albacore systems limited

albacore systems limited Company Information

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Company Number

02699515

Industry

Computer facilities management activities

 

Computer consultancy activities

 
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Shareholders

cliff atkinson

andy puntis

Group Structure

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Contact

Registered Address

the mill yard nursling street, nursling, southampton, SO16 0AJ

albacore systems limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of ALBACORE SYSTEMS LIMITED at £1.2m based on a Turnover of £1.6m and 0.78x industry multiple (adjusted for size and gross margin).

albacore systems limited Estimated Valuation

£626.9k

Pomanda estimates the enterprise value of ALBACORE SYSTEMS LIMITED at £626.9k based on an EBITDA of £116.6k and a 5.38x industry multiple (adjusted for size and gross margin).

albacore systems limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of ALBACORE SYSTEMS LIMITED at £2.3m based on Net Assets of £1.1m and 2.21x industry multiple (adjusted for liquidity).

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Albacore Systems Limited Overview

Albacore Systems Limited is a live company located in southampton, SO16 0AJ with a Companies House number of 02699515. It operates in the business and domestic software development sector, SIC Code 62012. Founded in March 1992, it's largest shareholder is cliff atkinson with a 50% stake. Albacore Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Albacore Systems Limited Health Check

Pomanda's financial health check has awarded Albacore Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£2.9m)

£1.6m - Albacore Systems Limited

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7%)

5% - Albacore Systems Limited

7% - Industry AVG

production

Production

with a gross margin of 54.3%, this company has a comparable cost of product (54.3%)

54.3% - Albacore Systems Limited

54.3% - Industry AVG

profitability

Profitability

an operating margin of 4.6% make it as profitable than the average company (5.6%)

4.6% - Albacore Systems Limited

5.6% - Industry AVG

employees

Employees

with 23 employees, this is similar to the industry average (22)

23 - Albacore Systems Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)

£58.7k - Albacore Systems Limited

£58.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70k, this is less efficient (£136.4k)

£70k - Albacore Systems Limited

£136.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is earlier than average (60 days)

26 days - Albacore Systems Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 23 days, this is quicker than average (41 days)

23 days - Albacore Systems Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 11 days, this is in line with average (13 days)

11 days - Albacore Systems Limited

13 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (19 weeks)

110 weeks - Albacore Systems Limited

19 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.9%, this is a lower level of debt than the average (60.6%)

39.9% - Albacore Systems Limited

60.6% - Industry AVG

ALBACORE SYSTEMS LIMITED financials

EXPORTms excel logo

Albacore Systems Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £1.1 million. According to their latest financial statements, Albacore Systems Limited has 23 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,608,8661,668,3341,444,6561,401,6071,365,4391,070,735874,988927,496598,187601,015541,877458,522529,542462,460
Other Income Or Grants00000000000000
Cost Of Sales735,027767,387647,810601,419562,768445,000348,576365,789242,211232,780203,094177,788199,913175,018
Gross Profit873,839900,947796,847800,188802,671625,735526,412561,707355,976368,235338,783280,735329,629287,442
Admin Expenses800,2971,551,161-73,221412,253657,250537,882427,150385,115302,666278,297337,765279,430329,411231,267
Operating Profit73,542-650,214870,068387,935145,42187,85399,262176,59253,31089,9381,0181,30521856,175
Interest Payable00000000000000
Interest Receivable65,13112,0391,5719742,6471,25542741117313713318918162
Pre-Tax Profit138,673-638,175871,638388,909148,06889,10999,689177,00353,48490,0751,1511,49539956,236
Tax-26,3480-165,611-73,893-28,133-16,931-19,938-35,400-11,232-20,717-276-389-112-15,746
Profit After Tax112,325-638,175706,027315,016119,93572,17879,751141,60242,25269,3588751,10628740,490
Dividends Paid00000000000000
Retained Profit112,325-638,175706,027315,016119,93572,17879,751141,60242,25269,3588751,10628740,490
Employee Costs1,350,4861,339,9021,205,7831,072,807965,312850,609688,629687,017262,385251,321237,621191,286234,760223,460
Number Of Employees2324232118161313555455
EBITDA*116,584-600,225933,514433,835201,379144,370151,490235,675101,993140,30723,22625,79825,57283,655

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets135,525157,355197,255142,657173,443173,150160,263180,528149,501158,04471,12878,64175,30284,619
Intangible Assets00000000000000
Investments & Other9,5509,5509,5509,5509,5509,5509,5509,5509,5509,5509,5509,5509,5509,550
Debtors (Due After 1 year)00000000000000
Total Fixed Assets145,075166,905206,805152,207182,993182,700169,813190,078159,051167,59480,67888,19184,85294,169
Stock & work in progress24,07731,35225,00421,63827,6319,5459,18511,44113,5044,5335,6154,6154,6154,704
Trade Debtors118,980153,871109,674140,392162,755100,21079,73574,405101,31996,89284,52670,51184,16371,244
Group Debtors00000000000000
Misc Debtors10,87526,00510,87510,87511,47311,5037,3207,405000000
Cash1,469,0991,595,8981,614,5391,526,478420,591285,255216,890124,59439,76729,61725,23328,04047,63524,637
misc current assets00000000000000
total current assets1,623,0311,807,1261,760,0921,699,383622,450406,513313,130217,845154,590131,042115,374103,166136,413100,585
total assets1,768,1061,974,0311,966,8971,851,590805,443589,213482,943407,923313,641298,636196,052191,357221,265194,754
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 46,62859,386122,58987,21253,04246,80318,75012,345110,660132,73198,82382,89085,75989,295
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments0003,1583,1583,158017,448000000
other current liabilities646,800940,343183,327150,56082,93457,66562,00052,577000000
total current liabilities693,428999,729305,916240,930139,134107,62680,75082,370110,660132,73198,82382,89085,75989,295
loans00000000000000
hp & lease commitments0004,9348,09211,25000000000
Accruals and Deferred Income00000000000000
other liabilities0000000017,44825,5560000
provisions11,55123,50072,004722,77690,28322,33826,37229,48331,06528,13354,37166,48494,62964,869
total long term liabilities11,55123,50072,004727,71098,37533,58826,37229,48348,51353,68954,37166,48494,62964,869
total liabilities704,9791,023,229377,920968,640237,509141,214107,122111,853159,173186,420153,194149,374180,388154,164
net assets1,063,127950,8021,588,977882,950567,934447,999375,821296,070154,468112,21642,85841,98340,87740,590
total shareholders funds1,063,127950,8021,588,977882,950567,934447,999375,821296,070154,468112,21642,85841,98340,87740,590
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit73,542-650,214870,068387,935145,42187,85399,262176,59253,31089,9381,0181,30521856,175
Depreciation43,04249,98963,44645,90055,95856,51752,22859,08348,68350,36922,20824,49325,35427,480
Amortisation00000000000000
Tax-26,3480-165,611-73,893-28,133-16,931-19,938-35,400-11,232-20,717-276-389-112-15,746
Stock-7,2756,3483,366-5,99318,086360-2,256-2,0638,971-1,0821,0000-894,704
Debtors-50,02159,327-30,718-22,96162,51524,6585,245-19,5094,42712,36614,015-13,65212,91971,244
Creditors-12,758-63,20335,37734,1706,23928,0536,405-98,315-22,07133,90815,933-2,869-3,53689,295
Accruals and Deferred Income-293,543757,01632,76767,62625,269-4,3359,42352,577000000
Deferred Taxes & Provisions-11,949-48,504-650,772632,49367,945-4,034-3,111-1,5822,932-26,238-12,113-28,14529,76064,869
Cash flow from operations-170,718-20,591212,6271,123,185192,098122,105141,280174,52758,224115,97611,7558,04738,854146,125
Investing Activities
capital expenditure-21,212-10,089-118,044-15,114-56,251-69,404-31,963-90,110-40,140-137,285-14,695-27,832-16,037-112,099
Change in Investments00000000000009,550
cash flow from investments-21,212-10,089-118,044-15,114-56,251-69,404-31,963-90,110-40,140-137,285-14,695-27,832-16,037-121,649
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00-8,092-3,158-3,15814,408-17,44817,448000000
other long term liabilities0000000-17,448-8,10825,5560000
share issue0000000000000100
interest65,13112,0391,5719742,6471,25542741117313713318918162
cash flow from financing65,13112,039-6,521-2,184-51115,663-17,021411-7,93525,693133189181162
cash and cash equivalents
cash-126,799-18,64188,0611,105,887135,33668,36592,29684,82710,1504,384-2,807-19,59522,99824,637
overdraft00000000000000
change in cash-126,799-18,64188,0611,105,887135,33668,36592,29684,82710,1504,384-2,807-19,59522,99824,637

albacore systems limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Albacore Systems Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for albacore systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SO16 area or any other competitors across 12 key performance metrics.

albacore systems limited Ownership

ALBACORE SYSTEMS LIMITED group structure

Albacore Systems Limited has 1 subsidiary company.

Ultimate parent company

ALBACORE SYSTEMS LIMITED

02699515

1 subsidiary

ALBACORE SYSTEMS LIMITED Shareholders

cliff atkinson 50%
andy puntis 50%

albacore systems limited directors

Albacore Systems Limited currently has 2 directors. The longest serving directors include Mr Andrew Puntis (Mar 1992) and Mr Clifford Atkinson (Mar 1992).

officercountryagestartendrole
Mr Andrew PuntisEngland59 years Mar 1992- Director
Mr Clifford AtkinsonEngland65 years Mar 1992- Director

P&L

March 2023

turnover

1.6m

-4%

operating profit

73.5k

0%

gross margin

54.4%

+0.58%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.12%

total assets

1.8m

-0.1%

cash

1.5m

-0.08%

net assets

Total assets minus all liabilities

albacore systems limited company details

company number

02699515

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

62020 - Computer consultancy activities

62012 - Business and domestic software development

incorporation date

March 1992

age

32

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

-

auditor

-

address

the mill yard nursling street, nursling, southampton, SO16 0AJ

Bank

LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC, LLOYDS TSB BANK PLC

Legal Advisor

-

albacore systems limited 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 albacore systems limited.

charges

albacore systems limited Companies House Filings - See Documents

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