Altaroute Limited

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altaroute limited Company Information

Live

MatureSmallLow

Company Number

01381677

Website

www.altaroute.com

Registered Address

10 north road, yate, bristol, BS37 7PA

Industry

Manufacture of metal structures and parts of structures

Telephone

01454311475

Next Accounts Due

August 2025

Group Structure

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Directors

Brian Hobbs24 Years

James Hobbs23 Years

Shareholders

findlay associates ltd 50%

bribex ltd 50%

altaroute limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of ALTAROUTE LIMITED at £3.1m based on Net Assets of £1.6m and 1.94x industry multiple (adjusted for liquidity).

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Altaroute Limited is a live company located in bristol, BS37 7PA with a Companies House number of 01381677. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in August 1978, it's largest shareholder is findlay associates ltd with a 50% stake. Altaroute Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.

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Pomanda's financial health check has awarded Altaroute Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £1m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.4%)

EXPORT

Altaroute Limited's latest turnover from November 2023 is estimated at £1 million and the company has net assets of £1.6 million. According to their latest financial statements, Altaroute Limited has 8 employees and maintains cash reserves of £3.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	1,015,564	1,081,356	980,141	993,162	1,100,734	1,065,023	1,206,083	1,215,538	1,171,758	1,152,903	1,299,119	1,204,854	1,442,697	1,503,089	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	838,916	913,997	833,185	834,476	919,577	878,269	982,286	971,898	939,278	928,323	1,046,503	972,998	1,177,805	1,192,594	0
Gross Profit	176,648	167,359	146,957	158,686	181,157	186,755	223,798	243,639	232,480	224,580	252,616	231,856	264,892	310,496	0
Admin Expenses	123,637	94,311	93,800	92,624	116,268	127,154	174,876	209,569	179,007	204,895	193,798	165,472	214,951	255,261	-314,806
Operating Profit	53,011	73,048	53,157	66,062	64,889	59,601	48,922	34,070	53,473	19,685	58,818	66,384	49,941	55,235	314,806
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	193	340	27	32	393	314	29	22	32	0	0	0	0	0	0
Pre-Tax Profit	53,204	73,388	53,184	66,094	65,283	59,915	48,951	34,091	53,505	19,685	58,818	66,384	49,941	55,235	314,806
Tax	-13,301	-13,944	-10,105	-12,558	-12,404	-11,384	-9,301	-6,818	-10,701	-4,134	-13,528	-15,932	-12,985	-15,466	-88,146
Profit After Tax	39,903	59,444	43,079	53,536	52,879	48,531	39,650	27,273	42,804	15,551	45,290	50,452	36,956	39,769	226,660
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,903	59,444	43,079	53,536	52,879	48,531	39,650	27,273	42,804	15,551	45,290	50,452	36,956	39,769	226,660
Employee Costs	339,271	348,102	368,649	366,472	334,333	319,935	244,840	208,164	198,415	197,600	223,234	223,764	279,270	304,126	0
Number Of Employees	8	9	10	10	9	9	7	6	6	6	7	7	9	10	0
EBITDA*	54,217	76,529	56,157	69,018	68,026	63,292	51,705	38,243	58,468	24,848	65,910	72,231	58,982	60,705	319,756

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1,467,372	1,437,162	1,408,163	1,370,450	1,346,743	1,338,671	1,334,151	1,320,859	1,307,888	1,295,037	1,268,047	1,250,747	1,186,830	1,141,714	1,128,963
Intangible Assets	6,448	6,971	7,661	8,528	9,648	10,859	12,235	12,950	13,773	14,912	15,997	18,553	23,156	0	0
Investments & Other	0	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	0
Total Fixed Assets	1,473,820	1,444,133	1,415,824	1,378,978	1,356,391	1,349,530	1,346,386	1,333,809	1,321,661	1,309,949	1,284,044	1,269,300	1,209,986	1,141,714	1,128,963
Stock & work in progress	168,224	144,859	151,980	105,907	117,235	131,265	165,300	197,620	213,662	294,556	324,605	313,221	309,448	332,406	301,552
Trade Debtors	403,156	473,924	453,165	412,305	472,100	430,672	470,652	446,230	426,108	386,443	415,336	393,562	507,881	518,203	650,581
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	3,567	4,165	18,483	34,731	28,336	76,531	7,263	4,385	12,980	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	574,947	622,948	623,628	552,943	617,671	638,468	643,215	648,235	652,750	680,999	739,941	706,783	817,329	850,609	952,133
total assets	2,048,767	2,067,081	2,039,452	1,931,921	1,974,062	1,987,998	1,989,601	1,982,044	1,974,411	1,990,948	2,023,985	1,976,083	2,027,315	1,992,323	2,081,096
Bank overdraft	0	0	0	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	0	0	0
Trade Creditors	79,206	107,706	73,206	102,305	154,902	185,263	171,965	172,102	165,662	173,668	193,205	159,518	211,346	201,330	301,668
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	79,206	107,706	73,206	102,305	154,902	185,263	171,965	172,102	165,662	173,668	193,205	159,518	211,346	201,330	301,668
loans	0	0	0	0	0	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	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	365,736	395,453	461,768	368,217	411,297	447,751	511,183	543,139	569,219	620,554	649,605	680,680	730,536	758,740	786,944
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	365,736	395,453	461,768	368,217	411,297	447,751	511,183	543,139	569,219	620,554	649,605	680,680	730,536	758,740	786,944
total liabilities	444,942	503,159	534,974	470,522	566,199	633,014	683,148	715,241	734,881	794,222	842,810	840,198	941,882	960,070	1,088,612
net assets	1,603,825	1,563,922	1,504,478	1,461,399	1,407,863	1,354,984	1,306,453	1,266,803	1,239,530	1,196,726	1,181,175	1,135,885	1,085,433	1,032,253	992,484
total shareholders funds	1,603,825	1,563,922	1,504,478	1,461,399	1,407,863	1,354,984	1,306,453	1,266,803	1,239,530	1,196,726	1,181,175	1,135,885	1,085,433	1,032,253	992,484

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	53,011	73,048	53,157	66,062	64,889	59,601	48,922	34,070	53,473	19,685	58,818	66,384	49,941	55,235	314,806
Depreciation	1,206	2,791	2,133	1,836	1,926	2,315	2,068	3,350	3,856	4,078	4,536	4,717	7,215	5,470	4,950
Amortisation	0	690	867	1,120	1,211	1,376	715	823	1,139	1,085	2,556	1,130	1,826	0	0
Tax	-13,301	-13,944	-10,105	-12,558	-12,404	-11,384	-9,301	-6,818	-10,701	-4,134	-13,528	-15,932	-12,985	-15,466	-88,146
Stock	23,365	-7,121	46,073	-11,328	-14,030	-34,035	-32,320	-16,042	-80,894	-30,049	11,384	3,773	-22,958	30,854	301,552
Debtors	-70,768	20,759	40,860	-59,795	41,428	-39,980	24,422	20,122	39,665	-28,893	21,774	-114,319	-10,322	-132,378	650,581
Creditors	-28,500	34,500	-29,099	-52,597	-30,361	13,298	-137	6,440	-8,006	-19,537	33,687	-51,828	10,016	-100,338	301,668
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	59,819	83,447	-69,980	74,986	-2,137	139,221	50,165	33,785	80,990	60,119	52,911	115,017	89,293	46,425	-418,855
Investing Activities
capital expenditure	-30,893	-31,790	-39,846	-25,543	-9,998	-6,835	-15,360	-16,321	-16,707	-31,068	-21,836	-65,161	-77,313	-18,221	-1,133,913
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,893	-31,790	-39,846	-25,543	-9,998	-6,835	-15,360	-16,321	-16,707	-31,068	-21,836	-65,161	-77,313	-18,221	-1,133,913
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	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	0	0	0
other long term liabilities	-29,717	-66,315	93,551	-43,080	-36,454	-63,432	-31,956	-26,080	-51,335	-29,051	-31,075	-49,856	-28,204	-28,204	786,944
share issue	0	0	0	0	0	0	0	0	0	0	0	0	16,224	0	765,824
interest	193	340	27	32	393	314	29	22	32	0	0	0	0	0	0
cash flow from financing	-29,524	-65,975	93,578	-43,048	-36,061	-63,118	-31,927	-26,058	-51,303	-29,051	-31,075	-49,856	-11,980	-28,204	1,552,768
cash and cash equivalents
cash	-598	-14,318	-16,248	6,395	-48,195	69,268	2,878	-8,595	12,980	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-598	-14,318	-16,248	6,395	-48,195	69,268	2,878	-8,595	12,980	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for altaroute limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BS37 area or any other competitors across 12 key performance metrics.

ALTAROUTE LIMITED group structure

Altaroute Limited has no subsidiary companies.

Ultimate parent company

ALTAROUTE LIMITED

01381677

ALTAROUTE LIMITED Shareholders

findlay associates ltd	50%
bribex ltd	50%

Altaroute Limited currently has 2 directors. The longest serving directors include Mr Brian Hobbs (Oct 2000) and Mr James Hobbs (Dec 2000).

officer	country	age	start	end	role
Mr Brian Hobbs		69 years	Oct 2000	-	Director
Mr James Hobbs		45 years	Dec 2000	-	Director

P&L

November 2023

turnover

-6%

operating profit

53k

gross margin

17.4%

+12.39%

turnover

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

Balance Sheet

November 2023

net assets

1.6m

+0.03%

total assets

-0.01%

cash

3.6k

-0.14%

net assets

Total assets minus all liabilities

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company number

01381677

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

August 1978

ultimate parent company

None

previous names

N/A

address

10 north road, yate, bristol, BS37 7PA

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 7 charges/mortgages relating to altaroute limited. Currently there are 2 open charges and 5 have been satisfied in the past.

altaroute limited Company Information

altaroute limited Estimated Valuation

altaroute limited Estimated Valuation

altaroute limited Estimated Valuation

Altaroute Limited Overview

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ALTAROUTE LIMITED financials

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