albacore systems limited Company Information
Company Number
02699515
Next Accounts
Dec 2024
Industry
Computer facilities management activities
Computer consultancy activities
Shareholders
cliff atkinson
andy puntis
Group Structure
View All
Contact
Registered Address
the mill yard nursling street, nursling, southampton, SO16 0AJ
Website
www.albacore.co.ukalbacore systems limited Estimated Valuation
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
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
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
3 Strong
5 Regular
4 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£2.9m)
- Albacore Systems Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7%)
- Albacore Systems Limited
7% - Industry AVG
Production
with a gross margin of 54.3%, this company has a comparable cost of product (54.3%)
- Albacore Systems Limited
54.3% - Industry AVG
Profitability
an operating margin of 4.6% make it as profitable than the average company (5.6%)
- Albacore Systems Limited
5.6% - Industry AVG
Employees
with 23 employees, this is similar to the industry average (22)
23 - Albacore Systems Limited
22 - Industry AVG
Pay Structure
on an average salary of £58.7k, the company has an equivalent pay structure (£58.7k)
- Albacore Systems Limited
£58.7k - Industry AVG
Efficiency
resulting in sales per employee of £70k, this is less efficient (£136.4k)
- Albacore Systems Limited
£136.4k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is earlier than average (60 days)
- Albacore Systems Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (41 days)
- Albacore Systems Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (13 days)
- Albacore Systems Limited
13 days - Industry AVG
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
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
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 23 | 24 | 23 | 21 | 18 | 16 | 13 | 13 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 135,525 | 157,355 | 197,255 | 142,657 | 173,443 | 173,150 | 160,263 | 180,528 | 149,501 | 158,044 | 71,128 | 78,641 | 75,302 | 84,619 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 | 9,550 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 145,075 | 166,905 | 206,805 | 152,207 | 182,993 | 182,700 | 169,813 | 190,078 | 159,051 | 167,594 | 80,678 | 88,191 | 84,852 | 94,169 |
Stock & work in progress | 24,077 | 31,352 | 25,004 | 21,638 | 27,631 | 9,545 | 9,185 | 11,441 | 13,504 | 4,533 | 5,615 | 4,615 | 4,615 | 4,704 |
Trade Debtors | 118,980 | 153,871 | 109,674 | 140,392 | 162,755 | 100,210 | 79,735 | 74,405 | 101,319 | 96,892 | 84,526 | 70,511 | 84,163 | 71,244 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 10,875 | 26,005 | 10,875 | 10,875 | 11,473 | 11,503 | 7,320 | 7,405 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,469,099 | 1,595,898 | 1,614,539 | 1,526,478 | 420,591 | 285,255 | 216,890 | 124,594 | 39,767 | 29,617 | 25,233 | 28,040 | 47,635 | 24,637 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,623,031 | 1,807,126 | 1,760,092 | 1,699,383 | 622,450 | 406,513 | 313,130 | 217,845 | 154,590 | 131,042 | 115,374 | 103,166 | 136,413 | 100,585 |
total assets | 1,768,106 | 1,974,031 | 1,966,897 | 1,851,590 | 805,443 | 589,213 | 482,943 | 407,923 | 313,641 | 298,636 | 196,052 | 191,357 | 221,265 | 194,754 |
Bank overdraft | 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 |
Trade Creditors | 46,628 | 59,386 | 122,589 | 87,212 | 53,042 | 46,803 | 18,750 | 12,345 | 110,660 | 132,731 | 98,823 | 82,890 | 85,759 | 89,295 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 3,158 | 3,158 | 3,158 | 0 | 17,448 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 646,800 | 940,343 | 183,327 | 150,560 | 82,934 | 57,665 | 62,000 | 52,577 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 693,428 | 999,729 | 305,916 | 240,930 | 139,134 | 107,626 | 80,750 | 82,370 | 110,660 | 132,731 | 98,823 | 82,890 | 85,759 | 89,295 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 4,934 | 8,092 | 11,250 | 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 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,448 | 25,556 | 0 | 0 | 0 | 0 |
provisions | 11,551 | 23,500 | 72,004 | 722,776 | 90,283 | 22,338 | 26,372 | 29,483 | 31,065 | 28,133 | 54,371 | 66,484 | 94,629 | 64,869 |
total long term liabilities | 11,551 | 23,500 | 72,004 | 727,710 | 98,375 | 33,588 | 26,372 | 29,483 | 48,513 | 53,689 | 54,371 | 66,484 | 94,629 | 64,869 |
total liabilities | 704,979 | 1,023,229 | 377,920 | 968,640 | 237,509 | 141,214 | 107,122 | 111,853 | 159,173 | 186,420 | 153,194 | 149,374 | 180,388 | 154,164 |
net assets | 1,063,127 | 950,802 | 1,588,977 | 882,950 | 567,934 | 447,999 | 375,821 | 296,070 | 154,468 | 112,216 | 42,858 | 41,983 | 40,877 | 40,590 |
total shareholders funds | 1,063,127 | 950,802 | 1,588,977 | 882,950 | 567,934 | 447,999 | 375,821 | 296,070 | 154,468 | 112,216 | 42,858 | 41,983 | 40,877 | 40,590 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 43,042 | 49,989 | 63,446 | 45,900 | 55,958 | 56,517 | 52,228 | 59,083 | 48,683 | 50,369 | 22,208 | 24,493 | 25,354 | 27,480 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -7,275 | 6,348 | 3,366 | -5,993 | 18,086 | 360 | -2,256 | -2,063 | 8,971 | -1,082 | 1,000 | 0 | -89 | 4,704 |
Debtors | -50,021 | 59,327 | -30,718 | -22,961 | 62,515 | 24,658 | 5,245 | -19,509 | 4,427 | 12,366 | 14,015 | -13,652 | 12,919 | 71,244 |
Creditors | -12,758 | -63,203 | 35,377 | 34,170 | 6,239 | 28,053 | 6,405 | -98,315 | -22,071 | 33,908 | 15,933 | -2,869 | -3,536 | 89,295 |
Accruals and Deferred Income | -293,543 | 757,016 | 32,767 | 67,626 | 25,269 | -4,335 | 9,423 | 52,577 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -11,949 | -48,504 | -650,772 | 632,493 | 67,945 | -4,034 | -3,111 | -1,582 | 2,932 | -26,238 | -12,113 | -28,145 | 29,760 | 64,869 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,550 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 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 |
Other Short Term Loans | 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 |
Hire Purchase and Lease Commitments | 0 | 0 | -8,092 | -3,158 | -3,158 | 14,408 | -17,448 | 17,448 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,448 | -8,108 | 25,556 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -126,799 | -18,641 | 88,061 | 1,105,887 | 135,336 | 68,365 | 92,296 | 84,827 | 10,150 | 4,384 | -2,807 | -19,595 | 22,998 | 24,637 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -126,799 | -18,641 | 88,061 | 1,105,887 | 135,336 | 68,365 | 92,296 | 84,827 | 10,150 | 4,384 | -2,807 | -19,595 | 22,998 | 24,637 |
albacore systems limited Credit Report and Business Information
Albacore Systems Limited Competitor Analysis
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 directors
Albacore Systems Limited currently has 2 directors. The longest serving directors include Mr Andrew Puntis (Mar 1992) and Mr Clifford Atkinson (Mar 1992).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Puntis | England | 59 years | Mar 1992 | - | Director |
Mr Clifford Atkinson | England | 65 years | Mar 1992 | - | Director |
P&L
March 2023turnover
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 2023net 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
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.
albacore systems limited Companies House Filings - See Documents
date | description | view/download |
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