avire trading limited
avire trading limited Company Information
Company Number
10249656
Website
avire-global.comRegistered Address
unit 2 the switchback, gardner road, maidenhead, SL6 7RJ
Industry
Manufacture of electronic components
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
halma plc 100%
avire trading limited Estimated Valuation
Pomanda estimates the enterprise value of AVIRE TRADING LIMITED at £5.8m based on a Turnover of £9.1m and 0.64x industry multiple (adjusted for size and gross margin).
avire trading limited Estimated Valuation
Pomanda estimates the enterprise value of AVIRE TRADING LIMITED at £0 based on an EBITDA of £-2.5m and a 3.56x industry multiple (adjusted for size and gross margin).
avire trading limited Estimated Valuation
Pomanda estimates the enterprise value of AVIRE TRADING LIMITED at £10.4m based on Net Assets of £4.8m and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Avire Trading Limited Overview
Avire Trading Limited is a live company located in maidenhead, SL6 7RJ with a Companies House number of 10249656. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in June 2016, it's largest shareholder is halma plc with a 100% stake. Avire Trading Limited is a young, mid sized company, Pomanda has estimated its turnover at £9.1m with high growth in recent years.
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Avire Trading Limited Health Check
Pomanda's financial health check has awarded Avire Trading Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £9.1m, make it smaller than the average company (£19.1m)
£9.1m - Avire Trading Limited
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.4%)
17% - Avire Trading Limited
5.4% - Industry AVG
Production
with a gross margin of 5.8%, this company has a higher cost of product (30.2%)
5.8% - Avire Trading Limited
30.2% - Industry AVG
Profitability
an operating margin of -29.8% make it less profitable than the average company (6.6%)
-29.8% - Avire Trading Limited
6.6% - Industry AVG
Employees
with 37 employees, this is below the industry average (87)
37 - Avire Trading Limited
87 - Industry AVG
Pay Structure
on an average salary of £77.8k, the company has a higher pay structure (£45k)
£77.8k - Avire Trading Limited
£45k - Industry AVG
Efficiency
resulting in sales per employee of £246.1k, this is more efficient (£174.6k)
£246.1k - Avire Trading Limited
£174.6k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (56 days)
83 days - Avire Trading Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (46 days)
11 days - Avire Trading Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is less than average (102 days)
39 days - Avire Trading Limited
102 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (14 weeks)
20 weeks - Avire Trading Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.1%, this is a similar level of debt than the average (44.8%)
42.1% - Avire Trading Limited
44.8% - Industry AVG
AVIRE TRADING LIMITED financials
Avire Trading Limited's latest turnover from March 2023 is £9.1 million and the company has net assets of £4.8 million. According to their latest financial statements, Avire Trading Limited has 37 employees and maintains cash reserves of £897.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 9,105,088 | 7,288,224 | 5,870,709 | 5,695,374 | 5,260,057 | 5,201,460 | 3,626,504 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 8,577,749 | 7,116,533 | 5,163,152 | 4,583,959 | 4,823,611 | 4,496,676 | 2,675,809 |
| Gross Profit | 527,339 | 171,691 | 707,557 | 1,111,415 | 436,446 | 704,784 | 950,695 |
| Admin Expenses | 3,243,666 | 2,648,056 | 2,539,389 | 2,647,734 | 2,818,561 | 2,358,410 | 1,534,046 |
| Operating Profit | -2,716,327 | -2,476,365 | -1,831,832 | -1,536,319 | -2,382,115 | -1,653,626 | -583,351 |
| Interest Payable | 7,744 | 11,236 | 15,430 | 19,179 | 0 | 0 | 0 |
| Interest Receivable | 35,218 | 190 | 0 | 1,024 | 2,343 | 4,797 | 8,787 |
| Pre-Tax Profit | 849,853 | 1,787,589 | 3,427,091 | 345,526 | 3,224,159 | 897,129 | 1,085,723 |
| Tax | -9,666 | 20,734 | 18,498 | 47,920 | 146 | 42,337 | 27,519 |
| Profit After Tax | 840,187 | 1,808,323 | 3,445,589 | 393,446 | 3,224,305 | 939,466 | 1,113,242 |
| Dividends Paid | 0 | 1,975,000 | 3,424,503 | 1,250,000 | 4,240,015 | 0 | 0 |
| Retained Profit | 840,187 | -166,677 | 21,086 | -856,554 | -1,015,710 | 939,466 | 1,113,242 |
| Employee Costs | 2,877,597 | 2,636,365 | 2,227,474 | 2,674,599 | 2,689,984 | 2,140,829 | 1,460,197 |
| Number Of Employees | 37 | 36 | 34 | 38 | 36 | 36 | 30 |
| EBITDA* | -2,504,521 | -2,271,075 | -1,553,405 | -1,138,594 | -2,096,035 | -1,367,715 | -419,139 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 240,698 | 303,742 | 453,689 | 631,034 | 162,447 | 183,416 | 165,533 |
| Intangible Assets | 201,785 | 185,501 | 171,357 | 224,904 | 338,989 | 411,628 | 553,699 |
| Investments & Other | 2,450,158 | 2,450,158 | 2,450,158 | 2,450,158 | 2,450,158 | 2,450,158 | 2,450,158 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,892,641 | 2,939,401 | 3,075,204 | 3,306,096 | 2,951,594 | 3,045,202 | 3,169,390 |
| Stock & work in progress | 936,532 | 614,224 | 498,250 | 463,638 | 525,968 | 234,007 | 233,968 |
| Trade Debtors | 2,076,999 | 1,553,398 | 1,632,740 | 1,314,300 | 1,163,500 | 1,209,741 | 1,080,073 |
| Group Debtors | 922,293 | 42,139 | 60,219 | 184,004 | 764,027 | 1,501,121 | 1,477,555 |
| Misc Debtors | 567,305 | 557,061 | 475,045 | 409,584 | 328,747 | 344,331 | 410,649 |
| Cash | 897,538 | 588,781 | 1,114,484 | 330,103 | 511,133 | 801,885 | 576,413 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,400,667 | 3,355,603 | 3,780,738 | 2,701,629 | 3,293,375 | 4,091,085 | 3,778,658 |
| total assets | 8,293,308 | 6,295,004 | 6,855,942 | 6,007,725 | 6,244,969 | 7,136,287 | 6,948,048 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 269,684 | 314,065 | 67,634 | 182,211 | 105,807 | 256,350 | 119,539 |
| Group/Directors Accounts | 866,180 | 251,081 | 1,119,129 | 403,221 | 322,348 | 251,486 | 1,083,301 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 139,088 | 112,795 | 101,419 | 90,744 | 0 | 0 | 0 |
| other current liabilities | 979,748 | 689,169 | 647,980 | 692,453 | 613,551 | 574,165 | 592,656 |
| total current liabilities | 2,254,700 | 1,367,110 | 1,936,162 | 1,368,629 | 1,041,706 | 1,082,001 | 1,795,496 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 31,570 | 121,923 | 273,271 | 410,898 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,051,040 | 716,591 | 385,385 | 0 | 0 | 17,017 | 30,808 |
| provisions | 152,433 | 126,002 | 131,069 | 119,229 | 272,359 | 90,655 | 114,762 |
| total long term liabilities | 1,235,043 | 964,516 | 789,725 | 530,127 | 272,359 | 107,672 | 145,570 |
| total liabilities | 3,489,743 | 2,331,626 | 2,725,887 | 1,898,756 | 1,314,065 | 1,189,673 | 1,941,066 |
| net assets | 4,803,565 | 3,963,378 | 4,130,055 | 4,108,969 | 4,930,904 | 5,946,614 | 5,006,982 |
| total shareholders funds | 4,803,565 | 3,963,378 | 4,130,055 | 4,108,969 | 4,930,904 | 5,946,614 | 5,006,982 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -2,716,327 | -2,476,365 | -1,831,832 | -1,536,319 | -2,382,115 | -1,653,626 | -583,351 |
| Depreciation | 187,490 | 175,354 | 182,764 | 196,623 | 80,644 | 79,374 | 61,868 |
| Amortisation | 24,316 | 29,936 | 95,663 | 201,102 | 205,436 | 206,537 | 102,344 |
| Tax | -9,666 | 20,734 | 18,498 | 47,920 | 146 | 42,337 | 27,519 |
| Stock | 322,308 | 115,974 | 34,612 | -62,330 | 291,961 | 39 | 233,968 |
| Debtors | 1,413,999 | -15,406 | 260,116 | -348,386 | -798,919 | 86,916 | 2,968,277 |
| Creditors | -44,381 | 246,431 | -114,577 | 76,404 | -150,543 | 136,811 | 119,539 |
| Accruals and Deferred Income | 290,579 | 41,189 | -44,473 | 78,902 | 39,386 | -18,491 | 592,656 |
| Deferred Taxes & Provisions | 26,431 | -5,067 | 11,840 | -153,130 | 181,704 | -24,107 | 114,762 |
| Cash flow from operations | -3,977,865 | -2,068,356 | -1,976,845 | -677,782 | -1,518,384 | -1,318,120 | -2,766,908 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2,450,158 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 615,099 | -868,048 | 715,908 | 80,873 | 70,862 | -831,815 | 1,083,301 |
| 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 | -64,060 | -139,972 | -126,952 | 501,642 | 0 | 0 | 0 |
| other long term liabilities | 334,449 | 331,206 | 385,385 | 0 | -17,017 | -13,791 | 30,808 |
| share issue | |||||||
| interest | 27,474 | -11,046 | -15,430 | -18,155 | 2,343 | 4,797 | 8,787 |
| cash flow from financing | 912,962 | -687,860 | 958,911 | 598,979 | 56,188 | -840,643 | 5,016,636 |
| cash and cash equivalents | |||||||
| cash | 308,757 | -525,703 | 784,381 | -181,030 | -290,752 | 225,472 | 576,413 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 308,757 | -525,703 | 784,381 | -181,030 | -290,752 | 225,472 | 576,413 |
avire trading limited Credit Report and Business Information
Avire Trading Limited Competitor Analysis
Perform a competitor analysis for avire trading limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in SL6 area or any other competitors across 12 key performance metrics.
avire trading limited Ownership
AVIRE TRADING LIMITED group structure
Avire Trading Limited has 1 subsidiary company.
Ultimate parent company
1 parent
AVIRE TRADING LIMITED
10249656
1 subsidiary
avire trading limited directors
Avire Trading Limited currently has 6 directors. The longest serving directors include Mrs Kirstie McCormack (Jan 2019) and Ms Julie Eaton (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Kirstie McCormack | United Kingdom | 46 years | Jan 2019 | - | Director |
| Ms Julie Eaton | 52 years | Mar 2020 | - | Director | |
| Mr Tyler Newsom | United Kingdom | 35 years | Apr 2021 | - | Director |
| Dr Thorsten Muller | 47 years | Dec 2022 | - | Director | |
| Mr Peter Beattie | United Kingdom | 35 years | Jul 2023 | - | Director |
| Mr Adam Sykes | United Kingdom | 37 years | Jul 2023 | - | Director |
P&L
March 2023turnover
9.1m
+25%
operating profit
-2.7m
+10%
gross margin
5.8%
+145.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
4.8m
+0.21%
total assets
8.3m
+0.32%
cash
897.5k
+0.52%
net assets
Total assets minus all liabilities
avire trading limited company details
company number
10249656
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
unit 2 the switchback, gardner road, maidenhead, SL6 7RJ
Bank
-
Legal Advisor
-
avire trading 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 avire trading limited.
avire trading limited Companies House Filings - See Documents
| date | description | view/download |
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