Air Conditioning Refrigeration Electrical Wholesale Limited

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air conditioning refrigeration electrical wholesale limited Company Information

Company Number

05005513

Next Accounts

500 days late

Directors

Said Mohamed

Arshad Mohit

Shareholders

said saleh mohamed

arshad mohit

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Group Structure

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Industry

Agents specialised in the sale of other particular products

Registered Address

6a nesbitts alley, barnet, EN5 5XG

Website

http://arewholesale.co.uk

air conditioning refrigeration electrical wholesale limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of AIR CONDITIONING REFRIGERATION ELECTRICAL WHOLESALE LIMITED at £1.7m based on a Turnover of £3.2m and 0.54x industry multiple (adjusted for size and gross margin).

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Air Conditioning Refrigeration Electrical Wholesale Limited is a live company located in barnet, EN5 5XG with a Companies House number of 05005513. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in January 2004, it's largest shareholder is said saleh mohamed with a 58.7% stake. Air Conditioning Refrigeration Electrical Wholesale Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Air Conditioning Refrigeration Electrical Wholesale Limited a 2 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 Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.5%)

EXPORT

Air Conditioning Refrigeration Electrical Wholesale Limited's latest turnover from February 2022 is estimated at £3.2 million and the company has net assets of £56.6 thousand. According to their latest financial statements, Air Conditioning Refrigeration Electrical Wholesale Limited has 12 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	3,172,276	2,941,511	4,152,773	4,143,378	4,550,310	3,880,407	3,334,264	4,242,524	3,186,532	2,846,457	1,976,019	1,678,686	1,405,346
Other Income Or Grants
Cost Of Sales	2,229,829	2,101,034	2,958,308	2,894,316	3,277,750	2,815,319	2,391,480	3,079,333	2,370,674	2,135,012	1,478,157	1,255,349	1,028,817
Gross Profit	942,447	840,478	1,194,465	1,249,063	1,272,561	1,065,087	942,784	1,163,191	815,857	711,445	497,862	423,337	376,529
Admin Expenses	987,133	930,376	1,260,701	1,272,297	1,327,296	1,091,167	852,975	1,124,367	756,720	712,561	478,785	404,459	17,300
Operating Profit	-44,686	-89,898	-66,236	-23,234	-54,735	-26,080	89,809	38,824	59,137	-1,116	19,077	18,878	359,229
Interest Payable	36,536	27,428	9,703
Interest Receivable	302	64	127	289	259	128	194	51	16	44	150	179	61
Pre-Tax Profit	-80,920	-117,262	-75,812	-22,945	-54,476	-25,952	90,003	38,875	59,153	-1,072	19,227	19,057	359,290
Tax							-18,000	-8,164	-13,605		-4,999	-5,336	-100,601
Profit After Tax	-80,920	-117,262	-75,812	-22,945	-54,476	-25,952	72,002	30,711	45,548	-1,072	14,228	13,721	258,689
Dividends Paid
Retained Profit	-80,920	-117,262	-75,812	-22,945	-54,476	-25,952	72,002	30,711	45,548	-1,072	14,228	13,721	258,689
Employee Costs	644,318	643,824	803,122	785,053	752,831	733,056	600,310	616,894	418,617	424,699	253,465	243,157	263,906
Number Of Employees	12	13	16	16	16	16	13	14	10	10	6	6	7
EBITDA*	-27,359	-70,257	-43,659	-18,448	-25,513	-15,719	98,446	48,603	68,160	6,993	22,438	23,452	363,119

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	99,484	113,477	124,453	147,030	169,390	58,426	49,016	52,333	51,121	45,951	19,059	19,227	13,127
Intangible Assets
Investments & Other
Debtors (Due After 1 year)	22,964	22,964	22,964
Total Fixed Assets	122,448	136,441	147,417	147,030	169,390	58,426	49,016	52,333	51,121	45,951	19,059	19,227	13,127
Stock & work in progress	1,166,179	1,172,959	1,196,143	1,202,272	954,238	698,515	547,345	545,344	659,909	455,648	394,900	405,000	359,910
Trade Debtors	74,272	148,278	272,720	327,067	582,373	547,408	475,834	575,428	304,743	376,884	259,196	186,337	146,569
Group Debtors
Misc Debtors		34,428	8,920	28,855	64,564	63,309	111,448	48,888	22,093
Cash	10,049	110,856	16,481	17,438	59,500	43,975	58,452	18,970	1,329	5,000	12,706	47,274	24,331
misc current assets
total current assets	1,250,500	1,466,521	1,494,264	1,575,632	1,660,675	1,353,207	1,193,079	1,188,630	988,074	837,532	666,802	638,611	530,810
total assets	1,372,948	1,602,962	1,641,681	1,722,662	1,830,065	1,411,633	1,242,095	1,240,963	1,039,195	883,483	685,861	657,838	543,937
Bank overdraft	8,956
Bank loan
Trade Creditors	558,433	416,758	667,111	741,148	826,292	635,045	512,215	879,038	707,981	597,817	399,123	385,328	285,148
Group/Directors Accounts
other short term finances	153,561	258,928	287,500
hp & lease commitments
other current liabilities	245,530	436,952	432,324	650,956	650,274	368,613	295,953
total current liabilities	966,480	1,112,638	1,386,935	1,392,104	1,476,566	1,003,658	808,168	879,038	707,981	597,817	399,123	385,328	285,148
loans	349,904	352,840
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	349,904	352,840
total liabilities	1,316,384	1,465,478	1,386,935	1,392,104	1,476,566	1,003,658	808,168	879,038	707,981	597,817	399,123	385,328	285,148
net assets	56,564	137,484	254,746	330,558	353,499	407,975	433,927	361,925	331,214	285,666	286,738	272,510	258,789
total shareholders funds	56,564	137,484	254,746	330,558	353,499	407,975	433,927	361,925	331,214	285,666	286,738	272,510	258,789

	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-44,686	-89,898	-66,236	-23,234	-54,735	-26,080	89,809	38,824	59,137	-1,116	19,077	18,878	359,229
Depreciation	17,327	19,641	22,577	4,786	29,222	10,361	8,637	9,779	9,023	8,109	3,361	4,574	3,890
Amortisation
Tax							-18,000	-8,164	-13,605		-4,999	-5,336	-100,601
Stock	-6,780	-23,184	-6,129	248,034	255,723	151,170	2,001	-114,565	204,261	60,748	-10,100	45,090	359,910
Debtors	-108,434	-98,934	-51,318	-291,015	36,220	23,435	-37,034	297,480	-50,048	117,688	72,859	39,768	146,569
Creditors	141,675	-250,353	-74,037	-85,144	191,247	122,830	-366,823	171,057	110,164	198,694	13,795	100,180	285,148
Accruals and Deferred Income	-191,422	4,628	-218,632	682	281,661	72,660	295,953
Deferred Taxes & Provisions
Cash flow from operations	38,108	-193,864	-278,881	-59,929	155,452	5,166	44,609	28,581	10,506	27,251	-31,525	33,438	41,187
Investing Activities
capital expenditure	-3,334	-8,665		17,574	-140,186	-19,771	-5,320	-10,991	-14,193	-35,001	-3,193	-10,674	-17,017
Change in Investments
cash flow from investments	-3,334	-8,665		17,574	-140,186	-19,771	-5,320	-10,991	-14,193	-35,001	-3,193	-10,674	-17,017
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans	-105,367	-28,572	287,500
Long term loans	-2,936	352,840
Hire Purchase and Lease Commitments
other long term liabilities
share issue				4									100
interest	-36,234	-27,364	-9,576	289	259	128	194	51	16	44	150	179	61
cash flow from financing	-144,537	296,904	277,924	293	259	128	194	51	16	44	150	179	161
cash and cash equivalents
cash	-100,807	94,375	-957	-42,062	15,525	-14,477	39,482	17,641	-3,671	-7,706	-34,568	22,943	24,331
overdraft	8,956
change in cash	-109,763	94,375	-957	-42,062	15,525	-14,477	39,482	17,641	-3,671	-7,706	-34,568	22,943	24,331

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 conditioning refrigeration electrical wholesale 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 EN5 area or any other competitors across 12 key performance metrics.

AIR CONDITIONING REFRIGERATION ELECTRICAL WHOLESALE LIMITED group structure

Air Conditioning Refrigeration Electrical Wholesale Limited has no subsidiary companies.

Ultimate parent company

AIR CONDITIONING REFRIGERATION ELECTRICAL WHOLESALE LIMITED

05005513

AIR CONDITIONING REFRIGERATION ELECTRICAL WHOLESALE LIMITED Shareholders

said saleh mohamed	58.65%
arshad mohit	39.42%
fardous mahmoud	0.96%
yousrah mohit	0.96%

Air Conditioning Refrigeration Electrical Wholesale Limited currently has 2 directors. The longest serving directors include Mr Said Mohamed (Jan 2004) and Mr Arshad Mohit (Aug 2012).

officer	country	age	start	end	role
Mr Said Mohamed	England	45 years	Jan 2004	-	Director
Mr Arshad Mohit	England	42 years	Aug 2012	-	Director

P&L

February 2022

turnover

3.2m

+8%

operating profit

-44.7k

gross margin

29.8%

+3.98%

turnover

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

Balance Sheet

February 2022

net assets

56.6k

-0.59%

total assets

1.4m

-0.14%

cash

10k

-0.91%

net assets

Total assets minus all liabilities

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company number

05005513

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

January 2004

ultimate parent company

None

previous names

N/A

address

6a nesbitts alley, barnet, EN5 5XG

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 2 charges/mortgages relating to air conditioning refrigeration electrical wholesale limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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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air conditioning refrigeration electrical wholesale limited Company Information

air conditioning refrigeration electrical wholesale limited Estimated Valuation

air conditioning refrigeration electrical wholesale limited Estimated Valuation

air conditioning refrigeration electrical wholesale limited Estimated Valuation

Air Conditioning Refrigeration Electrical Wholesale Limited Overview

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AIR CONDITIONING REFRIGERATION ELECTRICAL WHOLESALE LIMITED financials

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