airstate ltd
airstate ltd Company Information
Company Number
05556492
Next Accounts
76 days late
Industry
Sound recording and music publishing activities
Shareholders
adelphoi music publishing ltd
Group Structure
View All
Contact
Registered Address
26 litchfield street, london, WC2H 9TZ
Website
www.airstate.comairstate ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRSTATE LTD at £49.1k based on a Turnover of £82.3k and 0.6x industry multiple (adjusted for size and gross margin).
airstate ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRSTATE LTD at £0 based on an EBITDA of £-18.9k and a 3.23x industry multiple (adjusted for size and gross margin).
airstate ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRSTATE LTD at £0 based on Net Assets of £-561k and 1.85x industry multiple (adjusted for liquidity).
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Airstate Ltd Overview
Airstate Ltd is a live company located in london, WC2H 9TZ with a Companies House number of 05556492. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in September 2005, it's largest shareholder is adelphoi music publishing ltd with a 100% stake. Airstate Ltd is a established, micro sized company, Pomanda has estimated its turnover at £82.3k with declining growth in recent years.
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Airstate Ltd Health Check
Pomanda's financial health check has awarded Airstate Ltd a 1.5 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
2 Strong
2 Regular
7 Weak
Size
annual sales of £82.3k, make it smaller than the average company (£650.5k)
- Airstate Ltd
£650.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (8.1%)
- Airstate Ltd
8.1% - Industry AVG
Production
with a gross margin of 41.5%, this company has a comparable cost of product (41.5%)
- Airstate Ltd
41.5% - Industry AVG
Profitability
an operating margin of -22.9% make it less profitable than the average company (6.8%)
- Airstate Ltd
6.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Airstate Ltd
3 - Industry AVG
Pay Structure
on an average salary of £47.8k, the company has an equivalent pay structure (£47.8k)
- Airstate Ltd
£47.8k - Industry AVG
Efficiency
resulting in sales per employee of £41.1k, this is less efficient (£135k)
- Airstate Ltd
£135k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (32 days)
- Airstate Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (46 days)
- Airstate Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Airstate Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (26 weeks)
19 weeks - Airstate Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 261.2%, this is a higher level of debt than the average (75.6%)
261.2% - Airstate Ltd
75.6% - Industry AVG
AIRSTATE LTD financials
Airstate Ltd's latest turnover from December 2022 is estimated at £82.3 thousand and the company has net assets of -£561 thousand. According to their latest financial statements, Airstate Ltd has 2 employees and maintains cash reserves of £345.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 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 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,620 | 22,443 | 79,239 | 4,821 | 0 | 17,363 | 0 | 24,606 | 32,420 | 36,561 | 39,092 | 36,047 | 41,147 | 30,414 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,972 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 167 | 0 | 0 | 0 | 0 | 6,641 | 750 | 2,650 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 345,221 | 202,740 | 116,513 | 108,421 | 114,536 | 47,418 | 61,456 | 81,994 | 131,247 | 108,360 | 97,328 | 56,011 | 24,831 | 27,472 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 348,008 | 225,183 | 195,752 | 113,242 | 114,536 | 71,422 | 62,206 | 112,222 | 163,667 | 144,921 | 136,420 | 92,058 | 65,978 | 57,886 |
| total assets | 348,008 | 225,183 | 195,752 | 113,242 | 114,536 | 71,422 | 62,206 | 112,222 | 163,667 | 144,921 | 136,420 | 92,058 | 65,978 | 57,886 |
| Bank overdraft | 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 |
| Trade Creditors | 9,353 | 22,434 | 1,760 | 18,126 | 1,079 | 1,216 | 638 | 4,512 | 250,214 | 167,553 | 142,551 | 102,682 | 73,398 | 51,672 |
| Group/Directors Accounts | 611,337 | 520,817 | 497,324 | 420,390 | 361,060 | 300,597 | 253,741 | 178,886 | 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 | 288,329 | 233,663 | 167,079 | 116,348 | 129,534 | 54,113 | 75,653 | 122,844 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 909,019 | 776,914 | 666,163 | 554,864 | 491,673 | 355,926 | 330,032 | 306,242 | 250,214 | 167,553 | 142,551 | 102,682 | 73,398 | 51,672 |
| loans | 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 |
| 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 | 0 |
| provisions | 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 |
| total liabilities | 909,019 | 776,914 | 666,163 | 554,864 | 491,673 | 355,926 | 330,032 | 306,242 | 250,214 | 167,553 | 142,551 | 102,682 | 73,398 | 51,672 |
| net assets | -561,011 | -551,731 | -470,411 | -441,622 | -377,137 | -284,504 | -267,826 | -194,020 | -86,547 | -22,632 | -6,131 | -10,624 | -7,420 | 6,214 |
| total shareholders funds | -561,011 | -551,731 | -470,411 | -441,622 | -377,137 | -284,504 | -267,826 | -194,020 | -86,547 | -22,632 | -6,131 | -10,624 | -7,420 | 6,214 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -19,656 | -56,796 | 74,418 | 4,821 | -24,004 | 23,254 | -29,478 | -2,192 | -4,141 | -2,531 | 3,045 | -5,100 | 10,733 | 30,414 |
| Creditors | -13,081 | 20,674 | -16,366 | 17,047 | -137 | 578 | -3,874 | -245,702 | 82,661 | 25,002 | 39,869 | 29,284 | 21,726 | 51,672 |
| Accruals and Deferred Income | 54,666 | 66,584 | 50,731 | -13,186 | 75,421 | -21,540 | -47,191 | 122,844 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 90,520 | 23,493 | 76,934 | 59,330 | 60,463 | 46,856 | 74,855 | 178,886 | 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 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 142,481 | 86,227 | 8,092 | -6,115 | 67,118 | -14,038 | -20,538 | -49,253 | 22,887 | 11,032 | 41,317 | 31,180 | -2,641 | 27,472 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 142,481 | 86,227 | 8,092 | -6,115 | 67,118 | -14,038 | -20,538 | -49,253 | 22,887 | 11,032 | 41,317 | 31,180 | -2,641 | 27,472 |
airstate ltd Credit Report and Business Information
Airstate Ltd Competitor Analysis
Perform a competitor analysis for airstate ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in WC2H area or any other competitors across 12 key performance metrics.
airstate ltd Ownership
AIRSTATE LTD group structure
Airstate Ltd has no subsidiary companies.
Ultimate parent company
2 parents
AIRSTATE LTD
05556492
airstate ltd directors
Airstate Ltd currently has 2 directors. The longest serving directors include Mr Kirk Zavieh (Sep 2005) and Mr Charles Hodgkinson (Sep 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kirk Zavieh | United Kingdom | 56 years | Sep 2005 | - | Director |
| Mr Charles Hodgkinson | England | 56 years | Sep 2005 | - | Director |
P&L
December 2022turnover
82.3k
-50%
operating profit
-18.9k
0%
gross margin
41.6%
+9.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-561k
+0.02%
total assets
348k
+0.55%
cash
345.2k
+0.7%
net assets
Total assets minus all liabilities
Similar Companies
airstate ltd company details
company number
05556492
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
September 2005
age
19
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
26 litchfield street, london, WC2H 9TZ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
airstate ltd 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 airstate ltd.
airstate ltd 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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airstate ltd Companies House Filings - See Documents
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