Cargosec Limited

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cargosec limited Company Information

Live (In Liquidation)

MatureMicroDeclining

Company Number

04093668

Website

www.airworld.aero

Registered Address

airworld house 33 high street, sunninghill, ascot, berkshire, SL5 9NP

Industry

Investigation activities

Telephone

01344622112

Next Accounts Due

43 days late

Group Structure

View All

Directors

- Years

Shareholders

airworld handling limited 100%

cargosec limited Estimated Valuation

£188.5k

Pomanda estimates the enterprise value of CARGOSEC LIMITED at £188.5k based on a Turnover of £240.6k and 0.78x industry multiple (adjusted for size and gross margin).

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Cargosec Limited is a live company located in ascot, SL5 9NP with a Companies House number of 04093668. It operates in the investigation activities sector, SIC Code 80300. Founded in October 2000, it's largest shareholder is airworld handling limited with a 100% stake. Cargosec Limited is a mature, micro sized company, Pomanda has estimated its turnover at £240.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Cargosec Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

0 Strong

3 Regular

4 Weak

Size

annual sales of £240.6k, make it smaller than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (5.5%)

EXPORT

Cargosec Limited's latest turnover from December 2022 is estimated at £240.6 thousand and the company has net assets of £3.7 thousand. According to their latest financial statements, Cargosec Limited has 3 employees and maintains cash reserves of £3.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	240,582	186,233	216,077	281,224	4,847,377	2,265,034	2,408,970	1,910,243	19,636,895	85,916,723	58,581,113	41,330,415	24,417,941	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	114,240	97,829	132,077	175,528	3,349,953	1,458,120	1,198,360	1,085,683	9,946,355	45,364,348	36,686,757	27,115,259	13,263,308	0
Gross Profit	126,342	88,404	84,000	105,696	1,497,424	806,914	1,210,610	824,560	9,690,540	40,552,375	21,894,356	14,215,156	11,154,633	0
Admin Expenses	126,470	62,782	84,319	667,124	481,553	2,802,109	664,501	1,188,670	8,719,964	39,580,452	21,648,874	14,205,478	10,718,257	305,044
Operating Profit	-128	25,622	-319	-561,428	1,015,871	-1,995,195	546,109	-364,110	970,576	971,923	245,482	9,678	436,376	-305,044
Interest Payable	0	0	0	21,027	26,938	17,207	17,043	6,210	0	0	0	0	0	0
Interest Receivable	128	1,052	509	2,132	1,927	328	32	178	173	120	102	85	81	22
Pre-Tax Profit	0	26,674	190	-580,322	990,860	-2,012,074	529,098	-370,141	970,749	972,043	245,584	9,764	436,457	-305,022
Tax	0	-5,068	-36	0	-188,263	0	-105,819	0	-203,857	-223,570	-58,940	-2,539	-122,208	0
Profit After Tax	0	21,606	154	-580,322	802,597	-2,012,074	423,278	-370,141	766,892	748,473	186,644	7,225	314,249	-305,022
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	21,606	154	-580,322	802,597	-2,012,074	423,278	-370,141	766,892	748,473	186,644	7,225	314,249	-305,022
Employee Costs	113,185	92,006	84,275	105,421	101,197	95,170	1,316,350	794,159	8,210,178	35,002,563	21,467,399	21,163,168	13,686,486	0
Number Of Employees	3	3	3	3	3	3	41	24	253	1,112	682	552	371	0
EBITDA*	-128	25,622	-319	-549,653	1,023,562	-1,990,503	633,487	-288,809	1,037,072	1,044,365	340,867	120,732	484,089	-262,490

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	0	0	11,775	1,900	25,592	109,169	127,870	133,006	266,305	358,942	395,643	157,438
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	10,338	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	0	0	0	0	11,775	1,900	25,592	119,507	127,870	133,006	266,305	358,942	395,643	157,438
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	664,390	464,811	293,542	279,949	3,907,180	8,245,699	5,156,229	4,505,763	3,678,874	1,309,402
Group Debtors	0	0	0	0	2,893,571	1,100,000	8,520,683	6,006,922	0	0	0	0	0	0
Misc Debtors	0	0	0	0	149,965	132,820	97,793	196,848	0	0	0	1,660	1,660	0
Cash	3,659	3,659	838,243	180,089	388,560	125,275	5,934	19,485	51,909	17,457	30,614	10,270	23,759	8,777
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,659	3,659	838,243	180,089	4,096,486	1,822,906	8,917,952	6,503,204	3,959,089	8,263,156	5,186,843	4,517,693	3,704,293	1,318,179
total assets	3,659	3,659	838,243	180,089	4,108,261	1,824,806	8,943,544	6,622,711	4,086,959	8,396,162	5,453,148	4,876,635	4,099,936	1,475,617
Bank overdraft	0	0	0	0	623,013	175,144	354,300	191,075	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	907,419	827,340	691,846	617,094	2,368,398	7,444,493	5,183,268	4,767,501	3,970,231	1,692,479
Group/Directors Accounts	0	0	758,000	0	1,590,254	846,203	5,737,385	4,304,706	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	0	0	98,190	198,190	425,354	216,495	388,315	161,416	0	0	0	0	0	0
total current liabilities	0	0	856,190	198,190	3,546,040	2,065,182	7,171,846	5,274,291	2,368,398	7,444,493	5,183,268	4,767,501	3,970,231	1,692,479
loans	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
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	0	0	0	46,552	72,450	100,246	88,060
provisions	0	0	0	0	0	0	0	0	0	0	20,132	20,132	20,132	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	66,684	92,582	120,378	88,060
total liabilities	0	0	856,190	198,190	3,546,040	2,065,182	7,171,846	5,274,291	2,368,398	7,444,493	5,249,952	4,860,083	4,090,609	1,780,539
net assets	3,659	3,659	-17,947	-18,101	562,221	-240,376	1,771,698	1,348,420	1,718,561	951,669	203,196	16,552	9,327	-304,922
total shareholders funds	3,659	3,659	-17,947	-18,101	562,221	-240,376	1,771,698	1,348,420	1,718,561	951,669	203,196	16,552	9,327	-304,922

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-128	25,622	-319	-561,428	1,015,871	-1,995,195	546,109	-364,110	970,576	971,923	245,482	9,678	436,376	-305,044
Depreciation	0	0	0	11,775	7,691	4,692	87,378	75,301	66,496	72,442	95,385	111,054	47,713	42,554
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,068	-36	0	-188,263	0	-105,819	0	-203,857	-223,570	-58,940	-2,539	-122,208	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	-3,707,926	2,010,295	-7,214,387	2,428,299	2,576,539	-4,338,519	3,089,470	648,806	826,889	2,371,132	1,309,402
Creditors	0	0	0	-907,419	80,079	135,494	74,752	-1,751,304	-5,076,095	2,261,225	415,767	797,270	2,277,752	1,692,479
Accruals and Deferred Income	0	-98,190	-100,000	-227,164	208,859	-171,820	226,899	161,416	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-20,132	0	0	20,132	0
Cash flow from operations	-128	-77,636	-100,355	2,023,690	-886,058	5,187,558	-1,598,980	-4,455,236	95,639	-27,582	48,888	88,574	288,633	120,587
Investing Activities
capital expenditure	0	0	0	0	-17,566	19,000	-3,801	-56,600	-61,360	60,857	-2,748	-74,353	-285,918	-199,992
Change in Investments	0	0	0	0	0	0	-10,338	10,338	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-17,566	19,000	6,537	-66,938	-61,360	60,857	-2,748	-74,353	-285,918	-199,992
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-758,000	758,000	-1,590,254	744,051	-4,891,182	1,432,679	4,304,706	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	0	0	0	0	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	0	0	0	-46,552	-25,898	-27,796	12,186	88,060
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	128	1,052	509	-18,895	-25,011	-16,879	-17,011	-6,032	173	120	102	85	81	22
cash flow from financing	128	-756,948	758,509	-1,609,149	719,040	-4,908,061	1,415,668	4,298,674	173	-46,432	-25,796	-27,711	12,267	88,182
cash and cash equivalents
cash	0	-834,584	658,154	-208,471	263,285	119,341	-13,551	-32,424	34,452	-13,157	20,344	-13,489	14,982	8,777
overdraft	0	0	0	-623,013	447,869	-179,156	163,225	191,075	0	0	0	0	0	0
change in cash	0	-834,584	658,154	414,542	-184,584	298,497	-176,776	-223,499	34,452	-13,157	20,344	-13,489	14,982	8,777

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CARGOSEC LIMITED group structure

Cargosec Limited has no subsidiary companies.

Ultimate parent company

AIRWORLD HANDLING GROUP LIMITED

13740254

AIRWORLD HANDLING LIMITED

02781066

2 parents

CARGOSEC LIMITED

04093668

CARGOSEC LIMITED Shareholders

airworld handling limited

100%

Cargosec Limited currently has 1 director, undefined undefined serving since - .

officer	country	age	start	end	role

P&L

December 2022

turnover

240.6k

+29%

operating profit

-128.1

gross margin

52.6%

+10.63%

turnover

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

Balance Sheet

December 2022

net assets

3.7k

total assets

3.7k

cash

3.7k

net assets

Total assets minus all liabilities

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company number

04093668

Type

Private limited with Share Capital

industry

80300 - Investigation activities

incorporation date

October 2000

ultimate parent company

AIRWORLD HANDLING GROUP LIMITED

previous names

N/A

address

airworld house 33 high street, sunninghill, ascot, berkshire, SL5 9NP

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 3 charges/mortgages relating to cargosec limited. Currently there are 2 open charges and 1 have been satisfied in the past.

cargosec limited Company Information

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cargosec limited Estimated Valuation

cargosec limited Estimated Valuation

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