Pomanda estimates the enterprise value of FLIGHT CHECKS LIMITED at £282.7k based on a Turnover of £705.4k and 0.4x industry multiple (adjusted for size and gross margin).
flight checks limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FLIGHT CHECKS LIMITED at £0 based on an EBITDA of £-20.9k and a 2.38x industry multiple (adjusted for size and gross margin).
flight checks limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FLIGHT CHECKS LIMITED at £0 based on Net Assets of £-121.8k and 2.55x industry multiple (adjusted for liquidity).
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Flight Checks LimitedOverview
Flight Checks Limited is a live company located in london, W4 1DB with a Companies House number of 10828650. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in June 2017, it's largest shareholder is
dufax limited
with a 100% stake. Flight Checks Limited is a young,
small sized company, Pomanda has estimated its turnover at
£705.4k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Flight Checks Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
1 Regular
5 Weak
Size
annual sales of £705.4k, make it smaller than the average company (£14.7m)
£705.4k - Flight Checks Limited
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (-0.3%)
6% - Flight Checks Limited
-0.3% - Industry AVG
Production
with a gross margin of 10.8%, this company has a higher cost of product (31%)
10.8% - Flight Checks Limited
31% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (5.2%)
-3% - Flight Checks Limited
5.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (72)
2 - Flight Checks Limited
72 - Industry AVG
Pay Structure
on an average salary of £55.9k, the company has an equivalent pay structure (£55.9k)
£55.9k - Flight Checks Limited
£55.9k - Industry AVG
Efficiency
resulting in sales per employee of £352.7k, this is more efficient (£178.5k)
£352.7k - Flight Checks Limited
£178.5k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (39 days)
12 days - Flight Checks Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (28 days)
136 days - Flight Checks Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Flight Checks Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Flight Checks Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 207.1%, this is a higher level of debt than the average (73%)
207.1% - Flight Checks Limited
73% - Industry AVG
FLIGHT CHECKS LIMITED financials
EXPORT
Flight Checks Limited's latest turnover from April 2023 is estimated at £705.4 thousand and the company has net assets of -£121.8 thousand. According to their latest financial statements, we estimate that Flight Checks Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2023
Apr 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Turnover
705,397
550,428
516,604
587,748
520,690
261,653
Other Income Or Grants
Cost Of Sales
629,298
486,885
479,903
493,452
417,120
219,640
Gross Profit
76,099
63,544
36,701
94,295
103,570
42,013
Admin Expenses
97,020
82,454
62,170
114,314
126,811
55,289
Operating Profit
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
Interest Payable
Interest Receivable
Pre-Tax Profit
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
Tax
Profit After Tax
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
Dividends Paid
Retained Profit
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
Employee Costs
111,833
90,320
91,007
100,000
48,151
47,976
Number Of Employees
2
2
2
2
1
1
EBITDA*
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023
Apr 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Tangible Assets
88,272
105,339
72,406
84,473
96,540
108,607
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
88,272
105,339
72,406
84,473
96,540
108,607
Stock & work in progress
Trade Debtors
24,231
28,085
43,375
49,221
61,391
22,855
Group Debtors
Misc Debtors
1,310
1,556
1,556
1,556
Cash
misc current assets
1,556
1,556
total current assets
25,541
29,641
44,931
50,777
62,947
24,411
total assets
113,813
134,980
117,337
135,250
159,487
133,018
Bank overdraft
Bank loan
Trade Creditors
234,899
235,145
198,592
191,036
195,254
145,544
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
234,899
235,145
198,592
191,036
195,254
145,544
loans
hp & lease commitments
Accruals and Deferred Income
750
750
750
750
750
other liabilities
provisions
total long term liabilities
750
750
750
750
750
750
total liabilities
235,649
235,895
199,342
191,786
196,004
146,294
net assets
-121,836
-100,915
-82,005
-56,536
-36,517
-13,276
total shareholders funds
-121,836
-100,915
-82,005
-56,536
-36,517
-13,276
Apr 2023
Apr 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Operating Activities
Operating Profit
-20,921
-18,910
-25,469
-20,019
-23,241
-13,276
Depreciation
Amortisation
Tax
Stock
Debtors
-4,100
-15,290
-5,846
-10,614
38,536
22,855
Creditors
-246
36,553
7,556
-4,218
49,710
145,544
Accruals and Deferred Income
750
Deferred Taxes & Provisions
Cash flow from operations
-17,067
32,933
-12,067
-13,623
-11,317
109,413
Investing Activities
capital expenditure
17,067
-32,933
12,067
12,067
12,067
-108,607
Change in Investments
cash flow from investments
17,067
-32,933
12,067
12,067
12,067
-108,607
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
flight checks limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for flight checks limited. Get real-time insights into flight checks limited's credit score, group structure and payment trends.
Perform a competitor analysis for flight checks limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in W 4 area or any other competitors across 12 key performance metrics.
flight checks limited Ownership
FLIGHT CHECKS LIMITED group structure
Flight Checks Limited has no subsidiary companies.
Ultimate parent company
FLIGHT CHECKS LIMITED
10828650
FLIGHT CHECKS LIMITED Shareholders
The sole shareholder of Flight Checks Limited is Dufax Limited.
dufax limited
100%
flight checks limited directors
Flight Checks Limited currently has 2 directors.
The longest serving directors include
Mr Michael Manders (Jun 2017) and
Mrs Carol Manders (Jun 2017).
52230 - Service activities incidental to air transportation
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
SPIERS & CO
auditor
-
address
72 fielding road, london, W4 1DB
Bank
-
Legal Advisor
-
flight checks 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 flight checks limited.
flight checks limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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flight checks limitedCompanies House Filings - See Documents
