Highlands and Islands Airports Limited
Registered name: HIGHLANDS AND ISLANDS AIRPORTS LIMITED
Highlands and Islands Airports Limited made £31.5m revenue and a £1.5m loss in the year to 31 Mar 2025.
Highlands and Islands Airports Limited’s revenue grew 8% to £31.5m in the year to 31 Mar 2025, with a loss of £1.5m and 705 employees. The company is classified under “service activities incidental to air transportation” and is based in Inverness; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Inverness
- Age
- 40 yrs · since 1986
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £27m | £29.2m | £31.5m |
| Cost of sales | −£54.1m | −£55.9m | −£57.3m |
| Gross profit | −£27.2m | −£26.7m | −£25.9m |
| Operating profit | £1.6m | £1.8m | −£1m |
| Profit before tax | £199k | £1.4m | −£1.5m |
| Profit after tax | £199k | £1.4m | −£1.5m |
| Profit (best available) | £199k | £1.4m | −£1.5m |
| Employees (average) | — | — | 705 |
| Ratios | |||
| Profit margin | 0.7% | 4.7% | −4.7% |
| Gross margin | −100.7% | −91.3% | −82.1% |
| Revenue per employee | — | — | £44.6k |
| Profit per employee | — | — | −£2.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲8.4% | ▲7.7% |
| Profit growth | — | ▲582.9% | ▼209.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Dec 2024 | Accounts · bulk data Dec 2024 | Accounts · bulk data Jan 2026 |
How the business works
- Profit margin
- −4.7%
- Profit ÷ revenue.
- Gross margin
- −82.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £44.6k
- Revenue ÷ average employees.
- Profit per employee
- −£2.1k
- 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
- —
- Now 705
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Airport Management Services LimitedFigures not disclosed
- Dundee Airport LimitedFigures not disclosed
- Highland Airways LimitedFigures not disclosed
Minority corporate shareholders
- Scottish Ministers (registered outside the UK register)
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2025 (profit −£1.5m), from the Companies House accounts bulk data published Jan 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.