Air Conditioning Engineers Limited

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air conditioning engineers limited Company Information

Live

MatureSmallDeclining

Company Number

02786238

Website

http://acegroup.co.uk

Registered Address

unit 7, mill industrial estate, kings coughton, alcester, warwicks., B49 5QG

Industry

Construction of utility projects for fluids

Telephone

01789763956

Next Accounts Due

November 2024

Group Structure

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Directors

Stephen Hare19 Years

Mark Hatfield13 Years

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Shareholders

stephen john hare 46.2%

mark andrew hatfield 46.2%

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air conditioning engineers limited Estimated Valuation

£745.5k

Pomanda estimates the enterprise value of AIR CONDITIONING ENGINEERS LIMITED at £745.5k based on a Turnover of £3.4m and 0.22x industry multiple (adjusted for size and gross margin).

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Air Conditioning Engineers Limited AI Business Plan

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Air Conditioning Engineers Limited is a live company located in alcester, B49 5QG with a Companies House number of 02786238. It operates in the construction of utility projects for fluids sector, SIC Code 42210. Founded in February 1993, it's largest shareholder is stephen john hare with a 46.2% stake. Air Conditioning Engineers Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Air Conditioning Engineers Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £3.4m, make it larger than the average company (£2.5m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (0.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIR CONDITIONING ENGINEERS LIMITED group structure

Air Conditioning Engineers Limited has no subsidiary companies.

Ultimate parent company

AIR CONDITIONING ENGINEERS LIMITED

02786238

AIR CONDITIONING ENGINEERS LIMITED Shareholders

stephen john hare	46.15%
mark andrew hatfield	46.15%
ridge trading services limited	7.69%

Air Conditioning Engineers Limited currently has 3 directors. The longest serving directors include Mr Stephen Hare (Apr 2005) and Mr Mark Hatfield (Sep 2010).

officer	country	age	start	end	role
Mr Stephen Hare	United Kingdom	57 years	Apr 2005	-	Director
Mr Mark Hatfield	England	57 years	Sep 2010	-	Director
Mr Richard Hatfield		53 years	Aug 2014	-	Director

EXPORT

Air Conditioning Engineers Limited's latest turnover from February 2023 is estimated at £3.4 million and the company has net assets of £329.4 thousand. According to their latest financial statements, Air Conditioning Engineers Limited has 11 employees and maintains cash reserves of £492 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,363,384	4,555,490	2,671,684	4,810,365	5,781,096	6,123,681	5,107,679	6,093,403	7,703,376	5,081,316	7,503,177	4,717,063	4,225,446	3,422,241
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,693,471	3,318,495	1,946,216	3,500,546	3,928,484	4,146,726	3,523,520	4,575,811	5,345,023	3,452,713	5,119,764	3,284,126	2,927,466	2,657,333
Gross Profit	669,913	1,236,995	725,468	1,309,819	1,852,612	1,976,955	1,584,160	1,517,592	2,358,353	1,628,603	2,383,413	1,432,937	1,297,980	764,908
Admin Expenses	703,066	1,215,885	758,088	1,282,417	1,743,749	2,039,400	1,520,540	1,504,098	2,319,738	1,626,225	2,365,753	1,412,161	1,275,900	542,902
Operating Profit	-33,153	21,110	-32,620	27,402	108,863	-62,445	63,620	13,494	38,615	2,378	17,660	20,776	22,080	222,006
Interest Payable	3,917	3,060	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	23,756	2,710	411	4,162	4,215	2,045	557	627	1,005	1,058	577	412	778	454
Pre-Tax Profit	-13,314	20,759	-33,734	31,564	113,078	-60,400	64,178	14,121	39,620	3,436	18,237	21,188	22,858	222,460
Tax	0	-3,944	0	-5,997	-21,485	0	-12,835	-2,824	-8,320	-790	-4,377	-5,509	-6,400	-62,289
Profit After Tax	-13,314	16,815	-33,734	25,567	91,593	-60,400	51,342	11,297	31,300	2,646	13,860	15,679	16,458	160,171
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,314	16,815	-33,734	25,567	91,593	-60,400	51,342	11,297	31,300	2,646	13,860	15,679	16,458	160,171
Employee Costs	487,894	465,789	632,075	683,349	594,550	583,256	577,614	1,657,437	1,821,169	1,507,749	2,201,635	1,658,493	1,023,331	1,020,417
Number Of Employees	11	12	13	15	15	15	15	44	49	39	70	41	29	27
EBITDA*	-13,157	39,902	-7,758	43,561	128,769	-40,896	81,265	22,514	47,935	16,257	30,096	29,930	33,536	231,654

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	74,993	46,103	66,665	40,656	55,042	60,798	48,756	22,921	19,019	33,698	32,225	23,066	20,511	17,748
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	74,993	46,103	66,665	40,656	55,042	60,798	48,756	22,921	19,019	33,698	32,225	23,066	20,511	17,748
Stock & work in progress	103,127	171,117	26,679	24,750	156,601	248,487	42,863	79,996	140,105	192,306	92,115	183,725	231,416	39,913
Trade Debtors	458,123	622,415	579,317	947,175	891,558	924,434	976,778	884,772	1,099,466	1,077,181	1,056,550	735,437	554,872	386,123
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	88,668	43,762	63,855	233	0	0	3,615	100	0	0	0	0	0	0
Cash	491,997	695,778	388,205	433,670	676,136	447,934	369,996	75,926	174,821	227,181	195,979	34,729	129,929	181,457
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,141,915	1,533,072	1,058,056	1,405,828	1,724,295	1,620,855	1,393,252	1,040,794	1,414,392	1,496,668	1,344,644	953,891	916,217	607,493
total assets	1,216,908	1,579,175	1,124,721	1,446,484	1,779,337	1,681,653	1,442,008	1,063,715	1,433,411	1,530,366	1,376,869	976,957	936,728	625,241
Bank overdraft	10,000	10,000	5,833	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	559,299	793,603	471,970	1,077,303	1,420,381	1,397,319	1,106,475	799,203	1,182,747	1,315,106	1,167,147	780,146	760,098	465,068
Group/Directors Accounts	0	0	0	0	0	3,700	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	247,787	376,535	238,055	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	817,086	1,180,138	715,858	1,077,303	1,420,381	1,401,019	1,106,475	799,203	1,182,747	1,315,106	1,167,147	780,146	760,098	465,068
loans	24,167	34,167	44,167	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	40,729	18,941	31,687	9,238	22,580	32,851	30,720	12,991	10,440	6,336	3,553	4,502	0	0
provisions	5,516	3,205	7,100	300	2,300	5,300	1,950	0	0	0	0	0	0	0
total long term liabilities	70,412	56,313	82,954	9,538	24,880	38,151	32,670	12,991	10,440	6,336	3,553	4,502	0	0
total liabilities	887,498	1,236,451	798,812	1,086,841	1,445,261	1,439,170	1,139,145	812,194	1,193,187	1,321,442	1,170,700	784,648	760,098	465,068
net assets	329,410	342,724	325,909	359,643	334,076	242,483	302,863	251,521	240,224	208,924	206,169	192,309	176,630	160,173
total shareholders funds	329,410	342,724	325,909	359,643	334,076	242,483	302,863	251,521	240,224	208,924	206,169	192,309	176,630	160,173

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-33,153	21,110	-32,620	27,402	108,863	-62,445	63,620	13,494	38,615	2,378	17,660	20,776	22,080	222,006
Depreciation	19,996	18,792	24,862	16,159	19,906	21,549	17,645	9,020	9,320	13,879	12,436	9,154	11,456	9,648
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,944	0	-5,997	-21,485	0	-12,835	-2,824	-8,320	-790	-4,377	-5,509	-6,400	-62,289
Stock	-67,990	144,438	1,929	-131,851	-91,886	205,624	-37,133	-60,109	-52,201	100,191	-91,610	-47,691	191,503	39,913
Debtors	-119,386	23,005	-304,236	55,850	-32,876	-55,959	95,521	-214,594	22,285	20,631	321,113	180,565	168,749	386,123
Creditors	-234,304	321,633	-605,333	-343,078	23,062	290,844	307,272	-383,544	-132,359	147,959	387,001	20,048	295,030	465,068
Accruals and Deferred Income	-128,748	138,480	238,055	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	2,311	-3,895	6,800	-2,000	-3,000	3,350	1,950	0	0	0	0	0	0	0
Cash flow from operations	-186,522	324,733	-65,929	-231,513	252,108	103,633	319,264	-89,151	-62,828	42,604	183,217	-88,405	-38,086	208,397
Investing Activities
capital expenditure	-48,886	1,770	-50,871	-1,773	-14,150	-33,591	-43,480	-12,922	5,359	-15,352	-21,595	-11,709	-14,219	-27,396
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-48,886	1,770	-50,871	-1,773	-14,150	-33,591	-43,480	-12,922	5,359	-15,352	-21,595	-11,709	-14,219	-27,396
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-3,700	3,700	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	-10,000	-10,000	44,167	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	21,788	-12,746	22,449	-13,342	-10,271	2,131	17,729	2,551	4,104	2,783	-949	4,502	0	0
share issue	0	0	0	0	0	20	0	0	0	109	0	0	-1	2
interest	19,839	-350	-1,114	4,162	4,215	2,045	557	627	1,005	1,058	577	412	778	454
cash flow from financing	31,627	-23,096	65,502	-9,180	-9,756	7,896	18,286	3,178	5,109	3,950	-372	4,914	777	456
cash and cash equivalents
cash	-203,781	307,573	-45,465	-242,466	228,202	77,938	294,070	-98,895	-52,360	31,202	161,250	-95,200	-51,528	181,457
overdraft	0	4,167	5,833	0	0	0	0	0	0	0	0	0	0	0
change in cash	-203,781	303,406	-51,298	-242,466	228,202	77,938	294,070	-98,895	-52,360	31,202	161,250	-95,200	-51,528	181,457

P&L

February 2023

turnover

3.4m

-26%

operating profit

-33.2k

gross margin

20%

-26.65%

turnover

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

Balance Sheet

February 2023

net assets

329.4k

-0.04%

total assets

1.2m

-0.23%

cash

492k

-0.29%

net assets

Total assets minus all liabilities

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company number

02786238

Type

Private limited with Share Capital

industry

42210 - Construction of utility projects for fluids

incorporation date

February 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 7, mill industrial estate, kings coughton, alcester, warwicks., B49 5QG

last accounts submitted

February 2023

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 air conditioning engineers limited. Currently there are 2 open charges and 0 have been satisfied in the past.

air conditioning engineers limited Company Information

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air conditioning engineers limited Estimated Valuation

air conditioning engineers limited Estimated Valuation

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