airport city (manchester) limited Company Information
Company Number
08385544
Website
www.magairports.comRegistered 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
Shareholders
manchester airports holdings ltd 100%
airport city (manchester) limited Estimated Valuation
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
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
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
2 Strong
3 Regular
4 Weak
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
There is insufficient data available for this Key Performance Indicator!
- Airport City (manchester) Limited
- - Industry AVG
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
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
with 4 employees, this is below the industry average (117)
- Airport City (manchester) Limited
117 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
- Airport City (manchester) Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £378k, this is more efficient (£187.5k)
- Airport City (manchester) Limited
£187.5k - Industry AVG
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
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Airport City (manchester) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Airport City (manchester) Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,512,000 | 930,000 | 0 | 0 | 0 | 7,915,000 | 8,338,000 | 5,083,000 | 0 | 0 |
Other Income Or Grants | 0 | |||||||||
Cost Of Sales | 0 | |||||||||
Gross Profit | 0 | |||||||||
Admin Expenses | 0 | |||||||||
Operating Profit | 1,500,000 | 1,124,000 | 0 | -90,000 | -1,257,000 | 5,876,000 | 2,026,000 | -1,993,000 | -3,607,000 | -3,607,000 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 46,000 | 75,000 | 55,000 | 0 | 0 |
Pre-Tax Profit | 1,639,000 | 1,554,000 | -8,679,000 | -226,000 | 2,271,000 | 5,922,000 | 2,101,000 | -1,938,000 | -4,013,000 | -3,607,000 |
Tax | -257,000 | -751,000 | -425,000 | 869,000 | -683,000 | -1,325,000 | -434,000 | -193,000 | 0 | 0 |
Profit After Tax | 1,382,000 | 803,000 | -9,104,000 | 643,000 | 1,588,000 | 4,597,000 | 1,667,000 | -2,131,000 | -4,013,000 | -3,607,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 1,382,000 | 803,000 | -9,104,000 | 643,000 | 1,588,000 | 4,597,000 | 1,667,000 | -2,131,000 | -4,013,000 | -3,607,000 |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Number Of Employees | ||||||||||
EBITDA* | 1,500,000 | 1,124,000 | 0 | -90,000 | 9,564,000 | 16,697,000 | 2,026,000 | 1,614,000 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 10,660,000 | 22,423,000 | 20,893,000 | 36,820,000 | 36,472,000 | 28,077,000 | 30,721,000 | 15,799,000 | 15,826,000 | 19,433,000 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 7,083,000 | 11,763,000 | 10,062,000 | 25,989,000 | 24,543,000 | 16,417,000 | 15,761,000 | 14,166,000 | 7,286,000 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 17,743,000 | 22,423,000 | 20,893,000 | 36,820,000 | 36,472,000 | 28,077,000 | 30,721,000 | 29,965,000 | 23,112,000 | 19,433,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 356,000 | 478,000 | 4,862,000 | 3,208,000 | 0 |
Trade Debtors | 163,000 | 162,000 | 0 | 0 | 0 | 4,000 | 0 | 0 | 0 | 0 |
Group Debtors | 120,000 | 237,000 | 170,000 | 175,000 | 171,000 | 1,420,000 | 32,000 | 0 | 0 | 0 |
Misc Debtors | 0 | 72,000 | 87,000 | 318,000 | 73,000 | 122,000 | 4,000 | 6,823,000 | 1,750,000 | 0 |
Cash | 13,004,000 | 11,455,000 | 12,075,000 | 26,555,000 | 1,173,000 | 8,530,000 | 14,666,000 | 940,000 | 6,136,000 | 1,051,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 13,287,000 | 11,926,000 | 12,332,000 | 27,048,000 | 1,417,000 | 10,432,000 | 15,180,000 | 12,625,000 | 11,094,000 | 1,051,000 |
total assets | 31,030,000 | 34,349,000 | 33,225,000 | 63,868,000 | 37,889,000 | 38,509,000 | 45,901,000 | 42,590,000 | 34,206,000 | 20,484,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 0 | 5,000 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 37,625,000 | 0 | 0 | 0 | 0 | 0 | 0 | 50,304,000 | 41,826,000 | 23,040,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 318,000 | 42,644,000 | 42,323,000 | 63,862,000 | 38,526,000 | 40,729,000 | 53,579,000 | 1,631,000 | 0 | 1,051,000 |
total current liabilities | 37,943,000 | 42,644,000 | 42,323,000 | 63,862,000 | 38,526,000 | 40,734,000 | 53,579,000 | 51,935,000 | 41,826,000 | 24,091,000 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 37,943,000 | 42,644,000 | 42,323,000 | 63,862,000 | 38,526,000 | 40,734,000 | 53,579,000 | 51,935,000 | 41,826,000 | 24,091,000 |
net assets | -6,913,000 | -8,295,000 | -9,098,000 | 6,000 | -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 | -9,098,000 | 6,000 | -637,000 | -2,225,000 | -7,678,000 | -9,345,000 | -7,620,000 | -3,607,000 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | 1,500,000 | 1,124,000 | 0 | -90,000 | -1,257,000 | 5,876,000 | 2,026,000 | -1,993,000 | -3,607,000 | -3,607,000 |
Depreciation | 0 | 0 | 0 | 0 | 10,821,000 | 10,821,000 | 0 | 3,607,000 | 3,607,000 | 3,607,000 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -257,000 | -751,000 | -425,000 | 869,000 | -683,000 | -1,325,000 | -434,000 | -193,000 | 0 | 0 |
Stock | 0 | 0 | 0 | 0 | -356,000 | -122,000 | -4,384,000 | 1,654,000 | 3,208,000 | 0 |
Debtors | -188,000 | 214,000 | -236,000 | 249,000 | -1,302,000 | 1,510,000 | -6,787,000 | 5,073,000 | 1,750,000 | 0 |
Creditors | 0 | 0 | 0 | 0 | -5,000 | 5,000 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | -42,326,000 | 321,000 | -21,539,000 | 25,336,000 | -2,203,000 | -12,850,000 | 51,948,000 | 1,631,000 | -1,051,000 | 1,051,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -40,895,000 | 480,000 | -21,728,000 | 25,866,000 | 8,331,000 | 1,139,000 | 64,711,000 | -3,675,000 | -6,009,000 | 1,051,000 |
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | -4,680,000 | 1,701,000 | -15,927,000 | 1,446,000 | 8,126,000 | 656,000 | 1,595,000 | 6,880,000 | 7,286,000 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 37,625,000 | 0 | 0 | 0 | 0 | 0 | -50,304,000 | 8,478,000 | 18,786,000 | 23,040,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 46,000 | 75,000 | 55,000 | 0 | 0 |
cash flow from financing | 37,625,000 | 0 | 0 | 0 | 0 | 902,000 | -50,229,000 | 8,939,000 | 18,786,000 | 23,040,000 |
cash and cash equivalents | ||||||||||
cash | 1,549,000 | -620,000 | -14,480,000 | 25,382,000 | -7,357,000 | -6,136,000 | 13,726,000 | -5,196,000 | 5,085,000 | 1,051,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,549,000 | -620,000 | -14,480,000 | 25,382,000 | -7,357,000 | -6,136,000 | 13,726,000 | -5,196,000 | 5,085,000 | 1,051,000 |
airport city (manchester) limited Credit Report and Business Information
Airport City (manchester) Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John O'Toole | United Kingdom | 50 years | Dec 2020 | - | Director |
Mrs Janine Bramall | 52 years | Dec 2020 | - | Director | |
Mr John O'Toole | England | 50 years | Dec 2020 | - | Director |
P&L
March 2023turnover
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 2023net 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
ultimate parent company
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.
airport city (manchester) limited Companies House Filings - See Documents
date | description | view/download |
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