Pomanda estimates the enterprise value of CASTLE AIR LIMITED at £47.7m based on a Turnover of £52.2m and 0.91x industry multiple (adjusted for size and gross margin).
castle air limitedEstimated Valuation
£37.9m
Pomanda estimates the enterprise value of CASTLE AIR LIMITED at £37.9m based on an EBITDA of £5.6m and a 6.8x industry multiple (adjusted for size and gross margin).
castle air limitedEstimated Valuation
£28m
Pomanda estimates the enterprise value of CASTLE AIR LIMITED at £28m based on Net Assets of £11.7m and 2.39x industry multiple (adjusted for liquidity).
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Castle Air LimitedOverview
Castle Air Limited is a live company located in liskeard, PL14 3PX with a Companies House number of 03188994. It operates in the repair and maintenance of aircraft and spacecraft sector, SIC Code 33160. Founded in April 1996, it's largest shareholder is
roy stanley flood
with a 50% stake. Castle Air Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£52.2m with
high
growth in recent years.
Pomanda's financial health check has awarded Castle Air Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
4 Regular
2 Weak
Size
annual sales of £52.2m, make it larger than the average company (£14.4m)
£52.2m - Castle Air Limited
£14.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (3.1%)
26% - Castle Air Limited
3.1% - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (24.1%)
17.7% - Castle Air Limited
24.1% - Industry AVG
Profitability
an operating margin of 9.7% make it more profitable than the average company (5.7%)
9.7% - Castle Air Limited
5.7% - Industry AVG
Employees
with 101 employees, this is above the industry average (60)
101 - Castle Air Limited
60 - Industry AVG
Pay Structure
on an average salary of £60.9k, the company has an equivalent pay structure (£53.4k)
£60.9k - Castle Air Limited
£53.4k - Industry AVG
Efficiency
resulting in sales per employee of £517.2k, this is more efficient (£238.8k)
£517.2k - Castle Air Limited
£238.8k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (41 days)
47 days - Castle Air Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is close to average (29 days)
31 days - Castle Air Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 178 days, this is more than average (51 days)
178 days - Castle Air Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is more cash available to meet short term requirements (13 weeks)
19 weeks - Castle Air Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.5%, this is a similar level of debt than the average (67.9%)
73.5% - Castle Air Limited
67.9% - Industry AVG
CASTLE AIR LIMITED financials
EXPORT
Castle Air Limited's latest turnover from November 2023 is £52.2 million and the company has net assets of £11.7 million. According to their latest financial statements, Castle Air Limited has 101 employees and maintains cash reserves of £8.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Turnover
52,232,898
35,746,776
33,916,878
26,398,276
28,570,640
30,424,843
22,880,872
17,094,714
13,417,406
13,601,300
10,199,476
11,649,701
9,168,818
8,604,268
10,137,569
Other Income Or Grants
Cost Of Sales
42,993,442
29,431,617
28,474,865
23,030,454
23,979,751
27,012,610
21,048,908
14,069,332
10,874,349
11,495,821
7,558,902
8,630,669
6,698,317
6,267,432
7,424,271
Gross Profit
9,239,456
6,315,159
5,442,013
3,367,822
4,590,889
3,412,233
1,831,964
3,025,382
2,543,057
2,105,479
2,640,574
3,019,032
2,470,501
2,336,836
2,713,298
Admin Expenses
4,161,832
3,021,109
2,101,821
2,095,923
2,335,640
3,230,936
1,634,377
3,847,128
1,544,853
2,316,475
1,671,477
1,022,786
254,571
1,574,136
1,390,835
Operating Profit
5,077,624
3,294,050
3,340,192
1,271,899
2,255,249
181,297
197,587
-821,746
998,204
-210,996
969,097
1,996,246
2,215,930
762,700
1,322,463
Interest Payable
1,418,360
572,362
402,224
645,760
914,310
641,257
636,160
441,135
438,835
506,166
373,227
563,732
645,157
256,605
38,688
Interest Receivable
3,784
116
Pre-Tax Profit
3,663,048
2,721,688
2,937,968
626,139
1,569,832
1,266,336
-438,573
-1,262,881
559,667
451,134
759,556
1,432,514
1,570,773
506,211
1,283,775
Tax
-855,561
-459,806
-571,289
-151,184
-358,685
95,323
58,919
252,366
-81,634
-4,758
-173,606
-383,603
-423,620
-160,177
-392,584
Profit After Tax
2,807,487
2,261,882
2,366,679
474,955
1,211,147
1,361,659
-379,654
-1,010,515
478,033
446,376
585,950
1,048,911
1,147,153
346,034
891,191
Dividends Paid
264,794
167,392
210,419
144,995
54,137
44,064
42,561
42,060
62,913
Retained Profit
2,542,693
2,094,490
2,156,260
329,960
1,157,010
1,317,595
-422,215
-1,052,575
415,120
446,376
585,950
1,048,911
1,147,153
346,034
891,191
Employee Costs
6,152,734
4,944,328
4,143,507
3,516,016
3,964,898
4,575,629
3,717,604
3,425,741
2,416,447
2,154,286
1,734,433
1,981,994
1,539,329
1,148,711
1,078,067
Number Of Employees
101
92
83
80
84
83
79
72
53
44
41
44
38
29
29
EBITDA*
5,582,354
3,800,886
3,827,359
1,815,720
3,034,349
820,274
797,553
-526,929
1,296,075
148,734
1,330,636
2,653,183
3,020,483
1,110,620
1,563,797
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Tangible Assets
5,995,309
5,664,434
5,947,277
4,025,700
5,147,777
6,426,349
6,696,369
6,206,996
6,637,601
7,874,711
12,077,375
10,381,540
10,853,845
8,444,483
3,810,948
Intangible Assets
143,818
161,795
32,751
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
5,995,309
5,664,434
5,947,277
4,025,700
5,147,777
6,570,167
6,858,164
6,239,747
6,637,601
7,874,711
12,077,375
10,381,540
10,853,845
8,444,483
3,810,948
Stock & work in progress
20,973,634
23,613,870
14,509,997
13,350,074
18,844,973
12,581,410
11,750,100
12,007,576
13,971,171
11,512,774
8,863,226
9,225,347
8,871,732
4,924,254
8,195,709
Trade Debtors
6,843,963
4,879,257
4,062,917
6,757,165
4,100,567
3,663,419
3,950,060
3,747,870
1,142,792
2,936,893
818,988
818,035
2,954,359
939,373
522,007
Group Debtors
Misc Debtors
2,214,624
1,681,755
1,517,073
1,175,268
1,408,377
1,472,025
1,367,279
1,325,076
396,970
372,937
303,505
370,592
281,249
1,828,184
113,738
Cash
8,163,097
6,986,523
3,472,800
7,247,462
7,784,874
5,190,005
7,617,816
6,077,225
4,843,697
2,399,941
3,271,177
3,103,298
6,593,364
3,791,412
631,967
misc current assets
1,278,020
1,278,020
1,484,334
total current assets
38,195,318
37,161,405
23,562,787
28,529,969
32,138,791
22,906,859
24,685,255
23,157,747
20,354,630
18,500,565
14,534,916
15,001,606
18,700,704
11,483,223
9,463,421
total assets
44,190,627
42,825,839
29,510,064
32,555,669
37,286,568
29,477,026
31,543,419
29,397,494
26,992,231
26,375,276
26,612,291
25,383,146
29,554,549
19,927,706
13,274,369
Bank overdraft
6,466,540
6,760,002
4,546,206
10,151,151
16,183,499
8,379,356
10,932,486
8,652,504
5,880,589
7,470,250
5,991,217
3,727,610
10,025,617
2,387,233
Bank loan
424,232
691,868
1,070,302
5,426,343
10,281,798
1,817,191
Trade Creditors
3,713,952
1,813,738
2,117,159
3,176,092
1,223,912
1,502,179
976,416
541,604
362,318
313,518
637,103
293,755
451,340
303,188
273,690
Group/Directors Accounts
1,862,401
3,182,195
3,730,363
1,397,146
3,184,848
3,704,751
1,755,585
1,429,240
other short term finances
1,466,282
1,708,245
1,933,028
hp & lease commitments
19,150
19,150
19,150
17,600
17,600
other current liabilities
9,619,726
8,242,279
6,272,045
6,158,513
8,555,634
6,469,515
6,318,755
7,101,729
5,196,724
1,168,849
539,393
904,190
1,251,958
750,975
442,461
total current liabilities
22,106,001
20,709,232
16,684,923
20,900,502
25,980,645
16,351,050
19,693,939
18,004,082
13,372,659
12,137,465
10,872,464
7,751,442
17,155,258
11,335,961
6,349,815
loans
10,303,486
12,872,684
5,637,873
3,077,224
2,447,977
5,498,608
5,444,384
4,490,354
5,055,896
6,157,812
8,171,541
7,667,895
3,803,024
1,195,279
hp & lease commitments
52,100
52,100
52,100
72,800
90,400
Accruals and Deferred Income
other liabilities
provisions
18,045
23,521
61,266
69,878
137,241
154,073
249,396
325,143
588,866
520,309
454,972
341,945
257,314
204,666
78,788
total long term liabilities
10,373,631
12,948,305
5,751,239
3,219,902
2,675,618
5,652,681
5,693,780
4,815,497
5,644,762
6,678,121
8,626,513
8,009,840
4,060,338
1,399,945
78,788
total liabilities
32,479,632
33,657,537
22,436,162
24,120,404
28,656,263
22,003,731
25,387,719
22,819,579
19,017,421
18,815,586
19,498,977
15,761,282
21,215,596
12,735,906
6,428,603
net assets
11,710,995
9,168,302
7,073,902
8,435,265
8,630,305
7,473,295
6,155,700
6,577,915
7,974,810
7,559,690
7,113,314
9,621,864
8,338,953
7,191,800
6,845,766
total shareholders funds
11,710,995
9,168,302
7,073,902
8,435,265
8,630,305
7,473,295
6,155,700
6,577,915
7,974,810
7,559,690
7,113,314
9,621,864
8,338,953
7,191,800
6,845,766
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Operating Activities
Operating Profit
5,077,624
3,294,050
3,340,192
1,271,899
2,255,249
181,297
197,587
-821,746
998,204
-210,996
969,097
1,996,246
2,215,930
762,700
1,322,463
Depreciation
504,730
506,836
406,422
463,001
635,282
621,000
581,989
294,817
297,871
359,730
361,539
656,937
804,553
347,920
241,334
Amortisation
80,745
80,820
143,818
17,977
17,977
Tax
-855,561
-459,806
-571,289
-151,184
-358,685
95,323
58,919
252,366
-81,634
-4,758
-173,606
-383,603
-423,620
-160,177
-392,584
Stock
-2,640,236
9,103,873
1,159,923
-5,494,899
6,263,563
831,310
-257,476
-1,963,595
2,458,397
2,649,548
-362,121
353,615
3,947,478
-3,271,455
8,195,709
Debtors
2,497,575
981,022
-2,352,443
2,423,489
373,500
-181,895
244,393
3,533,184
-1,770,068
2,187,337
-66,134
-2,046,981
468,051
2,131,812
635,745
Creditors
1,900,214
-303,421
-1,058,933
1,952,180
-278,267
525,763
434,812
179,286
48,800
-323,585
343,348
-157,585
148,152
29,498
273,690
Accruals and Deferred Income
1,377,447
1,970,234
113,532
-2,397,121
2,086,119
150,760
-782,974
1,905,005
4,027,875
629,456
-364,797
-347,768
500,983
308,514
442,461
Deferred Taxes & Provisions
-5,476
-37,745
-8,612
-67,363
-16,832
-95,323
-75,747
-263,723
68,557
65,337
113,027
84,631
52,648
125,878
78,788
Cash flow from operations
8,141,639
-5,114,747
3,494,577
4,223,642
-2,170,379
847,382
445,646
-23,584
4,671,344
-4,321,701
1,676,863
3,542,224
-1,116,883
2,553,976
-6,865,302
Investing Activities
capital expenditure
-322,136
243,649
672,812
2,702,524
5,024,115
-1,682,107
-1,431,265
-3,213,915
-4,985,157
-1,553,762
Change in Investments
cash flow from investments
-322,136
243,649
672,812
2,702,524
5,024,115
-1,682,107
-1,431,265
-3,213,915
-4,985,157
-1,553,762
Financing Activities
Bank loans
-267,636
691,868
-1,070,302
-4,356,041
-4,855,455
8,464,607
1,817,191
Group/Directors Accounts
-1,319,794
-548,168
2,333,217
1,397,146
-3,184,848
-519,903
1,949,166
1,755,585
-1,429,240
1,429,240
Other Short Term Loans
-1,466,282
-241,963
-224,783
1,933,028
Long term loans
-2,569,198
7,234,811
2,560,649
629,247
-3,050,631
54,224
954,030
-565,542
-1,101,916
-2,013,729
503,646
3,864,871
2,607,745
1,195,279
Hire Purchase and Lease Commitments
-19,150
-17,600
108,000
other long term liabilities
share issue
-90
-3,517,623
-525,000
-344,320
-3,094,500
234,000
5,954,575
interest
-1,414,576
-572,362
-402,224
-645,760
-914,310
-641,257
-636,160
-441,135
-438,835
-506,166
-373,227
-563,732
-645,157
-256,489
-38,688
cash flow from financing
-5,571,204
6,806,059
954,869
838,033
-3,856,941
-2,053,315
75,907
-1,575,780
-2,792,571
-3,039,798
-2,085,217
934,683
-2,892,867
7,974,157
9,162,318
cash and cash equivalents
cash
1,176,574
3,513,723
-3,774,662
-537,412
2,594,869
-2,427,811
1,540,591
1,233,528
2,443,756
-871,236
167,879
-3,490,066
2,801,952
3,159,445
631,967
overdraft
-293,462
2,213,796
-5,604,945
-6,032,348
7,804,143
-2,553,130
2,279,982
2,771,915
-1,589,661
1,479,033
2,263,607
-6,298,007
10,025,617
-2,387,233
2,387,233
change in cash
1,470,036
1,299,927
1,830,283
5,494,936
-5,209,274
125,319
-739,391
-1,538,387
4,033,417
-2,350,269
-2,095,728
2,807,941
-7,223,665
5,546,678
-1,755,266
castle air 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 castle air limited. Get real-time insights into castle air limited's credit score, group structure and payment trends.
Perform a competitor analysis for castle air limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in PL14 area or any other competitors across 12 key performance metrics.
52230 - Service activities incidental to air transportation
51102 - Non-scheduled passenger air transport
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
incorporation date
April 1996
age
29
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
November 2023
previous names
castle air charters limited (February 2011)
broadbreak limited (January 1997)
accountant
-
auditor
WESTCOTTS (SW) LLP
address
castle air limited head office, trebrown, liskeard, cornwall, PL14 3PX
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
castle air 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 89 charges/mortgages relating to castle air limited. Currently there are 18 open charges and 71 have been satisfied in the past.
castle air 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 CASTLE AIR LIMITED. This can take several minutes, an email will notify you when this has completed.
castle air limitedCompanies House Filings - See Documents
