european skyjets limited
european skyjets limited Company Information
Company Number
06231420
Website
europeanskytime.co.ukRegistered Address
93 tabernacle street, london, EC2A 4BA
Industry
Non-scheduled passenger air transport
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Steven Westlake7 Years
Shareholders
european skytime ltd 100%
european skyjets limited Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN SKYJETS LIMITED at £560.8k based on a Turnover of £1.8m and 0.31x industry multiple (adjusted for size and gross margin).
european skyjets limited Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN SKYJETS LIMITED at £10.8m based on an EBITDA of £5m and a 2.15x industry multiple (adjusted for size and gross margin).
european skyjets limited Estimated Valuation
Pomanda estimates the enterprise value of EUROPEAN SKYJETS LIMITED at £0 based on Net Assets of £-4.5m and 3.08x industry multiple (adjusted for liquidity).
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European Skyjets Limited Overview
European Skyjets Limited is a dissolved company that was located in london, EC2A 4BA with a Companies House number of 06231420. It operated in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in April 2007, it's largest shareholder was european skytime ltd with a 100% stake. The last turnover for European Skyjets Limited was estimated at £1.8m.
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European Skyjets Limited Health Check
Pomanda's financial health check has awarded European Skyjets 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
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£3.8m)
- European Skyjets Limited
£3.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- European Skyjets Limited
- - Industry AVG
Production
with a gross margin of 7.7%, this company has a higher cost of product (17.8%)
- European Skyjets Limited
17.8% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (1.5%)
- European Skyjets Limited
1.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (56)
- European Skyjets Limited
56 - Industry AVG
Pay Structure
on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)
- European Skyjets Limited
£46.5k - Industry AVG
Efficiency
resulting in sales per employee of £366.4k, this is more efficient (£233.5k)
- European Skyjets Limited
£233.5k - Industry AVG
Debtor Days
it gets paid by customers after 101 days, this is later than average (33 days)
- European Skyjets Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (32 days)
- European Skyjets Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- European Skyjets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - European Skyjets Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 161.8%, this is a higher level of debt than the average (82.2%)
161.8% - European Skyjets Limited
82.2% - Industry AVG
european skyjets limited Credit Report and Business Information
European Skyjets Limited Competitor Analysis
Perform a competitor analysis for european skyjets limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
european skyjets limited Ownership
EUROPEAN SKYJETS LIMITED group structure
European Skyjets Limited has no subsidiary companies.
Ultimate parent company
EUROPEAN SKYJETS LIMITED
06231420
european skyjets limited directors
European Skyjets Limited currently has 1 director, Mr Steven Westlake serving since Oct 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Westlake | England | 61 years | Oct 2016 | - | Director |
EUROPEAN SKYJETS LIMITED financials
European Skyjets Limited's latest turnover from October 2012 is estimated at £1.8 million and the company has net assets of -£4.5 million. According to their latest financial statements, we estimate that European Skyjets Limited has 5 employees and maintains cash reserves of £291 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|
| Tangible Assets | 6,787,966 | 11,808,488 | 12,270,080 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 101 | 101 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 6,788,067 | 11,808,589 | 12,270,081 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 510,482 | 261,198 | 262,953 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 291 | 350 | 448 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 510,773 | 261,548 | 263,401 |
| total assets | 7,298,840 | 12,070,137 | 12,533,482 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 267,262 | 2,253,095 | 1,732,019 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 267,262 | 2,253,095 | 1,732,019 |
| loans | 0 | 3,624,424 | 3,737,165 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 11,538,260 | 6,142,322 | 6,843,793 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 11,538,260 | 9,766,746 | 10,580,958 |
| total liabilities | 11,805,522 | 12,019,841 | 12,312,977 |
| net assets | -4,506,682 | 50,296 | 220,505 |
| total shareholders funds | -4,506,682 | 50,296 | 220,505 |
| Oct 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 5,020,522 | 4,001 | 2,706 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 249,284 | -1,755 | 262,953 |
| Creditors | -1,985,833 | 521,076 | 1,732,019 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 100 | 1 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -3,624,424 | -112,741 | 3,737,165 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 5,395,938 | -701,471 | 6,843,793 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -59 | -98 | 448 |
| overdraft | 0 | 0 | 0 |
| change in cash | -59 | -98 | 448 |
P&L
October 2012turnover
1.8m
-66%
operating profit
-21.1k
0%
gross margin
7.8%
-17.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2012net assets
-4.5m
-90.6%
total assets
7.3m
-0.4%
cash
291
-0.17%
net assets
Total assets minus all liabilities
european skyjets limited company details
company number
06231420
Type
Private limited with Share Capital
industry
51102 - Non-scheduled passenger air transport
incorporation date
April 2007
age
17
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
93 tabernacle street, london, EC2A 4BA
last accounts submitted
October 2012
european skyjets 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 found 6 charges/mortgages relating to european skyjets limited. Currently there are 5 open charges and 1 have been satisfied in the past.
european skyjets limited Companies House Filings - See Documents
| date | description | view/download |
|---|
