nats (en route) public limited company

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nats (en route) public limited company Company Information

Share NATS (EN ROUTE) PUBLIC LIMITED COMPANY

Company Number

04129273

Shareholders

national air traffic services ltd

Group Structure

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Industry

Scheduled passenger air transport

 

Registered Address

4000 parkway, whiteley, fareham, hampshire, PO15 7FL

nats (en route) public limited company Estimated Valuation

£838.9m

Pomanda estimates the enterprise value of NATS (EN ROUTE) PUBLIC LIMITED COMPANY at £838.9m based on a Turnover of £1b and 0.81x industry multiple (adjusted for size and gross margin).

nats (en route) public limited company Estimated Valuation

£2.6b

Pomanda estimates the enterprise value of NATS (EN ROUTE) PUBLIC LIMITED COMPANY at £2.6b based on an EBITDA of £497.5m and a 5.15x industry multiple (adjusted for size and gross margin).

nats (en route) public limited company Estimated Valuation

£2b

Pomanda estimates the enterprise value of NATS (EN ROUTE) PUBLIC LIMITED COMPANY at £2b based on Net Assets of £773.8m and 2.57x industry multiple (adjusted for liquidity).

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Nats (en Route) Public Limited Company Overview

Nats (en Route) Public Limited Company is a live company located in fareham, PO15 7FL with a Companies House number of 04129273. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in December 2000, it's largest shareholder is national air traffic services ltd with a 100% stake. Nats (en Route) Public Limited Company is a mature, mega sized company, Pomanda has estimated its turnover at £1b with healthy growth in recent years.

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Nats (en Route) Public Limited Company Health Check

Pomanda's financial health check has awarded Nats (En Route) Public Limited Company a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £1b, make it larger than the average company (£50.1m)

£1b - Nats (en Route) Public Limited Company

£50.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a slower rate (20.1%)

14% - Nats (en Route) Public Limited Company

20.1% - Industry AVG

production

Production

with a gross margin of 13.8%, this company has a comparable cost of product (13.8%)

13.8% - Nats (en Route) Public Limited Company

13.8% - Industry AVG

profitability

Profitability

an operating margin of 37.1% make it more profitable than the average company (4.2%)

37.1% - Nats (en Route) Public Limited Company

4.2% - Industry AVG

employees

Employees

with 3282 employees, this is above the industry average (233)

3282 - Nats (en Route) Public Limited Company

233 - Industry AVG

paystructure

Pay Structure

on an average salary of £108.9k, the company has a higher pay structure (£56.2k)

£108.9k - Nats (en Route) Public Limited Company

£56.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £313.7k, this is more efficient (£235.5k)

£313.7k - Nats (en Route) Public Limited Company

£235.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 49 days, this is later than average (27 days)

49 days - Nats (en Route) Public Limited Company

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (59 days)

10 days - Nats (en Route) Public Limited Company

59 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Nats (en Route) Public Limited Company

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (6 weeks)

18 weeks - Nats (en Route) Public Limited Company

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 65.4%, this is a lower level of debt than the average (76%)

65.4% - Nats (en Route) Public Limited Company

76% - Industry AVG

NATS (EN ROUTE) PUBLIC LIMITED COMPANY financials

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Nats (En Route) Public Limited Company's latest turnover from March 2024 is £1 billion and the company has net assets of £773.8 million. According to their latest financial statements, Nats (En Route) Public Limited Company has 3,282 employees and maintains cash reserves of £91.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,029,500,000782,400,000617,900,000687,200,000736,700,000733,000,000744,500,000737,100,000718,200,000740,200,000742,500,000713,600,000695,600,000615,700,000599,700,000
Other Income Or Grants
Cost Of Sales887,115,423710,361,782590,021,053645,415,141652,341,760653,402,659603,773,528627,637,354609,670,166635,697,398623,701,501569,511,348546,671,240517,388,183506,680,963
Gross Profit142,384,57772,038,21827,878,94741,784,85984,358,24079,597,341140,726,473109,462,646108,529,834104,502,602118,798,499144,088,652148,928,76098,311,81793,019,037
Admin Expenses-239,215,423-101,761,782-62,321,05349,184,85933,558,240-32,202,659-18,273,527-39,837,35458,929,834-96,497,398-26,001,501-39,211,348-51,771,240-25,188,183719,037
Operating Profit381,600,000173,800,00090,200,000-7,400,00050,800,000111,800,000159,000,000149,300,00049,600,000201,000,000144,800,000183,300,000200,700,000123,500,00092,300,000
Interest Payable25,400,00029,600,00062,900,00030,000,00026,400,00025,400,00026,800,00027,700,00032,600,00033,900,00034,100,00037,700,00050,700,00054,800,00038,600,000
Interest Receivable49,800,00026,000,00011,400,0002,800,0002,400,0002,600,000700,000800,0002,800,0004,100,0005,500,0004,200,000
Pre-Tax Profit397,000,000156,500,000-5,100,000-34,200,00028,900,00086,000,000134,200,000104,800,00022,400,000172,700,000133,900,000129,300,000154,800,00070,800,00054,900,000
Tax-97,200,000-31,800,000-35,600,000-12,400,000-25,400,000-14,200,000-19,800,000-18,100,000-13,800,000-37,600,000-23,000,000-27,700,000-27,300,000-9,700,000-13,800,000
Profit After Tax299,800,000124,700,000-40,700,000-46,600,0003,500,00071,800,000114,400,00086,700,0008,600,000135,100,000110,900,000101,600,000127,500,00061,100,00041,100,000
Dividends Paid57,000,00057,000,00056,000,00023,000,00072,500,00069,500,00057,000,00028,500,00045,000,00035,000,000
Retained Profit299,800,000124,700,000-40,700,000-46,600,000-53,500,00014,800,00058,400,00063,700,000-63,900,00065,600,00053,900,00073,100,00082,500,00026,100,00041,100,000
Employee Costs357,400,000356,300,000363,100,000420,400,000390,600,000373,700,000362,400,000344,200,000362,000,000332,400,000382,100,000339,100,000309,600,000301,000,000334,900,000
Number Of Employees3,2823,1303,0513,4493,6053,4183,2373,1593263,1833,3463,4043,4403,5393,741
EBITDA*497,500,000272,400,000170,900,00078,100,000164,700,000245,700,000241,700,000296,200,000174,700,000307,400,000248,900,000284,100,000290,200,000208,500,000176,000,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets982,400,0001,095,400,0001,627,800,000939,600,000711,800,000502,900,000567,200,000495,200,000570,100,000650,000,000662,200,000685,000,000663,100,000694,300,000677,900,000
Intangible Assets766,900,000754,400,000714,900,000652,500,000757,600,000763,100,000765,900,000706,900,000646,200,000681,900,000645,900,000634,400,000609,300,000580,100,000550,800,000
Investments & Other100,0001,500,000100,000442,500,000186,300,0001,700,000
Debtors (Due After 1 year)591,800,000683,400,000929,500,0007,600,0005,000,00021,600,00017,800,00015,900,00023,300,00064,100,00069,800,00058,600,00047,300,00036,200,00059,700,000
Total Fixed Assets1,749,300,0001,849,800,0002,086,100,0001,592,100,0001,469,400,0001,266,000,0001,333,100,0001,202,100,0001,216,300,0001,331,900,0001,308,100,0001,319,400,0001,272,400,0001,274,400,0001,228,700,000
Stock & work in progress
Trade Debtors139,700,000126,000,00084,700,00041,900,00094,700,000108,400,000108,800,000176,100,000158,600,00050,000,000134,600,00046,500,00048,900,00034,600,000
Group Debtors100,000100,0004,500,0002,900,000800,000200,0002,300,000500,000
Misc Debtors16,800,00013,100,00012,400,00012,800,00087,000,00019,100,00013,100,00011,500,00015,600,00011,200,000101,200,0007,200,00080,000,00062,500,00095,200,000
Cash91,100,00057,700,00050,900,000172,200,000451,000,000129,700,000156,300,000108,400,00072,500,00077,200,00071,500,00072,100,00071,700,00067,300,00064,100,000
misc current assets225,700,000101,700,00057,300,0002,500,00041,900,00038,900,00041,900,00041,500,00029,300,00033,700,00030,100,00031,700,00030,700,00016,600,00016,300,000
total current assets485,900,000299,900,000209,300,000244,600,000587,500,000285,300,000319,700,000270,200,000294,300,000280,900,000255,100,000246,100,000228,900,000195,300,000210,200,000
total assets2,235,200,0002,149,700,0002,295,400,0001,836,700,0002,056,900,0001,551,300,0001,652,800,0001,472,300,0001,510,600,0001,612,800,0001,563,200,0001,565,500,0001,501,300,0001,469,700,0001,438,900,000
Bank overdraft176,700,000
Bank loan
Trade Creditors 25,600,00019,200,00018,400,00040,200,00030,500,00082,000,00015,500,00018,600,00051,900,00014,100,0009,500,0009,200,00011,100,00021,200,00013,500,000
Group/Directors Accounts
other short term finances104,000,00045,000,000108,100,00040,900,00042,700,00067,100,00046,600,00038,500,00029,700,00028,600,00027,200,000
hp & lease commitments6,000,0006,700,0006,700,0006,300,0005,800,000
other current liabilities122,100,000204,200,000160,500,000150,900,000162,300,000155,600,000180,600,000122,400,000105,000,000116,400,000128,800,000103,600,00096,800,000221,400,000182,400,000
total current liabilities257,700,000275,100,000185,600,000305,500,000239,500,000280,300,000263,200,000187,600,000195,400,000160,200,000166,900,000140,000,000284,600,000242,600,000195,900,000
loans1,664,400,0001,888,900,0002,042,500,0001,394,700,0001,503,200,000694,700,000789,100,000935,500,0001,209,100,0001,405,000,0001,418,400,0001,507,600,0001,272,300,0001,442,200,0001,406,600,000
hp & lease commitments37,200,00042,800,00048,400,00053,900,00059,500,000
Accruals and Deferred Income26,100,00022,700,00024,400,00030,800,00024,400,00053,400,00042,600,00023,800,0003,500,0003,500,0007,800,0006,100,000
other liabilities96,600,000106,200,000188,400,000168,600,000184,600,000138,500,000155,300,000117,400,00016,700,0002,200,00012,400,0008,700,000
provisions429,400,000414,000,000470,000,000308,600,000326,400,000244,800,000234,200,000614,000,000278,000,000626,800,000210,200,000218,800,000249,200,000237,400,000275,000,000
total long term liabilities1,203,700,0001,315,600,0001,503,000,0001,091,600,0001,146,200,000687,800,000726,700,000957,700,000874,200,0001,124,700,000904,200,000952,400,000836,000,000847,600,000846,900,000
total liabilities1,461,400,0001,590,700,0001,688,600,0001,397,100,0001,385,700,000968,100,000989,900,0001,145,300,0001,069,600,0001,284,900,0001,071,100,0001,092,400,0001,120,600,0001,090,200,0001,042,800,000
net assets773,800,000559,000,000606,800,000439,600,000671,200,000583,200,000662,900,000327,000,000441,000,000327,900,000492,100,000473,100,000380,700,000379,500,000396,100,000
total shareholders funds773,800,000559,000,000606,800,000439,600,000671,200,000583,200,000662,900,000327,000,000441,000,000327,900,000492,100,000473,100,000380,700,000379,500,000396,100,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit381,600,000173,800,00090,200,000-7,400,00050,800,000111,800,000159,000,000149,300,00049,600,000201,000,000144,800,000183,300,000200,700,000123,500,00092,300,000
Depreciation50,400,00043,800,00042,300,00049,700,00061,700,00078,800,00079,000,000102,200,00092,800,00076,900,00077,000,00076,200,00071,600,00074,100,00073,800,000
Amortisation65,500,00054,800,00038,400,00035,800,00052,200,00055,100,0003,700,00044,700,00032,300,00029,500,00027,100,00024,600,00017,900,00010,900,0009,900,000
Tax-97,200,000-31,800,000-35,600,000-12,400,000-25,400,000-14,200,000-19,800,000-18,100,000-13,800,000-37,600,000-23,000,000-27,700,000-27,300,000-9,700,000-13,800,000
Stock
Debtors-74,300,000-204,000,000964,200,000-34,100,000-41,800,000-1,000,0003,100,000-79,600,000-18,300,00010,800,00022,400,00027,100,00026,200,000-41,900,000189,500,000
Creditors6,400,000800,000-21,800,0009,700,000-51,500,00066,500,000-3,100,000-33,300,00037,800,0004,600,000300,000-1,900,000-10,100,0007,700,00013,500,000
Accruals and Deferred Income-78,700,00042,000,0003,200,00019,400,000-17,700,000-600,00058,200,000-36,000,000-600,0006,400,00045,500,0006,800,000-128,900,00040,700,000188,500,000
Deferred Taxes & Provisions15,400,000-56,000,000161,400,000-17,800,00081,600,00010,600,000-379,800,000336,000,000-348,800,000416,600,000-8,600,000-30,400,00011,800,000-37,600,000275,000,000
Cash flow from operations417,700,000431,400,000-686,100,000111,100,000193,500,000309,000,000-105,900,000624,400,000-132,400,000686,600,000240,700,000203,800,000109,500,000251,500,000449,700,000
Investing Activities
capital expenditure-15,400,000394,300,000-831,300,000-208,200,000-317,300,000-66,800,000-213,700,000-132,700,000-9,500,000-130,200,000-92,800,000-147,800,000-87,500,000-130,700,000-1,312,400,000
Change in Investments-1,400,0001,400,000-442,400,000256,200,000184,600,0001,700,000
cash flow from investments-14,000,000392,900,000-388,900,000-464,400,000-501,900,000-68,500,000-213,700,000-132,700,000-9,500,000-130,200,000-92,800,000-147,800,000-87,500,000-130,700,000-1,312,400,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans 59,000,00045,000,000-108,100,00067,200,000-1,800,000-24,400,00020,500,0008,100,0008,800,0001,100,0001,400,00027,200,000
Long term loans-224,500,000-153,600,000647,800,000-108,500,000808,500,000-94,400,000-146,400,000-273,600,000-195,900,000-13,400,000-89,200,000235,300,000-169,900,00035,600,0001,406,600,000
Hire Purchase and Lease Commitments-6,300,000-5,600,000-5,100,000-5,100,00065,300,000
other long term liabilities-9,600,000-82,200,00019,800,000-16,000,00046,100,000-16,800,00037,900,000100,700,00014,500,0002,200,000-12,400,0003,700,0008,700,000
share issue-85,000,000-172,500,000207,900,000-185,000,000141,500,000-94,500,000277,500,000-177,700,000177,000,000-229,800,000-34,900,00019,300,000-81,300,000-42,700,000355,000,000
interest24,400,000-3,600,000-51,500,000-27,200,000-24,000,000-22,800,000-26,100,000-26,900,000-29,800,000-29,800,000-28,600,000-33,500,000-50,700,000-54,800,000-38,600,000
cash flow from financing-242,000,000-372,500,000710,800,000-274,600,0001,035,600,000-252,900,000163,400,000-369,400,000-25,400,000-269,700,000-163,700,000252,000,000-293,200,000-61,900,0001,723,000,000
cash and cash equivalents
cash33,400,0006,800,000-121,300,000-278,800,000321,300,000-26,600,00047,900,00035,900,000-4,700,0005,700,000-600,000400,0004,400,0003,200,00064,100,000
overdraft-176,700,000176,700,000
change in cash33,400,0006,800,000-121,300,000-278,800,000321,300,000-26,600,00047,900,00035,900,000-4,700,0005,700,000-600,000177,100,000-172,300,0003,200,00064,100,000

nats (en route) public limited company Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Nats (en Route) Public Limited Company Competitor Analysis

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Perform a competitor analysis for nats (en route) public limited company by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in PO15 area or any other competitors across 12 key performance metrics.

nats (en route) public limited company Ownership

NATS (EN ROUTE) PUBLIC LIMITED COMPANY group structure

Nats (En Route) Public Limited Company has no subsidiary companies.

Ultimate parent company

2 parents

NATS (EN ROUTE) PUBLIC LIMITED COMPANY

04129273

NATS (EN ROUTE) PUBLIC LIMITED COMPANY Shareholders

national air traffic services ltd 100%

nats (en route) public limited company directors

Nats (En Route) Public Limited Company currently has 13 directors. The longest serving directors include Mr Martin Rolfe (Mar 2012) and Mr Gavin Merchant (Apr 2016).

officercountryagestartendrole
Mr Martin RolfeUnited Kingdom52 years Mar 2012- Director
Mr Gavin MerchantUnited Kingdom55 years Apr 2016- Director
Mr Harry BushEngland71 years Apr 2016- Director
Ms Maria Antoniou59 years Aug 2016- Director
Mr Michael Campbell67 years May 2017- Director
Mrs Kathryn Leahy52 years May 2018- Director
Ms Louise StreetUnited Kingdom50 years Nov 2018- Director
Mr Alistair BorthwickUnited Kingdom45 years Oct 2019- Director
Mr David Smith64 years Oct 2022- Director
Mr Gregory Bagwell63 years Oct 2022- Director

P&L

March 2024

turnover

1b

+32%

operating profit

381.6m

+120%

gross margin

13.9%

+50.21%

turnover

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

Balance Sheet

March 2024

net assets

773.8m

+0.38%

total assets

2.2b

+0.04%

cash

91.1m

+0.58%

net assets

Total assets minus all liabilities

nats (en route) public limited company company details

company number

04129273

Type

Public limited with Share Capital

industry

51101 - Scheduled passenger air transport

incorporation date

December 2000

age

25

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

nats (en route) limited (June 2003)

3216th single member shelf trading company limited (February 2001)

accountant

-

auditor

BDO LLP

address

4000 parkway, whiteley, fareham, hampshire, PO15 7FL

Bank

-

Legal Advisor

-

nats (en route) public limited company 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 77 charges/mortgages relating to nats (en route) public limited company. Currently there are 1 open charges and 76 have been satisfied in the past.

nats (en route) public limited company 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.

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nats (en route) public limited company Companies House Filings - See Documents

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