pattonair limited

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pattonair limited Company Information

Share PATTONAIR LIMITED

Company Number

00974964

Shareholders

pattonair europe limited

Group Structure

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Industry

Wholesale of other intermediate products

 

Registered Address

ascot business park, 50 longbridge lane, derby, DE24 8UJ

Website

-

pattonair limited Estimated Valuation

£60.4m

Pomanda estimates the enterprise value of PATTONAIR LIMITED at £60.4m based on a Turnover of £89m and 0.68x industry multiple (adjusted for size and gross margin).

pattonair limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of PATTONAIR LIMITED at £6.9m based on an EBITDA of £1.1m and a 6.55x industry multiple (adjusted for size and gross margin).

pattonair limited Estimated Valuation

£88.2m

Pomanda estimates the enterprise value of PATTONAIR LIMITED at £88.2m based on Net Assets of £41.9m and 2.11x industry multiple (adjusted for liquidity).

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Pattonair Limited Overview

Pattonair Limited is a live company located in derby, DE24 8UJ with a Companies House number of 00974964. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in March 1970, it's largest shareholder is pattonair europe limited with a 100% stake. Pattonair Limited is a mature, large sized company, Pomanda has estimated its turnover at £89m with healthy growth in recent years.

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Pattonair Limited Health Check

Pomanda's financial health check has awarded Pattonair Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £89m, make it larger than the average company (£18.4m)

£89m - Pattonair Limited

£18.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8%)

7% - Pattonair Limited

8% - Industry AVG

production

Production

with a gross margin of 22.9%, this company has a comparable cost of product (25%)

22.9% - Pattonair Limited

25% - Industry AVG

profitability

Profitability

an operating margin of 1% make it less profitable than the average company (6.2%)

1% - Pattonair Limited

6.2% - Industry AVG

employees

Employees

with 117 employees, this is above the industry average (37)

117 - Pattonair Limited

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.4k, the company has an equivalent pay structure (£46.2k)

£55.4k - Pattonair Limited

£46.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £760.9k, this is more efficient (£424.8k)

£760.9k - Pattonair Limited

£424.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 68 days, this is later than average (54 days)

68 days - Pattonair Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 57 days, this is slower than average (27 days)

57 days - Pattonair Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 250 days, this is more than average (78 days)

250 days - Pattonair Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)

3 weeks - Pattonair Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 64.7%, this is a higher level of debt than the average (49.2%)

64.7% - Pattonair Limited

49.2% - Industry AVG

PATTONAIR LIMITED financials

EXPORTms excel logo

Pattonair Limited's latest turnover from December 2023 is £89 million and the company has net assets of £41.9 million. According to their latest financial statements, Pattonair Limited has 117 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover89,022,00077,015,00064,809,00073,647,000112,438,000112,871,00078,604,00097,585,00090,784,00090,839,000111,137,00079,801,00045,662,00038,173,00033,658,173
Other Income Or Grants
Cost Of Sales68,631,00061,668,00054,088,00060,976,00086,510,00088,003,00061,433,00075,909,00073,100,00073,969,00085,464,00060,370,00034,236,00028,185,00023,792,690
Gross Profit20,391,00015,347,00010,721,00012,671,00025,928,00024,868,00017,171,00021,676,00017,684,00016,870,00025,673,00019,431,00011,426,0009,988,0009,865,483
Admin Expenses19,505,00033,496,00010,725,00017,125,00011,942,00014,634,0009,925,00012,821,00012,542,00010,806,00015,549,00012,652,0006,405,0005,453,0007,712,538
Operating Profit886,000-18,149,000-4,000-4,454,00013,986,00010,234,0007,246,0008,855,0005,142,0006,064,00010,124,0006,779,0005,021,0004,535,0002,152,945
Interest Payable945,000694,000640,000830,000433,000381,000464,000873,000757,0001,057,0001,111,000799,000278,0001,0002,059
Interest Receivable411,000399,000376,000327,000508,0001,8682,0001,0003,00026,0002,0004,0002,00056
Pre-Tax Profit352,000-18,444,000-268,000-4,957,00013,561,0009,860,0006,784,0007,983,0004,388,0005,033,0009,015,0005,984,0004,930,0004,534,0002,150,942
Tax2,000-17,000-530,0002,249,000-2,005,000-2,148,000-1,388,000-1,621,000-1,066,000-1,101,000-2,020,000-1,438,000-1,344,000-1,240,000-634,410
Profit After Tax354,000-18,461,000-798,000-2,708,00011,556,0007,712,0005,396,0006,362,0003,322,0003,932,0006,995,0004,546,0003,586,0003,294,0001,516,532
Dividends Paid635,000729,377
Retained Profit354,000-18,461,000-798,000-2,708,00011,556,0007,712,0005,396,0006,362,0003,322,0003,932,0006,995,0004,546,0003,586,0002,659,000787,155
Employee Costs6,482,0004,849,0004,750,0005,541,0007,146,0007,132,0004,579,0005,414,0004,880,0004,799,0005,259,0004,548,0004,022,0004,584,0005,473,181
Number Of Employees11710711615520319918715915515315513910395122
EBITDA*1,059,000-17,958,000273,000-4,179,00014,293,00010,469,0007,525,0009,167,0005,471,0006,297,00010,374,0007,008,0005,204,0004,750,0002,432,720

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets164,000240,000347,000313,000398,0001,082,000857,000850,000822,000954,000884,0001,034,000307,000366,000469,583
Intangible Assets20,00086,000152,000266,000376,000490,000604,000690,000534,000643,000
Investments & Other500,000500,000500,000500,0001,049,0001,049,0001,049,00010,468,00010,528,858
Debtors (Due After 1 year)104,000102,000119,000650,00083,00032,00032,00021,00023,00020,912,00017,026,00011,483,000285,00017,982,646
Total Fixed Assets288,000428,000618,0001,229,000857,0001,572,0001,993,0002,072,0001,877,0002,120,00022,845,00019,109,00012,839,00011,119,00028,981,087
Stock & work in progress47,049,00043,752,00040,709,00052,184,00045,150,00036,673,00038,905,00036,664,00031,282,00031,685,00032,779,00031,202,00010,651,0007,962,0008,192,341
Trade Debtors16,676,00017,229,00012,421,00012,533,00019,655,00020,924,00019,605,00018,304,00017,117,00018,376,00017,370,00018,205,0007,213,0006,438,0004,729,925
Group Debtors44,259,00036,850,00051,467,00021,580,00039,553,00028,424,00028,089,00022,624,00029,633,00011,493,0009,953,0001,885,0002,955,0001,890,709
Misc Debtors5,904,000311,000264,000364,000464,000370,000326,000964,000470,000890,000851,000468,000169,000136,516
Cash4,586,0001,770,0001,431,0003,879,000239,000373,000125,000109,00091,00070,000325,000272,0001,369,0006,889,0002,908,325
misc current assets
total current assets118,474,00099,912,000106,292,00090,540,000105,061,000105,855,00087,429,00083,492,00072,078,00080,234,00062,857,00060,483,00021,586,00024,413,00017,857,816
total assets118,762,000100,340,000106,910,00091,769,000105,918,000107,427,00089,422,00085,564,00073,955,00082,354,00085,702,00079,592,00034,425,00035,532,00046,838,903
Bank overdraft8,577,0008,753,00090,000
Bank loan
Trade Creditors 10,865,0006,870,0007,567,0007,704,00014,761,00015,383,00013,970,00015,914,00013,743,00014,866,00014,839,00018,884,0006,342,0006,475,0004,111,065
Group/Directors Accounts54,157,00040,625,00029,319,00013,483,00023,288,00012,658,00011,482,00011,101,00021,264,0008,544,0005,442,0002,842,0002,620,0001,961,453
other short term finances34,340,000
hp & lease commitments
other current liabilities2,489,0001,716,0001,461,0001,045,0003,600,0004,535,0002,829,0001,086,0001,638,0003,264,0002,269,0001,227,0001,636,000972,781
total current liabilities67,511,00049,211,00046,924,00030,985,00041,649,00053,105,00031,163,00030,225,00025,930,00037,768,00026,647,00026,595,00010,411,00010,821,0007,045,299
loans9,372,0009,604,000777,00014,035,00016,435,00015,559,00015,442,00033,773,00034,112,0009,673,00014,626,00032,367,750
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions76,00070,000668,000670,000
total long term liabilities9,372,0009,604,000777,0002,386,00014,035,00016,511,00015,559,00015,442,00033,843,00034,780,00010,343,00014,626,00032,367,750
total liabilities76,883,00058,815,00046,924,00030,985,00042,426,00055,491,00045,198,00046,736,00041,489,00053,210,00060,490,00061,375,00020,754,00025,447,00039,413,049
net assets41,879,00041,525,00059,986,00060,784,00063,492,00051,936,00044,224,00038,828,00032,466,00029,144,00025,212,00018,217,00013,671,00010,085,0007,425,854
total shareholders funds41,879,00041,525,00059,986,00060,784,00063,492,00051,936,00044,224,00038,828,00032,466,00029,144,00025,212,00018,217,00013,671,00010,085,0007,425,854
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit886,000-18,149,000-4,000-4,454,00013,986,00010,234,0007,246,0008,855,0005,142,0006,064,00010,124,0006,779,0005,021,0004,535,0002,152,945
Depreciation107,000125,000163,000165,000193,000235,000193,000226,000220,000233,000250,000229,000183,000215,000279,775
Amortisation66,00066,000114,000110,000114,00086,00086,000109,000
Tax2,000-17,000-530,0002,249,000-2,005,000-2,148,000-1,388,000-1,621,000-1,066,000-1,101,000-2,020,000-1,438,000-1,344,000-1,240,000-634,410
Stock3,297,0003,043,000-11,475,0007,034,0008,477,000-2,232,0007,623,0005,382,000-403,000-1,094,0001,577,00020,551,0002,689,000-230,3418,192,341
Debtors12,451,000-9,779,00029,144,000-24,628,00038,831,000-27,507,0007,705,0006,025,000-7,776,000-2,163,0004,630,00024,986,00011,202,000-14,892,79624,739,796
Creditors3,995,000-697,000-137,000-7,057,000-622,0001,413,000227,0002,171,000-1,123,00027,000-4,045,00012,542,000-133,0002,363,9354,111,065
Accruals and Deferred Income773,000255,000416,000-2,555,0003,600,000-4,535,0003,449,0001,743,000-552,000-1,626,000995,0001,042,000-409,000663,219972,781
Deferred Taxes & Provisions76,000-70,000-598,000-2,000670,000
Cash flow from operations-9,919,000-11,681,000-17,647,0006,052,000-32,042,00034,938,000-5,515,000129,00010,909,0006,784,000-1,501,000-26,385,000-9,903,00021,660,291-26,049,981
Investing Activities
capital expenditure-197,000-80,000491,000-346,000-384,000-496,000-88,000-946,000-100,000-956,000-124,000-111,417-749,358
Change in Investments-500,000-549,000-9,419,000-60,85810,528,858
cash flow from investments-197,000-80,000491,000154,000-384,000-496,000-88,000-397,000-100,000-956,0009,295,000-50,559-11,278,216
Financing Activities
Bank loans
Group/Directors Accounts13,532,00011,306,00015,836,000-9,805,00023,288,000-12,658,0001,557,000381,000-10,163,00012,720,0003,102,0002,600,000222,000658,5471,961,453
Other Short Term Loans -34,340,00034,340,000
Long term loans-232,0009,604,000-777,000777,000-14,035,000-1,524,000876,000117,000-18,331,000-339,00024,439,000-4,953,000-17,741,75032,367,750
Hire Purchase and Lease Commitments
other long term liabilities
share issue6,362,0001466,638,699
interest-534,000-295,000-264,000-503,00075,000-379,132-462,000-872,000-754,000-1,031,000-1,109,000-795,000-276,000-1,000-2,003
cash flow from financing12,766,00020,615,00015,572,000-11,085,000-10,200,0007,267,8685,933,000385,000-10,800,000-6,642,0001,654,00026,244,000-5,007,000-17,084,05740,965,899
cash and cash equivalents
cash2,816,000339,000-2,448,0003,640,000-134,000248,00034,00018,00021,000-255,00053,000-1,097,000-5,520,0003,980,6752,908,325
overdraft-8,577,000-176,0008,753,000-90,00090,000
change in cash2,816,0008,916,000-2,272,000-5,113,000-134,000248,00034,00018,00021,000-255,00053,000-1,097,000-5,430,0003,890,6752,908,325

pattonair limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Pattonair Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for pattonair limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in DE24 area or any other competitors across 12 key performance metrics.

pattonair limited Ownership

PATTONAIR LIMITED group structure

Pattonair Limited has 1 subsidiary company.

Ultimate parent company

WOLVERINE TOP HOLDING CORP

#0059978

2 parents

PATTONAIR LIMITED

00974964

1 subsidiary

PATTONAIR LIMITED Shareholders

pattonair europe limited 100%

pattonair limited directors

Pattonair Limited currently has 3 directors. The longest serving directors include Mr Wayne Hollinshead (Feb 2010) and Mrs Dawn Landry (Nov 2020).

officercountryagestartendrole
Mr Wayne HollinsheadEngland58 years Feb 2010- Director
Mrs Dawn LandryUnited Kingdom62 years Nov 2020- Director
Mr Mark WhatlingUnited Kingdom51 years Nov 2020- Director

P&L

December 2023

turnover

89m

+16%

operating profit

886k

-105%

gross margin

23%

+14.95%

turnover

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

Balance Sheet

December 2023

net assets

41.9m

+0.01%

total assets

118.8m

+0.18%

cash

4.6m

+1.59%

net assets

Total assets minus all liabilities

pattonair limited company details

company number

00974964

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

March 1970

age

55

incorporated

UK

ultimate parent company

WOLVERINE TOP HOLDING CORP

accounts

Full Accounts

last accounts submitted

December 2023

previous names

pattonair international limited (July 2002)

orchard house limited (July 1987)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

ascot business park, 50 longbridge lane, derby, DE24 8UJ

Bank

-

Legal Advisor

-

pattonair 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 found 18 charges/mortgages relating to pattonair limited. Currently there are 8 open charges and 10 have been satisfied in the past.

pattonair limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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pattonair limited Companies House Filings - See Documents

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