Ae Aerospace Ltd

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ae aerospace ltd Company Information

Dissolved

Company Number

03286967

Next Accounts

Jan 2025

Industry

Manufacture of air and spacecraft and related machinery

Directors

Andrew Masters

Peter Bruch

Shareholders

ti dos aerospace ltd

Group Structure

View All

Contact

Registered Address

8th floor one temple row, birmingham, B2 5LG

Website

www.aeaerospace.com

ae aerospace ltd Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of AE AEROSPACE LTD at £4.8m based on a Turnover of £7m and 0.68x industry multiple (adjusted for size and gross margin).

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Ae Aerospace Ltd is a dissolved company that was located in birmingham, B2 5LG with a Companies House number of 03286967. It operated in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in December 1996, it's largest shareholder was ti dos aerospace ltd with a 100% stake. The last turnover for Ae Aerospace Ltd was estimated at £7m.

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Pomanda's financial health check has awarded Ae Aerospace Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £7m, make it in line with the average company (£8.4m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (5.4%)

EXPORT

Ae Aerospace Ltd's latest turnover from September 2019 is estimated at £7 million and the company has net assets of £1.4 million. According to their latest financial statements, Ae Aerospace Ltd has 67 employees and maintains cash reserves of £30.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	6,996,654	5,360,667	3,301,827	2,859,274	1,964,556	2,496,373	2,086,855	1,208,738	1,441,189	1,202,627
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,188,036	3,956,584	2,390,872	2,100,411	1,465,865	1,898,040	1,583,446	887,437	1,049,258	896,787
Gross Profit	1,808,618	1,404,083	910,955	758,863	498,690	598,332	503,409	321,301	391,931	305,840
Admin Expenses	1,529,536	1,230,531	638,646	333,626	310,487	525,911	742,007	297,734	400,240	593,147
Operating Profit	279,082	173,552	272,309	425,237	188,203	72,421	-238,598	23,567	-8,309	-287,307
Interest Payable	68,380	40,653	17,912	3,251	0	0	0	0	0	0
Interest Receivable	261	207	107	139	152	160	683	743	688	517
Pre-Tax Profit	210,963	133,106	254,505	422,125	188,355	72,581	-237,915	24,309	-7,621	-286,790
Tax	-40,083	-25,290	-48,356	-84,425	-37,671	-15,242	0	-6,320	0	0
Profit After Tax	170,880	107,816	206,149	337,700	150,684	57,339	-237,915	17,989	-7,621	-286,790
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	170,880	107,816	206,149	337,700	150,684	57,339	-237,915	17,989	-7,621	-286,790
Employee Costs	2,887,295	2,313,349	1,786,338	1,707,777	575,068	678,711	599,336	367,533	407,299	335,706
Number Of Employees	67	54	44	43	15	18	15	10	12	10
EBITDA*	563,989	314,355	402,489	523,293	265,562	123,029	-186,506	45,609	15,712	-264,985

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,444,586	1,378,771	967,186	669,900	720,321	541,227	414,069	129,451	133,479	148,434
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,002	2,002	2,002	2,002	2,002	2,002	2,002	3,022	3,022	3,022
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,446,588	1,380,773	969,188	671,902	722,323	543,229	416,071	132,473	136,501	151,456
Stock & work in progress	1,082,638	826,665	383,635	362,332	355,297	284,700	268,428	346,169	335,745	239,066
Trade Debtors	1,292,547	691,031	564,365	546,894	559,369	427,699	388,759	206,304	328,112	256,793
Group Debtors	534,165	433,695	768,277	455,977	289,225	0	0	0	0	0
Misc Debtors	195,107	388,369	81,074	32,432	18,632	0	0	0	0	0
Cash	30,134	39,375	15,898	70,016	41,374	19,333	44,603	228,502	68,613	206,733
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	3,134,591	2,379,135	1,813,249	1,467,651	1,263,897	731,732	701,790	780,975	732,470	702,592
total assets	5,581,179	3,759,908	2,782,437	2,139,553	1,986,220	1,274,961	1,117,861	913,448	868,971	854,048
Bank overdraft	106,152	46,123	24,969	24,969	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	619,017	596,475	142,724	77,510	152,169	548,237	464,414	221,712	190,856	181,953
Group/Directors Accounts	90,227	73,065	57,832	30,389	109,465	0	0	0	0	0
other short term finances	1,016,198	430,573	390,074	0	0	0	0	0	0	0
hp & lease commitments	586,242	269,861	146,755	93,171	103,379	0	0	0	0	0
other current liabilities	268,073	190,728	278,525	655,678	639,820	0	0	0	0	0
total current liabilities	2,685,909	1,606,825	1,040,879	881,717	1,004,833	548,237	464,414	221,712	190,856	181,953
loans	168,321	258,700	54,100	79,069	0	0	0	0	0	0
hp & lease commitments	852,660	405,123	355,166	91,282	184,452	0	0	0	0	0
Accruals and Deferred Income	298,058	183,909	134,757	156,099	203,249	88,708	106,395	0	0	0
other liabilities	0	0	0	0	0	195,014	161,389	52,583	61,014	46,750
provisions	160,000	60,000	60,000	0	0	0	0	15,575	11,512	12,135
total long term liabilities	1,479,039	907,732	604,023	326,450	387,701	283,722	267,784	68,158	72,526	58,885
total liabilities	4,164,948	2,514,557	1,644,902	1,208,167	1,392,534	831,959	732,198	289,870	263,382	240,838
net assets	1,416,231	1,245,351	1,137,535	931,386	593,686	443,002	385,663	623,578	605,589	613,210
total shareholders funds	1,416,231	1,245,351	1,137,535	931,386	593,686	443,002	385,663	623,578	605,589	613,210

	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	279,082	173,552	272,309	425,237	188,203	72,421	-238,598	23,567	-8,309	-287,307
Depreciation	284,907	140,803	130,180	98,056	77,359	50,608	52,092	22,042	24,021	22,322
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-40,083	-25,290	-48,356	-84,425	-37,671	-15,242	0	-6,320	0	0
Stock	255,973	443,030	21,303	7,035	70,597	16,272	-77,741	10,424	96,679	239,066
Debtors	508,724	99,379	378,413	168,077	439,527	38,940	182,455	-121,808	71,319	256,793
Creditors	22,542	453,751	65,214	-74,659	-396,068	83,823	242,702	30,856	8,903	181,953
Accruals and Deferred Income	191,494	-38,645	-398,495	-31,292	754,361	-17,687	106,395	0	0	0
Deferred Taxes & Provisions	100,000	0	60,000	0	0	0	-15,575	4,063	-623	12,135
Cash flow from operations	73,245	161,762	-318,864	157,805	76,060	118,711	42,302	185,592	-144,006	-566,756
Investing Activities
capital expenditure	-1,350,722	-552,388	-427,466	-47,635	-256,453	-177,766	-336,710	-18,014	-9,066	-170,756
Change in Investments	0	0	0	0	0	0	-1,020	0	0	3,022
cash flow from investments	-1,350,722	-552,388	-427,466	-47,635	-256,453	-177,766	-335,690	-18,014	-9,066	-173,778
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	17,162	15,233	27,443	-79,076	109,465	0	0	0	0	0
Other Short Term Loans	585,625	40,499	390,074	0	0	0	0	0	0	0
Long term loans	-90,379	204,600	-24,969	79,069	0	0	0	0	0	0
Hire Purchase and Lease Commitments	763,918	173,063	317,468	-103,378	287,831	0	0	0	0	0
other long term liabilities	0	0	0	0	-195,014	33,625	108,806	-8,431	14,264	46,750
share issue	0	0	0	0	0	0	0	0	0	900,000
interest	-68,119	-40,446	-17,805	-3,112	152	160	683	743	688	517
cash flow from financing	1,208,207	392,949	692,211	-106,497	202,434	33,785	109,489	-7,688	14,952	947,267
cash and cash equivalents
cash	-9,241	23,477	-54,118	28,642	22,041	-25,270	-183,899	159,889	-138,120	206,733
overdraft	60,029	21,154	0	24,969	0	0	0	0	0	0
change in cash	-69,270	2,323	-54,118	3,673	22,041	-25,270	-183,899	159,889	-138,120	206,733

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AE AEROSPACE LTD group structure

Ae Aerospace Ltd has no subsidiary companies.

Ultimate parent company

TI DOS AEROSPACE LIMITED

08818618

1 parent

AE AEROSPACE LTD

03286967

AE AEROSPACE LTD Shareholders

ti dos aerospace ltd

100%

Ae Aerospace Ltd currently has 2 directors. The longest serving directors include Mr Andrew Masters (Jan 2014) and Mr Peter Bruch (Jan 2014).

officer	country	age	start	end	role
Mr Andrew Masters	England	56 years	Jan 2014	-	Director
Mr Peter Bruch		60 years	Jan 2014	-	Director

P&L

September 2019

turnover

+31%

operating profit

279.1k

gross margin

25.9%

-1.31%

turnover

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

Balance Sheet

September 2019

net assets

1.4m

+0.14%

total assets

5.6m

+0.48%

cash

30.1k

-0.23%

net assets

Total assets minus all liabilities

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company number

03286967

Type

Private limited with Share Capital

industry

30300 - Manufacture of air and spacecraft and related machinery

incorporation date

December 1996

ultimate parent company

TI DOS AEROSPACE LIMITED

previous names

teamcrest holdings limited (October 2012)

able holdings limited (February 1997)

address

8th floor one temple row, birmingham, B2 5LG

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 8 charges/mortgages relating to ae aerospace ltd. Currently there are 2 open charges and 6 have been satisfied in the past.

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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ae aerospace ltd Company Information

ae aerospace ltd Estimated Valuation

ae aerospace ltd Estimated Valuation

ae aerospace ltd Estimated Valuation

Ae Aerospace Ltd Overview

Ae Aerospace Ltd Health Check

AE AEROSPACE LTD financials

ae aerospace ltd Credit Report and Business Information

Ae Aerospace Ltd Competitor Analysis

ae aerospace ltd Ownership

ae aerospace ltd directors

ae aerospace ltd company details

ae aerospace ltd Charges & Mortgages

ae aerospace ltd Capital Raised & Share Issues BETA

ae aerospace ltd Companies House Filings - See Documents