Summit Aviation Ltd

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summit aviation ltd Company Information

Live

MatureSmallDeclining

Company Number

03053803

Website

www.summit-aviation.co.uk

Registered Address

summit aviation merlin way, manston, kent, CT12 5FE

Industry

Repair and maintenance of aircraft and spacecraft

Telephone

01843822444

Next Accounts Due

April 2025

Group Structure

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Directors

Bruce Erridge17 Years

Julie Wing5 Years

View All

Shareholders

julie wing 100%

summit aviation ltd Estimated Valuation

£0 - £2.1m

The estimated valuation range for summit aviation ltd, derived from financial data as of July 2023 and the most recent industry multiples, is between £0 to £2.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Summit Aviation Ltd is a live company located in kent, CT12 5FE with a Companies House number of 03053803. It operates in the repair and maintenance of aircraft and spacecraft sector, SIC Code 33160. Founded in May 1995, it's largest shareholder is julie wing with a 100% stake. Summit Aviation Ltd 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 Summit Aviation Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£8.8m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (-1.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SUMMIT AVIATION LTD group structure

Summit Aviation Ltd has no subsidiary companies.

Ultimate parent company

SUMMIT AVIATION LTD

03053803

SUMMIT AVIATION LTD Shareholders

julie wing

100%

Summit Aviation Ltd currently has 3 directors. The longest serving directors include Mr Bruce Erridge (Apr 2007) and Mrs Julie Wing (Oct 2018).

officer	age	start	end	role
Mr Bruce Erridge	54 years	Apr 2007	-	Director
Mrs Julie Wing	63 years	Oct 2018	-	Director
Mr Michael Barton	67 years	Aug 2023	-	Director

EXPORT

Summit Aviation Ltd's latest turnover from July 2023 is estimated at £3.4 million and the company has net assets of £510.2 thousand. According to their latest financial statements, Summit Aviation Ltd has 31 employees and maintains cash reserves of £232.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	3,416,266	3,388,926	2,934,112	5,188,704	8,015,627	7,691,923	4,895,818	4,185,512	5,066,454	5,813,123	3,516,076	5,449,969	3,720,284	4,741,802	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,595,869	2,561,695	2,391,728	3,867,133	0	4,928,755	3,386,896	3,005,460	3,398,728	3,912,805	2,320,468	3,672,467	2,491,043	3,175,035	0
Gross Profit	820,397	827,230	542,384	1,321,571	8,015,627	2,763,168	1,508,922	1,180,052	1,667,726	1,900,318	1,195,608	1,777,502	1,229,241	1,566,766	0
Admin Expenses	1,013,896	486,011	1,044,838	1,507,896	8,206,991	3,024,598	1,243,849	219,047	1,469,858	1,834,192	983,015	1,679,048	1,139,785	1,388,357	23,001
Operating Profit	-193,499	341,219	-502,454	-186,325	-191,364	-261,430	265,073	961,005	197,868	66,126	212,593	98,454	89,456	178,409	-23,001
Interest Payable	18,799	17,507	13,014	10,974	6,752	624	1,395	948	0	0	0	0	0	0	0
Interest Receivable	9,513	2,515	281	482	2,710	1,507	1,053	1,189	911	1,168	919	274	37	2	1
Pre-Tax Profit	-202,785	326,227	-515,187	-196,817	-195,406	-260,547	264,731	961,246	198,779	67,294	213,512	98,728	89,493	178,411	-23,000
Tax	0	-61,983	0	0	0	0	-50,299	-192,249	-39,756	-14,132	-49,108	-23,695	-23,268	-49,955	0
Profit After Tax	-202,785	264,244	-515,187	-196,817	-195,406	-260,547	214,432	768,997	159,023	53,162	164,404	75,033	66,225	128,456	-23,000
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-202,785	264,244	-515,187	-196,817	-195,406	-260,547	214,432	768,997	159,023	53,162	164,404	75,033	66,225	128,456	-23,000
Employee Costs	1,512,453	1,312,252	1,383,375	1,638,113	1,867,705	2,007,260	1,697,936	1,647,171	1,469,572	1,636,553	1,047,451	1,742,766	1,021,333	1,163,554	0
Number Of Employees	31	30	31	37	42	46	43	40	37	42	28	47	30	36	0
EBITDA*	-160,626	393,431	-449,824	-132,527	-135,900	-221,227	332,113	1,029,401	262,129	134,928	277,057	163,327	151,174	219,188	9,347

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	139,780	185,098	234,050	281,625	335,089	217,281	393,992	407,953	437,525	409,639	430,920	445,500	474,384	306,763	300,311
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	139,780	185,098	234,050	281,625	335,089	217,281	393,992	407,953	437,525	409,639	430,920	445,500	474,384	306,763	300,311
Stock & work in progress	309,887	318,030	297,773	331,782	597,446	678,550	567,579	455,771	413,244	409,373	310,446	298,096	344,969	209,723	248,424
Trade Debtors	548,470	558,474	398,110	718,277	666,690	1,133,860	730,201	652,051	785,866	594,907	253,389	573,441	447,962	573,796	290,794
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	326,926	372,503	111,989	478,193	666,384	299,820	815,411	475,968	0	0	0	0	0	0	0
Cash	232,508	148,027	254,391	307,878	656,291	66,427	536,447	305,845	169,841	194,547	272,504	94,967	14,542	179	566
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,417,791	1,397,034	1,062,263	1,836,130	2,586,811	2,178,657	2,649,638	1,889,635	1,368,951	1,198,827	836,339	966,504	807,473	783,698	539,784
total assets	1,557,571	1,582,132	1,296,313	2,117,755	2,921,900	2,395,938	3,043,630	2,297,588	1,806,476	1,608,466	1,267,259	1,412,004	1,281,857	1,090,461	840,095
Bank overdraft	0	0	0	0	0	1,507	0	0	0	0	0	0	0	0	0
Bank loan	84,553	93,304	43,821	38,467	41,333	2,235	13,999	13,159	0	0	0	0	0	0	0
Trade Creditors	347,901	363,632	250,397	501,777	438,234	684,391	485,434	349,196	1,092,606	1,105,417	816,057	1,125,877	787,621	884,611	787,365
Group/Directors Accounts	29,594	29,598	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	547,787	256,132	311,428	457,635	1,090,546	340,231	881,808	468,455	0	0	0	0	0	0	0
total current liabilities	1,009,835	742,666	605,646	997,879	1,570,113	1,028,364	1,381,241	830,810	1,092,606	1,105,417	816,057	1,125,877	787,621	884,611	787,365
loans	37,500	126,445	219,376	125,019	154,997	0	1,462	16,004	0	0	0	0	0	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	28,252	0	0	0	278,469	69,018	65,728
provisions	0	0	22,514	30,893	36,009	11,387	44,193	48,472	52,313	28,767	30,082	29,411	34,084	21,374	0
total long term liabilities	37,500	126,445	241,890	155,912	191,006	11,387	45,655	64,476	80,565	28,767	30,082	29,411	312,553	90,392	65,728
total liabilities	1,047,335	869,111	847,536	1,153,791	1,761,119	1,039,751	1,426,896	895,286	1,173,171	1,134,184	846,139	1,155,288	1,100,174	975,003	853,093
net assets	510,236	713,021	448,777	963,964	1,160,781	1,356,187	1,616,734	1,402,302	633,305	474,282	421,120	256,716	181,683	115,458	-12,998
total shareholders funds	510,236	713,021	448,777	963,964	1,160,781	1,356,187	1,616,734	1,402,302	633,305	474,282	421,120	256,716	181,683	115,458	-12,998

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-193,499	341,219	-502,454	-186,325	-191,364	-261,430	265,073	961,005	197,868	66,126	212,593	98,454	89,456	178,409	-23,001
Depreciation	32,873	52,212	52,630	53,798	55,464	40,203	67,040	68,396	64,261	68,802	64,464	64,873	61,718	40,779	32,348
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-61,983	0	0	0	0	-50,299	-192,249	-39,756	-14,132	-49,108	-23,695	-23,268	-49,955	0
Stock	-8,143	20,257	-34,009	-265,664	-81,104	110,971	111,808	42,527	3,871	98,927	12,350	-46,873	135,246	-38,701	248,424
Debtors	-55,581	420,878	-686,371	-136,604	-100,606	-111,932	417,593	342,153	190,959	341,518	-320,052	125,479	-125,834	283,002	290,794
Creditors	-15,731	113,235	-251,380	63,543	-246,157	198,957	136,238	-743,410	-12,811	289,360	-309,820	338,256	-96,990	97,246	787,365
Accruals and Deferred Income	291,655	-55,296	-146,207	-632,911	750,315	-541,577	413,353	468,455	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-22,514	-8,379	-5,116	24,622	-32,806	-4,279	-3,841	23,546	-1,315	671	-4,673	12,710	21,374	0
Cash flow from operations	179,022	-74,262	-135,410	-304,743	574,590	-595,692	297,725	173,676	38,278	-31,604	226,502	394,609	34,214	43,552	257,494
Investing Activities
capital expenditure	12,445	-3,260	-5,055	-334	-173,272	136,508	-53,079	-38,824	-92,147	-47,521	-49,884	-35,989	-229,339	-47,231	-332,659
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	12,445	-3,260	-5,055	-334	-173,272	136,508	-53,079	-38,824	-92,147	-47,521	-49,884	-35,989	-229,339	-47,231	-332,659
Financing Activities
Bank loans	-8,751	49,483	5,354	-2,866	39,098	-11,764	840	13,159	0	0	0	0	0	0	0
Group/Directors Accounts	-4	29,598	0	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	0
Long term loans	-88,945	-92,931	94,357	-29,978	154,997	-1,462	-14,542	16,004	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	0
other long term liabilities	0	0	0	0	0	0	0	-28,252	28,252	0	0	-278,469	209,451	3,290	65,728
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,002
interest	-9,286	-14,992	-12,733	-10,492	-4,042	883	-342	241	911	1,168	919	274	37	2	1
cash flow from financing	-106,986	-28,842	86,978	-43,336	190,053	-12,343	-14,044	1,152	29,163	1,168	919	-278,195	209,488	3,292	75,731
cash and cash equivalents
cash	84,481	-106,364	-53,487	-348,413	589,864	-470,020	230,602	136,004	-24,706	-77,957	177,537	80,425	14,363	-387	566
overdraft	0	0	0	0	-1,507	1,507	0	0	0	0	0	0	0	0	0
change in cash	84,481	-106,364	-53,487	-348,413	591,371	-471,527	230,602	136,004	-24,706	-77,957	177,537	80,425	14,363	-387	566

P&L

July 2023

turnover

3.4m

+1%

operating profit

-193.5k

gross margin

24.1%

-1.62%

turnover

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

Balance Sheet

July 2023

net assets

510.2k

-0.28%

total assets

1.6m

-0.02%

cash

232.5k

+0.57%

net assets

Total assets minus all liabilities

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company number

03053803

Type

Private limited with Share Capital

industry

33160 - Repair and maintenance of aircraft and spacecraft

incorporation date

May 1995

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

summit engineering limited (October 2015)

incorporated

address

summit aviation merlin way, manston, kent, CT12 5FE

last accounts submitted

July 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 3 charges/mortgages relating to summit aviation ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

summit aviation ltd Company Information

summit aviation ltd Estimated Valuation

summit aviation ltd Estimated Valuation

summit aviation ltd Estimated Valuation

Summit Aviation Ltd AI Business Plan

Summit Aviation Ltd Overview

Summit Aviation Ltd Health Check

summit aviation ltd Credit Report and Business Information

Summit Aviation Ltd Competitor Analysis

summit aviation ltd Ownership

summit aviation ltd directors

SUMMIT AVIATION LTD financials

summit aviation ltd company details

summit aviation ltd Charges & Mortgages

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