one flight limited
one flight limited Company Information
Company Number
06808702
Next Accounts
Feb 2025
Industry
Wholesale of household goods (other than musical instruments) n.e.c.
Shareholders
bill adderley
michael winch
View AllGroup Structure
View All
Contact
Registered Address
ustun house waddington way, aldwarke, rotherham, south yorkshire, S65 3SH
Website
www.oneflight.netone flight limited Estimated Valuation
Pomanda estimates the enterprise value of ONE FLIGHT LIMITED at £5.6m based on a Turnover of £12.9m and 0.44x industry multiple (adjusted for size and gross margin).
one flight limited Estimated Valuation
Pomanda estimates the enterprise value of ONE FLIGHT LIMITED at £0 based on an EBITDA of £-442k and a 4.71x industry multiple (adjusted for size and gross margin).
one flight limited Estimated Valuation
Pomanda estimates the enterprise value of ONE FLIGHT LIMITED at £8.4m based on Net Assets of £4.1m and 2.03x industry multiple (adjusted for liquidity).
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One Flight Limited Overview
One Flight Limited is a live company located in rotherham, S65 3SH with a Companies House number of 06808702. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in February 2009, it's largest shareholder is bill adderley with a 56.3% stake. One Flight Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.9m with low growth in recent years.
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One Flight Limited Health Check
Pomanda's financial health check has awarded One Flight Limited 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
3 Strong
3 Regular
6 Weak
Size
annual sales of £12.9m, make it smaller than the average company (£19.9m)
£12.9m - One Flight Limited
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.1%)
- One Flight Limited
5.1% - Industry AVG
Production
with a gross margin of 30.8%, this company has a comparable cost of product (30.8%)
30.8% - One Flight Limited
30.8% - Industry AVG
Profitability
an operating margin of -3.7% make it less profitable than the average company (4.4%)
-3.7% - One Flight Limited
4.4% - Industry AVG
Employees
with 68 employees, this is similar to the industry average (59)
68 - One Flight Limited
59 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has a lower pay structure (£41.6k)
£32.8k - One Flight Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £189.5k, this is less efficient (£355.2k)
£189.5k - One Flight Limited
£355.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (50 days)
43 days - One Flight Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (31 days)
63 days - One Flight Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 172 days, this is more than average (104 days)
172 days - One Flight Limited
104 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (10 weeks)
15 weeks - One Flight Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.2%, this is a higher level of debt than the average (50.2%)
58.2% - One Flight Limited
50.2% - Industry AVG
ONE FLIGHT LIMITED financials
One Flight Limited's latest turnover from May 2023 is £12.9 million and the company has net assets of £4.1 million. According to their latest financial statements, One Flight Limited has 68 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 12,885,000 | 16,407,000 | 16,789,000 | 12,742,000 | 13,993,000 | 16,623,000 | 16,555,000 | 18,131,000 | 21,807,000 | 23,158,000 | 22,927,000 | 20,262,000 | 21,421,000 | 22,240,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -482,000 | 52,000 | 1,206,000 | 237,000 | -924,000 | 259,000 | -19,000 | 1,214,000 | 1,082,000 | -253,000 | 358,000 | 1,388,000 | 1,165,000 | 1,362,000 |
| Interest Payable | 19,000 | 19,000 | 21,000 | 72,000 | 26,000 | 20,000 | 54,000 | 61,000 | 119,000 | 170,000 | 179,000 | 102,000 | 110,000 | 159,000 |
| Interest Receivable | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| Pre-Tax Profit | -500,000 | 33,000 | 1,185,000 | 165,000 | -950,000 | 253,000 | -61,000 | 1,166,000 | 967,000 | -419,000 | 183,000 | 1,286,000 | 1,055,000 | 1,213,000 |
| Tax | 51,000 | -19,000 | -193,000 | -47,000 | 153,000 | -30,000 | 31,000 | -222,000 | -190,000 | 101,000 | 38,000 | -286,000 | -344,000 | -333,000 |
| Profit After Tax | -449,000 | 14,000 | 992,000 | 118,000 | -797,000 | 223,000 | -30,000 | 944,000 | 777,000 | -318,000 | 221,000 | 1,000,000 | 711,000 | 880,000 |
| Dividends Paid | 20,000 | 0 | 0 | 0 | 50,000 | 0 | 19,000 | 319,000 | 300,000 | 0 | 0 | 450,000 | 450,000 | 400,000 |
| Retained Profit | -469,000 | 14,000 | 992,000 | 118,000 | -847,000 | 223,000 | -49,000 | 625,000 | 477,000 | -318,000 | 221,000 | 550,000 | 261,000 | 480,000 |
| Employee Costs | 2,232,000 | 2,643,000 | 2,470,000 | 2,994,000 | 2,885,000 | 2,965,000 | 2,928,000 | 3,013,000 | 3,210,000 | 3,412,000 | 3,324,000 | 2,977,000 | 2,775,000 | 3,280,000 |
| Number Of Employees | 68 | 84 | 82 | 104 | 106 | 97 | 98 | 102 | 119 | 137 | 131 | 119 | 104 | 91 |
| EBITDA* | -442,000 | 91,000 | 1,251,000 | 280,000 | -882,000 | 289,000 | 34,000 | 1,288,000 | 1,233,000 | -116,000 | 474,000 | 1,459,000 | 1,199,000 | 1,424,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,138,000 | 2,187,000 | 2,150,000 | 2,167,000 | 2,200,000 | 76,000 | 66,000 | 68,000 | 138,000 | 282,000 | 318,000 | 305,000 | 193,000 | 84,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,138,000 | 2,187,000 | 2,150,000 | 2,167,000 | 2,200,000 | 76,000 | 66,000 | 69,000 | 138,000 | 282,000 | 318,000 | 305,000 | 193,000 | 84,000 |
| Stock & work in progress | 4,224,000 | 5,700,000 | 4,145,000 | 4,654,000 | 4,086,000 | 3,147,000 | 3,766,000 | 4,264,000 | 5,173,000 | 4,482,000 | 8,829,000 | 6,864,000 | 5,694,000 | 5,673,000 |
| Trade Debtors | 1,540,000 | 886,000 | 1,695,000 | 802,000 | 1,540,000 | 2,039,000 | 1,647,000 | 1,580,000 | 1,692,000 | 2,273,000 | 2,584,000 | 2,429,000 | 2,149,000 | 3,191,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 646,000 | 491,000 | 895,000 | 601,000 | 660,000 | 419,000 | 313,000 | 255,000 | 517,000 | 710,000 | 868,000 | 591,000 | 429,000 | 401,000 |
| Cash | 1,312,000 | 1,544,000 | 1,314,000 | 481,000 | 686,000 | 2,448,000 | 1,766,000 | 1,920,000 | 951,000 | 603,000 | 249,000 | 680,000 | 540,000 | 405,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,722,000 | 8,621,000 | 8,049,000 | 6,538,000 | 6,972,000 | 8,053,000 | 7,492,000 | 8,019,000 | 8,333,000 | 8,068,000 | 12,530,000 | 10,564,000 | 8,812,000 | 9,670,000 |
| total assets | 9,860,000 | 10,808,000 | 10,199,000 | 8,705,000 | 9,172,000 | 8,129,000 | 7,558,000 | 8,088,000 | 8,471,000 | 8,350,000 | 12,848,000 | 10,869,000 | 9,005,000 | 9,754,000 |
| 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 | 1,558,000 | 1,883,000 | 1,658,000 | 1,189,000 | 1,272,000 | 1,550,000 | 1,549,000 | 1,248,000 | 930,000 | 1,320,000 | 1,956,000 | 2,280,000 | 1,776,000 | 1,744,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 1,611,000 | 1,782,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 380,000 | 1,201,000 | 2,065,000 | 5,167,000 | 2,239,000 | 575,000 | 2,353,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 11,000 | 11,000 | 33,000 | 23,000 | 6,000 | 13,000 | 16,000 | 14,000 |
| other current liabilities | 2,724,000 | 2,878,000 | 2,526,000 | 1,394,000 | 1,725,000 | 1,339,000 | 969,000 | 1,400,000 | 1,892,000 | 971,000 | 1,422,000 | 2,285,000 | 3,094,000 | 2,346,000 |
| total current liabilities | 4,282,000 | 4,761,000 | 4,184,000 | 4,194,000 | 4,779,000 | 2,889,000 | 2,529,000 | 3,039,000 | 4,056,000 | 4,379,000 | 8,551,000 | 6,817,000 | 5,461,000 | 6,457,000 |
| loans | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 925,000 | 977,000 | 977,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 12,000 | 2,000 | 12,000 | 45,000 | 29,000 | 7,000 | 11,000 | 27,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 490,000 | 490,000 | 490,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 39,000 | 39,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,000 | 22,000 | 8,000 | 0 |
| total long term liabilities | 1,454,000 | 1,454,000 | 1,436,000 | 925,000 | 925,000 | 925,000 | 937,000 | 927,000 | 937,000 | 970,000 | 978,000 | 954,000 | 996,000 | 1,004,000 |
| total liabilities | 5,736,000 | 6,215,000 | 5,620,000 | 5,119,000 | 5,704,000 | 3,814,000 | 3,466,000 | 3,966,000 | 4,993,000 | 5,349,000 | 9,529,000 | 7,771,000 | 6,457,000 | 7,461,000 |
| net assets | 4,124,000 | 4,593,000 | 4,579,000 | 3,586,000 | 3,468,000 | 4,315,000 | 4,092,000 | 4,122,000 | 3,478,000 | 3,001,000 | 3,319,000 | 3,098,000 | 2,548,000 | 2,293,000 |
| total shareholders funds | 4,124,000 | 4,593,000 | 4,579,000 | 3,586,000 | 3,468,000 | 4,315,000 | 4,092,000 | 4,122,000 | 3,478,000 | 3,001,000 | 3,319,000 | 3,098,000 | 2,548,000 | 2,293,000 |
| May 2023 | May 2022 | May 2021 | 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 | -482,000 | 52,000 | 1,206,000 | 237,000 | -924,000 | 259,000 | -19,000 | 1,214,000 | 1,082,000 | -253,000 | 358,000 | 1,388,000 | 1,165,000 | 1,362,000 |
| Depreciation | 40,000 | 39,000 | 45,000 | 43,000 | 42,000 | 30,000 | 53,000 | 74,000 | 151,000 | 137,000 | 116,000 | 71,000 | 34,000 | 62,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 51,000 | -19,000 | -193,000 | -47,000 | 153,000 | -30,000 | 31,000 | -222,000 | -190,000 | 101,000 | 38,000 | -286,000 | -344,000 | -333,000 |
| Stock | -1,476,000 | 1,555,000 | -509,000 | 568,000 | 939,000 | -619,000 | -498,000 | -909,000 | 691,000 | -4,347,000 | 1,965,000 | 1,170,000 | 21,000 | 5,673,000 |
| Debtors | 809,000 | -1,213,000 | 1,187,000 | -797,000 | -258,000 | 498,000 | 125,000 | -374,000 | -774,000 | -469,000 | 432,000 | 442,000 | -1,014,000 | 3,592,000 |
| Creditors | -325,000 | 225,000 | 469,000 | -83,000 | -278,000 | 1,000 | 301,000 | 318,000 | -390,000 | -636,000 | -324,000 | 504,000 | 32,000 | 1,744,000 |
| Accruals and Deferred Income | -154,000 | 352,000 | 1,132,000 | -331,000 | 386,000 | 370,000 | -431,000 | -492,000 | 921,000 | -451,000 | -863,000 | -809,000 | 748,000 | 2,346,000 |
| Deferred Taxes & Provisions | 0 | 18,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | -24,000 | 2,000 | 14,000 | 8,000 | 0 |
| Cash flow from operations | -203,000 | 325,000 | 2,002,000 | 48,000 | -1,302,000 | 751,000 | 308,000 | 2,175,000 | 1,657,000 | 3,690,000 | -3,070,000 | -730,000 | 2,636,000 | -4,084,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -2,166,000 | -28,000 | -18,000 | 7,000 | -3,000 | -36,000 | -93,000 | -174,000 | -143,000 | -35,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -2,166,000 | -28,000 | -17,000 | 6,000 | -3,000 | -36,000 | -93,000 | -174,000 | -143,000 | -35,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -1,611,000 | -171,000 | 1,782,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -380,000 | -821,000 | -864,000 | -3,102,000 | 2,928,000 | 1,664,000 | -1,778,000 | 2,353,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,000 | 0 | 977,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -23,000 | 10,000 | -32,000 | -23,000 | 33,000 | 15,000 | -7,000 | -14,000 | 41,000 |
| other long term liabilities | 0 | 0 | 490,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -18,000 | -19,000 | -21,000 | -72,000 | -26,000 | -20,000 | -54,000 | -61,000 | -119,000 | -170,000 | -179,000 | -102,000 | -110,000 | -158,000 |
| cash flow from financing | -18,000 | -19,000 | -1,141,000 | -243,000 | 1,756,000 | -43,000 | -405,000 | -895,000 | -1,006,000 | -3,239,000 | 2,764,000 | 1,503,000 | -1,908,000 | 5,026,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -232,000 | 230,000 | 833,000 | -205,000 | -1,762,000 | 682,000 | -154,000 | 969,000 | 348,000 | 354,000 | -431,000 | 140,000 | 135,000 | 405,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -232,000 | 230,000 | 833,000 | -205,000 | -1,762,000 | 682,000 | -154,000 | 969,000 | 348,000 | 354,000 | -431,000 | 140,000 | 135,000 | 405,000 |
one flight limited Credit Report and Business Information
One Flight Limited Competitor Analysis
Perform a competitor analysis for one flight limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in S65 area or any other competitors across 12 key performance metrics.
one flight limited Ownership
ONE FLIGHT LIMITED group structure
One Flight Limited has 1 subsidiary company.
one flight limited directors
One Flight Limited currently has 5 directors. The longest serving directors include Mr Michael Winch (Feb 2009) and Ms Susan Mayo (Feb 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Winch | 77 years | Feb 2009 | - | Director | |
| Ms Susan Mayo | 66 years | Feb 2009 | - | Director | |
| Mr Mark Crosthwaite | 61 years | Feb 2009 | - | Director | |
| Mr Michael Freedman | 85 years | May 2009 | - | Director | |
| Mr Benjamin Winch | 47 years | Oct 2010 | - | Director |
P&L
May 2023turnover
12.9m
-21%
operating profit
-482k
-1027%
gross margin
30.9%
-2.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
4.1m
-0.1%
total assets
9.9m
-0.09%
cash
1.3m
-0.15%
net assets
Total assets minus all liabilities
one flight limited company details
company number
06808702
Type
Private limited with Share Capital
industry
46499 - Wholesale of household goods (other than musical instruments) n.e.c.
incorporation date
February 2009
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
STREET AUDIT LLP
address
ustun house waddington way, aldwarke, rotherham, south yorkshire, S65 3SH
Bank
HSBC BANK PLC
Legal Advisor
-
one flight 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 found 3 charges/mortgages relating to one flight limited. Currently there are 1 open charges and 2 have been satisfied in the past.
one flight 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.
Click to start generating capital raising & share issue transactions for ONE FLIGHT LIMITED. This can take several minutes, an email will notify you when this has completed.
one flight limited Companies House Filings - See Documents
| date | description | view/download |
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