t2 aviation limited
t2 aviation limited Company Information
Company Number
07615313
Next Accounts
102 days late
Shareholders
2 excel aviation ltd
patrick curran
Group Structure
View All
Industry
Service activities incidental to air transportation
Registered Address
72 fielding road, chiswick, london, W4 1DB
Website
helinews.comt2 aviation limited Estimated Valuation
Pomanda estimates the enterprise value of T2 AVIATION LIMITED at £627.9k based on a Turnover of £1.5m and 0.41x industry multiple (adjusted for size and gross margin).
t2 aviation limited Estimated Valuation
Pomanda estimates the enterprise value of T2 AVIATION LIMITED at £1.1m based on an EBITDA of £442.7k and a 2.41x industry multiple (adjusted for size and gross margin).
t2 aviation limited Estimated Valuation
Pomanda estimates the enterprise value of T2 AVIATION LIMITED at £188.2k based on Net Assets of £73.9k and 2.55x industry multiple (adjusted for liquidity).
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T2 Aviation Limited Overview
T2 Aviation Limited is a live company located in london, W4 1DB with a Companies House number of 07615313. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in April 2011, it's largest shareholder is 2 excel aviation ltd with a 62.5% stake. T2 Aviation Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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T2 Aviation Limited Health Check
Pomanda's financial health check has awarded T2 Aviation Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£14.3m)
- T2 Aviation Limited
£14.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (-0.8%)
- T2 Aviation Limited
-0.8% - Industry AVG
Production
with a gross margin of 10.5%, this company has a higher cost of product (28.3%)
- T2 Aviation Limited
28.3% - Industry AVG
Profitability
an operating margin of 16.1% make it more profitable than the average company (4.8%)
- T2 Aviation Limited
4.8% - Industry AVG
Employees
with 4 employees, this is below the industry average (74)
- T2 Aviation Limited
74 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- T2 Aviation Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £386.1k, this is more efficient (£178.1k)
- T2 Aviation Limited
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is later than average (37 days)
- T2 Aviation Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (29 days)
- T2 Aviation Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- T2 Aviation Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 56 weeks, this is more cash available to meet short term requirements (20 weeks)
56 weeks - T2 Aviation Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.4%, this is a higher level of debt than the average (71.7%)
93.4% - T2 Aviation Limited
71.7% - Industry AVG
T2 AVIATION LIMITED financials
T2 Aviation Limited's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of £73.9 thousand. According to their latest financial statements, we estimate that T2 Aviation Limited has 4 employees and maintains cash reserves of £144.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 446,042 | 640,400 | 813,241 | 708 | 329,006 | 927,520 | 1,395,849 | 2,327,801 | 2,441,881 | 3,430,372 | 2,319,642 | |
| Intangible Assets | ||||||||||||
| Investments & Other | 119,462 | |||||||||||
| Debtors (Due After 1 year) | 220,493 | 1 | ||||||||||
| Total Fixed Assets | 565,504 | 640,400 | 813,241 | 708 | 329,006 | 1,148,013 | 1,395,850 | 2,327,801 | 2,441,881 | 3,430,372 | 2,319,642 | |
| Stock & work in progress | ||||||||||||
| Trade Debtors | 407,275 | 391,018 | 391,018 | 391,018 | 391,018 | 130,465 | 8,024 | 103,549 | 703,052 | 163 | 43,784 | |
| Group Debtors | ||||||||||||
| Misc Debtors | ||||||||||||
| Cash | 144,761 | 2,528 | 5,335 | 190,267 | 9 | 5 | 129,507 | 16,325 | 1,003 | 5,819 | 4,915 | |
| misc current assets | ||||||||||||
| total current assets | 552,036 | 393,546 | 396,353 | 581,285 | 391,027 | 130,470 | 137,531 | 119,874 | 704,055 | 5,982 | 48,699 | |
| total assets | 1,117,540 | 1,033,946 | 1,209,594 | 581,993 | 720,033 | 1,278,483 | 1,533,381 | 2,447,675 | 3,145,936 | 3,436,354 | 2,368,341 | |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 132,437 | 251,863 | 459,874 | 436,105 | 473,791 | 441,145 | 651,200 | 211,409 | 542,036 | 200,238 | 90,420 | |
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | ||||||||||||
| total current liabilities | 132,437 | 251,863 | 459,874 | 436,105 | 473,791 | 441,145 | 651,200 | 211,409 | 542,036 | 200,238 | 90,420 | |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 911,217 | 911,897 | 1,649,112 | 1,849,135 | 2,755,071 | 3,520,378 | 3,721,242 | 4,721,853 | 4,831,785 | 5,283,495 | 2,825,076 | |
| provisions | ||||||||||||
| total long term liabilities | 911,217 | 911,897 | 1,649,112 | 1,849,135 | 2,755,071 | 3,520,378 | 3,721,242 | 4,721,853 | 4,831,785 | 5,283,495 | 2,825,076 | |
| total liabilities | 1,043,654 | 1,163,760 | 2,108,986 | 2,285,240 | 3,228,862 | 3,961,523 | 4,372,442 | 4,933,262 | 5,373,821 | 5,483,733 | 2,915,496 | |
| net assets | 73,886 | -129,814 | -899,392 | -1,703,247 | -2,508,829 | -2,683,040 | -2,839,061 | -2,485,587 | -2,227,885 | -2,047,379 | -547,155 | |
| total shareholders funds | 73,886 | -129,814 | -899,392 | -1,703,247 | -2,508,829 | -2,683,040 | -2,839,061 | -2,485,587 | -2,227,885 | -2,047,379 | -547,155 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 194,358 | 194,358 | 136,897 | 328,298 | 688,482 | 629,915 | 931,952 | 1,350,530 | 1,097,526 | 874,049 | 428,422 | |
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | ||||||||||||
| Debtors | 16,257 | 40,060 | 342,933 | -95,524 | -599,503 | 702,889 | -43,621 | 43,784 | ||||
| Creditors | -119,426 | -208,011 | 23,769 | -37,686 | 32,646 | -210,055 | 439,791 | -330,627 | 341,798 | 109,818 | 90,420 | |
| Accruals and Deferred Income | ||||||||||||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 119,462 | |||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | -680 | -737,215 | -200,023 | -905,936 | -765,307 | -200,864 | -1,000,611 | -109,932 | -451,710 | 2,458,419 | 2,825,076 | |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 142,233 | -2,807 | -184,932 | 190,258 | 4 | -129,502 | 113,182 | 15,322 | -4,816 | 904 | 4,915 | |
| overdraft | ||||||||||||
| change in cash | 142,233 | -2,807 | -184,932 | 190,258 | 4 | -129,502 | 113,182 | 15,322 | -4,816 | 904 | 4,915 |
t2 aviation limited Credit Report and Business Information
T2 Aviation Limited Competitor Analysis
Perform a competitor analysis for t2 aviation limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in W 4 area or any other competitors across 12 key performance metrics.
t2 aviation limited Ownership
T2 AVIATION LIMITED group structure
T2 Aviation Limited has no subsidiary companies.
Ultimate parent company
2 parents
T2 AVIATION LIMITED
07615313
t2 aviation limited directors
T2 Aviation Limited currently has 2 directors. The longest serving directors include Mr Andrew Offer (Apr 2011) and Mr Patrick Curran (Sep 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Offer | England | 59 years | Apr 2011 | - | Director |
| Mr Patrick Curran | 77 years | Sep 2012 | - | Director |
P&L
March 2023turnover
1.5m
+1%
operating profit
248.4k
0%
gross margin
10.5%
+10.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
73.9k
-1.57%
total assets
1.1m
+0.08%
cash
144.8k
+56.26%
net assets
Total assets minus all liabilities
t2 aviation limited company details
company number
07615313
Type
Private limited with Share Capital
industry
52230 - Service activities incidental to air transportation
incorporation date
April 2011
age
14
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
N/A
accountant
SPIERS & COMPANY
auditor
-
address
72 fielding road, chiswick, london, W4 1DB
Bank
-
Legal Advisor
-
t2 aviation 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 12 charges/mortgages relating to t2 aviation limited. Currently there are 3 open charges and 9 have been satisfied in the past.
t2 aviation 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 T2 AVIATION LIMITED. This can take several minutes, an email will notify you when this has completed.
t2 aviation limited Companies House Filings - See Documents
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