Coolair Bus & Rail Limited

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coolair bus & rail limited Company Information

Live

EstablishedSmallHealthy

Company Number

06582592

Website

www.coolairlogan.co.uk

Registered Address

coolair bus & rail limited, deacon road, lincoln, LN2 4JB

Industry

Cold rolling of narrow strip

Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

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Telephone

01522523622

Next Accounts Due

June 2024

Group Structure

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Directors

Reginald Ford16 Years

Nathan Garratt0 Years

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Shareholders

iron horse industries limited 100%

coolair bus & rail limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of COOLAIR BUS & RAIL LIMITED at £1.7m based on a Turnover of £4m and 0.43x industry multiple (adjusted for size and gross margin).

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Coolair Bus & Rail Limited is a live company located in lincoln, LN2 4JB with a Companies House number of 06582592. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in May 2008, it's largest shareholder is iron horse industries limited with a 100% stake. Coolair Bus & Rail Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Coolair Bus & Rail 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

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £4m, make it smaller than the average company (£17.5m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.5%)

EXPORT

Coolair Bus & Rail Limited's latest turnover from September 2022 is estimated at £4 million and the company has net assets of £411.5 thousand. According to their latest financial statements, Coolair Bus & Rail Limited has 34 employees and maintains cash reserves of £738 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,966,543	3,099,212	2,949,463	2,957,700	3,255,239	2,068,803	1,425,104	2,470,329	463,966	526,913	441,495	109,172	82,553
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,945,254	2,331,488	2,243,907	2,292,469	2,516,294	1,542,753	1,059,942	1,844,010	345,056	390,300	329,522	83,363	62,529
Gross Profit	1,021,289	767,725	705,556	665,232	738,946	526,051	365,162	626,319	118,910	136,613	111,973	25,809	20,024
Admin Expenses	888,638	457,883	768,197	590,040	650,399	492,888	334,157	551,645	118,835	136,595	108,281	28,747	19,603
Operating Profit	132,651	309,842	-62,641	75,192	88,547	33,163	31,005	74,674	75	18	3,692	-2,938	421
Interest Payable	40,909	37,192	31,276	24,038	13,930	3,463	587	0	0	0	0	0	0
Interest Receivable	270	43	41	227	266	38	6	6	0	0	0	23	23
Pre-Tax Profit	92,012	272,693	-93,876	51,381	74,883	29,737	30,425	74,680	75	18	3,692	-2,916	443
Tax	-17,482	-51,812	0	-9,762	-14,228	-5,650	-6,085	-15,683	-17	-4	-960	0	-124
Profit After Tax	74,530	220,881	-93,876	41,619	60,655	24,087	24,340	58,997	58	14	2,732	-2,916	319
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	74,530	220,881	-93,876	41,619	60,655	24,087	24,340	58,997	58	14	2,732	-2,916	319
Employee Costs	1,408,620	997,026	975,932	1,033,857	829,573	672,878	421,388	638,642	134,963	136,289	101,557	31,416	30,465
Number Of Employees	34	25	25	27	23	19	12	18	4	4	3	1	1
EBITDA*	204,002	387,269	-6,533	139,500	156,466	116,608	169,792	148,426	75	18	3,692	-2,938	421

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	402,510	412,103	347,281	400,125	453,121	491,329	555,655	203,212	0	0	0	0	0
Intangible Assets	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	405,510	415,103	350,281	403,125	456,121	494,329	558,655	206,212	0	0	0	0	0
Stock & work in progress	730,014	645,965	480,965	609,288	581,748	300,323	167,523	265,113	0	0	0	8,511	0
Trade Debtors	571,612	630,833	553,178	404,803	614,182	480,829	362,799	409,176	92,353	99,396	88,171	22,997	11,233
Group Debtors	98,185	3,220	3,220	3,220	5,523	3,220	0	0	0	0	0	0	0
Misc Debtors	66,800	226,965	137,916	130,345	10,956	11,872	16,979	0	0	0	6,093	93	92
Cash	738	23,255	62,713	19,666	40,937	30,107	181	2,371	0	0	0	0	9,000
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,467,349	1,530,238	1,237,992	1,167,322	1,253,346	826,351	547,482	676,660	92,353	99,396	94,264	31,601	20,325
total assets	1,872,859	1,945,341	1,588,273	1,570,447	1,709,467	1,320,680	1,106,137	882,872	92,353	99,396	94,264	31,601	20,325
Bank overdraft	4,853	4,480	19,605	19,298	83,413	31,208	18,051	0	0	0	0	0	0
Bank loan	123,155	120,716	99,186	74,716	0	0	0	0	0	0	0	0	0
Trade Creditors	463,692	362,879	290,955	342,780	517,918	215,555	156,989	722,866	92,053	99,154	94,036	34,105	19,915
Group/Directors Accounts	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
hp & lease commitments	32,564	55,510	60,625	64,580	67,380	70,576	95,287	0	0	0	0	0	0
other current liabilities	517,635	603,695	381,361	409,139	405,310	492,005	292,477	0	0	0	0	0	0
total current liabilities	1,141,899	1,147,280	851,732	910,513	1,074,021	809,344	562,804	722,866	92,053	99,154	94,036	34,105	19,915
loans	277,460	461,058	514,380	298,248	236,560	61,568	0	0	0	0	0	0	0
hp & lease commitments	0	0	106,039	151,688	216,555	255,089	372,406	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	60,667	0	0	0	0	0
provisions	41,967	0	0	0	13,952	86,955	87,290	40,042	0	0	0	0	0
total long term liabilities	319,427	461,058	620,419	449,936	467,067	403,612	459,696	100,709	0	0	0	0	0
total liabilities	1,461,326	1,608,338	1,472,151	1,360,449	1,541,088	1,212,956	1,022,500	823,575	92,053	99,154	94,036	34,105	19,915
net assets	411,533	337,003	116,122	209,998	168,379	107,724	83,637	59,297	300	242	228	-2,504	410
total shareholders funds	411,533	337,003	116,122	209,998	168,379	107,724	83,637	59,297	300	242	228	-2,504	410

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	132,651	309,842	-62,641	75,192	88,547	33,163	31,005	74,674	75	18	3,692	-2,938	421
Depreciation	71,351	77,427	56,108	64,308	67,919	83,445	138,787	73,752	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-17,482	-51,812	0	-9,762	-14,228	-5,650	-6,085	-15,683	-17	-4	-960	0	-124
Stock	84,049	165,000	-128,323	27,540	281,425	132,800	-97,590	265,113	0	0	-8,511	8,511	0
Debtors	-124,421	166,704	155,946	-92,293	134,740	116,143	-29,398	316,823	-7,043	5,132	71,174	11,765	11,325
Creditors	100,813	71,924	-51,825	-175,138	302,363	58,566	-565,877	630,813	-7,101	5,118	59,931	14,190	19,915
Accruals and Deferred Income	-86,060	222,334	-27,778	3,829	-86,695	199,528	292,477	0	0	0	0	0	0
Deferred Taxes & Provisions	41,967	0	0	-13,952	-73,003	-335	47,248	40,042	0	0	0	0	0
Cash flow from operations	283,612	298,011	-113,759	9,230	-131,262	119,774	64,543	221,662	0	0	0	-9,024	8,887
Investing Activities
capital expenditure	-61,758	-142,249	-3,264	-11,312	-29,711	-19,119	-491,230	-279,964	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-61,758	-142,249	-3,264	-11,312	-29,711	-19,119	-491,230	-279,964	0	0	0	0	0
Financing Activities
Bank loans	2,439	21,530	24,470	74,716	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-183,598	-53,322	216,132	61,688	174,992	61,568	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-22,946	-111,154	-49,604	-67,667	-41,730	-142,028	467,693	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-60,667	60,667	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	2	91
interest	-40,639	-37,149	-31,235	-23,811	-13,664	-3,425	-581	6	0	0	0	23	23
cash flow from financing	-244,744	-180,095	159,763	44,926	119,598	-83,885	406,445	60,673	0	0	0	25	114
cash and cash equivalents
cash	-22,517	-39,458	43,047	-21,271	10,830	29,926	-2,190	2,371	0	0	0	-9,000	9,000
overdraft	373	-15,125	307	-64,115	52,205	13,157	18,051	0	0	0	0	0	0
change in cash	-22,890	-24,333	42,740	42,844	-41,375	16,769	-20,241	2,371	0	0	0	-9,000	9,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COOLAIR BUS & RAIL LIMITED group structure

Coolair Bus & Rail Limited has no subsidiary companies.

Ultimate parent company

IRON HORSE INDUSTRIES LIMITED

07208122

1 parent

COOLAIR BUS & RAIL LIMITED

06582592

COOLAIR BUS & RAIL LIMITED Shareholders

iron horse industries limited

100%

Coolair Bus & Rail Limited currently has 3 directors. The longest serving directors include Mr Reginald Ford (May 2008) and Mr Nathan Garratt (Mar 2024).

officer	country	age	start	end	role
Mr Reginald Ford	United Kingdom	67 years	May 2008	-	Director
Mr Nathan Garratt	United Kingdom	30 years	Mar 2024	-	Director
Mr Dale Speck	United Kingdom	44 years	Mar 2024	-	Director

P&L

September 2022

turnover

+28%

operating profit

132.7k

gross margin

25.8%

+3.94%

turnover

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

Balance Sheet

September 2022

net assets

411.5k

+0.22%

total assets

1.9m

-0.04%

cash

738

-0.97%

net assets

Total assets minus all liabilities

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company number

06582592

Type

Private limited with Share Capital

industry

24320 - Cold rolling of narrow strip

24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

24330 - Cold forming or folding

incorporation date

May 2008

age

accounts

Total Exemption Full

ultimate parent company

IRON HORSE INDUSTRIES LIMITED

previous names

N/A

incorporated

address

coolair bus & rail limited, deacon road, lincoln, LN2 4JB

last accounts submitted

September 2022

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 3 charges/mortgages relating to coolair bus & rail limited. Currently there are 3 open charges and 0 have been satisfied in the past.

coolair bus & rail limited Company Information

coolair bus & rail limited Estimated Valuation

coolair bus & rail limited Estimated Valuation

coolair bus & rail limited Estimated Valuation

Coolair Bus & Rail Limited Overview

Coolair Bus & Rail Limited Health Check

COOLAIR BUS & RAIL LIMITED financials

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coolair bus & rail limited Ownership

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