Airtrace Sheet Metal Limited

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airtrace sheet metal limited Company Information

Live

EstablishedMidLow

Company Number

05392792

Website

www.airtrace.co.uk

Registered Address

30-34 north street, hailsham, east sussex, BN27 1DW

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01323506600

Next Accounts Due

March 2025

Group Structure

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Directors

Anthony Warwick19 Years

Jason Pearson19 Years

Shareholders

trace holdings limited 100%

airtrace sheet metal limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of AIRTRACE SHEET METAL LIMITED at £3.4m based on a Turnover of £5.2m and 0.66x industry multiple (adjusted for size and gross margin).

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Airtrace Sheet Metal Limited AI Business Plan

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Airtrace Sheet Metal Limited is a live company located in east sussex, BN27 1DW with a Companies House number of 05392792. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in March 2005, it's largest shareholder is trace holdings limited with a 100% stake. Airtrace Sheet Metal Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with low growth in recent years.

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Pomanda's financial health check has awarded Airtrace Sheet Metal Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £5.2m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIRTRACE SHEET METAL LIMITED group structure

Airtrace Sheet Metal Limited has no subsidiary companies.

Ultimate parent company

TRACE HOLDINGS LIMITED

11632189

1 parent

AIRTRACE SHEET METAL LIMITED

05392792

AIRTRACE SHEET METAL LIMITED Shareholders

trace holdings limited

100%

Airtrace Sheet Metal Limited currently has 2 directors. The longest serving directors include Mr Anthony Warwick (Mar 2005) and Mr Jason Pearson (Mar 2005).

officer	country	age	start	end	role
Mr Anthony Warwick		51 years	Mar 2005	-	Director
Mr Jason Pearson	United Kingdom	52 years	Mar 2005	-	Director

EXPORT

Airtrace Sheet Metal Limited's latest turnover from June 2023 is estimated at £5.2 million and the company has net assets of £595.2 thousand. According to their latest financial statements, Airtrace Sheet Metal Limited has 72 employees and maintains cash reserves of £389.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	5,180,675	5,115,897	5,146,253	4,936,535	5,166,982	5,230,490	4,906,747	3,056,672	3,722,698	3,008,042	3,322,876	2,473,695	2,053,431	1,390,657
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,663,199	3,574,748	3,685,272	3,466,158	3,637,462	3,635,829	3,389,974	2,101,048	2,531,135	2,092,246	2,317,190	1,728,327	1,422,649	955,230
Gross Profit	1,517,476	1,541,149	1,460,981	1,470,377	1,529,520	1,594,661	1,516,773	955,624	1,191,564	915,796	1,005,686	745,368	630,782	435,427
Admin Expenses	1,547,757	1,600,559	1,303,748	2,092,888	1,392,633	1,037,841	1,054,424	818,008	1,182,130	784,855	885,466	683,171	617,401	433,488
Operating Profit	-30,281	-59,410	157,233	-622,511	136,887	556,820	462,349	137,616	9,434	130,941	120,220	62,197	13,381	1,939
Interest Payable	0	3	2	18,550	44,213	48,162	50,768	27,445	0	0	0	0	0	0
Interest Receivable	18,533	4,092	603	581	1,843	1,046	370	284	33	177	162	28	41	23
Pre-Tax Profit	-11,748	-55,320	157,833	-640,481	94,517	509,704	411,952	110,455	9,466	131,118	120,382	62,225	13,422	1,963
Tax	0	0	-29,988	0	-17,958	-96,844	-78,271	-22,091	-1,893	-27,535	-27,688	-14,934	-3,490	-549
Profit After Tax	-11,748	-55,320	127,845	-640,481	76,559	412,860	333,681	88,364	7,573	103,583	92,694	47,291	9,932	1,413
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-11,748	-55,320	127,845	-640,481	76,559	412,860	333,681	88,364	7,573	103,583	92,694	47,291	9,932	1,413
Employee Costs	2,782,289	2,570,140	2,610,129	2,895,494	2,579,487	2,261,027	2,082,409	881,183	982,541	811,501	839,034	673,826	560,682	402,551
Number Of Employees	72	71	74	81	74	67	63	27	31	26	27	22	19	14
EBITDA*	5,826	-11,267	221,423	-544,827	256,215	677,260	567,327	243,651	80,742	156,613	139,024	87,584	28,750	18,970

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	108,323	144,430	192,573	231,662	1,527,072	1,558,531	1,502,426	1,505,191	1,492,851	608,361	97,326	68,702	81,604	58,346
Intangible Assets	0	0	0	0	0	6,800	13,599	20,399	27,198	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	108,323	144,430	192,573	231,662	1,527,072	1,565,331	1,516,025	1,525,590	1,520,049	608,361	97,326	68,702	81,604	58,346
Stock & work in progress	277,961	370,065	374,038	76,661	75,844	65,224	60,597	54,961	49,961	33,054	32,856	31,606	27,095	22,067
Trade Debtors	834,588	932,392	1,034,981	903,802	1,086,852	1,227,394	1,228,860	849,620	736,814	658,438	771,458	592,154	498,347	307,824
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	32,006	24,213	21,264	39,565	18,360	21,555	13,843	61,824	0	0	0	0	0	0
Cash	389,310	352,023	302,766	902,365	258,715	232,883	185,397	110,934	2,854	10,194	60,555	4,218	7,149	9,276
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,533,865	1,678,693	1,733,049	1,922,393	1,439,771	1,547,056	1,488,697	1,077,339	789,629	701,686	864,869	627,978	532,591	339,167
total assets	1,642,188	1,823,123	1,925,622	2,154,055	2,966,843	3,112,387	3,004,722	2,602,929	2,309,678	1,310,047	962,195	696,680	614,195	397,513
Bank overdraft	0	0	75	0	93,790	78,314	64,349	58,254	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	532,648	719,397	578,693	435,524	644,738	726,889	654,512	520,293	1,191,342	905,533	808,859	629,258	587,274	373,733
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	12,157	21,137	41,574	64,874	67,662	58,317	21,583	30,419	0	0	0	0	0	0
other current liabilities	475,057	427,331	561,529	1,042,146	429,226	440,244	811,494	767,380	0	0	0	0	0	0
total current liabilities	1,019,862	1,167,865	1,181,871	1,542,544	1,235,416	1,303,764	1,551,938	1,376,346	1,191,342	905,533	808,859	629,258	587,274	373,733
loans	0	0	0	0	514,420	623,484	715,762	786,207	0	0	0	0	0	0
hp & lease commitments	0	12,157	33,294	33,026	42,057	80,498	30,241	51,824	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	6,250	21,250	36,702	854,850	149,501	1,906	8,686	15,476	22,267
provisions	27,080	36,107	48,143	44,016	0	0	0	0	0	0	0	0	0	0
total long term liabilities	27,080	48,264	81,437	77,042	556,477	710,232	767,253	874,733	854,850	149,501	1,906	8,686	15,476	22,267
total liabilities	1,046,942	1,216,129	1,263,308	1,619,586	1,791,893	2,013,996	2,319,191	2,251,079	2,046,192	1,055,034	810,765	637,944	602,750	396,000
net assets	595,246	606,994	662,314	534,469	1,174,950	1,098,391	685,531	351,850	263,486	255,013	151,430	58,736	11,445	1,513
total shareholders funds	595,246	606,994	662,314	534,469	1,174,950	1,098,391	685,531	351,850	263,486	255,013	151,430	58,736	11,445	1,513

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-30,281	-59,410	157,233	-622,511	136,887	556,820	462,349	137,616	9,434	130,941	120,220	62,197	13,381	1,939
Depreciation	36,107	48,143	64,190	77,684	112,528	113,641	19,318	99,236	71,308	25,672	18,804	25,387	15,369	17,031
Amortisation	0	0	0	0	6,800	6,799	85,660	6,799	0	0	0	0	0	0
Tax	0	0	-29,988	0	-17,958	-96,844	-78,271	-22,091	-1,893	-27,535	-27,688	-14,934	-3,490	-549
Stock	-92,104	-3,973	297,377	817	10,620	4,627	5,636	5,000	16,907	198	1,250	4,511	5,028	22,067
Debtors	-90,011	-99,640	112,878	-161,845	-143,737	6,246	331,259	174,630	78,376	-113,020	179,304	93,807	190,523	307,824
Creditors	-186,749	140,704	143,169	-209,214	-82,151	72,377	134,219	-671,049	285,809	96,674	179,601	41,984	213,541	373,733
Accruals and Deferred Income	47,726	-134,198	-480,617	612,920	-11,018	-371,250	44,114	767,380	0	0	0	0	0	0
Deferred Taxes & Provisions	-9,027	-12,036	4,127	44,016	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	39,891	86,816	-552,141	63,923	278,205	270,670	330,494	138,261	269,375	338,574	110,383	16,316	43,250	62,263
Investing Activities
capital expenditure	0	0	-25,101	1,217,726	-81,069	-169,746	-95,413	-111,576	-982,996	-536,707	-47,428	-12,485	-38,627	-75,377
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-25,101	1,217,726	-81,069	-169,746	-95,413	-111,576	-982,996	-536,707	-47,428	-12,485	-38,627	-75,377
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	-514,420	-109,064	-92,278	-70,445	786,207	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-21,137	-41,574	-23,032	-11,819	-29,096	86,991	-30,419	82,243	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-6,250	-15,000	-15,452	-818,148	705,349	147,595	-6,780	-6,790	-6,791	22,267
share issue	0	0	0	0	0	0	0	0	900	0	0	0	0	100
interest	18,533	4,089	601	-17,969	-42,370	-47,116	-50,398	-27,161	33	177	162	28	41	23
cash flow from financing	-2,604	-37,485	-22,431	-544,208	-186,780	-67,403	-166,714	23,141	706,282	147,772	-6,618	-6,762	-6,750	22,390
cash and cash equivalents
cash	37,287	49,257	-599,599	643,650	25,832	47,486	74,463	108,080	-7,340	-50,361	56,337	-2,931	-2,127	9,276
overdraft	0	-75	75	-93,790	15,476	13,965	6,095	58,254	0	0	0	0	0	0
change in cash	37,287	49,332	-599,674	737,440	10,356	33,521	68,368	49,826	-7,340	-50,361	56,337	-2,931	-2,127	9,276

P&L

June 2023

turnover

5.2m

+1%

operating profit

-30.3k

gross margin

29.3%

-2.77%

turnover

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

Balance Sheet

June 2023

net assets

595.2k

-0.02%

total assets

1.6m

-0.1%

cash

389.3k

+0.11%

net assets

Total assets minus all liabilities

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company number

05392792

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

March 2005

age

accounts

Total Exemption Full

ultimate parent company

TRACE HOLDINGS LIMITED

previous names

N/A

incorporated

address

30-34 north street, hailsham, east sussex, BN27 1DW

last accounts submitted

June 2023

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 4 charges/mortgages relating to airtrace sheet metal limited. Currently there are 2 open charges and 2 have been satisfied in the past.

airtrace sheet metal limited Company Information

airtrace sheet metal limited Estimated Valuation

airtrace sheet metal limited Estimated Valuation

airtrace sheet metal limited Estimated Valuation

Airtrace Sheet Metal Limited AI Business Plan

Airtrace Sheet Metal Limited Overview

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airtrace sheet metal limited Ownership

airtrace sheet metal limited directors

AIRTRACE SHEET METAL LIMITED financials

airtrace sheet metal limited company details

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