airtime rewards limited
airtime rewards limited Company Information
Company Number
08731821
Next Accounts
Sep 2025
Industry
Other personal service activities n.e.c.
Shareholders
mr adam stuart ward
mr joshua spear graham
View AllGroup Structure
View All
Contact
Registered Address
5th floor queens house, queen street, manchester, M2 5HT
Website
www.airtimerewards.co.ukairtime rewards limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTIME REWARDS LIMITED at £27.7m based on a Turnover of £28.8m and 0.96x industry multiple (adjusted for size and gross margin).
airtime rewards limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTIME REWARDS LIMITED at £23.1m based on an EBITDA of £3.7m and a 6.28x industry multiple (adjusted for size and gross margin).
airtime rewards limited Estimated Valuation
Pomanda estimates the enterprise value of AIRTIME REWARDS LIMITED at £20.1m based on Net Assets of £9.7m and 2.08x industry multiple (adjusted for liquidity).
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Airtime Rewards Limited Overview
Airtime Rewards Limited is a live company located in manchester, M2 5HT with a Companies House number of 08731821. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in October 2013, it's largest shareholder is mr adam stuart ward with a 33.8% stake. Airtime Rewards Limited is a established, large sized company, Pomanda has estimated its turnover at £28.8m with high growth in recent years.
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Airtime Rewards Limited Health Check
Pomanda's financial health check has awarded Airtime Rewards Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £28.8m, make it larger than the average company (£1.1m)
£28.8m - Airtime Rewards Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (7.8%)
- Airtime Rewards Limited
7.8% - Industry AVG
Production
with a gross margin of 30.3%, this company has a higher cost of product (42.3%)
30.3% - Airtime Rewards Limited
42.3% - Industry AVG
Profitability
an operating margin of 9.6% make it more profitable than the average company (6.5%)
9.6% - Airtime Rewards Limited
6.5% - Industry AVG
Employees
with 69 employees, this is above the industry average (15)
69 - Airtime Rewards Limited
15 - Industry AVG
Pay Structure
on an average salary of £62.8k, the company has a higher pay structure (£33.6k)
£62.8k - Airtime Rewards Limited
£33.6k - Industry AVG
Efficiency
resulting in sales per employee of £416.7k, this is more efficient (£100.9k)
£416.7k - Airtime Rewards Limited
£100.9k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (30 days)
94 days - Airtime Rewards Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (41 days)
35 days - Airtime Rewards Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Airtime Rewards Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 107 weeks, this is more cash available to meet short term requirements (40 weeks)
107 weeks - Airtime Rewards Limited
40 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.9%, this is a higher level of debt than the average (46.6%)
54.9% - Airtime Rewards Limited
46.6% - Industry AVG
AIRTIME REWARDS LIMITED financials
Airtime Rewards Limited's latest turnover from December 2023 is £28.8 million and the company has net assets of £9.7 million. According to their latest financial statements, Airtime Rewards Limited has 69 employees and maintains cash reserves of £9.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,753,402 | 22,996,019 | 16,208,227 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 20,040,938 | 14,251,210 | 9,320,335 | |||||||
| Gross Profit | 8,712,464 | 8,744,809 | 6,887,892 | |||||||
| Admin Expenses | 5,964,273 | 3,982,822 | 2,528,585 | |||||||
| Operating Profit | 2,748,191 | 4,761,987 | 4,359,307 | |||||||
| Interest Payable | 0 | 0 | 0 | |||||||
| Interest Receivable | 115,004 | 1,588 | 0 | |||||||
| Pre-Tax Profit | 2,863,195 | 4,763,575 | 4,359,307 | |||||||
| Tax | -416,977 | -439,148 | -854,592 | |||||||
| Profit After Tax | 2,446,218 | 4,324,427 | 3,504,715 | |||||||
| Dividends Paid | 1,500,001 | 1,500,000 | 0 | |||||||
| Retained Profit | 946,217 | 2,824,427 | 3,504,715 | |||||||
| Employee Costs | 4,335,434 | 2,689,911 | 1,807,417 | |||||||
| Number Of Employees | 69 | 45 | 33 | 22 | 15 | 3 | ||||
| EBITDA* | 3,678,579 | 5,327,379 | 4,655,313 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 73,771 | 76,192 | 79,556 | 42,766 | 15,671 | 13,718 | 6,143 | 5,275 | 21,726 | 408 |
| Intangible Assets | 3,691,104 | 2,359,804 | 1,480,620 | 740,322 | 15,954 | 23,525 | 10,121 | 13,495 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,764,875 | 2,435,996 | 1,560,176 | 783,088 | 31,625 | 37,243 | 16,264 | 18,770 | 21,726 | 408 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,461,078 | 5,142,660 | 4,760,584 | 2,607,296 | 1,268,294 | 63,548 | 22,421 | 9,600 | 114 | 2,587 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 397,578 | 352,327 | 0 | 233,043 | 91,560 | 181,905 | 10,388 | 262 | 0 | 0 |
| Cash | 9,792,781 | 10,652,689 | 9,893,062 | 5,572,853 | 900,316 | 472,072 | 176,807 | 10,869 | 2,104 | 7,550 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,651,437 | 16,147,676 | 14,653,646 | 8,413,192 | 2,260,170 | 717,525 | 209,616 | 20,731 | 2,218 | 10,137 |
| total assets | 21,416,312 | 18,583,672 | 16,213,822 | 9,196,280 | 2,291,795 | 754,768 | 225,880 | 39,501 | 23,944 | 10,545 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 91 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69 | 0 |
| Trade Creditors | 1,961,505 | 1,170,654 | 882,668 | 385,043 | 356,280 | 167,687 | 27,729 | 6,599 | 4,869 | 9,763 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,891 | 45,013 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,152 | 1,152 | 0 |
| other current liabilities | 2,792,527 | 2,301,894 | 2,695,578 | 2,804,822 | 772,974 | 87,554 | 74,883 | 32,976 | 1,000 | 0 |
| total current liabilities | 4,754,032 | 3,472,548 | 3,578,246 | 3,189,865 | 1,129,254 | 255,241 | 102,612 | 88,709 | 52,103 | 9,763 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,030 | 4,169 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 12,261 | 68,000 | 0 | 0 | 0 |
| provisions | 7,002,151 | 6,397,212 | 5,948,311 | 2,861,365 | 757,204 | 59,911 | 6,683 | 652 | 3,328 | 0 |
| total long term liabilities | 7,002,151 | 6,397,212 | 5,948,311 | 2,861,365 | 757,204 | 72,172 | 74,683 | 3,682 | 7,497 | 0 |
| total liabilities | 11,756,183 | 9,869,760 | 9,526,557 | 6,051,230 | 1,886,458 | 327,413 | 177,295 | 92,391 | 59,600 | 9,763 |
| net assets | 9,660,129 | 8,713,912 | 6,687,265 | 3,145,050 | 405,337 | 427,355 | 48,585 | -52,890 | -35,656 | 782 |
| total shareholders funds | 9,660,129 | 8,713,912 | 6,687,265 | 3,145,050 | 405,337 | 427,355 | 48,585 | -52,890 | -35,656 | 782 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,748,191 | 4,761,987 | 4,359,307 | |||||||
| Depreciation | 49,029 | 40,553 | 25,696 | 17,356 | 6,889 | 1,664 | 5,616 | 1,751 | 200 | |
| Amortisation | 881,359 | 524,839 | 270,310 | 9,095 | 7,571 | 2,676 | 0 | 0 | 0 | |
| Tax | -416,977 | -439,148 | -854,592 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,363,669 | 734,403 | 1,920,245 | 1,480,485 | 1,114,401 | 212,644 | 22,947 | 9,748 | -2,473 | 2,587 |
| Creditors | 790,851 | 287,986 | 497,625 | 28,763 | 188,593 | 139,958 | 21,130 | 1,730 | -4,894 | 9,763 |
| Accruals and Deferred Income | 490,633 | -393,684 | -109,244 | 2,031,848 | 685,420 | 12,671 | 41,907 | 31,976 | 1,000 | 0 |
| Deferred Taxes & Provisions | 604,939 | 448,901 | 3,086,946 | 2,104,161 | 697,293 | 53,228 | 6,031 | -2,676 | 3,328 | 0 |
| Cash flow from operations | 2,784,356 | 4,497,031 | 5,355,803 | |||||||
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | 0 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | |||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -69 | 69 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -47,891 | 2,878 | 45,013 | 0 |
| 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 | -4,182 | -1,139 | 5,321 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -12,261 | -55,739 | 68,000 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 115,004 | 1,588 | 0 | |||||||
| cash flow from financing | 115,004 | -796,192 | 37,500 | |||||||
| cash and cash equivalents | ||||||||||
| cash | -859,908 | 759,627 | 4,320,209 | 4,672,537 | 428,244 | 295,265 | 165,938 | 8,765 | -5,446 | 7,550 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -91 | 91 | 0 | 0 |
| change in cash | -859,908 | 759,627 | 4,320,209 | 4,672,537 | 428,244 | 295,265 | 166,029 | 8,674 | -5,446 | 7,550 |
airtime rewards limited Credit Report and Business Information
Airtime Rewards Limited Competitor Analysis
Perform a competitor analysis for airtime rewards limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.
airtime rewards limited Ownership
AIRTIME REWARDS LIMITED group structure
Airtime Rewards Limited has no subsidiary companies.
Ultimate parent company
AIRTIME REWARDS LIMITED
08731821
airtime rewards limited directors
Airtime Rewards Limited currently has 4 directors. The longest serving directors include Mr Adam Ward (Oct 2013) and Mr Joshua Graham (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Ward | England | 45 years | Oct 2013 | - | Director |
| Mr Joshua Graham | England | 34 years | Feb 2015 | - | Director |
| Mr Neale Graham | United Kingdom | 62 years | Aug 2015 | - | Director |
| Mr James Pugh | United Kingdom | 35 years | Mar 2020 | - | Director |
P&L
December 2023turnover
28.8m
+25%
operating profit
2.7m
-42%
gross margin
30.4%
-20.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.7m
+0.11%
total assets
21.4m
+0.15%
cash
9.8m
-0.08%
net assets
Total assets minus all liabilities
airtime rewards limited company details
company number
08731821
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
October 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
qwkpay limited (November 2014)
accountant
-
auditor
PM & M SOLUTIONS FOR BUSINESS LLP
address
5th floor queens house, queen street, manchester, M2 5HT
Bank
HSBC INNOVATION BANKING
Legal Advisor
-
airtime rewards 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 airtime rewards limited.
airtime rewards limited Companies House Filings - See Documents
| date | description | view/download |
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