Redhill Aerodrome Limited

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redhill aerodrome limited Company Information

Live

MatureSmallLow

Company Number

00264228

Website

www.redhillaerodrome.com

Registered Address

terminal building redhill aerodr, kings mill lane, redhill, surrey, RH1 5YP

Industry

Non-scheduled passenger air transport

Telephone

01737823377

Next Accounts Due

September 2024

Group Structure

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Directors

David MacAire16 Years

Thomas Slack8 Years

View All

Shareholders

redhill aerodrome ventures ltd 100%

redhill aerodrome limited Estimated Valuation

£938.3k

Pomanda estimates the enterprise value of REDHILL AERODROME LIMITED at £938.3k based on a Turnover of £2.4m and 0.39x industry multiple (adjusted for size and gross margin).

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Redhill Aerodrome Limited AI Business Plan

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Redhill Aerodrome Limited is a live company located in redhill, RH1 5YP with a Companies House number of 00264228. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in April 1932, it's largest shareholder is redhill aerodrome ventures ltd with a 100% stake. Redhill Aerodrome Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with low growth in recent years.

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Pomanda's financial health check has awarded Redhill Aerodrome Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2.4m, make it smaller than the average company (£17.6m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDHILL AERODROME LIMITED group structure

Redhill Aerodrome Limited has 1 subsidiary company.

Ultimate parent company

REDHILL AERODROME VENTURES LIMITED

02634192

1 parent

REDHILL AERODROME LIMITED

00264228

1 subsidiary

REDHILL FLYING CLUB LIMITED

00293985

REDHILL AERODROME LIMITED Shareholders

redhill aerodrome ventures ltd

100%

Redhill Aerodrome Limited currently has 5 directors. The longest serving directors include Mr David MacAire (May 2008) and Mr Thomas Slack (Oct 2015).

officer	country	age	start	end	role
Mr David MacAire	Scotland	54 years	May 2008	-	Director
Mr Thomas Slack	United Kingdom	59 years	Oct 2015	-	Director
Mr Nicholas Stagg	England	64 years	Feb 2020	-	Director
Mr David Burke		64 years	Dec 2021	-	Director
Mr Roland Walters		53 years	Dec 2021	-	Director

EXPORT

Redhill Aerodrome Limited's latest turnover from December 2022 is estimated at £2.4 million and the company has net assets of £258.5 thousand. According to their latest financial statements, Redhill Aerodrome Limited has 17 employees and maintains cash reserves of £126.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,394,029	2,121,153	1,879,937	2,270,081	2,299,522	2,391,954	2,809,601	1,905,293	2,330,508	1,798,949	2,911,793	2,743,411	1,986,470	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,017,671	1,776,492	1,583,646	1,829,662	1,837,560	1,925,416	2,261,603	1,551,101	1,917,279	1,470,731	2,381,341	2,149,533	1,553,871	0
Gross Profit	376,358	344,661	296,291	440,419	461,962	466,538	547,998	354,192	413,229	328,218	530,452	593,879	432,599	0
Admin Expenses	369,336	423,913	553,781	617,408	860,836	863,344	771,561	293,867	673,937	584,495	798,184	752,214	587,158	-1,762,864
Operating Profit	7,022	-79,252	-257,490	-176,989	-398,874	-396,806	-223,563	60,325	-260,708	-256,277	-267,732	-158,335	-154,559	1,762,864
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,361	199	95	580	551	342	99	242	241	240	322	181	59	37
Pre-Tax Profit	10,383	-79,053	-257,395	-176,409	-398,323	-396,464	-223,464	60,568	-260,468	-256,037	-267,410	-158,154	-154,500	1,762,901
Tax	-1,973	0	0	0	0	0	0	-12,113	0	0	0	0	0	-493,612
Profit After Tax	8,410	-79,053	-257,395	-176,409	-398,323	-396,464	-223,464	48,454	-260,468	-256,037	-267,410	-158,154	-154,500	1,269,289
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,410	-79,053	-257,395	-176,409	-398,323	-396,464	-223,464	48,454	-260,468	-256,037	-267,410	-158,154	-154,500	1,269,289
Employee Costs	1,031,440	1,017,298	1,103,176	986,820	852,034	878,272	696,413	408,833	431,471	354,851	591,555	614,976	509,931	0
Number Of Employees	17	18	19	18	17	18	14	8	9	7	12	13	11	0
EBITDA*	98,881	47,621	-140,267	-51,842	-273,822	-289,258	-160,152	101,768	-218,876	-218,597	-239,899	-132,280	-124,550	1,789,170

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,245,959	1,282,945	1,270,203	1,346,220	1,441,169	1,563,038	1,501,321	1,105,643	446,878	455,885	460,645	458,408	461,383	471,984
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	2,252	2,252	2,252	2,252	2,252	2,252	2,252	2,252	2,252	2,252	2,252	2,252
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	49,351	371,369	525,316	689,898
Total Fixed Assets	1,245,959	1,282,945	1,272,455	1,348,472	1,443,421	1,565,290	1,503,573	1,107,895	449,130	458,137	512,248	832,029	988,951	1,164,134
Stock & work in progress	49,780	48,420	36,962	34,042	35,772	22,572	37,877	27,598	34,642	25,043	45,358	47,932	49,949	32,770
Trade Debtors	242,227	145,154	96,901	160,277	99,431	114,395	202,509	140,031	303,374	251,038	378,354	341,809	297,148	271,863
Group Debtors	695,845	0	3,160,074	2,519,804	1,959,596	585,913	58,585	42,898	0	0	0	0	0	0
Misc Debtors	34,166	74,299	55,081	45,092	40,992	310,803	193,659	162,120	0	0	0	0	0	0
Cash	126,943	65,087	94,090	96,827	57,757	89,062	47,644	31,608	65,331	30,870	65,065	63,606	8,747	14,917
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,148,961	332,960	3,443,108	2,856,042	2,193,548	1,122,745	540,274	404,255	403,347	306,951	488,777	453,347	355,844	319,550
total assets	2,394,920	1,615,905	4,715,563	4,204,514	3,636,969	2,688,035	2,043,847	1,512,150	852,477	765,088	1,001,025	1,285,376	1,344,795	1,483,684
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	92,003	118,951	69,690	80,717	223,534	204,345	368,749	225,584	141,594	85,891	183,177	203,969	109,229	97,670
Group/Directors Accounts	1,883,009	1,082,203	4,160,551	3,393,823	2,510,566	2,686,098	1,438,095	853,148	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	109,037	111,202	105,322	91,668	69,869	52,724	67,172	77,985	0	0	0	0	0	0
total current liabilities	2,084,049	1,312,356	4,335,563	3,566,208	2,803,969	2,943,167	1,874,016	1,156,717	141,594	85,891	183,177	203,969	109,229	97,670
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	427,365	134,716	0	0	0	0
provisions	52,395	53,483	50,881	51,792	70,077	83,622	112,121	74,259	50,798	51,293	68,623	64,772	60,777	56,725
total long term liabilities	52,395	53,483	50,881	51,792	70,077	83,622	112,121	74,259	478,163	186,009	68,623	64,772	60,777	56,725
total liabilities	2,136,444	1,365,839	4,386,444	3,618,000	2,874,046	3,026,789	1,986,137	1,230,976	619,757	271,900	251,800	268,741	170,006	154,395
net assets	258,476	250,066	329,119	586,514	762,923	-338,754	57,710	281,174	232,720	493,188	749,225	1,016,635	1,174,789	1,329,289
total shareholders funds	258,476	250,066	329,119	586,514	762,923	-338,754	57,710	281,174	232,720	493,188	749,225	1,016,635	1,174,789	1,329,289

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	7,022	-79,252	-257,490	-176,989	-398,874	-396,806	-223,563	60,325	-260,708	-256,277	-267,732	-158,335	-154,559	1,762,864
Depreciation	91,859	126,873	117,223	125,147	125,052	107,548	63,411	41,443	41,832	37,680	27,833	26,055	30,009	26,306
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,973	0	0	0	0	0	0	-12,113	0	0	0	0	0	-493,612
Stock	1,360	11,458	2,920	-1,730	13,200	-15,305	10,279	-7,044	9,599	-20,315	-2,574	-2,017	17,179	32,770
Debtors	752,785	-3,092,603	586,883	625,154	1,088,908	556,358	109,704	41,675	52,336	-176,667	-285,473	-109,286	-139,297	961,761
Creditors	-26,948	49,261	-11,027	-142,817	19,189	-164,404	143,165	83,990	55,703	-97,286	-20,792	94,740	11,559	97,670
Accruals and Deferred Income	-2,165	5,880	13,654	21,799	17,145	-14,448	-10,813	77,985	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,088	2,602	-911	-18,285	-13,545	-28,499	37,862	23,461	-495	-17,330	3,851	3,995	4,052	56,725
Cash flow from operations	-687,438	3,186,509	-728,354	-814,569	-1,353,141	-1,037,662	-109,921	240,460	-225,603	-136,231	31,207	77,758	13,179	455,422
Investing Activities
capital expenditure	-54,873	-139,615	-41,206	-30,198	-3,183	-169,265	-459,089	-700,208	-32,825	-32,920	-30,070	-23,080	-19,408	-498,290
Change in Investments	0	-2,252	0	0	0	0	0	0	0	0	0	0	0	2,252
cash flow from investments	-54,873	-137,363	-41,206	-30,198	-3,183	-169,265	-459,089	-700,208	-32,825	-32,920	-30,070	-23,080	-19,408	-500,542
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	800,806	-3,078,348	766,728	883,257	-175,532	1,248,003	584,947	853,148	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-427,365	292,649	134,716	0	0	0	0
share issue	0	0	0	0	1,500,000	0	0	0	0	0	0	0	0	60,000
interest	3,361	199	95	580	551	342	99	242	241	240	322	181	59	37
cash flow from financing	804,167	-3,078,149	766,823	883,837	1,325,019	1,248,345	585,046	426,025	292,890	134,956	322	181	59	60,037
cash and cash equivalents
cash	61,856	-29,003	-2,737	39,070	-31,305	41,418	16,036	-33,723	34,461	-34,195	1,459	54,859	-6,170	14,917
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	61,856	-29,003	-2,737	39,070	-31,305	41,418	16,036	-33,723	34,461	-34,195	1,459	54,859	-6,170	14,917

P&L

December 2022

turnover

2.4m

+13%

operating profit

gross margin

15.8%

-3.25%

turnover

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

Balance Sheet

December 2022

net assets

258.5k

+0.03%

total assets

2.4m

+0.48%

cash

126.9k

+0.95%

net assets

Total assets minus all liabilities

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company number

00264228

Type

Private limited with Share Capital

industry

51102 - Non-scheduled passenger air transport

incorporation date

April 1932

age

accounts

Small Company

ultimate parent company

REDHILL AERODROME VENTURES LIMITED

previous names

redhill aerodrome (holdings) limited (August 1982)

incorporated

address

terminal building redhill aerodr, kings mill lane, redhill, surrey, RH1 5YP

last accounts submitted

December 2022

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 5 charges/mortgages relating to redhill aerodrome limited. Currently there are 0 open charges and 5 have been satisfied in the past.

redhill aerodrome limited Company Information

redhill aerodrome limited Estimated Valuation

redhill aerodrome limited Estimated Valuation

redhill aerodrome limited Estimated Valuation

Redhill Aerodrome Limited AI Business Plan

Redhill Aerodrome Limited Overview

Redhill Aerodrome Limited Health Check

redhill aerodrome limited Credit Report and Business Information

Redhill Aerodrome Limited Competitor Analysis

redhill aerodrome limited Ownership

redhill aerodrome limited directors

REDHILL AERODROME LIMITED financials

redhill aerodrome limited company details

redhill aerodrome limited Charges & Mortgages

redhill aerodrome limited Companies House Filings - See Documents