ready to air limited
ready to air limited Company Information
Company Number
05978759
Website
www.readytoair.netRegistered Address
58 wimpole street, london, W1G 8YR
Industry
Business and domestic software development
Telephone
02079934487
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
simon townsley 50%
john harrington 38%
View Allready to air limited Estimated Valuation
Pomanda estimates the enterprise value of READY TO AIR LIMITED at £70.2k based on a Turnover of £92k and 0.76x industry multiple (adjusted for size and gross margin).
ready to air limited Estimated Valuation
Pomanda estimates the enterprise value of READY TO AIR LIMITED at £28.2k based on an EBITDA of £5.3k and a 5.35x industry multiple (adjusted for size and gross margin).
ready to air limited Estimated Valuation
Pomanda estimates the enterprise value of READY TO AIR LIMITED at £30.9k based on Net Assets of £13.7k and 2.26x industry multiple (adjusted for liquidity).
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Ready To Air Limited Overview
Ready To Air Limited is a live company located in london, W1G 8YR with a Companies House number of 05978759. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2006, it's largest shareholder is simon townsley with a 50% stake. Ready To Air Limited is a established, micro sized company, Pomanda has estimated its turnover at £92k with high growth in recent years.
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Ready To Air Limited Health Check
Pomanda's financial health check has awarded Ready To Air Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £92k, make it smaller than the average company (£3.7m)
- Ready To Air Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (7.6%)
- Ready To Air Limited
7.6% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
- Ready To Air Limited
72.1% - Industry AVG
Profitability
an operating margin of 5.7% make it more profitable than the average company (3.6%)
- Ready To Air Limited
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (33)
- Ready To Air Limited
33 - Industry AVG
Pay Structure
on an average salary of £67.6k, the company has an equivalent pay structure (£67.6k)
- Ready To Air Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £92k, this is less efficient (£114.5k)
- Ready To Air Limited
£114.5k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (60 days)
- Ready To Air Limited
60 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Ready To Air Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ready To Air Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (19 weeks)
32 weeks - Ready To Air Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.8%, this is a lower level of debt than the average (62.2%)
24.8% - Ready To Air Limited
62.2% - Industry AVG
READY TO AIR LIMITED financials
Ready To Air Limited's latest turnover from December 2022 is estimated at £92 thousand and the company has net assets of £13.7 thousand. According to their latest financial statements, we estimate that Ready To Air Limited has 1 employee and maintains cash reserves of £2.9 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 | Dec 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 | 3 | ||||||||||
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 1,250 | 2,500 | 4,771 | 7,042 | 13,647 | 21,516 | 35,602 | 23,547 | 39,989 | 58,406 |
| 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 | 1,250 | 2,500 | 4,771 | 7,042 | 13,647 | 21,516 | 35,602 | 23,547 | 39,989 | 58,406 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,243 | 9,373 | 7,009 | 8,062 | 12,511 | 14,174 | 20,616 | 7,990 | 47,974 | 45,357 | 21,281 | 20,380 | 18,242 | 5,122 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 100 | 837 | 1,262 | 2,852 | 5,296 | 8,013 | 30,137 | 42,443 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,863 | 1,699 | 3,258 | 4,686 | 14,943 | 57,423 | 79,594 | 70,596 | 43,853 | 54,588 | 62,326 | 20,990 | 9,778 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,206 | 11,909 | 11,529 | 15,600 | 32,750 | 79,610 | 130,347 | 121,029 | 91,827 | 99,945 | 83,607 | 41,370 | 28,020 | 5,122 |
| total assets | 18,206 | 11,909 | 11,529 | 15,600 | 34,000 | 82,110 | 135,118 | 128,071 | 105,474 | 121,461 | 119,209 | 64,917 | 68,009 | 63,528 |
| 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 | 0 | 0 | 0 | 0 | 2,143 | 1,783 | 6,388 | 3,645 | 19,951 | 47,818 | 79,949 | 25,197 | 27,894 | 26,112 |
| 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 | 4,520 | 2,561 | 2,935 | 3,975 | 5,330 | 1,800 | 14,809 | 17,843 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,520 | 2,561 | 2,935 | 3,975 | 7,473 | 3,583 | 21,197 | 21,488 | 19,951 | 47,818 | 79,949 | 25,197 | 27,894 | 26,112 |
| 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 | 4,520 | 2,561 | 2,935 | 3,975 | 7,473 | 3,583 | 21,197 | 21,488 | 19,951 | 47,818 | 79,949 | 25,197 | 27,894 | 26,112 |
| net assets | 13,686 | 9,348 | 8,594 | 11,625 | 26,527 | 78,527 | 113,921 | 106,583 | 85,523 | 73,643 | 39,260 | 39,720 | 40,115 | 37,416 |
| total shareholders funds | 13,686 | 9,348 | 8,594 | 11,625 | 26,527 | 78,527 | 113,921 | 106,583 | 85,523 | 73,643 | 39,260 | 39,720 | 40,115 | 37,416 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 1,250 | 1,250 | 2,271 | 2,271 | 11,605 | 11,952 | 14,086 | 29,348 | 18,764 | 18,417 | 15,262 |
| 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 | 5,133 | 1,939 | -2,643 | -6,893 | -4,380 | -28,566 | 320 | 2,459 | 2,617 | 24,076 | 901 | 2,138 | 13,120 | 5,122 |
| Creditors | 0 | 0 | 0 | -2,143 | 360 | -4,605 | 2,743 | -16,306 | -27,867 | -32,131 | 54,752 | -2,697 | 1,782 | 26,112 |
| Accruals and Deferred Income | 1,959 | -374 | -1,040 | -1,355 | 3,530 | -13,009 | -3,034 | 17,843 | 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 | 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 | 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 | 1,164 | -1,559 | -1,428 | -10,257 | -42,480 | -22,171 | 8,998 | 26,743 | -10,735 | -7,738 | 41,336 | 11,212 | 9,778 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,164 | -1,559 | -1,428 | -10,257 | -42,480 | -22,171 | 8,998 | 26,743 | -10,735 | -7,738 | 41,336 | 11,212 | 9,778 | 0 |
ready to air limited Credit Report and Business Information
Ready To Air Limited Competitor Analysis
Perform a competitor analysis for ready to air limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ready to air limited Ownership
READY TO AIR LIMITED group structure
Ready To Air Limited has no subsidiary companies.
Ultimate parent company
READY TO AIR LIMITED
05978759
ready to air limited directors
Ready To Air Limited currently has 2 directors. The longest serving directors include Mr Simon Townsley (Oct 2006) and Mr John Harrington (Oct 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Townsley | 60 years | Oct 2006 | - | Director | |
| Mr John Harrington | United Kingdom | 62 years | Oct 2006 | - | Director |
P&L
December 2022turnover
92k
+61%
operating profit
5.3k
0%
gross margin
72.2%
-2.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
13.7k
+0.46%
total assets
18.2k
+0.53%
cash
2.9k
+0.69%
net assets
Total assets minus all liabilities
Similar Companies
ready to air limited company details
company number
05978759
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
October 2006
age
18
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
58 wimpole street, london, W1G 8YR
last accounts submitted
December 2022
ready to air 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 ready to air limited.
ready to air limited Companies House Filings - See Documents
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