air harrods limited

air harrods limited Company Information

Share AIR HARRODS LIMITED
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MatureSmallRapid

Company Number

03165147

Industry

Non-scheduled passenger air transport

 

Directors

Paul Norton

Michael Ward

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Shareholders

harrods aviation limited

Group Structure

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Contact

Registered Address

87-135 brompton road, knightsbridge, london, SW1X 7XL

air harrods limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of AIR HARRODS LIMITED at £1.5m based on a Turnover of £3.3m and 0.46x industry multiple (adjusted for size and gross margin).

air harrods limited Estimated Valuation

£0

Pomanda estimates the enterprise value of AIR HARRODS LIMITED at £0 based on an EBITDA of £-18k and a 2.35x industry multiple (adjusted for size and gross margin).

air harrods limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of AIR HARRODS LIMITED at £1.6m based on Net Assets of £637k and 2.55x industry multiple (adjusted for liquidity).

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Air Harrods Limited Overview

Air Harrods Limited is a live company located in london, SW1X 7XL with a Companies House number of 03165147. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in February 1996, it's largest shareholder is harrods aviation limited with a 100% stake. Air Harrods Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.

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Air Harrods Limited Health Check

Pomanda's financial health check has awarded Air Harrods Limited a 4 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 Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £3.3m, make it smaller than the average company (£8.3m)

£3.3m - Air Harrods Limited

£8.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (9.1%)

35% - Air Harrods Limited

9.1% - Industry AVG

production

Production

with a gross margin of 8.3%, this company has a higher cost of product (19.5%)

8.3% - Air Harrods Limited

19.5% - Industry AVG

profitability

Profitability

an operating margin of -0.7% make it less profitable than the average company (2.3%)

-0.7% - Air Harrods Limited

2.3% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (57)

10 - Air Harrods Limited

57 - Industry AVG

paystructure

Pay Structure

on an average salary of £126.6k, the company has a higher pay structure (£60.5k)

£126.6k - Air Harrods Limited

£60.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £332.6k, this is more efficient (£278.8k)

£332.6k - Air Harrods Limited

£278.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (31 days)

34 days - Air Harrods Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (33 days)

1 days - Air Harrods Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Air Harrods Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (4 weeks)

61 weeks - Air Harrods Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.5%, this is a lower level of debt than the average (84.8%)

37.5% - Air Harrods Limited

84.8% - Industry AVG

AIR HARRODS LIMITED financials

EXPORTms excel logo

Air Harrods Limited's latest turnover from February 2024 is £3.3 million and the company has net assets of £637 thousand. According to their latest financial statements, Air Harrods Limited has 10 employees and maintains cash reserves of £454 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Jan 2023Jan 2022Jan 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Feb 2014Feb 2013Jan 2012Jan 2011Jan 2010
Turnover3,326,0002,752,0002,006,0001,339,0001,627,0001,871,0001,882,0002,108,0001,984,0002,310,0001,831,0003,430,0003,228,0002,966,0002,723,000
Other Income Or Grants000000000000000
Cost Of Sales3,050,0002,507,0001,718,0001,256,0001,496,0001,872,0001,710,0002,306,0003,700,0004,179,0004,145,0005,125,0005,462,0005,854,0005,517,000
Gross Profit276,000245,000288,00083,000131,000-1,000172,000-198,000-1,716,000-1,869,000-2,314,000-1,695,000-2,234,000-2,888,000-2,794,000
Admin Expenses298,00051,00058,00030,00098,00091,00069,00062,000224,000212,000346,000617,000330,000343,000386,000
Operating Profit-22,000194,000230,00053,00033,000-92,000103,000-260,000-1,940,000-2,081,000-2,660,000-2,312,000-2,564,000-3,231,000-3,180,000
Interest Payable000001,567,0001,520,00001,241,0001,288,0001,105,000824,000642,000533,000451,000
Interest Receivable78,00031,0008,00012,00015,000128,0002,000240,000127,000100,0001,000031,00031,00045,000
Pre-Tax Profit56,000225,000238,00065,00048,000-1,531,000-1,664,000-1,359,000-3,054,000-3,041,000-3,764,000-3,136,000-3,175,000-3,733,000-3,888,000
Tax-12,000-60,000-46,000-18,000-9,000292,000322,000272,000671,000591,000915,000790,000863,0001,069,0001,099,000
Profit After Tax44,000165,000192,00047,00039,000-1,239,000-1,342,000-1,087,000-2,383,000-2,450,000-2,849,000-2,346,000-2,312,000-2,664,000-2,789,000
Dividends Paid1,000,00000000000000000
Retained Profit-956,000165,000192,00047,00039,000-1,239,000-1,342,000-1,087,000-2,383,000-2,450,000-2,849,000-2,346,000-2,312,000-2,664,000-2,789,000
Employee Costs1,266,0001,141,000898,000971,0001,110,0001,223,0001,221,0001,205,0001,065,0001,138,0001,367,0001,408,0001,079,0001,039,000955,000
Number Of Employees10109101111121212121412121111
EBITDA*-18,000196,000231,00054,00034,000-91,000103,000-259,000-1,909,000-1,663,000-2,542,000-2,193,000-2,447,000-3,113,000-3,061,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Jan 2023Jan 2022Jan 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Feb 2014Feb 2013Jan 2012Jan 2011Jan 2010
Tangible Assets6,00010,0002,0003,0003,0001,0002,0002,0003,0002,569,0002,988,0003,103,0003,207,0003,319,0003,436,000
Intangible Assets000000000000000
Investments & Other185,000342,000609,000382,000450,000413,00048,0000113,0000000095,000
Debtors (Due After 1 year)00000304,000345,000279,000417,000000000
Total Fixed Assets191,000352,000611,000385,000453,000718,000395,000281,000533,0002,569,0002,988,0003,103,0003,207,0003,319,0003,531,000
Stock & work in progress000000000000000
Trade Debtors316,000460,00087,000440,000353,000174,000262,000299,000393,0003,095,000586,000219,000205,000226,000296,000
Group Debtors21,000000000000903,000779,000877,0001,086,0001,152,000
Misc Debtors37,0005,00013,0003,0006,00022,0001,702,0001,976,0001,701,000715,0002,695,0002,929,0003,017,0002,984,0002,858,000
Cash454,0001,237,0001,273,000637,000671,000561,00040,0001,144,000160,000107,00064,000437,000148,00079,000112,000
misc current assets000000000000000
total current assets828,0001,702,0001,373,0001,080,0001,030,000757,0002,004,0003,419,0002,254,0003,917,0004,248,0004,364,0004,247,0004,375,0004,418,000
total assets1,019,0002,054,0001,984,0001,465,0001,483,0001,475,0002,399,0003,700,0002,787,0006,486,0007,236,0007,467,0007,454,0007,694,0007,949,000
Bank overdraft000000000000000
Bank loan000000000386,000386,000338,0001,410,000338,000338,000
Trade Creditors 9,00083,0002,0003,0005,00002,00030,00027,00058,000102,000110,000484,000274,000247,000
Group/Directors Accounts107,00087,00057,00011,0004,0000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities266,000296,000247,000189,000192,000256,000190,000219,000179,000359,000202,000507,000353,000425,000419,000
total current liabilities382,000466,000306,000203,000201,000256,000192,000249,000206,000803,000690,000955,0002,247,0001,037,0001,004,000
loans00000021,621,00020,363,00017,475,00017,597,00015,546,00012,609,0008,898,0008,580,0007,355,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000444,0001,540,0002,332,0002,968,0003,360,0003,382,0003,412,0002,834,0001,537,000
total long term liabilities00000022,065,00021,974,00019,807,00020,609,00018,906,00015,991,00012,310,00011,414,0008,892,000
total liabilities382,000466,000306,000203,000201,000256,00022,257,00022,223,00020,013,00021,412,00019,596,00016,946,00014,557,00012,451,0009,896,000
net assets637,0001,588,0001,678,0001,262,0001,282,0001,219,000-19,858,000-18,523,000-17,226,000-14,926,000-12,360,000-9,479,000-7,103,000-4,757,000-1,947,000
total shareholders funds637,0001,588,0001,678,0001,262,0001,282,0001,219,000-19,858,000-18,523,000-17,226,000-14,926,000-12,360,000-9,479,000-7,103,000-4,757,000-1,947,000
Feb 2024Jan 2023Jan 2022Jan 2021Feb 2020Feb 2019Feb 2018Jan 2017Jan 2016Jan 2015Feb 2014Feb 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit-22,000194,000230,00053,00033,000-92,000103,000-260,000-1,940,000-2,081,000-2,660,000-2,312,000-2,564,000-3,231,000-3,180,000
Depreciation4,0002,0001,0001,0001,0001,00001,00031,000418,000118,000119,000117,000118,000119,000
Amortisation000000000000000
Tax-12,000-60,000-46,000-18,000-9,000292,000322,000272,000671,000591,000915,000790,000863,0001,069,0001,099,000
Stock000000000000000
Debtors-91,000365,000-343,00084,000-141,000-1,809,000-245,00043,000-1,299,000-374,000257,000-172,000-197,000-10,0004,306,000
Creditors-74,00081,000-1,000-2,0005,000-2,000-28,0003,000-31,000-44,000-8,000-374,000210,00027,000247,000
Accruals and Deferred Income-30,00049,00058,000-3,000-64,00066,000-29,00040,000-180,000157,000-305,000154,000-72,0006,000419,000
Deferred Taxes & Provisions00000-444,000-1,096,000-792,000-636,000-392,000-22,000-30,000578,0001,297,0001,537,000
Cash flow from operations-43,000-99,000585,000-53,000107,0001,630,000-483,000-779,000-786,000-977,000-2,219,000-1,481,000-671,000-704,000-4,065,000
Investing Activities
capital expenditure0-10,0000-1,000-3,0000002,535,0001,000-3,000-15,000-5,000-1,000-3,555,000
Change in Investments-157,000-267,000227,000-68,00037,000365,00048,000-113,000113,0000000-95,00095,000
cash flow from investments157,000257,000-227,00067,000-40,000-365,000-48,000113,0002,422,0001,000-3,000-15,000-5,00094,000-3,650,000
Financing Activities
Bank loans00000000-386,000048,000-1,072,0001,072,0000338,000
Group/Directors Accounts20,00030,00046,0007,0004,0000000000000
Other Short Term Loans 000000000000000
Long term loans00000-21,621,0001,258,0002,888,000-122,0002,051,0002,937,0003,711,000318,0001,225,0007,355,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue5,000-255,000224,000-67,00024,00022,316,0007,000-210,00083,000-116,000-32,000-30,000-34,000-146,000842,000
interest78,00031,0008,00012,00015,000-1,439,000-1,518,000240,000-1,114,000-1,188,000-1,104,000-824,000-611,000-502,000-406,000
cash flow from financing103,000-194,000278,000-48,00043,000-744,000-253,0002,918,000-1,539,000747,0001,849,0001,785,000745,000577,0008,129,000
cash and cash equivalents
cash-783,000-36,000636,000-34,000110,000521,000-1,104,000984,00053,00043,000-373,000289,00069,000-33,000112,000
overdraft000000000000000
change in cash-783,000-36,000636,000-34,000110,000521,000-1,104,000984,00053,00043,000-373,000289,00069,000-33,000112,000

air harrods limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Air Harrods Limited Competitor Analysis

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Perform a competitor analysis for air harrods limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in SW1X area or any other competitors across 12 key performance metrics.

air harrods limited Ownership

AIR HARRODS LIMITED group structure

Air Harrods Limited has no subsidiary companies.

Ultimate parent company

QATAR HOLDING LLC

#0128185

2 parents

AIR HARRODS LIMITED

03165147

AIR HARRODS LIMITED Shareholders

harrods aviation limited 100%

air harrods limited directors

Air Harrods Limited currently has 5 directors. The longest serving directors include Mr Paul Norton (Jun 2007) and Mr Michael Ward (Jun 2014).

officercountryagestartendrole
Mr Paul NortonEngland58 years Jun 2007- Director
Mr Michael Ward68 years Jun 2014- Director
Mr Andrew SpurwayEngland58 years Feb 2022- Director
Ms Dawn Seager62 years Feb 2022- Director
Mr Timothy Parker44 years Jul 2022- Director

P&L

February 2024

turnover

3.3m

+21%

operating profit

-22k

-111%

gross margin

8.3%

-6.79%

turnover

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

Balance Sheet

February 2024

net assets

637k

-0.6%

total assets

1m

-0.5%

cash

454k

-0.63%

net assets

Total assets minus all liabilities

air harrods limited company details

company number

03165147

Type

Private limited with Share Capital

industry

51102 - Non-scheduled passenger air transport

incorporation date

February 1996

age

28

incorporated

UK

ultimate parent company

QATAR HOLDING LLC

accounts

Audit Exemption Subsidiary

last accounts submitted

February 2024

previous names

precis (1417) limited (April 1996)

accountant

-

auditor

-

address

87-135 brompton road, knightsbridge, london, SW1X 7XL

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

air harrods 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 11 charges/mortgages relating to air harrods limited. Currently there are 0 open charges and 11 have been satisfied in the past.

air harrods 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.

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air harrods limited Companies House Filings - See Documents

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