Renting and leasing of passenger air transport equipment
Registered Address
aviation house, shannon clare ireland
Website
-
skyfunding ii limitedEstimated Valuation
€41.4m
Pomanda estimates the enterprise value of SKYFUNDING II LIMITED at €41.4m based on a Turnover of €18.7m and 2.22x industry multiple (adjusted for size and gross margin).
skyfunding ii limitedEstimated Valuation
€87.8m
Pomanda estimates the enterprise value of SKYFUNDING II LIMITED at €87.8m based on an EBITDA of €17.6m and a 5x industry multiple (adjusted for size and gross margin).
skyfunding ii limitedEstimated Valuation
€57.6m
Pomanda estimates the enterprise value of SKYFUNDING II LIMITED at €57.6m based on Net Assets of €27.2m and 2.12x industry multiple (adjusted for liquidity).
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Skyfunding Ii LimitedOverview
Skyfunding Ii Limited is a live company. It operates in the renting and leasing of air passenger transport equipment sector, SIC Code 77351. Founded in September 2012, it's largest shareholder is
culann aircraft leasing limited
with a 100% stake. Skyfunding Ii Limited is a established,
mid sized company, Pomanda has estimated its turnover at
€18.7m with
declining
growth in recent years.
Pomanda's financial health check has awarded Skyfunding Ii Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
2 Regular
1 Weak
Size
annual sales of €18.7m, make it larger than the average company (€4m)
€18.7m - Skyfunding Ii Limited
€4m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (-3.1%)
-4% - Skyfunding Ii Limited
-3.1% - Industry AVG
Production
with a gross margin of 66.1%, this company has a comparable cost of product (67%)
66.1% - Skyfunding Ii Limited
67% - Industry AVG
Profitability
an operating margin of 60.2% make it more profitable than the average company (42.7%)
60.2% - Skyfunding Ii Limited
42.7% - Industry AVG
Employees
with 24 employees, this is above the industry average (3)
24 - Skyfunding Ii Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Skyfunding Ii Limited
- - Industry AVG
Efficiency
resulting in sales per employee of €777.3k, this is equally as efficient (€808.3k)
€777.3k - Skyfunding Ii Limited
€808.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Skyfunding Ii Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Skyfunding Ii Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Skyfunding Ii Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Skyfunding Ii Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.5%, this is a lower level of debt than the average (99.4%)
77.5% - Skyfunding Ii Limited
99.4% - Industry AVG
SKYFUNDING II LIMITED financials
EXPORT
Skyfunding Ii Limited's latest turnover from December 2023 is €18.7 million and the company has net assets of €27.2 million. According to their latest financial statements, we estimate that Skyfunding Ii Limited has 24 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Turnover
18,655,662
18,664,659
19,394,117
21,201,316
17,724,241
19,607,104
33,637,975
32,168,354
Other Income Or Grants
Cost Of Sales
6,327,110
6,328,009
6,571,221
7,183,546
6,005,424
6,625,932
11,432,620
10,937,958
Gross Profit
12,328,553
12,336,649
12,822,897
14,017,770
11,718,817
12,981,172
22,205,354
21,230,396
Admin Expenses
1,103,848
1,792,066
1,767,774
1,790,524
1,543,837
1,752,638
2,885,650
3,077,314
Operating Profit
11,224,705
10,544,583
11,055,123
12,227,246
10,174,980
11,228,534
19,319,704
18,153,082
Interest Payable
5,939,368
3,594,029
6,529,175
9,276,406
9,543,953
23,991,269
33,070,040
24,041,306
Interest Receivable
35,985
3,737
4,085
206,641
287,823
45,975
2,561
Pre-Tax Profit
5,285,336
6,986,540
4,529,685
2,954,926
837,668
-12,474,912
-13,704,360
-5,885,663
Tax
-660,330
-873,542
-761,488
153,334
-161,366
Profit After Tax
4,625,007
6,112,997
3,768,197
2,954,926
837,668
-12,321,577
-13,865,726
-5,885,663
Dividends Paid
Retained Profit
4,625,007
6,112,997
3,768,197
2,954,926
837,668
-12,321,577
-13,865,726
-5,885,663
Employee Costs
Number Of Employees
24
23
17
18
15
16
29
28
EBITDA*
17,551,814
16,872,592
17,626,344
19,410,792
16,180,404
17,854,466
30,752,324
29,091,039
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Tangible Assets
120,843,026
127,170,136
138,648,737
158,751,964
138,721,620
145,188,854
226,204,878
285,428,608
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
120,843,027
127,170,137
138,648,737
158,751,965
138,721,621
145,188,854
226,204,878
285,428,608
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
4,671
1,021
Cash
6,363,825
misc current assets
52,941
711,849
527,368
901,677
total current assets
4,672
1,021
52,941
711,849
527,368
7,265,502
total assets
120,843,027
127,170,137
138,653,409
158,752,986
138,774,562
145,900,703
226,732,247
292,694,110
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
90,126,002
101,756,441
119,524,645
209,838,587
183,952,291
192,062,931
261,808,088
136,966,113
other short term finances
20,067,437
hp & lease commitments
other current liabilities
1,225,298
1,207,305
1,244,542
1,360,512
1,137,384
1,141,013
1,576,695
2,690,515
total current liabilities
91,351,301
102,963,747
120,769,187
211,199,100
185,089,676
193,203,944
263,384,784
159,724,066
loans
154,705,926
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
2,267,071
1,606,742
761,487
161,365
total long term liabilities
2,267,072
1,606,742
761,488
161,366
154,705,926
total liabilities
93,618,373
104,570,489
121,530,675
211,199,100
185,089,676
193,203,944
263,546,150
314,429,992
net assets
27,224,654
22,599,648
17,122,734
-52,446,113
-46,315,114
-47,303,242
-36,813,903
-21,735,882
total shareholders funds
27,224,654
22,599,648
17,122,734
-52,446,113
-46,315,114
-47,303,242
-36,813,903
-21,735,882
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
11,224,705
10,544,583
11,055,123
12,227,246
10,174,980
11,228,534
19,319,704
18,153,082
Depreciation
6,327,110
6,328,009
6,571,221
7,183,546
6,005,424
6,625,932
11,432,620
10,937,958
Amortisation
Tax
-660,330
-873,542
-761,488
153,334
-161,366
Stock
Debtors
-4,671
3,650
1,021
Creditors
Accruals and Deferred Income
17,993
-37,237
-115,970
223,128
-3,629
-435,682
-1,113,820
2,690,515
Deferred Taxes & Provisions
660,329
845,255
761,487
-161,365
161,365
Cash flow from operations
17,569,807
16,811,739
17,506,723
19,632,899
16,176,775
17,410,753
29,638,503
31,781,555
Investing Activities
capital expenditure
5,150,592
13,532,006
-27,213,890
461,810
74,390,092
47,791,110
-296,366,566
Change in Investments
cash flow from investments
5,150,592
13,532,006
-27,213,890
461,810
74,390,092
47,791,110
-296,366,566
Financing Activities
Bank loans
Group/Directors Accounts
-11,630,438
-17,768,204
-90,313,943
25,886,296
-8,110,639
-69,745,158
124,841,976
136,966,113
Other Short Term Loans
-20,067,437
20,067,437
Long term loans
-154,705,926
154,705,926
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-636,083
65,800,650
-9,085,926
150,460
1,832,239
-1,212,295
-15,850,219
interest
-5,939,368
-3,558,044
-6,525,438
-9,272,321
-9,337,312
-23,703,446
-33,024,065
-24,038,745
cash flow from financing
-17,569,806
-21,962,331
-31,038,731
7,528,049
-17,297,491
-91,616,365
-84,167,747
271,850,512
cash and cash equivalents
cash
-6,363,825
6,363,825
overdraft
change in cash
-6,363,825
6,363,825
skyfunding ii 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 skyfunding ii limited. Get real-time insights into skyfunding ii limited's credit score, group structure and payment trends.
Perform a competitor analysis for skyfunding ii limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in Region Area area or any other competitors across 12 key performance metrics.
skyfunding ii limited Ownership
SKYFUNDING II LIMITED group structure
Skyfunding Ii Limited has no subsidiary companies.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
27.2m
+0.2%
total assets
120.8m
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
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skyfunding ii limited company details
company number
IE517478
Type
LTD - PRIVATE COMPANY LIMITED BY SHARES
industry
77351 - Renting and leasing of passenger air transport equipment
incorporation date
September 2012
age
13
incorporated
IE
ultimate parent company
AERCAP HOLDINGS NV
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG
address
aviation house, shannon clare ireland
Bank
-
Legal Advisor
MCCANN FITZGERALD
skyfunding ii 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 20 charges/mortgages relating to skyfunding ii limited. Currently there are 0 open charges and 20 have been satisfied in the past.
skyfunding ii 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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skyfunding ii limitedCompanies House Filings - See Documents
