airtanker services limited

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airtanker services limited Company Information

Share AIRTANKER SERVICES LIMITED

Company Number

06279646

Shareholders

airbus se

babcock southern holdings limited

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Group Structure

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Industry

Non-scheduled passenger air transport

 +3

Registered Address

airtanker hub raf brize norton, carterton, oxfordshire, OX18 3LX

airtanker services limited Estimated Valuation

£299.3m

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

£56.6m

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

£138.3m

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

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

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

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

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

Employees

with 748 employees, this is above the industry average (57)

748 - Airtanker Services Limited

57 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £295.7k, this is more efficient (£256.2k)

£295.7k - Airtanker Services Limited

£256.2k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover221,180,000193,382,000163,873,000156,309,000183,263,000176,835,000165,229,000160,158,000126,506,000116,758,000111,361,00045,767,000100,370,00073,217,00059,915,000
Other Income Or Grants
Cost Of Sales140,472,000120,278,000111,468,000101,838,000115,581,000109,774,00098,481,000101,085,00080,843,00076,980,00099,296,00061,908,000101,919,00073,215,00059,738,000
Gross Profit80,708,00073,104,00052,405,00054,471,00067,682,00067,061,00066,748,00059,073,00045,663,00039,778,00012,065,000-16,141,000-1,549,0002,000177,000
Admin Expenses76,755,00065,910,00051,134,00054,676,00065,214,00063,378,00058,553,00050,226,00036,683,00022,167,00017,525,00012,161,0005,838,0003,988,0004,095,000
Operating Profit3,953,0007,194,0001,271,000-205,0002,468,0003,683,0008,195,0008,847,0008,980,00017,611,000-5,460,000-28,302,000-7,387,000-3,986,000-3,918,000
Interest Payable223,000231,000194,000174,000179,000108,000
Interest Receivable1,752,000414,0004,000117,000339,000370,18952,000150,000164,000165,000164,000187,000126,00099,00060,000
Pre-Tax Profit5,482,0007,377,0001,081,000-262,0002,628,0003,700,0008,247,0008,997,0009,144,00017,776,000-5,296,000-28,115,000-7,261,000-3,887,000-3,858,000
Tax-1,461,000-1,327,000-206,00049,000-508,000-585,000-1,435,000-1,821,000-2,323,000-3,587,00010,258,000
Profit After Tax4,021,0006,050,000875,000-213,0002,120,0003,115,0006,812,0007,176,0006,821,00014,189,0004,962,000-28,115,000-7,261,000-3,887,000-3,858,000
Dividends Paid3,636,00012,000,00020,000,00020,000,000
Retained Profit4,021,0006,050,000875,000-3,849,0002,120,0003,115,000-5,188,000-12,824,000-13,179,00014,189,0004,962,000-28,115,000-7,261,000-3,887,000-3,858,000
Employee Costs59,999,00052,677,00046,756,00049,150,00046,944,00045,044,00040,975,00037,792,00027,460,00017,876,00013,039,0008,161,0005,423,0003,505,0003,003,000
Number Of Employees748702658689692689658609448299225116753829
EBITDA*6,486,0009,885,0004,598,0003,111,0005,810,0005,592,00012,168,00012,531,00011,759,00019,820,000-3,497,000-26,775,000-7,318,000-3,975,000-3,909,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,908,0005,613,00011,597,00010,925,00012,115,00013,761,0009,508,00010,566,00011,054,0009,396,00015,431,0003,366,0002,393,000427,000192,000
Intangible Assets18,053,00019,588,00014,473,00015,570,00016,668,00017,767,00018,787,00019,881,00020,976,00022,070,00023,166,00024,259,00021,794,0009,745,0004,869,000
Investments & Other
Debtors (Due After 1 year)259,000148,000223,000396,000308,000
Total Fixed Assets25,961,00025,201,00025,847,00026,099,00028,475,00031,528,00028,481,00030,447,00032,030,00031,466,00038,597,00027,625,00024,187,00010,172,0005,061,000
Stock & work in progress5,450,0006,996,0006,194,0004,940,0003,881,0002,829,0002,054,0002,085,0002,194,0001,013,000500,000409,000381,000
Trade Debtors39,096,00045,374,00065,904,00051,482,00029,881,00019,351,00021,355,0006,729,0002,202,00012,867,00045,517,0006,542,00061,974,00021,754,0008,688,000
Group Debtors276,0008,465,00013,533,00012,699,0003,046,00024,336,00029,146,0007,906,00013,154,000
Misc Debtors26,479,00032,893,0004,145,0004,093,0002,905,00013,733,0007,640,0006,255,0005,014,000907,000829,0003,131,000243,000148,000
Cash87,424,00083,849,00055,649,00063,598,00064,511,00050,798,00047,919,00049,025,00057,262,00045,326,00028,886,00031,840,00021,389,00015,364,00012,620,000
misc current assets3,000,000
total current assets158,449,000169,112,000131,892,000124,113,000101,178,00080,878,00085,061,00073,944,00081,446,00079,919,00078,856,00063,956,000116,021,00045,267,00034,610,000
total assets184,410,000194,313,000157,739,000150,212,000129,653,000112,406,000113,542,000104,391,000113,476,000111,385,000117,453,00091,581,000140,208,00055,439,00039,671,000
Bank overdraft
Bank loan
Trade Creditors 8,908,00014,173,00012,033,0007,974,0005,144,0003,541,0005,489,0002,357,0002,961,0001,214,00015,202,0007,363,00062,516,00023,018,00016,793,000
Group/Directors Accounts-3,727,000
other short term finances
hp & lease commitments699,000667,000541,000
other current liabilities60,403,00068,135,00053,183,00051,850,00033,200,00052,747,00035,986,00032,977,00026,000,00012,547,0007,408,00016,371,0003,929,0002,188,000
total current liabilities70,010,00082,975,00065,757,00059,824,00038,344,00024,808,00036,440,00038,343,00035,938,00027,214,00027,749,00014,771,00078,887,00026,947,00018,981,000
loans11,406,00012,458,00013,066,0008,294,0008,532,000
hp & lease commitments5,703,0006,229,0006,533,0004,147,0004,266,000
Accruals and Deferred Income51,691,00052,124,00038,514,00040,181,00037,134,0005,168,0007,118,0007,866,0004,803,0008,881,0007,087,0007,380,000678,000678,000
other liabilities
provisions
total long term liabilities57,394,00058,353,00045,047,00044,328,00041,400,00039,809,0005,168,0007,118,0007,866,0004,803,0008,881,0007,087,0007,380,000678,000678,000
total liabilities127,404,000141,328,000110,804,000104,152,00079,744,00064,617,00041,608,00045,461,00043,804,00032,017,00036,630,00021,858,00086,267,00027,625,00019,659,000
net assets57,006,00052,985,00046,935,00046,060,00049,909,00047,789,00071,934,00058,930,00069,672,00079,368,00080,823,00069,723,00053,941,00027,814,00020,012,000
total shareholders funds57,006,00052,985,00046,935,00046,060,00049,909,00047,789,00044,674,00058,930,00069,672,00079,368,00080,823,00069,723,00053,941,00027,814,00020,012,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,953,0007,194,0001,271,000-205,0002,468,0003,683,0008,195,0008,847,0008,980,00017,611,000-5,460,000-28,302,000-7,387,000-3,986,000-3,918,000
Depreciation1,436,0001,594,0002,230,0002,218,0002,243,0001,909,0002,879,0002,589,0001,685,0001,113,000870,000524,00069,00011,0009,000
Amortisation1,097,0001,097,0001,097,0001,098,0001,099,0001,094,0001,095,0001,094,0001,096,0001,093,0001,003,000
Tax-1,461,000-1,327,000-206,00049,000-508,000-585,000-1,435,000-1,821,000-2,323,000-3,587,00010,258,000
Stock-1,546,000802,0001,254,0001,059,0001,052,000775,000-31,000-109,0001,181,000513,00091,00028,000381,000
Debtors-12,581,0008,143,00014,301,00022,877,00013,743,000-15,737,00012,254,000844,000-8,590,000-18,890,00017,763,000-62,544,00064,348,0007,913,00021,990,000
Creditors-5,265,0002,140,0004,059,0002,830,0001,603,000-1,948,0003,132,000-604,0001,747,000-13,988,0007,839,000-55,153,00039,498,0006,225,00016,793,000
Accruals and Deferred Income-8,165,00028,562,000-334,00021,697,00070,334,000-57,915,00014,811,0002,261,00010,040,0009,375,0006,933,000-9,256,00019,144,0001,741,0002,866,000
Deferred Taxes & Provisions
Cash flow from operations5,722,00030,315,000-7,438,0003,751,00062,444,000-39,894,00016,453,00011,632,00028,632,00029,997,0003,679,000-28,668,000-13,405,000-3,922,000-6,240,000
Investing Activities
capital expenditure-3,293,000-1,822,000-2,902,000-1,028,000-597,000-5,142,000-1,821,000-2,101,000-3,343,0004,922,000-12,935,000-4,965,000-14,084,000-5,122,000-5,070,000
Change in Investments
cash flow from investments-3,293,000-1,822,000-2,902,000-1,028,000-597,000-5,142,000-1,821,000-2,101,000-3,343,0004,922,000-12,935,000-4,965,000-14,084,000-5,122,000-5,070,000
Financing Activities
Bank loans
Group/Directors Accounts3,727,000-3,727,000
Other Short Term Loans
Long term loans-1,052,000-608,0004,772,000-238,0008,532,000
Hire Purchase and Lease Commitments-494,000-178,0002,927,000-119,0004,266,000
other long term liabilities
share issue-9,068,0002,082,0003,483,000-15,644,0006,138,00043,897,00033,388,00011,689,00023,870,000
interest1,529,000183,000-190,000-57,000160,000262,18952,000150,000164,000165,000164,000187,000126,00099,00060,000
cash flow from financing-17,000-603,0007,509,000-414,00012,958,0003,989,189-12,743,0002,232,0003,647,000-15,479,0006,302,00044,084,00033,514,00011,788,00023,930,000
cash and cash equivalents
cash3,575,00028,200,000-7,949,000-913,00013,713,0002,879,000-1,106,000-8,237,00011,936,00016,440,000-2,954,00010,451,0006,025,0002,744,00012,620,000
overdraft
change in cash3,575,00028,200,000-7,949,000-913,00013,713,0002,879,000-1,106,000-8,237,00011,936,00016,440,000-2,954,00010,451,0006,025,0002,744,00012,620,000

airtanker services limited Credit Report and Business Information

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Airtanker Services Limited Competitor Analysis

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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 Shareholders

airbus se 29.47%
babcock southern holdings limited 23.51%
rolls-royce plc 23.51%
thales uk limited 23.51%

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).

officercountryagestartendrole
Mr Stephen Fitz Gerald67 years May 2008- Director
Mr Stephen McCannUnited Kingdom57 years Nov 2016- Director
Mr Paul JayneUnited Kingdom60 years Jan 2017- Director
Mr Paul KimberleyUnited Kingdom57 years May 2017- Director
Mr Rodrigo GarciaSpain54 years Sep 2020- Director
Mr Benjamin PalmerUnited Kingdom48 years Feb 2021- Director
Mr Robert CrewUnited Kingdom61 years Nov 2021- Director
Mr Mark AlexanderUnited Kingdom62 years Jun 2023- Director
Mr Olivier AstUnited Kingdom44 years Jul 2023- Director
Mr Sean ReynoldsUnited Kingdom60 years Aug 2023- Director

P&L

December 2023

turnover

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 2023

net 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

None

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

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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airtanker services limited Companies House Filings - See Documents

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