volair limited Company Information
Company Number
09910942
Website
volair.org.ukRegistered Address
knowsley leisure & culture park, longview drive, huyton, merseyside, L36 6EG
Industry
Operation of sports facilities
Telephone
01514432200
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
volair limited Estimated Valuation
Pomanda estimates the enterprise value of VOLAIR LIMITED at £3.7m based on a Turnover of £3.5m and 1.06x industry multiple (adjusted for size and gross margin).
volair limited Estimated Valuation
Pomanda estimates the enterprise value of VOLAIR LIMITED at £24.6m based on an EBITDA of £4.8m and a 5.15x industry multiple (adjusted for size and gross margin).
volair limited Estimated Valuation
Pomanda estimates the enterprise value of VOLAIR LIMITED at £2.3m based on Net Assets of £901.2k and 2.51x industry multiple (adjusted for liquidity).
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Volair Limited Overview
Volair Limited is a live company located in huyton, L36 6EG with a Companies House number of 09910942. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in December 2015, it's largest shareholder is unknown. Volair Limited is a young, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.
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Volair Limited Health Check
Pomanda's financial health check has awarded Volair Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £3.5m, make it larger than the average company (£733k)
- Volair Limited
£733k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.8%)
- Volair Limited
2.8% - Industry AVG
Production
with a gross margin of 55.5%, this company has a comparable cost of product (55.5%)
- Volair Limited
55.5% - Industry AVG
Profitability
an operating margin of 137.2% make it more profitable than the average company (4.2%)
- Volair Limited
4.2% - Industry AVG
Employees
with 123 employees, this is above the industry average (26)
123 - Volair Limited
26 - Industry AVG
Pay Structure
on an average salary of £17.7k, the company has an equivalent pay structure (£17.7k)
- Volair Limited
£17.7k - Industry AVG
Efficiency
resulting in sales per employee of £28.2k, this is less efficient (£40.5k)
- Volair Limited
£40.5k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is near the average (8 days)
- Volair Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (44 days)
- Volair Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (14 days)
- Volair Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 116 weeks, this is more cash available to meet short term requirements (52 weeks)
116 weeks - Volair Limited
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.1%, this is a similar level of debt than the average (40.6%)
41.1% - Volair Limited
40.6% - Industry AVG
volair limited Credit Report and Business Information
Volair Limited Competitor Analysis
Perform a competitor analysis for volair limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
volair limited Ownership
VOLAIR LIMITED group structure
Volair Limited has no subsidiary companies.
Ultimate parent company
VOLAIR LIMITED
09910942
volair limited directors
Volair Limited currently has 7 directors. The longest serving directors include Mr Richard Smith (Jun 2017) and Mr Ternece Byron (Jul 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Richard Smith | United Kingdom | 55 years | Jun 2017 | - | Director |
Mr Ternece Byron | United Kingdom | 75 years | Jul 2019 | - | Director |
Dr Sarah McNulty | United Kingdom | 49 years | Jun 2022 | - | Director |
Ms Jemma Jones | United Kingdom | 46 years | Jun 2022 | - | Director |
Mr Darren Simpkin | United Kingdom | 57 years | Mar 2023 | - | Director |
Ms Lara Wood | United Kingdom | 52 years | Jul 2023 | - | Director |
Ms Caroline Holmes | 44 years | Jul 2023 | - | Director |
VOLAIR LIMITED financials
Volair Limited's latest turnover from March 2023 is estimated at £3.5 million and the company has net assets of £901.2 thousand. According to their latest financial statements, Volair Limited has 123 employees and maintains cash reserves of £1.4 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 | |
---|---|---|---|---|---|---|---|
Turnover | 3,627,854 | 5,532,915 | 5,617,624 | 5,415,017 | 5,260,754 | ||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||
Cost Of Sales | 0 | 0 | 0 | 0 | 0 | ||
Gross Profit | 3,627,854 | 5,532,915 | 5,617,624 | 5,415,017 | 5,260,754 | ||
Admin Expenses | 3,845,870 | 5,849,083 | 9,315,089 | 5,509,344 | 6,062,648 | ||
Operating Profit | -218,016 | -316,168 | -3,697,465 | -94,327 | -801,894 | ||
Interest Payable | 95,000 | 107,000 | 76,000 | 76,997 | 32,000 | ||
Interest Receivable | 0 | 0 | 0 | 0 | 0 | ||
Pre-Tax Profit | -313,016 | -423,168 | -473,465 | -171,324 | -833,894 | ||
Tax | 0 | -2,563 | 0 | 0 | 0 | ||
Profit After Tax | -313,016 | -425,731 | -473,465 | -171,324 | -833,894 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | ||
Retained Profit | -313,016 | -425,731 | -473,465 | -171,324 | -833,894 | ||
Employee Costs | 3,702,440 | 4,343,211 | 4,499,177 | 4,002,558 | 3,601,214 | ||
Number Of Employees | 123 | 121 | 141 | 141 | 140 | 135 | 128 |
EBITDA* | -189,753 | -289,604 | -3,678,828 | -88,050 | -801,894 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 12,331 | 33,309 | 61,571 | 89,834 | 97,078 | 60,002 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 12,331 | 33,309 | 61,571 | 89,834 | 97,078 | 60,002 | 0 |
Stock & work in progress | 14,060 | 11,986 | 9,471 | 16,362 | 11,785 | 11,834 | 14,851 |
Trade Debtors | 86,882 | 564,392 | 50,903 | 103,726 | 56,838 | 106,416 | 257,776 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 9,584 | 37,960 | 1,399,260 | 112,734 | 33,538 | 110,107 | 110,011 |
Cash | 1,407,354 | 1,077,942 | 309,555 | 790,750 | 915,536 | 692,727 | 593,765 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,517,880 | 1,692,280 | 1,769,189 | 1,023,572 | 1,017,697 | 921,084 | 976,403 |
total assets | 1,530,211 | 1,725,589 | 1,830,760 | 1,113,406 | 1,114,775 | 981,086 | 976,403 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 28,051 | 7,512 | 6,915 | 3,727 | 300 | 14,928 | 53,785 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 600,970 | 709,530 | 1,222,275 | 510,093 | 486,158 | 487,376 | 611,512 |
total current liabilities | 629,021 | 717,042 | 1,229,190 | 513,820 | 486,458 | 502,304 | 665,297 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 3,999,000 | 5,456,000 | 4,219,000 | 4,445,000 | 3,012,000 | 3,149,000 |
total liabilities | 629,021 | 4,716,042 | 6,685,190 | 4,732,820 | 4,931,458 | 3,514,304 | 3,814,297 |
net assets | 901,190 | -2,990,453 | -4,854,430 | -3,619,414 | -3,816,683 | -2,533,218 | -2,837,894 |
total shareholders funds | 901,190 | -2,990,453 | -4,854,430 | -3,619,414 | -3,816,683 | -2,533,218 | -2,837,894 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | -218,016 | -316,168 | -3,697,465 | -94,327 | -801,894 | ||
Depreciation | 20,978 | 28,262 | 28,263 | 26,564 | 18,637 | 6,277 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | -2,563 | 0 | 0 | 0 | ||
Stock | 2,074 | 2,515 | -6,891 | 4,577 | -49 | -3,017 | 14,851 |
Debtors | -505,886 | -847,811 | 1,233,703 | 126,084 | -126,147 | -151,264 | 367,787 |
Creditors | 20,539 | 597 | 3,188 | 3,427 | -14,628 | -38,857 | 53,785 |
Accruals and Deferred Income | -108,560 | -512,745 | 712,182 | 23,935 | -1,218 | -124,136 | 611,512 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -701,195 | -395,466 | -3,568,478 | -96,762 | -519,235 | ||
Investing Activities | |||||||
capital expenditure | 0 | 0 | -55,713 | -66,279 | 0 | ||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | -55,713 | -66,279 | 0 | ||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | -95,000 | -107,000 | -76,000 | -76,997 | -32,000 | ||
cash flow from financing | -1,017,000 | 516,000 | -886,000 | 399,003 | -2,036,000 | ||
cash and cash equivalents | |||||||
cash | 329,412 | 768,387 | -481,195 | -124,786 | 222,809 | 98,962 | 593,765 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 329,412 | 768,387 | -481,195 | -124,786 | 222,809 | 98,962 | 593,765 |
P&L
March 2023turnover
3.5m
-60%
operating profit
4.8m
0%
gross margin
55.5%
+4.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
901.2k
-1.3%
total assets
1.5m
-0.11%
cash
1.4m
+0.31%
net assets
Total assets minus all liabilities
volair limited company details
company number
09910942
Type
Private Ltd By Guarantee w/o Share Cap
industry
93110 - Operation of sports facilities
incorporation date
December 2015
age
9
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
knowsley leisure & culture park, longview drive, huyton, merseyside, L36 6EG
last accounts submitted
March 2023
volair 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 volair limited.
volair limited Companies House Filings - See Documents
date | description | view/download |
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