Absolute Zero Air Conditioning Limited

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absolute zero air conditioning limited Company Information

Live

MatureMicroDeclining

Company Number

03243025

Website

http://azac.co.uk

Registered Address

the gatehouse gatehouse way, aylesbury, buckinghamshire, HP19 8DB

Industry

Plumbing, heat and air-conditioning installation

Telephone

08450944199

Next Accounts Due

March 2025

Group Structure

View All

Directors

Stephen Hurst28 Years

Shareholders

stephen hurst 100%

absolute zero air conditioning limited Estimated Valuation

£119.1k

Pomanda estimates the enterprise value of ABSOLUTE ZERO AIR CONDITIONING LIMITED at £119.1k based on Net Assets of £38k and 3.13x industry multiple (adjusted for liquidity).

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Absolute Zero Air Conditioning Limited is a live company located in buckinghamshire, HP19 8DB with a Companies House number of 03243025. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in August 1996, it's largest shareholder is stephen hurst with a 100% stake. Absolute Zero Air Conditioning Limited is a mature, micro sized company, Pomanda has estimated its turnover at £209.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Absolute Zero Air Conditioning Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £209.3k, make it smaller than the average company (£355.3k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.6%)

EXPORT

Absolute Zero Air Conditioning Limited's latest turnover from June 2023 is estimated at £209.3 thousand and the company has net assets of £38 thousand. According to their latest financial statements, Absolute Zero Air Conditioning Limited has 2 employees and maintains cash reserves of £126 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	209,295	355,342	205,307	211,890	230,240	406,370	398,180	328,173	436,498	558,674	899,038	308,269	357,149	1,112,241
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	153,098	250,521	147,643	147,413	154,207	273,178	258,900	212,047	288,723	355,138	557,107	190,076	218,528	648,572
Gross Profit	56,197	104,822	57,663	64,477	76,033	133,192	139,280	116,127	147,775	203,535	341,931	118,193	138,621	463,669
Admin Expenses	81,489	75,193	50,980	46,607	84,271	114,172	152,677	123,784	161,860	196,032	225,050	116,598	207,625	431,349
Operating Profit	-25,292	29,629	6,683	17,870	-8,238	19,020	-13,397	-7,657	-14,085	7,503	116,881	1,595	-69,004	32,320
Interest Payable	656	410	60	0	772	1,389	892	283	0	0	0	0	0	0
Interest Receivable	5	1	6	8	15	1	0	0	21	21	17	17	1	1
Pre-Tax Profit	-25,942	29,220	6,628	17,878	-8,995	17,632	-14,289	-7,939	-14,064	7,524	116,897	1,612	-69,003	32,321
Tax	0	-5,552	-1,259	-3,397	0	-3,350	0	0	0	-1,580	-26,886	-387	0	-9,050
Profit After Tax	-25,942	23,668	5,369	14,481	-8,995	14,282	-14,289	-7,939	-14,064	5,944	90,011	1,225	-69,003	23,271
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-25,942	23,668	5,369	14,481	-8,995	14,282	-14,289	-7,939	-14,064	5,944	90,011	1,225	-69,003	23,271
Employee Costs	65,538	65,282	66,229	66,212	69,231	140,862	132,551	109,550	142,037	141,320	247,363	103,402	138,862	353,119
Number Of Employees	2	2	2	2	2	4	4	3	4	4	7	3	4	11
EBITDA*	-24,091	31,054	8,201	19,370	-6,259	21,659	-9,466	736	-9,198	13,775	118,946	4,465	-65,019	37,843

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	2,062	3,263	4,688	4,979	5,938	7,917	11,793	22,996	13,206	18,093	6,191	8,611	11,954	16,571
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,062	3,263	4,688	4,979	5,938	7,917	11,793	22,996	13,206	18,093	6,191	8,611	11,954	16,571
Stock & work in progress	5,000	3,500	3,500	3,500	3,500	3,500	3,500	2,996	2,996	2,996	2,909	2,706	2,706	2,706
Trade Debtors	52,577	106,727	58,766	49,280	54,800	102,491	81,899	77,278	84,775	106,043	158,634	32,336	40,385	178,718
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	654	400	0	40	42	45	63	676	0	0	0	0	0	0
Cash	126	86	86	11,423	3,930	89	222	89	89	8,480	89	6,591	89	422
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	58,357	110,713	62,352	64,243	62,272	106,125	85,684	81,039	87,860	117,519	161,632	41,633	43,180	181,846
total assets	60,419	113,976	67,040	69,222	68,210	114,042	97,477	104,035	101,066	135,612	167,823	50,244	55,134	198,417
Bank overdraft	0	0	0	0	0	22,876	19,863	8,695	0	0	0	0	0	0
Bank loan	2,588	9,332	1,977	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	9,156	20,879	4,026	4,908	14,511	12,135	15,043	8,430	53,325	71,422	122,317	94,749	100,864	175,144
Group/Directors Accounts	0	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
hp & lease commitments	0	0	0	1,213	3,300	3,300	3,096	6,343	0	0	0	0	0	0
other current liabilities	10,655	19,802	20,742	28,175	28,537	41,574	36,300	32,037	0	0	0	0	0	0
total current liabilities	22,399	50,013	26,745	34,296	46,348	79,885	74,302	55,505	53,325	71,422	122,317	94,749	100,864	175,144
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,417	4,717	8,017	19,083	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	10,355	12,740	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	1,417	4,717	8,017	19,083	10,355	12,740	0	0	0	0
total liabilities	22,399	50,013	26,745	34,296	47,765	84,602	82,319	74,588	63,680	84,162	122,317	94,749	100,864	175,144
net assets	38,020	63,963	40,295	34,926	20,445	29,440	15,158	29,447	37,386	51,450	45,506	-44,505	-45,730	23,273
total shareholders funds	38,020	63,963	40,295	34,926	20,445	29,440	15,158	29,447	37,386	51,450	45,506	-44,505	-45,730	23,273

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-25,292	29,629	6,683	17,870	-8,238	19,020	-13,397	-7,657	-14,085	7,503	116,881	1,595	-69,004	32,320
Depreciation	1,201	1,425	1,518	1,500	1,979	2,639	3,931	8,393	4,887	6,272	2,065	2,870	3,985	5,523
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,552	-1,259	-3,397	0	-3,350	0	0	0	-1,580	-26,886	-387	0	-9,050
Stock	1,500	0	0	0	0	0	504	0	0	87	203	0	0	2,706
Debtors	-53,896	48,361	9,446	-5,522	-47,694	20,574	4,008	-6,821	-21,268	-52,591	126,298	-8,049	-138,333	178,718
Creditors	-11,723	16,853	-882	-9,603	2,376	-2,908	6,613	-44,895	-18,097	-50,895	27,568	-6,115	-74,280	175,144
Accruals and Deferred Income	-9,147	-940	-7,433	-362	-13,037	5,274	4,263	32,037	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	7,435	-6,946	-10,819	11,530	30,774	101	-3,102	-5,301	-6,027	13,804	-6,873	6,012	-966	22,513
Investing Activities
capital expenditure	0	0	-1,227	-541	0	1,237	7,272	-18,183	0	-18,174	355	473	632	-22,094
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,227	-541	0	1,237	7,272	-18,183	0	-18,174	355	473	632	-22,094
Financing Activities
Bank loans	-6,744	7,355	1,977	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-1,213	-3,504	-3,300	-3,096	-14,313	25,426	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-10,355	-2,385	12,740	0	0	0	0
share issue	-1	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	-651	-409	-54	8	-757	-1,388	-892	-283	21	21	17	17	1	1
cash flow from financing	-7,396	6,946	710	-3,496	-4,057	-4,484	-15,205	14,788	-2,364	12,761	17	17	1	3
cash and cash equivalents
cash	40	0	-11,337	7,493	3,841	-133	133	0	-8,391	8,391	-6,502	6,502	-333	422
overdraft	0	0	0	0	-22,876	3,013	11,168	8,695	0	0	0	0	0	0
change in cash	40	0	-11,337	7,493	26,717	-3,146	-11,035	-8,695	-8,391	8,391	-6,502	6,502	-333	422

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABSOLUTE ZERO AIR CONDITIONING LIMITED group structure

Absolute Zero Air Conditioning Limited has no subsidiary companies.

Ultimate parent company

ABSOLUTE ZERO AIR CONDITIONING LIMITED

03243025

ABSOLUTE ZERO AIR CONDITIONING LIMITED Shareholders

stephen hurst

100%

Absolute Zero Air Conditioning Limited currently has 1 director, Mr Stephen Hurst serving since Sep 1996.

officer	country	age	start	end	role
Mr Stephen Hurst	United Kingdom	58 years	Sep 1996	-	Director

P&L

June 2023

turnover

209.3k

-41%

operating profit

-25.3k

gross margin

26.9%

-8.98%

turnover

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

Balance Sheet

June 2023

net assets

38k

-0.41%

total assets

60.4k

-0.47%

cash

126

+0.47%

net assets

Total assets minus all liabilities

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company number

03243025

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

August 1996

ultimate parent company

None

previous names

thames valley temperature control limited (December 2006)

address

the gatehouse gatehouse way, aylesbury, buckinghamshire, HP19 8DB

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 absolute zero air conditioning limited. Currently there are 1 open charges and 0 have been satisfied in the past.

absolute zero air conditioning limited Company Information

absolute zero air conditioning limited Estimated Valuation

absolute zero air conditioning limited Estimated Valuation

absolute zero air conditioning limited Estimated Valuation

Absolute Zero Air Conditioning Limited Overview

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ABSOLUTE ZERO AIR CONDITIONING LIMITED financials

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