Jetms Completions Ltd

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jetms completions ltd Company Information

Live

EstablishedMidHealthy

Company Number

06587758

Website

www.rascompletions.co.uk

Registered Address

510 churchill way churchill way, biggin hill, westerham, TN16 3BN

Industry

Repair and maintenance of aircraft and spacecraft

Telephone

01959576757

Next Accounts Due

September 2024

Group Structure

View All

Directors

Augustinas Zemaitaitis1 Years

Gegams Hanamirjans0 Years

View All

Shareholders

jetms holding limited 100%

jetms completions ltd Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of JETMS COMPLETIONS LTD at £3.9m based on a Turnover of £6.7m and 0.59x industry multiple (adjusted for size and gross margin).

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Jetms Completions Ltd is a live company located in westerham, TN16 3BN with a Companies House number of 06587758. It operates in the repair and maintenance of aircraft and spacecraft sector, SIC Code 33160. Founded in May 2008, it's largest shareholder is jetms holding limited with a 100% stake. Jetms Completions Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Jetms Completions Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £6.7m, make it smaller than the average company (£10.7m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-3.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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JETMS COMPLETIONS LTD group structure

Jetms Completions Ltd has no subsidiary companies.

Ultimate parent company

JETMS HOLDING LIMITED

13201429

1 parent

JETMS COMPLETIONS LTD

06587758

JETMS COMPLETIONS LTD Shareholders

jetms holding limited

100%

Jetms Completions Ltd currently has 3 directors. The longest serving directors include Mr Augustinas Zemaitaitis (May 2022) and Mr Gegams Hanamirjans (Jun 2023).

officer	country	age	start	end	role
Mr Augustinas Zemaitaitis	England	44 years	May 2022	-	Director
Mr Gegams Hanamirjans	United Kingdom	37 years	Jun 2023	-	Director
Mr Stefan Chevalier	England	40 years	Sep 2023	-	Director

EXPORT

Jetms Completions Ltd's latest turnover from December 2022 is estimated at £6.7 million and the company has net assets of -£1.1 million. According to their latest financial statements, Jetms Completions Ltd has 40 employees and maintains cash reserves of £288.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	6,694,140	2,460,085	2,962,712	3,274,428	4,694,727	3,392,494	4,125,719	2,495,013	2,942,928	1,494,454	1,446,512	667,671	66,040	104,603
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,730,558	2,197,683	2,634,500	2,695,373	3,504,380	2,601,426	3,346,890	2,058,005	2,412,814	1,213,390	1,102,392	535,859	51,552	79,654
Gross Profit	963,582	262,402	328,212	579,055	1,190,347	791,068	778,829	437,008	530,115	281,064	344,120	131,812	14,488	24,949
Admin Expenses	1,945,478	1,139,038	151,165	298,291	798,851	689,232	776,107	327,142	335,598	80,712	367,417	312,362	39,359	33
Operating Profit	-981,896	-876,636	177,047	280,764	391,496	101,836	2,722	109,866	194,517	200,352	-23,297	-180,550	-24,871	24,916
Interest Payable	0	0	0	0	0	0	4,141	4,306	0	0	0	0	0	0
Interest Receivable	6,382	471	192	145	892	597	254	495	526	428	137	75	44	7
Pre-Tax Profit	-975,514	-876,165	177,238	280,909	392,388	102,433	-1,164	106,055	195,043	200,780	-23,160	-180,475	-24,827	24,924
Tax	0	0	-33,675	-53,373	-74,554	-19,462	0	-21,211	-39,008	-42,164	0	0	0	-6,979
Profit After Tax	-975,514	-876,165	143,563	227,536	317,834	82,971	-1,164	84,844	156,034	158,616	-23,160	-180,475	-24,827	17,945
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-975,514	-876,165	143,563	227,536	317,834	82,971	-1,164	84,844	156,034	158,616	-23,160	-180,475	-24,827	17,945
Employee Costs	2,130,728	0	623,738	661,330	863,464	610,905	817,143	411,793	614,764	272,759	336,681	148,320	34,044	33,836
Number Of Employees	40	13	14	15	19	14	20	10	16	7	9	4	1	1
EBITDA*	-962,949	-857,363	186,303	299,684	410,777	126,381	8,093	121,234	206,859	207,960	-20,961	-179,431	-24,311	24,916

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	82,648	58,324	54,205	56,763	59,097	73,634	39,485	38,731	45,504	21,396	6,665	3,008	1,680	0
Intangible Assets	75,998	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	25,226	0	0	0	0	0	0
Total Fixed Assets	158,646	58,324	54,205	56,763	59,097	73,634	39,485	63,957	45,504	21,396	6,665	3,008	1,680	0
Stock & work in progress	275,467	153,986	466,682	454,398	646,956	570,735	647,624	443,060	223,093	63,421	36,210	30,059	9,721	0
Trade Debtors	954,098	345,917	571,974	621,641	582,338	451,413	593,799	458,404	689,989	151,823	162,274	56,168	0	21,658
Group Debtors	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
Cash	288,188	76,512	300,274	206,202	82,991	154,813	83,929	119,642	78,486	131,773	39,447	15,345	14,711	2,894
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,517,753	576,415	1,338,930	1,282,241	1,312,285	1,176,961	1,325,352	1,021,106	991,568	347,017	237,931	101,572	24,432	24,552
total assets	1,676,399	634,739	1,393,135	1,339,004	1,371,382	1,250,595	1,364,837	1,085,063	1,037,072	368,413	244,596	104,580	26,112	24,552
Bank overdraft	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
Trade Creditors	2,682,401	745,689	652,168	528,009	787,923	984,970	1,182,183	684,970	937,847	425,222	460,111	296,935	20,040	6,605
Group/Directors Accounts	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	132,500	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	83,775	0	0	0	0	12,952	0
total current liabilities	2,682,401	745,689	652,168	528,009	787,923	984,970	1,182,183	901,245	937,847	425,222	460,111	296,935	32,992	6,605
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	60,000	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	53,401	32,939	8,691	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	113,401	32,939	8,691	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,795,802	778,628	660,859	528,009	787,923	984,970	1,182,183	901,245	937,847	425,222	460,111	296,935	32,992	6,605
net assets	-1,119,403	-143,889	732,276	810,995	583,459	265,625	182,654	183,818	99,225	-56,809	-215,515	-192,355	-6,880	17,947
total shareholders funds	-1,119,403	-143,889	732,276	810,995	583,459	265,625	182,654	183,818	99,225	-56,809	-215,515	-192,355	-6,880	17,947

	Dec 2022	Dec 2021	Dec 2020	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-981,896	-876,636	177,047	280,764	391,496	101,836	2,722	109,866	194,517	200,352	-23,297	-180,550	-24,871	24,916
Depreciation	17,369	19,273	9,256	18,920	19,281	24,545	5,371	11,368	12,342	7,608	2,336	1,119	560	0
Amortisation	1,578	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-33,675	-53,373	-74,554	-19,462	0	-21,211	-39,008	-42,164	0	0	0	-6,979
Stock	121,481	-312,696	-180,274	-192,558	76,221	-76,889	204,564	219,967	159,672	27,211	6,151	20,338	9,721	0
Debtors	608,181	-226,057	-10,364	39,303	130,925	-142,386	110,169	-206,359	538,166	-10,451	106,106	56,168	-21,658	21,658
Creditors	1,936,712	93,521	-135,755	-259,914	-197,047	-197,213	497,213	-252,877	512,625	-34,889	163,176	276,895	13,435	6,605
Accruals and Deferred Income	0	0	0	0	0	0	-83,775	83,775	0	0	0	-12,952	12,952	0
Deferred Taxes & Provisions	20,462	24,248	8,691	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	264,563	-200,841	216,202	139,652	-67,970	128,981	106,798	-82,687	-17,362	114,147	29,958	8,006	14,013	2,884
Investing Activities
capital expenditure	-119,269	-23,392	-4,364	-16,586	-4,744	-58,694	-6,125	-4,595	-36,450	-22,339	-5,993	-2,447	-2,240	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-119,269	-23,392	-4,364	-16,586	-4,744	-58,694	-6,125	-4,595	-36,450	-22,339	-5,993	-2,447	-2,240	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	-132,500	132,500	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	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
other long term liabilities	60,000	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	5,254	0	0	0	0	-251	0	90	0	-5,000	0	2
interest	6,382	471	192	145	892	597	-3,887	-3,811	526	428	137	75	44	7
cash flow from financing	66,382	471	5,446	145	892	597	-136,387	128,438	526	518	137	-4,925	44	9
cash and cash equivalents
cash	211,676	-223,762	217,283	123,211	-71,822	70,884	-35,713	41,156	-53,287	92,326	24,102	634	11,817	2,894
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	211,676	-223,762	217,283	123,211	-71,822	70,884	-35,713	41,156	-53,287	92,326	24,102	634	11,817	2,894

P&L

December 2022

turnover

6.7m

+172%

operating profit

-981.9k

gross margin

14.4%

+34.95%

turnover

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

Balance Sheet

December 2022

net assets

-1.1m

+6.78%

total assets

1.7m

+1.64%

cash

288.2k

+2.77%

net assets

Total assets minus all liabilities

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company number

06587758

Type

Private limited with Share Capital

industry

33160 - Repair and maintenance of aircraft and spacecraft

incorporation date

May 2008

age

accounts

Audited Abridged

ultimate parent company

JETMS HOLDING LIMITED

previous names

ras interiors limited (March 2022)

pace (gb) limited (February 2011)

incorporated

address

510 churchill way churchill way, biggin hill, westerham, TN16 3BN

last accounts submitted

December 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.

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jetms completions ltd Company Information

jetms completions ltd Estimated Valuation

jetms completions ltd Estimated Valuation

jetms completions ltd Estimated Valuation

Jetms Completions Ltd AI Business Plan

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JETMS COMPLETIONS LTD financials

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