airport city (manchester) limited

3.5

airport city (manchester) limited Company Information

Share AIRPORT CITY (MANCHESTER) LIMITED
Live 
EstablishedSmall

Company Number

08385544

Registered Address

6th olympic house, manchester airport, manchester, greater manchester, M90 1QX

Industry

Activities of head offices

 

Telephone

08452261014

Next Accounts Due

December 2024

Group Structure

View All

Directors

John O'Toole3 Years

Janine Bramall3 Years

View All

Shareholders

manchester airports holdings ltd 100%

airport city (manchester) limited Estimated Valuation

£842.2k

Pomanda estimates the enterprise value of AIRPORT CITY (MANCHESTER) LIMITED at £842.2k based on a Turnover of £1.5m and 0.56x industry multiple (adjusted for size and gross margin).

airport city (manchester) limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of AIRPORT CITY (MANCHESTER) LIMITED at £5.6m based on an EBITDA of £1.5m and a 3.74x industry multiple (adjusted for size and gross margin).

airport city (manchester) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of AIRPORT CITY (MANCHESTER) LIMITED at £0 based on Net Assets of £-6.9m and 2.68x industry multiple (adjusted for liquidity).

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Airport City (manchester) Limited Overview

Airport City (manchester) Limited is a live company located in manchester, M90 1QX with a Companies House number of 08385544. It operates in the activities of head offices sector, SIC Code 70100. Founded in February 2013, it's largest shareholder is manchester airports holdings ltd with a 100% stake. Airport City (manchester) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with unknown growth in recent years.

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Airport City (manchester) Limited Health Check

Pomanda's financial health check has awarded Airport City (Manchester) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £1.5m, make it smaller than the average company (£19.8m)

£1.5m - Airport City (manchester) Limited

£19.8m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Airport City (manchester) Limited

- - Industry AVG

production

Production

with a gross margin of 19.2%, this company has a higher cost of product (32.7%)

19.2% - Airport City (manchester) Limited

32.7% - Industry AVG

profitability

Profitability

an operating margin of 99.2% make it more profitable than the average company (5.9%)

99.2% - Airport City (manchester) Limited

5.9% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (117)

4 - Airport City (manchester) Limited

117 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)

£45.4k - Airport City (manchester) Limited

£45.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £378k, this is more efficient (£187.5k)

£378k - Airport City (manchester) Limited

£187.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is near the average (46 days)

39 days - Airport City (manchester) Limited

46 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Airport City (manchester) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Airport City (manchester) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is average cash available to meet short term requirements (16 weeks)

17 weeks - Airport City (manchester) Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 122.3%, this is a higher level of debt than the average (57%)

122.3% - Airport City (manchester) Limited

57% - Industry AVG

AIRPORT CITY (MANCHESTER) LIMITED financials

EXPORTms excel logo

Airport City (Manchester) Limited's latest turnover from March 2023 is £1.5 million and the company has net assets of -£6.9 million. According to their latest financial statements, we estimate that Airport City (Manchester) Limited has 4 employees and maintains cash reserves of £13 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Turnover1,512,000930,0000007,915,0008,338,0005,083,00000
Other Income Or Grants0000000000
Cost Of Sales1,221,500754,9850006,445,3336,751,6184,125,83900
Gross Profit290,500175,0160001,469,6671,586,382957,16100
Admin Expenses-1,209,500-948,984090,0001,257,000-4,406,333-439,6182,950,1613,607,0003,607,000
Operating Profit1,500,0001,124,0000-90,000-1,257,0005,876,0002,026,000-1,993,000-3,607,000-3,607,000
Interest Payable0000000000
Interest Receivable0000046,00075,00055,00000
Pre-Tax Profit1,639,0001,554,000-8,679,000-226,0002,271,0005,922,0002,101,000-1,938,000-4,013,000-3,607,000
Tax-257,000-751,000-425,000869,000-683,000-1,325,000-434,000-193,00000
Profit After Tax1,382,000803,000-9,104,000643,0001,588,0004,597,0001,667,000-2,131,000-4,013,000-3,607,000
Dividends Paid0000000000
Retained Profit1,382,000803,000-9,104,000643,0001,588,0004,597,0001,667,000-2,131,000-4,013,000-3,607,000
Employee Costs181,642000000649,12700
Number Of Employees4311126281811
EBITDA*1,500,0001,124,0000-90,0009,564,00016,697,0002,026,0001,614,00000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Tangible Assets10,660,00022,423,00020,893,00036,820,00036,472,00028,077,00030,721,00015,799,00015,826,00019,433,000
Intangible Assets0000000000
Investments & Other7,083,00011,763,00010,062,00025,989,00024,543,00016,417,00015,761,00014,166,0007,286,0000
Debtors (Due After 1 year)0000000000
Total Fixed Assets17,743,00022,423,00020,893,00036,820,00036,472,00028,077,00030,721,00029,965,00023,112,00019,433,000
Stock & work in progress00000356,000478,0004,862,0003,208,0000
Trade Debtors163,000162,0000004,0000000
Group Debtors120,000237,000170,000175,000171,0001,420,00032,000000
Misc Debtors072,00087,000318,00073,000122,0004,0006,823,0001,750,0000
Cash13,004,00011,455,00012,075,00026,555,0001,173,0008,530,00014,666,000940,0006,136,0001,051,000
misc current assets0000000000
total current assets13,287,00011,926,00012,332,00027,048,0001,417,00010,432,00015,180,00012,625,00011,094,0001,051,000
total assets31,030,00034,349,00033,225,00063,868,00037,889,00038,509,00045,901,00042,590,00034,206,00020,484,000
Bank overdraft0000000000
Bank loan0000000000
Trade Creditors 000005,0000000
Group/Directors Accounts37,625,00000000050,304,00041,826,00023,040,000
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities318,00042,644,00042,323,00063,862,00038,526,00040,729,00053,579,0001,631,00001,051,000
total current liabilities37,943,00042,644,00042,323,00063,862,00038,526,00040,734,00053,579,00051,935,00041,826,00024,091,000
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions0000000000
total long term liabilities0000000000
total liabilities37,943,00042,644,00042,323,00063,862,00038,526,00040,734,00053,579,00051,935,00041,826,00024,091,000
net assets-6,913,000-8,295,000-9,098,0006,000-637,000-2,225,000-7,678,000-9,345,000-7,620,000-3,607,000
total shareholders funds-6,913,000-8,295,000-9,098,0006,000-637,000-2,225,000-7,678,000-9,345,000-7,620,000-3,607,000
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Operating Activities
Operating Profit1,500,0001,124,0000-90,000-1,257,0005,876,0002,026,000-1,993,000-3,607,000-3,607,000
Depreciation000010,821,00010,821,00003,607,0003,607,0003,607,000
Amortisation0000000000
Tax-257,000-751,000-425,000869,000-683,000-1,325,000-434,000-193,00000
Stock0000-356,000-122,000-4,384,0001,654,0003,208,0000
Debtors-188,000214,000-236,000249,000-1,302,0001,510,000-6,787,0005,073,0001,750,0000
Creditors0000-5,0005,0000000
Accruals and Deferred Income-42,326,000321,000-21,539,00025,336,000-2,203,000-12,850,00051,948,0001,631,000-1,051,0001,051,000
Deferred Taxes & Provisions0000000000
Cash flow from operations-40,895,000480,000-21,728,00025,866,0008,331,0001,139,00064,711,000-3,675,000-6,009,0001,051,000
Investing Activities
capital expenditure11,763,000-1,530,00015,927,000-348,000-19,216,000-8,177,000-14,922,000-3,580,0000-23,040,000
Change in Investments-4,680,0001,701,000-15,927,0001,446,0008,126,000656,0001,595,0006,880,0007,286,0000
cash flow from investments16,443,000-3,231,00031,854,000-1,794,000-27,342,000-8,833,000-16,517,000-10,460,000-7,286,000-23,040,000
Financing Activities
Bank loans0000000000
Group/Directors Accounts37,625,00000000-50,304,0008,478,00018,786,00023,040,000
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue00000856,0000406,00000
interest0000046,00075,00055,00000
cash flow from financing37,625,0000000902,000-50,229,0008,939,00018,786,00023,040,000
cash and cash equivalents
cash1,549,000-620,000-14,480,00025,382,000-7,357,000-6,136,00013,726,000-5,196,0005,085,0001,051,000
overdraft0000000000
change in cash1,549,000-620,000-14,480,00025,382,000-7,357,000-6,136,00013,726,000-5,196,0005,085,0001,051,000

airport city (manchester) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Airport City (manchester) Limited Competitor Analysis

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Perform a competitor analysis for airport city (manchester) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in M90 area or any other competitors across 12 key performance metrics.

airport city (manchester) limited Ownership

AIRPORT CITY (MANCHESTER) LIMITED group structure

Airport City (Manchester) Limited has 1 subsidiary company.

Ultimate parent company

1 parent

AIRPORT CITY (MANCHESTER) LIMITED

08385544

1 subsidiary

AIRPORT CITY (MANCHESTER) LIMITED Shareholders

manchester airports holdings ltd 100%

airport city (manchester) limited directors

Airport City (Manchester) Limited currently has 3 directors. The longest serving directors include Mr John O'Toole (Dec 2020) and Mrs Janine Bramall (Dec 2020).

officercountryagestartendrole
Mr John O'TooleUnited Kingdom50 years Dec 2020- Director
Mrs Janine Bramall52 years Dec 2020- Director
Mr John O'TooleEngland50 years Dec 2020- Director

P&L

March 2023

turnover

1.5m

+63%

operating profit

1.5m

+33%

gross margin

19.3%

+2.09%

turnover

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

Balance Sheet

March 2023

net assets

-6.9m

-0.17%

total assets

31m

-0.1%

cash

13m

+0.14%

net assets

Total assets minus all liabilities

airport city (manchester) limited company details

company number

08385544

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

February 2013

age

11

incorporated

UK

accounts

Audit Exemption Subsidiary

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

-

address

6th olympic house, manchester airport, manchester, greater manchester, M90 1QX

Bank

-

Legal Advisor

-

airport city (manchester) 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 did not find charges/mortgages relating to airport city (manchester) limited.

charges

airport city (manchester) limited Companies House Filings - See Documents

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