Pomanda estimates the enterprise value of AERMEC UK LIMITED at £20.4m based on a Turnover of £30.5m and 0.67x industry multiple (adjusted for size and gross margin).
aermec uk limitedEstimated Valuation
£12.8m
Pomanda estimates the enterprise value of AERMEC UK LIMITED at £12.8m based on an EBITDA of £2.3m and a 5.66x industry multiple (adjusted for size and gross margin).
aermec uk limitedEstimated Valuation
£8m
Pomanda estimates the enterprise value of AERMEC UK LIMITED at £8m based on Net Assets of £2.8m and 2.83x industry multiple (adjusted for liquidity).
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Aermec Uk LimitedOverview
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.
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 5 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
5 Strong
0 Regular
7 Weak
Size
annual sales of £30.5m, make it larger than the average company (£567.2k)
£30.5m - Aermec Uk Limited
£567.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (10.1%)
26% - Aermec Uk Limited
10.1% - Industry AVG
Production
with a gross margin of 14.5%, this company has a higher cost of product (29.1%)
14.5% - Aermec Uk Limited
29.1% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (5.9%)
7.3% - Aermec Uk Limited
5.9% - Industry AVG
Employees
with 26 employees, this is above the industry average (5)
26 - Aermec Uk Limited
5 - Industry AVG
Pay Structure
on an average salary of £60k, the company has a higher pay structure (£35.4k)
£60k - Aermec Uk Limited
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£120.2k)
£1.2m - Aermec Uk Limited
£120.2k - Industry AVG
Debtor Days
it gets paid by customers after 116 days, this is later than average (53 days)
116 days - Aermec Uk Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (46 days)
12 days - Aermec Uk Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 163 days, this is more than average (12 days)
163 days - Aermec Uk Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 15 weeks, this is less cash available to meet short term requirements (20 weeks)
15 weeks - Aermec Uk Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (62.1%)
91.5% - Aermec Uk Limited
62.1% - Industry AVG
AERMEC UK LIMITED financials
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
11,300,671
5,731,706
5,329,948
3,061,341
2,294,304
8,049,587
2,934,883
3,810,961
4,481,509
2,288,141
Other Income Or Grants
Cost Of Sales
26,064,798
20,173,999
15,700,130
12,147,839
7,669,099
3,826,298
3,492,656
1,973,760
1,515,692
5,306,631
1,843,020
2,355,450
2,767,789
1,369,982
Gross Profit
4,407,870
3,694,219
2,709,080
3,251,331
3,631,571
1,905,408
1,837,291
1,087,581
778,612
2,742,956
1,091,864
1,455,512
1,713,720
918,160
Admin Expenses
2,172,637
1,809,887
1,354,508
1,102,356
3,948,640
1,479,484
1,708,366
1,101,622
855,748
2,724,954
807,385
1,576,590
993,339
488,078
-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
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
-83,524
-26,015
-5,946
-67,805
-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
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
490,458
524,644
528,000
870,162
731,267
2,018,664
791,189
930,620
1,293,204
726,252
Number Of Employees
26
21
20
17
14
15
16
18
16
58
22
27
37
22
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
Investments & Other
Debtors (Due After 1 year)
91,983
114,979
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
Misc Debtors
1,460,038
612,113
114,699
206,286
39,619
36,769
34,609
30,701
34,546
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
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
Bank loan
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
450,000
other short term finances
hp & lease commitments
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
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
hp & lease commitments
Accruals and Deferred Income
other liabilities
339,724
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
Tax
-539,568
-386,128
-261,453
-336,608
-83,524
-26,015
-5,946
-67,805
-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
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
-5,828
-2,790
-6,711
-3,179
-2,041
-9,373
-11,720
-5,320
-12,577
Change in Investments
cash flow from investments
-5,828
-2,790
-6,711
-3,179
-2,041
-9,373
-11,720
-5,320
-12,577
Financing Activities
Bank loans
Group/Directors Accounts
-450,000
450,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-339,724
339,724
share issue
-2,500,000
143,749
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
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
aermec uk limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for aermec uk limited. Get real-time insights into aermec uk limited's credit score, group structure and payment trends.
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aermec uk limited Ownership
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
The largest shareholders in Aermec Uk Limited include Riello International Group Spa and Mr Paul Lawrence.
riello international group spa
90%
mr paul lawrence
10%
aermec uk limited directors
Aermec Uk Limited currently has 2 directors.
The longest serving directors include
Mr Paul Lawrence (Apr 2017) and
Mr Michele Gioachin (Mar 2019).
43220 - Plumbing, heat and air-conditioning installation
incorporation date
October 1995
age
30
incorporated
UK
ultimate parent company
GIORDANO RIELLO INTERNATIONAL GROUP SPA
accounts
Full Accounts
last accounts submitted
December 2023
previous names
aiax (a.c.) limited (July 2008)
accountant
-
auditor
BARNES ROFFE LLP
address
charles lake house, claire causeway, dartford, kent, DA2 6QA
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
aermec uk 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 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 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 AERMEC UK LIMITED. This can take several minutes, an email will notify you when this has completed.
aermec uk limitedCompanies House Filings - See Documents
