Ags Airports Holdings Limited
Registered name: AGS AIRPORTS HOLDINGS LIMITED
Part of PSP Investments Holding Europe Ltd groupAgs Airports Holdings Limited made £229m revenue and a £92m loss in the year to 31 Dec 2025.
Ags Airports Holdings Limited’s revenue grew 4% to £229m in the year to 31 Dec 2025, with a loss of £92m and 405 employees. The company is classified under “activities of head offices” and is based in Leeds; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £195m | £220m | £229m |
| Operating profit | £44m | £84m | £45m |
| Profit before tax | −£7m | £14m | −£53m |
| Profit after tax | −£12m | £4m | −£92m |
| Profit (best available) | −£12m | £4m | −£92m |
| Employees (average) | 364 | 378 | 405 |
| Ratios | |||
| Profit margin | −6.2% | 1.8% | −40.2% |
| Revenue per employee | £536k | £582k | £565k |
| Profit per employee | −£33k | £10.6k | −£227k |
| Growth (year on year) | |||
| Revenue growth | — | ▲12.8% | ▲4.1% |
| Profit growth | — | — | ▼2400% |
| Headcount growth | — | ▲3.9% | ▲7.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Jul 2026 |
How the business works
- Profit margin
- −40.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £565k
- Revenue ÷ average employees.
- Profit per employee
- −£227k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲7%
- Now 405
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- PSP Investments Holding Europe Ltdultimate parent75–100%
- Ags Airports Group Holdings Limited75–100%
- Ags Airports Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Ags Airports Investments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£92m), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.