think air ltd
think air ltd Company Information
Company Number
11765372
Next Accounts
532 days late
Shareholders
robin cammish
ryan griffiths
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
+2Registered Address
parc y scarlets, parc pemberton retail park, llanelli, SA14 9UZ
Website
https://www.thinkair.co.ukthink air ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK AIR LTD at £46.4k based on a Turnover of £54.3k and 0.86x industry multiple (adjusted for size and gross margin).
think air ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK AIR LTD at £0 based on an EBITDA of £-145.7k and a 5.04x industry multiple (adjusted for size and gross margin).
think air ltd Estimated Valuation
Pomanda estimates the enterprise value of THINK AIR LTD at £0 based on Net Assets of £-150.3k and 2.16x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Think Air Ltd Overview
Think Air Ltd is a live company located in llanelli, SA14 9UZ with a Companies House number of 11765372. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2019, it's largest shareholder is robin cammish with a 20% stake. Think Air Ltd is a young, micro sized company, Pomanda has estimated its turnover at £54.3k with unknown growth in recent years.
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Think Air Ltd Health Check
Pomanda's financial health check has awarded Think Air Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £54.3k, make it smaller than the average company (£3.6m)
- Think Air Ltd
£3.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Think Air Ltd
- - Industry AVG
Production
with a gross margin of 49%, this company has a comparable cost of product (49%)
- Think Air Ltd
49% - Industry AVG
Profitability
an operating margin of -269% make it less profitable than the average company (5.6%)
- Think Air Ltd
5.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (28)
1 - Think Air Ltd
28 - Industry AVG
Pay Structure
on an average salary of £59.6k, the company has an equivalent pay structure (£59.6k)
- Think Air Ltd
£59.6k - Industry AVG
Efficiency
resulting in sales per employee of £54.3k, this is less efficient (£130.2k)
- Think Air Ltd
£130.2k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (57 days)
- Think Air Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 154 days, this is slower than average (36 days)
- Think Air Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Think Air Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (27 weeks)
12 weeks - Think Air Ltd
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2503.2%, this is a higher level of debt than the average (56.3%)
2503.2% - Think Air Ltd
56.3% - Industry AVG
THINK AIR LTD financials
Think Air Ltd's latest turnover from January 2022 is estimated at £54.3 thousand and the company has net assets of -£150.3 thousand. According to their latest financial statements, Think Air Ltd has 1 employee and maintains cash reserves of £3.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|
| 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 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|
| Tangible Assets | 493 | ||
| Intangible Assets | |||
| Investments & Other | 100 | 100 | |
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 493 | 100 | 100 |
| Stock & work in progress | |||
| Trade Debtors | 180 | ||
| Group Debtors | |||
| Misc Debtors | 2,378 | ||
| Cash | 3,205 | ||
| misc current assets | |||
| total current assets | 5,763 | ||
| total assets | 6,256 | 100 | 100 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 11,696 | ||
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 1,128 | ||
| total current liabilities | 12,824 | ||
| loans | 143,779 | ||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 143,779 | ||
| total liabilities | 156,603 | ||
| net assets | -150,347 | 100 | 100 |
| total shareholders funds | -150,347 | 100 | 100 |
| Jan 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 248 | ||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 2,558 | ||
| Creditors | 11,696 | ||
| Accruals and Deferred Income | 1,128 | ||
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -100 | 100 | |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | 143,779 | ||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 3,205 | ||
| overdraft | |||
| change in cash | 3,205 |
think air ltd Credit Report and Business Information
Think Air Ltd Competitor Analysis
Perform a competitor analysis for think air ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SA14 area or any other competitors across 12 key performance metrics.
think air ltd Ownership
THINK AIR LTD group structure
Think Air Ltd has no subsidiary companies.
Ultimate parent company
THINK AIR LTD
11765372
think air ltd directors
Think Air Ltd currently has 3 directors. The longest serving directors include Mr Jonathan Polson (Jan 2019) and Mr Ryan Griffiths (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Polson | United Kingdom | 50 years | Jan 2019 | - | Director |
| Mr Ryan Griffiths | Wales | 45 years | Apr 2021 | - | Director |
| Mr Robin Cammish | Wales | 70 years | Apr 2021 | - | Director |
P&L
January 2022turnover
54.3k
0%
operating profit
-146k
0%
gross margin
49%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2022net assets
-150.3k
-1504.47%
total assets
6.3k
+61.56%
cash
3.2k
0%
net assets
Total assets minus all liabilities
Similar Companies
think air ltd company details
company number
11765372
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62090 - Other information technology and computer service activities
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
January 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2022
previous names
N/A
accountant
BELLAMY MORGAN & WESTWOOD
auditor
-
address
parc y scarlets, parc pemberton retail park, llanelli, SA14 9UZ
Bank
-
Legal Advisor
-
think air 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 think air ltd.
think air ltd 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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think air ltd Companies House Filings - See Documents
| date | description | view/download |
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