airblast eurospray limited

airblast eurospray limited Company Information

Share AIRBLAST EUROSPRAY LIMITED
Live 
MatureSmallDeclining

Company Number

04490235

Industry

Retail sale of hardware, paints and glass in specialised stores

 

Shareholders

richard hiblin

jonathan cook

Group Structure

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Contact

Registered Address

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

airblast eurospray limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of AIRBLAST EUROSPRAY LIMITED at £1.2m based on a Turnover of £3.1m and 0.4x industry multiple (adjusted for size and gross margin).

airblast eurospray limited Estimated Valuation

£0

Pomanda estimates the enterprise value of AIRBLAST EUROSPRAY LIMITED at £0 based on an EBITDA of £-56.5k and a 3.68x industry multiple (adjusted for size and gross margin).

airblast eurospray limited Estimated Valuation

£0

Pomanda estimates the enterprise value of AIRBLAST EUROSPRAY LIMITED at £0 based on Net Assets of £-72.8k and 2.36x industry multiple (adjusted for liquidity).

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Airblast Eurospray Limited Overview

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 £3.1m with declining growth in recent years.

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Airblast Eurospray Limited Health Check

Pomanda's financial health check has awarded Airblast Eurospray Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

4 Regular

positive_score

6 Weak

size

Size

annual sales of £3.1m, make it smaller than the average company (£11.7m)

£3.1m - Airblast Eurospray Limited

£11.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.1%)

-4% - Airblast Eurospray Limited

8.1% - Industry AVG

production

Production

with a gross margin of 31.6%, this company has a comparable cost of product (31.6%)

31.6% - Airblast Eurospray Limited

31.6% - Industry AVG

profitability

Profitability

an operating margin of -1.8% make it less profitable than the average company (4.2%)

-1.8% - Airblast Eurospray Limited

4.2% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (50)

4 - Airblast Eurospray Limited

50 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)

£32.3k - Airblast Eurospray Limited

£32.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £785.3k, this is more efficient (£212.1k)

£785.3k - Airblast Eurospray Limited

£212.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is near the average (39 days)

46 days - Airblast Eurospray Limited

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 199 days, this is slower than average (42 days)

199 days - Airblast Eurospray Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 117 days, this is in line with average (105 days)

117 days - Airblast Eurospray Limited

105 days - Industry AVG

cashbalance

Cash Balance

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

6 weeks - Airblast Eurospray Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 104.1%, this is a higher level of debt than the average (47.6%)

104.1% - Airblast Eurospray Limited

47.6% - Industry AVG

AIRBLAST EUROSPRAY LIMITED financials

EXPORTms excel logo

Airblast Eurospray Limited's latest turnover from March 2024 is estimated at £3.1 million and the company has net assets of -£72.8 thousand. According to their latest financial statements, Airblast Eurospray Limited has 4 employees and maintains cash reserves of £241.7 thousand 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
Turnover3,141,0863,041,3913,237,7713,551,6392,987,8854,209,6582,965,6563,540,8184,160,13911,985,10412,764,9989,256,0926,649,7796,012,0482,747,222
Other Income Or Grants000000000000000
Cost Of Sales2,149,8482,059,2692,111,5522,237,9531,906,2352,639,4011,820,8912,211,7902,663,1977,580,7018,084,2675,692,0174,071,8543,755,2601,700,739
Gross Profit991,238982,1221,126,2181,313,6861,081,6511,570,2581,144,7651,329,0281,496,9424,404,4034,680,7313,564,0752,577,9252,256,7881,046,483
Admin Expenses1,047,866987,9781,146,7311,300,0241,043,9191,411,937976,6631,457,2181,476,3434,392,2244,707,9763,432,2572,586,9202,331,1391,245,791
Operating Profit-56,628-5,856-20,51313,66237,732158,321168,102-128,19020,59912,179-27,245131,818-8,995-74,351-199,308
Interest Payable3,0943,8443,1221,52500000000000
Interest Receivable12,5239,5012,1252122491,7091281233072322002371714526
Pre-Tax Profit-47,199-199-21,51012,34937,980160,030168,230-128,06720,90612,411-27,045132,055-8,824-74,306-199,282
Tax000-2,346-7,216-30,406-31,9640-4,181-2,6060-31,693000
Profit After Tax-47,199-199-21,51010,00330,764129,624136,266-128,06716,7259,805-27,045100,362-8,824-74,306-199,282
Dividends Paid000000000000000
Retained Profit-47,199-199-21,51010,00330,764129,624136,266-128,06716,7259,805-27,045100,362-8,824-74,306-199,282
Employee Costs129,368154,580173,214150,036151,900160,311150,587167,453195,1222,033,7182,494,5901,796,1651,261,9411,067,364464,215
Number Of Employees4566677899911895675928
EBITDA*-56,465-5,645-20,27914,02038,106158,727178,848-117,26631,83123,543-15,502144,0283,534-61,820-187,082

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4866497041,1381,3261,2151,6212,1622,8823,7824,6116,1877,6818,4425,955
Intangible Assets0000005,81216,01726,22136,42646,63056,83567,03977,24487,448
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4866497041,1381,3261,2157,43318,17929,10340,20851,24163,02274,72085,68693,403
Stock & work in progress690,230627,962616,388620,448620,400594,844578,449558,969711,330554,685545,546483,101339,419259,867275,430
Trade Debtors400,257365,615340,997366,046274,116549,067294,582358,824261,5241,044,017790,465735,763632,501562,933267,547
Group Debtors000000000000000
Misc Debtors427,720396,776355,027335,318410,9110000000000
Cash241,680235,387211,713354,98269,471427,64728,06622,97075,68647,10645,85634,29560,5787,67910,319
misc current assets000000000000000
total current assets1,759,8871,625,7401,524,1251,676,7941,374,8981,571,558901,097940,7631,048,5401,645,8081,381,8671,253,1591,032,498830,479553,296
total assets1,760,3731,626,3891,524,8291,677,9321,376,2241,572,773908,530958,9421,077,6431,686,0161,433,1081,316,1811,107,218916,165646,699
Bank overdraft10,00010,00010,000000000000000
Bank loan0007,50000000000000
Trade Creditors 1,173,2501,138,6501,269,2611,604,5971,369,2201,617,1841,082,4881,269,4741,260,1081,885,2061,642,1031,498,1311,389,5301,189,653645,881
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities637,406480,823238,45326,99320,6300000000000
total current liabilities1,820,6561,629,4731,517,7141,639,0901,389,8501,617,1841,082,4881,269,4741,260,1081,885,2061,642,1031,498,1311,389,5301,189,653645,881
loans12,50022,50032,50042,50000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000000000200,000
provisions00021725223130800000000
total long term liabilities12,50022,50032,50042,7172522313080000000200,000
total liabilities1,833,1561,651,9731,550,2141,681,8071,390,1021,617,4151,082,7961,269,4741,260,1081,885,2061,642,1031,498,1311,389,5301,189,653845,881
net assets-72,783-25,584-25,385-3,875-13,878-44,642-174,266-310,532-182,465-199,190-208,995-181,950-282,312-273,488-199,182
total shareholders funds-72,783-25,584-25,385-3,875-13,878-44,642-174,266-310,532-182,465-199,190-208,995-181,950-282,312-273,488-199,182
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-56,628-5,856-20,51313,66237,732158,321168,102-128,19020,59912,179-27,245131,818-8,995-74,351-199,308
Depreciation1632112343583744065417201,0271,1601,5382,0062,3242,3272,021
Amortisation00000010,20510,20410,20510,20410,20510,20410,20510,20410,205
Tax000-2,346-7,216-30,406-31,9640-4,181-2,6060-31,693000
Stock62,26811,574-4,0604825,55616,39519,480-152,361156,6459,13962,445143,68279,552-15,563275,430
Debtors65,58666,367-5,34016,337135,960254,485-64,24297,300-782,493253,55254,702103,26269,568295,386267,547
Creditors34,600-130,611-335,336235,377-247,964534,696-186,9869,366-625,098243,103143,972108,601199,877543,772645,881
Accruals and Deferred Income156,583242,370211,4606,36320,6300000000000
Deferred Taxes & Provisions00-217-3521-7730800000000
Cash flow from operations6,86428,173-134,972236,994-357,939392,0604,968-52,83928,4001,34911,323-26,00854,291202,129-84,178
Investing Activities
capital expenditure0-156200-170-4855,81200-127-33138-512-1,563-4,814-105,629
Change in Investments000000000000000
cash flow from investments0-156200-170-4855,81200-127-33138-512-1,563-4,814-105,629
Financing Activities
Bank loans00-7,5007,50000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-10,000-10,000-10,00042,50000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000000000-200,000200,000
share issue00000000000000100
interest9,4295,657-997-1,3132491,7091281233072322002371714526
cash flow from financing-571-4,343-18,49748,6872491,709128123307232200237171-199,955200,126
cash and cash equivalents
cash6,29323,674-143,269285,511-358,176399,5815,096-52,71628,5801,25011,561-26,28352,899-2,64010,319
overdraft0010,000000000000000
change in cash6,29323,674-153,269285,511-358,176399,5815,096-52,71628,5801,25011,561-26,28352,899-2,64010,319

airblast eurospray limited 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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Airblast Eurospray Limited Competitor Analysis

competitor_analysis_table_img

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 Ownership

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 directors

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

officercountryagestartendrole
Mr Richard Hiblin76 years Jul 2002- Director
Mr Jonathan Cook57 years Jul 2002- Director

P&L

March 2024

turnover

3.1m

+3%

operating profit

-56.6k

0%

gross margin

31.6%

-2.28%

turnover

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

Balance Sheet

March 2024

net assets

-72.8k

+1.84%

total assets

1.8m

+0.08%

cash

241.7k

+0.03%

net assets

Total assets minus all liabilities

airblast eurospray limited company details

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

age

23

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

airblast north america limited (November 2008)

accountant

WRIGHT VIGAR LIMITED

auditor

-

address

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

Bank

-

Legal Advisor

-

airblast eurospray 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 did not find charges/mortgages relating to airblast eurospray limited.

airblast eurospray 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.

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airblast eurospray limited Companies House Filings - See Documents

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