Acrol Air Conditioning Co. Limited

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acrol air conditioning co. limited Company Information

Live

MatureMidHealthy

Company Number

01287959

Next Accounts

28 days late

Industry

Other business support service activities n.e.c.

Directors

Michael Kears

Thomas Wood

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Shareholders

thomas wood

michael john kears

Group Structure

View All

Contact

Registered Address

unit 12 saltmeadows road, east gateshead industrial estate, gateshead, tyne and wear, NE8 3AH

Website

http://acrol.co.uk

acrol air conditioning co. limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of ACROL AIR CONDITIONING CO. LIMITED at £3.7m based on a Turnover of £6m and 0.62x industry multiple (adjusted for size and gross margin).

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Acrol Air Conditioning Co. Limited is a live company located in gateshead, NE8 3AH with a Companies House number of 01287959. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 1976, it's largest shareholder is thomas wood with a 50% stake. Acrol Air Conditioning Co. Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6m with healthy growth in recent years.

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

Health Rating3.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £6m, make it larger than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.1%)

EXPORT

Acrol Air Conditioning Co. Limited's latest turnover from March 2023 is estimated at £6 million and the company has net assets of £630.2 thousand. According to their latest financial statements, Acrol Air Conditioning Co. Limited has 48 employees and maintains cash reserves of £443.8 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	5,961,817	5,537,737	6,255,717	5,038,615	9,056,511	6,371,052	5,838,663	5,382,186	10,779,942	8,959,182	9,514,689	4,048,054	6,993,523	6,248,964
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,668,768	3,435,501	3,923,410	3,128,444	5,646,494	3,954,963	3,567,522	3,356,212	6,823,348	5,705,909	6,027,573	2,496,958	4,200,917	3,726,851
Gross Profit	2,293,049	2,102,235	2,332,307	1,910,170	3,410,017	2,416,089	2,271,141	2,025,973	3,956,594	3,253,273	3,487,116	1,551,096	2,792,607	2,522,113
Admin Expenses	2,221,144	2,070,434	2,296,553	1,724,565	3,392,449	2,402,879	2,254,788	2,034,337	3,926,048	3,239,078	3,486,988	1,542,558	2,780,846	2,133,824
Operating Profit	71,905	31,801	35,754	185,605	17,568	13,210	16,353	-8,364	30,546	14,195	128	8,538	11,761	388,289
Interest Payable	3,766	3,094	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	14,144	1,630	118	67	804	259	0	21	21	0	416	416	0	0
Pre-Tax Profit	82,284	30,337	34,347	185,673	18,373	13,469	16,353	-8,343	30,567	14,195	543	8,954	11,761	388,289
Tax	-15,634	-5,764	-6,526	-35,278	-3,491	-2,559	-3,270	0	-6,419	-3,265	-130	-2,328	-3,293	-108,721
Profit After Tax	66,650	24,573	27,821	150,395	14,882	10,910	13,082	-8,343	24,148	10,930	413	6,626	8,468	279,568
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	66,650	24,573	27,821	150,395	14,882	10,910	13,082	-8,343	24,148	10,930	413	6,626	8,468	279,568
Employee Costs	2,148,728	1,903,762	1,731,975	1,832,298	1,312,457	1,164,881	1,243,707	1,354,685	2,987,084	2,504,440	2,643,139	1,145,150	2,022,312	1,765,450
Number Of Employees	48	45	43	46	34	32	35	38	84	71	76	33	59	50
EBITDA*	118,550	72,927	75,294	227,673	55,429	78,731	50,875	47,583	96,076	53,086	39,637	58,154	69,855	457,854

* 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	287,564	186,220	173,512	202,450	189,258	187,144	151,889	187,055	219,798	141,620	141,915	178,802	201,453	238,760
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	287,564	186,220	173,512	202,450	189,258	187,144	151,889	187,055	219,798	141,620	141,915	178,802	201,453	238,760
Stock & work in progress	194,794	229,131	338,407	326,154	463,226	400,966	174,145	669,041	293,418	158,417	392,449	590,663	526,212	1,071,119
Trade Debtors	836,438	866,968	927,395	630,475	1,388,281	901,662	927,284	534,846	1,437,281	1,243,698	1,196,392	318,385	870,285	542,995
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	274,090	335,664	299,700	440,592	0	0	0	0	0	0	0	0	0	0
Cash	443,787	221,833	212,780	23,857	110,909	103,592	0	0	8,288	0	0	166,240	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,749,109	1,653,596	1,778,282	1,421,078	1,962,416	1,406,220	1,101,429	1,203,887	1,738,987	1,402,115	1,588,841	1,075,288	1,396,497	1,614,114
total assets	2,036,673	1,839,816	1,951,794	1,623,528	2,151,674	1,593,364	1,253,318	1,390,942	1,958,785	1,543,735	1,730,756	1,254,090	1,597,950	1,852,874
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	616,488	559,364	774,200	567,551	1,751,298	1,193,831	889,593	1,013,574	1,543,587	1,209,095	1,424,147	952,596	1,268,128	1,518,733
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	531,363	274,142	377,125	501,242	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,157,851	843,506	1,151,325	1,068,793	1,751,298	1,193,831	889,593	1,013,574	1,543,587	1,209,095	1,424,147	952,596	1,268,128	1,518,733
loans	21,814	31,667	50,000	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	226,785	401,070	211,469	43,556	39,592	53,631	28,733	55,458	84,945	28,535	11,434	6,732	41,686	54,473
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	248,599	432,737	261,469	43,556	39,592	53,631	28,733	55,458	84,945	28,535	11,434	6,732	41,686	54,473
total liabilities	1,406,450	1,276,243	1,412,794	1,112,349	1,790,890	1,247,462	918,326	1,069,032	1,628,532	1,237,630	1,435,581	959,328	1,309,814	1,573,206
net assets	630,223	563,573	539,000	511,179	360,784	345,902	334,992	321,910	330,253	306,105	295,175	294,762	288,136	279,668
total shareholders funds	630,223	563,573	539,000	511,179	360,784	345,902	334,992	321,910	330,253	306,105	295,175	294,762	288,136	279,668

	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	71,905	31,801	35,754	185,605	17,568	13,210	16,353	-8,364	30,546	14,195	128	8,538	11,761	388,289
Depreciation	46,645	41,126	39,540	42,068	37,861	65,521	34,522	55,947	65,530	38,891	39,509	49,616	58,094	69,565
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-15,634	-5,764	-6,526	-35,278	-3,491	-2,559	-3,270	0	-6,419	-3,265	-130	-2,328	-3,293	-108,721
Stock	-34,337	-109,276	12,253	-137,072	62,260	226,821	-494,896	375,623	135,001	-234,032	-198,214	64,451	-544,907	1,071,119
Debtors	-92,104	-24,463	156,028	-317,214	486,619	-25,622	392,438	-902,435	193,583	47,306	878,007	-551,900	327,290	542,995
Creditors	57,124	-214,836	206,649	-1,183,747	557,467	304,238	-123,981	-530,013	334,492	-215,052	471,551	-315,532	-250,605	1,518,733
Accruals and Deferred Income	257,221	-102,983	-124,117	501,242	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	543,702	-116,917	-16,981	-35,824	60,526	179,211	26,082	44,382	95,565	21,495	-168,735	227,743	33,574	253,752
Investing Activities
capital expenditure	-147,989	-53,834	-10,602	-55,260	-39,975	-100,776	644	-23,204	-143,708	-38,596	-2,622	-26,965	-20,787	-308,325
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-147,989	-53,834	-10,602	-55,260	-39,975	-100,776	644	-23,204	-143,708	-38,596	-2,622	-26,965	-20,787	-308,325
Financing Activities
Bank loans	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	-9,853	-18,333	50,000	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	-174,285	189,601	167,913	3,964	-14,039	24,898	-26,725	-29,487	56,410	17,101	4,702	-34,954	-12,787	54,473
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	10,378	-1,464	-1,407	67	804	259	0	21	21	0	416	416	0	0
cash flow from financing	-173,760	179,804	216,506	4,031	-13,235	25,157	-26,725	-29,466	56,431	17,101	5,118	-34,538	-12,787	54,573
cash and cash equivalents
cash	221,954	9,053	188,923	-87,052	7,317	103,592	0	-8,288	8,288	0	-166,240	166,240	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	221,954	9,053	188,923	-87,052	7,317	103,592	0	-8,288	8,288	0	-166,240	166,240	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACROL AIR CONDITIONING CO. LIMITED group structure

Acrol Air Conditioning Co. Limited has no subsidiary companies.

Ultimate parent company

ACROL AIR CONDITIONING CO. LIMITED

01287959

ACROL AIR CONDITIONING CO. LIMITED Shareholders

thomas wood	50%
michael john kears	50%

Acrol Air Conditioning Co. Limited currently has 3 directors. The longest serving directors include Mr Michael Kears (Dec 1990) and Mr Thomas Wood (Dec 1990).

officer	age	start	end	role
Mr Michael Kears	65 years	Dec 1990	-	Director
Mr Thomas Wood	70 years	Dec 1990	-	Director
Mr Daniel Wood	38 years	Mar 2022	-	Director

P&L

March 2023

turnover

+8%

operating profit

71.9k

gross margin

38.5%

+1.32%

turnover

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

Balance Sheet

March 2023

net assets

630.2k

+0.12%

total assets

+0.11%

cash

443.8k

+1%

net assets

Total assets minus all liabilities

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company number

01287959

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 1976

ultimate parent company

None

previous names

N/A

address

unit 12 saltmeadows road, east gateshead industrial estate, gateshead, tyne and wear, NE8 3AH

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 2 charges/mortgages relating to acrol air conditioning co. limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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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acrol air conditioning co. limited Company Information

acrol air conditioning co. limited Estimated Valuation

acrol air conditioning co. limited Estimated Valuation

acrol air conditioning co. limited Estimated Valuation

Acrol Air Conditioning Co. Limited Overview

Acrol Air Conditioning Co. Limited Health Check

ACROL AIR CONDITIONING CO. LIMITED financials

acrol air conditioning co. limited Credit Report and Business Information

Acrol Air Conditioning Co. Limited Competitor Analysis

acrol air conditioning co. limited Ownership

acrol air conditioning co. limited directors

acrol air conditioning co. limited company details

acrol air conditioning co. limited Charges & Mortgages

acrol air conditioning co. limited Capital Raised & Share Issues BETA

acrol air conditioning co. limited Companies House Filings - See Documents