airways aero associations limited
airways aero associations limited Company Information
Company Number
00447296
Website
http://bookeraviation.aeroRegistered Address
wycombe air park booker, marlow, buckinghamshire, SL7 3DP
Industry
Non-scheduled passenger air transport
Telephone
01494523426
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
british european aviation ltd 100%
airways aero associations limited Estimated Valuation
Pomanda estimates the enterprise value of AIRWAYS AERO ASSOCIATIONS LIMITED at £2.1m based on a Turnover of £3.6m and 0.59x industry multiple (adjusted for size and gross margin).
airways aero associations limited Estimated Valuation
Pomanda estimates the enterprise value of AIRWAYS AERO ASSOCIATIONS LIMITED at £0 based on an EBITDA of £-332.9k and a 4.12x industry multiple (adjusted for size and gross margin).
airways aero associations limited Estimated Valuation
Pomanda estimates the enterprise value of AIRWAYS AERO ASSOCIATIONS LIMITED at £12.3m based on Net Assets of £5.3m and 2.31x industry multiple (adjusted for liquidity).
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Airways Aero Associations Limited Overview
Airways Aero Associations Limited is a live company located in buckinghamshire, SL7 3DP with a Companies House number of 00447296. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in December 1947, it's largest shareholder is british european aviation ltd with a 100% stake. Airways Aero Associations Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with rapid growth in recent years.
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Airways Aero Associations Limited Health Check
Pomanda's financial health check has awarded Airways Aero Associations Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£18.9m)
- Airways Aero Associations Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (6.9%)
- Airways Aero Associations Limited
6.9% - Industry AVG
Production
with a gross margin of 14.7%, this company has a comparable cost of product (14.7%)
- Airways Aero Associations Limited
14.7% - Industry AVG
Profitability
an operating margin of -9.4% make it less profitable than the average company (2.3%)
- Airways Aero Associations Limited
2.3% - Industry AVG
Employees
with 22 employees, this is below the industry average (62)
22 - Airways Aero Associations Limited
62 - Industry AVG
Pay Structure
on an average salary of £62.1k, the company has an equivalent pay structure (£62.1k)
- Airways Aero Associations Limited
£62.1k - Industry AVG
Efficiency
resulting in sales per employee of £163.8k, this is less efficient (£276.3k)
- Airways Aero Associations Limited
£276.3k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (30 days)
- Airways Aero Associations Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (28 days)
- Airways Aero Associations Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 41 days, this is more than average (12 days)
- Airways Aero Associations Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (9 weeks)
1 weeks - Airways Aero Associations Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.6%, this is a lower level of debt than the average (81.6%)
32.6% - Airways Aero Associations Limited
81.6% - Industry AVG
AIRWAYS AERO ASSOCIATIONS LIMITED financials
Airways Aero Associations Limited's latest turnover from December 2023 is estimated at £3.6 million and the company has net assets of £5.3 million. According to their latest financial statements, Airways Aero Associations Limited has 22 employees and maintains cash reserves of £26.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Feb 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,986,105 | 1,350,925 | 2,759,216 | 3,008,178 | 2,899,179 | 2,945,605 | 2,901,962 | 3,072,901 | 1,935,617 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 1,201,335 | 870,667 | 1,758,602 | 2,063,077 | 1,700,205 | 1,776,939 | 1,429,501 | 1,765,592 | 622,645 | ||||||
| Gross Profit | 784,770 | 480,258 | 1,000,614 | 945,101 | 1,198,974 | 1,168,666 | 1,472,461 | 1,307,309 | 1,312,972 | ||||||
| Admin Expenses | 825,944 | 918,117 | 1,141,370 | 1,021,039 | 1,116,541 | 1,060,108 | 1,366,563 | 1,623,535 | 1,533,427 | ||||||
| Operating Profit | -41,174 | -437,859 | -140,756 | -75,938 | 82,433 | 108,558 | 105,898 | -316,226 | -220,455 | ||||||
| Interest Payable | 0 | 0 | 4,742 | 3,040 | 6,454 | 11,396 | 17,006 | 0 | 0 | ||||||
| Interest Receivable | 2 | 8,922 | 240 | 178 | 0 | 0 | 0 | 135 | 177 | ||||||
| Pre-Tax Profit | -41,172 | -698,937 | -145,258 | -78,800 | 75,979 | 2,142,162 | 88,892 | -316,091 | -220,278 | ||||||
| Tax | 216,971 | -115,609 | 29,221 | 20,659 | -8,141 | -301,767 | -5,964 | 0 | 0 | ||||||
| Profit After Tax | 175,799 | -814,546 | -116,037 | -58,141 | 67,838 | 1,840,395 | 82,928 | -316,091 | -220,278 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 140,000 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 175,799 | -814,546 | -116,037 | -58,141 | -72,162 | 1,840,395 | 82,928 | -316,091 | -220,278 | ||||||
| Employee Costs | 112,569 | 482,840 | 706,711 | 691,138 | 678,725 | 903,210 | 536,458 | 872,696 | 755,061 | 726,295 | |||||
| Number Of Employees | 22 | 22 | 24 | 40 | 77 | 65 | 65 | 57 | 59 | 38 | |||||
| EBITDA* | -6,692 | -318,947 | -21,122 | 45,192 | 172,817 | 173,847 | 162,924 | -114,579 | -7,041 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Feb 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,166,060 | 4,799,018 | 4,895,071 | 4,973,788 | 5,461,665 | 5,389,842 | 5,307,347 | 5,200,045 | 514,744 | 417,861 | 57,528 | 169,681 | 293,837 | 595,624 | 808,931 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 461 | 3,227 | 5,993 | 8,759 | 11,064 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,880,000 | 1,775,000 | 1,775,000 | 1,775,000 | 2,045,000 | 2,045,000 | 2,045,000 | 2,045,000 | 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 | 0 |
| Total Fixed Assets | 7,046,060 | 6,574,018 | 6,670,071 | 6,748,788 | 7,506,665 | 7,434,842 | 7,352,808 | 7,248,272 | 520,737 | 426,620 | 68,592 | 169,681 | 293,837 | 595,624 | 808,931 |
| Stock & work in progress | 347,915 | 477,278 | 131,049 | 114,516 | 159,927 | 168,815 | 151,813 | 95,610 | 134,525 | 56,340 | 88,699 | 18,043 | 0 | 104,228 | 131,726 |
| Trade Debtors | 202,206 | 232,909 | 157,263 | 158,424 | 118,532 | 260,213 | 194,638 | 295,747 | 145,617 | 165,774 | 374,444 | 261,159 | 338,431 | 265,029 | 270,724 |
| Group Debtors | 0 | 509,598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 276,103 | 237,334 | 472,115 | 213,334 | 694,746 | 396,001 | 364,358 | 266,396 | 210,383 | 222,002 | 0 | 0 | 0 | 89,662 | 54,050 |
| Cash | 26,720 | 20,511 | 33,096 | 7,308 | 43,134 | 33,050 | 43,071 | 73,298 | 37,943 | 39,924 | 47,033 | 70,659 | 167,401 | 237,646 | 206,911 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 852,944 | 1,477,630 | 793,523 | 493,582 | 1,016,339 | 858,079 | 753,880 | 731,051 | 528,468 | 484,040 | 510,176 | 349,861 | 505,832 | 696,565 | 663,411 |
| total assets | 7,899,004 | 8,051,648 | 7,463,594 | 7,242,370 | 8,523,004 | 8,292,921 | 8,106,688 | 7,979,323 | 1,049,205 | 910,660 | 578,768 | 519,542 | 799,669 | 1,292,189 | 1,472,342 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 168,793 | 173,816 | 35,684 | 167,681 | 312,974 | 459,272 | 301,775 | 191,983 | 155,589 | 93,186 | 644,275 | 369,586 | 327,141 | 134,595 | 332,230 |
| Group/Directors Accounts | 329,808 | 237,684 | 1,225,966 | 1,139,207 | 572,368 | 296,298 | 296,298 | 152,261 | 34,981 | 23,837 | 0 | 0 | 70,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 2,029 | 0 | 9,167 | 55,000 | 55,000 | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 454,414 | 655,006 | 605,023 | 494,728 | 922,097 | 704,889 | 541,110 | 530,373 | 489,108 | 538,002 | 0 | 0 | 0 | 447,910 | 114,337 |
| total current liabilities | 953,015 | 1,066,506 | 1,866,673 | 1,803,645 | 1,807,439 | 1,469,626 | 1,194,183 | 929,617 | 759,678 | 655,025 | 644,275 | 369,586 | 397,141 | 582,505 | 446,567 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 28,783 | 93,285 | 123,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178,750 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,624,720 | 1,523,287 | 1,238,073 | 1,255,676 | 1,280,121 | 1,271,814 | 1,274,105 | 1,277,035 | 74,163 | 71,342 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,624,720 | 1,523,287 | 1,238,073 | 1,255,676 | 1,280,121 | 1,271,814 | 1,302,888 | 1,370,320 | 197,913 | 250,092 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,577,735 | 2,589,793 | 3,104,746 | 3,059,321 | 3,087,560 | 2,741,440 | 2,497,071 | 2,299,937 | 957,591 | 905,117 | 644,275 | 369,586 | 397,141 | 582,505 | 446,567 |
| net assets | 5,321,269 | 5,461,855 | 4,358,848 | 4,183,049 | 5,435,444 | 5,551,481 | 5,609,617 | 5,679,386 | 91,614 | 5,543 | -65,507 | 149,956 | 402,528 | 709,684 | 1,025,775 |
| total shareholders funds | 5,321,269 | 5,461,855 | 4,358,848 | 4,183,049 | 5,435,444 | 5,551,481 | 5,609,617 | 5,679,386 | 91,614 | 5,543 | -65,507 | 149,956 | 402,528 | 709,684 | 1,025,775 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Feb 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -41,174 | -437,859 | -140,756 | -75,938 | 82,433 | 108,558 | 105,898 | -316,226 | -220,455 | ||||||
| Depreciation | 6,225 | 101,603 | 34,482 | 118,912 | 119,634 | 121,130 | 87,618 | 62,523 | 54,260 | 93,407 | 114,237 | 156,909 | 168,454 | 201,647 | 213,414 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 2,766 | 2,766 | 2,766 | 2,305 | 2,766 | 0 | 0 | 0 | 0 |
| Tax | 216,971 | -115,609 | 29,221 | 20,659 | -8,141 | -301,767 | -5,964 | 0 | 0 | ||||||
| Stock | -129,363 | 346,229 | 16,533 | -45,411 | -8,888 | 17,002 | 56,203 | -38,915 | 78,185 | 38,297 | 70,656 | 18,043 | -104,228 | -27,498 | 131,726 |
| Debtors | -501,532 | 350,463 | 257,620 | -441,520 | 157,064 | 97,218 | -3,147 | 206,143 | -31,776 | 126,617 | 113,285 | -77,272 | -16,260 | 29,917 | 324,774 |
| Creditors | -5,023 | 138,132 | -131,997 | -145,293 | -146,298 | 157,497 | 109,792 | 36,394 | 62,403 | -276,400 | 274,689 | 42,445 | 192,546 | -197,635 | 332,230 |
| Accruals and Deferred Income | -200,592 | 49,983 | 110,295 | -427,369 | 217,208 | 163,779 | 10,737 | 41,265 | -48,894 | 538,002 | 0 | 0 | -447,910 | 333,573 | 114,337 |
| Deferred Taxes & Provisions | 101,433 | 285,214 | -17,603 | -24,445 | 8,307 | -2,291 | -2,930 | 1,202,872 | 2,821 | 71,342 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -103,179 | -544,732 | -60,860 | 270,616 | 229,219 | 985,383 | 126,881 | 18,940 | -16,974 | ||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 105,000 | 0 | 0 | -270,000 | 0 | 0 | 0 | 2,045,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 92,124 | -988,282 | 86,759 | 566,839 | 276,070 | 0 | 144,037 | 117,280 | 11,144 | 23,837 | 0 | -70,000 | 70,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -2,029 | 2,029 | -9,167 | -45,833 | 0 | -25,000 | 80,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -28,783 | -64,502 | -30,465 | 123,750 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -178,750 | 178,750 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 2 | 8,922 | -4,502 | -2,862 | -6,454 | -11,396 | -17,006 | 135 | 177 | ||||||
| cash flow from financing | 84,732 | 139,941 | 262,401 | -77,473 | 75,474 | 3,797,796 | 22,281 | 135 | 1,246,230 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 6,209 | -12,585 | 25,788 | -35,826 | 10,084 | -10,021 | -30,227 | 35,355 | -1,981 | -30,735 | -23,626 | -96,742 | -70,245 | 30,735 | 206,911 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,209 | -12,585 | 25,788 | -35,826 | 10,084 | -10,021 | -30,227 | 35,355 | -1,981 | -30,735 | -23,626 | -96,742 | -70,245 | 30,735 | 206,911 |
airways aero associations limited Credit Report and Business Information
Airways Aero Associations Limited Competitor Analysis
Perform a competitor analysis for airways aero associations limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in SL7 area or any other competitors across 12 key performance metrics.
airways aero associations limited Ownership
AIRWAYS AERO ASSOCIATIONS LIMITED group structure
Airways Aero Associations Limited has 1 subsidiary company.
Ultimate parent company
1 parent
AIRWAYS AERO ASSOCIATIONS LIMITED
00447296
1 subsidiary
airways aero associations limited directors
Airways Aero Associations Limited currently has 2 directors. The longest serving directors include Mr Sean Brown (Mar 2014) and Mr Alexander Brown (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Brown | England | 61 years | Mar 2014 | - | Director |
| Mr Alexander Brown | 31 years | Oct 2018 | - | Director |
P&L
December 2023turnover
3.6m
+5%
operating profit
-339.1k
0%
gross margin
14.7%
-7.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.3m
-0.03%
total assets
7.9m
-0.02%
cash
26.7k
+0.3%
net assets
Total assets minus all liabilities
airways aero associations limited company details
company number
00447296
Type
Private limited with Share Capital
industry
51102 - Non-scheduled passenger air transport
incorporation date
December 1947
age
77
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
airways aero association limited (January 2006)
accountant
GRENFELL JAMES AUDIT LLP
auditor
-
address
wycombe air park booker, marlow, buckinghamshire, SL7 3DP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
airways aero associations limited Charges & Mortgages
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 did not find charges/mortgages relating to airways aero associations limited.
airways aero associations limited Companies House Filings - See Documents
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