Mid-air Site Services Limited

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mid-air site services limited Company Information

Company Number

05082182

Next Accounts

May 2025

Directors

Stuart Slack

Matthew Slack

Shareholders

matthew slack

stuart slack

Group Structure

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Industry

Plumbing, heat and air-conditioning installation

Registered Address

unit 3 ameycroft farm yard, farley, matlock, DE4 5LR

Website

www.midairsiteservices.co.uk

mid-air site services limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of MID-AIR SITE SERVICES LIMITED at £3.2m based on Net Assets of £1.1m and 2.93x industry multiple (adjusted for liquidity).

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Mid-air Site Services Limited is a live company located in matlock, DE4 5LR with a Companies House number of 05082182. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2004, it's largest shareholder is matthew slack with a 50% stake. Mid-air Site Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with low growth in recent years.

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

Health Rating4out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £3.1m, make it larger than the average company (£406.6k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)

EXPORT

Mid-Air Site Services Limited's latest turnover from August 2023 is estimated at £3.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Mid-Air Site Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,102,081	2,788,979	2,311,315	2,774,205	2,561,885	6,096,468	6,406,408	4,918,289	3,886,598	1,109,343	1,255,341	612,141	416,555	271,752	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,559,809	2,280,811	1,912,538	2,248,561	2,080,821	4,853,896	5,009,532	3,870,260	3,055,361	869,623	975,115	463,507	310,511	197,820	0
Gross Profit	542,272	508,168	398,777	525,644	481,064	1,242,572	1,396,876	1,048,029	831,237	239,720	280,226	148,634	106,045	73,932	0
Admin Expenses	368,492	362,963	217,882	353,917	245,739	1,296,034	1,319,790	977,060	745,072	163,308	120,898	81,640	107,320	81,126	-12,374
Operating Profit	173,780	145,205	180,895	171,727	235,325	-53,462	77,086	70,969	86,165	76,412	159,328	66,994	-1,275	-7,194	12,374
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	6	22	122	112	22	29	13
Pre-Tax Profit	173,780	145,205	180,895	171,727	235,325	-53,462	77,086	70,969	86,171	76,434	159,449	67,105	-1,253	-7,165	12,388
Tax	-43,445	-27,589	-34,370	-32,628	-44,712	0	-14,646	-14,194	-17,234	-16,051	-36,673	-16,105	0	0	-3,468
Profit After Tax	130,335	117,616	146,525	139,099	190,613	-53,462	62,440	56,775	68,937	60,383	122,776	51,000	-1,253	-7,165	8,919
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	130,335	117,616	146,525	139,099	190,613	-53,462	62,440	56,775	68,937	60,383	122,776	51,000	-1,253	-7,165	8,919
Employee Costs	65,494	65,781	65,616	67,175	67,222	69,911	63,023	791,757	490,075	172,874	181,457	101,795	103,885	64,105	0
Number Of Employees	2	2	2	2	2	2	2	22	14	5	5	3	3	2	0
EBITDA*	173,780	145,205	180,895	171,727	235,325	-53,462	77,086	118,567	121,471	96,362	179,315	72,533	4,504	-2,364	17,910

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	36,152	51,220	69,720	92,950	123,934	165,247	137,811	162,392	100,033	59,858	73,694	16,621	22,160	14,493	16,611
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	36,152	51,220	69,720	92,950	123,934	165,247	137,811	162,392	100,033	59,858	73,694	16,621	22,160	14,493	16,611
Stock & work in progress	0	0	0	0	0	0	0	1,693,000	1,131,000	189,250	2,750	53,500	32,000	44,446	67,294
Trade Debtors	1,402,668	1,340,587	1,155,678	1,109,087	985,234	2,118,397	2,219,079	406,562	462,823	259,800	366,402	134,023	90,777	42,126	89,894
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	2,499	6,419	42,300	2,347	6,342	5,346
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,402,668	1,340,587	1,155,678	1,109,087	985,234	2,118,397	2,219,079	2,099,562	1,593,823	451,549	375,571	229,823	125,124	92,914	162,534
total assets	1,438,820	1,391,807	1,225,398	1,202,037	1,109,168	2,283,644	2,356,890	2,261,954	1,693,856	511,407	449,265	246,444	147,284	107,407	179,145
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	345,282	428,604	379,811	502,975	549,205	1,824,490	1,844,274	1,811,776	1,390,257	276,745	274,986	194,941	146,781	105,651	170,224
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	345,282	428,604	379,811	502,975	549,205	1,824,490	1,844,274	1,811,776	1,390,257	276,745	274,986	194,941	146,781	105,651	170,224
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	89,804	89,804	89,804	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	89,804	89,804	89,804	0	0	0	0	0	0	0
total liabilities	345,282	428,604	379,811	502,975	549,205	1,914,294	1,934,078	1,901,580	1,390,257	276,745	274,986	194,941	146,781	105,651	170,224
net assets	1,093,538	963,203	845,587	699,062	559,963	369,350	422,812	360,374	303,599	234,662	174,279	51,503	503	1,756	8,921
total shareholders funds	1,093,538	963,203	845,587	699,062	559,963	369,350	422,812	360,374	303,599	234,662	174,279	51,503	503	1,756	8,921

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	173,780	145,205	180,895	171,727	235,325	-53,462	77,086	70,969	86,165	76,412	159,328	66,994	-1,275	-7,194	12,374
Depreciation	0	0	0	0	0	0	0	47,598	35,306	19,950	19,987	5,539	5,779	4,830	5,536
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-43,445	-27,589	-34,370	-32,628	-44,712	0	-14,646	-14,194	-17,234	-16,051	-36,673	-16,105	0	0	-3,468
Stock	0	0	0	0	0	0	-1,693,000	562,000	941,750	186,500	-50,750	21,500	-12,446	-22,848	67,294
Debtors	62,081	184,909	46,591	123,853	-1,133,163	-100,682	1,812,517	-56,261	203,023	-106,602	232,379	43,246	48,651	-47,768	89,894
Creditors	-83,322	48,793	-123,164	-46,230	-1,275,285	-19,784	32,498	421,519	1,113,512	1,759	80,045	48,160	41,130	-64,573	170,224
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-15,068	-18,500	-23,230	-30,984	48,491	27,436	-24,579	20,153	72,976	2,172	41,058	39,842	9,429	3,679	27,478
Investing Activities
capital expenditure	15,068	18,500	23,230	30,984	41,313	-27,436	24,581	-109,957	-75,481	-6,114	-77,060	0	-13,446	-2,712	-22,147
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	15,068	18,500	23,230	30,984	41,313	-27,436	24,581	-109,957	-75,481	-6,114	-77,060	0	-13,446	-2,712	-22,147
Financing Activities
Bank loans	0	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	-89,804	0	0	89,804	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2	0	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	0	0	6	22	122	112	22	29	13
cash flow from financing	0	0	0	0	-89,804	0	-2	89,804	6	22	122	112	22	29	15
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	-2,499	-3,920	-35,881	39,953	-3,995	996	5,346
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	-2,499	-3,920	-35,881	39,953	-3,995	996	5,346

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MID-AIR SITE SERVICES LIMITED group structure

Mid-Air Site Services Limited has no subsidiary companies.

Ultimate parent company

MID-AIR SITE SERVICES LIMITED

05082182

MID-AIR SITE SERVICES LIMITED Shareholders

matthew slack	50%
stuart slack	50%

Mid-Air Site Services Limited currently has 2 directors. The longest serving directors include Mr Stuart Slack (Mar 2004) and Mr Matthew Slack (Mar 2004).

officer	country	age	start	end	role
Mr Stuart Slack	England	73 years	Mar 2004	-	Director
Mr Matthew Slack		43 years	Mar 2004	-	Director

P&L

August 2023

turnover

3.1m

+11%

operating profit

173.8k

gross margin

17.5%

-4.06%

turnover

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

Balance Sheet

August 2023

net assets

1.1m

+0.14%

total assets

1.4m

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

05082182

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

March 2004

ultimate parent company

None

previous names

N/A

address

unit 3 ameycroft farm yard, farley, matlock, DE4 5LR

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 4 charges/mortgages relating to mid-air site services limited. Currently there are 2 open charges and 2 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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mid-air site services limited Company Information

mid-air site services limited Estimated Valuation

mid-air site services limited Estimated Valuation

mid-air site services limited Estimated Valuation

Mid-air Site Services Limited Overview

Mid-air Site Services Limited Health Check

MID-AIR SITE SERVICES LIMITED financials

mid-air site services limited Credit Report and Business Information

Mid-air Site Services Limited Competitor Analysis

mid-air site services limited Ownership

mid-air site services limited directors

mid-air site services limited company details

mid-air site services limited Charges & Mortgages

mid-air site services limited Capital Raised & Share Issues BETA

mid-air site services limited Companies House Filings - See Documents