airconstruct (contracts) ltd
airconstruct (contracts) ltd Company Information
Company Number
09003898
Website
www.airconstruct.co.ukRegistered Address
a c m house littleton drive, cannock, WS12 4TS
Industry
Plumbing, heat and air-conditioning installation
Telephone
01543572300
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
airconstruct (management) ltd 100%
airconstruct (contracts) ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRCONSTRUCT (CONTRACTS) LTD at £3.9m based on a Turnover of £8.2m and 0.47x industry multiple (adjusted for size and gross margin).
airconstruct (contracts) ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRCONSTRUCT (CONTRACTS) LTD at £0 based on an EBITDA of £-3.5k and a 5.39x industry multiple (adjusted for size and gross margin).
airconstruct (contracts) ltd Estimated Valuation
Pomanda estimates the enterprise value of AIRCONSTRUCT (CONTRACTS) LTD at £1.6m based on Net Assets of £501.7k and 3.25x industry multiple (adjusted for liquidity).
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Airconstruct (contracts) Ltd Overview
Airconstruct (contracts) Ltd is a live company located in cannock, WS12 4TS with a Companies House number of 09003898. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in April 2014, it's largest shareholder is airconstruct (management) ltd with a 100% stake. Airconstruct (contracts) Ltd is a established, mid sized company, Pomanda has estimated its turnover at £8.2m with high growth in recent years.
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Airconstruct (contracts) Ltd Health Check
Pomanda's financial health check has awarded Airconstruct (Contracts) Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £8.2m, make it larger than the average company (£292.9k)
- Airconstruct (contracts) Ltd
£292.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (5.1%)
- Airconstruct (contracts) Ltd
5.1% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)
- Airconstruct (contracts) Ltd
28.3% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (6.3%)
- Airconstruct (contracts) Ltd
6.3% - Industry AVG
Employees
with 17 employees, this is above the industry average (3)
17 - Airconstruct (contracts) Ltd
3 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
- Airconstruct (contracts) Ltd
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £480.1k, this is more efficient (£108k)
- Airconstruct (contracts) Ltd
£108k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (55 days)
- Airconstruct (contracts) Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (47 days)
- Airconstruct (contracts) Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Airconstruct (contracts) Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (19 weeks)
10 weeks - Airconstruct (contracts) Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.7%, this is a higher level of debt than the average (61.2%)
79.7% - Airconstruct (contracts) Ltd
61.2% - Industry AVG
airconstruct (contracts) ltd Credit Report and Business Information
Airconstruct (contracts) Ltd Competitor Analysis
Perform a competitor analysis for airconstruct (contracts) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
airconstruct (contracts) ltd Ownership
AIRCONSTRUCT (CONTRACTS) LTD group structure
Airconstruct (Contracts) Ltd has no subsidiary companies.
Ultimate parent company
1 parent
AIRCONSTRUCT (CONTRACTS) LTD
09003898
airconstruct (contracts) ltd directors
Airconstruct (Contracts) Ltd currently has 4 directors. The longest serving directors include Mr Nigel Tongue (Apr 2014) and Mr Mohammed Islam (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Tongue | 54 years | Apr 2014 | - | Director | |
| Mr Mohammed Islam | England | 58 years | Apr 2014 | - | Director |
| Mr Nicolas Liptrot | Great Britain | 40 years | Apr 2014 | - | Director |
| Mr Simon Beech | England | 42 years | Jun 2016 | - | Director |
AIRCONSTRUCT (CONTRACTS) LTD financials
Airconstruct (Contracts) Ltd's latest turnover from May 2023 is estimated at £8.2 million and the company has net assets of £501.7 thousand. According to their latest financial statements, Airconstruct (Contracts) Ltd has 17 employees and maintains cash reserves of £383.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 17 | 16 | 16 | 16 | 16 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,710 | 28,982 | 39,298 | 6,069 | 7,701 | 10,268 | 11,590 | 15,454 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 21,710 | 28,982 | 39,298 | 6,069 | 7,701 | 10,268 | 11,590 | 15,454 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,803,119 | 2,004,457 | 1,325,140 | 912,176 | 1,323,179 | 1,066,158 | 1,649,188 | 734,984 | 1,473,574 |
| Group Debtors | 0 | 0 | 105,326 | 144,447 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 259,319 | 278,002 | 98,426 | 20,459 | 0 | 0 | 480 | 51,666 | 0 |
| Cash | 383,310 | 344,085 | 293,896 | 432,709 | 595,310 | 596,358 | 337,963 | 601,400 | 196,921 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,445,748 | 2,626,544 | 1,822,788 | 1,509,791 | 1,918,489 | 1,662,516 | 1,987,631 | 1,388,050 | 1,670,495 |
| total assets | 2,467,458 | 2,655,526 | 1,862,086 | 1,515,860 | 1,926,190 | 1,672,784 | 1,999,221 | 1,403,504 | 1,670,495 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,398,647 | 1,464,285 | 1,153,827 | 752,413 | 1,044,724 | 744,026 | 1,450,210 | 855,397 | 1,296,572 |
| Group/Directors Accounts | 336,774 | 328,674 | 0 | 0 | 69,381 | 298,054 | 2,674 | 349,999 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 226,204 | 359,536 | 227,114 | 306,649 | 373,084 | 229,136 | 188,746 | 51,819 | 0 |
| total current liabilities | 1,961,625 | 2,152,495 | 1,380,941 | 1,059,062 | 1,487,189 | 1,271,216 | 1,641,630 | 1,257,215 | 1,296,572 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,125 | 5,507 | 4,777 | 1,153 | 1,463 | 1,951 | 2,202 | 3,091 | 0 |
| total long term liabilities | 4,125 | 5,507 | 4,777 | 1,153 | 1,463 | 1,951 | 2,202 | 3,091 | 0 |
| total liabilities | 1,965,750 | 2,158,002 | 1,385,718 | 1,060,215 | 1,488,652 | 1,273,167 | 1,643,832 | 1,260,306 | 1,296,572 |
| net assets | 501,708 | 497,524 | 476,368 | 455,645 | 437,538 | 399,617 | 355,389 | 143,198 | 373,923 |
| total shareholders funds | 501,708 | 497,524 | 476,368 | 455,645 | 437,538 | 399,617 | 355,389 | 143,198 | 373,923 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 7,272 | 9,713 | 13,211 | 2,071 | 2,567 | 3,422 | 3,864 | 5,151 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -220,021 | 753,567 | 451,810 | -246,097 | 257,021 | -583,510 | 863,018 | -686,924 | 1,473,574 |
| Creditors | -65,638 | 310,458 | 401,414 | -292,311 | 300,698 | -706,184 | 594,813 | -441,175 | 1,296,572 |
| Accruals and Deferred Income | -133,332 | 132,422 | -79,535 | -66,435 | 143,948 | 40,390 | 136,927 | 51,819 | 0 |
| Deferred Taxes & Provisions | -1,382 | 730 | 3,624 | -310 | -488 | -251 | -889 | 3,091 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,100 | 328,674 | 0 | -69,381 | -228,673 | 295,380 | -347,325 | 349,999 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 39,225 | 50,189 | -138,813 | -162,601 | -1,048 | 258,395 | -263,437 | 404,479 | 196,921 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 39,225 | 50,189 | -138,813 | -162,601 | -1,048 | 258,395 | -263,437 | 404,479 | 196,921 |
P&L
May 2023turnover
8.2m
-4%
operating profit
-10.8k
0%
gross margin
28.3%
-5.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
501.7k
+0.01%
total assets
2.5m
-0.07%
cash
383.3k
+0.11%
net assets
Total assets minus all liabilities
airconstruct (contracts) ltd company details
company number
09003898
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
April 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
airconstruct contracts ltd (May 2014)
incorporated
UK
address
a c m house littleton drive, cannock, WS12 4TS
last accounts submitted
May 2023
airconstruct (contracts) ltd 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 airconstruct (contracts) ltd.
airconstruct (contracts) ltd Companies House Filings - See Documents
| date | description | view/download |
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