the royal air force benevolent fund
the royal air force benevolent fund Company Information
Company Number
ZC000201
Next Accounts
118 days late
Industry
Other personal service activities n.e.c.
Shareholders
-
Group Structure
View All
Contact
Registered Address
67 portland place, london, W1B 1AR
Website
http://rafbf.orgthe royal air force benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE ROYAL AIR FORCE BENEVOLENT FUND at £27.5m based on a Turnover of £23.9m and 1.15x industry multiple (adjusted for size and gross margin).
the royal air force benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE ROYAL AIR FORCE BENEVOLENT FUND at £15.8m based on an EBITDA of £2.3m and a 6.8x industry multiple (adjusted for size and gross margin).
the royal air force benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE ROYAL AIR FORCE BENEVOLENT FUND at £281.5m based on Net Assets of £124.1m and 2.27x industry multiple (adjusted for liquidity).
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The Royal Air Force Benevolent Fund Overview
The Royal Air Force Benevolent Fund is a live company located in london, W1B 1AR with a Companies House number of ZC000201. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 2002, it's largest shareholder is unknown. The Royal Air Force Benevolent Fund is a mature, large sized company, Pomanda has estimated its turnover at £23.9m with low growth in recent years.
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The Royal Air Force Benevolent Fund Health Check
Pomanda's financial health check has awarded The Royal Air Force Benevolent Fund a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £23.9m, make it larger than the average company (£1.2m)
£23.9m - The Royal Air Force Benevolent Fund
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.5%)
4% - The Royal Air Force Benevolent Fund
4.5% - Industry AVG
Production
with a gross margin of 41.5%, this company has a comparable cost of product (41.5%)
41.5% - The Royal Air Force Benevolent Fund
41.5% - Industry AVG
Profitability
an operating margin of 5.6% make it as profitable than the average company (6.9%)
5.6% - The Royal Air Force Benevolent Fund
6.9% - Industry AVG
Employees
with 109 employees, this is above the industry average (15)
109 - The Royal Air Force Benevolent Fund
15 - Industry AVG
Pay Structure
on an average salary of £55.8k, the company has a higher pay structure (£32.8k)
£55.8k - The Royal Air Force Benevolent Fund
£32.8k - Industry AVG
Efficiency
resulting in sales per employee of £218.8k, this is more efficient (£99.7k)
£218.8k - The Royal Air Force Benevolent Fund
£99.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Royal Air Force Benevolent Fund
- - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (43 days)
12 days - The Royal Air Force Benevolent Fund
43 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (43 days)
0 days - The Royal Air Force Benevolent Fund
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 271 weeks, this is more cash available to meet short term requirements (39 weeks)
271 weeks - The Royal Air Force Benevolent Fund
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.3%, this is a lower level of debt than the average (49.6%)
4.3% - The Royal Air Force Benevolent Fund
49.6% - Industry AVG
THE ROYAL AIR FORCE BENEVOLENT FUND financials
The Royal Air Force Benevolent Fund's latest turnover from December 2022 is £23.9 million and the company has net assets of £124.1 million. According to their latest financial statements, The Royal Air Force Benevolent Fund has 109 employees and maintains cash reserves of £13.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,853,000 | 25,528,000 | 19,138,000 | 21,439,000 | 24,214,000 | 21,675,000 | 19,253,000 | 17,301,000 | 17,910,000 | 18,372,000 | 17,689,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,369,000 | 9,791,000 | -9,386,000 | -126,000 | 1,576,000 | -540,000 | 15,985,000 | -8,128,000 | -11,664,000 | -8,681,000 | -6,568,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1,369,000 | 9,791,000 | -9,386,000 | -126,000 | 1,576,000 | -540,000 | 15,985,000 | -8,128,000 | -11,664,000 | -8,681,000 | -6,568,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,369,000 | 9,791,000 | -9,386,000 | -126,000 | 1,576,000 | -540,000 | 15,985,000 | -8,128,000 | -11,664,000 | -8,681,000 | -6,568,000 |
| Employee Costs | 6,079,000 | 6,412,000 | 8,717,000 | 7,770,000 | 5,181,000 | 5,293,000 | 6,183,000 | 6,074,000 | 6,284,000 | 6,035,000 | 5,285,000 |
| Number Of Employees | 109 | 117 | 206 | 216 | 7 | 9 | 11 | 184 | 175 | 170 | 169 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,073,000 | 28,663,000 | 32,059,000 | 32,383,000 | 34,311,000 | 35,823,000 | 38,870,000 | 40,093,000 | 38,730,000 | 34,724,000 | 31,390,000 |
| Intangible Assets | 35,000 | 187,000 | 274,000 | 249,000 | 543,000 | 996,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 79,125,000 | 91,062,000 | 86,848,000 | 91,695,000 | 79,719,000 | 81,760,000 | 84,475,000 | 85,139,000 | 80,990,000 | 107,515,000 | 116,075,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 106,233,000 | 119,912,000 | 119,181,000 | 124,327,000 | 114,573,000 | 118,579,000 | 123,345,000 | 125,232,000 | 119,720,000 | 142,239,000 | 147,465,000 |
| Stock & work in progress | 5,000 | 3,000 | 6,000 | 5,000 | 28,000 | 79,000 | 70,000 | 58,000 | 7,000 | 7,000 | 7,000 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 327,000 | 151,000 | 148,000 | 36,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,027,000 | 10,623,000 | 7,273,000 | 7,869,000 | 2,483,000 | 3,677,000 | 2,026,000 | 1,013,000 | 843,000 | 914,000 | 401,000 |
| Cash | 13,494,000 | 7,449,000 | 3,393,000 | 7,241,000 | 14,185,000 | 8,528,000 | 5,620,000 | 6,149,000 | 18,148,000 | 8,849,000 | 3,238,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,526,000 | 18,075,000 | 10,672,000 | 15,115,000 | 16,696,000 | 12,284,000 | 7,716,000 | 7,547,000 | 19,149,000 | 9,918,000 | 3,682,000 |
| total assets | 129,759,000 | 137,987,000 | 129,853,000 | 139,442,000 | 131,269,000 | 130,863,000 | 131,061,000 | 132,779,000 | 138,869,000 | 152,157,000 | 151,147,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 485,000 | 628,000 | 430,000 | 520,000 | 321,000 | 411,000 | 471,000 | 342,000 | 1,083,000 | 421,000 | 385,000 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,097,000 | 1,931,000 | 2,986,000 | 2,364,000 | 1,334,000 | 1,593,000 | 1,064,000 | 1,546,000 | 1,923,000 | 1,782,000 | 2,071,000 |
| total current liabilities | 2,582,000 | 2,559,000 | 3,416,000 | 2,884,000 | 1,655,000 | 2,004,000 | 1,535,000 | 1,888,000 | 3,006,000 | 2,203,000 | 2,456,000 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,056,000 | 13,465,000 | 16,531,000 | 13,728,000 | 6,066,000 | 6,009,000 | 5,187,000 | 6,315,000 | 8,749,000 | 5,221,000 | 6,334,000 |
| total liabilities | 5,638,000 | 16,024,000 | 19,947,000 | 16,612,000 | 7,721,000 | 8,013,000 | 6,722,000 | 8,203,000 | 11,755,000 | 7,424,000 | 8,790,000 |
| net assets | 124,121,000 | 121,963,000 | 109,906,000 | 122,830,000 | 123,548,000 | 122,850,000 | 124,339,000 | 124,576,000 | 127,114,000 | 144,733,000 | 142,357,000 |
| total shareholders funds | 124,121,000 | 121,963,000 | 109,906,000 | 122,830,000 | 123,548,000 | 122,850,000 | 124,339,000 | 124,576,000 | 127,114,000 | 144,733,000 | 142,357,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 839,000 | 863,000 | 1,008,000 | 1,211,000 | 1,256,000 | 1,382,000 | 1,426,000 | 1,374,000 | 973,000 | 895,000 | 793,000 |
| Amortisation | 161,000 | 168,000 | 177,000 | 46,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 2,000 | -3,000 | 1,000 | 5,000 | -51,000 | 9,000 | 12,000 | 51,000 | 0 | 0 | 7,000 |
| Debtors | -596,000 | 3,350,000 | -596,000 | 7,869,000 | -1,194,000 | 1,651,000 | 686,000 | 346,000 | -68,000 | 625,000 | 437,000 |
| Creditors | -143,000 | 198,000 | -90,000 | 520,000 | -90,000 | -60,000 | 129,000 | -741,000 | 662,000 | 36,000 | 385,000 |
| Accruals and Deferred Income | 166,000 | -1,055,000 | 622,000 | 2,364,000 | -259,000 | 529,000 | -482,000 | -377,000 | 141,000 | -289,000 | 2,071,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 4,918,000 | 3,288,000 | 3,941,000 | -2,077,000 | 20,261,000 | 15,795,000 | 6,937,000 |
| Change in Investments | -11,937,000 | 4,214,000 | -4,847,000 | 91,695,000 | -2,041,000 | -2,715,000 | -664,000 | 4,149,000 | -26,525,000 | -8,560,000 | 116,075,000 |
| cash flow from investments | 11,937,000 | -4,214,000 | 4,847,000 | -91,695,000 | 6,959,000 | 6,003,000 | 4,605,000 | -6,226,000 | 46,786,000 | 24,355,000 | -109,138,000 |
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -77,000 |
| cash flow from financing | 789,000 | 2,266,000 | -3,538,000 | 122,956,000 | -878,000 | -949,000 | -16,222,000 | 5,590,000 | -5,955,000 | 11,057,000 | 148,848,000 |
| cash and cash equivalents | |||||||||||
| cash | 6,045,000 | 4,056,000 | -3,848,000 | 7,241,000 | 5,657,000 | 2,908,000 | -529,000 | -11,999,000 | 9,299,000 | 5,611,000 | 3,238,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 6,045,000 | 4,056,000 | -3,848,000 | 7,241,000 | 5,657,000 | 2,908,000 | -529,000 | -11,999,000 | 9,299,000 | 5,611,000 | 3,238,000 |
the royal air force benevolent fund Credit Report and Business Information
The Royal Air Force Benevolent Fund Competitor Analysis
Perform a competitor analysis for the royal air force benevolent fund by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in W1B area or any other competitors across 12 key performance metrics.
the royal air force benevolent fund Ownership
THE ROYAL AIR FORCE BENEVOLENT FUND group structure
The Royal Air Force Benevolent Fund has 2 subsidiary companies.
Ultimate parent company
THE ROYAL AIR FORCE BENEVOLENT FUND
ZC000201
2 subsidiaries
the royal air force benevolent fund directors
The Royal Air Force Benevolent Fund currently has 13 directors. The longest serving directors include Mr Alastair Irvine (Nov 2012) and Mr Graeme Craig (Sep 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alastair Irvine | England | 62 years | Nov 2012 | - | Director |
| Mr Graeme Craig | 53 years | Sep 2016 | - | Director | |
| Ms Sarah Davis | United Kingdom | 47 years | Jun 2020 | - | Director |
| Mr Patrick Aylmer | 61 years | Jun 2021 | - | Director | |
| Mrs Alison Benjamin | United Kingdom | 45 years | Jun 2021 | - | Director |
| Ms Allyson Arnold | United Kingdom | 48 years | Jun 2021 | - | Director |
| Mr Richard Cryer | 77 years | Jun 2021 | - | Director | |
| Mr Richard Daniel | England | 64 years | Feb 2022 | - | Director |
| Mrs Susan Mayhew | 54 years | Sep 2022 | - | Director | |
| Wing Commander Sophie Allen | 42 years | Sep 2022 | - | Director |
P&L
December 2022turnover
23.9m
-7%
operating profit
1.3m
0%
gross margin
41.5%
+3.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
124.1m
+0.02%
total assets
129.8m
-0.06%
cash
13.5m
+0.81%
net assets
Total assets minus all liabilities
the royal air force benevolent fund company details
company number
ZC000201
Type
Other
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 2002
age
23
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
SAFFERY CHAMPNESS LLP
address
67 portland place, london, W1B 1AR
Bank
BARCLAYS BANK PLC
Legal Advisor
CHARLES RUSSELL SPEECHLYS LLP
the royal air force benevolent fund 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 the royal air force benevolent fund.
the royal air force benevolent fund 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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the royal air force benevolent fund Companies House Filings - See Documents
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