aa projects (2018) limited
aa projects (2018) limited Company Information
Company Number
11147105
Next Accounts
Nov 2024
Industry
Other business support service activities n.e.c.
Shareholders
drees & sommer uk limited
Group Structure
View All
Contact
Registered Address
jackson house sibson road, sale, M33 7RR
Website
www.aaprojects.co.ukaa projects (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of AA PROJECTS (2018) LIMITED at £25m based on a Turnover of £24.5m and 1.02x industry multiple (adjusted for size and gross margin).
aa projects (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of AA PROJECTS (2018) LIMITED at £50.5m based on an EBITDA of £6.5m and a 7.78x industry multiple (adjusted for size and gross margin).
aa projects (2018) limited Estimated Valuation
Pomanda estimates the enterprise value of AA PROJECTS (2018) LIMITED at £14.7m based on Net Assets of £5.7m and 2.58x industry multiple (adjusted for liquidity).
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Aa Projects (2018) Limited Overview
Aa Projects (2018) Limited is a dissolved company that was located in sale, M33 7RR with a Companies House number of 11147105. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2018, it's largest shareholder was drees & sommer uk limited with a 100% stake. The last turnover for Aa Projects (2018) Limited was estimated at £24.5m.
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Aa Projects (2018) Limited Health Check
Pomanda's financial health check has awarded Aa Projects (2018) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £24.5m, make it larger than the average company (£3m)
£24.5m - Aa Projects (2018) Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (4%)
19% - Aa Projects (2018) Limited
4% - Industry AVG
Production
with a gross margin of 47.7%, this company has a lower cost of product (38.8%)
47.7% - Aa Projects (2018) Limited
38.8% - Industry AVG
Profitability
an operating margin of 21.6% make it more profitable than the average company (6.5%)
21.6% - Aa Projects (2018) Limited
6.5% - Industry AVG
Employees
with 187 employees, this is above the industry average (20)
187 - Aa Projects (2018) Limited
20 - Industry AVG
Pay Structure
on an average salary of £58.6k, the company has a higher pay structure (£43.5k)
£58.6k - Aa Projects (2018) Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £131.2k, this is equally as efficient (£137k)
£131.2k - Aa Projects (2018) Limited
£137k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (39 days)
67 days - Aa Projects (2018) Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (34 days)
42 days - Aa Projects (2018) Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Aa Projects (2018) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (28 weeks)
43 weeks - Aa Projects (2018) Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.2%, this is a lower level of debt than the average (60.4%)
52.2% - Aa Projects (2018) Limited
60.4% - Industry AVG
AA PROJECTS (2018) LIMITED financials
Aa Projects (2018) Limited's latest turnover from March 2023 is £24.5 million and the company has net assets of £5.7 million. According to their latest financial statements, Aa Projects (2018) Limited has 187 employees and maintains cash reserves of £5.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 24,534,590 | 20,812,971 | 17,552,634 | 14,625,472 | 12,389,649 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 12,833,786 | 11,650,109 | 9,254,811 | 7,255,598 | 6,248,147 |
| Gross Profit | 11,700,804 | 9,162,862 | 8,297,823 | 7,369,874 | 6,141,502 |
| Admin Expenses | 6,396,163 | 5,422,583 | 5,124,921 | 5,057,793 | 4,357,942 |
| Operating Profit | 5,304,641 | 3,740,279 | 3,172,902 | 2,312,081 | 1,783,560 |
| Interest Payable | 56,637 | 103,769 | 135,237 | 185,733 | 239,346 |
| Interest Receivable | 2,743 | 265 | 1,566 | 4,758 | 1,665 |
| Pre-Tax Profit | 5,250,747 | 3,636,775 | 3,039,231 | 2,131,106 | 1,545,879 |
| Tax | -921,829 | -912,646 | -781,252 | -598,349 | -524,824 |
| Profit After Tax | 4,328,918 | 2,724,129 | 2,257,979 | 1,532,757 | 1,021,055 |
| Dividends Paid | 778,778 | 2,801,613 | 191,006 | 839,006 | 551,892 |
| Retained Profit | 3,550,140 | -77,484 | 2,066,973 | 693,751 | 469,163 |
| Employee Costs | 10,962,808 | 9,380,103 | 8,557,320 | 6,721,396 | 5,512,382 |
| Number Of Employees | 187 | 169 | 153 | 133 | 114 |
| EBITDA* | 6,495,247 | 4,904,237 | 4,338,811 | 3,464,485 | 3,069,164 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 243,558 | 152,173 | 168,082 | 203,025 | 162,014 |
| Intangible Assets | 46,335 | 1,099,206 | 2,164,926 | 3,186,610 | 4,266,002 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 289,893 | 1,251,379 | 2,333,008 | 3,389,635 | 4,428,016 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,568,172 | 3,817,578 | 3,187,544 | 3,319,616 | 2,209,381 |
| Group Debtors | 1,165,713 | 937,643 | 660,883 | 0 | 0 |
| Misc Debtors | 692,224 | 609,066 | 626,053 | 427,847 | 915,173 |
| Cash | 5,200,462 | 3,800,312 | 3,881,176 | 2,442,445 | 2,277,771 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,626,571 | 9,164,599 | 8,355,656 | 6,189,908 | 5,402,325 |
| total assets | 11,916,464 | 10,415,978 | 10,688,664 | 9,579,543 | 9,830,341 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 900,000 | 900,000 | 850,000 |
| Trade Creditors | 1,504,853 | 1,190,015 | 901,142 | 548,296 | 591,664 |
| Group/Directors Accounts | 1 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 1,276,888 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,654,739 | 4,861,531 | 4,442,573 | 3,136,787 | 2,671,054 |
| total current liabilities | 6,159,593 | 7,328,434 | 6,243,715 | 4,585,083 | 4,112,718 |
| loans | 0 | 900,000 | 2,100,000 | 3,000,000 | 4,443,254 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 56,267 | 37,080 | 28,896 | 26,340 | 0 |
| total long term liabilities | 56,267 | 937,080 | 2,128,896 | 3,026,340 | 4,443,254 |
| total liabilities | 6,215,860 | 8,265,514 | 8,372,611 | 7,611,423 | 8,555,972 |
| net assets | 5,700,604 | 2,150,464 | 2,316,053 | 1,968,120 | 1,274,369 |
| total shareholders funds | 5,700,604 | 2,150,464 | 2,316,053 | 1,968,120 | 1,274,369 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 5,304,641 | 3,740,279 | 3,172,902 | 2,312,081 | 1,783,560 |
| Depreciation | 106,525 | 84,859 | 90,459 | 77,624 | 62,694 |
| Amortisation | 1,084,081 | 1,079,099 | 1,075,450 | 1,074,780 | 1,222,910 |
| Tax | -921,829 | -912,646 | -781,252 | -598,349 | -524,824 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,061,822 | 889,807 | 727,017 | 622,909 | 3,124,554 |
| Creditors | 314,838 | 288,873 | 352,846 | -43,368 | 591,664 |
| Accruals and Deferred Income | -206,792 | 418,958 | 1,305,786 | 465,733 | 2,671,054 |
| Deferred Taxes & Provisions | 19,187 | 8,184 | 2,556 | 26,340 | 0 |
| Cash flow from operations | 4,638,829 | 3,817,799 | 4,491,730 | 2,691,932 | 2,682,504 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | -3,279,506 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -3,279,506 |
| Financing Activities | |||||
| Bank loans | 0 | -900,000 | 0 | 50,000 | 850,000 |
| Group/Directors Accounts | 1 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -1,276,888 | 1,276,888 | 0 | 0 | 0 |
| Long term loans | -900,000 | -1,200,000 | -900,000 | -1,443,254 | 4,443,254 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -53,894 | -103,504 | -133,671 | -180,975 | -237,681 |
| cash flow from financing | -2,230,781 | -1,014,721 | -2,752,711 | -1,574,229 | 5,860,779 |
| cash and cash equivalents | |||||
| cash | 1,400,150 | -80,864 | 1,438,731 | 164,674 | 2,277,771 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,400,150 | -80,864 | 1,438,731 | 164,674 | 2,277,771 |
aa projects (2018) limited Credit Report and Business Information
Aa Projects (2018) Limited Competitor Analysis
Perform a competitor analysis for aa projects (2018) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in M33 area or any other competitors across 12 key performance metrics.
aa projects (2018) limited Ownership
AA PROJECTS (2018) LIMITED group structure
Aa Projects (2018) Limited has 1 subsidiary company.
Ultimate parent company
DREES & SOMMER SE
#0111459
2 parents
AA PROJECTS (2018) LIMITED
11147105
1 subsidiary
aa projects (2018) limited directors
Aa Projects (2018) Limited currently has 4 directors. The longest serving directors include Mr Neil Grindrod (Jan 2018) and Mr Neil Fyles (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Grindrod | United Kingdom | 52 years | Jan 2018 | - | Director |
| Mr Neil Fyles | 50 years | Mar 2018 | - | Director | |
| Mr Christopher Thorpe | England | 47 years | Mar 2018 | - | Director |
| Mr Mark Simpson | 48 years | Mar 2018 | - | Director |
P&L
March 2023turnover
24.5m
+18%
operating profit
5.3m
+42%
gross margin
47.7%
+8.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
5.7m
+1.65%
total assets
11.9m
+0.14%
cash
5.2m
+0.37%
net assets
Total assets minus all liabilities
aa projects (2018) limited company details
company number
11147105
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
UHY HACKER YOUNG MANCHESTER LLP
address
jackson house sibson road, sale, M33 7RR
Bank
HSBC BANK PLC
Legal Advisor
-
aa projects (2018) 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 found 2 charges/mortgages relating to aa projects (2018) limited. Currently there are 0 open charges and 2 have been satisfied in the past.
aa projects (2018) limited Companies House Filings - See Documents
| date | description | view/download |
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