Loss of over £1.3 million is revealed by Plymouth airport company

THE company which controls Plymouth's out-of-action airport has made a loss of more than £1.3 million in a year and is being hit by huge legal costs over the site and the Barbican's lock gates, writes William Telford.

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Newly released accounts for Plymouth City Airport Ltd, the subsidiary company which holds the long lease on the 113-acre site, shows a loss for the year of £1.378 million - up from a loss of £927,000 in 2024.

The loss, for the year to the end of March 2025, reflects the costs of maintaining the former airport site, plus interest and costs of £172,000 relating to expert legal counsel to "refute a claim made by Plymouth City Council that the company is in breach of its long lease".