Air 3 Limited

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air 3 limited Company Information

Live

MatureMicroDeclining

Company Number

04262844

Next Accounts

Dec 2025

Industry

Joinery installation

Directors

Peter Morgan

Shareholders

peter james morgan

ellen louise kilchmann

Group Structure

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Contact

Registered Address

unit 3, kings park industrial estate, kings langley, hertfordshire, WD4 8ST

Website

www.air3.build

air 3 limited Estimated Valuation

£181.4k

Pomanda estimates the enterprise value of AIR 3 LIMITED at £181.4k based on a Turnover of £447.6k and 0.41x industry multiple (adjusted for size and gross margin).

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Air 3 Limited is a live company located in kings langley, WD4 8ST with a Companies House number of 04262844. It operates in the joinery installation sector, SIC Code 43320. Founded in August 2001, it's largest shareholder is peter james morgan with a 80% stake. Air 3 Limited is a mature, micro sized company, Pomanda has estimated its turnover at £447.6k with declining growth in recent years.

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

Health Rating3out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £447.6k, make it larger than the average company (£189.8k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (10.2%)

EXPORT

Air 3 Limited's latest turnover from March 2024 is estimated at £447.6 thousand and the company has net assets of £67 thousand. According to their latest financial statements, Air 3 Limited has 14 employees and maintains cash reserves of £99.2 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	447,597	1,073,638	772,771	707,726	1,764,100	1,727,724	4,260,005	2,183,852	803,684	1,548,693	852,199	508,358	2,051,704	570,821	1,617,985
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	311,770	783,883	574,682	512,512	1,285,881	1,176,186	2,806,470	1,446,562	516,076	970,819	501,081	298,907	1,282,800	356,105	1,428,071
Gross Profit	135,827	289,756	198,089	195,214	478,220	551,537	1,453,535	737,290	287,608	577,874	351,119	209,451	768,904	214,716	189,914
Admin Expenses	137,893	426,690	213,010	307,314	448,033	498,452	1,378,411	714,330	332,404	543,063	350,457	193,968	846,349	207,308	91,075
Operating Profit	-2,066	-136,934	-14,921	-112,100	30,187	53,085	75,124	22,960	-44,796	34,811	662	15,483	-77,445	7,408	98,839
Interest Payable	1,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,856	2,179	1,545	357	364	1,412	664	378	650	1,030	1,371	1,271	1,191	1,142	2,348
Pre-Tax Profit	-335	-134,755	-13,376	-111,743	30,551	54,496	75,788	23,339	-44,146	35,842	2,034	16,754	-76,254	8,550	101,187
Tax	0	0	0	0	-5,805	-10,354	-14,400	-4,668	0	-7,527	-468	-4,021	0	-2,394	-22,000
Profit After Tax	-335	-134,755	-13,376	-111,743	24,746	44,142	61,388	18,671	-44,146	28,315	1,566	12,733	-76,254	6,156	79,187
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,000
Retained Profit	-335	-134,755	-13,376	-111,743	24,746	44,142	61,388	18,671	-44,146	28,315	1,566	12,733	-76,254	6,156	19,187
Employee Costs	330,547	373,107	433,785	350,128	677,238	497,980	666,160	162,198	187,740	277,033	206,972	107,881	445,928	124,112	287,473
Number Of Employees	14	14	17	17	20	18	20	5	5	8	6	3	14	4	10
EBITDA*	-2,066	-136,934	-14,921	-112,100	30,187	53,085	75,124	22,960	-44,796	34,811	662	15,483	-77,445	9,875	103,411

* 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,467
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	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	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,467
Stock & work in progress	74,205	118,585	50,144	0	236,122	254,855	721,136	460,053	135,187	253,420	147,485	31,425	345,379	91,405	277,001
Trade Debtors	3,743	115,318	105,554	0	0	0	0	0	0	64,396	10,198	242	20,374	3,396	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	37,952	109,483	137,843	44,681	19,170	43,186	10,966	2,034	37,742	0	0	0	0	0	23,997
Cash	99,154	9,642	92,913	318,970	395,717	332,363	44,039	221,576	81,080	178,784	233,364	315,170	193,178	283,133	173,817
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	215,054	353,028	386,454	363,651	651,009	630,404	776,141	683,663	254,009	496,600	391,047	346,837	558,931	377,934	474,815
total assets	215,054	353,028	386,454	363,651	651,009	630,404	776,141	683,663	254,009	496,600	391,047	346,837	558,931	377,934	477,282
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	20,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	53,637	173,019	76,510	26,412	82,653	110,296	323,066	222,853	55,278	274,192	196,954	154,310	379,137	121,886	172,492
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	74,417	112,674	107,854	121,773	241,147	217,645	194,754	263,877	20,469	0	0	0	0	0	54,898
total current liabilities	148,054	285,693	184,364	148,185	323,800	327,941	517,820	486,730	75,747	274,192	196,954	154,310	379,137	121,886	227,390
loans	0	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	0
Accruals and Deferred Income	0	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	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	148,054	285,693	184,364	148,185	323,800	327,941	517,820	486,730	75,747	274,192	196,954	154,310	379,137	121,886	227,390
net assets	67,000	67,335	202,090	215,466	327,209	302,463	258,321	196,933	178,262	222,408	194,093	192,527	179,794	256,048	249,892
total shareholders funds	67,000	67,335	202,090	215,466	327,209	302,463	258,321	196,933	178,262	222,408	194,093	192,527	179,794	256,048	249,892

	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	-2,066	-136,934	-14,921	-112,100	30,187	53,085	75,124	22,960	-44,796	34,811	662	15,483	-77,445	7,408	98,839
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	2,467	4,572
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-5,805	-10,354	-14,400	-4,668	0	-7,527	-468	-4,021	0	-2,394	-22,000
Stock	-44,380	68,441	50,144	-236,122	-18,733	-466,281	261,083	324,866	-118,233	105,935	116,060	-313,954	253,974	-185,596	277,001
Debtors	-183,106	-18,596	198,716	25,511	-24,016	32,220	8,932	-35,708	-26,654	54,198	9,956	-20,132	16,978	-20,601	23,997
Creditors	-119,382	96,509	50,098	-56,241	-27,643	-212,770	100,213	167,575	-218,914	77,238	42,644	-224,827	257,251	-50,606	172,492
Accruals and Deferred Income	-38,257	4,820	-13,919	-119,374	23,502	22,891	-69,123	243,408	20,469	0	0	0	0	-54,898	54,898
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	67,781	-85,450	-227,602	-77,104	62,990	286,913	-178,201	140,117	-98,354	-55,611	-83,178	120,721	-91,146	108,174	7,803
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,039
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,039
Financing Activities
Bank loans	20,000	0	0	0	0	0	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	230,705
interest	1,731	2,179	1,545	357	364	1,412	664	378	650	1,030	1,371	1,271	1,191	1,142	2,348
cash flow from financing	21,731	2,179	1,545	357	364	1,412	664	378	650	1,030	1,371	1,271	1,191	1,142	233,053
cash and cash equivalents
cash	89,512	-83,271	-226,057	-76,747	63,354	288,324	-177,537	140,496	-97,704	-54,580	-81,806	121,992	-89,955	109,316	173,817
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	89,512	-83,271	-226,057	-76,747	63,354	288,324	-177,537	140,496	-97,704	-54,580	-81,806	121,992	-89,955	109,316	173,817

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 air 3 limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in WD4 area or any other competitors across 12 key performance metrics.

AIR 3 LIMITED group structure

Air 3 Limited has no subsidiary companies.

Ultimate parent company

AIR 3 LIMITED

04262844

AIR 3 LIMITED Shareholders

peter james morgan	80%
ellen louise kilchmann	20%

Air 3 Limited currently has 1 director, Mr Peter Morgan serving since Oct 2003.

officer	country	age	start	end	role
Mr Peter Morgan	England	55 years	Oct 2003	-	Director

P&L

March 2024

turnover

447.6k

-58%

operating profit

-2.1k

gross margin

30.4%

+12.44%

turnover

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

Balance Sheet

March 2024

net assets

67k

total assets

215.1k

-0.39%

cash

99.2k

+9.28%

net assets

Total assets minus all liabilities

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company number

04262844

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

August 2001

ultimate parent company

None

previous names

abubble events limited (October 2003)

address

unit 3, kings park industrial estate, kings langley, hertfordshire, WD4 8ST

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.

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air 3 limited Company Information

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air 3 limited Estimated Valuation

air 3 limited Estimated Valuation

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