Air Salvage International Limited

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air salvage international limited Company Information

Live

MatureSmallDeclining

Company Number

03298617

Website

airsalvage.co.uk

Registered Address

hangar h1 cotswold airport, kemble, cirencester, gloucestershire, GL7 6BA

Industry

Non-scheduled passenger air transport

Telephone

01285771363

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Gregory27 Years

Shareholders

mark john gregory 50%

timothy james fairchild 30%

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air salvage international limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of AIR SALVAGE INTERNATIONAL LIMITED at £2.6m based on Net Assets of £1.1m and 2.31x industry multiple (adjusted for liquidity).

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Air Salvage International Limited is a live company located in cirencester, GL7 6BA with a Companies House number of 03298617. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in January 1997, it's largest shareholder is mark john gregory with a 50% stake. Air Salvage International Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Air Salvage International Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£15.7m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (1.9%)

EXPORT

Air Salvage International Limited's latest turnover from March 2023 is estimated at £3.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Air Salvage International Limited has 27 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,463,643	4,527,731	4,475,614	5,967,551	4,609,939	4,187,826	4,622,209	2,123,107	6,893,182	5,018,894	5,177,329	6,393,026	4,028,632	1,340,775
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,914,890	3,792,032	3,764,821	4,964,106	3,727,186	3,396,701	3,718,811	1,728,692	5,661,112	4,124,892	4,239,287	5,217,740	3,321,930	1,071,489
Gross Profit	548,753	735,699	710,793	1,003,446	882,753	791,124	903,399	394,415	1,232,070	894,002	938,042	1,175,286	706,702	269,286
Admin Expenses	376,544	459,060	325,660	1,081,550	1,150,961	346,404	888,306	488,832	1,059,334	749,930	937,906	1,143,084	430,469	278,495
Operating Profit	172,209	276,639	385,133	-78,104	-268,208	444,720	15,093	-94,417	172,736	144,072	136	32,202	276,233	-9,209
Interest Payable	0	0	123	493	444	467	776	374	0	0	0	0	0	0
Interest Receivable	40,195	4,483	317	140	2,718	2,052	597	2,060	2,409	1,191	457	614	445	60
Pre-Tax Profit	212,404	281,122	385,327	-78,457	-265,934	446,305	14,914	-92,731	175,146	145,262	593	32,816	276,678	-9,149
Tax	-40,357	-53,413	-73,212	0	0	-84,798	-2,983	0	-36,781	-33,410	-142	-8,532	-77,470	0
Profit After Tax	172,047	227,709	312,115	-78,457	-265,934	361,507	11,931	-92,731	138,365	111,852	451	24,284	199,208	-9,149
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	172,047	227,709	312,115	-78,457	-265,934	361,507	11,931	-92,731	138,365	111,852	451	24,284	199,208	-9,149
Employee Costs	1,581,519	1,446,920	1,339,663	1,686,337	1,619,311	1,457,362	1,268,615	458,330	1,271,047	952,175	1,049,828	1,331,504	940,792	318,471
Number Of Employees	27	26	26	32	32	32	26	9	28	20	21	27	19	7
EBITDA*	200,824	301,792	400,726	-61,894	-236,468	472,180	41,808	-67,014	195,541	167,721	29,801	63,772	303,847	8,819

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	65,564	55,681	37,006	32,137	47,032	43,030	48,515	71,203	36,040	31,390	41,147	50,128	65,861	47,031
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	65,564	55,681	37,006	32,137	47,032	43,030	48,515	71,203	36,040	31,390	41,147	50,128	65,861	47,031
Stock & work in progress	6,249	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	260,002	514,114	491,999	535,152	345,728	372,257	552,306	269,454	628,446	455,360	553,778	635,492	353,675	109,777
Group Debtors	0	0	0	0	174,103	0	0	0	0	0	0	0	0	0
Misc Debtors	244,922	50,037	44,099	79,596	191,320	101,213	101,091	100,472	0	0	0	0	0	0
Cash	1,187,416	704,103	491,489	143,335	136,080	588,825	232,108	245,267	578,739	385,055	91,274	91,614	153,890	23,968
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,698,589	1,268,254	1,027,587	758,083	847,231	1,062,295	885,505	615,193	1,207,185	840,415	645,052	727,106	507,565	133,745
total assets	1,764,153	1,323,935	1,064,593	790,220	894,263	1,105,325	934,020	686,396	1,243,225	871,805	686,199	777,234	573,426	180,776
Bank overdraft	0	0	0	4,039	8,078	1,052	12,352	11,496	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	156,317	198,428	129,175	218,869	249,833	92,052	155,453	94,674	654,118	487,710	410,734	553,598	370,922	181,819
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	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	479,144	174,483	215,758	160,803	145,053	260,588	375,405	180,106	0	0	0	0	0	0
total current liabilities	635,461	372,911	344,933	383,711	402,964	353,692	543,210	286,276	654,118	487,710	410,734	553,598	370,922	181,819
loans	0	0	0	0	4,039	0	968	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	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	13,401	0	0	0	0	0	3,961
provisions	15,394	9,773	6,118	5,082	7,376	5,815	5,531	14,339	123,996	57,349	60,571	9,193	12,345	4,045
total long term liabilities	15,394	9,773	6,118	5,082	11,415	5,815	6,499	27,740	123,996	57,349	60,571	9,193	12,345	8,006
total liabilities	650,855	382,684	351,051	388,793	414,379	359,507	549,709	314,016	778,114	545,059	471,305	562,791	383,267	189,825
net assets	1,113,298	941,251	713,542	401,427	479,884	745,818	384,311	372,380	465,111	326,746	214,894	214,443	190,159	-9,049
total shareholders funds	1,113,298	941,251	713,542	401,427	479,884	745,818	384,311	372,380	465,111	326,746	214,894	214,443	190,159	-9,049

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	172,209	276,639	385,133	-78,104	-268,208	444,720	15,093	-94,417	172,736	144,072	136	32,202	276,233	-9,209
Depreciation	28,615	25,153	15,593	16,210	31,740	27,460	26,715	27,403	22,805	23,649	29,665	31,570	27,614	18,028
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-40,357	-53,413	-73,212	0	0	-84,798	-2,983	0	-36,781	-33,410	-142	-8,532	-77,470	0
Stock	6,249	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-59,227	28,053	-78,650	-96,403	237,681	-179,927	283,471	-258,520	173,086	-98,418	-81,714	281,817	243,898	109,777
Creditors	-42,111	69,253	-89,694	-30,964	157,781	-63,401	60,779	-559,444	166,408	76,976	-142,864	182,676	189,103	181,819
Accruals and Deferred Income	304,661	-41,275	54,955	15,750	-115,535	-114,817	195,299	180,106	0	0	0	0	0	0
Deferred Taxes & Provisions	5,621	3,655	1,036	-2,294	1,561	284	-8,808	-109,657	66,647	-3,222	51,378	-3,152	8,300	4,045
Cash flow from operations	481,616	251,959	372,461	17,001	-430,342	389,375	2,624	-297,489	218,729	306,483	19,887	-47,053	179,882	84,906
Investing Activities
capital expenditure	-38,498	-43,828	-20,462	-1,315	-35,742	-21,975	-4,027	-62,566	-27,455	-13,892	-20,684	-15,837	-46,444	-65,059
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-38,498	-43,828	-20,462	-1,315	-35,742	-21,975	-4,027	-62,566	-27,455	-13,892	-20,684	-15,837	-46,444	-65,059
Financing Activities
Bank loans	0	0	0	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	-4,039	4,039	-968	968	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-13,401	13,401	0	0	0	0	-3,961	3,961
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	40,195	4,483	194	-353	2,274	1,585	-179	1,686	2,409	1,191	457	614	445	60
cash flow from financing	40,195	4,483	194	-4,392	6,313	617	-12,612	15,087	2,409	1,191	457	614	-3,516	4,121
cash and cash equivalents
cash	483,313	212,614	348,154	7,255	-452,745	356,717	-13,159	-333,472	193,684	293,781	-340	-62,276	129,922	23,968
overdraft	0	0	-4,039	-4,039	7,026	-11,300	856	11,496	0	0	0	0	0	0
change in cash	483,313	212,614	352,193	11,294	-459,771	368,017	-14,015	-344,968	193,684	293,781	-340	-62,276	129,922	23,968

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIR SALVAGE INTERNATIONAL LIMITED group structure

Air Salvage International Limited has no subsidiary companies.

Ultimate parent company

AIR SALVAGE INTERNATIONAL LIMITED

03298617

AIR SALVAGE INTERNATIONAL LIMITED Shareholders

mark john gregory	50%
timothy james fairchild	30%
simon charles fairchild	20%

Air Salvage International Limited currently has 1 director, Mr Mark Gregory serving since Jan 1997.

officer	country	age	start	end	role
Mr Mark Gregory	England	63 years	Jan 1997	-	Director

P&L

March 2023

turnover

3.5m

-24%

operating profit

172.2k

gross margin

15.9%

-2.5%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.18%

total assets

1.8m

+0.33%

cash

1.2m

+0.69%

net assets

Total assets minus all liabilities

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company number

03298617

Type

Private limited with Share Capital

industry

51102 - Non-scheduled passenger air transport

incorporation date

January 1997

ultimate parent company

None

previous names

N/A

address

hangar h1 cotswold airport, kemble, cirencester, gloucestershire, GL7 6BA

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 air salvage international limited. Currently there are 1 open charges and 0 have been satisfied in the past.

air salvage international limited Company Information

air salvage international limited Estimated Valuation

air salvage international limited Estimated Valuation

air salvage international limited Estimated Valuation

Air Salvage International Limited Overview

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AIR SALVAGE INTERNATIONAL LIMITED financials

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