Ab Refrigeration & Air Conditioning Ltd

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ab refrigeration & air conditioning ltd Company Information

Live

MatureSmallHigh

Company Number

NI046005

Next Accounts

May 2025

Industry

Wholesale of other machinery and equipment

Directors

Sharon Brownlee

Leslie Brownlee

Shareholders

sharon brownlee

leslie brownlee

Group Structure

View All

Contact

Registered Address

12 mahon industrial estate, portadown, craigavon, BT62 3EH

Website

http://aandbrefrigeration.co.uk

ab refrigeration & air conditioning ltd Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of AB REFRIGERATION & AIR CONDITIONING LTD at £1.9m based on Net Assets of £756.6k and 2.5x industry multiple (adjusted for liquidity).

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Ab Refrigeration & Air Conditioning Ltd is a live company located in craigavon, BT62 3EH with a Companies House number of NI046005. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in March 2003, it's largest shareholder is sharon brownlee with a 50% stake. Ab Refrigeration & Air Conditioning Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.

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Pomanda's financial health check has awarded Ab Refrigeration & Air Conditioning Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £3m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.8%)

EXPORT

Ab Refrigeration & Air Conditioning Ltd's latest turnover from August 2023 is estimated at £3 million and the company has net assets of £756.6 thousand. According to their latest financial statements, Ab Refrigeration & Air Conditioning Ltd has 13 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	3,021,513	2,862,589	2,171,106	1,889,690	2,669,381	1,090,331	1,240,887	1,088,911	1,931,660	1,452,459	951,729	1,337,194	1,321,127	1,263,576	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,426,704	2,285,610	1,760,937	1,505,759	2,138,998	887,880	994,312	869,501	1,509,065	1,155,893	749,099	1,073,920	1,068,987	1,006,833	0
Gross Profit	594,809	576,979	410,169	383,931	530,383	202,451	246,575	219,410	422,595	296,566	202,630	263,274	252,140	256,743	0
Admin Expenses	474,512	485,830	313,442	338,393	461,116	155,582	221,377	200,208	378,853	252,054	164,661	232,938	233,249	237,747	-282,444
Operating Profit	120,297	91,149	96,727	45,538	69,267	46,869	25,198	19,202	43,742	44,512	37,969	30,336	18,891	18,996	282,444
Interest Payable	0	0	0	0	868	2,922	3,963	2,061	0	0	0	0	0	0	0
Interest Receivable	0	637	128	92	359	555	98	73	150	69	0	0	0	97	97
Pre-Tax Profit	120,297	91,785	96,856	45,630	68,758	44,502	21,333	17,214	43,893	44,581	37,969	30,336	18,891	19,093	282,542
Tax	-30,074	-17,439	-18,403	-8,670	-13,064	-8,455	-4,053	-3,443	-8,778	-9,362	-8,733	-7,281	-4,912	-5,346	-79,112
Profit After Tax	90,223	74,346	78,453	36,960	55,694	36,047	17,280	13,771	35,114	35,219	29,236	23,055	13,979	13,747	203,430
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	90,223	74,346	78,453	36,960	55,694	36,047	17,280	13,771	35,114	35,219	29,236	23,055	13,979	13,747	203,430
Employee Costs	635,394	613,031	590,915	596,287	272,081	130,283	118,972	118,668	197,612	154,882	113,464	145,813	143,365	138,841	0
Number Of Employees	13	13	13	13	6	3	3	3	5	4	3	4	4	4	0
EBITDA*	120,297	111,410	114,061	60,582	69,267	58,772	47,872	47,549	67,158	59,812	50,680	34,135	22,830	20,101	290,670

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	109,881	41,085	31,246	24,646	34,690	31,788	30,695	41,016	49,190	39,606	34,925	10,526	14,325	6,264	7,369
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	109,881	41,085	31,246	24,646	34,690	31,788	30,695	41,016	49,190	39,606	34,925	10,526	14,325	6,264	7,369
Stock & work in progress	0	0	249,828	152,655	0	155,881	340,994	339,523	341,656	152,394	183,042	223,208	217,954	192,075	184,650
Trade Debtors	916,342	915,517	725,890	545,605	768,650	398,759	385,386	300,694	532,583	492,872	306,127	399,688	422,039	400,300	396,702
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	40,200	0	0	0	0	0	0	0	0	0
Cash	0	0	72,751	183,810	0	95,606	52,362	25,793	32,454	27,674	0	0	0	0	38,879
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	916,342	915,517	1,048,469	882,070	768,650	690,446	778,742	666,010	906,693	672,940	489,169	622,896	639,993	592,375	620,231
total assets	1,026,223	956,602	1,079,715	906,716	803,340	722,234	809,437	707,026	955,883	712,546	524,094	633,422	654,318	598,639	627,600
Bank overdraft	0	0	0	0	0	25,709	60,863	65,945	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	269,669	290,271	466,358	375,270	326,768	203,815	263,610	187,029	573,437	365,547	219,984	369,211	413,162	371,462	412,221
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	55,918	90,133	68,501	0	0	0	0	0	0	0
total current liabilities	269,669	290,271	466,358	375,270	326,768	285,442	414,606	321,475	573,437	365,547	219,984	369,211	413,162	371,462	412,221
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	11,372	7,914	0	5,914	0	8,000	18,666	18,333	10,663	0	0	0	1,949
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	11,372	7,914	0	5,914	0	8,000	18,666	18,333	10,663	0	0	0	1,949
total liabilities	269,669	290,271	477,730	383,184	326,768	291,356	414,606	329,475	592,103	383,880	230,647	369,211	413,162	371,462	414,170
net assets	756,554	666,331	601,985	523,532	476,572	430,878	394,831	377,551	363,780	328,666	293,447	264,211	241,156	227,177	213,430
total shareholders funds	756,554	666,331	601,985	523,532	476,572	430,878	394,831	377,551	363,780	328,666	293,447	264,211	241,156	227,177	213,430

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	120,297	91,149	96,727	45,538	69,267	46,869	25,198	19,202	43,742	44,512	37,969	30,336	18,891	18,996	282,444
Depreciation	0	20,261	17,334	15,044	0	11,903	22,674	28,347	23,416	15,300	12,711	3,799	3,939	1,105	8,226
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,074	-17,439	-18,403	-8,670	-13,064	-8,455	-4,053	-3,443	-8,778	-9,362	-8,733	-7,281	-4,912	-5,346	-79,112
Stock	0	-249,828	97,173	152,655	-155,881	-185,113	1,471	-2,133	189,262	-30,648	-40,166	5,254	25,879	7,425	184,650
Debtors	825	189,627	180,285	-223,045	329,691	53,573	84,692	-231,889	39,711	186,745	-93,561	-22,351	21,739	3,598	396,702
Creditors	-20,602	-176,087	91,088	48,502	122,953	-59,795	76,581	-386,408	207,890	145,563	-149,227	-43,951	41,700	-40,759	412,221
Accruals and Deferred Income	0	0	0	0	-55,918	-34,215	21,632	68,501	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	68,796	-21,915	-90,712	170,804	-50,572	87,847	55,869	-39,779	37,297	39,916	26,447	0	12,000	-37,027	42,427
Investing Activities
capital expenditure	-68,796	-30,100	-23,934	-5,000	-2,902	-12,996	-12,353	-20,173	-33,000	-19,981	-37,110	0	-12,000	0	-15,595
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-68,796	-30,100	-23,934	-5,000	-2,902	-12,996	-12,353	-20,173	-33,000	-19,981	-37,110	0	-12,000	0	-15,595
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-11,372	3,458	7,914	-5,914	5,914	-8,000	-10,666	333	7,670	10,663	0	0	-1,949	1,949
share issue	0	-10,000	0	10,000	-10,000	0	0	0	0	0	0	0	0	0	10,000
interest	0	637	128	92	-509	-2,367	-3,865	-1,988	150	69	0	0	0	97	97
cash flow from financing	0	-20,735	3,586	18,006	-16,423	3,547	-11,865	-12,654	483	7,739	10,663	0	0	-1,852	12,046
cash and cash equivalents
cash	0	-72,751	-111,059	183,810	-95,606	43,244	26,569	-6,661	4,780	27,674	0	0	0	-38,879	38,879
overdraft	0	0	0	0	-25,709	-35,154	-5,082	65,945	0	0	0	0	0	0	0
change in cash	0	-72,751	-111,059	183,810	-69,897	78,398	31,651	-72,606	4,780	27,674	0	0	0	-38,879	38,879

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ab refrigeration & air conditioning ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BT62 area or any other competitors across 12 key performance metrics.

AB REFRIGERATION & AIR CONDITIONING LTD group structure

Ab Refrigeration & Air Conditioning Ltd has no subsidiary companies.

Ultimate parent company

AB REFRIGERATION & AIR CONDITIONING LTD

NI046005

AB REFRIGERATION & AIR CONDITIONING LTD Shareholders

sharon brownlee	50%
leslie brownlee	50%

Ab Refrigeration & Air Conditioning Ltd currently has 2 directors. The longest serving directors include Ms Sharon Brownlee (Mar 2003) and Mr Leslie Brownlee (Mar 2003).

officer	country	age	start	end	role
Ms Sharon Brownlee	N Ireland	63 years	Mar 2003	-	Director
Mr Leslie Brownlee		66 years	Mar 2003	-	Director

P&L

August 2023

turnover

+6%

operating profit

120.3k

gross margin

19.7%

-2.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

756.6k

+0.14%

total assets

+0.07%

cash

net assets

Total assets minus all liabilities

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company number

NI046005

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

March 2003

ultimate parent company

None

previous names

a & b refrigeration & air conditioning ltd (February 2018)

address

12 mahon industrial estate, portadown, craigavon, BT62 3EH

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 ab refrigeration & air conditioning ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

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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ab refrigeration & air conditioning ltd Company Information

ab refrigeration & air conditioning ltd Estimated Valuation

ab refrigeration & air conditioning ltd Estimated Valuation

ab refrigeration & air conditioning ltd Estimated Valuation

Ab Refrigeration & Air Conditioning Ltd Overview

Ab Refrigeration & Air Conditioning Ltd Health Check

AB REFRIGERATION & AIR CONDITIONING LTD financials

ab refrigeration & air conditioning ltd Credit Report and Business Information

Ab Refrigeration & Air Conditioning Ltd Competitor Analysis

ab refrigeration & air conditioning ltd Ownership

ab refrigeration & air conditioning ltd directors

ab refrigeration & air conditioning ltd company details

ab refrigeration & air conditioning ltd Charges & Mortgages

ab refrigeration & air conditioning ltd Capital Raised & Share Issues BETA

ab refrigeration & air conditioning ltd Companies House Filings - See Documents