Alpha Converting Equipment Limited

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alpha converting equipment limited Company Information

Company Number

03909474

Next Accounts

Nov 2025

Directors

Simon King

Shareholders

simon robert francis king

jennifer anne king

Group Structure

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Industry

Manufacture of machinery for paper and paperboard production

Registered Address

16 edison road, bedford, beds, MK41 0HU

Website

www.alpha-converting.co.uk

alpha converting equipment limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of ALPHA CONVERTING EQUIPMENT LIMITED at £2.4m based on Net Assets of £1.3m and 1.88x industry multiple (adjusted for liquidity).

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Alpha Converting Equipment Limited is a live company located in beds, MK41 0HU with a Companies House number of 03909474. It operates in the manufacture of machinery for paper and paperboard production sector, SIC Code 28950. Founded in January 2000, it's largest shareholder is simon robert francis king with a 75% stake. Alpha Converting Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Alpha Converting Equipment Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (10.7%)

EXPORT

Alpha Converting Equipment Limited's latest turnover from February 2024 is estimated at £1.2 million and the company has net assets of £1.3 million. According to their latest financial statements, Alpha Converting Equipment Limited has 17 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,203,625	1,420,045	1,311,165	1,009,524	1,595,546	2,290,613	1,141,130	1,008,225	468,998	1,787,673	1,439,550	1,767,605	1,244,689	921,046	620,196
Other Income Or Grants
Cost Of Sales	859,360	979,257	897,983	649,729	1,138,952	1,475,159	734,856	696,868	320,321	1,222,203	918,184	1,157,277	768,575	615,540	411,334
Gross Profit	344,265	440,788	413,182	359,794	456,594	815,454	406,273	311,357	148,677	565,470	521,366	610,328	476,114	305,506	208,862
Admin Expenses	567,958	320,938	-35,804	229,858	189,047	632,163	542,993	204,796	-80,048	401,781	491,592	593,878	310,570	279,944	179,129
Operating Profit	-223,693	119,850	448,986	129,936	267,547	183,291	-136,720	106,561	228,725	163,689	29,774	16,450	165,544	25,562	29,733
Interest Payable					3,699	3,792	90	1,767	2,771	2,244	2,809	1,498	899	1,803	904
Interest Receivable	29,627	5,861	1,502	324	1,237	531	934	648	970	311	121	160	101	106	74
Pre-Tax Profit	-194,066	125,711	450,488	130,260	265,085	180,030	-135,876	105,441	226,924	161,756	27,087	15,113	164,746	23,865	28,903
Tax		-23,885	-85,593	-24,749	-50,366	-34,206		-21,088	-45,385	-33,969	-6,230	-3,627	-42,834	-6,682	-8,093
Profit After Tax	-194,066	101,826	364,895	105,511	214,719	145,824	-135,876	84,353	181,539	127,787	20,857	11,486	121,912	17,183	20,810
Dividends Paid
Retained Profit	-194,066	101,826	364,895	105,511	214,719	145,824	-135,876	84,353	181,539	127,787	20,857	11,486	121,912	17,183	20,810
Employee Costs	904,416	848,486	760,599	922,406	915,549	887,032	753,854	417,370	207,997	644,420	380,018	421,492	349,923	260,259	212,063
Number Of Employees	17	16	15	18	18	18	15	12	5	14	9	10	9	7	6
EBITDA*	-174,379	157,975	485,622	162,116	295,439	183,291	-112,708	114,151	238,385	176,825	44,131	30,486	177,172	32,008	37,771

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	130,023	143,226	121,307	152,646	317,939	343,350	360,639	305,631	202,852	212,512	222,972	227,622	241,020	227,997	137,148
Intangible Assets
Investments & Other	421,100	421,100	421,100	390,100	100	100	100	100
Debtors (Due After 1 year)	37,471
Total Fixed Assets	588,594	564,326	542,407	542,746	318,039	343,450	360,739	305,731	202,852	212,512	222,972	227,622	241,020	227,997	137,148
Stock & work in progress	735,429	621,387	849,122	547,738	424,609	970,722	457,830	523,823	466,149	698,557	454,166	381,491	532,566	320,911	191,544
Trade Debtors	155,790	341,862	292,887	198,844	74,147	176,864	69,703	114,533	35,163	217,998	221,350	242,530	96,667	65,191	43,000
Group Debtors
Misc Debtors	221,358	516,757	215,673	164,326	536,643	540,992	344,509	32,147	122,818
Cash	1,106,674	21,972	271,066	329,725	318,621	11,235	130,371	243,061	275,443	112,652	11,722	36,794	27,368	13,029	29,544
misc current assets
total current assets	2,219,251	1,501,978	1,628,748	1,240,633	1,354,020	1,699,813	1,002,413	913,564	899,573	1,029,207	687,238	660,815	656,601	399,131	264,088
total assets	2,807,845	2,066,304	2,171,155	1,783,379	1,672,059	2,043,263	1,363,152	1,219,295	1,102,425	1,241,719	910,210	888,437	897,621	627,128	401,236
Bank overdraft						109,600	2,764		5,892
Bank loan
Trade Creditors	102,313	80,821	111,690	94,957	168,622	414,746	116,390	117,529	99,254	676,139	466,015	458,980	473,806	319,266	197,583
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	1,360,096	441,914	629,065	628,807	592,843	823,042	693,947	415,839	345,039
total current liabilities	1,462,409	522,735	740,755	723,764	761,465	1,347,388	813,101	533,368	450,185	676,139	466,015	458,980	473,806	319,266	197,583
loans									50,666	28,703	40,343	46,078		27,671	27,813
hp & lease commitments
Accruals and Deferred Income
other liabilities				43,510						27,995	22,212	22,052	73,430	51,201	55,030
provisions	56,676	60,743	49,400
total long term liabilities	56,676	60,743	49,400	43,510					50,666	56,698	62,555	68,130	73,430	78,872	82,843
total liabilities	1,519,085	583,478	790,155	767,274	761,465	1,347,388	813,101	533,368	500,851	732,837	528,570	527,110	547,236	398,138	280,426
net assets	1,288,760	1,482,826	1,381,000	1,016,105	910,594	695,875	550,051	685,927	601,574	508,882	381,640	361,327	350,385	228,990	120,810
total shareholders funds	1,288,760	1,482,826	1,381,000	1,016,105	910,594	695,875	550,051	685,927	601,574	508,882	381,640	361,327	350,385	228,990	120,810

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-223,693	119,850	448,986	129,936	267,547	183,291	-136,720	106,561	228,725	163,689	29,774	16,450	165,544	25,562	29,733
Depreciation	49,314	38,125	36,636	32,180	27,892		24,012	7,590	9,660	13,136	14,357	14,036	11,628	6,446	8,038
Amortisation
Tax		-23,885	-85,593	-24,749	-50,366	-34,206		-21,088	-45,385	-33,969	-6,230	-3,627	-42,834	-6,682	-8,093
Stock	114,042	-227,735	301,384	123,129	-546,113	512,892	-65,993	57,674	-232,408	244,391	72,675	-151,075	211,655	129,367	191,544
Debtors	-444,000	350,059	145,390	-247,620	-107,066	303,644	267,532	-11,301	-60,017	-3,352	-21,180	145,863	31,476	22,191	43,000
Creditors	21,492	-30,869	16,733	-73,665	-246,124	298,356	-1,139	18,275	-576,885	210,124	7,035	-14,826	154,540	121,683	197,583
Accruals and Deferred Income	918,182	-187,151	258	35,964	-230,199	129,095	278,108	70,800	345,039
Deferred Taxes & Provisions	-4,067	11,343	49,400
Cash flow from operations	1,091,186	-194,911	19,646	224,157	421,929	-240,000	-37,278	135,765	253,579	111,941	-6,559	17,245	45,747	-4,549	-7,283
Investing Activities
capital expenditure	-36,111	-60,044	-5,297	133,113	-2,481	17,289	-79,020	-110,369		-2,676	-9,707	-638	-24,651	-97,295	-145,186
Change in Investments			31,000	390,000				100
cash flow from investments	-36,111	-60,044	-36,297	-256,887	-2,481	17,289	-79,020	-110,469		-2,676	-9,707	-638	-24,651	-97,295	-145,186
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans								-50,666	21,963	-11,640	-5,735	46,078	-27,671	-142	27,813
Hire Purchase and Lease Commitments
other long term liabilities			-43,510	43,510					-27,995	5,783	160	-51,378	22,229	-3,829	55,030
share issue									-88,847	-545	-544	-544	-517	90,997	100,000
interest	29,627	5,861	1,502	324	-2,462	-3,261	844	-1,119	-1,801	-1,933	-2,688	-1,338	-798	-1,697	-830
cash flow from financing	29,627	5,861	-42,008	43,834	-2,462	-3,261	844	-51,785	-96,680	-8,335	-8,807	-7,182	-6,757	85,329	182,013
cash and cash equivalents
cash	1,084,702	-249,094	-58,659	11,104	307,386	-119,136	-112,690	-32,382	162,791	100,930	-25,072	9,426	14,339	-16,515	29,544
overdraft					-109,600	106,836	2,764	-5,892	5,892
change in cash	1,084,702	-249,094	-58,659	11,104	416,986	-225,972	-115,454	-26,490	156,899	100,930	-25,072	9,426	14,339	-16,515	29,544

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALPHA CONVERTING EQUIPMENT LIMITED group structure

Alpha Converting Equipment Limited has 1 subsidiary company.

Ultimate parent company

ALPHA CONVERTING EQUIPMENT LIMITED

03909474

1 subsidiary

ALPHA CONVERTING PROPERTY LIMITED

10243712

ALPHA CONVERTING EQUIPMENT LIMITED Shareholders

simon robert francis king	75%
jennifer anne king	25%

Alpha Converting Equipment Limited currently has 1 director, Mr Simon King serving since Jan 2000.

officer	country	age	start	end	role
Mr Simon King		67 years	Jan 2000	-	Director

P&L

February 2024

turnover

1.2m

-15%

operating profit

-223.7k

gross margin

28.7%

-7.85%

turnover

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

Balance Sheet

February 2024

net assets

1.3m

-0.13%

total assets

2.8m

+0.36%

cash

1.1m

+49.37%

net assets

Total assets minus all liabilities

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company number

03909474

Type

Private limited with Share Capital

industry

28950 - Manufacture of machinery for paper and paperboard production

incorporation date

January 2000

ultimate parent company

None

previous names

N/A

address

16 edison road, bedford, beds, MK41 0HU

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 alpha converting equipment limited. Currently there are 1 open charges and 6 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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alpha converting equipment limited Company Information

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alpha converting equipment limited Estimated Valuation

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