Pomanda estimates the enterprise value of SKYSHIPS AUTOMOTIVE LIMITED at £1.7m based on a Turnover of £7.6m and 0.23x industry multiple (adjusted for size and gross margin).
skyships automotive limitedEstimated Valuation
£1m
Pomanda estimates the enterprise value of SKYSHIPS AUTOMOTIVE LIMITED at £1m based on an EBITDA of £441k and a 2.32x industry multiple (adjusted for size and gross margin).
skyships automotive limitedEstimated Valuation
£3.2m
Pomanda estimates the enterprise value of SKYSHIPS AUTOMOTIVE LIMITED at £3.2m based on Net Assets of £2.2m and 1.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Skyships Automotive LimitedOverview
Skyships Automotive Limited is a live company located in braintree, CM7 5DW with a Companies House number of 03546846. It operates in the manufacture of electrical and electronic equipment for motor vehicles and their engines sector, SIC Code 29310. Founded in April 1998, it's largest shareholder is
michael john norwood perkins
with a 25% stake. Skyships Automotive Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Skyships Automotive Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £7.6m, make it smaller than the average company (£21.6m)
£7.6m - Skyships Automotive Limited
£21.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (11%)
50% - Skyships Automotive Limited
11% - Industry AVG
Production
with a gross margin of 23.5%, this company has a comparable cost of product (23.5%)
23.5% - Skyships Automotive Limited
23.5% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (5.1%)
2.2% - Skyships Automotive Limited
5.1% - Industry AVG
Employees
with 33 employees, this is below the industry average (94)
33 - Skyships Automotive Limited
94 - Industry AVG
Pay Structure
on an average salary of £44.9k, the company has an equivalent pay structure (£44.9k)
£44.9k - Skyships Automotive Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £230.2k, this is more efficient (£193.7k)
£230.2k - Skyships Automotive Limited
£193.7k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (35 days)
37 days - Skyships Automotive Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (39 days)
51 days - Skyships Automotive Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 185 days, this is more than average (76 days)
185 days - Skyships Automotive Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (10 weeks)
7 weeks - Skyships Automotive Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.7%, this is a higher level of debt than the average (36.2%)
70.7% - Skyships Automotive Limited
36.2% - Industry AVG
SKYSHIPS AUTOMOTIVE LIMITED financials
EXPORT
Skyships Automotive Limited's latest turnover from March 2024 is estimated at £7.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Skyships Automotive Limited has 33 employees and maintains cash reserves of £292.4 thousand 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
7,596,527
6,737,587
2,735,670
2,236,928
3,437,451
5,394,122
2,095,945
3,431,078
1,925,441
4,105,089
1,256,986
840,466
1,395,243
616,820
218,930
Other Income Or Grants
Cost Of Sales
5,807,255
5,227,551
2,138,925
1,834,089
2,955,472
4,534,775
1,621,124
2,634,975
1,649,956
3,269,353
969,165
662,881
1,103,405
480,559
178,467
Gross Profit
1,789,273
1,510,037
596,745
402,838
481,979
859,347
474,821
796,103
275,485
835,736
287,821
177,585
291,839
136,262
40,463
Admin Expenses
1,619,715
1,385,787
483,484
615,445
-43,853
-701,474
228,916
855,301
-55,563
816,883
198,978
149,308
168,067
90,700
6,682
Operating Profit
169,558
124,250
113,261
-212,607
525,832
1,560,821
245,905
-59,198
331,048
18,853
88,843
28,277
123,772
45,562
33,781
Interest Payable
130,930
121,516
84,266
69,051
31,281
Interest Receivable
10,221
7,737
1,673
334
1,080
9,006
2,127
201
205
154
80
288
334
214
134
Pre-Tax Profit
48,849
10,472
30,668
-281,324
495,632
1,569,827
248,032
-58,997
331,253
19,006
88,923
28,564
124,105
45,776
33,915
Tax
-12,212
-1,990
-5,827
-94,170
-298,267
-47,126
-66,250
-3,991
-20,452
-6,855
-32,267
-12,817
-9,496
Profit After Tax
36,637
8,482
24,841
-281,324
401,462
1,271,560
200,906
-58,997
265,002
15,015
68,471
21,709
91,838
32,959
24,419
Dividends Paid
Retained Profit
36,637
8,482
24,841
-281,324
401,462
1,271,560
200,906
-58,997
265,002
15,015
68,471
21,709
91,838
32,959
24,419
Employee Costs
1,482,167
1,243,820
1,058,539
1,088,448
1,062,931
857,338
691,676
675,039
476,859
782,996
223,322
154,062
211,164
105,582
65,147
Number Of Employees
33
31
27
28
28
24
19
18
14
25
8
6
8
4
2
EBITDA*
440,969
426,189
313,058
-4,095
719,932
1,771,865
426,250
106,801
452,644
82,405
115,182
59,263
159,236
45,562
33,781
* 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
2,761,759
2,823,326
2,777,690
2,536,420
2,707,805
1,073,747
651,164
505,243
585,364
235,062
112,024
74,875
97,349
18,029
17,650
Intangible Assets
2,684
4,984
7,284
9,870
2,004
3,722
5,439
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,761,759
2,826,010
2,782,674
2,543,704
2,717,675
1,075,751
654,886
510,682
585,364
235,062
112,024
74,875
97,349
18,029
17,650
Stock & work in progress
2,944,229
2,462,032
966,216
895,779
897,199
675,999
433,512
392,572
96,000
45,000
85,000
27,920
Trade Debtors
773,189
961,778
250,298
336,655
315,071
919,666
135,481
494,565
336,044
537,289
311,087
173,245
165,169
121,912
26,346
Group Debtors
62,829
62,861
53,825
51,596
Misc Debtors
623,603
419,713
483,131
471,151
238,828
190,782
218,760
221,731
191,779
1,239
43,000
3,483
16,244
Cash
292,415
96,969
267,120
179,074
488,303
1,672,341
729,356
121,585
38,910
43,084
18,326
13,795
101,309
32,193
53,570
misc current assets
total current assets
4,633,436
3,940,492
1,966,765
1,882,659
1,939,401
3,458,788
1,517,109
1,230,453
662,733
580,373
374,413
336,108
372,339
239,333
147,756
total assets
7,395,195
6,766,502
4,749,439
4,426,363
4,657,076
4,534,539
2,171,995
1,741,135
1,248,097
815,435
486,437
410,983
469,688
257,362
165,406
Bank overdraft
Bank loan
214,496
125,215
147,636
40,655
Trade Creditors
815,556
491,802
269,419
41,164
229,842
603,848
376,213
645,697
184,951
473,144
178,605
62,524
181,937
121,426
30,934
Group/Directors Accounts
93,403
20,635
54,339
23,292
other short term finances
hp & lease commitments
246,421
229,173
245,135
other current liabilities
645,586
692,223
187,134
672,757
435,882
1,635,658
673,708
403,571
235,811
43,245
77,014
24,217
86,759
total current liabilities
1,922,059
1,538,413
849,324
713,921
706,379
2,239,506
1,049,921
1,049,268
420,762
473,144
178,605
199,172
279,586
199,982
140,985
loans
1,000,539
987,399
1,110,788
1,238,361
984,938
hp & lease commitments
557,580
412,310
496,605
Accruals and Deferred Income
1,561,292
1,511,292
other liabilities
302,169
491,108
243,418
326,944
107,203
165,299
provisions
189,859
189,859
173,975
78,006
99,421
77,847
92,922
83,362
101,737
46,994
27,550
total long term liabilities
3,309,270
3,100,860
1,781,368
1,618,536
1,575,467
321,265
419,866
190,565
267,036
46,994
27,550
total liabilities
5,231,329
4,639,273
2,630,692
2,332,457
2,281,846
2,560,771
1,469,787
1,239,833
687,798
520,138
206,155
199,172
279,586
199,982
140,985
net assets
2,163,866
2,127,229
2,118,747
2,093,906
2,375,230
1,973,768
702,208
501,302
560,299
295,297
280,282
211,811
190,102
57,380
24,421
total shareholders funds
2,163,866
2,127,229
2,118,747
2,093,906
2,375,230
1,973,768
702,208
501,302
560,299
295,297
280,282
211,811
190,102
57,380
24,421
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
169,558
124,250
113,261
-212,607
525,832
1,560,821
245,905
-59,198
331,048
18,853
88,843
28,277
123,772
45,562
33,781
Depreciation
271,411
299,639
197,497
205,926
190,466
209,326
178,628
164,568
121,596
63,552
26,339
30,986
35,464
Amortisation
2,300
2,300
2,586
3,634
1,718
1,717
1,431
Tax
-12,212
-1,990
-5,827
-94,170
-298,267
-47,126
-66,250
-3,991
-20,452
-6,855
-32,267
-12,817
-9,496
Stock
482,197
1,495,816
70,437
-1,420
221,200
242,487
40,940
296,572
96,000
-45,000
-40,000
85,000
-27,920
27,920
Debtors
15,301
648,062
-74,377
253,907
-556,549
756,207
-362,055
188,473
-9,466
226,202
73,774
-33,717
91,810
85,034
94,186
Creditors
323,754
222,383
228,255
-188,678
-374,006
227,635
-269,484
460,746
-288,193
294,539
116,081
-119,413
60,511
90,492
30,934
Accruals and Deferred Income
3,363
2,016,381
-485,623
236,875
-1,199,776
961,950
270,137
167,760
235,811
-43,245
-33,769
52,797
-62,542
86,759
Deferred Taxes & Provisions
15,884
95,969
-21,415
21,574
-15,075
9,560
-18,375
54,743
19,444
27,550
Cash flow from operations
258,376
534,969
149,772
-229,800
-591,097
1,649,414
710,452
231,887
302,221
211,195
161,342
-152,057
176,387
-52,259
47,792
Investing Activities
capital expenditure
-207,160
-345,275
-438,767
-34,541
-1,836,024
-631,909
-324,549
-91,317
-471,898
-186,590
-63,488
-8,512
-114,784
-379
-17,650
Change in Investments
cash flow from investments
-207,160
-345,275
-438,767
-34,541
-1,836,024
-631,909
-324,549
-91,317
-471,898
-186,590
-63,488
-8,512
-114,784
-379
-17,650
Financing Activities
Bank loans
89,281
-22,421
147,636
-40,655
40,655
Group/Directors Accounts
-93,403
72,768
-33,704
31,047
23,292
Other Short Term Loans
Long term loans
13,140
-123,389
-127,573
253,423
984,938
Hire Purchase and Lease Commitments
162,518
-100,257
741,740
other long term liabilities
-302,169
-188,939
247,690
-83,526
219,741
-58,096
165,299
share issue
40,884
2
interest
-120,709
-113,779
-82,593
-68,717
-30,201
9,006
2,127
201
205
154
80
288
334
214
134
cash flow from financing
144,230
-359,846
377,041
-44,888
1,243,082
-74,520
221,868
-57,895
165,504
154
-93,323
73,056
7,514
31,261
23,428
cash and cash equivalents
cash
195,446
-170,151
88,046
-309,229
-1,184,038
942,985
607,771
82,675
-4,174
24,758
4,531
-87,514
69,116
-21,377
53,570
overdraft
change in cash
195,446
-170,151
88,046
-309,229
-1,184,038
942,985
607,771
82,675
-4,174
24,758
4,531
-87,514
69,116
-21,377
53,570
skyships automotive 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 skyships automotive limited. Get real-time insights into skyships automotive limited's credit score, group structure and payment trends.
Perform a competitor analysis for skyships automotive limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in CM7 area or any other competitors across 12 key performance metrics.
skyships automotive limited Ownership
SKYSHIPS AUTOMOTIVE LIMITED group structure
Skyships Automotive Limited has no subsidiary companies.
Ultimate parent company
SKYSHIPS AUTOMOTIVE LIMITED
03546846
SKYSHIPS AUTOMOTIVE LIMITED Shareholders
The largest shareholders in Skyships Automotive Limited include Michael John Norwood Perkins and Francis Robert Ives.
michael john norwood perkins
25%
francis robert ives
25%
william francis ives
25%
paul sabey
25%
skyships automotive limited directors
Skyships Automotive Limited currently has 5 directors.
The longest serving directors include
Mr William Ives (Apr 1998) and
Mr Michael Perkins (Sep 2002).
29310 - Manufacture of electrical and electronic equipment for motor vehicles
incorporation date
April 1998
age
27
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
pinpoint technology ltd (February 2007)
accountant
-
auditor
-
address
saling barn piccotts lane, great saling, braintree, CM7 5DW
Bank
-
Legal Advisor
-
skyships automotive 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 2 charges/mortgages relating to skyships automotive limited. Currently there are 2 open charges and 0 have been satisfied in the past.
skyships automotive 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 SKYSHIPS AUTOMOTIVE LIMITED. This can take several minutes, an email will notify you when this has completed.
skyships automotive limitedCompanies House Filings - See Documents
