Atlantic Precision Engineering Limited

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atlantic precision engineering limited Company Information

Live

MatureSmallDeclining

Company Number

02448830

Next Accounts

120 days late

Industry

Manufacture of other fabricated metal products n.e.c.

Manufacture of other plastic products

Directors

Stephen Ray

Russell Tschumi

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Shareholders

edger 201 ltd

Group Structure

View All

Contact

Registered Address

1-3 blackbushe business park, 1-3 aragon road, yateley, GU46 6ET

Website

www.atlantic-precision.co.uk

atlantic precision engineering limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of ATLANTIC PRECISION ENGINEERING LIMITED at £7.1m based on Net Assets of £3.7m and 1.91x industry multiple (adjusted for liquidity).

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Atlantic Precision Engineering Limited is a live company located in yateley, GU46 6ET with a Companies House number of 02448830. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in December 1989, it's largest shareholder is edger 201 ltd with a 100% stake. Atlantic Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Atlantic Precision Engineering Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £4.2m, make it smaller than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4%)

EXPORT

Atlantic Precision Engineering Limited's latest turnover from December 2022 is estimated at £4.2 million and the company has net assets of £3.7 million. According to their latest financial statements, Atlantic Precision Engineering Limited has 37 employees and maintains cash reserves of £571.9 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	4,150,541	2,693,793	2,847,270	4,161,836	4,052,727	3,749,859	3,294,792	2,927,062	3,683,602	4,456,165	3,469,795	3,583,353	3,008,796	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,985,407	1,915,562	2,022,315	2,962,009	2,875,991	2,622,001	2,295,238	2,053,516	2,595,392	3,159,761	2,465,878	2,537,965	2,097,939	0
Gross Profit	1,165,134	778,231	824,955	1,199,827	1,176,736	1,127,858	999,554	873,546	1,088,209	1,296,405	1,003,917	1,045,389	910,857	0
Admin Expenses	1,283,856	861,152	1,263,080	547,648	561,080	433,839	424,469	649,233	878,194	1,124,577	925,743	1,000,455	955,086	-1,292,201
Operating Profit	-118,722	-82,921	-438,125	652,179	615,656	694,019	575,085	224,313	210,015	171,828	78,174	44,934	-44,229	1,292,201
Interest Payable	55,244	41,187	33,767	51,803	55,675	37,480	51,558	33,701	0	0	0	0	0	0
Interest Receivable	25,887	2,665	1,134	8,030	6,116	1,650	218	217	101	2	1	1	1	1
Pre-Tax Profit	-148,079	-121,442	-470,758	608,406	566,098	658,189	523,745	190,829	210,115	171,830	78,175	44,935	-44,228	1,292,201
Tax	0	0	0	-115,597	-107,559	-125,056	-104,749	-38,166	-44,124	-39,521	-18,762	-11,683	0	-361,816
Profit After Tax	-148,079	-121,442	-470,758	492,809	458,539	533,133	418,996	152,663	165,991	132,309	59,413	33,252	-44,228	930,385
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-148,079	-121,442	-470,758	492,809	458,539	533,133	418,996	152,663	165,991	132,309	59,413	33,252	-44,228	930,385
Employee Costs	1,388,225	1,256,321	1,506,732	1,481,354	1,371,584	1,338,232	1,332,039	746,239	917,667	1,075,417	821,685	862,276	765,350	0
Number Of Employees	37	35	43	43	41	41	42	24	30	36	28	30	27	0
EBITDA*	110,844	115,893	-232,299	849,389	789,666	839,759	710,682	329,429	307,791	283,308	195,880	166,603	78,090	1,423,763

* 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	3,011,926	2,350,019	2,500,968	2,694,774	2,451,573	2,189,661	2,287,747	2,243,739	1,365,568	1,437,463	1,534,724	1,504,060	1,609,993	1,677,023
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000	475,000
Total Fixed Assets	3,486,926	2,825,019	2,975,968	3,169,774	2,926,573	2,664,661	2,762,747	2,718,739	1,840,568	1,912,463	2,009,724	1,979,060	2,084,993	2,152,023
Stock & work in progress	648,871	628,712	501,233	640,409	666,992	574,425	577,732	572,086	573,898	414,231	393,727	379,933	298,003	299,539
Trade Debtors	828,309	408,925	408,165	902,663	882,495	828,368	651,685	695,354	500,596	729,515	506,961	575,587	470,843	596,475
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	61,034	49,300	62,409	47,843	43,641	46,381	93,803	77,599	125,000	125,000	0	0	0	0
Cash	571,921	907,350	1,224,900	1,043,378	1,097,964	532,957	127,124	46,877	39,856	404	256	173	280	198
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,110,135	1,994,287	2,196,707	2,634,293	2,691,092	1,982,131	1,450,344	1,391,916	1,239,350	1,269,150	900,944	955,693	769,126	896,212
total assets	5,597,061	4,819,306	5,172,675	5,804,067	5,617,665	4,646,792	4,213,091	4,110,655	3,079,918	3,181,613	2,910,668	2,934,753	2,854,119	3,048,235
Bank overdraft	0	0	43,020	77,027	348,622	106,198	81,126	0	0	0	0	0	0	0
Bank loan	107,559	113,825	0	0	46,211	0	0	500,176	0	0	0	0	0	0
Trade Creditors	335,293	154,093	101,866	169,871	185,838	170,728	141,875	173,079	1,013,407	1,247,205	1,010,194	1,047,727	930,920	947,864
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	324,943	0	0	0	0	0	0	0	0	0
hp & lease commitments	146,977	139,848	160,983	199,233	168,695	100,346	115,486	99,324	0	0	0	0	0	0
other current liabilities	225,522	150,575	235,992	290,004	409,658	389,804	339,978	314,739	0	0	0	0	0	0
total current liabilities	815,351	558,341	541,861	736,135	1,159,024	767,076	678,465	1,087,318	1,013,407	1,247,205	1,010,194	1,047,727	930,920	947,864
loans	419,008	522,646	638,478	348,598	389,490	434,159	531,753	536,793	0	0	0	0	0	0
hp & lease commitments	279,252	185,340	302,976	416,459	328,499	191,485	291,831	291,928	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	125,000	125,000	125,000	125,000	125,000	753,710	755,931	885,100	955,315	1,037,040	1,165,984
provisions	384,012	230,672	245,611	263,368	193,954	165,913	156,016	58,586	35,677	67,344	36,550	12,300	0	4,000
total long term liabilities	1,082,272	938,658	1,187,065	1,153,425	1,036,943	916,557	1,104,600	1,012,307	789,387	823,275	921,650	967,615	1,037,040	1,169,984
total liabilities	1,897,623	1,496,999	1,728,926	1,889,560	2,195,967	1,683,633	1,783,065	2,099,625	1,802,794	2,070,480	1,931,844	2,015,342	1,967,960	2,117,848
net assets	3,699,438	3,322,307	3,443,749	3,914,507	3,421,698	2,963,159	2,430,026	2,011,030	1,277,124	1,111,133	978,824	919,411	886,159	930,387
total shareholders funds	3,699,438	3,322,307	3,443,749	3,914,507	3,421,698	2,963,159	2,430,026	2,011,030	1,277,124	1,111,133	978,824	919,411	886,159	930,387

	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	-118,722	-82,921	-438,125	652,179	615,656	694,019	575,085	224,313	210,015	171,828	78,174	44,934	-44,229	1,292,201
Depreciation	229,566	198,814	205,826	197,210	174,010	145,740	135,597	105,116	97,776	111,480	117,706	121,669	122,319	131,562
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-115,597	-107,559	-125,056	-104,749	-38,166	-44,124	-39,521	-18,762	-11,683	0	-361,816
Stock	20,159	127,479	-139,176	-26,583	92,567	-3,307	5,646	-1,812	159,667	20,504	13,794	81,930	-1,536	299,539
Debtors	431,118	-12,349	-479,932	24,370	51,387	129,261	-27,465	147,357	-228,919	347,554	-68,626	104,744	-125,632	1,071,475
Creditors	181,200	52,227	-68,005	-15,967	15,110	28,853	-31,204	-840,328	-233,798	237,011	-37,533	116,807	-16,944	947,864
Accruals and Deferred Income	74,947	-85,417	-54,012	-119,654	19,854	49,826	25,239	314,739	0	0	0	0	0	0
Deferred Taxes & Provisions	153,340	-14,939	-17,757	69,414	28,041	9,897	97,430	22,909	-31,667	30,794	24,250	12,300	-4,000	4,000
Cash flow from operations	69,054	-47,366	247,035	669,798	601,158	677,325	719,217	-356,962	67,454	143,534	218,667	97,353	184,314	642,797
Investing Activities
capital expenditure	-891,473	-47,865	-12,020	-440,411	-435,922	-47,654	-179,605	-983,287	-25,881	-14,219	-148,370	-15,736	-55,289	-1,808,585
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-891,473	-47,865	-12,020	-440,411	-435,922	-47,654	-179,605	-983,287	-25,881	-14,219	-148,370	-15,736	-55,289	-1,808,585
Financing Activities
Bank loans	-6,266	113,825	0	-46,211	46,211	0	-500,176	500,176	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-324,943	324,943	0	0	0	0	0	0	0	0	0
Long term loans	-103,638	-115,832	289,880	-40,892	-44,669	-97,594	-5,040	536,793	0	0	0	0	0	0
Hire Purchase and Lease Commitments	101,041	-138,771	-151,733	118,498	205,363	-115,486	16,065	391,252	0	0	0	0	0	0
other long term liabilities	0	0	-125,000	0	0	0	0	-628,710	-2,221	-129,169	-70,215	-81,725	-128,944	1,165,984
share issue	525,210	0	0	0	0	0	0	581,243	0	0	0	0	0	2
interest	-29,357	-38,522	-32,633	-43,773	-49,559	-35,830	-51,340	-33,484	101	2	1	1	1	1
cash flow from financing	486,990	-179,300	-19,486	-337,321	482,289	-248,910	-540,491	1,347,270	-2,120	-129,167	-70,214	-81,724	-128,943	1,165,987
cash and cash equivalents
cash	-335,429	-317,550	181,522	-54,586	565,007	405,833	80,247	7,021	39,452	148	83	-107	82	198
overdraft	0	-43,020	-34,007	-271,595	242,424	25,072	81,126	0	0	0	0	0	0	0
change in cash	-335,429	-274,530	215,529	217,009	322,583	380,761	-879	7,021	39,452	148	83	-107	82	198

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ATLANTIC PRECISION ENGINEERING LIMITED group structure

Atlantic Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

EDGER 201 LIMITED

04486979

1 parent

ATLANTIC PRECISION ENGINEERING LIMITED

02448830

ATLANTIC PRECISION ENGINEERING LIMITED Shareholders

edger 201 ltd

100%

Atlantic Precision Engineering Limited currently has 5 directors. The longest serving directors include Mr Stephen Ray (Jun 2008) and Mr Russell Tschumi (Apr 2012).

officer	country	age	start	end	role
Mr Stephen Ray	England	65 years	Jun 2008	-	Director
Mr Russell Tschumi	England	62 years	Apr 2012	-	Director
Mr Andrew Sargeant	England	57 years	Aug 2023	-	Director
Mrs Elizabeth McKay	England	55 years	Aug 2023	-	Director
Mr Mark Aldridge	England	59 years	Aug 2023	-	Director

P&L

December 2022

turnover

4.2m

+54%

operating profit

-118.7k

gross margin

28.1%

-2.83%

turnover

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

Balance Sheet

December 2022

net assets

3.7m

+0.11%

total assets

5.6m

+0.16%

cash

571.9k

-0.37%

net assets

Total assets minus all liabilities

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company number

02448830

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

22290 - Manufacture of other plastic products

incorporation date

December 1989

ultimate parent company

EDGER 201 LIMITED

previous names

new coin plastics limited (March 1992)

rjt 147 limited (October 1990)

address

1-3 blackbushe business park, 1-3 aragon road, yateley, GU46 6ET

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 13 charges/mortgages relating to atlantic precision engineering limited. Currently there are 2 open charges and 11 have been satisfied in the past.

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atlantic precision engineering limited Company Information

atlantic precision engineering limited Estimated Valuation

atlantic precision engineering limited Estimated Valuation

atlantic precision engineering limited Estimated Valuation

Atlantic Precision Engineering Limited Overview

Atlantic Precision Engineering Limited Health Check

ATLANTIC PRECISION ENGINEERING LIMITED financials

atlantic precision engineering limited Credit Report and Business Information

Atlantic Precision Engineering Limited Competitor Analysis

atlantic precision engineering limited Ownership

atlantic precision engineering limited directors

atlantic precision engineering limited company details

atlantic precision engineering limited Charges & Mortgages

atlantic precision engineering limited Capital Raised & Share Issues BETA

atlantic precision engineering limited Companies House Filings - See Documents