Atlantic Electronics Limited

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atlantic electronics limited Company Information

Live

MatureMidHealthy

Company Number

01397862

Website

http://euronics.co.uk

Registered Address

970 north circular road, london, NW2 7JR

Industry

Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

Telephone

02082086999

Next Accounts Due

September 2024

Group Structure

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Directors

Dilip Patel32 Years

Ashwin Patel26 Years

View All

Shareholders

mrs sumatiben k. patel 40%

mr ashwin m. patel 40%

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atlantic electronics limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of ATLANTIC ELECTRONICS LIMITED at £7.3m based on Net Assets of £3.6m and 2.05x industry multiple (adjusted for liquidity).

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Atlantic Electronics Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

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Atlantic Electronics Limited is a live company located in london, NW2 7JR with a Companies House number of 01397862. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in November 1978, it's largest shareholder is mrs sumatiben k. patel with a 40% stake. Atlantic Electronics Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.7m with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £7.7m, make it smaller than the average company (£22.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ATLANTIC ELECTRONICS LIMITED group structure

Atlantic Electronics Limited has 1 subsidiary company.

Ultimate parent company

ATLANTIC ELECTRONICS LIMITED

01397862

1 subsidiary

A & M ELECTRONICS LIMITED

01848416

ATLANTIC ELECTRONICS LIMITED Shareholders

mrs sumatiben k. patel	40%
mr ashwin m. patel	40%
mrs rashnita patel	5%
sejal patel	5%
hitesh patel	5%
mr dilip patel	5%

Atlantic Electronics Limited currently has 5 directors. The longest serving directors include Mr Dilip Patel (May 1992) and Mr Ashwin Patel (Sep 1997).

officer	country	age	start	end	role
Mr Dilip Patel		68 years	May 1992	-	Director
Mr Ashwin Patel	United Kingdom	76 years	Sep 1997	-	Director
Mr Rinesh Patel	England	44 years	Jan 2020	-	Director
Mr Dipesh Patel	United Kingdom	46 years	Jan 2020	-	Director
Mr Dipesh Patel	United Kingdom	46 years	Jan 2020	-	Director

EXPORT

Atlantic Electronics Limited's latest turnover from December 2022 is estimated at £7.7 million and the company has net assets of £3.6 million. According to their latest financial statements, Atlantic Electronics Limited has 32 employees and maintains cash reserves of £299 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,688,485	7,524,081	6,479,855	6,541,891	7,107,682	8,450,953	10,378,584	7,611,609	7,423,653	9,196,876	9,283,635	9,516,471	10,537,698	13,634,962
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,995,889	5,914,739	4,960,677	5,022,774	5,477,358	6,477,545	7,972,056	5,838,774	6,379,400	7,940,373	8,068,603	8,380,491	9,208,601	11,978,927
Gross Profit	1,692,596	1,609,342	1,519,178	1,519,117	1,630,323	1,973,408	2,406,528	1,772,835	1,044,253	1,256,503	1,215,032	1,135,980	1,329,097	1,656,035
Admin Expenses	1,622,363	1,330,938	1,310,434	1,398,989	1,607,159	1,966,369	2,328,978	1,220,917	913,585	1,169,085	1,141,013	1,154,954	1,289,343	1,248,079
Operating Profit	70,233	278,404	208,744	120,128	23,164	7,039	77,550	551,918	130,668	87,418	74,019	-18,974	39,754	407,956
Interest Payable	30,702	18,868	10,917	11,390	7,747	0	72,748	146,204	88,964	94,980	97,746	115,926	93,396	89,368
Interest Receivable	14,588	1,514	373	744	1,317	635	78	122	0	0	6	17	51,845	98
Pre-Tax Profit	54,119	261,049	198,201	109,481	16,733	7,674	4,881	405,836	41,704	-7,562	-23,721	-46,093	-1,797	83,668
Tax	-10,283	-49,599	-37,658	-20,801	-3,179	-1,458	-976	-81,167	-5,694	2,245	-3,232	0	-16,227	-30,960
Profit After Tax	43,836	211,450	160,543	88,680	13,554	6,216	3,905	324,669	36,010	-5,317	-26,953	-46,093	-18,024	52,708
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	43,836	211,450	160,543	88,680	13,554	6,216	3,905	324,669	36,010	-5,317	-26,953	-46,093	-18,024	52,708
Employee Costs	1,536,433	1,333,784	1,196,900	1,185,714	1,339,084	1,127,395	1,155,074	1,218,337	734,139	732,268	720,945	697,338	878,550	870,383
Number Of Employees	32	32	29	29	33	29	31	34	34	34	33	35	39	38
EBITDA*	129,401	309,467	238,909	137,093	36,044	16,446	90,908	574,879	155,001	105,996	101,320	8,259	123,420	494,018

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	304,122	293,000	128,464	117,424	77,988	53,619	2,831,486	2,833,557	2,851,910	4,329,624	4,346,952	4,316,777	2,646,551	3,621,290
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	4,167	9,167	14,167
Investments & Other	1,529,751	1,529,751	1,529,751	1,529,251	1,633,527	1,500,001	1,500,001	1,500,001	1,500,001	1	1	1	911,211	1
Debtors (Due After 1 year)	9,946	19,874	30,072	64,418	0	0	0	0	0	0	0	0	1,084,034	1,084,034
Total Fixed Assets	1,843,819	1,842,625	1,688,287	1,711,093	1,711,515	1,553,620	4,331,487	4,333,558	4,351,911	4,329,625	4,346,953	4,320,945	4,650,963	4,719,492
Stock & work in progress	1,696,353	1,629,036	1,211,710	1,588,571	1,568,253	1,596,682	1,656,089	1,847,328	1,841,497	1,817,363	1,782,307	1,861,824	1,898,056	1,987,440
Trade Debtors	434,492	584,190	643,634	510,391	688,078	1,075,642	1,192,940	710,702	932,533	847,813	980,939	1,070,314	911,848	1,674,967
Group Debtors	389,391	327,929	313,669	0	0	0	0	194,947	162,747	135,635	97,879	0	0	0
Misc Debtors	235,945	27,443	24,257	319,724	0	0	0	151,859	1,130,084	1,118,153	1,157,835	1,244,913	48,094	74,022
Cash	298,975	534,620	676,233	70,665	127,624	223,517	30,459	32,297	16,455	101,182	34,269	132,877	54,222	37,704
misc current assets	129,727	129,727	110,030	110,030	47,602	47,602	47,602	47,602	47,602	40,577	16,157	0	0	0
total current assets	3,184,883	3,232,945	2,979,533	2,599,381	2,721,713	2,943,443	2,927,090	2,984,735	4,130,918	4,060,723	4,069,386	4,309,928	2,912,220	3,774,133
total assets	5,028,702	5,075,570	4,667,820	4,310,474	4,433,228	4,497,063	7,258,577	7,318,293	8,482,829	8,390,348	8,416,339	8,630,873	7,563,183	8,493,625
Bank overdraft	88,397	73,644	0	107,921	229,551	0	0	664,484	624,363	473,210	523,628	548,467	401,996	988,543
Bank loan	0	0	0	0	0	0	0	0	0	151,314	151,314	151,314	3,209,875	202,444
Trade Creditors	767,197	824,155	681,561	594,370	727,828	1,391,382	2,344,626	953,665	1,110,191	967,796	837,990	1,123,183	780,760	1,495,117
Group/Directors Accounts	231,728	231,728	231,728	231,728	231,728	0	0	231,728	231,728	232,120	242,713	6,897	9,970	16,453
other short term finances	0	0	0	0	0	0	0	0	0	275,500	215,500	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	11,613	13,629	13,629
other current liabilities	125,787	98,308	145,313	174,700	0	0	0	516,147	446,781	107,952	100,782	268,853	151,458	179,381
total current liabilities	1,213,109	1,227,835	1,058,602	1,108,719	1,317,073	1,391,382	2,344,626	2,366,024	2,413,063	2,207,892	2,071,927	2,110,327	4,567,688	2,895,567
loans	204,169	280,147	250,000	0	0	0	0	1,663,441	1,546,287	1,697,601	1,848,915	1,998,248	0	2,567,830
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	11,613	25,242
Accruals and Deferred Income	0	0	0	0	0	0	0	51,590	54,670	57,750	60,830	0	0	70,070
other liabilities	33,110	33,110	36,190	39,270	42,350	45,430	1,672,808	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	155,759	2,827	5,072	1,840	1,840	1,840
total long term liabilities	237,279	313,257	286,190	39,270	42,350	45,430	1,672,808	1,715,031	1,756,716	1,758,178	1,914,817	2,000,088	13,453	2,664,982
total liabilities	1,450,388	1,541,092	1,344,792	1,147,989	1,359,423	1,436,812	4,017,434	4,081,055	4,169,779	3,966,070	3,986,744	4,110,415	4,581,141	5,560,549
net assets	3,578,314	3,534,478	3,323,028	3,162,485	3,073,805	3,060,251	3,241,143	3,237,238	4,313,050	4,424,278	4,429,595	4,520,458	2,982,042	2,933,076
total shareholders funds	3,578,314	3,534,478	3,323,028	3,162,485	3,073,805	3,060,251	3,241,143	3,237,238	4,313,050	4,424,278	4,429,595	4,520,458	2,982,042	2,933,076

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	70,233	278,404	208,744	120,128	23,164	7,039	77,550	551,918	130,668	87,418	74,019	-18,974	39,754	407,956
Depreciation	59,168	31,063	30,165	16,965	12,880	9,407	13,358	22,961	24,333	18,578	23,134	22,233	78,666	81,062
Amortisation	0	0	0	0	0	0	0	0	0	0	4,167	5,000	5,000	5,000
Tax	-10,283	-49,599	-37,658	-20,801	-3,179	-1,458	-976	-81,167	-5,694	2,245	-3,232	0	-16,227	-30,960
Stock	67,317	417,326	-376,861	20,318	-28,429	-59,407	-191,239	5,831	24,134	35,056	-79,517	-36,232	-89,384	1,987,440
Debtors	110,338	-52,196	117,099	-187,977	6,868	-117,298	135,432	-1,167,856	123,763	-135,052	-78,574	271,251	-789,047	2,833,023
Creditors	-56,958	142,594	87,191	-133,458	-663,554	-953,244	1,390,961	-156,526	142,395	129,806	-285,193	342,423	-714,357	1,495,117
Accruals and Deferred Income	27,479	-47,005	-29,387	174,700	0	0	-567,737	66,286	335,749	4,090	-107,241	117,395	-97,993	249,451
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-155,759	152,932	-2,245	3,232	0	0	1,840
Cash flow from operations	-88,016	-9,673	518,817	325,193	-609,128	-761,551	968,963	1,409,738	632,486	339,888	-133,023	233,058	173,274	-2,610,997
Investing Activities
capital expenditure	-70,290	-195,599	-41,205	-56,401	-37,249	2,768,460	-11,287	-4,608	-53,644	-25,670	-53,309	895,130	-15,137	-35,119
Change in Investments	0	0	500	-104,276	133,526	0	0	0	1,500,000	0	0	-911,210	911,210	1
cash flow from investments	-70,290	-195,599	-41,705	47,875	-170,775	2,768,460	-11,287	-4,608	-1,553,644	-25,670	-53,309	1,806,340	-926,347	-35,120
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-151,314	0	0	-3,058,561	3,007,431	202,444
Group/Directors Accounts	0	0	0	0	231,728	0	-231,728	0	-392	-10,593	235,816	-3,073	-6,483	16,453
Other Short Term Loans	0	0	0	0	0	0	0	0	-275,500	60,000	215,500	0	0	0
Long term loans	-75,978	30,147	250,000	0	0	0	-1,663,441	117,154	-151,314	-151,314	-149,333	1,998,248	-2,567,830	2,567,830
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	-11,613	-13,629	-13,629	38,871
other long term liabilities	0	-3,080	-3,080	-3,080	-3,080	-1,627,378	1,672,808	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-187,108	0	-1,400,481	-147,238	0	-63,910	1,584,509	66,990	2,880,368
interest	-16,114	-17,354	-10,544	-10,646	-6,430	635	-72,670	-146,082	-88,964	-94,980	-97,740	-115,909	-41,551	-89,270
cash flow from financing	-92,092	9,713	236,376	-13,726	222,218	-1,813,851	-295,031	-1,429,409	-814,722	-196,887	128,720	391,585	444,928	5,616,696
cash and cash equivalents
cash	-235,645	-141,613	605,568	-56,959	-95,893	193,058	-1,838	15,842	-84,727	66,913	-98,608	78,655	16,518	37,704
overdraft	14,753	73,644	-107,921	-121,630	229,551	0	-664,484	40,121	151,153	-50,418	-24,839	146,471	-586,547	988,543
change in cash	-250,398	-215,257	713,489	64,671	-325,444	193,058	662,646	-24,279	-235,880	117,331	-73,769	-67,816	603,065	-950,839

P&L

December 2022

turnover

7.7m

+2%

operating profit

70.2k

gross margin

22.1%

+2.92%

turnover

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

Balance Sheet

December 2022

net assets

3.6m

+0.01%

total assets

-0.01%

cash

299k

-0.44%

net assets

Total assets minus all liabilities

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company number

01397862

Type

Private limited with Share Capital

industry

46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.

incorporation date

November 1978

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

970 north circular road, london, NW2 7JR

last accounts submitted

December 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 found 21 charges/mortgages relating to atlantic electronics limited. Currently there are 8 open charges and 13 have been satisfied in the past.

atlantic electronics limited Company Information

atlantic electronics limited Estimated Valuation

atlantic electronics limited Estimated Valuation

atlantic electronics limited Estimated Valuation

Atlantic Electronics Limited AI Business Plan

Atlantic Electronics Limited Overview

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ATLANTIC ELECTRONICS LIMITED financials

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