Leeds Bradford Airport has revealed it is in talks with potential lenders about a refinance and is on track to outstrip current passenger and turnover records.

In newly filed accounts for the year to 31 March 2016, the airport said it was in talks with potential lenders about a refinance, with its current facilities set to expire in March 2017.

Given its growth expectations, the business, which has been backed by Bridgepoint Capital for almost a decade, was confident of agreeing a deal on or before that date.

Record turnover of £29.5m, up 6 per cent, was reported for the year after passenger numbers climbed to best-ever heights of 3.48 million.

Underlying EBITDA was up 38 per cent at £7m and losses narrowed from £8m to £3.8m.

The record performance was supported by 13 airline partners who served 64 destinations, while a number of capital investments, including additional boarding gates, were made during the year.

Tony Hallwood, aviation development director Leeds Bradford Airport, said: "Leeds Bradford Airport is pleased to report strong passenger traffic, delivering 5 per cent growth across our airline portfolio, which in turn has driven an improved financial performance."

Writing in the accounts, the airport's directors forecast that passenger numbers in 2016/17 would exceed the current record. Further financial improvement is also expected.

Looking beyond 2016/17, Leeds Bradford said it had already secured "significant capacity growth" from Jet2.com and Ryanair for summer 2017 with the majority of this capacity already being on sale.

Bridgepoint acquired Leeds Bradford for £181m in 2007 following a decision by five West Yorkshire councils to privatise the airport to ensure its continued expansion and an improved service for passengers.