2,198,000 | -3,084,000 | -3,973,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 2,262,000 | 3,284,000 | 2,231,000 | 7,364,000 | 6,818,000 | 596,000 | -1,425,000 | -2,705,000 | -2,253,000 | -3,083,000 | 1,551,000 | -8,478,000 | 1,817,000 | 1,625,000 | 1,686,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,220,000 | 7,396,000 | 19,855,000 | 19,060,000 | 5,200,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 750,000 | 17,319,000 | 24,275,000 | 35,201,000 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | 15,733,000 | 14,405,000 | 13,890,000 | 13,465,000 | 5,200,000 | 5,200,000 | 2,520,000 | 2,505,000 | 2,460,000 | 2,750,000 | 3,270,000 | 3,300,000 | 7,150,000 | 7,600,000 | 9,010,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 26,953,000 | 21,801,000 | 19,855,000 | 19,060,000 | 5,200,000 | 5,200,000 | 3,370,000 | 3,355,000 | 3,310,000 | 3,600,000 | 4,120,000 | 4,050,000 | 24,469,000 | 31,875,000 | 44,211,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 328,000 | 200,000 | 241,000 | 296,000 | 491,000 | 482,000 | 379,000 | 304,000 | 277,000 | 356,000 | 418,000 | 417,000 | 346,000 | 447,000 | |
| Group Debtors | 5,349,000 | 4,898,000 | 1,387,000 | 2,112,000 | 3,317,000 | 5,076,000 | 5,233,000 | 4,632,000 | 4,198,000 | 2,977,000 | |||||
| Misc Debtors | 14,000 | 16,000 | 5,893,000 | 1,000 | 2,000 | 3,000 | 37,000 | ||||||||
| Cash | 7,521,000 | 5,113,000 | 5,019,000 | 2,470,000 | 4,290,000 | 388,000 | 464,000 | 383,000 | 310,000 | 284,000 | 116,000 | 5,000 | 1,000 | 15,000 | |
| misc current assets | 1,250,000 | ||||||||||||||
| total current assets | 7,863,000 | 10,678,000 | 10,158,000 | 8,363,000 | 5,974,000 | 2,129,000 | 946,000 | 762,000 | 2,726,000 | 3,878,000 | 5,548,000 | 5,651,000 | 5,056,000 | 4,548,000 | 3,476,000 |
| total assets | 34,816,000 | 32,479,000 | 30,013,000 | 27,423,000 | 11,174,000 | 7,329,000 | 4,316,000 | 4,117,000 | 6,036,000 | 7,478,000 | 9,668,000 | 9,701,000 | 29,525,000 | 36,423,000 | 47,687,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 51,000 | 136,000 | 1,534,000 | 844,000 | 147,000 | ||||||||||
| Group/Directors Accounts | 1,056,000 | 2,104,000 | 2,156,000 | 23,543,000 | 22,582,000 | 21,977,000 | 21,054,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,627,000 | 1,465,000 | 32,000 | 30,000 | 27,000 | 1,553,000 | 2,446,000 | 2,970,000 | 2,123,000 | 1,400,000 | 499,000 | 624,000 | 567,000 | 496,000 | 440,000 |
| total current liabilities | 2,734,000 | 1,601,000 | 1,566,000 | 874,000 | 174,000 | 3,657,000 | 4,602,000 | 2,970,000 | 2,123,000 | 1,400,000 | 499,000 | 24,167,000 | 23,149,000 | 22,473,000 | 21,494,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 883,000 | 898,000 | |||||||||||||
| other liabilities | 868,000 | 875,000 | 891,000 | ||||||||||||
| provisions | 262,000 | 347,000 | 391,000 | ||||||||||||
| total long term liabilities | 1,130,000 | 875,000 | 883,000 | 891,000 | 898,000 | 347,000 | 391,000 | ||||||||
| total liabilities | 3,864,000 | 2,476,000 | 2,449,000 | 1,765,000 | 1,072,000 | 3,657,000 | 4,602,000 | 2,970,000 | 2,123,000 | 1,400,000 | 499,000 | 24,167,000 | 23,149,000 | 22,820,000 | 21,885,000 |
| net assets | 30,952,000 | 30,003,000 | 27,564,000 | 25,658,000 | 10,102,000 | 3,672,000 | -286,000 | 1,147,000 | 3,913,000 | 6,078,000 | 9,169,000 | -14,466,000 | 6,376,000 | 13,603,000 | 25,802,000 |
| total shareholders funds | 30,952,000 | 30,003,000 | 27,564,000 | 25,658,000 | 10,102,000 | 3,672,000 | -286,000 | 1,147,000 | 3,913,000 | 6,078,000 | 9,169,000 | -14,466,000 | 6,376,000 | 13,603,000 | 25,802,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,211,000 | 2,439,000 | 1,481,000 | 7,290,000 | 5,000,000 | 596,000 | -1,425,000 | -2,758,000 | -2,157,000 | -3,083,000 | 1,551,000 | -9,166,000 | -1,727,000 | -2,405,000 | -3,309,000 |
| Depreciation | 1,051,000 | 845,000 | 750,000 | 74,000 | 1,818,000 | 53,000 | -96,000 | 688,000 | 3,544,000 | 4,030,000 | 4,995,000 | ||||
| Amortisation | |||||||||||||||
| Tax | -262,000 | -156,000 | 116,000 | -122,000 | -60,000 | ||||||||||
| Stock | |||||||||||||||
| Debtors | -5,223,000 | 426,000 | -754,000 | 4,209,000 | 1,193,000 | 9,000 | 103,000 | -2,037,000 | -1,178,000 | -1,838,000 | -219,000 | 600,000 | 504,000 | 1,086,000 | 3,461,000 |
| Creditors | -85,000 | -1,398,000 | 690,000 | 697,000 | 147,000 | ||||||||||
| Accruals and Deferred Income | 162,000 | 550,000 | 885,000 | -895,000 | -628,000 | -893,000 | -524,000 | 847,000 | 723,000 | 901,000 | -125,000 | 57,000 | 71,000 | 56,000 | 440,000 |
| Deferred Taxes & Provisions | 262,000 | -347,000 | -44,000 | 391,000 | |||||||||||
| Cash flow from operations | 7,562,000 | 2,010,000 | 4,560,000 | 2,957,000 | 5,144,000 | -306,000 | -2,052,000 | 179,000 | -352,000 | -344,000 | 1,645,000 | -9,177,000 | 1,153,000 | 429,000 | -1,004,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,328,000 | 515,000 | 425,000 | 8,265,000 | 2,680,000 | 15,000 | 45,000 | -290,000 | -520,000 | -30,000 | -3,850,000 | -450,000 | -1,410,000 | 9,010,000 | |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,056,000 | -2,104,000 | -52,000 | 2,156,000 | -23,543,000 | 961,000 | 605,000 | 923,000 | 21,054,000 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -7,000 | 875,000 | -891,000 | 891,000 | |||||||||||
| share issue | |||||||||||||||
| interest | -294,000 | -605,000 | -587,000 | -557,000 | -604,000 | ||||||||||
| cash flow from financing | 1,049,000 | 875,000 | -891,000 | 892,000 | -2,104,000 | 3,310,000 | 2,148,000 | -8,000 | -8,000 | -8,000 | -1,459,000 | -10,559,000 | -5,011,000 | -8,749,000 | 50,225,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 2,408,000 | 94,000 | 2,549,000 | -1,820,000 | 3,902,000 | -76,000 | 81,000 | 73,000 | 26,000 | 168,000 | 116,000 | -5,000 | 4,000 | -14,000 | 15,000 |
| overdraft | |||||||||||||||
| change in cash | 2,408,000 | 94,000 | 2,549,000 | -1,820,000 | 3,902,000 | -76,000 | 81,000 | 73,000 | 26,000 | 168,000 | 116,000 | -5,000 | 4,000 | -14,000 | 15,000 |
prestwick airport limited Credit Report and Business Information
Prestwick Airport Limited Competitor Analysis
Perform a competitor analysis for prestwick airport limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in KA9 area or any other competitors across 12 key performance metrics.
prestwick airport limited Ownership
PRESTWICK AIRPORT LIMITED group structure
Prestwick Airport Limited has 2 subsidiary companies.
Ultimate parent company
THE SCOTTISH MINISTERS.
#0009624
2 parents
PRESTWICK AIRPORT LIMITED
SC135365
2 subsidiaries
prestwick airport limited directors
Prestwick Airport Limited currently has 2 directors. The longest serving directors include Mr Ian Forgie (Apr 2018) and Mr Juan Merrill (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Forgie | Scotland | 60 years | Apr 2018 | - | Director |
| Mr Juan Merrill | Scotland | 63 years | Dec 2021 | - | Director |
P&L
March 2024turnover
4m
+24%
operating profit
1.2m
-50%
gross margin
75.5%
+0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
31m
+0.03%
total assets
34.8m
+0.07%
cash
7.5m
+0.47%
net assets
Total assets minus all liabilities
prestwick airport limited company details
company number
SC135365
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
December 1991
age
34
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
pik facilities ltd. (February 2006)
st. vincent street (198) limited (January 1992)
accountant
-
auditor
AZETS AUDIT SERVICES
address
glasgow prestwick airport, aviation house, prestwick, ayrshire, KA9 2PL
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
prestwick 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 11 charges/mortgages relating to prestwick airport limited. Currently there are 3 open charges and 8 have been satisfied in the past.
prestwick 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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prestwick airport limited Companies House Filings - See Documents
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