airtanker services limited
airtanker services limited Company Information
Company Number
06279646
Next Accounts
Sep 2025
Shareholders
airbus se
babcock southern holdings limited
View AllGroup Structure
View All
Industry
Non-scheduled passenger air transport
+3Registered Address
airtanker hub raf brize norton, carterton, oxfordshire, OX18 3LX
Website
www.airtanker.co.ukairtanker services limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTANKER SERVICES LIMITED at £299.3m based on a Turnover of £221.2m and 1.35x industry multiple (adjusted for size and gross margin).
airtanker services limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTANKER SERVICES LIMITED at £56.6m based on an EBITDA of £6.5m and a 8.72x industry multiple (adjusted for size and gross margin).
airtanker services limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTANKER SERVICES LIMITED at £138.3m based on Net Assets of £57m and 2.43x industry multiple (adjusted for liquidity).
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Airtanker Services Limited Overview
Airtanker Services Limited is a live company located in oxfordshire, OX18 3LX with a Companies House number of 06279646. It operates in the non-scheduled passenger air transport sector, SIC Code 51102. Founded in June 2007, it's largest shareholder is airbus se with a 29.5% stake. Airtanker Services Limited is a established, mega sized company, Pomanda has estimated its turnover at £221.2m with healthy growth in recent years.
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Airtanker Services Limited Health Check
Pomanda's financial health check has awarded Airtanker Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £221.2m, make it larger than the average company (£14.6m)
£221.2m - Airtanker Services Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.7%)
12% - Airtanker Services Limited
8.7% - Industry AVG
Production
with a gross margin of 36.5%, this company has a lower cost of product (22.2%)
36.5% - Airtanker Services Limited
22.2% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (4.7%)
1.8% - Airtanker Services Limited
4.7% - Industry AVG
Employees
with 748 employees, this is above the industry average (57)
748 - Airtanker Services Limited
57 - Industry AVG
Pay Structure
on an average salary of £80.2k, the company has a higher pay structure (£54.5k)
£80.2k - Airtanker Services Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £295.7k, this is more efficient (£256.2k)
£295.7k - Airtanker Services Limited
£256.2k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (39 days)
64 days - Airtanker Services Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (31 days)
23 days - Airtanker Services Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is in line with average (12 days)
14 days - Airtanker Services Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 64 weeks, this is more cash available to meet short term requirements (14 weeks)
64 weeks - Airtanker Services Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.1%, this is a similar level of debt than the average (70.8%)
69.1% - Airtanker Services Limited
70.8% - Industry AVG
AIRTANKER SERVICES LIMITED financials
Airtanker Services Limited's latest turnover from December 2023 is £221.2 million and the company has net assets of £57 million. According to their latest financial statements, Airtanker Services Limited has 748 employees and maintains cash reserves of £87.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 221,180,000 | 193,382,000 | 163,873,000 | 156,309,000 | 183,263,000 | 176,835,000 | 165,229,000 | 160,158,000 | 126,506,000 | 116,758,000 | 111,361,000 | 45,767,000 | 100,370,000 | 73,217,000 | 59,915,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 140,472,000 | 120,278,000 | 111,468,000 | 101,838,000 | 115,581,000 | 109,774,000 | 98,481,000 | 101,085,000 | 80,843,000 | 76,980,000 | 99,296,000 | 61,908,000 | 101,919,000 | 73,215,000 | 59,738,000 |
| Gross Profit | 80,708,000 | 73,104,000 | 52,405,000 | 54,471,000 | 67,682,000 | 67,061,000 | 66,748,000 | 59,073,000 | 45,663,000 | 39,778,000 | 12,065,000 | -16,141,000 | -1,549,000 | 2,000 | 177,000 |
| Admin Expenses | 76,755,000 | 65,910,000 | 51,134,000 | 54,676,000 | 65,214,000 | 63,378,000 | 58,553,000 | 50,226,000 | 36,683,000 | 22,167,000 | 17,525,000 | 12,161,000 | 5,838,000 | 3,988,000 | 4,095,000 |
| Operating Profit | 3,953,000 | 7,194,000 | 1,271,000 | -205,000 | 2,468,000 | 3,683,000 | 8,195,000 | 8,847,000 | 8,980,000 | 17,611,000 | -5,460,000 | -28,302,000 | -7,387,000 | -3,986,000 | -3,918,000 |
| Interest Payable | 223,000 | 231,000 | 194,000 | 174,000 | 179,000 | 108,000 | |||||||||
| Interest Receivable | 1,752,000 | 414,000 | 4,000 | 117,000 | 339,000 | 52,000 | 150,000 | 164,000 | 165,000 | 164,000 | 187,000 | 126,000 | 99,000 | 60,000 | |
| Pre-Tax Profit | 5,482,000 | 7,377,000 | 1,081,000 | -262,000 | 2,628,000 | 3,700,000 | 8,247,000 | 8,997,000 | 9,144,000 | 17,776,000 | -5,296,000 | -28,115,000 | -7,261,000 | -3,887,000 | -3,858,000 |
| Tax | -1,461,000 | -1,327,000 | -206,000 | 49,000 | -508,000 | -585,000 | -1,435,000 | -1,821,000 | -2,323,000 | -3,587,000 | 10,258,000 | ||||
| Profit After Tax | 4,021,000 | 6,050,000 | 875,000 | -213,000 | 2,120,000 | 3,115,000 | 6,812,000 | 7,176,000 | 6,821,000 | 14,189,000 | 4,962,000 | -28,115,000 | -7,261,000 | -3,887,000 | -3,858,000 |
| Dividends Paid | 3,636,000 | 12,000,000 | 20,000,000 | 20,000,000 | |||||||||||
| Retained Profit | 4,021,000 | 6,050,000 | 875,000 | -3,849,000 | 2,120,000 | 3,115,000 | -5,188,000 | -12,824,000 | -13,179,000 | 14,189,000 | 4,962,000 | -28,115,000 | -7,261,000 | -3,887,000 | -3,858,000 |
| Employee Costs | 59,999,000 | 52,677,000 | 46,756,000 | 49,150,000 | 46,944,000 | 45,044,000 | 40,975,000 | 37,792,000 | 27,460,000 | 17,876,000 | 13,039,000 | 8,161,000 | 5,423,000 | 3,505,000 | 3,003,000 |
| Number Of Employees | 748 | 702 | 658 | 689 | 692 | 689 | 658 | 609 | 448 | 299 | 225 | 116 | 75 | 38 | 29 |
| EBITDA* | 6,486,000 | 9,885,000 | 4,598,000 | 3,111,000 | 5,810,000 | 5,592,000 | 12,168,000 | 12,531,000 | 11,759,000 | 19,820,000 | -3,497,000 | -26,775,000 | -7,318,000 | -3,975,000 | -3,909,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 7,908,000 | 5,613,000 | 11,597,000 | 10,925,000 | 12,115,000 | 13,761,000 | 9,508,000 | 10,566,000 | 11,054,000 | 9,396,000 | 15,431,000 | 3,366,000 | 2,393,000 | 427,000 | 192,000 |
| Intangible Assets | 18,053,000 | 19,588,000 | 14,473,000 | 15,570,000 | 16,668,000 | 17,767,000 | 18,787,000 | 19,881,000 | 20,976,000 | 22,070,000 | 23,166,000 | 24,259,000 | 21,794,000 | 9,745,000 | 4,869,000 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 259,000 | 148,000 | 223,000 | 396,000 | 308,000 | ||||||||||
| Total Fixed Assets | 25,961,000 | 25,201,000 | 25,847,000 | 26,099,000 | 28,475,000 | 31,528,000 | 28,481,000 | 30,447,000 | 32,030,000 | 31,466,000 | 38,597,000 | 27,625,000 | 24,187,000 | 10,172,000 | 5,061,000 |
| Stock & work in progress | 5,450,000 | 6,996,000 | 6,194,000 | 4,940,000 | 3,881,000 | 2,829,000 | 2,054,000 | 2,085,000 | 2,194,000 | 1,013,000 | 500,000 | 409,000 | 381,000 | ||
| Trade Debtors | 39,096,000 | 45,374,000 | 65,904,000 | 51,482,000 | 29,881,000 | 19,351,000 | 21,355,000 | 6,729,000 | 2,202,000 | 12,867,000 | 45,517,000 | 6,542,000 | 61,974,000 | 21,754,000 | 8,688,000 |
| Group Debtors | 276,000 | 8,465,000 | 13,533,000 | 12,699,000 | 3,046,000 | 24,336,000 | 29,146,000 | 7,906,000 | 13,154,000 | ||||||
| Misc Debtors | 26,479,000 | 32,893,000 | 4,145,000 | 4,093,000 | 2,905,000 | 13,733,000 | 7,640,000 | 6,255,000 | 5,014,000 | 907,000 | 829,000 | 3,131,000 | 243,000 | 148,000 | |
| Cash | 87,424,000 | 83,849,000 | 55,649,000 | 63,598,000 | 64,511,000 | 50,798,000 | 47,919,000 | 49,025,000 | 57,262,000 | 45,326,000 | 28,886,000 | 31,840,000 | 21,389,000 | 15,364,000 | 12,620,000 |
| misc current assets | 3,000,000 | ||||||||||||||
| total current assets | 158,449,000 | 169,112,000 | 131,892,000 | 124,113,000 | 101,178,000 | 80,878,000 | 85,061,000 | 73,944,000 | 81,446,000 | 79,919,000 | 78,856,000 | 63,956,000 | 116,021,000 | 45,267,000 | 34,610,000 |
| total assets | 184,410,000 | 194,313,000 | 157,739,000 | 150,212,000 | 129,653,000 | 112,406,000 | 113,542,000 | 104,391,000 | 113,476,000 | 111,385,000 | 117,453,000 | 91,581,000 | 140,208,000 | 55,439,000 | 39,671,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 8,908,000 | 14,173,000 | 12,033,000 | 7,974,000 | 5,144,000 | 3,541,000 | 5,489,000 | 2,357,000 | 2,961,000 | 1,214,000 | 15,202,000 | 7,363,000 | 62,516,000 | 23,018,000 | 16,793,000 |
| Group/Directors Accounts | -3,727,000 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 699,000 | 667,000 | 541,000 | ||||||||||||
| other current liabilities | 60,403,000 | 68,135,000 | 53,183,000 | 51,850,000 | 33,200,000 | 52,747,000 | 35,986,000 | 32,977,000 | 26,000,000 | 12,547,000 | 7,408,000 | 16,371,000 | 3,929,000 | 2,188,000 | |
| total current liabilities | 70,010,000 | 82,975,000 | 65,757,000 | 59,824,000 | 38,344,000 | 24,808,000 | 36,440,000 | 38,343,000 | 35,938,000 | 27,214,000 | 27,749,000 | 14,771,000 | 78,887,000 | 26,947,000 | 18,981,000 |
| loans | 11,406,000 | 12,458,000 | 13,066,000 | 8,294,000 | 8,532,000 | ||||||||||
| hp & lease commitments | 5,703,000 | 6,229,000 | 6,533,000 | 4,147,000 | 4,266,000 | ||||||||||
| Accruals and Deferred Income | 51,691,000 | 52,124,000 | 38,514,000 | 40,181,000 | 37,134,000 | 5,168,000 | 7,118,000 | 7,866,000 | 4,803,000 | 8,881,000 | 7,087,000 | 7,380,000 | 678,000 | 678,000 | |
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 57,394,000 | 58,353,000 | 45,047,000 | 44,328,000 | 41,400,000 | 39,809,000 | 5,168,000 | 7,118,000 | 7,866,000 | 4,803,000 | 8,881,000 | 7,087,000 | 7,380,000 | 678,000 | 678,000 |
| total liabilities | 127,404,000 | 141,328,000 | 110,804,000 | 104,152,000 | 79,744,000 | 64,617,000 | 41,608,000 | 45,461,000 | 43,804,000 | 32,017,000 | 36,630,000 | 21,858,000 | 86,267,000 | 27,625,000 | 19,659,000 |
| net assets | 57,006,000 | 52,985,000 | 46,935,000 | 46,060,000 | 49,909,000 | 47,789,000 | 71,934,000 | 58,930,000 | 69,672,000 | 79,368,000 | 80,823,000 | 69,723,000 | 53,941,000 | 27,814,000 | 20,012,000 |
| total shareholders funds | 57,006,000 | 52,985,000 | 46,935,000 | 46,060,000 | 49,909,000 | 47,789,000 | 44,674,000 | 58,930,000 | 69,672,000 | 79,368,000 | 80,823,000 | 69,723,000 | 53,941,000 | 27,814,000 | 20,012,000 |
| Dec 2023 | 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 | 3,953,000 | 7,194,000 | 1,271,000 | -205,000 | 2,468,000 | 3,683,000 | 8,195,000 | 8,847,000 | 8,980,000 | 17,611,000 | -5,460,000 | -28,302,000 | -7,387,000 | -3,986,000 | -3,918,000 |
| Depreciation | 1,436,000 | 1,594,000 | 2,230,000 | 2,218,000 | 2,243,000 | 1,909,000 | 2,879,000 | 2,589,000 | 1,685,000 | 1,113,000 | 870,000 | 524,000 | 69,000 | 11,000 | 9,000 |
| Amortisation | 1,097,000 | 1,097,000 | 1,097,000 | 1,098,000 | 1,099,000 | 1,094,000 | 1,095,000 | 1,094,000 | 1,096,000 | 1,093,000 | 1,003,000 | ||||
| Tax | -1,461,000 | -1,327,000 | -206,000 | 49,000 | -508,000 | -585,000 | -1,435,000 | -1,821,000 | -2,323,000 | -3,587,000 | 10,258,000 | ||||
| Stock | -1,546,000 | 802,000 | 1,254,000 | 1,059,000 | 1,052,000 | 775,000 | -31,000 | -109,000 | 1,181,000 | 513,000 | 91,000 | 28,000 | 381,000 | ||
| Debtors | -12,581,000 | 8,143,000 | 14,301,000 | 22,877,000 | 13,743,000 | -15,737,000 | 12,254,000 | 844,000 | -8,590,000 | -18,890,000 | 17,763,000 | -62,544,000 | 64,348,000 | 7,913,000 | 21,990,000 |
| Creditors | -5,265,000 | 2,140,000 | 4,059,000 | 2,830,000 | 1,603,000 | -1,948,000 | 3,132,000 | -604,000 | 1,747,000 | -13,988,000 | 7,839,000 | -55,153,000 | 39,498,000 | 6,225,000 | 16,793,000 |
| Accruals and Deferred Income | -8,165,000 | 28,562,000 | -334,000 | 21,697,000 | 70,334,000 | -57,915,000 | 14,811,000 | 2,261,000 | 10,040,000 | 9,375,000 | 6,933,000 | -9,256,000 | 19,144,000 | 1,741,000 | 2,866,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 5,722,000 | 30,315,000 | -7,438,000 | 3,751,000 | 62,444,000 | 16,453,000 | 11,632,000 | 28,632,000 | 29,997,000 | 3,679,000 | -28,668,000 | -13,405,000 | -3,922,000 | -6,240,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 3,727,000 | -3,727,000 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,052,000 | -608,000 | 4,772,000 | -238,000 | 8,532,000 | ||||||||||
| Hire Purchase and Lease Commitments | -494,000 | -178,000 | 2,927,000 | -119,000 | 4,266,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,529,000 | 183,000 | -190,000 | -57,000 | 160,000 | 52,000 | 150,000 | 164,000 | 165,000 | 164,000 | 187,000 | 126,000 | 99,000 | 60,000 | |
| cash flow from financing | -17,000 | -603,000 | 7,509,000 | -414,000 | 12,958,000 | -12,743,000 | 2,232,000 | 3,647,000 | -15,479,000 | 6,302,000 | 44,084,000 | 33,514,000 | 11,788,000 | 23,930,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | 3,575,000 | 28,200,000 | -7,949,000 | -913,000 | 13,713,000 | 2,879,000 | -1,106,000 | -8,237,000 | 11,936,000 | 16,440,000 | -2,954,000 | 10,451,000 | 6,025,000 | 2,744,000 | 12,620,000 |
| overdraft | |||||||||||||||
| change in cash | 3,575,000 | 28,200,000 | -7,949,000 | -913,000 | 13,713,000 | 2,879,000 | -1,106,000 | -8,237,000 | 11,936,000 | 16,440,000 | -2,954,000 | 10,451,000 | 6,025,000 | 2,744,000 | 12,620,000 |
airtanker services limited Credit Report and Business Information
Airtanker Services Limited Competitor Analysis
Perform a competitor analysis for airtanker services limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in OX18 area or any other competitors across 12 key performance metrics.
airtanker services limited Ownership
AIRTANKER SERVICES LIMITED group structure
Airtanker Services Limited has no subsidiary companies.
Ultimate parent company
AIRTANKER SERVICES LIMITED
06279646
airtanker services limited directors
Airtanker Services Limited currently has 14 directors. The longest serving directors include Mr Stephen Fitz Gerald (May 2008) and Mr Stephen McCann (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Fitz Gerald | 67 years | May 2008 | - | Director | |
| Mr Stephen McCann | United Kingdom | 57 years | Nov 2016 | - | Director |
| Mr Paul Jayne | United Kingdom | 60 years | Jan 2017 | - | Director |
| Mr Paul Kimberley | United Kingdom | 57 years | May 2017 | - | Director |
| Mr Rodrigo Garcia | Spain | 54 years | Sep 2020 | - | Director |
| Mr Benjamin Palmer | United Kingdom | 48 years | Feb 2021 | - | Director |
| Mr Robert Crew | United Kingdom | 61 years | Nov 2021 | - | Director |
| Mr Mark Alexander | United Kingdom | 62 years | Jun 2023 | - | Director |
| Mr Olivier Ast | United Kingdom | 44 years | Jul 2023 | - | Director |
| Mr Sean Reynolds | United Kingdom | 60 years | Aug 2023 | - | Director |
P&L
December 2023turnover
221.2m
+14%
operating profit
4m
-45%
gross margin
36.5%
-3.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
57m
+0.08%
total assets
184.4m
-0.05%
cash
87.4m
+0.04%
net assets
Total assets minus all liabilities
airtanker services limited company details
company number
06279646
Type
Private limited with Share Capital
industry
51102 - Non-scheduled passenger air transport
51210 - Freight air transport
52230 - Service activities incidental to air transportation
incorporation date
June 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
romanystream limited (July 2007)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
airtanker hub raf brize norton, carterton, oxfordshire, OX18 3LX
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
airtanker services 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 airtanker services limited.
airtanker services limited Capital Raised & Share Issues BETA
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airtanker services limited Companies House Filings - See Documents
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