exeter and devon airport limited

exeter and devon airport limited Company Information

Share EXETER AND DEVON AIRPORT LIMITED
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Company Number

02148705

Industry

Service activities incidental to air transportation

 

Directors

Andrew Bell

Katherine Cook

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Shareholders

regional & city airports (investments) limited

Group Structure

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Contact

Registered Address

airport house exeter airport, exeter, devon, EX5 2BD

exeter and devon airport limited Estimated Valuation

£36.9m

Pomanda estimates the enterprise value of EXETER AND DEVON AIRPORT LIMITED at £36.9m based on a Turnover of £20.8m and 1.77x industry multiple (adjusted for size and gross margin).

exeter and devon airport limited Estimated Valuation

£25.1m

Pomanda estimates the enterprise value of EXETER AND DEVON AIRPORT LIMITED at £25.1m based on an EBITDA of £2.6m and a 9.51x industry multiple (adjusted for size and gross margin).

exeter and devon airport limited Estimated Valuation

£42.9m

Pomanda estimates the enterprise value of EXETER AND DEVON AIRPORT LIMITED at £42.9m based on Net Assets of £15.7m and 2.73x industry multiple (adjusted for liquidity).

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Exeter And Devon Airport Limited Overview

Exeter And Devon Airport Limited is a live company located in devon, EX5 2BD with a Companies House number of 02148705. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in July 1987, it's largest shareholder is regional & city airports (investments) limited with a 100% stake. Exeter And Devon Airport Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.8m with rapid growth in recent years.

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Exeter And Devon Airport Limited Health Check

Pomanda's financial health check has awarded Exeter And Devon Airport Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £20.8m, make it in line with the average company (£17.9m)

£20.8m - Exeter And Devon Airport Limited

£17.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (14.3%)

48% - Exeter And Devon Airport Limited

14.3% - Industry AVG

production

Production

with a gross margin of 70.5%, this company has a lower cost of product (31.8%)

70.5% - Exeter And Devon Airport Limited

31.8% - Industry AVG

profitability

Profitability

an operating margin of 4.9% make it less profitable than the average company (6.6%)

4.9% - Exeter And Devon Airport Limited

6.6% - Industry AVG

employees

Employees

with 275 employees, this is above the industry average (70)

275 - Exeter And Devon Airport Limited

70 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.9k, the company has a lower pay structure (£57.4k)

£29.9k - Exeter And Devon Airport Limited

£57.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £75.6k, this is less efficient (£200.2k)

£75.6k - Exeter And Devon Airport Limited

£200.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is near the average (38 days)

40 days - Exeter And Devon Airport Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 24 days, this is close to average (25 days)

24 days - Exeter And Devon Airport Limited

25 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is less than average (30 days)

11 days - Exeter And Devon Airport Limited

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (20 weeks)

36 weeks - Exeter And Devon Airport Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56.3%, this is a similar level of debt than the average (62.1%)

56.3% - Exeter And Devon Airport Limited

62.1% - Industry AVG

EXETER AND DEVON AIRPORT LIMITED financials

EXPORTms excel logo

Exeter And Devon Airport Limited's latest turnover from March 2024 is £20.8 million and the company has net assets of £15.7 million. According to their latest financial statements, Exeter And Devon Airport Limited has 275 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Dec 2012Dec 2011Dec 2010Dec 2009
Turnover20,788,00020,801,00011,218,0006,438,00024,244,00023,921,00021,398,00019,372,00017,921,00019,031,00023,411,00019,107,00021,442,00019,229,00016,965,000
Other Income Or Grants000000000000000
Cost Of Sales6,124,0007,484,0002,048,000512,0007,328,0007,536,0005,757,0004,308,0004,278,00012,354,30016,797,00513,812,70515,786,68013,966,3640
Gross Profit14,664,00013,317,0009,170,0005,926,00016,916,00016,385,00015,641,00015,064,00013,643,0006,676,7006,613,9965,294,2955,655,3205,262,6360
Admin Expenses13,638,00014,314,00010,627,0009,256,00017,444,00012,002,00014,275,00013,833,00012,779,0005,952,7007,162,9965,615,2955,031,3204,630,636-408,000
Operating Profit1,026,000-997,000-1,457,000-3,330,000-528,0004,383,0001,366,0001,231,000864,000724,000-549,000-321,000624,000632,000408,000
Interest Payable999,000745,000584,000384,000453,000275,00038,00038,000420,000465,000653,000241,000658,000236,000460,000
Interest Receivable465,000110,0001,000099,00046,00069,00046,00018,0004,000449,0001,000347,000558,000476,000
Pre-Tax Profit492,000-1,632,000-2,040,000-3,714,000-882,0004,154,0001,322,0001,239,000802,000738,000-1,642,000-561,000313,000619,000-387,000
Tax-289,000407,000-32,000665,000110,000-819,000-392,000-492,000-433,000-362,000-154,00035,000275,000210,0007,000
Profit After Tax203,000-1,225,000-2,072,000-3,049,000-772,0003,335,000930,000747,000369,000376,000-1,796,000-526,000588,000829,000-380,000
Dividends Paid000000000000000
Retained Profit203,000-1,225,000-2,072,000-3,049,000-772,0003,335,000930,000747,000369,000376,000-1,796,000-526,000588,000829,000-380,000
Employee Costs8,226,0007,396,0005,956,0006,998,0008,418,0008,218,0007,400,0007,245,0006,842,0007,005,0008,750,0006,967,0007,107,0006,859,0007,039,000
Number Of Employees275266242291324310303307284292270264260257258
EBITDA*2,638,000655,000450,000-2,083,000650,0005,532,0002,634,0002,639,0002,214,0001,837,000887,000928,0001,903,0002,003,0001,792,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets17,195,00018,222,00019,566,00021,169,00019,384,00030,658,00021,533,00016,054,00016,965,00017,317,00013,313,00014,089,00014,870,00015,263,00016,603,000
Intangible Assets000000000000000
Investments & Other12,728,00012,439,00012,995,00012,955,00013,799,0000000000000
Debtors (Due After 1 year)3,000096,000391,000319,000525,0001,948,0001,257,0001,202,000000000
Total Fixed Assets29,926,00030,661,00032,657,00034,515,00033,502,00031,183,00023,481,00017,311,00018,167,00017,317,00013,313,00014,089,00014,870,00015,263,00016,603,000
Stock & work in progress190,000256,000175,000113,000117,000124,000136,000140,00081,000145,000163,000177,000180,000161,000127,000
Trade Debtors2,304,0002,252,0001,263,000686,0002,105,0002,969,0001,961,0002,054,0001,748,0001,633,0002,228,0001,393,0001,551,0001,796,0001,302,000
Group Debtors000073,00000013,00000193,000193,000193,000193,000
Misc Debtors1,518,0002,574,0001,519,0001,698,000689,000582,0001,020,000702,000968,000779,000953,0001,200,000369,000356,000412,000
Cash2,039,0001,885,0002,488,0004,038,0002,093,0004,207,0001,885,0004,765,0001,956,0002,790,0001,144,0001,246,0001,926,0002,629,0001,950,000
misc current assets000000180,00000000834,000615,000455,000
total current assets6,051,0006,967,0005,445,0006,535,0005,077,0007,882,0005,182,0007,661,0004,766,0005,347,0004,488,0004,209,0005,053,0005,750,0004,439,000
total assets35,977,00037,628,00038,102,00041,050,00038,579,00039,065,00028,663,00024,972,00022,933,00022,664,00017,801,00018,298,00019,923,00021,013,00021,042,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 414,000525,000321,0001,839,0001,717,000539,0001,364,0001,049,000943,000939,00090,000617,000596,000496,000237,000
Group/Directors Accounts01,0000101,000127,000000523,00070,0003,685,00010,00025,00043,00053,000
other short term finances000000000000000
hp & lease commitments43,00039,00034,00062,00091,00076,0004,0004,0004,0000003,00061,00046,000
other current liabilities2,457,0002,871,0002,137,0001,588,0004,966,0008,606,0006,521,0004,162,0002,425,0003,152,0003,174,0005,014,0004,461,0004,408,0002,754,000
total current liabilities2,914,0003,436,0002,492,0003,590,0006,901,0009,221,0007,889,0005,215,0003,895,0004,161,0006,949,0005,641,0005,085,0005,008,0003,090,000
loans14,589,00015,599,00015,294,00015,151,0006,497,0003,329,000000003,185,0005,024,0006,934,0009,795,000
hp & lease commitments71,000115,000154,000188,000215,000306,0007,00011,00015,00000004,00052,000
Accruals and Deferred Income1,388,0001,501,0001,615,0001,608,0001,433,0001,466,00096,000108,000120,000132,0000032,00040,00049,000
other liabilities000000000000000
provisions1,282,0001,132,0001,304,000842,000893,0001,157,000618,000589,000665,000235,00000000
total long term liabilities17,340,00018,347,00018,610,00019,835,00010,716,0008,725,0002,906,0002,163,0001,815,0002,814,000652,0004,411,0005,726,0007,126,00010,471,000
total liabilities20,254,00021,783,00021,102,00023,425,00017,617,00017,946,00010,795,0007,378,0005,710,0006,975,0007,601,00010,052,00010,811,00012,134,00013,561,000
net assets15,723,00015,845,00017,000,00017,625,00020,962,00021,119,00017,868,00017,594,00017,223,00015,689,00010,200,0008,246,0009,112,0008,879,0007,481,000
total shareholders funds15,723,00015,845,00017,000,00017,625,00020,962,00021,119,00017,868,00017,594,00017,223,00015,689,00010,200,0008,246,0009,112,0008,879,0007,481,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,026,000-997,000-1,457,000-3,330,000-528,0004,383,0001,366,0001,231,000864,000724,000-549,000-321,000624,000632,000408,000
Depreciation1,612,0001,652,0001,907,0001,247,0001,178,0001,149,0001,268,0001,408,0001,350,0001,113,0001,436,0001,249,0001,279,0001,371,0001,384,000
Amortisation000000000000000
Tax-289,000407,000-32,000665,000110,000-819,000-392,000-492,000-433,000-362,000-154,00035,000275,000210,0007,000
Stock-66,00081,00062,000-4,000-7,000-12,000-4,00059,000-64,000-18,000163,000-3,00019,00034,000127,000
Debtors-1,001,0001,948,000103,000-411,000-890,000-853,000916,00082,0001,519,000-769,0003,181,000673,000-232,000438,0001,907,000
Creditors-111,000204,000-1,518,000122,0001,178,000-825,000315,000106,0004,000849,00090,00021,000100,000259,000237,000
Accruals and Deferred Income-527,000620,000556,000-3,203,000-3,673,0003,455,0002,347,0001,725,000-739,000110,0003,174,000521,00045,0001,645,0002,803,000
Deferred Taxes & Provisions150,000-172,000462,000-51,000-264,000539,00029,000-76,000430,000235,00000000
Cash flow from operations2,928,000-315,000-247,000-4,135,000-1,102,0008,747,0004,021,0003,761,00021,0003,456,000653,000835,0002,536,0003,645,0002,805,000
Investing Activities
capital expenditure-585,000-308,000-304,000-3,032,00010,096,000-10,274,000-6,747,000-497,000-998,000-5,117,000-14,749,000-503,000-881,0001,150,000-985,000
Change in Investments289,000-556,00040,000-844,00013,799,0000000000000
cash flow from investments-874,000248,000-344,000-2,188,000-3,703,000-10,274,000-6,747,000-497,000-998,000-5,117,000-14,749,000-503,000-881,0001,150,000-985,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,0001,000-101,000-26,000127,00000-523,000453,000-3,615,0003,685,000-15,000-18,000-10,00053,000
Other Short Term Loans 000000000000000
Long term loans-1,010,000305,000143,0008,654,0003,168,0003,329,00000000-1,839,000-1,910,000-2,861,0009,795,000
Hire Purchase and Lease Commitments-40,000-34,000-62,000-56,000-76,000371,000-4,000-4,00019,00000-3,000-62,000-33,00098,000
other long term liabilities000000000000000
share issue-325,00070,0001,447,000-288,000615,000-84,000-656,000-376,0001,165,0005,113,00011,996,000-340,000-355,000569,0007,861,000
interest-534,000-635,000-583,000-384,000-354,000-229,00031,0008,000-402,000-461,000-204,000-240,000-311,000322,00016,000
cash flow from financing-1,910,000-293,000844,0007,900,0003,480,0003,387,000-629,000-895,0001,235,0001,037,00015,477,000-2,437,000-2,656,000-2,013,00017,823,000
cash and cash equivalents
cash154,000-603,000-1,550,0001,945,000-2,114,0002,322,000-2,880,0002,809,000-834,0001,646,0001,144,000-680,000-703,000679,0001,950,000
overdraft000000000000000
change in cash154,000-603,000-1,550,0001,945,000-2,114,0002,322,000-2,880,0002,809,000-834,0001,646,0001,144,000-680,000-703,000679,0001,950,000

exeter and devon airport 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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Exeter And Devon Airport Limited Competitor Analysis

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Perform a competitor analysis for exeter and devon airport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in EX5 area or any other competitors across 12 key performance metrics.

exeter and devon airport limited Ownership

EXETER AND DEVON AIRPORT LIMITED group structure

Exeter And Devon Airport Limited has no subsidiary companies.

Ultimate parent company

2 parents

EXETER AND DEVON AIRPORT LIMITED

02148705

EXETER AND DEVON AIRPORT LIMITED Shareholders

regional & city airports (investments) limited 100%

exeter and devon airport limited directors

Exeter And Devon Airport Limited currently has 3 directors. The longest serving directors include Mr Andrew Bell (Apr 2015) and Mrs Katherine Cook (Jul 2020).

officercountryagestartendrole
Mr Andrew BellEngland45 years Apr 2015- Director
Mrs Katherine CookEngland45 years Jul 2020- Director
Mr Stephen WiltshireEngland50 years Nov 2021- Director

P&L

March 2024

turnover

20.8m

0%

operating profit

1m

-203%

gross margin

70.6%

+10.18%

turnover

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

Balance Sheet

March 2024

net assets

15.7m

-0.01%

total assets

36m

-0.04%

cash

2m

+0.08%

net assets

Total assets minus all liabilities

exeter and devon airport limited company details

company number

02148705

Type

Private limited with Share Capital

industry

52230 - Service activities incidental to air transportation

incorporation date

July 1987

age

37

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

linkploy limited (September 1987)

accountant

-

auditor

DELOITTE LLP

address

airport house exeter airport, exeter, devon, EX5 2BD

Bank

BANK OF SCOTLAND PLC

Legal Advisor

-

exeter and devon airport 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 4 charges/mortgages relating to exeter and devon airport limited. Currently there are 2 open charges and 2 have been satisfied in the past.

exeter and devon airport 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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exeter and devon airport limited Companies House Filings - See Documents

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