Aermec Uk Limited

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aermec uk limited Company Information

Live

MatureLargeHigh

Company Number

03112873

Next Accounts

Sep 2025

Industry

Plumbing, heat and air-conditioning installation

Directors

Paul Lawrence

Michele Gioachin

Shareholders

riello international group spa

mr paul lawrence

Group Structure

View All

Contact

Registered Address

charles lake house, claire causeway, dartford, kent, DA2 6QA

Website

www.aermec.co.uk

aermec uk limited Estimated Valuation

£21m

Pomanda estimates the enterprise value of AERMEC UK LIMITED at £21m based on a Turnover of £30.5m and 0.69x industry multiple (adjusted for size and gross margin).

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Aermec Uk Limited is a live company located in dartford, DA2 6QA with a Companies House number of 03112873. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in October 1995, it's largest shareholder is riello international group spa with a 90% stake. Aermec Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.5m with high growth in recent years.

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Pomanda's financial health check has awarded Aermec Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £30.5m, make it larger than the average company (£472.5k)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.6%)

EXPORT

Aermec Uk Limited's latest turnover from December 2023 is £30.5 million and the company has net assets of £2.8 million. According to their latest financial statements, Aermec Uk Limited has 26 employees and maintains cash reserves of £8.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	30,472,668	23,868,218	18,409,210	15,399,170	11,660,160	5,930,013	5,570,354	3,112,836	2,297,340	8,076,888	2,941,581	3,792,111	4,493,598	2,289,029	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	26,064,798	20,173,999	15,700,130	12,147,839	7,919,966	3,952,387	3,674,539	1,996,829	1,517,697	5,287,750	1,844,111	2,328,747	2,766,179	1,364,364	0
Gross Profit	4,407,870	3,694,219	2,709,080	3,251,331	3,740,194	1,977,626	1,895,815	1,116,007	779,642	2,789,138	1,097,470	1,463,363	1,727,419	924,665	0
Admin Expenses	2,172,637	1,809,887	1,354,508	1,102,356	4,057,263	1,551,702	1,766,890	1,130,048	856,778	2,771,136	812,991	1,584,441	1,007,038	494,583	-586,080
Operating Profit	2,235,233	1,884,332	1,354,572	2,148,975	-317,069	425,924	128,925	-14,041	-77,136	18,002	284,479	-121,078	720,381	430,082	586,080
Interest Payable	516	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	48,924	9,907	337	3,757	23,532	13,675	7,994	3,925	9,868	10,312	10,325	9,176	7,324	6,477	3,119
Pre-Tax Profit	2,283,641	1,894,239	1,354,909	2,152,732	-293,537	439,599	136,919	-10,116	-67,268	28,314	294,804	-111,902	727,705	436,560	589,199
Tax	-539,568	-386,128	-261,453	-336,608	0	-83,524	-26,015	0	0	-5,946	-67,805	0	-189,203	-122,237	-164,976
Profit After Tax	1,744,073	1,508,111	1,093,456	1,816,124	-293,537	356,075	110,904	-10,116	-67,268	22,368	226,999	-111,902	538,502	314,323	424,223
Dividends Paid	1,000,000	1,000,000	500,000	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	744,073	508,111	593,456	1,816,124	-293,537	356,075	110,904	-10,116	-67,268	22,368	226,999	-111,902	538,502	314,323	424,223
Employee Costs	1,559,062	1,320,420	1,151,120	940,411	486,648	526,438	523,815	870,162	731,267	2,044,250	790,592	964,256	1,293,204	693,240	0
Number Of Employees	26	21	20	17	14	15	16	18	16	59	22	28	37	21	0
EBITDA*	2,266,921	1,901,201	1,367,681	2,161,139	-313,236	429,311	131,760	-10,500	-71,779	24,459	291,481	-113,371	725,402	435,406	590,021

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,661,104	53,701	35,851	48,960	5,134	8,967	6,526	6,571	3,401	8,758	12,036	16,997	15,331	8,632	8,636
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	91,983	114,979	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,661,104	53,701	35,851	140,943	120,113	8,967	6,526	6,571	3,401	8,758	12,036	16,997	15,331	8,632	8,636
Stock & work in progress	11,648,375	11,198,003	80,516	228,814	149,631	72,463	47,103	50,502	35,100	29,805	39,168	45,871	33,601	7,225	56,158
Trade Debtors	9,705,214	4,159,585	494,591	4,319,920	2,719,658	1,605,609	1,213,931	624,955	303,802	1,276,539	303,868	349,816	670,147	313,782	577,324
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,460,038	612,113	114,699	206,286	39,619	36,769	34,609	30,701	34,546	0	0	0	0	0	0
Cash	8,654,446	5,866,122	4,905,152	3,356,083	4,554,614	1,720,634	1,925,997	1,271,499	1,868,318	2,078,901	2,045,884	2,083,935	1,586,300	1,343,428	1,247,562
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,468,073	21,835,823	5,594,958	8,111,103	7,463,522	3,435,475	3,221,640	1,977,657	2,241,766	3,385,245	2,388,920	2,479,622	2,290,048	1,664,435	1,881,044
total assets	33,129,177	21,889,524	5,630,809	8,252,046	7,583,635	3,444,442	3,228,166	1,984,228	2,245,167	3,394,003	2,400,956	2,496,619	2,305,379	1,673,067	1,889,680
Bank overdraft	0	0	0	0	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	0
Trade Creditors	921,009	4,100,775	965,945	3,360,459	2,091,333	689,550	882,129	361,046	545,297	1,859,592	866,451	1,187,481	859,219	490,883	1,374,929
Group/Directors Accounts	0	0	450,000	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	28,102,550	15,094,222	2,070,614	3,488,678	3,568,950	877,615	829,851	255,591	280,969	0	0	0	0	0	0
total current liabilities	29,023,559	19,194,997	3,486,559	6,849,137	5,660,283	1,567,165	1,711,980	616,637	826,266	1,859,592	866,451	1,187,481	859,219	490,883	1,374,929
loans	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
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	0	0	0	0	0	339,724	0
provisions	1,288,534	621,516	579,350	431,465	268,032	72,169	67,153	29,462	70,656	118,898	141,360	142,992	168,112	102,914	89,528
total long term liabilities	1,288,534	621,516	579,350	431,465	268,032	72,169	67,153	29,462	70,656	118,898	141,360	142,992	168,112	442,638	89,528
total liabilities	30,312,093	19,816,513	4,065,909	7,280,602	5,928,315	1,639,334	1,779,133	646,099	896,922	1,978,490	1,007,811	1,330,473	1,027,331	933,521	1,464,457
net assets	2,817,084	2,073,011	1,564,900	971,444	1,655,320	1,805,108	1,449,033	1,338,129	1,348,245	1,415,513	1,393,145	1,166,146	1,278,048	739,546	425,223
total shareholders funds	2,817,084	2,073,011	1,564,900	971,444	1,655,320	1,805,108	1,449,033	1,338,129	1,348,245	1,415,513	1,393,145	1,166,146	1,278,048	739,546	425,223

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	2,235,233	1,884,332	1,354,572	2,148,975	-317,069	425,924	128,925	-14,041	-77,136	18,002	284,479	-121,078	720,381	430,082	586,080
Depreciation	31,688	16,869	13,109	12,164	3,833	3,387	2,835	3,541	5,357	6,457	7,002	7,707	5,021	5,324	3,941
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-539,568	-386,128	-261,453	-336,608	0	-83,524	-26,015	0	0	-5,946	-67,805	0	-189,203	-122,237	-164,976
Stock	450,372	11,117,487	-148,298	79,183	77,168	25,360	-3,399	15,402	5,295	-9,363	-6,703	12,270	26,376	-48,933	56,158
Debtors	6,393,554	4,162,408	-4,008,899	1,743,933	1,231,878	393,838	592,884	317,308	-938,191	972,671	-45,948	-320,331	356,365	-263,542	577,324
Creditors	-3,179,766	3,134,830	-2,394,514	1,269,126	1,401,783	-192,579	521,083	-184,251	-1,314,295	993,141	-321,030	328,262	368,336	-884,046	1,374,929
Accruals and Deferred Income	13,008,328	13,023,608	-1,418,064	-80,272	2,691,335	47,764	574,260	-25,378	280,969	0	0	0	0	0	0
Deferred Taxes & Provisions	667,018	42,166	147,885	163,433	195,863	5,016	37,691	-41,194	-48,242	-22,462	-1,632	-25,120	65,198	13,386	89,528
Cash flow from operations	5,379,007	2,435,782	1,598,732	1,353,702	2,666,699	-213,210	649,294	-594,033	-220,451	25,884	-46,335	497,832	586,992	-245,016	1,256,020
Investing Activities
capital expenditure	0	0	0	0	0	-5,828	-2,790	-6,711	0	-3,179	-2,041	-9,373	-11,720	-5,320	-12,577
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-5,828	-2,790	-6,711	0	-3,179	-2,041	-9,373	-11,720	-5,320	-12,577
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-450,000	450,000	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	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	-339,724	339,724	0
share issue	0	0	0	-2,500,000	143,749	0	0	0	0	0	0	0	0	0	1,000
interest	48,408	9,907	337	3,757	23,532	13,675	7,994	3,925	9,868	10,312	10,325	9,176	7,324	6,477	3,119
cash flow from financing	48,408	-440,093	450,337	-2,496,243	167,281	13,675	7,994	3,925	9,868	10,312	10,325	9,176	-332,400	346,201	4,119
cash and cash equivalents
cash	2,788,324	960,970	1,549,069	-1,198,531	2,833,980	-205,363	654,498	-596,819	-210,583	33,017	-38,051	497,635	242,872	95,866	1,247,562
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	2,788,324	960,970	1,549,069	-1,198,531	2,833,980	-205,363	654,498	-596,819	-210,583	33,017	-38,051	497,635	242,872	95,866	1,247,562

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AERMEC UK LIMITED group structure

Aermec Uk Limited has no subsidiary companies.

Ultimate parent company

GIORDANO RIELLO INTERNATIONAL GROUP SPA

#0128479

RIELLO INTERNATIONAL GROUP SPA

#0113088

2 parents

AERMEC UK LIMITED

03112873

AERMEC UK LIMITED Shareholders

riello international group spa	90%
mr paul lawrence	10%

Aermec Uk Limited currently has 2 directors. The longest serving directors include Mr Paul Lawrence (Apr 2017) and Mr Michele Gioachin (Mar 2019).

officer	country	age	start	end	role
Mr Paul Lawrence		55 years	Apr 2017	-	Director
Mr Michele Gioachin		62 years	Mar 2019	-	Director

P&L

December 2023

turnover

30.5m

+28%

operating profit

2.2m

+19%

gross margin

14.5%

-6.54%

turnover

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

Balance Sheet

December 2023

net assets

2.8m

+0.36%

total assets

33.1m

+0.51%

cash

8.7m

+0.48%

net assets

Total assets minus all liabilities

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company number

03112873

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

October 1995

ultimate parent company

GIORDANO RIELLO INTERNATIONAL GROUP SPA

previous names

aiax (a.c.) limited (July 2008)

address

charles lake house, claire causeway, dartford, kent, DA2 6QA

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 1 charges/mortgages relating to aermec uk limited. Currently there are 1 open charges and 0 have been satisfied in the past.

aermec uk limited Company Information

aermec uk limited Estimated Valuation

aermec uk limited Estimated Valuation

aermec uk limited Estimated Valuation

Aermec Uk Limited Overview

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AERMEC UK LIMITED financials

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