skyfarer ltd
skyfarer ltd Company Information
Company Number
12071596
Website
https://www.skyfarer.co.ukRegistered Address
home farm pailton road, harborough magna, rugby, CV23 0HG
Industry
Service activities incidental to air transportation
Cargo handling for air transport activities of division 51
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
elliot parnham 56.1%
r. reisdorf 20.1%
View Allskyfarer ltd Estimated Valuation
Pomanda estimates the enterprise value of SKYFARER LTD at £491.8k based on a Turnover of £792.3k and 0.62x industry multiple (adjusted for size and gross margin).
skyfarer ltd Estimated Valuation
Pomanda estimates the enterprise value of SKYFARER LTD at £0 based on an EBITDA of £-268k and a 3.31x industry multiple (adjusted for size and gross margin).
skyfarer ltd Estimated Valuation
Pomanda estimates the enterprise value of SKYFARER LTD at £215.9k based on Net Assets of £78.3k and 2.76x industry multiple (adjusted for liquidity).
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Skyfarer Ltd Overview
Skyfarer Ltd is a live company located in rugby, CV23 0HG with a Companies House number of 12071596. It operates in the freight air transport sector, SIC Code 51210. Founded in June 2019, it's largest shareholder is elliot parnham with a 56.1% stake. Skyfarer Ltd is a young, small sized company, Pomanda has estimated its turnover at £792.3k with rapid growth in recent years.
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Skyfarer Ltd Health Check
Pomanda's financial health check has awarded Skyfarer Ltd a 4 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £792.3k, make it smaller than the average company (£24.4m)
- Skyfarer Ltd
£24.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 474%, show it is growing at a faster rate (6.8%)
- Skyfarer Ltd
6.8% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (22.1%)
- Skyfarer Ltd
22.1% - Industry AVG
Profitability
an operating margin of -35.8% make it less profitable than the average company (5.1%)
- Skyfarer Ltd
5.1% - Industry AVG
Employees
with 12 employees, this is below the industry average (70)
12 - Skyfarer Ltd
70 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Skyfarer Ltd
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £66k, this is less efficient (£277k)
- Skyfarer Ltd
£277k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (44 days)
- Skyfarer Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (28 days)
- Skyfarer Ltd
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Skyfarer Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 189 weeks, this is more cash available to meet short term requirements (17 weeks)
189 weeks - Skyfarer Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.5%, this is a lower level of debt than the average (73.9%)
63.5% - Skyfarer Ltd
73.9% - Industry AVG
skyfarer ltd Credit Report and Business Information
Skyfarer Ltd Competitor Analysis
Perform a competitor analysis for skyfarer ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
skyfarer ltd Ownership
SKYFARER LTD group structure
Skyfarer Ltd has no subsidiary companies.
Ultimate parent company
SKYFARER LTD
12071596
skyfarer ltd directors
Skyfarer Ltd currently has 3 directors. The longest serving directors include Mr Elliot Parnham (Jun 2019) and Ms Elizabeth Gooch (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Elliot Parnham | England | 28 years | Jun 2019 | - | Director |
| Ms Elizabeth Gooch | 63 years | Jul 2023 | - | Director | |
| Mr Allan Andrews | England | 41 years | Jul 2023 | - | Director |
SKYFARER LTD financials
Skyfarer Ltd's latest turnover from June 2023 is estimated at £792.3 thousand and the company has net assets of £78.3 thousand. According to their latest financial statements, Skyfarer Ltd has 12 employees and maintains cash reserves of £154.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 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 | 12 | 7 | 7 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Tangible Assets | 12,171 | 14,397 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,171 | 14,397 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,248 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 41,937 | 25,518 | 57,402 | 1,335 |
| Cash | 154,309 | 116,950 | 68,565 | 1,007 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 202,494 | 142,468 | 125,967 | 2,342 |
| total assets | 214,665 | 156,865 | 125,967 | 2,342 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 14,380 | 0 | 0 | 0 |
| Trade Creditors | 9,446 | 5,274 | 0 | 540 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 18,493 | 266 | 15,044 | 1,702 |
| total current liabilities | 42,319 | 5,540 | 15,044 | 2,242 |
| loans | 94,018 | 120,000 | 120,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 94,018 | 120,000 | 120,000 | 0 |
| total liabilities | 136,337 | 125,540 | 135,044 | 2,242 |
| net assets | 78,328 | 31,325 | -9,077 | 100 |
| total shareholders funds | 78,328 | 31,325 | -9,077 | 100 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 15,726 | 9,315 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 22,667 | -31,884 | 56,067 | 1,335 |
| Creditors | 4,172 | 5,274 | -540 | 540 |
| Accruals and Deferred Income | 18,227 | -14,778 | 13,342 | 1,702 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 14,380 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -25,982 | 0 | 120,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 37,359 | 48,385 | 67,558 | 1,007 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 37,359 | 48,385 | 67,558 | 1,007 |
P&L
June 2023turnover
792.3k
+4%
operating profit
-283.7k
0%
gross margin
22.1%
+8.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
78.3k
+1.5%
total assets
214.7k
+0.37%
cash
154.3k
+0.32%
net assets
Total assets minus all liabilities
Similar Companies
skyfarer ltd company details
company number
12071596
Type
Private limited with Share Capital
industry
52230 - Service activities incidental to air transportation
52242 - Cargo handling for air transport activities of division 51
51210 - Freight air transport
incorporation date
June 2019
age
5
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
home farm pailton road, harborough magna, rugby, CV23 0HG
last accounts submitted
June 2023
skyfarer 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 found 1 charges/mortgages relating to skyfarer ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
skyfarer ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
