Airflow Developments Limited

Target status: ✓

Upload date: 28/03/2019

Last updated on: 03/11/2020

Who are the important people in the company?

• Herr Gunther Martin Rolf Mueller
Correspondence address
34 Kronenstrasse 34, 78054 Villingen- Schwenningen, Germany
Date of birth: May 1968
Nationality:Austrian
Nature of control: Has significant influence or control
Country of residence: Germany
Occupation: Director

• Herr Jurgen Mueller
Correspondence address
34 Kronenstrasse, Villingen-Schwenningen, Germany
Date of birth: April 1967
Nationality: Austrian
Nature of control: Ownership of shares – More than 25% but not more than 50% as a member of a firm
Country of residence: Germany
Occupation: Director

• Alan Siggins
Date of birth: August 1965
Nationality: British
Country of residence: England
Occupation: Director

What is the structure of the company?

Ultimate parent company: Airflow Development Limited

Brands

Loovent: Centrifugal extract fans
iCON: Patented iris shutter extract fans
QuietAir: Low noise extract fans
Duplexvent: Ventilation with heat recovery systems

• Statement of Capital (Share Capital)
Class of Shares: ORDINARY
Currency: GBP
Number Allotted: 52380
Aggregate nominal value: 52380
Amount paid per share: 1
Amount unpaid per share: 0

• Class of Shares: Preference Shares
Currency: GBP
Number Allotted: 2800000
Aggregate nominal value: 2800000
Amount paid per share: 1
Amount unpaid per share: 0

• Statement of Capital (Total)
Currency: GBP
Number Allotted: 2852380
Aggregate nominal value: 2852380

• Full Details of Shareholders

Shareholding 1: 52380 Ordinary – shares held as at the date of this return
Name: TOP AIR AG

Shareholding 2: 2800000 Preference Shares – shares held as at the date of this return
Name: TOP AIR AG

What is the prospect’s strategy and ambitions?

Strategy

• The company develops new products to extend its range and also to meet new, stringent building regulations.
• Recent investments have been made in people, products, facilities and marketing will lead to increased market share and sales.
• The company sources many of its components in US dollars and Euros and is therefore at risk of adverse exchange rate movements, this is considered to be a key risk/ uncertainty that the company faces. The directors manage this risk by hedging and invoicing its export customers in these currencies.
• Airflow Developments Limited sells its products through resellers and online.

Specialties

Heat Recovery, Extractor Fans, Continuous ventilation, ErP Ecodesign, Industrial Fans, Commercial Fans, Residential Fans, Ventilation accessories, Residential MVHR, Ducting, Commercial MVHR, dMEV, RIBA CPD, CIBSE CPD, NICEIC Training, BIM, Flue dilution, MEV

Ambitions

Provide energy efficient and reliable products backed by our commitment to quality and customer service which will continue for many years to come.

Who are the prospect's customers?

Market sectors

Private House Builders
Sheltered Housing
Decent Homes
Schools and Colleges
Self-Builders
Key Worker and Student Accommodation
Social Housing

Case studies

• Shakespeare Road Medical Centre – Rotherham

• Science Museum – Wroughton

• Old Kent Road – Dover

• Saffron Acres – Leicester

What does the prospect consider important for its customers?

• To support their customers making their home a sanitary and healthier place to live in with their families.
The welcoming environment helps children feel at home while parents get the 5-star luxury they deserve.
• It is important the hotels’ customers to enjoy the restaurants’ food without having to leave.

YouTube

Video 1: How air pollution is affecting our homes
Airflow helps people taking control of their indoor air even when they are away, saving energy, protecting their health and wellbeing and delivering a healthy environment.

Video 2: A Healthier Home Equals A Healthier Life
Airflow helps its customers discover how they can make their home a healthier place to live for them and their family with effective ventilation

Who are the prospect's staff?

The average monthly number of persons (including directors) employed by the group and company during 2019 was 115 (2018: 109).

Manufacturing: 18
Non-manufacturing: 97

2019
Wages and Salaries: 4,902,303
Social security costs: 207,089
Pension costs: 693,118

Retirement benefits: Defined Contribution Plan

Employee reviews

GLASSDOOR

1. 29 January 2020
Current Contractor – Production and Warehouse Member in High Wycombe, England
“I have been working at Airflow Developments for less than a year

Pros
Everyone was friendly and approachable, the MD and Ops director along with many others took time out to talk to me and ask how things were going. I need to praise the warehouse staff, engineering department and production team for making me feel so welcome…. there are many more people I would wish to thank but it’s too long to list individually, they know who hey are. Thank you Airflow.

Cons
Wages were not great but I worked for an agent so got what was expected.

Advice to Management
Please look after the people you have, they are awesome, I wish I could have come onboard full time but unfortunately that was not to be. You could be on to something great with what you have at HW”

1. 20 Nov 2018
Current Employee – Technical Sales Engineer in High Wycombe, England
“I have been working at Airflow Developments full-time (Less than a year)

Pros
Excellent relationships between staff, Tolerable management perspective, (some are actually excellent, but you have to have worked with truly bad management to appreciate this ) reasonable salary , KPI targets largely achievable… it would be a bit pointless if it was too easy…..

Cons
over time might be nice, but only where workload and timescale demands, not just because you turn up early or leave late . Inherited flaws in process and approach are hard to resolve quickly. (but at least are looked at when recognized and documented sensibly )”

2.3 Mar 2019
Former Employee – Anonymous Employee
“Doesn’t Recommend
Negative Outlook
Disapproves of CEO
I worked at Airflow Developments full-time

Pros
They have good setup of wind tunnels and practical work.

Cons
Childlike behaviour from management team and extremely rude.”

3.12 Jul 2018
Current Employee – Anonymous Employee
“Neutral Outlook
No opinion of CEO
I have been working at Airflow Developments full-time (More than a year)

Pros
General office and warehouse staff are all nice

Cons
Bad pay and expected to work long hours”

4.9 Jan 2017 Helpful (3)
Airflow Developments Logo
“Good People, but…”

Former Employee – Anonymous Employee
“Doesn’t Recommend
Negative Outlook
I worked at Airflow Developments full-time

Pros
The office and warehouse teams are great. Nice people that are helpful and generally kind to one another. Modern offices that are in decent repair. Great IT department keeps software up-to-date, constantly monitoring and maintaining the servers. Engineering team is a great group of people working to improve the products and create new ones.

Cons
There is a distinct culture of bullying from the top down.
Top management are often rude and overbearing to their employees. They assign blame quickly without knowing all of the facts. It is apparent that only their opinions matter, and the rest of the staff must fall in line or face termination.
Top management often fail to correct problems that come from department heads or team leaders, instead placing blame on the rest of the employees.
The office and warehouse teams are overworked and underpaid, as they deserve much more credit and appreciation than they get for their efforts.
Office and warehouse employees are not paid enough for their efforts, knowledge, or experience, with little to no improvement or increase over time. There is no overtime pay, despite how many hours put in.
There is very little promotion from within. Outside hires often come in without product or procedure knowledge, putting a great burden on the teams they are over.
The system of Key Performance Indicators is often misleading, unfair, and weighted to reflect too much extra work for too little reward. If one thing is missed, the entire KPI line item is lost, rather than providing a percentage to reflect the actual work and effort.

Advice to Management
The workplace has an obligation to provide its employees with as much of a stress free environment as possible, by law.
As such, the management style needs a complete overhaul. Profanity and bullying have no place in a good office environment.
Rather than rule by shouting or intimidation, lead by good example and encourage your employees to be their best.”

What are the prospect’s unique selling points (USPs)?

64 years of expertise
Low cost solutions
The Group provides innovative, quality products backed by in-built reliability and developed by experts in air movement who manufacture to the stringent requirements of ISO9001 and ISO14001
Their products are easy to use and environment friendly, as they contribute to a low carbon future.
The company also provides an extensive range of training services for architects, M&E consultants, house builders, electricians, contractors and installers. These services are regularly held at the Airflow Air Academy.

Certificates