british midland regional limited
british midland regional limited Company Information
Company Number
SC104657
Website
http://flybmi.comRegistered Address
c/o bdo llp 2 atlantic square, 31 york street, glasgow, G2 8NJ
Industry
Freight air transport
Non-scheduled passenger air transport
Telephone
-
Next Accounts Due
1979 days late
Group Structure
View All
Shareholders
sector aviation holdings limited 100%
british midland regional limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH MIDLAND REGIONAL LIMITED at £47.3m based on a Turnover of £79.3m and 0.6x industry multiple (adjusted for size and gross margin).
british midland regional limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH MIDLAND REGIONAL LIMITED at £0 based on an EBITDA of £-2.3m and a 4.18x industry multiple (adjusted for size and gross margin).
british midland regional limited Estimated Valuation
Pomanda estimates the enterprise value of BRITISH MIDLAND REGIONAL LIMITED at £15.7m based on Net Assets of £5.1m and 3.07x industry multiple (adjusted for liquidity).
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British Midland Regional Limited Overview
British Midland Regional Limited is a live company located in glasgow, G2 8NJ with a Companies House number of SC104657. It operates in the scheduled passenger air transport sector, SIC Code 51101. Founded in May 1987, it's largest shareholder is sector aviation holdings limited with a 100% stake. British Midland Regional Limited is a mature, large sized company, Pomanda has estimated its turnover at £79.3m with healthy growth in recent years.
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British Midland Regional Limited Health Check
Pomanda's financial health check has awarded British Midland Regional Limited a 3 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
3 Regular
5 Weak
Size
annual sales of £79.3m, make it larger than the average company (£9.2m)
£79.3m - British Midland Regional Limited
£9.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (1.1%)
6% - British Midland Regional Limited
1.1% - Industry AVG
Production
with a gross margin of 5%, this company has a higher cost of product (17%)
5% - British Midland Regional Limited
17% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (2.6%)
-6.3% - British Midland Regional Limited
2.6% - Industry AVG
Employees
with 376 employees, this is above the industry average (103)
376 - British Midland Regional Limited
103 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£43.7k)
£45.4k - British Midland Regional Limited
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £210.9k, this is equally as efficient (£243.4k)
£210.9k - British Midland Regional Limited
£243.4k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (34 days)
29 days - British Midland Regional Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (31 days)
22 days - British Midland Regional Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (8 days)
5 days - British Midland Regional Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (13 weeks)
10 weeks - British Midland Regional Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (74.3%)
84% - British Midland Regional Limited
74.3% - Industry AVG
british midland regional limited Credit Report and Business Information
British Midland Regional Limited Competitor Analysis
Perform a competitor analysis for british midland regional limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
british midland regional limited Ownership
BRITISH MIDLAND REGIONAL LIMITED group structure
British Midland Regional Limited has no subsidiary companies.
Ultimate parent company
2 parents
BRITISH MIDLAND REGIONAL LIMITED
SC104657
british midland regional limited directors
British Midland Regional Limited currently has 2 directors. The longest serving directors include Mr Paul Roberts (Dec 2014) and Mr Peter Simpson (Mar 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Roberts | 59 years | Dec 2014 | - | Director | |
| Mr Peter Simpson | England | 57 years | Mar 2015 | - | Director |
BRITISH MIDLAND REGIONAL LIMITED financials
British Midland Regional Limited's latest turnover from March 2017 is £79.3 million and the company has net assets of £5.1 million. According to their latest financial statements, British Midland Regional Limited has 376 employees and maintains cash reserves of £5.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 79,301,000 | 71,607,000 | 74,851,000 | 66,933,000 | 55,234,000 | 0 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 75,334,000 | 64,227,000 | 73,649,000 | 63,704,000 | 49,494,000 | 0 | ||
| Gross Profit | 3,967,000 | 7,380,000 | 1,202,000 | 3,229,000 | 5,740,000 | 0 | ||
| Admin Expenses | 8,964,000 | 9,184,000 | 12,072,000 | 15,083,000 | 10,005,000 | 0 | ||
| Operating Profit | -4,997,000 | -1,804,000 | -10,870,000 | -11,854,000 | -4,265,000 | 0 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 347,000 | 0 | 0 | |
| Interest Receivable | 3,000 | 1,000 | 4,000 | 373,000 | 1,000 | 0 | 0 | |
| Pre-Tax Profit | -4,994,000 | -1,803,000 | -10,866,000 | -11,481,000 | -4,611,000 | 0 | 0 | |
| Tax | 931,000 | 1,089,000 | 0 | 0 | 70,000 | 0 | 0 | |
| Profit After Tax | -4,063,000 | -714,000 | -10,866,000 | -11,481,000 | -4,541,000 | 0 | 0 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -4,063,000 | -714,000 | -10,866,000 | -11,481,000 | -4,541,000 | 0 | 0 | |
| Employee Costs | 17,061,000 | 16,292,000 | 16,271,000 | 16,492,000 | 16,437,000 | 0 | ||
| Number Of Employees | 376 | 364 | 359 | 362 | 392 | |||
| EBITDA* | -2,328,000 | 582,000 | -8,714,000 | -10,541,000 | -3,845,000 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,727,000 | 9,226,000 | 8,697,000 | 7,762,000 | 6,057,000 | 0 | 0 | 0 |
| Intangible Assets | 413,000 | 471,000 | 94,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 227,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,140,000 | 9,697,000 | 8,791,000 | 7,989,000 | 6,057,000 | 0 | 0 | 0 |
| Stock & work in progress | 1,074,000 | 902,000 | 986,000 | 1,533,000 | 1,473,000 | 0 | 0 | 0 |
| Trade Debtors | 6,478,000 | 4,644,000 | 4,498,000 | 6,489,000 | 6,561,000 | 0 | 0 | 0 |
| Group Debtors | 3,385,000 | 4,126,000 | 0 | 2,101,000 | 1,202,000 | 0 | 0 | 0 |
| Misc Debtors | 5,657,000 | 1,966,000 | 4,050,000 | 1,775,000 | 2,070,000 | 0 | 0 | 0 |
| Cash | 5,100,000 | 4,931,000 | 4,359,000 | 2,942,000 | 6,435,000 | 4,000 | 6,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,694,000 | 16,569,000 | 13,893,000 | 14,840,000 | 17,741,000 | 4,000 | 6,000 | 0 |
| total assets | 31,834,000 | 26,266,000 | 22,684,000 | 22,829,000 | 23,798,000 | 4,000 | 6,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,645,000 | 4,612,000 | 4,475,000 | 5,326,000 | 3,461,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,181,000 | 100,000 | 2,204,000 | 1,300,000 | 7,721,000 | 4,000 | 6,000 | 0 |
| other short term finances | 96,000 | 213,000 | 91,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,927,000 | 17,137,000 | 14,395,000 | 11,721,000 | 14,515,000 | 0 | 0 | 0 |
| total current liabilities | 25,849,000 | 22,062,000 | 21,165,000 | 18,347,000 | 25,697,000 | 4,000 | 6,000 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 882,000 | 728,000 | 4,652,000 | 3,254,000 | 2,642,000 | 0 | 0 | 0 |
| total long term liabilities | 882,000 | 728,000 | 4,652,000 | 3,254,000 | 2,642,000 | 0 | 0 | 0 |
| total liabilities | 26,731,000 | 22,790,000 | 25,817,000 | 21,601,000 | 28,339,000 | 4,000 | 6,000 | 0 |
| net assets | 5,103,000 | 3,476,000 | -3,133,000 | 1,228,000 | -4,541,000 | 0 | 0 | 0 |
| total shareholders funds | 5,103,000 | 3,476,000 | -3,133,000 | 1,228,000 | -4,541,000 | 0 | 0 | 0 |
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -4,997,000 | -1,804,000 | -10,870,000 | -11,854,000 | -4,265,000 | 0 | ||
| Depreciation | 2,586,000 | 2,344,000 | 2,156,000 | 1,313,000 | 420,000 | 0 | 0 | |
| Amortisation | 83,000 | 42,000 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 931,000 | 1,089,000 | 0 | 0 | 70,000 | 0 | 0 | |
| Stock | 172,000 | -84,000 | -547,000 | 60,000 | 1,473,000 | 0 | 0 | 0 |
| Debtors | 4,784,000 | 2,188,000 | -1,817,000 | 532,000 | 9,833,000 | 0 | 0 | 0 |
| Creditors | 33,000 | 137,000 | -851,000 | 1,865,000 | 3,461,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 2,790,000 | 2,742,000 | 2,674,000 | -2,794,000 | 14,515,000 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 154,000 | -3,924,000 | 1,398,000 | 612,000 | 2,642,000 | 0 | 0 | 0 |
| Cash flow from operations | -3,376,000 | -1,478,000 | -3,129,000 | -11,450,000 | 5,537,000 | 0 | ||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | -227,000 | 227,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,081,000 | -2,104,000 | 904,000 | -6,421,000 | 7,721,000 | -2,000 | 6,000 | 0 |
| Other Short Term Loans | -117,000 | 122,000 | 91,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 3,000 | 1,000 | 4,000 | 373,000 | -346,000 | 0 | 0 | |
| cash flow from financing | 6,657,000 | 5,342,000 | 7,504,000 | 11,202,000 | 7,375,000 | -2,000 | 6,000 | |
| cash and cash equivalents | ||||||||
| cash | 169,000 | 572,000 | 1,417,000 | -3,493,000 | 6,435,000 | -2,000 | 6,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 169,000 | 572,000 | 1,417,000 | -3,493,000 | 6,435,000 | -2,000 | 6,000 | 0 |
P&L
March 2017turnover
79.3m
+11%
operating profit
-5m
+177%
gross margin
5.1%
-51.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
5.1m
+0.47%
total assets
31.8m
+0.21%
cash
5.1m
+0.03%
net assets
Total assets minus all liabilities
british midland regional limited company details
company number
SC104657
Type
Private limited with Share Capital
industry
51101 - Scheduled passenger air transport
51210 - Freight air transport
51102 - Non-scheduled passenger air transport
incorporation date
May 1987
age
37
accounts
Full Accounts
ultimate parent company
previous names
business air limited (February 2001)
garradale limited (August 1987)
incorporated
UK
address
c/o bdo llp 2 atlantic square, 31 york street, glasgow, G2 8NJ
last accounts submitted
March 2017
british midland regional 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 10 charges/mortgages relating to british midland regional limited. Currently there are 4 open charges and 6 have been satisfied in the past.
british midland regional limited Companies House Filings - See Documents
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