Air Ability Limited

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air ability limited Company Information

Live

EstablishedSmallHealthy

Company Number

06065045

Website

www.airability.co.uk

Registered Address

44 westley grange, west avenue, wigston, leicestershire, LE18 2FB

Industry

Plumbing, heat and air-conditioning installation

Telephone

01162884333

Next Accounts Due

October 2025

Group Structure

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Directors

Nicholas Williams17 Years

Marie Wren17 Years

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Shareholders

marie kathleen wren 33.3%

nicholas charles williams 33.3%

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air ability limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of AIR ABILITY LIMITED at £1.6m based on Net Assets of £521.5k and 3.13x industry multiple (adjusted for liquidity).

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Air Ability Limited is a live company located in wigston, LE18 2FB with a Companies House number of 06065045. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in January 2007, it's largest shareholder is marie kathleen wren with a 33.3% stake. Air Ability Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Air Ability Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £1.1m, make it larger than the average company (£331.1k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (9.8%)

EXPORT

Air Ability Limited's latest turnover from January 2024 is estimated at £1.1 million and the company has net assets of £521.5 thousand. According to their latest financial statements, Air Ability Limited has 13 employees and maintains cash reserves of £278.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,087,890	1,067,790	1,125,795	933,205	1,165,896	916,111	1,153,011	927,373	1,020,374	775,348	694,607	857,189	503,700	510,453	477,149
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	886,373	873,503	931,598	766,649	944,911	729,198	909,127	721,025	805,865	599,899	539,660	646,902	379,050	372,885	351,366
Gross Profit	201,518	194,288	194,198	166,556	220,985	186,913	243,884	206,348	214,509	175,450	154,946	210,287	124,650	137,568	125,784
Admin Expenses	179,172	177,699	148,997	114,504	222,750	195,620	207,534	188,512	170,538	123,778	70,099	141,327	60,240	110,629	-16,991
Operating Profit	22,346	16,589	45,201	52,052	-1,765	-8,707	36,350	17,836	43,971	51,672	84,847	68,960	64,410	26,939	142,775
Interest Payable	0	0	0	0	0	0	3,403	6,985	3,861	0	0	0	0	0	0
Interest Receivable	14,436	9,492	653	282	1,975	1,739	1,006	398	716	851	766	639	451	226	130
Pre-Tax Profit	36,781	26,081	45,854	52,335	210	-6,968	33,953	11,250	40,826	52,523	85,613	69,599	64,861	27,165	142,906
Tax	-9,195	-4,955	-8,712	-9,944	-40	0	-6,451	-2,250	-8,165	-11,030	-19,691	-16,704	-16,864	-7,606	-40,014
Profit After Tax	27,586	21,126	37,142	42,391	170	-6,968	27,502	9,000	32,661	41,493	65,922	52,895	47,997	19,559	102,892
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	27,586	21,126	37,142	42,391	170	-6,968	27,502	9,000	32,661	41,493	65,922	52,895	47,997	19,559	102,892
Employee Costs	421,300	413,761	424,463	392,023	382,366	459,226	437,160	420,519	178,816	103,945	107,760	137,461	104,191	96,414	99,608
Number Of Employees	13	13	13	12	11	13	13	12	5	3	3	4	3	3	3
EBITDA*	59,662	41,355	71,179	75,209	22,661	17,125	59,811	39,711	66,351	64,910	96,469	78,949	74,869	36,785	148,641

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	315,144	269,475	278,858	272,132	281,503	291,544	286,596	284,783	304,612	77,390	46,489	39,957	41,841	28,790	23,468
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	315,144	269,475	278,858	272,132	281,503	291,544	286,596	284,783	304,612	77,390	46,489	39,957	41,841	28,790	23,468
Stock & work in progress	0	0	0	0	0	0	0	0	6,353	3,177	0	0	0	1,023	0
Trade Debtors	247,866	250,850	319,471	217,318	252,253	193,301	289,814	235,553	304,993	253,050	180,881	216,264	121,362	152,075	115,442
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	278,579	298,841	243,567	279,177	285,728	240,935	222,789	179,626	139,121	147,437	192,897	113,547	142,038	38,466	52,112
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	526,445	549,691	563,038	496,495	537,981	434,236	512,603	415,179	450,467	403,664	373,778	329,811	263,400	191,564	167,554
total assets	841,589	819,166	841,896	768,627	819,484	725,780	799,199	699,962	755,079	481,054	420,267	369,768	305,241	220,354	191,022
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	301,644	317,613	358,918	325,563	418,620	291,749	310,230	193,566	246,602	142,207	125,589	143,293	129,014	91,828	85,290
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	301,644	317,613	358,918	325,563	418,620	291,749	310,230	193,566	246,602	142,207	125,589	143,293	129,014	91,828	85,290
loans	0	0	0	0	0	0	0	104,707	118,807	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	29,969	82,091	24,400	20,500	0	0	0	1,126	0	0
provisions	18,477	7,671	10,222	7,450	7,641	11,009	6,857	4,770	5,651	7,989	5,313	3,032	4,553	5,975	2,740
total long term liabilities	18,477	7,671	10,222	7,450	7,641	40,978	88,948	133,877	144,958	7,989	5,313	3,032	5,679	5,975	2,740
total liabilities	320,121	325,284	369,140	333,013	426,261	332,727	399,178	327,443	391,560	150,196	130,902	146,325	134,693	97,803	88,030
net assets	521,468	493,882	472,756	435,614	393,223	393,053	400,021	372,519	363,519	330,858	289,365	223,443	170,548	122,551	102,992
total shareholders funds	521,468	493,882	472,756	435,614	393,223	393,053	400,021	372,519	363,519	330,858	289,365	223,443	170,548	122,551	102,992

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	22,346	16,589	45,201	52,052	-1,765	-8,707	36,350	17,836	43,971	51,672	84,847	68,960	64,410	26,939	142,775
Depreciation	37,316	24,766	25,978	23,157	24,426	25,832	23,461	21,875	22,380	13,238	11,622	9,989	10,459	9,846	5,866
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,195	-4,955	-8,712	-9,944	-40	0	-6,451	-2,250	-8,165	-11,030	-19,691	-16,704	-16,864	-7,606	-40,014
Stock	0	0	0	0	0	0	0	-6,353	3,176	3,177	0	0	-1,023	1,023	0
Debtors	-2,984	-68,621	102,153	-34,935	58,952	-96,513	54,261	-69,440	51,943	72,169	-35,383	94,902	-30,713	36,633	115,442
Creditors	-15,969	-41,305	33,355	-93,057	126,871	-18,481	116,664	-53,036	104,395	16,618	-17,704	14,279	37,186	6,538	85,290
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	10,806	-2,551	2,772	-191	-3,368	4,152	2,087	-881	-2,338	2,676	2,281	-1,521	-1,422	3,235	2,740
Cash flow from operations	48,288	61,165	-3,559	6,952	87,172	99,309	117,850	59,337	105,124	-2,172	96,738	-19,899	125,505	1,296	81,215
Investing Activities
capital expenditure	-82,985	-15,383	-32,704	-13,786	-14,385	-30,780	-25,274	-2,046	-249,602	-44,139	-18,154	-8,105	-23,510	-15,168	-29,334
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-82,985	-15,383	-32,704	-13,786	-14,385	-30,780	-25,274	-2,046	-249,602	-44,139	-18,154	-8,105	-23,510	-15,168	-29,334
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	-104,707	-14,100	118,807	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	-29,969	-52,122	57,691	3,900	20,500	0	0	-1,126	1,126	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	14,436	9,492	653	282	1,975	1,739	-2,397	-6,587	-3,145	851	766	639	451	226	130
cash flow from financing	14,436	9,492	653	282	-27,994	-50,383	-49,413	-16,787	136,162	851	766	-487	1,577	226	230
cash and cash equivalents
cash	-20,262	55,274	-35,610	-6,551	44,793	18,146	43,163	40,505	-8,316	-45,460	79,350	-28,491	103,572	-13,646	52,112
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-20,262	55,274	-35,610	-6,551	44,793	18,146	43,163	40,505	-8,316	-45,460	79,350	-28,491	103,572	-13,646	52,112

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIR ABILITY LIMITED group structure

Air Ability Limited has no subsidiary companies.

Ultimate parent company

AIR ABILITY LIMITED

06065045

AIR ABILITY LIMITED Shareholders

marie kathleen wren	33.33%
nicholas charles williams	33.33%
simon williams	33.33%

Air Ability Limited currently has 3 directors. The longest serving directors include Mr Nicholas Williams (Feb 2007) and Mrs Marie Wren (Feb 2007).

officer	country	age	start	end	role
Mr Nicholas Williams	England	58 years	Feb 2007	-	Director
Mrs Marie Wren	England	64 years	Feb 2007	-	Director
Mr Simon Williams	England	63 years	Feb 2007	-	Director

P&L

January 2024

turnover

1.1m

+2%

operating profit

22.3k

gross margin

18.6%

+1.8%

turnover

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

Balance Sheet

January 2024

net assets

521.5k

+0.06%

total assets

841.6k

+0.03%

cash

278.6k

-0.07%

net assets

Total assets minus all liabilities

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company number

06065045

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

January 2007

ultimate parent company

None

previous names

heat shop ltd (June 2010)

address

44 westley grange, west avenue, wigston, leicestershire, LE18 2FB

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 air ability limited.

air ability limited Company Information

air ability limited Estimated Valuation

air ability limited Estimated Valuation

air ability limited Estimated Valuation

Air Ability Limited Overview

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AIR ABILITY LIMITED financials

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air ability limited Ownership

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