Security Air Express Limited

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security air express limited Company Information

Live

MatureSmallHigh

Company Number

02788444

Next Accounts

Dec 2024

Industry

Freight transport by road

Operation of warehousing and storage facilities for land transport activities of division 49

Directors

Richard Bousfield

Nicholas Bousfield

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Shareholders

richard bousfield

cherie bousfield

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Group Structure

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Contact

Registered Address

coppermill court, coppermill, lane, west hyde, rickmansworth, hertfordshire, WD3 9XS

Website

http://saelogistics.com

security air express limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of SECURITY AIR EXPRESS LIMITED at £2.2m based on Net Assets of £921.1k and 2.42x industry multiple (adjusted for liquidity).

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Security Air Express Limited is a live company located in rickmansworth, WD3 9XS with a Companies House number of 02788444. It operates in the freight transport by road sector, SIC Code 49410. Founded in February 1993, it's largest shareholder is richard bousfield with a 25.7% stake. Security Air Express Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.

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Pomanda's financial health check has awarded Security Air Express Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.6%)

EXPORT

Security Air Express Limited's latest turnover from March 2023 is estimated at £2.2 million and the company has net assets of £921.1 thousand. According to their latest financial statements, Security Air Express Limited has 12 employees and maintains cash reserves of £353.2 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	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,164,555	1,312,010	1,464,629	1,249,223	1,627,928	1,385,807	1,646,116	1,670,796	1,419,257	1,611,792	1,502,071	1,553,053	1,256,753	1,289,878
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,546,031	944,065	1,062,933	925,040	1,232,299	1,014,576	1,169,489	1,214,217	1,066,993	1,202,181	1,124,230	1,140,059	892,730	929,106
Gross Profit	618,523	367,945	401,696	324,183	395,629	371,231	476,627	456,579	352,264	409,611	377,841	412,994	364,022	360,772
Admin Expenses	481,512	130,511	322,113	205,803	377,271	367,219	469,657	354,004	232,088	333,665	296,050	407,151	384,183	-165,514
Operating Profit	137,011	237,434	79,583	118,380	18,358	4,012	6,970	102,575	120,176	75,946	81,791	5,843	-20,161	526,286
Interest Payable	49,527	34,882	33,738	35,825	41,748	21,802	1,154	0	0	0	0	0	0	0
Interest Receivable	16,485	2,580	300	258	1,635	1,498	890	1,773	1,462	1,545	1,704	1,451	1,329	642
Pre-Tax Profit	103,969	205,132	46,144	82,812	-21,755	-16,292	6,706	104,349	121,638	77,491	83,495	7,293	-18,832	526,928
Tax	-19,754	-38,975	-8,767	-15,734	0	0	-1,341	-20,870	-25,544	-17,823	-20,039	-1,896	0	-147,540
Profit After Tax	84,215	166,157	37,377	67,078	-21,755	-16,292	5,365	83,479	96,094	59,668	63,456	5,397	-18,832	379,388
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	84,215	166,157	37,377	67,078	-21,755	-16,292	5,365	83,479	96,094	59,668	63,456	5,397	-18,832	379,388
Employee Costs	459,117	357,903	377,852	445,565	602,657	580,313	637,774	743,286	400,994	451,844	425,002	414,863	348,814	378,738
Number Of Employees	12	10	11	13	18	18	20	24	13	15	14	14	12	13
EBITDA*	223,738	298,173	138,607	156,677	68,384	4,241	59,278	150,134	152,659	107,365	99,714	33,258	13,027	569,656

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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
Tangible Assets	971,594	919,590	913,793	847,953	893,423	893,527	145,042	138,065	96,960	84,999	46,282	37,055	41,147	46,691
Intangible Assets	9,667	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	981,261	919,590	913,793	847,953	893,423	893,527	145,042	138,065	96,960	84,999	46,282	37,055	41,147	46,691
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	408,086	262,699	275,610	214,400	260,412	239,423	292,543	245,608	259,158	288,755	229,700	251,972	221,463	234,509
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	54,526	47,586	56,909	31,978	77,843	50,807	52,176	39,771	0	0	0	0	0	0
Cash	353,169	422,599	265,469	334,211	181,837	254,211	345,130	366,834	342,476	242,204	375,921	305,522	274,716	256,790
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	815,781	732,884	597,988	580,589	520,092	544,441	689,849	652,213	601,634	530,959	605,621	557,494	496,179	491,299
total assets	1,797,042	1,652,474	1,511,781	1,428,542	1,413,515	1,437,968	834,891	790,278	698,594	615,958	651,903	594,549	537,326	537,990
Bank overdraft	0	0	0	0	0	48,812	12,662	0	0	0	0	0	0	0
Bank loan	38,929	44,850	48,172	50,471	48,812	0	0	0	0	0	0	0	0	0
Trade Creditors	188,731	95,556	137,136	84,627	159,924	86,614	98,079	121,347	171,878	188,702	214,379	226,060	175,800	158,402
Group/Directors Accounts	0	0	0	0	0	0	0	1,468	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	2,778	5,192	10,768	10,491	18,940	19,995	0	0	0	0	0	0	0	0
other current liabilities	163,300	183,641	119,760	102,792	42,033	68,064	74,672	49,723	0	0	0	0	0	0
total current liabilities	393,738	329,239	315,836	248,381	269,709	223,485	185,413	172,538	171,878	188,702	214,379	226,060	175,800	158,402
loans	428,542	454,061	486,471	521,066	554,251	585,100	24,268	0	0	0	0	0	0	0
hp & lease commitments	0	2,778	7,970	9,294	3,056	21,995	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	0	0	0	0	0	0	0	0	0	669	4,669	0	0	0
provisions	53,663	29,512	30,777	16,451	20,227	19,361	20,891	18,786	11,241	7,206	3,142	2,232	770	0
total long term liabilities	482,205	486,351	525,218	546,811	577,534	626,456	45,159	18,786	11,241	7,875	7,811	2,232	770	0
total liabilities	875,943	815,590	841,054	795,192	847,243	849,941	230,572	191,324	183,119	196,577	222,190	228,292	176,570	158,402
net assets	921,099	836,884	670,727	633,350	566,272	588,027	604,319	598,954	515,475	419,381	429,713	366,257	360,756	379,588
total shareholders funds	921,099	836,884	670,727	633,350	566,272	588,027	604,319	598,954	515,475	419,381	429,713	366,257	360,756	379,588

	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	137,011	237,434	79,583	118,380	18,358	4,012	6,970	102,575	120,176	75,946	81,791	5,843	-20,161	526,286
Depreciation	86,727	60,739	59,024	38,297	50,026	229	52,308	47,559	32,483	31,419	17,923	27,415	33,188	43,370
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,754	-38,975	-8,767	-15,734	0	0	-1,341	-20,870	-25,544	-17,823	-20,039	-1,896	0	-147,540
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	152,327	-22,234	86,141	-91,877	48,025	-54,489	59,340	26,221	-29,597	59,055	-22,272	30,509	-13,046	234,509
Creditors	93,175	-41,580	52,509	-75,297	73,310	-11,465	-23,268	-50,531	-16,824	-25,677	-11,681	50,260	17,398	158,402
Accruals and Deferred Income	-20,341	63,881	16,968	60,759	-26,031	-6,608	24,949	49,723	0	0	0	0	0	0
Deferred Taxes & Provisions	24,151	-1,265	14,326	-3,776	866	-1,530	2,105	7,545	4,035	4,064	910	1,462	770	0
Cash flow from operations	148,642	302,468	127,502	214,506	68,504	39,127	2,383	109,780	143,923	8,874	91,176	52,575	44,241	346,009
Investing Activities
capital expenditure	-148,398	-66,536	-124,864	7,173	-49,922	-748,714	-59,285	-88,664	-44,444	-70,136	-27,150	-23,323	-27,644	-90,061
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-148,398	-66,536	-124,864	7,173	-49,922	-748,714	-59,285	-88,664	-44,444	-70,136	-27,150	-23,323	-27,644	-90,061
Financing Activities
Bank loans	-5,921	-3,322	-2,299	1,659	48,812	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-1,468	1,468	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	-25,519	-32,410	-34,595	-33,185	-30,849	560,832	24,268	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-5,192	-10,768	-1,047	-2,211	-19,994	41,990	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-669	-4,000	4,669	0	0	0
share issue	0	0	0	0	0	0	0	0	0	-70,000	0	104	0	200
interest	-33,042	-32,302	-33,438	-35,567	-40,113	-20,304	-264	1,773	1,462	1,545	1,704	1,451	1,329	642
cash flow from financing	-69,674	-78,802	-71,379	-69,304	-42,144	582,518	22,536	3,241	793	-72,455	6,373	1,555	1,329	842
cash and cash equivalents
cash	-69,430	157,130	-68,742	152,374	-72,374	-90,919	-21,704	24,358	100,272	-133,717	70,399	30,806	17,926	256,790
overdraft	0	0	0	0	-48,812	36,150	12,662	0	0	0	0	0	0	0
change in cash	-69,430	157,130	-68,742	152,374	-23,562	-127,069	-34,366	24,358	100,272	-133,717	70,399	30,806	17,926	256,790

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SECURITY AIR EXPRESS LIMITED group structure

Security Air Express Limited has no subsidiary companies.

Ultimate parent company

SECURITY AIR EXPRESS LIMITED

02788444

SECURITY AIR EXPRESS LIMITED Shareholders

richard bousfield	25.74%
cherie bousfield	24.75%
nicholas bousfield	24.75%
emma bousfield	12.38%
christopher bousfield	12.38%

Security Air Express Limited currently has 3 directors. The longest serving directors include Mr Richard Bousfield (Jun 1993) and Mr Nicholas Bousfield (Dec 2021).

officer	country	age	start	end	role
Mr Richard Bousfield	England	70 years	Jun 1993	-	Director
Mr Nicholas Bousfield		45 years	Dec 2021	-	Director
Mr Christopher Bousfield		41 years	Dec 2021	-	Director

P&L

March 2023

turnover

2.2m

+65%

operating profit

137k

gross margin

28.6%

+1.89%

turnover

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

Balance Sheet

March 2023

net assets

921.1k

+0.1%

total assets

1.8m

+0.09%

cash

353.2k

-0.16%

net assets

Total assets minus all liabilities

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company number

02788444

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

52103 - Operation of warehousing and storage facilities for land transport activities of division 49

incorporation date

February 1993

ultimate parent company

None

previous names

N/A

address

coppermill court, coppermill, lane, west hyde, rickmansworth, hertfordshire, WD3 9XS

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.

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security air express limited Company Information

security air express limited Estimated Valuation

security air express limited Estimated Valuation

security air express limited Estimated Valuation

Security Air Express Limited Overview

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