Much rather be a bucket and spade airport then a dead duck with a weekly 747 cargo flight.. posted on the dried fruit forum.. very interesting read..
A few facts from the latest Teesside Airport Ltd accounts
dated 14th Dec 2022 for the previous year.
The latest file downloads into a pdf presentation with a lot of financial information provided by the company/auditors.
https://find-and-update.company-info...filing-history
Profit and loss account:
-£79m. page 13
Liabilities:
-£52m
Expenses are shown on page 15 of the filing history file = -
£2.3 million for the year. Not refurbishing the building SWB. More to do with
exiting contracts.
Obligations for the rail terminal.
Page 15: Summary of
non disclosure exemptions:
No cashflow presented by the company?
No disclosure of remuneration of key management personel.
Airport Directors payments:
£212,000. I think they are the individuals named in the documents, (councillors?).
Assets under construction
£1m
Depreciation expense
-£602,114.
Employees 115, up from 89 in 2021.
Staff costs: £4.1m.
Admin staff: 45 (2021 staff 27). Operational staff: 75.
Companies valuation of the asset: £30m. Up from £20m the previous year.
A lot of figures, and losses. Airport Pension plan is now paid by the councils.