Eastern Air Executive Limited

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eastern air executive limited Company Information

Live

MatureSmallDeclining

Company Number

01494060

Website

www.easternairexecutive.co.uk

Registered Address

- sturgate aerodrome, gainsborough, lincs, DN21 5PA

Industry

Scheduled passenger air transport

Telephone

01427838280

Next Accounts Due

September 2025

Group Structure

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Directors

Paul Gray9 Years

Phillip Holmes2 Years

Shareholders

mps aviation limited 100%

eastern air executive limited Estimated Valuation

£503.1k

Pomanda estimates the enterprise value of EASTERN AIR EXECUTIVE LIMITED at £503.1k based on a Turnover of £1.4m and 0.36x industry multiple (adjusted for size and gross margin).

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Eastern Air Executive Limited is a live company located in lincs, DN21 5PA with a Companies House number of 01494060. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in April 1980, it's largest shareholder is mps aviation limited with a 100% stake. Eastern Air Executive Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Eastern Air Executive Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£46.5m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.3%)

EXPORT

Eastern Air Executive Limited's latest turnover from December 2023 is estimated at £1.4 million and the company has net assets of -£11.7 thousand. According to their latest financial statements, Eastern Air Executive Limited has 6 employees and maintains cash reserves of £92 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	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,380,323	1,916,901	1,765,583	3,017,894	3,728,707	2,774,528	2,715,767	2,334,186	2,530,359	2,135,037	3,076,931	3,173,868	3,760,518	2,833,270	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,085,064	1,804,407	1,664,127	2,685,148	3,360,771	2,358,284	2,290,189	1,981,459	2,011,148	1,679,436	2,489,789	2,468,918	2,996,875	2,380,868	0
Gross Profit	295,259	112,494	101,455	332,746	367,935	416,245	425,577	352,727	519,211	455,602	587,142	704,951	763,642	452,402	0
Admin Expenses	282,322	112,137	107,967	365,718	486,602	455,259	445,605	360,280	455,072	474,069	577,119	698,371	777,194	463,081	-131,701
Operating Profit	12,937	357	-6,512	-32,972	-118,667	-39,014	-20,028	-7,553	64,139	-18,467	10,023	6,580	-13,552	-10,679	131,701
Interest Payable	11,720	8,584	5,448	5,312	4,890	4,983	3,793	1,350	0	0	0	0	0	0	0
Interest Receivable	6	4	1	0	1	1	2	4	8	2	0	0	0	0	0
Pre-Tax Profit	1,223	-8,224	-11,959	-38,284	-123,556	-43,996	-23,819	-8,899	64,148	-18,465	10,023	6,580	-13,552	-10,679	131,701
Tax	-306	0	0	0	0	0	0	0	-12,829	0	-2,305	-1,579	0	0	-36,876
Profit After Tax	917	-8,224	-11,959	-38,284	-123,556	-43,996	-23,819	-8,899	51,318	-18,465	7,718	5,001	-13,552	-10,679	94,825
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	917	-8,224	-11,959	-38,284	-123,556	-43,996	-23,819	-8,899	51,318	-18,465	7,718	5,001	-13,552	-10,679	94,825
Employee Costs	348,678	409,760	376,854	485,243	436,944	433,950	467,077	447,582	424,148	453,351	708,339	763,340	908,486	684,437	0
Number Of Employees	6	8	8	10	9	9	10	10	10	11	17	18	22	17	0
EBITDA*	32,267	37,824	31,682	14,435	-78,709	-15,549	-20,028	-941	68,920	-15,004	11,944	9,552	-9,477	-6,954	135,601

* 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	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	157,141	176,471	204,338	310,447	352,154	292,943	303,042	330,488	124,173	110,481	113,944	115,276	93,155	81,570	52,493
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	2,066	0	0	0	0	0	0	0
Total Fixed Assets	157,141	176,471	204,338	310,447	352,154	292,943	303,042	332,554	124,173	110,481	113,944	115,276	93,155	81,570	52,493
Stock & work in progress	216,194	221,477	212,042	215,492	212,403	155,747	135,813	81,900	76,630	49,449	87,223	100,451	95,978	96,440	118,064
Trade Debtors	2,129	21,970	17,765	10,175	9,562	36,561	32,860	61,818	118,147	142,019	209,403	181,716	199,307	192,210	257,861
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,066	44,931	95,617	93,020	47,217	49,989	49,985	59,231	0	0	0	0	0	0	0
Cash	92	161	41	461	170	0	279	478	2,344	902	0	0	0	0	0
misc current assets	0	0	0	0	0	1,490	0	0	0	0	0	0	0	0	0
total current assets	259,481	288,539	325,465	319,148	269,352	243,787	218,937	203,427	197,121	192,370	296,626	282,167	295,285	288,650	375,925
total assets	416,622	465,010	529,803	629,595	621,506	536,730	521,979	535,981	321,294	302,851	410,570	397,443	388,440	370,220	428,418
Bank overdraft	88,489	85,746	31,981	58,429	70,745	74,136	73,518	43,192	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	15,946	46,262	65,036	56,606	209,972	85,034	82,562	62,539	139,128	170,076	252,309	314,539	311,543	266,169	302,059
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	91,915	89,387	123,206	107,432	51,527	16,379	18,391	21,733	0	0	0	0	0	0	0
total current liabilities	196,350	221,395	220,223	222,467	332,244	175,549	174,471	127,464	139,128	170,076	252,309	314,539	311,543	266,169	302,059
loans	14,779	24,084	38,914	45,000	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	217,183	232,138	275,049	354,552	243,402	191,765	134,096	150,353	65,000	65,000	65,000	0	0	10,000	24,000
provisions	0	0	0	0	0	0	0	0	0	1,927	8,948	6,309	5,303	8,905	6,534
total long term liabilities	231,962	256,222	313,963	399,552	243,402	191,765	134,096	150,353	65,000	66,927	73,948	6,309	5,303	18,905	30,534
total liabilities	428,312	477,617	534,186	622,019	575,646	367,314	308,567	277,817	204,128	237,003	326,257	320,848	316,846	285,074	332,593
net assets	-11,690	-12,607	-4,383	7,576	45,860	169,416	213,412	258,164	117,166	65,848	84,313	76,595	71,594	85,146	95,825
total shareholders funds	-11,690	-12,607	-4,383	7,576	45,860	169,416	213,412	258,164	117,166	65,848	84,313	76,595	71,594	85,146	95,825

	Dec 2023	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	12,937	357	-6,512	-32,972	-118,667	-39,014	-20,028	-7,553	64,139	-18,467	10,023	6,580	-13,552	-10,679	131,701
Depreciation	19,330	37,467	38,194	47,407	39,958	23,465	0	6,612	4,781	3,463	1,921	2,972	4,075	3,725	3,900
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-306	0	0	0	0	0	0	0	-12,829	0	-2,305	-1,579	0	0	-36,876
Stock	-5,283	9,435	-3,450	3,089	56,656	19,934	53,913	5,270	27,181	-37,774	-13,228	4,473	-462	-21,624	118,064
Debtors	-23,706	-46,481	10,187	46,416	-29,771	3,705	-40,270	4,968	-23,872	-67,384	27,687	-17,591	7,097	-65,651	257,861
Creditors	-30,316	-18,774	8,430	-153,366	124,938	2,472	20,023	-76,589	-30,948	-82,233	-62,230	2,996	45,374	-35,890	302,059
Accruals and Deferred Income	2,528	-33,819	15,774	55,905	35,148	-2,012	-3,342	21,733	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	-1,927	-7,021	2,639	1,006	-3,602	2,371	6,534
Cash flow from operations	33,162	22,277	49,149	-132,531	54,492	-38,728	-16,990	-66,035	19,907	900	-64,411	25,093	25,660	46,802	31,393
Investing Activities
capital expenditure	0	-9,600	67,915	-5,700	-99,169	-13,366	27,446	-212,927	-18,473	0	-589	-25,093	-15,660	-32,802	-56,393
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-9,600	67,915	-5,700	-99,169	-13,366	27,446	-212,927	-18,473	0	-589	-25,093	-15,660	-32,802	-56,393
Financing Activities
Bank loans	0	0	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,305	-14,830	-6,086	45,000	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	0
other long term liabilities	-14,955	-42,911	-79,503	111,150	51,637	57,669	-16,257	85,353	0	0	65,000	0	-10,000	-14,000	24,000
share issue	0	0	0	0	0	0	-20,933	149,897	0	0	0	0	0	0	1,000
interest	-11,714	-8,580	-5,447	-5,312	-4,889	-4,982	-3,791	-1,346	8	2	0	0	0	0	0
cash flow from financing	-35,974	-66,321	-91,036	150,838	46,748	52,687	-40,981	233,904	8	2	65,000	0	-10,000	-14,000	25,000
cash and cash equivalents
cash	-69	120	-420	291	170	-279	-199	-1,866	1,442	902	0	0	0	0	0
overdraft	2,743	53,765	-26,448	-12,316	-3,391	618	30,326	43,192	0	0	0	0	0	0	0
change in cash	-2,812	-53,645	26,028	12,607	3,561	-897	-30,525	-45,058	1,442	902	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EASTERN AIR EXECUTIVE LIMITED group structure

Eastern Air Executive Limited has no subsidiary companies.

Ultimate parent company

MPS AVIATION LIMITED

06525474

1 parent

EASTERN AIR EXECUTIVE LIMITED

01494060

EASTERN AIR EXECUTIVE LIMITED Shareholders

mps aviation limited

100%

Eastern Air Executive Limited currently has 2 directors. The longest serving directors include Mr Paul Gray (Feb 2015) and Mr Phillip Holmes (Nov 2021).

officer	country	age	start	end	role
Mr Paul Gray	United Kingdom	70 years	Feb 2015	-	Director
Mr Phillip Holmes	England	55 years	Nov 2021	-	Director

P&L

December 2023

turnover

1.4m

-28%

operating profit

12.9k

gross margin

21.4%

+264.5%

turnover

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

Balance Sheet

December 2023

net assets

-11.7k

-0.07%

total assets

416.6k

-0.1%

cash

-0.43%

net assets

Total assets minus all liabilities

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company number

01494060

Type

Private limited with Share Capital

industry

51101 - Scheduled passenger air transport

incorporation date

April 1980

ultimate parent company

MPS AVIATION LIMITED

previous names

tighe technical services limited (December 1980)

address

- sturgate aerodrome, gainsborough, lincs, DN21 5PA

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 4 charges/mortgages relating to eastern air executive limited. Currently there are 4 open charges and 0 have been satisfied in the past.

eastern air executive limited Company Information

eastern air executive limited Estimated Valuation

eastern air executive limited Estimated Valuation

eastern air executive limited Estimated Valuation

Eastern Air Executive Limited Overview

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EASTERN AIR EXECUTIVE LIMITED financials

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