airvert limited

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airvert limited Company Information

Share AIRVERT LIMITED

Company Number

02769542

Shareholders

pang (2005) ltd

Group Structure

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Industry

Non-specialised wholesale trade

 

Registered Address

rema tip top holdings uk limited, westland square, leeds, west yorkshire, LS11 5XS

airvert limited Estimated Valuation

£400.5k

Pomanda estimates the enterprise value of AIRVERT LIMITED at £400.5k based on a Turnover of £1.3m and 0.3x industry multiple (adjusted for size and gross margin).

airvert limited Estimated Valuation

£130.5k

Pomanda estimates the enterprise value of AIRVERT LIMITED at £130.5k based on an EBITDA of £36.4k and a 3.58x industry multiple (adjusted for size and gross margin).

airvert limited Estimated Valuation

£0

Pomanda estimates the enterprise value of AIRVERT LIMITED at £0 based on Net Assets of £-4.4k and 2.77x industry multiple (adjusted for liquidity).

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Airvert Limited Overview

Airvert Limited is a live company located in leeds, LS11 5XS with a Companies House number of 02769542. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in December 1992, it's largest shareholder is pang (2005) ltd with a 100% stake. Airvert Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with healthy growth in recent years.

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Airvert Limited Health Check

Pomanda's financial health check has awarded Airvert Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

0 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£16.2m)

£1.3m - Airvert Limited

£16.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.3%)

5% - Airvert Limited

6.3% - Industry AVG

production

Production

with a gross margin of 20.6%, this company has a higher cost of product (27.6%)

20.6% - Airvert Limited

27.6% - Industry AVG

profitability

Profitability

an operating margin of 2.8% make it less profitable than the average company (5.1%)

2.8% - Airvert Limited

5.1% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (41)

4 - Airvert Limited

41 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Airvert Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £328.5k, this is equally as efficient (£378.8k)

£328.5k - Airvert Limited

£378.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 44 days, this is near the average (52 days)

44 days - Airvert Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (32 days)

0 days - Airvert Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Airvert Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)

3 weeks - Airvert Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.5%, this is a higher level of debt than the average (47.3%)

100.5% - Airvert Limited

47.3% - Industry AVG

AIRVERT LIMITED financials

EXPORTms excel logo

Airvert Limited's latest turnover from December 2023 is £1.3 million and the company has net assets of -£4.4 thousand. According to their latest financial statements, we estimate that Airvert Limited has 4 employees and maintains cash reserves of £63.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2010
Turnover1,313,940914,161929,6191,138,901507,844805,619556,636381,588447,2853,900,0671,965,4415,808,4664,316,6912,284,485
Other Income Or Grants00000000000000
Cost Of Sales1,042,779660,336673,064829,945368,886590,202404,340273,815320,8232,814,4661,413,6034,168,9623,115,6441,632,475
Gross Profit271,161253,825256,555308,956138,958215,416152,296107,773126,4631,085,601551,8381,639,5051,201,047652,010
Admin Expenses234,730215,684224,856300,406117,896180,916125,125225,118129,5501,260,071560,6781,541,7521,204,645552,125
Operating Profit36,43138,14131,6998,55021,06234,50027,171-117,345-3,087-174,470-8,84097,753-3,59899,885
Interest Payable7734,2303,1843,0184,6333,8412,9202,8461,54100000
Interest Receivable01,4771641125651734198432324682765376233
Pre-Tax Profit35,65835,38828,6795,64416,99430,83224,293-120,093-4,196-174,146-8,15898,517-3,222100,118
Tax-2,090-6,724-5,449-1,072-3,229-5,858-4,6160000-23,6440-28,033
Profit After Tax33,56828,66423,2304,57213,76524,97419,677-120,093-4,196-174,146-8,15874,873-3,22272,085
Dividends Paid00000000000000
Retained Profit33,56828,66423,2304,57213,76524,97419,677-120,093-4,196-174,146-8,15874,873-3,22272,085
Employee Costs0126,272120,799150,95375,476110,75672,17170,56768,599470,818235,172696,733525,241277,105
Number Of Employees43342322214721169
EBITDA*36,43138,14131,6998,55021,06234,50027,171-117,345-3,087-174,470-8,84097,753-3,59899,885

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2010
Tangible Assets00000000000000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)0000000000624,091000
Total Fixed Assets0000000000624,091000
Stock & work in progress0000000000000252,693
Trade Debtors160,117222,673227,974279,828128,799210,609148,91299,67270,035550,83693,065850,353683,512336,984
Group Debtors678,403472,333472,333472,333472,333472,333472,333472,333472,33300000
Misc Debtors00000000000000
Cash63,38167,85316,574114,794110,02540,5115,74610,75867,735105,11924,489248,37857,46093,137
misc current assets00000000000000
total current assets901,901762,859716,881866,955711,157723,453626,991582,763610,103655,955117,5541,098,731740,972682,814
total assets901,901762,859716,881866,955711,157723,453626,991582,763610,103655,955741,6451,098,731740,972682,814
Bank overdraft0000067,63146,18243,665000000
Bank loan016,48172,58129,31469,630000000000
Trade Creditors 725164802,040553480734800684,523596,067944,995662,109600,729
Group/Directors Accounts856,066736,152654,905825,689688,770727,060689,267674,316579,99900000
other short term finances0000000047,40800000
hp & lease commitments00000000000000
other current liabilities50,17047,68555,55499,78146,64536,48824,64917,15915,46000000
total current liabilities906,308800,834783,520956,824805,598831,659760,171735,620642,867684,523596,067944,995662,109600,729
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities906,308800,834783,520956,824805,598831,659760,171735,620642,867684,523596,067944,995662,109600,729
net assets-4,407-37,975-66,639-89,869-94,441-108,206-133,180-152,857-32,764-28,568145,578153,73678,86382,085
total shareholders funds-4,407-37,975-66,639-89,869-94,441-108,206-133,180-152,857-32,764-28,568145,578153,73678,86382,085
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Jul 2010
Operating Activities
Operating Profit36,43138,14131,6998,55021,06234,50027,171-117,345-3,087-174,470-8,84097,753-3,59899,885
Depreciation00000000000000
Amortisation00000000000000
Tax-2,090-6,724-5,449-1,072-3,229-5,858-4,6160000-23,6440-28,033
Stock000000000000-252,693252,693
Debtors143,514-5,301-51,854151,029-81,81061,69749,24029,637-8,468-166,320-133,197166,841346,528336,984
Creditors-44436-1,5601,48773407-407480-684,52388,456-348,928282,88661,380600,729
Accruals and Deferred Income2,485-7,869-44,22753,13610,15711,8397,4901,69915,46000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-107,13228,88532,317-88,928109,873-20,809-19,602-144,803-663,68280,306-224,571190,154-36,05382,904
Investing Activities
capital expenditure00000000000000
Change in Investments00000000000000
cash flow from investments00000000000000
Financing Activities
Bank loans-16,481-56,10043,267-40,31669,630000000000
Group/Directors Accounts119,91481,247-170,784136,919-38,29037,79314,95194,317579,99900000
Other Short Term Loans 0000000-47,40847,40800000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue000000000000010,000
interest-773-2,753-3,020-2,906-4,068-3,668-2,879-2,748-1,109324682765376233
cash flow from financing102,66022,394-130,53793,69727,27234,12512,07244,161626,29832468276537610,233
cash and cash equivalents
cash-4,47251,279-98,2204,76969,51434,765-5,012-56,977-37,38480,630-223,889190,918-35,67793,137
overdraft0000-67,63121,4492,51743,665000000
change in cash-4,47251,279-98,2204,769137,14513,316-7,529-100,642-37,38480,630-223,889190,918-35,67793,137

airvert 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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Airvert Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for airvert limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in LS11 area or any other competitors across 12 key performance metrics.

airvert limited Ownership

AIRVERT LIMITED group structure

Airvert Limited has no subsidiary companies.

Ultimate parent company

REMA TIP TOP HOLDINGS LTD

#0166562

2 parents

AIRVERT LIMITED

02769542

AIRVERT LIMITED Shareholders

pang (2005) ltd 100%

airvert limited directors

Airvert Limited currently has 2 directors. The longest serving directors include Mr Jonathan Formon (Dec 2015) and Mr Mark Insley (Feb 2024).

officercountryagestartendrole
Mr Jonathan Formon55 years Dec 2015- Director
Mr Mark Insley65 years Feb 2024- Director

P&L

December 2023

turnover

1.3m

0%

operating profit

36.4k

0%

gross margin

20.7%

0%

turnover

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

Balance Sheet

December 2023

net assets

-4.4k

-0.88%

total assets

901.9k

+0.18%

cash

63.4k

-0.07%

net assets

Total assets minus all liabilities

airvert limited company details

company number

02769542

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

December 1992

age

33

incorporated

UK

ultimate parent company

REMA TIP TOP HOLDINGS LTD

accounts

Small Company

last accounts submitted

December 2023

previous names

bayvale limited (January 1993)

accountant

-

auditor

RSM UK AUDIT LLP

address

rema tip top holdings uk limited, westland square, leeds, west yorkshire, LS11 5XS

Bank

-

Legal Advisor

-

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

airvert 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.

Click to start generating capital raising & share issue transactions for AIRVERT LIMITED. This can take several minutes, an email will notify you when this has completed.

airvert limited Companies House Filings - See Documents

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