wings couriers ltd
wings couriers ltd Company Information
Company Number
10356927
Website
-Registered Address
suite 21 10 churchill square, kings hill, west malling, ME19 4YU
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
143 days late
Group Structure
View All
Shareholders
garry fiore 50%
brett smith 50%
wings couriers ltd Estimated Valuation
Pomanda estimates the enterprise value of WINGS COURIERS LTD at £226.8k based on a Turnover of £404.3k and 0.56x industry multiple (adjusted for size and gross margin).
wings couriers ltd Estimated Valuation
Pomanda estimates the enterprise value of WINGS COURIERS LTD at £90.7k based on an EBITDA of £20.5k and a 4.42x industry multiple (adjusted for size and gross margin).
wings couriers ltd Estimated Valuation
Pomanda estimates the enterprise value of WINGS COURIERS LTD at £64 based on Net Assets of £123 and 0.52x industry multiple (adjusted for liquidity).
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Wings Couriers Ltd Overview
Wings Couriers Ltd is a live company located in west malling, ME19 4YU with a Companies House number of 10356927. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2016, it's largest shareholder is garry fiore with a 50% stake. Wings Couriers Ltd is a young, micro sized company, Pomanda has estimated its turnover at £404.3k with high growth in recent years.
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Wings Couriers Ltd Health Check
Pomanda's financial health check has awarded Wings Couriers Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
5 Weak
Size
annual sales of £404.3k, make it smaller than the average company (£2.8m)
- Wings Couriers Ltd
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (2.2%)
- Wings Couriers Ltd
2.2% - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)
- Wings Couriers Ltd
38.3% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (6.5%)
- Wings Couriers Ltd
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (21)
3 - Wings Couriers Ltd
21 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Wings Couriers Ltd
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £134.8k, this is equally as efficient (£134.8k)
- Wings Couriers Ltd
£134.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Wings Couriers Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Wings Couriers Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Wings Couriers Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (27 weeks)
17 weeks - Wings Couriers Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (62.9%)
99.9% - Wings Couriers Ltd
62.9% - Industry AVG
WINGS COURIERS LTD financials
Wings Couriers Ltd's latest turnover from July 2022 is estimated at £404.3 thousand and the company has net assets of £123. According to their latest financial statements, Wings Couriers Ltd has 3 employees and maintains cash reserves of £32.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 2 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 13,855 | 18,473 | 24,631 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,855 | 18,473 | 24,631 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 50,000 | 55,225 | 50,000 | 0 | 0 | 0 |
| Cash | 32,283 | 36,116 | 38,680 | 29,609 | 100 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 82,283 | 91,341 | 88,680 | 29,609 | 100 | 0 |
| total assets | 96,138 | 109,814 | 113,311 | 29,609 | 100 | 0 |
| Bank overdraft | 39,777 | 35,434 | 50,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 658 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 56,238 | 84,623 | 43,550 | 29,586 | 0 | 0 |
| total current liabilities | 96,015 | 120,715 | 93,550 | 29,586 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 96,015 | 120,715 | 93,550 | 29,586 | 0 | 0 |
| net assets | 123 | -10,901 | 19,761 | 23 | 100 | 0 |
| total shareholders funds | 123 | -10,901 | 19,761 | 23 | 100 | 0 |
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 4,618 | 6,158 | 8,210 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,225 | 5,225 | 50,000 | 0 | 0 | 0 |
| Creditors | -658 | 658 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -28,385 | 41,073 | 13,964 | 29,586 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -3,833 | -2,564 | 9,071 | 29,509 | 100 | 0 |
| overdraft | 4,343 | -14,566 | 50,000 | 0 | 0 | 0 |
| change in cash | -8,176 | 12,002 | -40,929 | 29,509 | 100 | 0 |
wings couriers ltd Credit Report and Business Information
Wings Couriers Ltd Competitor Analysis
Perform a competitor analysis for wings couriers ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in ME19 area or any other competitors across 12 key performance metrics.
wings couriers ltd Ownership
WINGS COURIERS LTD group structure
Wings Couriers Ltd has no subsidiary companies.
Ultimate parent company
WINGS COURIERS LTD
10356927
wings couriers ltd directors
Wings Couriers Ltd currently has 2 directors. The longest serving directors include Mr Brett Smith (Oct 2017) and Mr Garry Fiore (Oct 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brett Smith | England | 49 years | Oct 2017 | - | Director |
| Mr Garry Fiore | England | 57 years | Oct 2017 | - | Director |
P&L
July 2022turnover
404.3k
+111%
operating profit
15.9k
0%
gross margin
38.4%
+4.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
123
-1.01%
total assets
96.1k
-0.12%
cash
32.3k
-0.11%
net assets
Total assets minus all liabilities
Similar Companies
wings couriers ltd company details
company number
10356927
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
welling fc academy limited (April 2023)
last accounts submitted
July 2022
address
suite 21 10 churchill square, kings hill, west malling, ME19 4YU
accountant
THE ACCOUNTANCY PRACTICE LTD
auditor
-
wings couriers 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 wings couriers ltd.
wings couriers ltd Companies House Filings - See Documents
| date | description | view/download |
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