Jetms Completions Ltd

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jetms completions ltd Company Information

Live

EstablishedMidRapid

Company Number

06587758

Next Accounts

Sep 2025

Industry

Repair and maintenance of aircraft and spacecraft

Directors

Augustinas Zemaitaitis

Stefan Chevalier

Shareholders

jetms holdings limited

Group Structure

View All

Contact

Registered Address

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

Website

www.rascompletions.co.uk

jetms completions ltd Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of JETMS COMPLETIONS LTD at £5.8m based on a Turnover of £10.2m and 0.57x 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 holdings limited with a 100% stake. Jetms Completions Ltd is a established, mid sized company, Pomanda has estimated its turnover at £10.2m with rapid 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 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £10.2m, make it in line with the average company (£12.4m)

Growth

3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (-0.6%)

EXPORT

Jetms Completions Ltd's latest turnover from December 2023 is estimated at £10.2 million and the company has net assets of -£2.9 million. According to their latest financial statements, Jetms Completions Ltd has 67 employees and maintains cash reserves of £177.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	10,162,083	6,948,590	2,454,095	2,956,802	3,242,887	4,477,415	3,408,093	4,171,329	2,493,496	2,940,495	1,503,530	1,453,820	673,281	66,175	103,076
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,625,217	5,948,382	2,165,170	2,615,542	2,669,409	3,342,167	2,628,936	3,419,261	2,056,754	2,410,819	1,220,759	1,107,961	540,362	51,657	78,620
Gross Profit	1,536,866	1,000,209	288,925	341,259	573,478	1,135,247	779,158	752,069	436,742	529,677	282,771	345,859	132,919	14,517	24,456
Admin Expenses	3,337,589	1,982,105	1,165,561	164,212	292,714	743,751	677,322	749,347	326,876	335,160	82,419	369,156	313,469	39,388	-460
Operating Profit	-1,800,723	-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	0	4,141	4,306	0	0	0	0	0	0
Interest Receivable	12,233	6,382	471	192	145	892	597	254	495	526	428	137	75	44	7
Pre-Tax Profit	-1,788,490	-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	0	-33,675	-53,373	-74,554	-19,462	0	-21,211	-39,008	-42,164	0	0	0	-6,979
Profit After Tax	-1,788,490	-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	0
Retained Profit	-1,788,490	-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	3,470,288	2,130,728	0	623,738	619,278	818,018	610,905	817,143	411,793	614,764	311,724	336,681	148,320	34,044	33,836
Number Of Employees	67	40	13	14	14	18	14	20	10	16	8	9	4	1	1
EBITDA*	-1,739,273	-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 2023	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	176,276	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	74,266	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	25,226	0	0	0	0	0	0
Total Fixed Assets	250,542	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	495,887	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	1,031,602	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	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	177,813	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	0
total current assets	1,705,302	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	1,955,844	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	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,604,973	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	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	0	83,775	0	0	0	0	12,952	0
total current liabilities	4,604,973	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	0
hp & lease commitments	0	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	0
other liabilities	182,000	60,000	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	76,764	53,401	32,939	8,691	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	258,764	113,401	32,939	8,691	0	0	0	0	0	0	0	0	0	0	0
total liabilities	4,863,737	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	-2,907,893	-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	-2,907,893	-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 2023	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	-1,800,723	-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	38,468	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	22,982	1,578	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-33,675	-53,373	-74,554	-19,462	0	-21,211	-39,008	-42,164	0	0	0	-6,979
Stock	220,420	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	77,504	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	1,922,572	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	0	-83,775	83,775	0	0	0	-12,952	12,952	0
Deferred Taxes & Provisions	23,363	20,462	24,248	8,691	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-91,262	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	-153,346	-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	0
cash flow from investments	-153,346	-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	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	122,000	60,000	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	5,254	0	0	0	0	-251	0	90	0	-5,000	0	2
interest	12,233	6,382	471	192	145	892	597	-3,887	-3,811	526	428	137	75	44	7
cash flow from financing	134,233	66,382	471	5,446	145	892	597	-136,387	128,438	526	518	137	-4,925	44	9
cash and cash equivalents
cash	-110,375	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	0
change in cash	-110,375	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

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 HOLDINGS LIMITED

IE727461

1 parent

JETMS COMPLETIONS LTD

06587758

JETMS COMPLETIONS LTD Shareholders

jetms holdings limited

100%

Jetms Completions Ltd currently has 2 directors. The longest serving directors include Augustinas Zemaitaitis (May 2022) and Mr Stefan Chevalier (Sep 2023).

officer	country	age	start	end	role
Augustinas Zemaitaitis	United Kingdom	44 years	May 2022	-	Director
Mr Stefan Chevalier	England	41 years	Sep 2023	-	Director

P&L

December 2023

turnover

10.2m

+46%

operating profit

-1.8m

gross margin

15.2%

+5.07%

turnover

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

Balance Sheet

December 2023

net assets

-2.9m

+1.6%

total assets

+0.17%

cash

177.8k

-0.38%

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

ultimate parent company

JETMS HOLDINGS LIMITED

previous names

ras interiors limited (March 2022)

pace (gb) limited (February 2011)

address

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

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jetms completions ltd Company Information

jetms completions ltd Estimated Valuation

jetms completions ltd Estimated Valuation

jetms completions ltd Estimated Valuation

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JETMS COMPLETIONS LTD financials

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jetms completions ltd Ownership

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