network aviation group ltd
network aviation group ltd Company Information
Company Number
08339061
Website
www.network-airline.comRegistered Address
eagle house 103a high street, crawley, west sussex, RH10 1DD
Industry
Activities of head offices
Telephone
01293547737
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
trustee of network aviation group limited eot 51%
mr andrew michael ballard 7.3%
View Allnetwork aviation group ltd Estimated Valuation
The estimated valuation range for network aviation group ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £143.5m to £1.6b
network aviation group ltd Estimated Valuation
The estimated valuation range for network aviation group ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £143.5m to £1.6b
network aviation group ltd Estimated Valuation
The estimated valuation range for network aviation group ltd, derived from financial data as of December 2022 and the most recent industry multiples, is between £143.5m to £1.6b
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Network Aviation Group Ltd Overview
Network Aviation Group Ltd is a live company located in west sussex, RH10 1DD with a Companies House number of 08339061. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2012, it's largest shareholder is trustee of network aviation group limited eot with a 51% stake. Network Aviation Group Ltd is a established, mega sized company, Pomanda has estimated its turnover at £309m with high growth in recent years.
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Network Aviation Group Ltd Health Check
Pomanda's financial health check has awarded Network Aviation Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £309m, make it larger than the average company (£20.3m)
£309m - Network Aviation Group Ltd
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3%)
21% - Network Aviation Group Ltd
3% - Industry AVG
Production
with a gross margin of 21.4%, this company has a higher cost of product (33.2%)
21.4% - Network Aviation Group Ltd
33.2% - Industry AVG
Profitability
an operating margin of 14.6% make it more profitable than the average company (6%)
14.6% - Network Aviation Group Ltd
6% - Industry AVG
Employees
with 187 employees, this is above the industry average (120)
187 - Network Aviation Group Ltd
120 - Industry AVG
Pay Structure
on an average salary of £83.1k, the company has a higher pay structure (£45.8k)
£83.1k - Network Aviation Group Ltd
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.7m, this is more efficient (£188.3k)
£1.7m - Network Aviation Group Ltd
£188.3k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (47 days)
30 days - Network Aviation Group Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (45 days)
24 days - Network Aviation Group Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Network Aviation Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (16 weeks)
52 weeks - Network Aviation Group Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.3%, this is a similar level of debt than the average (57.3%)
53.3% - Network Aviation Group Ltd
57.3% - Industry AVG
network aviation group ltd Credit Report and Business Information
Network Aviation Group Ltd Competitor Analysis
Perform a competitor analysis for network aviation group ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
network aviation group ltd Ownership
NETWORK AVIATION GROUP LTD group structure
Network Aviation Group Ltd has 1 subsidiary company.
Ultimate parent company
NETWORK AVIATION GROUP LTD
08339061
1 subsidiary
network aviation group ltd directors
Network Aviation Group Ltd currently has 7 directors. The longest serving directors include Mr Andrew Ballard (Dec 2012) and Ms Patricia Heilbrink (Dec 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Ballard | United Kingdom | 41 years | Dec 2012 | - | Director |
| Ms Patricia Heilbrink | United Kingdom | 64 years | Dec 2012 | - | Director |
| Mr Andrew Walters | United Kingdom | 60 years | Dec 2012 | - | Director |
| Mr John Gilfeather | United Kingdom | 53 years | Dec 2012 | - | Director |
| Mr Malcolm Higginson | United Kingdom | 54 years | Dec 2012 | - | Director |
| Mr Andrew Leslie | 72 years | Feb 2013 | - | Director | |
| Mr Andrew King | 71 years | Feb 2013 | - | Director |
NETWORK AVIATION GROUP LTD financials
Network Aviation Group Ltd's latest turnover from December 2022 is £309 million and the company has net assets of £38.2 million. According to their latest financial statements, Network Aviation Group Ltd has 187 employees and maintains cash reserves of £43.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 308,973,549 | 238,954,044 | 226,303,904 | 174,750,487 | 209,368,089 | 150,872,116 | 120,884,061 | 124,576,457 | 131,212,179 | 98,171,902 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 242,834,350 | 180,877,912 | 165,867,624 | 163,588,009 | 187,124,984 | 134,075,801 | 110,222,302 | 109,963,324 | 116,796,378 | 92,632,176 |
| Gross Profit | 66,139,199 | 58,076,132 | 60,436,280 | 11,162,478 | 22,243,105 | 16,796,315 | 10,661,759 | 14,613,133 | 14,415,801 | 5,539,726 |
| Admin Expenses | 20,903,523 | 18,371,898 | 16,792,102 | 13,150,465 | 18,340,534 | 14,704,192 | 11,684,821 | 10,261,818 | 8,816,394 | 6,667,319 |
| Operating Profit | 45,235,676 | 39,704,234 | 43,644,178 | -1,987,987 | 3,902,571 | 2,092,123 | -1,023,062 | 4,351,315 | 5,599,407 | -1,127,593 |
| Interest Payable | 209,657 | 256,199 | 358,983 | 923,122 | 66,045 | 68,338 | 116,919 | 11,421 | 18,031 | 126,397 |
| Interest Receivable | 28,444 | 388 | 1,137,394 | 72,691 | 6,897 | 2,050 | 2,613 | 571 | 860 | 3,237 |
| Pre-Tax Profit | 45,059,940 | 39,546,052 | 44,422,589 | -2,838,418 | 3,672,692 | 1,988,070 | -1,307,048 | 4,361,237 | 5,609,880 | -1,262,044 |
| Tax | -9,980,752 | -8,659,051 | -8,249,593 | -79,879 | -1,317,352 | -1,056,674 | 56,369 | -1,680,677 | -1,581,553 | -327,993 |
| Profit After Tax | 35,079,188 | 30,887,001 | 36,172,996 | -2,918,297 | 2,355,340 | 931,396 | -1,250,679 | 2,680,560 | 4,028,327 | -1,590,037 |
| Dividends Paid | 0 | 16,185,448 | 173,485 | 48,383 | 1,179,018 | 280,000 | 500,000 | 1,493,420 | 198,683 | 0 |
| Retained Profit | 35,015,948 | 14,662,745 | 35,768,451 | -2,735,854 | 1,038,467 | 365,757 | -1,867,540 | 1,207,602 | 3,852,687 | -1,593,330 |
| Employee Costs | 15,542,981 | 13,633,180 | 8,729,202 | 8,053,950 | 8,180,314 | 6,865,695 | 5,900,018 | 4,627,418 | 4,184,730 | 3,191,027 |
| Number Of Employees | 187 | 154 | 161 | 179 | 190 | 168 | 151 | 97 | 83 | 68 |
| EBITDA* | 45,450,810 | 39,980,176 | 44,653,492 | -1,002,177 | 5,365,009 | 4,857,665 | 1,332,062 | 6,407,756 | 7,514,562 | 545,095 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,643,905 | 837,331 | 898,122 | 1,068,349 | 1,577,916 | 1,640,122 | 1,568,499 | 1,392,455 | 1,496,867 | 1,466,284 |
| Intangible Assets | 0 | 24,289 | 173,941 | 1,110,704 | 2,055,919 | 3,379,565 | 5,383,682 | 3,812,963 | 5,591,415 | 7,191,754 |
| Investments & Other | 6,047 | 3,235,531 | 2,768,968 | 2,555,358 | 135,674 | 306,406 | 369,169 | 707,329 | 78,422 | 58,749 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,649,952 | 4,097,151 | 3,841,031 | 4,734,411 | 3,769,509 | 5,326,093 | 7,321,350 | 5,912,747 | 7,166,704 | 8,716,787 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 25,411,786 | 17,559,520 | 44,248,929 | 15,150,409 | 19,476,188 | 18,648,384 | 13,788,370 | 10,447,535 | 10,630,922 | 9,595,170 |
| Group Debtors | 450,579 | 583,151 | 1,500,726 | 1,193,104 | 708,528 | 893,331 | 152,966 | 35,242 | 292,706 | 1,035,454 |
| Misc Debtors | 9,445,759 | 3,752,223 | 4,685,063 | 3,900,973 | 2,458,945 | 1,086,913 | 1,435,854 | 2,187,354 | 3,083,526 | 1,329,863 |
| Cash | 43,764,541 | 28,188,780 | 32,401,208 | 4,076,067 | 9,000,147 | 3,648,122 | 4,803,661 | 4,219,571 | 4,178,206 | 1,537,880 |
| misc current assets | 0 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 79,072,665 | 50,233,674 | 82,835,926 | 24,320,553 | 31,643,808 | 24,276,750 | 20,180,851 | 16,889,702 | 18,185,360 | 13,498,367 |
| total assets | 81,722,617 | 54,330,825 | 86,676,957 | 29,054,964 | 35,413,317 | 29,602,843 | 27,502,201 | 22,802,449 | 25,352,064 | 22,215,154 |
| Bank overdraft | 0 | 150,000 | 159,528 | 5,801,243 | 8,024,188 | 0 | 0 | 0 | 36,000 | 3,498,987 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 525,867 | 993,027 | 36,000 | 0 | 0 |
| Trade Creditors | 15,971,985 | 11,356,883 | 9,281,491 | 13,169,655 | 12,424,705 | 11,181,598 | 9,874,324 | 4,894,295 | 8,015,167 | 5,572,202 |
| Group/Directors Accounts | 1,497,369 | 754,630 | 1,316,570 | 1,646,131 | 0 | 1,934 | 120,456 | 191,675 | 21,276 | 100,516 |
| other short term finances | 0 | 378,202 | 1,735,112 | 1,418,771 | 1,000,000 | 0 | 0 | 1,685,000 | 2,341,091 | 2,302,536 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 25,727,891 | 17,856,955 | 46,522,305 | 11,614,086 | 13,737,603 | 9,647,249 | 8,149,926 | 8,155,526 | 5,975,081 | 3,736,341 |
| total current liabilities | 43,197,245 | 30,496,670 | 59,015,006 | 33,649,886 | 35,186,496 | 21,356,648 | 19,137,733 | 14,962,496 | 16,388,615 | 15,210,582 |
| loans | 0 | 775,000 | 1,468,091 | 2,084,574 | 2,045,572 | 4,420,919 | 5,018,506 | 4,242,822 | 6,591,732 | 8,456,287 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 563,134 | 1,187,790 | 0 | 0 | 0 |
| other liabilities | 24,536 | 20,446 | 20,446 | 47,564 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 348,606 | 353,221 | 371,680 | 389,311 | 500,392 | 602,983 | 345,007 | 352,086 | 193,535 | 84,012 |
| total long term liabilities | 373,142 | 1,148,667 | 1,860,217 | 2,521,449 | 2,545,964 | 5,587,036 | 6,551,303 | 4,594,908 | 6,785,267 | 8,546,213 |
| total liabilities | 43,570,387 | 31,645,337 | 60,875,223 | 36,171,335 | 37,732,460 | 26,943,684 | 25,689,036 | 19,557,404 | 23,173,882 | 23,756,795 |
| net assets | 38,152,230 | 22,685,488 | 25,801,734 | -7,116,371 | -2,685,222 | 2,172,260 | 1,599,132 | 3,238,025 | 2,166,791 | -1,559,689 |
| total shareholders funds | 38,152,230 | 22,685,488 | 25,801,734 | -7,116,371 | -2,685,222 | 2,172,260 | 1,599,132 | 3,238,025 | 2,166,791 | -1,559,689 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 45,235,676 | 39,704,234 | 43,644,178 | -1,987,987 | 3,902,571 | 2,092,123 | -1,023,062 | 4,351,315 | 5,599,407 | -1,127,593 |
| Depreciation | 176,470 | 126,290 | 224,998 | 134,417 | 138,792 | 206,957 | 212,782 | 271,521 | 155,435 | 142,974 |
| Amortisation | 38,664 | 149,652 | 784,316 | 851,393 | 1,323,646 | 2,558,585 | 2,142,342 | 1,784,920 | 1,759,720 | 1,529,714 |
| Tax | -9,980,752 | -8,659,051 | -8,249,593 | -79,879 | -1,317,352 | -1,056,674 | 56,369 | -1,680,677 | -1,581,553 | -327,993 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 13,413,230 | -28,539,824 | 30,190,232 | -2,399,175 | 2,015,033 | 5,251,438 | 2,707,059 | -1,337,023 | 2,046,667 | 11,960,487 |
| Creditors | 4,615,102 | 2,075,392 | -3,888,164 | 744,950 | 1,243,107 | 1,307,274 | 4,980,029 | -3,120,872 | 2,442,965 | 5,572,202 |
| Accruals and Deferred Income | 7,870,936 | -28,665,350 | 34,908,219 | -2,123,517 | 3,527,220 | 872,667 | 1,182,190 | 2,180,445 | 2,238,740 | 3,736,341 |
| Deferred Taxes & Provisions | -4,615 | -18,459 | -17,631 | -111,081 | -102,591 | 257,976 | -7,079 | 158,551 | 109,523 | 84,012 |
| Cash flow from operations | 34,538,251 | 33,252,532 | 37,216,091 | -172,529 | 6,700,360 | 987,470 | 4,836,512 | 5,282,226 | 8,677,570 | -2,350,830 |
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -76,586 | -1,050,941 | -2,021,383 | -901,432 | -342,029 | -10,333,229 |
| Change in Investments | -3,229,484 | 466,563 | 213,610 | 2,419,684 | -170,732 | -62,763 | -338,160 | 628,907 | 19,673 | 58,749 |
| cash flow from investments | 3,229,484 | -466,563 | -213,610 | -2,419,684 | 94,146 | -988,178 | -1,683,223 | -1,530,339 | -361,702 | -10,391,978 |
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -525,867 | -467,160 | 957,027 | 36,000 | 0 | 0 |
| Group/Directors Accounts | 742,739 | -561,940 | -329,561 | 1,646,131 | -1,934 | -118,522 | -71,219 | 170,399 | -79,240 | 100,516 |
| Other Short Term Loans | -378,202 | -1,356,910 | 316,341 | 418,771 | 1,000,000 | 0 | -1,685,000 | -656,091 | 38,555 | 2,302,536 |
| Long term loans | -775,000 | -693,091 | -616,483 | 39,002 | -2,375,347 | -597,587 | 775,684 | -2,348,910 | -1,864,555 | 8,456,287 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 4,090 | 0 | -27,118 | 47,564 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -181,213 | -255,811 | 778,411 | -850,431 | -59,148 | -66,288 | -114,306 | -10,850 | -17,171 | -123,160 |
| cash flow from financing | -20,136,792 | -20,646,743 | -2,728,756 | -394,258 | -7,858,245 | -1,042,186 | 90,833 | -2,945,820 | -2,048,618 | 10,769,820 |
| cash and cash equivalents | ||||||||||
| cash | 15,575,761 | -4,212,428 | 28,325,141 | -4,924,080 | 5,352,025 | -1,155,539 | 584,090 | 41,365 | 2,640,326 | 1,537,880 |
| overdraft | -150,000 | -9,528 | -5,641,715 | -2,222,945 | 8,024,188 | 0 | 0 | -36,000 | -3,462,987 | 3,498,987 |
| change in cash | 15,725,761 | -4,202,900 | 33,966,856 | -2,701,135 | -2,672,163 | -1,155,539 | 584,090 | 77,365 | 6,103,313 | -1,961,107 |
P&L
December 2022turnover
309m
+29%
operating profit
45.2m
+14%
gross margin
21.5%
-11.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
38.2m
+0.68%
total assets
81.7m
+0.5%
cash
43.8m
+0.55%
net assets
Total assets minus all liabilities
network aviation group ltd company details
company number
08339061
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2012
age
12
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
eagle house 103a high street, crawley, west sussex, RH10 1DD
last accounts submitted
December 2022
network aviation group ltd 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 16 charges/mortgages relating to network aviation group ltd. Currently there are 1 open charges and 15 have been satisfied in the past.
network aviation group ltd Companies House Filings - See Documents
| date | description | view/download |
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