Vectair Systems Limited

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vectair systems limited Company Information

Company Number

02245377

Next Accounts

Jul 2025

Directors

Paul Wonnacott

Colin Davies

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Shareholders

vectair acquisition holdings llc

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

unit 3 trident centre, armstrong road, basingstoke, hampshire, RG24 8NU

Website

www.vectairsystems.com

vectair systems limited Estimated Valuation

£16.7m

Pomanda estimates the enterprise value of VECTAIR SYSTEMS LIMITED at £16.7m based on Net Assets of £7.6m and 2.19x industry multiple (adjusted for liquidity).

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Vectair Systems Limited is a live company located in basingstoke, RG24 8NU with a Companies House number of 02245377. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 1988, it's largest shareholder is vectair acquisition holdings llc with a 100% stake. Vectair Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Vectair Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £13.7m, make it in line with the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.2%)

EXPORT

Vectair Systems Limited's latest turnover from October 2023 is £13.7 million and the company has net assets of £7.6 million. According to their latest financial statements, Vectair Systems Limited has 40 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	13,729,772	12,500,771	8,810,035	11,437,684	12,521,261	11,902,441	11,464,885	10,777,049	9,604,238	9,469,970	9,591,252	8,694,761	8,325,843	8,124,279	8,059,081
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,701,238	7,779,739	5,874,494	7,345,828	8,188,552	7,866,278	7,335,799	6,550,890	5,701,262	5,588,840	5,798,291	5,318,501	5,170,267	4,882,779	4,824,991
Gross Profit	5,028,534	4,721,032	2,935,541	4,091,856	4,332,709	4,036,163	4,129,086	4,226,159	3,902,976	3,881,130	3,792,961	3,376,260	3,155,576	3,241,500	3,234,090
Admin Expenses	3,170,860	4,339,199	2,146,711	3,018,097	2,822,204	2,950,252	2,734,830	2,735,957	2,612,652	2,807,593	2,711,780	2,597,104	2,370,624	2,396,541	2,381,857
Operating Profit	1,857,674	381,833	788,830	1,073,759	1,510,505	1,085,911	1,394,256	1,490,202	1,290,324	1,073,537	1,081,181	779,156	784,952	844,959	852,233
Interest Payable	104,748	76,629	33,226	47,893	71,822	77,289	77,867	73,406	49,554	69,676	80,505	80,199	124,233	224,065	251,500
Interest Receivable	66	0	0	8,495	80,423	106,275	63,227	23,938	73,445	0	29	31	47	45	487
Pre-Tax Profit	1,752,992	305,204	755,604	1,034,361	1,519,106	850,779	1,379,616	1,440,734	1,314,215	1,003,861	1,000,705	698,988	660,766	620,939	601,220
Tax	-301,067	-440,530	-20,823	-227,545	-418,521	-370,396	-332,695	-227,354	-148,323	-130,355	-127,557	-108,576	-106,888	-87,481	-105,613
Profit After Tax	1,451,925	-135,326	734,781	806,816	1,100,585	480,383	1,046,921	1,213,380	1,165,892	873,506	873,148	590,412	553,878	533,458	495,607
Dividends Paid	1,500,000	0	0	642,736	421,462	425,000	1,202,461	496,000	184,885	240,295	134,426	0	0	0	52,632
Retained Profit	-48,075	-135,326	734,781	164,080	679,123	55,383	-155,540	717,380	981,007	633,211	738,722	590,412	553,878	533,458	442,975
Employee Costs	2,362,698	2,267,405	2,152,211	2,674,444	2,515,511	2,357,642	2,198,370	1,940,559	1,814,704	1,676,011	1,617,167	1,458,217	1,376,234	1,350,988	1,318,818
Number Of Employees	40	38	42	45	46	43	44	40	37	36	36	33	36	35	32
EBITDA*	2,249,993	536,443	935,563	1,193,443	1,580,412	1,204,205	1,514,657	1,585,929	1,397,904	1,181,618	1,212,576	888,335	899,687	963,033	983,392

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	653,472	625,296	628,018	682,267	442,734	286,688	445,661	481,587	454,375	352,667	376,690	441,660	431,769	408,932	463,640
Intangible Assets	181,521	363,033	363,033	363,033	363,033	170,025	0	0	0	0	0	0	0	187	510
Investments & Other	0	0	2,424,790	2,424,790	2,424,790	2,424,790	2,424,790	2,424,790	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	3,739,270	3,217,231	2,937,575	2,677,717	2,543,417	1,243,774	700,526
Total Fixed Assets	834,993	988,329	3,415,841	3,470,090	3,230,557	2,881,503	2,870,451	2,906,377	4,193,645	3,569,898	3,314,265	3,119,377	2,975,186	1,652,893	1,164,676
Stock & work in progress	2,734,556	2,753,573	1,804,386	1,635,284	2,060,669	2,456,582	2,221,484	2,713,975	1,769,387	1,596,651	1,337,029	1,149,065	964,454	1,284,302	1,156,080
Trade Debtors	3,409,010	3,257,030	2,289,383	2,606,391	3,170,605	2,896,750	3,042,009	2,584,541	2,541,501	1,866,275	2,717,530	1,976,527	1,652,428	1,644,885	1,680,185
Group Debtors	1,787,324	4,958,276	2,215,194	187,452	1,437,955	1,825,992	2,466,131	0	0	0	0	0	0	0	0
Misc Debtors	514,714	399,943	899,432	1,627,136	328,980	259,533	285,163	2,659,657	262,193	186,485	180,037	105,374	142,212	142,447	272,046
Cash	1,809,102	920,788	333,642	357,056	368,274	1,223,824	348,123	427,507	167,509	127,283	42,919	218,856	44,114	143,931	30,523
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	10,254,706	12,289,610	7,542,037	6,413,319	7,366,483	8,662,681	8,362,910	8,385,680	4,740,590	3,776,694	4,277,515	3,449,822	2,803,208	3,215,565	3,138,834
total assets	11,089,699	13,277,939	10,957,878	9,883,409	10,597,040	11,544,184	11,233,361	11,292,057	8,934,235	7,346,592	7,591,780	6,569,199	5,778,394	4,868,458	4,303,510
Bank overdraft	0	0	637,102	370,343	0	0	0	0	442,524	212,339	435,122	0	0	0	0
Bank loan	0	373,868	0	0	521,916	1,617,101	1,572,393	1,425,264	0	0	0	416,743	427,536	52,401	0
Trade Creditors	2,468,151	2,440,678	1,097,665	1,105,200	1,552,077	2,438,189	1,660,294	1,928,393	1,285,629	1,208,084	1,298,168	1,199,246	879,692	1,079,538	930,715
Group/Directors Accounts	0	0	0	6,446	11,633	7,100	0	0	0	0	0	0	0	59,876	301,569
other short term finances	0	1,536,965	0	0	0	0	0	0	0	0	0	0	0	0	848,955
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	719,017	999,822	1,099,568	1,012,658	1,459,125	1,126,628	1,699,262	1,478,867	1,528,544	1,297,290	1,862,822	1,550,945	1,242,637	1,563,987	643,073
total current liabilities	3,187,168	5,351,333	2,834,335	2,494,647	3,544,751	5,189,018	4,931,949	4,832,524	3,256,697	2,717,713	3,596,112	3,166,934	2,549,865	2,755,802	2,724,312
loans	0	0	0	0	0	0	0	25,086	0	0	0	145,319	561,995	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	0	0	0	0	0	0
provisions	280,839	256,839	318,450	318,450	146,057	128,057	129,686	107,181	67,652	0	0	0	0	0	0
total long term liabilities	280,839	256,839	318,450	318,450	146,057	128,057	129,686	132,267	67,652	0	0	145,319	561,995	0	0
total liabilities	3,468,007	5,608,172	3,152,785	2,813,097	3,690,808	5,317,075	5,061,635	4,964,791	3,324,349	2,717,713	3,596,112	3,312,253	3,111,860	2,755,802	2,724,312
net assets	7,621,692	7,669,767	7,805,093	7,070,312	6,906,232	6,227,109	6,171,726	6,327,266	5,609,886	4,628,879	3,995,668	3,256,946	2,666,534	2,112,656	1,579,198
total shareholders funds	7,621,692	7,669,767	7,805,093	7,070,312	6,906,232	6,227,109	6,171,726	6,327,266	5,609,886	4,628,879	3,995,668	3,256,946	2,666,534	2,112,656	1,579,198

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	1,857,674	381,833	788,830	1,073,759	1,510,505	1,085,911	1,394,256	1,490,202	1,290,324	1,073,537	1,081,181	779,156	784,952	844,959	852,233
Depreciation	210,807	154,610	146,733	119,684	69,907	118,294	120,401	95,727	107,580	108,081	131,395	109,179	114,548	117,751	130,836
Amortisation	181,512	0	0	0	0	0	0	0	0	0	0	0	187	323	323
Tax	-301,067	-440,530	-20,823	-227,545	-418,521	-370,396	-332,695	-227,354	-148,323	-130,355	-127,557	-108,576	-106,888	-87,481	-105,613
Stock	-19,017	949,187	169,102	-425,385	-395,913	235,098	-492,491	944,588	172,736	259,622	187,964	184,611	-319,848	128,222	1,156,080
Debtors	-2,904,201	3,211,240	983,030	-516,561	-44,735	-811,028	549,105	-1,298,766	1,272,973	-565,151	1,075,524	421,561	1,306,951	378,349	2,652,757
Creditors	27,473	1,343,013	-7,535	-446,877	-886,112	777,895	-268,099	642,764	77,545	-90,084	98,922	319,554	-199,846	148,823	930,715
Accruals and Deferred Income	-280,805	-99,746	86,910	-446,467	332,497	-572,634	220,395	-49,677	231,254	-565,532	311,877	308,308	-321,350	920,914	643,073
Deferred Taxes & Provisions	24,000	-61,611	0	172,393	18,000	-1,629	22,505	39,529	67,652	0	0	0	0	0	0
Cash flow from operations	4,642,812	-2,882,858	-158,017	1,186,893	1,066,924	1,613,371	1,100,149	2,345,369	180,323	701,176	232,330	801,449	-715,500	1,438,718	-1,357,270
Investing Activities
capital expenditure	-238,983	-151,888	0	0	0	-393,464	-84,475	-2,547,729	-209,288	-84,058	-66,425	-119,070	-137,385	-63,043	-59,274
Change in Investments	0	-2,424,790	0	0	0	0	0	2,424,790	0	0	0	0	0	0	0
cash flow from investments	-238,983	2,272,902	0	0	0	-393,464	-84,475	-4,972,519	-209,288	-84,058	-66,425	-119,070	-137,385	-63,043	-59,274
Financing Activities
Bank loans	-373,868	373,868	0	-521,916	-1,095,185	44,708	147,129	1,425,264	0	0	-416,743	-10,793	375,135	52,401	0
Group/Directors Accounts	0	0	-6,446	-5,187	4,533	7,100	0	0	0	0	0	0	-59,876	-241,693	301,569
Other Short Term Loans	-1,536,965	1,536,965	0	0	0	0	0	0	0	0	0	0	0	-848,955	848,955
Long term loans	0	0	0	0	0	0	-25,086	25,086	0	0	-145,319	-416,676	561,995	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,136,223
interest	-104,682	-76,629	-33,226	-39,398	8,601	28,986	-14,640	-49,468	23,891	-69,676	-80,476	-80,168	-124,186	-224,020	-251,013
cash flow from financing	-2,015,515	1,834,204	-39,672	-566,501	-1,082,051	80,794	107,403	1,400,882	23,891	-69,676	-642,538	-507,637	753,068	-1,262,267	2,035,734
cash and cash equivalents
cash	888,314	587,146	-23,414	-11,218	-855,550	875,701	-79,384	259,998	40,226	84,364	-175,937	174,742	-99,817	113,408	30,523
overdraft	0	-637,102	266,759	370,343	0	0	0	-442,524	230,185	-222,783	435,122	0	0	0	0
change in cash	888,314	1,224,248	-290,173	-381,561	-855,550	875,701	-79,384	702,522	-189,959	307,147	-611,059	174,742	-99,817	113,408	30,523

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VECTAIR SYSTEMS LIMITED group structure

Vectair Systems Limited has 1 subsidiary company.

Ultimate parent company

VECTAIR ACQUISITION HOLDINGS LLC

#0173376

1 parent

VECTAIR SYSTEMS LIMITED

02245377

1 subsidiary

VECTAIR LIMITED

03605207

VECTAIR SYSTEMS LIMITED Shareholders

vectair acquisition holdings llc

100%

Vectair Systems Limited currently has 5 directors. The longest serving directors include Mr Paul Wonnacott (Sep 1991) and Mr Colin Davies (Jan 2006).

officer	country	age	start	end	role
Mr Paul Wonnacott		68 years	Sep 1991	-	Director
Mr Colin Davies	England	61 years	Jan 2006	-	Director
Mr Andrew Coulter	United States	72 years	Nov 2020	-	Director
Mr Jordan Lamb	United States	51 years	Nov 2020	-	Director
Mr Justin Ovenden		60 years	Dec 2020	-	Director

P&L

October 2023

turnover

13.7m

+10%

operating profit

1.9m

+387%

gross margin

36.7%

-3.02%

turnover

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

Balance Sheet

October 2023

net assets

7.6m

-0.01%

total assets

11.1m

-0.16%

cash

1.8m

+0.96%

net assets

Total assets minus all liabilities

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company number

02245377

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

April 1988

ultimate parent company

VECTAIR ACQUISITION HOLDINGS LLC

previous names

lustre limited (May 1988)

address

unit 3 trident centre, armstrong road, basingstoke, hampshire, RG24 8NU

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 20 charges/mortgages relating to vectair systems limited. Currently there are 8 open charges and 12 have been satisfied in the past.

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vectair systems limited Company Information

vectair systems limited Estimated Valuation

vectair systems limited Estimated Valuation

vectair systems limited Estimated Valuation

Vectair Systems Limited Overview

Vectair Systems Limited Health Check

VECTAIR SYSTEMS LIMITED financials

vectair systems limited Credit Report and Business Information

Vectair Systems Limited Competitor Analysis

vectair systems limited Ownership

vectair systems limited directors

vectair systems limited company details

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vectair systems limited Companies House Filings - See Documents