Airxcite Limited

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airxcite limited Company Information

Live

MatureSmallHealthy

Company Number

03487563

Website

http://virginballoonflights.co.uk

Registered Address

jesson house stafford court, stafford park 1, telford, shropshire, TF3 3BD

Industry

Other amusement and recreation activities

Telephone

01952212750

Next Accounts Due

June 2024

Group Structure

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Directors

Kenneth Karlstrom26 Years

Matthew Jones5 Years

Shareholders

kenneth roland karlstrom 100%

airxcite limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of AIRXCITE LIMITED at £3.4m based on a Turnover of £3.7m and 0.92x industry multiple (adjusted for size and gross margin).

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Airxcite Limited is a live company located in telford, TF3 3BD with a Companies House number of 03487563. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in December 1997, it's largest shareholder is kenneth roland karlstrom with a 100% stake. Airxcite Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Airxcite Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £3.7m, make it larger than the average company (£282.7k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (1.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIRXCITE LIMITED group structure

Airxcite Limited has no subsidiary companies.

Ultimate parent company

AIRXCITE LIMITED

03487563

AIRXCITE LIMITED Shareholders

kenneth roland karlstrom

100%

Airxcite Limited currently has 2 directors. The longest serving directors include Mr Kenneth Karlstrom (Jan 1998) and Mr Matthew Jones (Dec 2018).

officer	country	age	start	end	role
Mr Kenneth Karlstrom	United Kingdom	70 years	Jan 1998	-	Director
Mr Matthew Jones	England	45 years	Dec 2018	-	Director

EXPORT

Airxcite Limited's latest turnover from September 2022 is estimated at £3.7 million and the company has net assets of -£1.7 million. According to their latest financial statements, Airxcite Limited has 17 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,746,271	2,470,233	2,711,526	3,107,255	3,191,623	3,526,574	5,547,887	4,881,021	4,786,055	4,236,183	3,908,722	4,382,180	2,274,889	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,465,399	1,811,609	1,940,298	2,151,258	2,205,257	2,391,908	3,689,030	3,223,832	3,414,467	2,859,583	2,753,119	2,994,908	1,533,075	0
Gross Profit	1,280,873	658,624	771,228	955,998	986,365	1,134,666	1,858,857	1,657,189	1,371,588	1,376,599	1,155,603	1,387,272	741,815	0
Admin Expenses	1,363,472	677,044	1,569,346	1,250,492	901,808	1,139,160	1,850,596	1,668,555	1,704,308	1,424,164	1,282,995	1,558,566	735,015	1,404
Operating Profit	-82,599	-18,420	-798,118	-294,494	84,557	-4,494	8,261	-11,366	-332,720	-47,565	-127,392	-171,294	6,800	-1,404
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	50,456	1,587	1,248	9,847	10,159	2,895	2,782	5,021	3,436	4,514	7,037	7,294	6,594	3,325
Pre-Tax Profit	-32,143	-16,833	-796,870	-284,647	94,716	-1,599	11,043	-6,345	-329,284	-43,051	-120,355	-164,000	13,394	1,921
Tax	0	0	0	0	-17,996	0	-2,208	0	0	0	0	0	-3,750	-538
Profit After Tax	-32,143	-16,833	-796,870	-284,647	76,720	-1,599	8,834	-6,345	-329,284	-43,051	-120,355	-164,000	9,644	1,383
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-32,143	-16,833	-796,870	-284,647	76,720	-1,599	8,834	-6,345	-329,284	-43,051	-120,355	-164,000	9,644	1,383
Employee Costs	297,017	184,954	261,859	371,196	396,557	400,038	826,953	648,846	694,050	706,910	636,907	806,604	351,667	0
Number Of Employees	17	11	16	21	23	24	51	40	42	41	35	45	20	0
EBITDA*	121,218	172,636	-584,958	-79,273	316,005	215,797	204,521	214,580	-84,814	217,914	1,231,284	130,044	319,028	303,167

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	851,619	852,481	846,172	922,622	808,951	723,938	733,390	711,223	738,248	960,471	980,536	608,520	742,246	821,831
Intangible Assets	34,500	7,015	3,702	27,961	52,640	65,143	85,063	71,323	78,256	84,481	60,475	61,226	59,656	11,703
Investments & Other	0	0	0	270,000	270,000	270,000	270,000	270,000	270,000	270,000	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	886,119	859,496	849,874	1,220,583	1,131,591	1,059,081	1,088,453	1,052,546	1,086,504	1,314,952	1,041,011	669,746	801,902	833,534
Stock & work in progress	32,604	23,164	31,911	45,285	51,560	44,320	41,475	46,190	50,902	55,984	64,703	68,716	40,777	109,267
Trade Debtors	664,967	618,801	385,411	424,228	495,482	565,762	572,619	535,060	577,406	498,881	382,268	447,039	174,099	309,999
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	103,483	37,963	79,374	97,307	0	55,478	0	0	0	0	267,455	176,979	125,065	0
Cash	2,565,272	1,919,690	1,253,327	1,242,420	1,383,536	1,325,494	990,776	1,234,768	773,648	600,725	1,204,913	1,609,916	1,307,608	1,329,976
misc current assets	0	0	0	0	54,828	0	44,926	48,555	45,130	59,992	71,979	56,860	87,243	96,513
total current assets	3,366,326	2,599,618	1,750,023	1,809,240	1,985,406	1,991,054	1,649,796	1,864,573	1,447,086	1,215,582	1,991,318	2,359,510	1,734,792	1,845,755
total assets	4,252,445	3,459,114	2,599,897	3,029,823	3,116,997	3,050,135	2,738,249	2,917,119	2,533,590	2,530,534	3,032,329	3,029,256	2,536,694	2,679,289
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	5,949,991	5,124,517	4,248,467	3,881,523	3,684,050	3,693,908	3,380,423	3,568,127	3,178,253	2,845,913	3,304,657	3,163,453	2,490,058	2,645,800
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	5,949,991	5,124,517	4,248,467	3,881,523	3,684,050	3,693,908	3,380,423	3,568,127	3,178,253	2,845,913	3,304,657	3,163,453	2,490,058	2,645,800
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	17,776	34,609	31,106
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	17,776	34,609	31,106
total liabilities	5,949,991	5,124,517	4,248,467	3,881,523	3,684,050	3,693,908	3,380,423	3,568,127	3,178,253	2,845,913	3,304,657	3,181,229	2,524,667	2,676,906
net assets	-1,697,546	-1,665,403	-1,648,570	-851,700	-567,053	-643,773	-642,174	-651,008	-644,663	-315,379	-272,328	-151,973	12,027	2,383
total shareholders funds	-1,697,546	-1,665,403	-1,648,570	-851,700	-567,053	-643,773	-642,174	-651,008	-644,663	-315,379	-272,328	-151,973	12,027	2,383

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-82,599	-18,420	-798,118	-294,494	84,557	-4,494	8,261	-11,366	-332,720	-47,565	-127,392	-171,294	6,800	-1,404
Depreciation	187,542	186,369	188,901	188,556	202,845	194,371	189,066	216,613	239,281	258,285	1,357,925	300,658	301,081	281,919
Amortisation	16,275	4,687	24,259	26,665	28,603	25,920	7,194	9,333	8,625	7,194	751	680	11,147	22,652
Tax	0	0	0	0	-17,996	0	-2,208	0	0	0	0	0	-3,750	-538
Stock	9,440	-8,747	-13,374	-6,275	7,240	2,845	-4,715	-4,712	-5,082	-8,719	-4,013	27,939	-68,490	109,267
Debtors	111,686	191,979	-56,750	26,053	-125,758	48,621	37,559	-42,346	78,525	-150,842	25,705	324,854	-10,835	309,999
Creditors	825,474	876,050	366,944	197,473	-9,858	313,485	-187,704	389,874	332,340	-458,744	141,204	673,395	-155,742	2,645,800
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-17,776	-16,833	3,503	31,106
Cash flow from operations	825,566	865,454	-147,890	98,422	406,669	477,816	-18,235	651,512	174,083	-81,269	1,333,020	433,813	242,364	2,560,269
Investing Activities
capital expenditure	-230,440	-200,678	-112,451	-304,213	-303,958	-190,919	-232,167	-191,988	-19,458	-269,420	-1,729,941	-169,182	-280,596	-1,138,105
Change in Investments	0	0	-270,000	0	0	0	0	0	0	270,000	0	0	0	0
cash flow from investments	-230,440	-200,678	157,549	-304,213	-303,958	-190,919	-232,167	-191,988	-19,458	-539,420	-1,729,941	-169,182	-280,596	-1,138,105
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	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	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	50,456	1,587	1,248	9,847	10,159	2,895	2,782	5,021	3,436	4,514	7,037	7,294	6,594	3,325
cash flow from financing	50,456	1,587	1,248	9,847	10,159	2,895	2,782	5,021	3,436	4,514	7,037	7,294	6,594	4,325
cash and cash equivalents
cash	645,582	666,363	10,907	-141,116	58,042	334,718	-243,992	461,120	172,923	-604,188	-405,003	302,308	-22,368	1,329,976
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	645,582	666,363	10,907	-141,116	58,042	334,718	-243,992	461,120	172,923	-604,188	-405,003	302,308	-22,368	1,329,976

P&L

September 2022

turnover

3.7m

+52%

operating profit

-82.6k

gross margin

34.2%

+28.24%

turnover

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

Balance Sheet

September 2022

net assets

-1.7m

+0.02%

total assets

4.3m

+0.23%

cash

2.6m

+0.34%

net assets

Total assets minus all liabilities

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company number

03487563

Type

Private limited with Share Capital

industry

93290 - Other amusement and recreation activities

incorporation date

December 1997

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

transitmode limited (November 2002)

incorporated

address

jesson house stafford court, stafford park 1, telford, shropshire, TF3 3BD

last accounts submitted

September 2022

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 airxcite limited.

airxcite limited Company Information

airxcite limited Estimated Valuation

airxcite limited Estimated Valuation

airxcite limited Estimated Valuation

Airxcite Limited AI Business Plan

Airxcite Limited Overview

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AIRXCITE LIMITED financials

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