Virair Limited

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virair limited Company Information

Live

MatureMicroDeclining

Company Number

02754914

Website

virair.co.uk

Registered Address

chandler house, 7 ferry road office park, riversway preston, lancashire, PR2 2YH

Industry

Wireless telecommunications activities

Telephone

01772367700

Next Accounts Due

December 2024

Group Structure

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Directors

Neil Arkwright31 Years

Timothy Nadin4 Years

Shareholders

cygnet holdings limited 50%

timothy andrew nadin 50%

virair limited Estimated Valuation

£219.5k

Pomanda estimates the enterprise value of VIRAIR LIMITED at £219.5k based on a Turnover of £246.7k and 0.89x industry multiple (adjusted for size and gross margin).

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Virair Limited is a live company located in riversway preston, PR2 2YH with a Companies House number of 02754914. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in October 1992, it's largest shareholder is cygnet holdings limited with a 50% stake. Virair Limited is a mature, micro sized company, Pomanda has estimated its turnover at £246.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Virair Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £246.7k, make it smaller than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5%)

EXPORT

Virair Limited's latest turnover from March 2023 is estimated at £246.7 thousand and the company has net assets of -£95.3 thousand. According to their latest financial statements, Virair Limited has 2 employees and maintains cash reserves of £12.5 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
Turnover	246,746	155,015	235,288	351,373	329,572	219,982	158,936	11
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	158,986	95,442	141,709	218,921	195,860	135,669	98,025	7
Gross Profit	87,760	59,573	93,579	132,452	133,712	84,313	60,910	5
Admin Expenses	82,637	69,525	108,142	156,847	120,140	115,881	83,799	5
Operating Profit	5,123	-9,952	-14,563	-24,395	13,572	-31,568	-22,889	0
Interest Payable	4,444	3,236	1,525	0	0	0	0	0
Interest Receivable	833	234	31	32	290	111	6	0
Pre-Tax Profit	1,512	-12,955	-16,057	-24,363	13,862	-31,457	-22,883	0
Tax	-287	0	0	0	-2,634	0	0	0
Profit After Tax	1,225	-12,955	-16,057	-24,363	11,228	-31,457	-22,883	0
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	1,225	-12,955	-16,057	-24,363	11,228	-31,457	-22,883	0
Employee Costs	124,840	58,455	57,714	58,597	52,463	57,905	59,186	56,645
Number Of Employees	2	1	1	1	1	1	1	1
EBITDA*	5,123	-9,952	-14,524	-19,641	22,757	-23,649	-17,700	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Tangible Assets	0	0	0	2,153	6,907	14,221	16,313	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	2,153	6,907	14,221	16,313	0
Stock & work in progress	12,663	13,187	13,187	18,839	18,839	13,769	5,660	0
Trade Debtors	18,810	6,934	12,544	30,129	34,283	8,935	6,660	2
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	32,330	36,427	32,380	29,979	41,744	17,675	16,526	0
Cash	12,548	26,659	35,666	25,952	37,683	39,536	5,020	0
misc current assets	0	0	0	23	23	0	0	0
total current assets	76,351	83,207	93,777	104,922	132,572	79,915	33,866	2
total assets	76,351	83,207	93,777	107,075	139,479	94,136	50,179	2
Bank overdraft	5,215	5,087	8,333	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	67,874	71,325	123,095	171,233	173,237	143,666	70,770	0
Group/Directors Accounts	58,945	58,945	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	3,983	3,526	4,212	3,315	9,352	3,750	1,137	0
total current liabilities	136,017	138,883	135,640	174,548	182,589	147,416	71,907	0
loans	35,594	40,809	41,667	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	1,058	1,153	0
total long term liabilities	35,594	40,809	41,667	0	0	1,058	1,153	0
total liabilities	171,611	179,692	177,307	174,548	182,589	148,474	73,060	0
net assets	-95,260	-96,485	-83,530	-67,473	-43,110	-54,338	-22,881	2
total shareholders funds	-95,260	-96,485	-83,530	-67,473	-43,110	-54,338	-22,881	2

	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	5,123	-9,952	-14,563	-24,395	13,572	-31,568	-22,889	0	0	0	0	0	0	0
Depreciation	0	0	39	4,754	9,185	7,919	5,189	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-287	0	0	0	-2,634	0	0	0	0	0	0	0	0	0
Stock	-524	0	-5,652	0	5,070	8,109	5,660	0	0	0	0	0	0	0
Debtors	7,779	-1,563	-15,184	-15,919	49,417	3,424	23,184	2	0	0	0	0	0	0
Creditors	-3,451	-51,770	-48,138	-2,004	29,571	72,896	70,770	0	0	0	0	0	0	0
Accruals and Deferred Income	457	-686	897	-6,037	5,602	2,613	1,137	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-1,058	-95	1,153	0	0	0	0	0	0	0
Cash flow from operations	-5,413	-60,845	-40,929	-11,763	-249	40,232	26,516	-2	0	0	0	0	0	0
Investing Activities
capital expenditure	0	0	2,114	0	-1,871	-5,827	-21,502	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	2,114	0	-1,871	-5,827	-21,502	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	58,945	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	-5,215	-858	41,667	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	2	0	0	0	0	0	0
interest	-3,611	-3,002	-1,494	32	290	111	6	0	0	0	0	0	0	0
cash flow from financing	-8,826	55,085	40,173	32	290	111	6	2	0	0	0	0	0	0
cash and cash equivalents
cash	-14,111	-9,007	9,714	-11,731	-1,853	34,516	5,020	0	0	0	0	0	0	0
overdraft	128	-3,246	8,333	0	0	0	0	0	0	0	0	0	0	0
change in cash	-14,239	-5,761	1,381	-11,731	-1,853	34,516	5,020	0	0	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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VIRAIR LIMITED group structure

Virair Limited has no subsidiary companies.

Ultimate parent company

CYGNET HOLDINGS LIMITED

03614581

1 parent

VIRAIR LIMITED

02754914

VIRAIR LIMITED Shareholders

cygnet holdings limited	50%
timothy andrew nadin	50%

Virair Limited currently has 2 directors. The longest serving directors include Mr Neil Arkwright (Jan 1993) and Mr Timothy Nadin (Jun 2020).

officer	country	age	start	end	role
Mr Neil Arkwright	England	60 years	Jan 1993	-	Director
Mr Timothy Nadin	England	63 years	Jun 2020	-	Director

P&L

March 2023

turnover

246.7k

+59%

operating profit

5.1k

gross margin

35.6%

-7.45%

turnover

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

Balance Sheet

March 2023

net assets

-95.3k

-0.01%

total assets

76.4k

-0.08%

cash

12.5k

-0.53%

net assets

Total assets minus all liabilities

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company number

02754914

Type

Private limited with Share Capital

industry

61200 - Wireless telecommunications activities

incorporation date

October 1992

ultimate parent company

CYGNET HOLDINGS LIMITED

previous names

cygnet communication systems limited (January 2016)

ayledon limited (February 1993)

address

chandler house, 7 ferry road office park, riversway preston, lancashire, PR2 2YH

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 7 charges/mortgages relating to virair limited. Currently there are 1 open charges and 6 have been satisfied in the past.

virair limited Company Information

virair limited Estimated Valuation

virair limited Estimated Valuation

virair limited Estimated Valuation

Virair Limited Overview

Virair Limited Health Check

VIRAIR LIMITED financials

virair limited Credit Report and Business Information

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virair limited Ownership

virair limited directors

virair limited company details

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virair limited Companies House Filings - See Documents