airco refrigeration and airconditioning limitedEstimated Valuation
£14.6m
Pomanda estimates the enterprise value of AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED at £14.6m based on a Turnover of £22m and 0.66x industry multiple (adjusted for size and gross margin).
airco refrigeration and airconditioning limitedEstimated Valuation
£8m
Pomanda estimates the enterprise value of AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED at £8m based on an EBITDA of £1.4m and a 5.59x industry multiple (adjusted for size and gross margin).
airco refrigeration and airconditioning limitedEstimated Valuation
£6.4m
Pomanda estimates the enterprise value of AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED at £6.4m based on Net Assets of £2.3m and 2.76x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Airco Refrigeration And Airconditioning LimitedOverview
Airco Refrigeration And Airconditioning Limited is a live company located in hull, HU3 4DL with a Companies House number of 03418561. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in August 1997, it's largest shareholder is
neil fisher
with a 99.5% stake. Airco Refrigeration And Airconditioning Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£22m with
high
growth in recent years.
Airco Refrigeration And Airconditioning Limited Health Check
Pomanda's financial health check has awarded Airco Refrigeration And Airconditioning Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
4 Regular
4 Weak
Size
annual sales of £22m, make it larger than the average company (£381.8k)
£22m - Airco Refrigeration And Airconditioning Limited
£381.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (11.5%)
22% - Airco Refrigeration And Airconditioning Limited
11.5% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (29.5%)
27.2% - Airco Refrigeration And Airconditioning Limited
29.5% - Industry AVG
Profitability
an operating margin of 4.4% make it less profitable than the average company (5.7%)
4.4% - Airco Refrigeration And Airconditioning Limited
5.7% - Industry AVG
Employees
with 201 employees, this is above the industry average (4)
201 - Airco Refrigeration And Airconditioning Limited
4 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£32.9k)
£35.3k - Airco Refrigeration And Airconditioning Limited
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £109.6k, this is equally as efficient (£115k)
£109.6k - Airco Refrigeration And Airconditioning Limited
£115k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (52 days)
60 days - Airco Refrigeration And Airconditioning Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (46 days)
66 days - Airco Refrigeration And Airconditioning Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is more than average (12 days)
43 days - Airco Refrigeration And Airconditioning Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is less cash available to meet short term requirements (20 weeks)
9 weeks - Airco Refrigeration And Airconditioning Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.6%, this is a higher level of debt than the average (63.8%)
78.6% - Airco Refrigeration And Airconditioning Limited
63.8% - Industry AVG
AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED financials
EXPORT
Airco Refrigeration And Airconditioning Limited's latest turnover from March 2024 is £22 million and the company has net assets of £2.3 million. According to their latest financial statements, Airco Refrigeration And Airconditioning Limited has 201 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
22,027,523
19,047,609
16,666,168
12,257,883
10,560,047
9,776,638
9,985,456
8,715,569
9,005,743
6,747,684
8,899,652
6,385,503
5,936,772
4,146,690
2,709,538
Other Income Or Grants
Cost Of Sales
16,034,735
13,952,848
11,999,479
8,531,381
7,223,605
6,432,284
6,568,439
5,551,778
5,768,192
4,301,829
5,547,601
3,946,703
3,644,764
2,489,539
1,605,580
Gross Profit
5,992,788
5,094,761
4,666,689
3,726,502
3,336,442
3,344,354
3,417,016
3,163,791
3,237,551
2,445,856
3,352,051
2,438,801
2,292,007
1,657,152
1,103,958
Admin Expenses
5,027,514
4,644,554
4,230,666
3,031,575
2,842,772
3,232,175
3,283,772
3,071,441
3,157,159
2,295,257
3,208,998
2,232,824
2,193,913
1,630,321
707,112
Operating Profit
965,274
450,207
436,023
694,927
493,670
112,179
133,244
92,350
80,392
150,599
143,053
205,977
98,094
26,831
396,846
Interest Payable
357,812
218,687
102,076
64,703
82,705
91,486
79,207
72,635
76,090
35,163
Interest Receivable
5,209
646
6
171
5,545
10
4
2
5
5
4
3
3
28
27
Pre-Tax Profit
612,671
276,066
333,953
630,395
416,510
20,704
54,041
19,718
4,306
115,441
143,057
205,980
98,097
26,858
396,872
Tax
-107,952
-88,407
-91,334
-127,871
-19,528
-3,934
-10,268
-3,943
-861
-24,243
-32,903
-49,435
-25,505
-7,520
-111,124
Profit After Tax
504,719
187,659
242,619
502,524
396,982
16,770
43,773
15,774
3,445
91,198
110,154
156,545
72,592
19,338
285,748
Dividends Paid
245,600
220,032
189,600
250,600
244,400
Retained Profit
259,119
-32,373
53,019
251,924
152,582
16,770
43,773
15,774
3,445
91,198
110,154
156,545
72,592
19,338
285,748
Employee Costs
7,101,896
6,712,072
5,568,946
4,489,248
3,559,453
3,224,704
3,248,640
2,811,599
2,838,698
1,703,346
2,296,939
1,581,261
1,662,158
1,254,435
810,815
Number Of Employees
201
194
172
136
113
93
96
84
80
49
65
46
48
38
25
EBITDA*
1,429,669
820,238
902,471
1,057,847
803,535
426,798
381,558
341,451
286,384
279,207
242,729
319,041
157,898
74,830
453,464
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
2,994,191
3,171,455
2,075,760
1,851,175
1,362,723
1,515,158
1,387,618
1,579,769
1,653,182
1,302,527
136,679
167,531
152,389
134,338
73,129
Intangible Assets
10,439
20,876
31,313
41,750
52,187
20,469
61,411
102,353
122,824
143,295
163,766
Investments & Other
543,940
404,430
360,530
360,530
360,530
360,530
360,530
360,530
360,520
423,917
35,000
Debtors (Due After 1 year)
Total Fixed Assets
3,538,131
3,575,885
2,436,290
2,211,705
1,733,692
1,896,564
1,779,461
1,982,049
2,065,889
1,746,913
233,090
269,884
275,213
277,633
236,895
Stock & work in progress
1,892,765
1,777,299
1,647,204
1,262,774
682,764
541,311
565,108
402,738
443,306
525,201
471,054
357,385
318,288
303,015
139,073
Trade Debtors
3,630,639
4,727,342
4,263,415
2,555,821
2,311,814
1,764,364
1,668,235
1,443,042
1,434,380
1,057,964
1,321,918
864,381
811,288
446,894
369,208
Group Debtors
Misc Debtors
610,481
650,786
402,394
428,159
355,851
407,349
226,547
72,766
162,548
187,968
154,080
89,450
106,293
295
Cash
1,119,661
455,412
328,757
228,915
205,295
2,082
562
952
940
937
885
683
681
478
10,645
misc current assets
total current assets
7,253,546
7,610,839
6,641,770
4,475,669
3,555,724
2,715,106
2,460,452
1,919,498
2,041,174
1,772,070
1,793,857
1,376,529
1,219,707
856,680
519,221
total assets
10,791,677
11,186,724
9,078,060
6,687,374
5,289,416
4,611,670
4,239,913
3,901,547
4,107,063
3,518,983
2,026,947
1,646,413
1,494,920
1,134,313
756,116
Bank overdraft
516,382
532,770
181,914
333,961
329,466
Bank loan
899,231
1,069,185
145,567
100,674
70,017
Trade Creditors
2,935,719
2,765,084
2,525,680
1,351,418
1,743,217
987,453
924,817
775,674
907,186
642,567
1,284,616
1,031,591
1,051,594
783,532
417,066
Group/Directors Accounts
18,907
other short term finances
hp & lease commitments
448,595
507,043
325,507
244,426
172,801
110,472
64,226
other current liabilities
1,926,264
2,290,562
2,316,883
1,881,502
1,240,110
1,063,947
856,764
864,665
563,277
572,579
total current liabilities
6,209,809
6,631,874
5,313,637
3,578,020
3,226,145
2,567,782
2,314,351
1,822,253
1,914,896
1,608,838
1,303,523
1,031,591
1,051,594
783,532
417,066
loans
914,647
990,389
1,135,129
917,882
755,833
822,176
839,355
883,097
925,342
752,468
hp & lease commitments
815,249
955,613
1,062,432
826,629
285,519
349,375
214,940
351,403
399,318
280,802
Accruals and Deferred Income
other liabilities
59,727
68,142
52,191
31,873
53,202
provisions
542,567
544,371
284,000
135,000
44,000
47,000
62,700
80,000
70,000
51,300
9,320
12,357
13,357
13,722
total long term liabilities
2,272,463
2,490,373
2,481,561
1,879,511
1,085,352
1,218,551
1,116,995
1,314,500
1,394,660
1,084,570
69,047
80,499
65,548
45,595
53,202
total liabilities
8,482,272
9,122,247
7,795,198
5,457,531
4,311,497
3,786,333
3,431,346
3,136,753
3,309,556
2,693,408
1,372,570
1,112,090
1,117,142
829,127
470,268
net assets
2,309,405
2,064,477
1,282,862
1,229,843
977,919
825,337
808,567
764,794
797,507
825,575
654,377
534,323
377,778
305,186
285,848
total shareholders funds
2,309,405
2,064,477
1,282,862
1,229,843
977,919
825,337
808,567
764,794
797,507
825,575
654,377
534,323
377,778
305,186
285,848
Mar 2024
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
965,274
450,207
436,023
694,927
493,670
112,179
133,244
92,350
80,392
150,599
143,053
205,977
98,094
26,831
396,846
Depreciation
464,395
370,031
466,448
352,481
299,428
304,182
237,877
238,664
185,523
87,666
58,734
62,593
39,333
27,528
36,148
Amortisation
10,439
10,437
10,437
10,437
10,437
20,469
40,942
40,942
50,471
20,471
20,471
20,470
Tax
-107,952
-88,407
-91,334
-127,871
-19,528
-3,934
-10,268
-3,943
-861
-24,243
-32,903
-49,435
-25,505
-7,520
-111,124
Stock
115,466
130,095
384,430
580,010
141,453
-23,797
162,370
-40,568
-81,895
54,147
113,669
39,097
15,273
163,942
139,073
Debtors
-1,137,008
712,319
1,681,829
316,315
495,952
276,931
378,974
-81,120
350,996
-75,986
303,457
117,723
347,551
183,684
369,503
Creditors
170,635
239,404
1,174,262
-391,799
755,764
62,636
149,143
-131,512
264,619
-642,049
253,025
-20,003
268,062
366,466
417,066
Accruals and Deferred Income
-364,298
-26,321
435,381
641,392
176,163
207,183
-7,901
301,388
-9,302
572,579
Deferred Taxes & Provisions
-1,804
260,371
149,000
91,000
-3,000
-15,700
-17,300
10,000
18,700
41,980
-3,037
-1,000
-365
13,722
Cash flow from operations
2,147,792
362,871
503,521
374,244
1,075,529
423,849
-46,112
639,072
290,439
249,313
42,688
91,783
37,266
99,872
250,830
Investing Activities
capital expenditure
-431,722
-45,726
-165,251
-588,365
-1,253,514
-27,882
-107,735
-57,384
-88,737
-293,513
Change in Investments
139,510
43,900
10
-63,397
388,917
35,000
cash flow from investments
-139,510
-43,900
-431,722
-45,726
-165,261
-524,968
-1,642,431
-62,882
-107,735
-57,384
-88,737
-293,513
Financing Activities
Bank loans
-169,954
923,618
44,893
30,657
70,017
Group/Directors Accounts
-18,907
18,907
Other Short Term Loans
Long term loans
-75,742
-144,740
217,247
162,049
-66,343
-17,179
-43,742
-42,245
172,874
752,468
Hire Purchase and Lease Commitments
-198,812
74,717
316,884
612,735
108,945
134,435
-136,463
-158,387
164,762
345,028
other long term liabilities
-59,727
-8,415
15,951
20,318
-21,329
53,202
share issue
-14,191
813,988
-48,487
-31,513
80,000
9,900
100
interest
-352,603
-218,041
-102,070
-64,532
-77,160
-91,476
-79,203
-72,633
-76,085
-35,158
4
3
3
28
27
cash flow from financing
-811,302
1,449,542
476,954
740,909
35,459
25,780
-259,408
-321,752
230,038
1,063,704
20,396
15,954
20,321
-21,301
53,329
cash and cash equivalents
cash
664,249
126,655
99,842
23,620
203,213
1,520
-390
12
3
52
202
2
203
-10,167
10,645
overdraft
-516,382
-16,388
350,856
-152,047
4,495
329,466
change in cash
664,249
126,655
99,842
23,620
719,595
17,908
-351,246
152,059
-4,492
-329,414
202
2
203
-10,167
10,645
airco refrigeration and airconditioning 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 airco refrigeration and airconditioning limited. Get real-time insights into airco refrigeration and airconditioning limited's credit score, group structure and payment trends.
Airco Refrigeration And Airconditioning Limited Competitor Analysis
Perform a competitor analysis for airco refrigeration and airconditioning limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in HU3 area or any other competitors across 12 key performance metrics.
airco refrigeration and airconditioning limited Ownership
AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED group structure
Airco Refrigeration And Airconditioning Limited has 2 subsidiary companies.
AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED Shareholders
The largest shareholders in Airco Refrigeration And Airconditioning Limited include Neil Fisher and Michelle Fisher.
neil fisher
99.5%
michelle fisher
0.49%
lesley fisher
0.01%
airco refrigeration and airconditioning limited directors
Airco Refrigeration And Airconditioning Limited currently has 4 directors.
The longest serving directors include
Mr Neil Fisher (Aug 1997) and
Mr Christopher Goodwin (Jul 2013).
airco refrigeration and airconditioning limited company details
company number
03418561
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
August 1997
age
28
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
airco installations limited (July 2012)
airco insulation limited (April 1999)
accountant
-
auditor
MORRIS GOLLAND LTD
address
airco house goulton street, hull, HU3 4DL
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
airco refrigeration and airconditioning 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 8 charges/mortgages relating to airco refrigeration and airconditioning limited. Currently there are 4 open charges and 4 have been satisfied in the past.
airco refrigeration and airconditioning 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 AIRCO REFRIGERATION AND AIRCONDITIONING LIMITED. This can take several minutes, an email will notify you when this has completed.
airco refrigeration and airconditioning limitedCompanies House Filings - See Documents
