Airblast Eurospray Limited

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airblast eurospray limited Company Information

Live

MatureSmallDeclining

Company Number

04490235

Next Accounts

Dec 2024

Industry

Retail sale of hardware, paints and glass in specialised stores

Directors

Jonathan Cook

Richard Hiblin

Shareholders

richard hiblin

jonathan cook

Group Structure

View All

Contact

Registered Address

king street industrial estate, langtoft, peterborough, cambs, PE6 9NF

Website

www.airblast.co.uk

airblast eurospray limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of AIRBLAST EUROSPRAY LIMITED at £1.4m based on a Turnover of £3.4m and 0.41x industry multiple (adjusted for size and gross margin).

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Airblast Eurospray Limited is a live company located in peterborough, PE6 9NF with a Companies House number of 04490235. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in July 2002, it's largest shareholder is richard hiblin with a 60% stake. Airblast Eurospray Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Airblast Eurospray Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£6.4m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.7%)

EXPORT

Airblast Eurospray Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of -£25.6 thousand. According to their latest financial statements, Airblast Eurospray Limited has 5 employees and maintains cash reserves of £235.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	3,382,009	4,186,865	4,199,732	3,432,471	4,714,147	3,043,883	3,753,114	4,108,693	11,914,798	12,629,492	9,180,595	6,630,698	5,981,435	2,745,372
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,177,481	2,610,901	2,630,262	2,157,474	2,878,531	1,858,240	2,313,342	2,630,263	7,536,232	7,998,449	5,645,590	4,060,170	3,736,138	1,699,594
Gross Profit	1,204,528	1,575,964	1,569,470	1,274,996	1,835,617	1,185,643	1,439,772	1,478,430	4,378,566	4,631,043	3,535,005	2,570,528	2,245,297	1,045,778
Admin Expenses	1,210,384	1,596,477	1,555,808	1,237,264	1,677,296	1,017,541	1,567,962	1,457,831	4,366,387	4,658,288	3,403,187	2,579,523	2,319,648	1,245,086
Operating Profit	-5,856	-20,513	13,662	37,732	158,321	168,102	-128,190	20,599	12,179	-27,245	131,818	-8,995	-74,351	-199,308
Interest Payable	3,844	3,122	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,501	2,125	212	249	1,709	128	123	307	232	200	237	171	45	26
Pre-Tax Profit	-199	-21,510	12,349	37,980	160,030	168,230	-128,067	20,906	12,411	-27,045	132,055	-8,824	-74,306	-199,282
Tax	0	0	-2,346	-7,216	-30,406	-31,964	0	-4,181	-2,606	0	-31,693	0	0	0
Profit After Tax	-199	-21,510	10,003	30,764	129,624	136,266	-128,067	16,725	9,805	-27,045	100,362	-8,824	-74,306	-199,282
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-199	-21,510	10,003	30,764	129,624	136,266	-128,067	16,725	9,805	-27,045	100,362	-8,824	-74,306	-199,282
Employee Costs	135,534	153,456	144,564	136,189	152,952	146,521	158,442	195,122	2,033,718	2,473,449	1,777,258	1,261,941	1,067,364	464,215
Number Of Employees	5	6	6	6	7	7	8	9	99	117	94	67	59	28
EBITDA*	-5,645	-20,279	14,020	38,106	158,727	178,848	-117,266	31,831	23,543	-15,502	144,028	3,534	-61,820	-187,082

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	649	704	1,138	1,326	1,215	1,621	2,162	2,882	3,782	4,611	6,187	7,681	8,442	5,955
Intangible Assets	0	0	0	0	0	5,812	16,017	26,221	36,426	46,630	56,835	67,039	77,244	87,448
Investments & Other	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
Total Fixed Assets	649	704	1,138	1,326	1,215	7,433	18,179	29,103	40,208	51,241	63,022	74,720	85,686	93,403
Stock & work in progress	627,962	616,388	620,448	620,400	594,844	578,449	558,969	711,330	554,685	545,546	483,101	339,419	259,867	275,430
Trade Debtors	365,615	340,997	366,046	274,116	549,067	294,582	358,824	261,524	1,044,017	790,465	735,763	632,501	562,933	267,547
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	396,776	355,027	335,318	410,911	0	0	0	0	0	0	0	0	0	0
Cash	235,387	211,713	354,982	69,471	427,647	28,066	22,970	75,686	47,106	45,856	34,295	60,578	7,679	10,319
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,625,740	1,524,125	1,676,794	1,374,898	1,571,558	901,097	940,763	1,048,540	1,645,808	1,381,867	1,253,159	1,032,498	830,479	553,296
total assets	1,626,389	1,524,829	1,677,932	1,376,224	1,572,773	908,530	958,942	1,077,643	1,686,016	1,433,108	1,316,181	1,107,218	916,165	646,699
Bank overdraft	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	7,500	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,138,650	1,269,261	1,604,597	1,369,220	1,617,184	1,082,488	1,269,474	1,260,108	1,885,206	1,642,103	1,498,131	1,389,530	1,189,653	645,881
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	480,823	238,453	26,993	20,630	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,629,473	1,517,714	1,639,090	1,389,850	1,617,184	1,082,488	1,269,474	1,260,108	1,885,206	1,642,103	1,498,131	1,389,530	1,189,653	645,881
loans	22,500	32,500	42,500	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	0	0	0	200,000
provisions	0	0	217	252	231	308	0	0	0	0	0	0	0	0
total long term liabilities	22,500	32,500	42,717	252	231	308	0	0	0	0	0	0	0	200,000
total liabilities	1,651,973	1,550,214	1,681,807	1,390,102	1,617,415	1,082,796	1,269,474	1,260,108	1,885,206	1,642,103	1,498,131	1,389,530	1,189,653	845,881
net assets	-25,584	-25,385	-3,875	-13,878	-44,642	-174,266	-310,532	-182,465	-199,190	-208,995	-181,950	-282,312	-273,488	-199,182
total shareholders funds	-25,584	-25,385	-3,875	-13,878	-44,642	-174,266	-310,532	-182,465	-199,190	-208,995	-181,950	-282,312	-273,488	-199,182

	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	-5,856	-20,513	13,662	37,732	158,321	168,102	-128,190	20,599	12,179	-27,245	131,818	-8,995	-74,351	-199,308
Depreciation	211	234	358	374	406	541	720	1,027	1,160	1,538	2,006	2,324	2,327	2,021
Amortisation	0	0	0	0	0	10,205	10,204	10,205	10,204	10,205	10,204	10,205	10,204	10,205
Tax	0	0	-2,346	-7,216	-30,406	-31,964	0	-4,181	-2,606	0	-31,693	0	0	0
Stock	11,574	-4,060	48	25,556	16,395	19,480	-152,361	156,645	9,139	62,445	143,682	79,552	-15,563	275,430
Debtors	66,367	-5,340	16,337	135,960	254,485	-64,242	97,300	-782,493	253,552	54,702	103,262	69,568	295,386	267,547
Creditors	-130,611	-335,336	235,377	-247,964	534,696	-186,986	9,366	-625,098	243,103	143,972	108,601	199,877	543,772	645,881
Accruals and Deferred Income	242,370	211,460	6,363	20,630	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-217	-35	21	-77	308	0	0	0	0	0	0	0	0
Cash flow from operations	28,173	-134,972	236,994	-357,939	392,060	4,968	-52,839	28,400	1,349	11,323	-26,008	54,291	202,129	-84,178
Investing Activities
capital expenditure	-156	200	-170	-485	5,812	0	0	-127	-331	38	-512	-1,563	-4,814	-105,629
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-156	200	-170	-485	5,812	0	0	-127	-331	38	-512	-1,563	-4,814	-105,629
Financing Activities
Bank loans	0	-7,500	7,500	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	42,500	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	0	0	0	-200,000	200,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	5,657	-997	-1,313	249	1,709	128	123	307	232	200	237	171	45	26
cash flow from financing	-4,343	-18,497	48,687	249	1,709	128	123	307	232	200	237	171	-199,955	200,126
cash and cash equivalents
cash	23,674	-143,269	285,511	-358,176	399,581	5,096	-52,716	28,580	1,250	11,561	-26,283	52,899	-2,640	10,319
overdraft	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	23,674	-153,269	285,511	-358,176	399,581	5,096	-52,716	28,580	1,250	11,561	-26,283	52,899	-2,640	10,319

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 airblast eurospray limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in PE6 area or any other competitors across 12 key performance metrics.

AIRBLAST EUROSPRAY LIMITED group structure

Airblast Eurospray Limited has no subsidiary companies.

Ultimate parent company

AIRBLAST EUROSPRAY LIMITED

04490235

AIRBLAST EUROSPRAY LIMITED Shareholders

richard hiblin	60%
jonathan cook	40%

Airblast Eurospray Limited currently has 2 directors. The longest serving directors include Mr Jonathan Cook (Jul 2002) and Mr Richard Hiblin (Jul 2002).

officer	country	age	start	end	role
Mr Jonathan Cook		57 years	Jul 2002	-	Director
Mr Richard Hiblin	United Kingdom	76 years	Jul 2002	-	Director

P&L

March 2023

turnover

3.4m

-19%

operating profit

-5.9k

gross margin

35.7%

-5.38%

turnover

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

Balance Sheet

March 2023

net assets

-25.6k

+0.01%

total assets

1.6m

+0.07%

cash

235.4k

+0.11%

net assets

Total assets minus all liabilities

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company number

04490235

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

July 2002

ultimate parent company

None

previous names

airblast north america limited (November 2008)

address

king street industrial estate, langtoft, peterborough, cambs, PE6 9NF

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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airblast eurospray limited Company Information

airblast eurospray limited Estimated Valuation

airblast eurospray limited Estimated Valuation

airblast eurospray limited Estimated Valuation

Airblast Eurospray Limited Overview

Airblast Eurospray Limited Health Check

AIRBLAST EUROSPRAY LIMITED financials

airblast eurospray limited Credit Report and Business Information

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airblast eurospray limited Ownership

airblast eurospray limited directors

airblast eurospray limited company details

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