Despite being licensed, Woodford has never been used for commercial (revenue) flying, only for flight testing and for BAE and its predecessors business.
The Aerodrome Licence has now been revoked and the ATZ given up. Whereas previously WFD had a licence with a number of legacy non-compliances such as terrain and trees through the obstacle limitation surfaces. A new licence application with a new owner is likely to be treated from scratch - i.e. comply with the requirements or have operating limitations as an alternative means of compliance. These could take the form of reducing the runway declared distances, higher than usual minimum descent heights, higher than usual RVR limit. Trees can be removed, hills can't, unless you're in Hong Kong. Probably not a big issue for JCB's own fleet but likely to be limiting for commercial operations.