advance air conditioning ltd
advance air conditioning ltd Company Information
Company Number
09847435
Website
www.advanceac.co.ukRegistered Address
156 russell drive wollaton, nottingham, nottinghamshire, NG8 2BE
Industry
Steam and air conditioning supply
Telephone
01159770428
Next Accounts Due
July 2025
Group Structure
View All
Directors
Daniel Lee8 Years
Shareholders
daniel edward lee 84.6%
laura lee & darren lee 7.7%
View Alladvance air conditioning ltd Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE AIR CONDITIONING LTD at £649.3k based on a Turnover of £471.1k and 1.38x industry multiple (adjusted for size and gross margin).
advance air conditioning ltd Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE AIR CONDITIONING LTD at £0 based on an EBITDA of £-25 and a 4.6x industry multiple (adjusted for size and gross margin).
advance air conditioning ltd Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE AIR CONDITIONING LTD at £76.5k based on Net Assets of £27.7k and 2.76x industry multiple (adjusted for liquidity).
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Advance Air Conditioning Ltd Overview
Advance Air Conditioning Ltd is a live company located in nottinghamshire, NG8 2BE with a Companies House number of 09847435. It operates in the steam and air conditioning supply sector, SIC Code 35300. Founded in October 2015, it's largest shareholder is daniel edward lee with a 84.6% stake. Advance Air Conditioning Ltd is a young, micro sized company, Pomanda has estimated its turnover at £471.1k with declining growth in recent years.
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Advance Air Conditioning Ltd Health Check
Pomanda's financial health check has awarded Advance Air Conditioning Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £471.1k, make it smaller than the average company (£1.6m)
- Advance Air Conditioning Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (10.8%)
- Advance Air Conditioning Ltd
10.8% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)
- Advance Air Conditioning Ltd
22.6% - Industry AVG
Profitability
an operating margin of -2.3% make it less profitable than the average company (6.8%)
- Advance Air Conditioning Ltd
6.8% - Industry AVG
Employees
with 8 employees, this is above the industry average (6)
8 - Advance Air Conditioning Ltd
6 - Industry AVG
Pay Structure
on an average salary of £62.5k, the company has an equivalent pay structure (£62.5k)
- Advance Air Conditioning Ltd
£62.5k - Industry AVG
Efficiency
resulting in sales per employee of £58.9k, this is less efficient (£172.6k)
- Advance Air Conditioning Ltd
£172.6k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (79 days)
- Advance Air Conditioning Ltd
79 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (40 days)
- Advance Air Conditioning Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Advance Air Conditioning Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is average cash available to meet short term requirements (34 weeks)
29 weeks - Advance Air Conditioning Ltd
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.6%, this is a higher level of debt than the average (55.3%)
87.6% - Advance Air Conditioning Ltd
55.3% - Industry AVG
ADVANCE AIR CONDITIONING LTD financials
Advance Air Conditioning Ltd's latest turnover from October 2023 is estimated at £471.1 thousand and the company has net assets of £27.7 thousand. According to their latest financial statements, Advance Air Conditioning Ltd has 8 employees and maintains cash reserves of £110.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,140 | 39,607 | 51,703 | 42,493 | 40,453 | 51,330 | 43,061 | 14,890 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 61,140 | 39,607 | 51,703 | 42,493 | 40,453 | 51,330 | 43,061 | 14,890 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 44,210 | 122,342 | 87,422 | 123,959 | 121,455 | 89,812 | 68,300 | 46,972 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,880 | 0 | 0 | 0 | 0 | 0 | 0 | 7,744 |
| Cash | 110,300 | 112,888 | 108,721 | 115,093 | 97,395 | 128,691 | 62,544 | 45,012 |
| misc current assets | 6,491 | 20,049 | 7,328 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 162,881 | 255,279 | 203,471 | 239,052 | 218,850 | 218,503 | 130,844 | 99,728 |
| total assets | 224,021 | 294,886 | 255,174 | 281,545 | 259,303 | 269,833 | 173,905 | 114,618 |
| Bank overdraft | 26,538 | 36,368 | 45,957 | 50,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,249 | 82,609 | 34,397 | 14,307 | 47,477 | 69,543 | 20,623 | 10,843 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 26,303 | 9,049 | 7,747 | 7,702 | 10,776 | 10,776 | 10,776 | 4,176 |
| other current liabilities | 123,241 | 130,350 | 125,207 | 173,710 | 148,729 | 110,569 | 89,929 | 84,771 |
| total current liabilities | 196,331 | 258,376 | 213,308 | 245,719 | 206,982 | 190,888 | 121,328 | 99,790 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 7,036 | 4,663 | 14,026 | 26,118 | 24,627 | 9,911 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 7,036 | 4,663 | 14,026 | 26,118 | 24,627 | 9,911 |
| total liabilities | 196,331 | 258,376 | 220,344 | 250,382 | 221,008 | 217,006 | 145,955 | 109,701 |
| net assets | 27,690 | 36,510 | 34,830 | 31,163 | 38,295 | 52,827 | 27,950 | 4,917 |
| total shareholders funds | 27,690 | 36,510 | 34,830 | 31,163 | 38,295 | 52,827 | 27,950 | 4,917 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 10,914 | 12,496 | 4,679 | 7,599 | 12,575 | 11,215 | 14,113 | 4,964 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -76,252 | 34,920 | -36,537 | 2,504 | 31,643 | 21,512 | 13,584 | 54,716 |
| Creditors | -62,360 | 48,212 | 20,090 | -33,170 | -22,066 | 48,920 | 9,780 | 10,843 |
| Accruals and Deferred Income | -7,109 | 5,143 | -48,503 | 24,981 | 38,160 | 20,640 | 5,158 | 84,771 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 17,254 | -5,734 | 2,418 | -12,437 | -12,092 | 1,491 | 21,316 | 14,087 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -2,588 | 4,167 | -6,372 | 17,698 | -31,296 | 66,147 | 17,532 | 45,012 |
| overdraft | -9,830 | -9,589 | -4,043 | 50,000 | 0 | 0 | 0 | 0 |
| change in cash | 7,242 | 13,756 | -2,329 | -32,302 | -31,296 | 66,147 | 17,532 | 45,012 |
advance air conditioning ltd Credit Report and Business Information
Advance Air Conditioning Ltd Competitor Analysis
Perform a competitor analysis for advance air conditioning ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
advance air conditioning ltd Ownership
ADVANCE AIR CONDITIONING LTD group structure
Advance Air Conditioning Ltd has no subsidiary companies.
Ultimate parent company
ADVANCE AIR CONDITIONING LTD
09847435
advance air conditioning ltd directors
Advance Air Conditioning Ltd currently has 1 director, Mr Daniel Lee serving since Oct 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Lee | United Kingdom | 41 years | Oct 2015 | - | Director |
P&L
October 2023turnover
471.1k
-38%
operating profit
-10.9k
0%
gross margin
22.6%
-16.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
27.7k
-0.24%
total assets
224k
-0.24%
cash
110.3k
-0.02%
net assets
Total assets minus all liabilities
advance air conditioning ltd company details
company number
09847435
Type
Private limited with Share Capital
industry
35300 - Steam and air conditioning supply
incorporation date
October 2015
age
9
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
156 russell drive wollaton, nottingham, nottinghamshire, NG8 2BE
last accounts submitted
October 2023
advance air conditioning 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 did not find charges/mortgages relating to advance air conditioning ltd.
advance air conditioning ltd Companies House Filings - See Documents
| date | description | view/download |
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