Air Handlers (northern) Limited

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air handlers (northern) limited Company Information

Live

MatureSmallHealthy

Company Number

02762764

Website

www.airhandlers.net

Registered Address

alfred procter house, bute street, salford, lancashire, M50 1DU

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01617458888

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Higgitt8 Years

David South1 Years

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Shareholders

david m. pinchbeck & barbara edna pinchbeck 90.9%

brian pinchbeck 5.5%

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air handlers (northern) limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of AIR HANDLERS (NORTHERN) LIMITED at £6.6m based on Net Assets of £3m and 2.19x industry multiple (adjusted for liquidity).

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Air Handlers (northern) Limited is a live company located in salford, M50 1DU with a Companies House number of 02762764. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in November 1992, it's largest shareholder is david m. pinchbeck & barbara edna pinchbeck with a 90.9% stake. Air Handlers (northern) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Air Handlers (Northern) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIR HANDLERS (NORTHERN) LIMITED group structure

Air Handlers (Northern) Limited has no subsidiary companies.

Ultimate parent company

AIR HANDLERS (NORTHERN) LIMITED

02762764

AIR HANDLERS (NORTHERN) LIMITED Shareholders

david m. pinchbeck & barbara edna pinchbeck	90.91%
brian pinchbeck	5.45%
kim pinchbeck	3.64%

Air Handlers (Northern) Limited currently has 4 directors. The longest serving directors include Mr Mark Higgitt (Aug 2015) and Mr David South (Nov 2022).

officer	country	age	start	end	role
Mr Mark Higgitt	United Kingdom	46 years	Aug 2015	-	Director
Mr David South	England	37 years	Nov 2022	-	Director
Mrs Dawn Coyle	United Kingdom	46 years	Apr 2023	-	Director
Mr Stephen Dunleavy	United Kingdom	41 years	May 2023	-	Director

EXPORT

Air Handlers (Northern) Limited's latest turnover from March 2023 is estimated at £4.9 million and the company has net assets of £3 million. According to their latest financial statements, Air Handlers (Northern) Limited has 53 employees and maintains cash reserves of £945.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,868,642	4,109,888	4,019,758	3,744,126	4,444,904	3,300,169	4,616,024	2,749,494	4,220,516	4,114,905	3,774,300	5,590,729	5,010,331	5,181,592
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,458,525	2,911,618	2,853,136	2,638,808	3,130,924	2,285,078	3,174,208	1,889,341	2,901,183	2,869,647	2,636,081	3,896,139	3,463,173	3,581,952
Gross Profit	1,410,117	1,198,270	1,166,622	1,105,319	1,313,980	1,015,091	1,441,816	860,153	1,319,333	1,245,258	1,138,218	1,694,590	1,547,158	1,599,640
Admin Expenses	1,194,995	785,842	1,250,862	896,553	1,046,546	977,930	1,076,541	943,020	1,264,158	1,226,577	1,074,377	1,685,047	1,239,135	1,098,925
Operating Profit	215,122	412,428	-84,240	208,766	267,434	37,161	365,275	-82,867	55,175	18,681	63,841	9,543	308,023	500,715
Interest Payable	29,616	21,916	21,455	23,071	29,640	34,548	35,590	31,312	16,726	8,097	5,513	1,411	19,008	15,868
Interest Receivable	33,029	3,850	456	360	2,035	793	83	273	107	1	38	39	1	0
Pre-Tax Profit	218,535	394,362	-105,239	186,056	239,830	3,406	329,769	-113,907	38,556	10,584	58,366	8,170	289,017	484,847
Tax	-41,522	-74,929	0	-35,351	-45,568	-647	-65,954	0	-8,097	-2,434	-14,008	-2,124	-80,925	-106,935
Profit After Tax	177,013	319,433	-105,239	150,705	194,262	2,759	263,815	-113,907	30,459	8,150	44,358	6,046	208,092	377,912
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	100,800
Retained Profit	177,013	319,433	-105,239	150,705	194,262	2,759	263,815	-113,907	30,459	8,150	44,358	6,046	208,092	277,112
Employee Costs	2,015,586	1,914,918	1,728,874	2,163,966	1,976,392	1,969,252	2,075,042	780,282	1,118,036	1,136,988	969,909	1,470,040	1,331,773	1,405,189
Number Of Employees	53	53	49	61	58	59	63	24	35	36	31	48	45	58
EBITDA*	369,239	516,494	-17,198	279,705	335,735	109,089	440,154	-13,707	116,437	88,525	139,561	70,711	367,827	570,176

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,464,558	1,843,558	1,368,255	1,444,197	1,476,900	1,524,606	1,593,104	1,604,547	1,661,495	1,666,687	1,736,531	1,791,139	1,519,118	1,649,193
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,464,558	1,843,558	1,368,255	1,444,197	1,476,900	1,524,606	1,593,104	1,604,547	1,661,495	1,666,687	1,736,531	1,791,139	1,519,118	1,649,193
Stock & work in progress	668,180	574,927	409,383	476,373	345,344	492,478	428,331	365,935	266,139	244,968	226,347	293,705	270,090	238,732
Trade Debtors	746,433	700,461	776,628	458,605	927,365	326,389	948,527	560,691	979,269	873,179	773,705	1,229,034	1,093,947	1,067,654
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	57,824
Misc Debtors	73,250	86,343	144,340	172,474	87,104	163,862	144,652	180,661	954	0	0	0	0	5,636
Cash	945,050	609,247	417,343	495,461	225,359	317,290	59	66,563	42,527	200	188	15,123	480	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,432,913	1,970,978	1,747,694	1,602,913	1,585,172	1,300,019	1,521,569	1,173,850	1,288,889	1,118,347	1,000,240	1,537,862	1,364,517	1,369,846
total assets	4,897,471	3,814,536	3,115,949	3,047,110	3,062,072	2,824,625	3,114,673	2,778,397	2,950,384	2,785,034	2,736,771	3,329,001	2,883,635	3,019,039
Bank overdraft	0	0	0	36,627	35,819	37,934	97,499	37,210	0	0	0	0	0	242,339
Bank loan	38,415	36,624	35,792	0	0	0	0	0	0	0	0	0	0	103,326
Trade Creditors	875,250	682,902	652,583	525,443	594,737	574,567	695,765	564,637	895,046	1,099,402	978,686	1,512,358	1,445,424	602,445
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	16,250	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	93,255	90,315	0	0	6,717	13,796	20,937	13,177	0	0	0	0	0	11,420
other current liabilities	577,779	434,346	294,661	212,235	257,090	126,166	169,643	256,802	0	0	0	0	0	504,194
total current liabilities	1,584,699	1,244,187	983,036	774,305	894,363	752,463	983,844	871,826	895,046	1,099,402	978,686	1,528,608	1,445,424	1,463,724
loans	232,725	270,110	306,824	324,203	359,782	444,675	482,920	521,240	405,004	109,653	139,495	30,139	13,290	225,895
hp & lease commitments	70,702	164,401	0	0	0	6,717	20,513	7,900	0	0	0	0	0	2,998
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	164,820	113,819	157,475	346,392	0	0
provisions	0	0	2,579	12,748	15,673	15,673	17,953	24,698	11,769	11,769	11,769	11,769	11,769	5,445
total long term liabilities	303,427	434,511	309,403	336,951	375,455	467,065	521,386	553,838	581,593	235,241	308,739	388,300	25,059	234,338
total liabilities	1,888,126	1,678,698	1,292,439	1,111,256	1,269,818	1,219,528	1,505,230	1,425,664	1,476,639	1,334,643	1,287,425	1,916,908	1,470,483	1,698,062
net assets	3,009,345	2,135,838	1,823,510	1,935,854	1,792,254	1,605,097	1,609,443	1,352,733	1,473,745	1,450,391	1,449,346	1,412,093	1,413,152	1,320,977
total shareholders funds	3,009,345	2,135,838	1,823,510	1,935,854	1,792,254	1,605,097	1,609,443	1,352,733	1,473,745	1,450,391	1,449,346	1,412,093	1,413,152	1,320,977

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	215,122	412,428	-84,240	208,766	267,434	37,161	365,275	-82,867	55,175	18,681	63,841	9,543	308,023	500,715
Depreciation	154,117	104,066	67,042	70,939	68,301	71,928	74,879	69,160	61,262	69,844	75,720	61,168	59,804	69,461
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-41,522	-74,929	0	-35,351	-45,568	-647	-65,954	0	-8,097	-2,434	-14,008	-2,124	-80,925	-106,935
Stock	93,253	165,544	-66,990	131,029	-147,134	64,147	62,396	99,796	21,171	18,621	-67,358	23,615	31,358	238,732
Debtors	32,879	-134,164	289,889	-383,390	524,218	-602,928	351,827	-238,871	107,044	99,474	-455,329	135,087	-37,167	1,131,114
Creditors	192,348	30,319	127,140	-69,294	20,170	-121,198	131,128	-330,409	-204,356	120,716	-533,672	66,934	842,979	602,445
Accruals and Deferred Income	143,433	139,685	82,426	-44,855	130,924	-43,477	-87,159	256,802	0	0	0	0	-504,194	504,194
Deferred Taxes & Provisions	0	-2,579	-10,169	-2,925	0	-2,280	-6,745	12,929	0	0	0	0	6,324	5,445
Cash flow from operations	537,366	577,610	-40,700	379,641	64,177	480,268	-2,799	64,690	-224,231	88,712	114,568	-23,181	637,820	205,479
Investing Activities
capital expenditure	-775,117	-579,369	8,900	-38,236	-20,595	-3,430	-63,436	-12,212	-56,070	0	-21,112	-333,189	70,271	-2,380
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-775,117	-579,369	8,900	-38,236	-20,595	-3,430	-63,436	-12,212	-56,070	0	-21,112	-333,189	70,271	-2,380
Financing Activities
Bank loans	1,791	832	35,792	0	0	0	0	0	0	0	0	0	-103,326	103,326
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-16,250	16,250	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-37,385	-36,714	-17,379	-35,579	-84,893	-38,245	-38,320	116,236	295,351	-29,842	109,356	16,849	-212,605	225,895
Hire Purchase and Lease Commitments	-90,759	254,716	0	-6,717	-13,796	-20,937	20,373	21,077	0	0	0	0	-14,418	14,418
other long term liabilities	0	0	0	0	0	0	0	-164,820	51,001	-43,656	-188,917	346,392	0	0
share issue	696,494	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-7,105	-115,917	1,043,865
interest	3,413	-18,066	-20,999	-22,711	-27,605	-33,755	-35,507	-31,039	-16,619	-8,096	-5,475	-1,372	-19,007	-15,868
cash flow from financing	573,554	193,663	-9,691	-72,112	-133,399	-100,042	-60,559	-65,651	322,628	-88,699	-108,391	371,014	-465,273	1,371,636
cash and cash equivalents
cash	335,803	191,904	-78,118	270,102	-91,931	317,231	-66,504	24,036	42,327	12	-14,935	14,643	480	0
overdraft	0	0	-36,627	808	-2,115	-59,565	60,289	37,210	0	0	0	0	-242,339	242,339
change in cash	335,803	191,904	-41,491	269,294	-89,816	376,796	-126,793	-13,174	42,327	12	-14,935	14,643	242,819	-242,339

P&L

March 2023

turnover

4.9m

+18%

operating profit

215.1k

gross margin

29%

-0.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

+0.41%

total assets

4.9m

+0.28%

cash

945.1k

+0.55%

net assets

Total assets minus all liabilities

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company number

02762764

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

November 1992

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

alfred procter house, bute street, salford, lancashire, M50 1DU

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 15 charges/mortgages relating to air handlers (northern) limited. Currently there are 2 open charges and 13 have been satisfied in the past.

air handlers (northern) limited Company Information

air handlers (northern) limited Estimated Valuation

air handlers (northern) limited Estimated Valuation

air handlers (northern) limited Estimated Valuation

Air Handlers (northern) Limited AI Business Plan

Air Handlers (northern) Limited Overview

Air Handlers (northern) Limited Health Check

air handlers (northern) limited Credit Report and Business Information

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air handlers (northern) limited directors

AIR HANDLERS (NORTHERN) LIMITED financials

air handlers (northern) limited company details

air handlers (northern) limited Charges & Mortgages

air handlers (northern) limited Companies House Filings - See Documents