overwatch aerospace ltd
overwatch aerospace ltd Company Information
Company Number
12449472
Next Accounts
130 days late
Shareholders
overwerx ltd
Group Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
+2Registered Address
c/o xl associates hazara house, 502 - 504 dudley road, wolverhampton, WV2 3AA
Website
-overwatch aerospace ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWATCH AEROSPACE LTD at £2.4m based on a Turnover of £3m and 0.81x industry multiple (adjusted for size and gross margin).
overwatch aerospace ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWATCH AEROSPACE LTD at £57.8m based on an EBITDA of £11.5m and a 5.01x industry multiple (adjusted for size and gross margin).
overwatch aerospace ltd Estimated Valuation
Pomanda estimates the enterprise value of OVERWATCH AEROSPACE LTD at £19.6m based on Net Assets of £8.2m and 2.38x industry multiple (adjusted for liquidity).
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Overwatch Aerospace Ltd Overview
Overwatch Aerospace Ltd is a live company located in wolverhampton, WV2 3AA with a Companies House number of 12449472. It operates in the manufacture of air and spacecraft and related machinery sector, SIC Code 30300. Founded in February 2020, it's largest shareholder is overwerx ltd with a 100% stake. Overwatch Aerospace Ltd is a young, small sized company, Pomanda has estimated its turnover at £3m with unknown growth in recent years.
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Overwatch Aerospace Ltd Health Check
Pomanda's financial health check has awarded Overwatch Aerospace Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £3m, make it smaller than the average company (£4.3m)
- Overwatch Aerospace Ltd
£4.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Overwatch Aerospace Ltd
- - Industry AVG
Production
with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)
- Overwatch Aerospace Ltd
39.4% - Industry AVG
Profitability
an operating margin of 389.9% make it more profitable than the average company (6.7%)
- Overwatch Aerospace Ltd
6.7% - Industry AVG
Employees
with 8 employees, this is below the industry average (55)
8 - Overwatch Aerospace Ltd
55 - Industry AVG
Pay Structure
on an average salary of £55.1k, the company has an equivalent pay structure (£55.1k)
- Overwatch Aerospace Ltd
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £368.9k, this is more efficient (£136.7k)
- Overwatch Aerospace Ltd
£136.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Overwatch Aerospace Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (39 days)
- Overwatch Aerospace Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 339 days, this is more than average (92 days)
- Overwatch Aerospace Ltd
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 109 weeks, this is more cash available to meet short term requirements (21 weeks)
109 weeks - Overwatch Aerospace Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.8%, this is a lower level of debt than the average (65.4%)
32.8% - Overwatch Aerospace Ltd
65.4% - Industry AVG
OVERWATCH AEROSPACE LTD financials
Overwatch Aerospace Ltd's latest turnover from February 2023 is estimated at £3 million and the company has net assets of £8.2 million. According to their latest financial statements, Overwatch Aerospace Ltd has 8 employees and maintains cash reserves of £8.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| 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 | 8 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Tangible Assets | 105,633 | 8,283 | 13,034 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 105,633 | 8,283 | 13,034 |
| Stock & work in progress | 1,663,778 | ||
| Trade Debtors | |||
| Group Debtors | |||
| Misc Debtors | 2,089,725 | 146,119 | |
| Cash | 8,395,681 | 152,786 | 26,471 |
| misc current assets | |||
| total current assets | 12,149,184 | 152,786 | 172,590 |
| total assets | 12,254,817 | 161,069 | 185,624 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 778,445 | 198,526 | 60,714 |
| Group/Directors Accounts | 797,555 | 1,021,826 | 662,500 |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 2,425,989 | 165,040 | 19,688 |
| total current liabilities | 4,001,989 | 1,385,392 | 742,902 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 20,070 | ||
| total long term liabilities | 20,070 | ||
| total liabilities | 4,022,059 | 1,385,392 | 742,902 |
| net assets | 8,232,758 | -1,224,323 | -557,278 |
| total shareholders funds | 8,232,758 | -1,224,323 | -557,278 |
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 43,497 | 4,751 | 1,219 |
| Amortisation | |||
| Tax | |||
| Stock | 1,663,778 | ||
| Debtors | 2,089,725 | -146,119 | 146,119 |
| Creditors | 579,919 | 137,812 | 60,714 |
| Accruals and Deferred Income | 2,260,949 | 145,352 | 19,688 |
| Deferred Taxes & Provisions | 20,070 | ||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | -224,271 | 359,326 | 662,500 |
| 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 | 8,242,895 | 126,315 | 26,471 |
| overdraft | |||
| change in cash | 8,242,895 | 126,315 | 26,471 |
overwatch aerospace ltd Credit Report and Business Information
Overwatch Aerospace Ltd Competitor Analysis
Perform a competitor analysis for overwatch aerospace ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WV2 area or any other competitors across 12 key performance metrics.
overwatch aerospace ltd Ownership
OVERWATCH AEROSPACE LTD group structure
Overwatch Aerospace Ltd has no subsidiary companies.
overwatch aerospace ltd directors
Overwatch Aerospace Ltd currently has 2 directors. The longest serving directors include Mr Andrew Michael (Feb 2020) and Mr Richard Smith (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Michael | England | 41 years | Feb 2020 | - | Director |
| Mr Richard Smith | England | 64 years | Oct 2022 | - | Director |
P&L
February 2023turnover
3m
+318%
operating profit
11.5m
0%
gross margin
39.4%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
8.2m
-7.72%
total assets
12.3m
+75.08%
cash
8.4m
+53.95%
net assets
Total assets minus all liabilities
Similar Companies
overwatch aerospace ltd company details
company number
12449472
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
72190 - Other research and experimental development on natural sciences and engineering
30300 - Manufacture of air and spacecraft and related machinery
incorporation date
February 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
February 2023
previous names
N/A
accountant
GARRATTS WOLVERHAMPTON LIMITED
auditor
-
address
c/o xl associates hazara house, 502 - 504 dudley road, wolverhampton, WV2 3AA
Bank
-
Legal Advisor
-
overwatch aerospace 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 overwatch aerospace ltd.
overwatch aerospace 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.
Click to start generating capital raising & share issue transactions for OVERWATCH AEROSPACE LTD. This can take several minutes, an email will notify you when this has completed.
overwatch aerospace ltd Companies House Filings - See Documents
| date | description | view/download |
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