minsheng commercial aviation (ireland) company limited
Group Structure
View All
Industry
Renting and leasing of passenger air transport equipment
Registered Address
third floor, block e, iveagh court harcourt road, dublin 2dublinireland
Website
-
bluesky 6 leasing company limitedEstimated Valuation
€23.5m
Pomanda estimates the enterprise value of BLUESKY 6 LEASING COMPANY LIMITED at €23.5m based on a Turnover of €9.7m and 2.42x industry multiple (adjusted for size and gross margin).
bluesky 6 leasing company limitedEstimated Valuation
€111.1m
Pomanda estimates the enterprise value of BLUESKY 6 LEASING COMPANY LIMITED at €111.1m based on an EBITDA of €21.3m and a 5.2x industry multiple (adjusted for size and gross margin).
bluesky 6 leasing company limitedEstimated Valuation
€61.8m
Pomanda estimates the enterprise value of BLUESKY 6 LEASING COMPANY LIMITED at €61.8m based on Net Assets of €28.7m and 2.15x industry multiple (adjusted for liquidity).
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Bluesky 6 Leasing Company LimitedOverview
Bluesky 6 Leasing Company Limited is a live company located in iveagh court harcourt road. It operates in the renting and leasing of air passenger transport equipment sector, SIC Code 77351. Founded in January 2014, it's largest shareholder is
minsheng commercial aviation (ireland) company limited
with a 100% stake. Bluesky 6 Leasing Company Limited is a established,
mid sized company, Pomanda has estimated its turnover at
€9.7m with
declining
growth in recent years.
Pomanda's financial health check has awarded Bluesky 6 Leasing Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
0 Weak
Size
annual sales of €9.7m, make it larger than the average company (€4m)
€9.7m - Bluesky 6 Leasing Company Limited
€4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a faster rate (-3.1%)
-1% - Bluesky 6 Leasing Company Limited
-3.1% - Industry AVG
Production
with a gross margin of 66.9%, this company has a comparable cost of product (66.9%)
66.9% - Bluesky 6 Leasing Company Limited
66.9% - Industry AVG
Profitability
an operating margin of 193.1% make it more profitable than the average company (42.5%)
193.1% - Bluesky 6 Leasing Company Limited
42.5% - Industry AVG
Employees
with 13 employees, this is above the industry average (3)
13 - Bluesky 6 Leasing Company Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Bluesky 6 Leasing Company Limited
- - Industry AVG
Efficiency
resulting in sales per employee of €749.6k, this is equally as efficient (€803.1k)
€749.6k - Bluesky 6 Leasing Company Limited
€803.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Bluesky 6 Leasing Company Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Bluesky 6 Leasing Company Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bluesky 6 Leasing Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 4 weeks, this is more cash available to meet short term requirements (2 weeks)
4 weeks - Bluesky 6 Leasing Company Limited
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.7%, this is a lower level of debt than the average (99.3%)
44.7% - Bluesky 6 Leasing Company Limited
99.3% - Industry AVG
BLUESKY 6 LEASING COMPANY LIMITED financials
EXPORT
Bluesky 6 Leasing Company Limited's latest turnover from December 2023 is €9.7 million and the company has net assets of €28.7 million. According to their latest financial statements, we estimate that Bluesky 6 Leasing Company Limited has 13 employees and maintains cash reserves of €353 thousand 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
9,745,213
9,438,966
9,970,596
9,970,596
8,451,872
8,711,081
8,794,754
8,601,049
Other Income Or Grants
Cost Of Sales
3,228,845
3,032,090
3,471,189
3,511,483
2,945,007
3,319,890
3,436,202
3,697,432
Gross Profit
6,516,368
6,406,876
6,499,407
6,459,113
5,506,865
5,391,191
5,358,553
4,903,618
Admin Expenses
-12,303,427
95,669
4,164,485
6,393,237
272,580
-241,471
-328,408
-384,817
Operating Profit
18,819,795
6,311,207
2,334,922
65,876
5,234,285
5,632,662
5,686,961
5,288,435
Interest Payable
1,266,113
1,495,320
1,965,416
2,544,897
2,548,018
2,947,065
3,279,566
3,440,534
Interest Receivable
Pre-Tax Profit
17,553,682
4,815,887
369,506
-2,479,021
2,686,266
2,685,597
2,407,395
1,847,900
Tax
-2,194,211
-601,986
-46,188
309,878
-803,468
-335,699
-300,925
-324,081
Profit After Tax
15,359,472
4,213,900
323,318
-2,169,143
1,882,799
2,349,898
2,106,470
1,523,818
Dividends Paid
Retained Profit
15,359,472
4,213,900
323,318
-2,169,143
1,882,799
2,349,898
2,106,470
1,523,818
Employee Costs
Number Of Employees
13
12
9
9
7
7
8
8
EBITDA*
21,347,136
8,995,337
5,500,911
3,640,730
8,264,182
8,815,221
8,900,090
8,557,833
* 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
49,550,937
45,087,195
50,461,943
57,930,188
57,300,019
66,369,171
66,610,944
Intangible Assets
63,369,669
822,314
950,556
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
49,550,936
45,087,195
50,461,942
57,930,187
57,300,018
63,369,668
67,191,484
67,561,500
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
94
94
200,527
214,963
194,458
217,110
3,113,295
2,726,806
Cash
353,030
2,102,316
4,564,697
4,312,506
3,427,355
1,183,160
232,174
235,381
misc current assets
2,009,636
total current assets
2,362,761
2,102,411
4,765,225
4,527,470
3,621,814
1,400,272
3,345,470
2,962,188
total assets
51,913,697
47,189,606
55,227,167
62,457,657
60,921,832
64,769,940
70,536,954
70,523,688
Bank overdraft
1
Bank loan
3,324,248
25,241,508
Trade Creditors
Group/Directors Accounts
702,850
562,693
16,575,031
16,215,759
3,146,517
13,484,933
10,780,596
1,869,820
other short term finances
10,168,664
10,345,247
hp & lease commitments
9,222,193
8,849,626
7,216,771
6,366,180
7,090,029
6,549,027
other current liabilities
537,445
5,401,498
619,962
512,269
264,939
546,476
2,450,969
30,431
total current liabilities
4,564,543
31,205,700
26,417,186
25,577,655
20,796,892
20,397,589
20,321,595
18,794,527
loans
34,025,892
50,904,950
56,673,280
69,623,412
86,548,548
94,757,104
hp & lease commitments
17,012,946
25,452,475
28,336,640
34,811,706
43,274,274
47,378,552
Accruals and Deferred Income
other liabilities
13,811,565
provisions
9,633,310
5,244,888
4,268,512
4,176,136
4,065,380
2,582,314
1,929,270
1,273,816
total long term liabilities
18,628,220
2,622,444
19,147,203
27,540,543
30,369,330
36,102,864
44,238,910
48,015,461
total liabilities
23,192,763
33,828,144
45,564,389
53,118,198
51,166,222
56,500,453
64,560,505
66,809,988
net assets
28,720,934
13,361,462
9,662,778
9,339,460
9,755,610
8,269,486
5,976,448
3,713,700
total shareholders funds
28,720,933
13,361,462
9,662,778
9,339,460
9,755,610
8,269,487
5,976,449
3,713,700
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Operating Activities
Operating Profit
18,819,795
6,311,207
2,334,922
65,876
5,234,285
5,632,662
5,686,961
5,288,435
Depreciation
2,527,342
2,527,342
3,165,989
3,574,853
3,029,898
3,015,918
3,044,887
2,808,938
Amortisation
156,788
166,641
168,242
460,460
Tax
-2,194,211
-601,986
-46,188
309,878
-803,468
-335,699
-300,925
-324,081
Stock
Debtors
-200,433
-14,436
20,505
-22,652
-2,896,185
386,489
2,726,806
Creditors
Accruals and Deferred Income
-4,864,053
4,781,536
107,693
247,330
-281,537
-1,904,493
2,420,538
30,431
Deferred Taxes & Provisions
4,388,422
976,376
92,376
110,756
1,483,066
653,044
655,454
1,273,816
Cash flow from operations
18,677,295
14,351,696
5,669,228
4,288,188
8,684,896
10,124,258
11,288,668
6,811,193
Investing Activities
capital expenditure
-6,991,084
2,690,618
4,302,256
-4,205,022
3,039,752
639,257
-2,843,113
-70,830,899
Change in Investments
cash flow from investments
-6,991,084
2,690,618
4,302,256
-4,205,022
3,039,752
639,257
-2,843,113
-70,830,899
Financing Activities
Bank loans
-21,917,260
25,241,508
Group/Directors Accounts
140,157
-16,012,338
359,273
13,069,242
-10,338,416
2,704,337
8,910,775
1,869,820
Other Short Term Loans
-10,168,664
10,168,664
-10,345,247
10,345,247
Long term loans
-34,025,892
-16,879,058
-5,768,330
-12,950,132
-16,925,136
-8,208,556
94,757,104
Hire Purchase and Lease Commitments
-26,235,139
-8,066,962
-1,251,310
-5,624,475
-9,186,417
-3,563,276
53,927,579
other long term liabilities
13,811,565
share issue
-515,216
1,752,993
-396,676
-56,860
156,279
2,189,882
interest
-1,266,113
-1,495,320
-1,965,416
-2,544,897
-2,548,018
-2,947,065
-3,279,566
-3,440,534
cash flow from financing
-9,231,651
-53,042,397
-26,552,163
-4,910,966
-21,689,053
-26,411,141
-16,329,591
159,649,098
cash and cash equivalents
cash
-1,749,286
-2,462,381
252,191
885,151
2,244,195
950,986
-3,207
235,381
overdraft
-1
1
change in cash
-1,749,285
-2,462,382
252,191
885,151
2,244,195
950,986
-3,207
235,381
bluesky 6 leasing company 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 bluesky 6 leasing company limited. Get real-time insights into bluesky 6 leasing company limited's credit score, group structure and payment trends.
Bluesky 6 Leasing Company Limited Competitor Analysis
Perform a competitor analysis for bluesky 6 leasing company 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.
bluesky 6 leasing company limited Ownership
BLUESKY 6 LEASING COMPANY LIMITED group structure
Bluesky 6 Leasing Company Limited has no subsidiary companies.
The sole shareholder of Bluesky 6 Leasing Company Limited is Minsheng Commercial Aviation (Ireland) Company Limited.
minsheng commercial aviation (ireland) company limited
100%
bluesky 6 leasing company limited directors
Bluesky 6 Leasing Company Limited currently has 7 directors.
The longest serving directors include
FERGAL BRIAN MOLONY (Jan 2014) and
MEL KIERNAN (Feb 2019).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
28.7m
+1.15%
total assets
51.9m
+0.1%
cash
353k
-0.83%
net assets
Total assets minus all liabilities
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bluesky 6 leasing company limited company details
company number
IE537549
Type
LTD - PRIVATE COMPANY LIMITED BY SHARES
industry
77351 - Renting and leasing of passenger air transport equipment
incorporation date
January 2014
age
11
incorporated
IE
ultimate parent company
MINSHENG AVIATION AND SHIPPING LEASING
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON
address
third floor, block e, iveagh court harcourt road, dublin 2dublinireland
Bank
BANK OF IRELAND
Legal Advisor
A&L GOODBODY
bluesky 6 leasing company 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 bluesky 6 leasing company limited. Currently there are 0 open charges and 2 have been satisfied in the past.
bluesky 6 leasing company 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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bluesky 6 leasing company limitedCompanies House Filings - See Documents
