Airtec Filtration Limited

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airtec filtration limited Company Information

Live

MatureSmallLow

Company Number

03365050

Next Accounts

Feb 2025

Industry

Agents specialised in the sale of other particular products

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Directors

Michael Redmond

Mark Whalley

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Shareholders

michael john redmond

lorraine whalley

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Group Structure

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Contact

Registered Address

manor house, manor street, st. helens, merseyside, WA9 3AX

Website

www.airtecfiltration.com

airtec filtration limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of AIRTEC FILTRATION LIMITED at £2.2m based on a Turnover of £4m and 0.54x industry multiple (adjusted for size and gross margin).

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Airtec Filtration Limited is a live company located in st. helens, WA9 3AX with a Companies House number of 03365050. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in May 1997, it's largest shareholder is michael john redmond with a 24.9% stake. Airtec Filtration Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with low growth in recent years.

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Pomanda's financial health check has awarded Airtec Filtration Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £4m, make it smaller than the average company (£6.4m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.5%)

EXPORT

Airtec Filtration Limited's latest turnover from May 2023 is estimated at £4 million and the company has net assets of £952.2 thousand. According to their latest financial statements, Airtec Filtration Limited has 13 employees and maintains cash reserves of £92.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	3,992,701	3,034,346	3,428,045	3,820,581	5,281,770	3,325,313	3,946,041	3,866,859	5,015,788	3,160,194	2,663,798	2,312,833	1,572,849	1,139,654
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,772,219	2,102,205	2,401,248	2,694,761	3,719,504	2,283,988	2,723,147	2,625,607	3,382,998	2,190,098	1,857,690	1,608,168	1,064,161	752,744
Gross Profit	1,220,483	932,141	1,026,796	1,125,820	1,562,266	1,041,324	1,222,894	1,241,252	1,632,790	970,096	806,108	704,665	508,688	386,911
Admin Expenses	1,004,315	823,889	1,042,250	943,565	1,383,957	890,646	976,868	1,103,754	1,579,300	924,191	787,795	633,686	449,135	416,416
Operating Profit	216,168	108,252	-15,454	182,255	178,309	150,678	246,026	137,498	53,490	45,905	18,313	70,979	59,553	-29,505
Interest Payable	44,520	35,137	27,380	16,700	10,886	11,966	28,603	27,811	4,416	0	0	0	0	0
Interest Receivable	2,258	537	51	39	296	124	60	5	4	1	1	0	0	0
Pre-Tax Profit	173,905	73,652	-42,783	165,595	167,719	138,836	217,483	109,691	49,078	45,906	18,314	70,979	59,553	-29,505
Tax	-43,476	-13,994	0	-31,463	-31,867	-26,379	-41,322	-21,938	-9,815	-9,640	-4,212	-17,035	-15,484	0
Profit After Tax	130,429	59,658	-42,783	134,132	135,852	112,457	176,161	87,753	39,262	36,266	14,102	53,944	44,069	-29,505
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	130,429	59,658	-42,783	134,132	135,852	112,457	176,161	87,753	39,262	36,266	14,102	53,944	44,069	-29,505
Employee Costs	679,520	651,019	602,053	593,605	905,762	910,161	949,880	1,114,751	1,231,153	744,804	684,805	634,081	439,102	346,426
Number Of Employees	13	13	13	13	19	20	22	24	27	17	16	15	11	9
EBITDA*	277,933	176,769	64,897	262,137	260,843	226,008	320,714	188,010	87,499	64,547	34,662	79,349	64,610	-21,921

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	355,682	362,947	393,118	768,036	404,389	411,480	405,265	366,871	305,905	192,027	83,109	35,609	27,019	23,431
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	15	15	15	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	355,682	362,947	393,133	768,051	404,404	411,480	405,265	366,871	305,905	192,027	83,109	35,609	27,019	23,431
Stock & work in progress	1,661,157	1,437,176	1,365,732	1,284,202	1,062,116	1,098,091	1,104,756	806,075	907,056	851,344	602,109	400,113	227,579	108,886
Trade Debtors	296,540	292,098	340,803	421,127	787,925	371,650	382,606	514,080	590,180	223,904	243,764	319,361	249,382	157,307
Group Debtors	0	0	101,424	43,563	100	0	0	0	0	0	0	0	0	0
Misc Debtors	52,485	27,554	16,116	37,331	29,912	820	24,525	25,781	0	0	0	0	0	0
Cash	92,320	8,033	99,356	2,100	76,742	2,094	47,569	354	1,632	10	573	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,102,502	1,764,861	1,923,431	1,788,323	1,956,795	1,472,655	1,559,456	1,346,290	1,498,868	1,075,258	846,446	719,474	476,961	266,193
total assets	2,458,184	2,127,808	2,316,564	2,556,374	2,361,199	1,884,135	1,964,721	1,713,161	1,804,773	1,267,285	929,555	755,083	503,980	289,624
Bank overdraft	149,026	177,045	47,996	112,720	0	0	22,430	165,587	0	0	0	0	0	0
Bank loan	0	0	0	0	23,230	23,230	0	0	0	0	0	0	0	0
Trade Creditors	586,631	204,432	439,556	460,281	794,431	305,644	546,896	401,332	906,332	658,130	508,907	456,146	359,298	281,767
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	138,839	77,790	79,375	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	65,444	81,684	90,366	283,084	185,959	308,204	310,743	106,781	0	0	0	0	0	0
total current liabilities	939,940	540,951	657,293	856,085	1,003,620	637,078	880,069	673,700	906,332	658,130	508,907	456,146	359,298	281,767
loans	195,056	326,880	452,004	284,991	126,590	149,512	173,018	554,264	135,887	0	0	0	0	0
hp & lease commitments	12,851	35,734	38,494	0	0	0	0	71,887	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	269,249	312,868	308,413	537,116	491,870	493,151	462,678	142,496	579,659	458,457	322,432	224,628	126,450	34,938
provisions	88,921	89,637	98,280	73,319	68,388	69,515	26,534	24,553	24,387	31,452	15,236	5,431	3,298	2,054
total long term liabilities	566,077	765,119	897,191	895,426	686,848	712,178	662,230	793,200	739,933	489,909	337,668	230,059	129,748	36,992
total liabilities	1,506,017	1,306,070	1,554,484	1,751,511	1,690,468	1,349,256	1,542,299	1,466,900	1,646,265	1,148,039	846,575	686,205	489,046	318,759
net assets	952,167	821,738	762,080	804,863	670,731	534,879	422,422	246,261	158,508	119,246	82,980	68,878	14,934	-29,135
total shareholders funds	952,167	821,738	762,080	804,863	670,731	534,879	422,422	246,261	158,508	119,246	82,980	68,878	14,934	-29,135

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	216,168	108,252	-15,454	182,255	178,309	150,678	246,026	137,498	53,490	45,905	18,313	70,979	59,553	-29,505
Depreciation	61,765	68,517	80,351	79,882	82,534	75,330	74,688	50,512	34,009	18,642	16,349	8,370	5,057	7,584
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-43,476	-13,994	0	-31,463	-31,867	-26,379	-41,322	-21,938	-9,815	-9,640	-4,212	-17,035	-15,484	0
Stock	223,981	71,444	81,530	222,086	-35,975	-6,665	298,681	-100,981	55,712	249,235	201,996	172,534	118,693	108,886
Debtors	29,373	-138,691	-43,678	-315,916	445,467	-34,661	-132,730	-50,319	366,276	-19,860	-75,597	69,979	92,075	157,307
Creditors	382,199	-235,124	-20,725	-334,150	488,787	-241,252	145,564	-505,000	248,202	149,223	52,761	96,848	77,531	281,767
Accruals and Deferred Income	-16,240	-8,682	-192,718	97,125	-122,245	-2,539	203,962	106,781	0	0	0	0	0	0
Deferred Taxes & Provisions	-716	-8,643	24,961	4,931	-1,127	42,981	1,981	166	-7,065	16,216	9,805	2,133	1,244	2,054
Cash flow from operations	346,346	-22,427	-161,437	92,410	184,899	40,145	464,948	-80,681	-103,167	-9,029	-33,383	-81,218	-82,867	-4,293
Investing Activities
capital expenditure	-54,500	-38,346	294,567	-443,529	-75,443	-81,545	-113,082	-111,478	-147,887	-127,560	-63,849	-16,960	-8,645	-31,015
Change in Investments	0	-15	0	0	15	0	0	0	0	0	0	0	0	0
cash flow from investments	-54,500	-38,331	294,567	-443,529	-75,458	-81,545	-113,082	-111,478	-147,887	-127,560	-63,849	-16,960	-8,645	-31,015
Financing Activities
Bank loans	0	0	0	-23,230	0	23,230	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	-131,824	-125,124	167,013	158,401	-22,922	-23,506	-381,246	418,377	135,887	0	0	0	0	0
Hire Purchase and Lease Commitments	38,166	-4,345	117,869	0	0	0	-71,887	71,887	0	0	0	0	0	0
other long term liabilities	-43,619	4,455	-228,703	45,246	-1,281	30,473	320,182	-437,163	121,202	136,025	97,804	98,178	91,512	34,938
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	370
interest	-42,262	-34,600	-27,329	-16,661	-10,590	-11,842	-28,543	-27,806	-4,412	1	1	0	0	0
cash flow from financing	-179,539	-159,614	28,850	163,756	-34,793	18,355	-161,494	25,295	252,677	136,026	97,805	98,178	91,512	35,308
cash and cash equivalents
cash	84,287	-91,323	97,256	-74,642	74,648	-45,475	47,215	-1,278	1,622	-563	573	0	0	0
overdraft	-28,019	129,049	-64,724	112,720	0	-22,430	-143,157	165,587	0	0	0	0	0	0
change in cash	112,306	-220,372	161,980	-187,362	74,648	-23,045	190,372	-166,865	1,622	-563	573	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for airtec filtration limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WA9 area or any other competitors across 12 key performance metrics.

AIRTEC FILTRATION LIMITED group structure

Airtec Filtration Limited has no subsidiary companies.

Ultimate parent company

AIRTEC FILTRATION LIMITED

03365050

AIRTEC FILTRATION LIMITED Shareholders

michael john redmond	24.89%
lorraine whalley	24.89%
mark cameron whalley	24.89%
gillian redmond	24.89%
mark cameron whalley & michael john redmond	0.44%

Airtec Filtration Limited currently has 4 directors. The longest serving directors include Mr Michael Redmond (May 1997) and Mr Mark Whalley (May 1997).

officer	age	start	end	role
Mr Michael Redmond	68 years	May 1997	-	Director
Mr Mark Whalley	64 years	May 1997	-	Director
Ms Gillian Redmond	66 years	Mar 2013	-	Director
Mrs Lorraine Whalley	60 years	Mar 2013	-	Director

P&L

May 2023

turnover

+32%

operating profit

216.2k

gross margin

30.6%

-0.49%

turnover

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

Balance Sheet

May 2023

net assets

952.2k

+0.16%

total assets

2.5m

+0.16%

cash

92.3k

+10.49%

net assets

Total assets minus all liabilities

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company number

03365050

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

May 1997

ultimate parent company

None

previous names

N/A

address

manor house, manor street, st. helens, merseyside, WA9 3AX

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 5 charges/mortgages relating to airtec filtration limited. Currently there are 1 open charges and 4 have been satisfied in the past.

airtec filtration limited Company Information

airtec filtration limited Estimated Valuation

airtec filtration limited Estimated Valuation

airtec filtration limited Estimated Valuation

Airtec Filtration Limited Overview

Airtec Filtration Limited Health Check

AIRTEC FILTRATION LIMITED financials

airtec filtration limited Credit Report and Business Information

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