Alterever Limited

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alterever limited Company Information

Live

MatureSmallHealthy

Company Number

03681108

Website

www.alterever.com

Registered Address

23 albion street, hull, east yorkshire, HU1 3TG

Industry

Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

Telephone

01430441360

Next Accounts Due

September 2024

Group Structure

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Directors

Katherine Malcolmson2 Years

Shareholders

katherine malcolmson 100%

alterever limited Estimated Valuation

£177.7k - £1.5m

The estimated valuation range for alterever limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £177.7k to £1.5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Alterever Limited AI Business Plan

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Alterever Limited is a live company located in east yorkshire, HU1 3TG with a Companies House number of 03681108. It operates in the manufacture of rubber tyres and tubes sector, SIC Code 22110. Founded in December 1998, it's largest shareholder is katherine malcolmson with a 100% stake. Alterever Limited is a mature, small sized company, Pomanda has estimated its turnover at £5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Alterever Limited a 3.5 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 Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5m, make it smaller than the average company (£84.6m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-2.2%)

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 alterever limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

ALTEREVER LIMITED group structure

Alterever Limited has no subsidiary companies.

Ultimate parent company

ALTEREVER LIMITED

03681108

ALTEREVER LIMITED Shareholders

katherine malcolmson

100%

Alterever Limited currently has 1 director, Mrs Katherine Malcolmson serving since Feb 2022.

officer	country	age	start	end	role
Mrs Katherine Malcolmson	United Kingdom	51 years	Feb 2022	-	Director

EXPORT

Alterever Limited's latest turnover from December 2022 is estimated at £5 million and the company has net assets of £275.9 thousand. According to their latest financial statements, Alterever Limited has 22 employees and maintains cash reserves of £59.7 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	4,969,504	4,141,830	4,145,825	4,263,818	4,361,022	3,077,729	4,041,297	5,239,370	5,179,749	4,948,011	5,006,659	5,132,769	5,248,709	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,143,229	3,413,097	3,503,930	3,665,791	3,750,494	2,582,459	3,390,969	4,374,439	4,318,511	4,115,764	4,230,922	4,325,192	4,397,186	0
Gross Profit	826,276	728,733	641,895	598,027	610,528	495,270	650,328	864,930	861,237	832,247	775,737	807,577	851,522	0
Admin Expenses	754,809	681,985	583,350	549,167	579,074	460,039	614,945	844,574	783,283	805,302	746,587	863,115	846,515	-33,966
Operating Profit	71,467	46,748	58,545	48,860	31,454	35,231	35,383	20,356	77,954	26,945	29,150	-55,538	5,007	33,966
Interest Payable	13,775	11,067	10,482	9,116	18,190	15,486	14,564	15,128	16,416	16,678	13,208	11,408	5,192	0
Interest Receivable	5,219	479	109	386	161	137	56	119	160	85	36	1	2	2
Pre-Tax Profit	62,911	36,160	48,172	40,131	13,426	19,883	20,875	5,346	61,697	10,352	15,978	-66,946	-182	33,968
Tax	-11,953	-6,870	-9,153	-7,625	-2,551	-3,778	-4,175	-1,069	-12,956	-2,381	-3,835	0	0	-9,511
Profit After Tax	50,958	29,290	39,019	32,506	10,875	16,105	16,700	4,277	48,741	7,971	12,143	-66,946	-182	24,457
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	50,958	29,290	39,019	32,506	10,875	16,105	16,700	4,277	48,741	7,971	12,143	-66,946	-182	24,457
Employee Costs	1,199,030	1,059,837	947,819	786,659	863,150	499,719	722,438	837,639	768,294	671,801	665,726	889,237	943,356	0
Number Of Employees	22	23	22	17	19	11	16	19	18	17	17	24	28	0
EBITDA*	71,467	46,748	58,545	48,860	31,454	35,231	35,383	20,356	77,954	26,945	29,150	-55,538	5,007	33,966

* 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	100,530	99,770	105,305	42,632	0	0	0	0	0	0	0	0	0	0
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	100,530	99,770	105,305	42,632	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	400,000	385,000	360,000	405,000	375,000	345,000	345,000	465,000	430,000	438,000	484,000	442,000	380,000	382,000
Trade Debtors	887,535	667,297	712,433	566,214	628,863	550,222	547,114	550,790	524,173	505,069	539,591	514,147	606,178	516,226
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	15,153	1,273	8,710	0	0	0	0	0	0	0
Cash	59,675	238,532	144,612	73,405	29,545	13,502	41,431	3,156	44,287	19,570	14,333	27	286	706
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,347,210	1,290,829	1,217,045	1,044,619	1,048,561	909,997	942,255	1,018,946	998,460	962,639	1,037,924	956,174	986,464	898,932
total assets	1,447,740	1,390,599	1,322,350	1,087,251	1,048,561	909,997	942,255	1,018,946	998,460	962,639	1,037,924	956,174	986,464	898,932
Bank overdraft	279,533	10,460	343,672	0	270,091	268,871	207,616	258,428	207,059	298,062	215,116	191,289	159,741	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	797,577	917,728	739,144	902,607	654,329	527,860	637,478	674,987	709,848	629,586	799,740	754,950	747,573	816,982
Group/Directors Accounts	0	0	0	0	0	0	0	5,070	5,369	7,548	3,596	2,606	4,875	7,493
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,077,110	928,188	1,082,816	902,607	924,420	796,731	845,094	938,485	922,276	935,196	1,018,452	948,845	912,189	824,475
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	78,199	218,689	23,860	27,997	0	0	0	0	0	0	0	0	0	0
provisions	16,517	18,766	20,008	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	94,716	237,455	43,868	27,997	0	0	0	0	0	0	0	0	0	0
total liabilities	1,171,826	1,165,643	1,126,684	930,604	924,420	796,731	845,094	938,485	922,276	935,196	1,018,452	948,845	912,189	824,475
net assets	275,914	224,956	195,666	156,647	124,141	113,266	97,161	80,461	76,184	27,443	19,472	7,329	74,275	74,457
total shareholders funds	275,914	224,956	195,666	156,647	124,141	113,266	97,161	80,461	76,184	27,443	19,472	7,329	74,275	74,457

	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	71,467	46,748	58,545	48,860	31,454	35,231	35,383	20,356	77,954	26,945	29,150	-55,538	5,007	33,966
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,953	-6,870	-9,153	-7,625	-2,551	-3,778	-4,175	-1,069	-12,956	-2,381	-3,835	0	0	-9,511
Stock	15,000	25,000	-45,000	30,000	30,000	0	-120,000	35,000	-8,000	-46,000	42,000	62,000	-2,000	382,000
Debtors	220,238	-45,136	146,219	-77,802	92,521	-4,329	5,034	26,617	19,104	-34,522	25,444	-92,031	89,952	516,226
Creditors	-120,151	178,584	-163,463	248,278	126,469	-109,618	-37,509	-34,861	80,262	-170,154	44,790	7,377	-69,409	816,982
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,249	-1,242	20,008	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-298,124	237,356	-195,282	337,315	32,851	-73,836	108,665	-77,191	134,156	-65,068	2,661	-18,130	-152,354	-56,789
Investing Activities
capital expenditure	-760	5,535	-62,673	-42,632	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-760	5,535	-62,673	-42,632	0	0	0	0	0	0	0	0	0	0
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	-5,070	-299	-2,179	3,952	990	-2,269	-2,618	7,493
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	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-140,490	194,829	-4,137	27,997	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	50,000
interest	-8,556	-10,588	-10,373	-8,730	-18,029	-15,349	-14,508	-15,009	-16,256	-16,593	-13,172	-11,407	-5,190	2
cash flow from financing	-149,046	184,241	-14,510	19,267	-18,029	-15,349	-19,578	-15,308	-18,435	-12,641	-12,182	-13,676	-7,808	57,495
cash and cash equivalents
cash	-178,857	93,920	71,207	43,860	16,043	-27,929	38,275	-41,131	24,717	5,237	14,306	-259	-420	706
overdraft	269,073	-333,212	343,672	-270,091	1,220	61,255	-50,812	51,369	-91,003	82,946	23,827	31,548	159,741	0
change in cash	-447,930	427,132	-272,465	313,951	14,823	-89,184	89,087	-92,500	115,720	-77,709	-9,521	-31,807	-160,161	706

P&L

December 2022

turnover

+20%

operating profit

71.5k

gross margin

16.7%

-5.5%

turnover

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

Balance Sheet

December 2022

net assets

275.9k

+0.23%

total assets

1.4m

+0.04%

cash

59.7k

-0.75%

net assets

Total assets minus all liabilities

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company number

03681108

Type

Private limited with Share Capital

industry

22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres

incorporation date

December 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

23 albion street, hull, east yorkshire, HU1 3TG

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 2 charges/mortgages relating to alterever limited. Currently there are 1 open charges and 1 have been satisfied in the past.

alterever limited Company Information

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alterever limited Estimated Valuation

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