Airsource Ventilation Limited

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airsource ventilation limited Company Information

Live

EstablishedSmallDeclining

Company Number

07391720

Website

https://www.air-source.net

Registered Address

unit b1 lyntown trading estate, lynwell road eccles, manchester, M30 9QG

Industry

Manufacture of non-domestic cooling and ventilation equipment

Telephone

01617898290

Next Accounts Due

June 2024

Group Structure

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Directors

Andrew Pinchbeck13 Years

Alexander Pinchbeck13 Years

Shareholders

alexander pinchbeck 45.5%

andrew david pinchbeck 45.5%

View All

airsource ventilation limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of AIRSOURCE VENTILATION LIMITED at £5.7m based on Net Assets of £1.9m and 2.96x industry multiple (adjusted for liquidity).

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Airsource Ventilation Limited is a live company located in manchester, M30 9QG with a Companies House number of 07391720. It operates in the manufacture of non-domestic cooling and ventilation equipment sector, SIC Code 28250. Founded in September 2010, it's largest shareholder is alexander pinchbeck with a 45.5% stake. Airsource Ventilation Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

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

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £3.1m, make it smaller than the average company (£16.2m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (-0.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AIRSOURCE VENTILATION LIMITED group structure

Airsource Ventilation Limited has no subsidiary companies.

Ultimate parent company

AIRSOURCE VENTILATION LIMITED

07391720

AIRSOURCE VENTILATION LIMITED Shareholders

alexander pinchbeck	45.45%
andrew david pinchbeck	45.45%
sandra pinchbeck	4.55%
vanessa pinchbeck	4.55%

Airsource Ventilation Limited currently has 2 directors. The longest serving directors include Mr Andrew Pinchbeck (Sep 2010) and Mr Alexander Pinchbeck (Sep 2010).

officer	country	age	start	end	role
Mr Andrew Pinchbeck		53 years	Sep 2010	-	Director
Mr Alexander Pinchbeck		50 years	Sep 2010	-	Director

EXPORT

Airsource Ventilation Limited's latest turnover from September 2022 is estimated at £3.1 million and the company has net assets of £1.9 million. According to their latest financial statements, Airsource Ventilation Limited has 29 employees and maintains cash reserves of £1.6 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
Turnover	3,087,241	3,278,510	3,338,588	3,669,257	3,872,365	3,709,269	3,155,851	3,459,221	4,461,942	3,470,142	2,966,583	1,424,826
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,125,076	2,285,465	2,274,117	2,627,816	2,810,705	2,621,791	2,272,530	2,432,714	3,217,343	2,494,357	2,133,779	1,022,889
Gross Profit	962,165	993,045	1,064,471	1,041,441	1,061,659	1,087,478	883,321	1,026,508	1,244,599	975,785	832,805	401,937
Admin Expenses	732,503	641,134	926,883	754,095	1,036,916	746,460	586,716	693,276	640,723	828,958	696,589	291,678
Operating Profit	229,662	351,911	137,588	287,346	24,743	341,018	296,605	333,232	603,876	146,827	136,216	110,259
Interest Payable	4,206	1,632	0	0	0	0	0	0	0	0	0	0
Interest Receivable	34,275	1,436	1,452	9,917	9,829	3,687	3,087	3,957	2,170	1,231	654	160
Pre-Tax Profit	259,732	351,715	139,041	297,263	34,572	344,705	299,693	337,189	606,046	148,057	136,870	110,419
Tax	-49,349	-66,826	-26,418	-56,480	-6,569	-65,494	-59,938	-67,438	-127,270	-34,053	-32,849	-28,709
Profit After Tax	210,383	284,889	112,623	240,783	28,003	279,211	239,754	269,751	478,776	114,004	104,021	81,710
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	210,383	284,889	112,623	240,783	28,003	279,211	239,754	269,751	478,776	114,004	104,021	81,710
Employee Costs	1,184,869	1,614,316	1,570,887	1,585,656	1,515,973	1,624,002	1,252,964	1,029,027	1,240,614	996,846	824,861	370,047
Number Of Employees	29	40	40	40	41	45	35	28	36	30	25	12
EBITDA*	259,899	389,324	181,381	337,534	83,323	394,157	351,137	390,786	634,331	164,107	148,064	116,427

* 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
Tangible Assets	188,564	199,129	231,619	268,648	306,465	313,172	288,475	332,913	379,127	146,521	77,377	58,637
Intangible Assets	344	344	344	344	344	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	188,908	199,473	231,963	268,992	306,809	313,172	288,475	332,913	379,127	146,521	77,377	58,637
Stock & work in progress	374,919	186,009	260,217	255,867	200,405	196,027	250,899	213,810	64,668	64,736	37,420	56,916
Trade Debtors	598,214	643,393	679,741	803,412	1,005,840	794,698	553,128	639,940	1,178,394	793,578	772,761	354,522
Group Debtors	0	0	382	0	0	0	0	0	0	0	0	0
Misc Debtors	30,324	23,489	53,998	24,569	0	24,319	0	0	0	0	0	0
Cash	1,566,397	1,480,300	1,391,327	1,513,198	1,131,368	1,489,583	1,460,288	1,009,436	573,253	294,666	197,568	64,055
misc current assets	90	3	0	0	0	0	0	0	0	0	0	0
total current assets	2,569,944	2,333,194	2,385,665	2,597,046	2,337,613	2,504,627	2,264,315	1,863,186	1,816,315	1,152,980	1,007,749	475,493
total assets	2,758,852	2,532,667	2,617,628	2,866,038	2,644,422	2,817,799	2,552,790	2,196,099	2,195,442	1,299,501	1,085,126	534,130
Bank overdraft	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
Trade Creditors	547,767	426,820	313,629	468,446	422,002	514,993	556,107	1,147,804	1,406,286	999,733	899,362	452,390
Group/Directors Accounts	45	3,473	0	301,752	406,750	406,750	406,750	0	0	0	0	0
other short term finances	3,761	3,516	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
other current liabilities	227,468	324,106	355,269	259,794	220,407	328,796	301,884	0	0	0	0	0
total current liabilities	779,041	757,915	668,898	1,029,992	1,049,159	1,250,539	1,264,741	1,147,804	1,406,286	999,733	899,362	452,390
loans	44,676	50,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	10,612	0	0	0
provisions	0	0	61	0	0	0	0	0	0	0	0	0
total long term liabilities	44,676	50,000	61	0	0	0	0	0	10,612	0	0	0
total liabilities	823,717	807,915	668,959	1,029,992	1,049,159	1,250,539	1,264,741	1,147,804	1,416,898	999,733	899,362	452,390
net assets	1,935,135	1,724,752	1,948,669	1,836,046	1,595,263	1,567,260	1,288,049	1,048,295	778,544	299,768	185,764	81,740
total shareholders funds	1,935,135	1,724,752	1,948,669	1,836,046	1,595,263	1,567,260	1,288,049	1,048,295	778,544	299,768	185,764	81,740

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Operating Activities
Operating Profit	229,662	351,911	137,588	287,346	24,743	341,018	296,605	333,232	603,876	146,827	136,216	110,259
Depreciation	30,237	37,413	43,793	50,188	58,580	53,139	54,532	57,554	30,455	17,280	11,848	6,168
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-49,349	-66,826	-26,418	-56,480	-6,569	-65,494	-59,938	-67,438	-127,270	-34,053	-32,849	-28,709
Stock	188,910	-74,208	4,350	55,462	4,378	-54,872	37,089	149,142	-68	27,316	-19,496	56,916
Debtors	-38,344	-67,239	-93,860	-177,859	186,823	265,889	-86,812	-538,454	384,816	20,817	418,239	354,522
Creditors	120,947	113,191	-154,817	46,444	-92,991	-41,114	-591,697	-258,482	406,553	100,371	446,972	452,390
Accruals and Deferred Income	-96,638	-31,163	95,475	39,387	-108,389	26,912	301,884	0	0	0	0	0
Deferred Taxes & Provisions	0	-61	61	0	0	0	0	0	0	0	0	0
Cash flow from operations	84,293	545,912	185,192	489,282	-315,827	103,444	51,109	454,178	528,866	182,292	163,444	128,670
Investing Activities
capital expenditure	-19,672	-4,923	-6,764	-12,371	-52,217	-77,836	-10,094	-11,340	-263,061	-86,424	-30,588	-64,805
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-19,672	-4,923	-6,764	-12,371	-52,217	-77,836	-10,094	-11,340	-263,061	-86,424	-30,588	-64,805
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-3,428	3,473	-301,752	-104,998	0	0	406,750	0	0	0	0	0
Other Short Term Loans	245	3,516	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,324	50,000	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
other long term liabilities	0	0	0	0	0	0	0	-10,612	10,612	0	0	0
share issue	0	-508,806	0	0	0	0	0	0	0	0	3	30
interest	30,069	-196	1,452	9,917	9,829	3,687	3,087	3,957	2,170	1,231	654	160
cash flow from financing	21,562	-452,013	-300,300	-95,081	9,829	3,687	409,837	-6,655	12,782	1,231	657	190
cash and cash equivalents
cash	86,097	88,973	-121,871	381,830	-358,215	29,295	450,852	436,183	278,587	97,098	133,513	64,055
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	86,097	88,973	-121,871	381,830	-358,215	29,295	450,852	436,183	278,587	97,098	133,513	64,055

P&L

September 2022

turnover

3.1m

-6%

operating profit

229.7k

gross margin

31.2%

+2.89%

turnover

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

Balance Sheet

September 2022

net assets

1.9m

+0.12%

total assets

2.8m

+0.09%

cash

1.6m

+0.06%

net assets

Total assets minus all liabilities

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company number

07391720

Type

Private limited with Share Capital

industry

28250 - Manufacture of non-domestic cooling and ventilation equipment

incorporation date

September 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit b1 lyntown trading estate, lynwell road eccles, manchester, M30 9QG

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 airsource ventilation limited.

airsource ventilation limited Company Information

airsource ventilation limited Estimated Valuation

airsource ventilation limited Estimated Valuation

airsource ventilation limited Estimated Valuation

Airsource Ventilation Limited AI Business Plan

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