Atlas Developments Ltd

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atlas developments ltd Company Information

Company Number

04221308

Next Accounts

2 days late

Directors

Colin Casey

Shareholders

colin w. casey

christine j. casey

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Group Structure

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Industry

Buying and selling of own real estate

Registered Address

416 green lane, ilford, essex, IG3 9JX

Website

atlaspropertydevelopments.co.uk

atlas developments ltd Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of ATLAS DEVELOPMENTS LTD at £2.7m based on Net Assets of £1.6m and 1.68x industry multiple (adjusted for liquidity).

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Atlas Developments Ltd is a live company located in essex, IG3 9JX with a Companies House number of 04221308. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2001, it's largest shareholder is colin w. casey with a 60% stake. Atlas Developments Ltd is a mature, small sized company, Pomanda has estimated its turnover at £944.8k with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £944.8k, make it in line with the average company (£836.9k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (2.2%)

EXPORT

Atlas Developments Ltd's latest turnover from May 2023 is estimated at £944.8 thousand and the company has net assets of £1.6 million. According to their latest financial statements, Atlas Developments Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	944,786	806,481	653,056	695,620	1,166,196	590,404	601,383	1,255,772	317,218	371,367	298,180	282,393	82,832	146,233
Other Income Or Grants
Cost Of Sales	683,925	583,138	487,489	520,206	852,407	423,989	432,112	892,971	234,614	282,596	228,277	216,210	63,616	112,213
Gross Profit	260,861	223,343	165,567	175,415	313,789	166,415	169,271	362,801	82,604	88,772	69,903	66,183	19,217	34,019
Admin Expenses	330,655	152,357	138,088	194,047	394,795	-332,044	-282,809	-4,916	84,925	-399,608	-181,123	-169,674	-191,473	-258,605
Operating Profit	-69,794	70,986	27,479	-18,632	-81,006	498,459	452,080	367,717	-2,321	488,380	251,026	235,857	210,690	292,624
Interest Payable										98,507	173,550	156,055	170,391	89,380
Interest Receivable								1,160	2,321	1,357	203	16	17	7
Pre-Tax Profit	-69,794	70,986	27,479	-18,632	-81,006	498,459	452,080	368,878		391,230	77,679	79,818	40,315	203,251
Tax		-13,487	-5,221			-94,707	-85,895	-73,775		-82,158	-17,866	-19,156	-10,482	-56,910
Profit After Tax	-69,794	57,499	22,258	-18,632	-81,006	403,752	366,185	295,102		309,072	59,813	60,662	29,833	146,341
Dividends Paid
Retained Profit	-69,794	57,499	22,258	-18,632	-81,006	403,752	366,185	295,102		309,072	59,813	60,662	29,833	146,341
Employee Costs	66,038	66,681	62,296	66,625	99,488	63,630	61,177	96,135	30,645	30,939	29,652	29,047	28,674	28,957
Number Of Employees	2	2	2	2	3	2	2	3	1	1	1	1	1	1
EBITDA*	-69,794	70,986	27,479	-18,632	-81,006	498,459	452,080	367,717	-2,321	491,611	254,826	241,188	214,814	297,436

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	2,544,725	2,660,188	2,926,777	2,928,617	2,835,916	3,072,573	3,185,353	3,546,632	2,652,948	2,652,948	3,538,415	2,816,070	2,761,813	3,060,418
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	2,544,725	2,660,188	2,926,777	2,928,617	2,835,916	3,072,573	3,185,353	3,546,632	2,652,948	2,652,948	3,538,415	2,816,070	2,761,813	3,060,418
Stock & work in progress
Trade Debtors	367,424	318,299	266,815	244,901	323,940	156,464	156,865	325,511
Group Debtors
Misc Debtors
Cash									464,149	464,149	78,716	2,319	3,960	2,703
misc current assets
total current assets	367,424	318,299	266,815	244,901	323,940	156,464	156,865	325,511	464,149	464,149	78,716	2,319	3,960	2,703
total assets	2,912,149	2,978,487	3,193,592	3,173,518	3,159,856	3,229,037	3,342,218	3,872,143	3,117,097	3,117,097	3,617,131	2,818,389	2,765,773	3,063,121
Bank overdraft
Bank loan
Trade Creditors	69,426	69,140	28,332	34,071	3,379	105,794	40,322	127,568	298,786	298,786	289,408	272,437	96,836	166,533
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	69,426	69,140	28,332	34,071	3,379	105,794	40,322	127,568	298,786	298,786	289,408	272,437	96,836	166,533
loans											3,030,974	2,309,016	2,492,663	2,750,147
hp & lease commitments
Accruals and Deferred Income								18,000
other liabilities	1,261,638	1,258,468	1,571,880	1,568,325	1,566,723	1,452,483	2,034,888	2,825,752	2,212,490	2,212,490
provisions
total long term liabilities	1,261,638	1,258,468	1,571,880	1,568,325	1,566,723	1,452,483	2,034,888	2,843,752	2,212,490	2,212,490	3,030,974	2,309,016	2,492,663	2,750,147
total liabilities	1,331,064	1,327,608	1,600,212	1,602,396	1,570,102	1,558,277	2,075,210	2,971,320	2,511,276	2,511,276	3,320,382	2,581,453	2,589,499	2,916,680
net assets	1,581,085	1,650,879	1,593,380	1,571,122	1,589,754	1,670,760	1,267,008	900,823	605,821	605,821	296,749	236,936	176,274	146,441
total shareholders funds	1,581,085	1,650,879	1,593,380	1,571,122	1,589,754	1,670,760	1,267,008	900,823	605,821	605,821	296,749	236,936	176,274	146,441

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-69,794	70,986	27,479	-18,632	-81,006	498,459	452,080	367,717	-2,321	488,380	251,026	235,857	210,690	292,624
Depreciation										3,231	3,800	5,331	4,124	4,812
Amortisation
Tax		-13,487	-5,221			-94,707	-85,895	-73,775		-82,158	-17,866	-19,156	-10,482	-56,910
Stock
Debtors	49,125	51,484	21,914	-79,039	167,476	-401	-168,646	325,511
Creditors	286	40,808	-5,739	30,692	-102,415	65,472	-87,246	-171,218		9,378	16,971	175,601	-69,697	166,533
Accruals and Deferred Income							-18,000	18,000
Deferred Taxes & Provisions
Cash flow from operations	-118,633	46,823	-5,395	91,099	-350,897	469,625	429,585	-184,787	-2,321	418,831	253,931	397,633	134,635	407,059
Investing Activities
capital expenditure	115,463	266,589	1,840	-92,701	236,657	112,780	361,279	-893,684		882,236	-726,145	-59,588	294,481	-3,065,230
Change in Investments
cash flow from investments	115,463	266,589	1,840	-92,701	236,657	112,780	361,279	-893,684		882,236	-726,145	-59,588	294,481	-3,065,230
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans										-3,030,974	721,958	-183,647	-257,484	2,750,147
Hire Purchase and Lease Commitments
other long term liabilities	3,170	-313,412	3,555	1,602	114,240	-582,405	-790,864	613,262		2,212,490
share issue								-100						100
interest								1,160	2,321	-97,150	-173,347	-156,039	-170,374	-89,373
cash flow from financing	3,170	-313,412	3,555	1,602	114,240	-582,405	-790,864	614,322	2,321	-915,634	548,611	-339,686	-427,858	2,660,874
cash and cash equivalents
cash								-464,149		385,433	76,397	-1,641	1,257	2,703
overdraft
change in cash								-464,149		385,433	76,397	-1,641	1,257	2,703

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ATLAS DEVELOPMENTS LTD group structure

Atlas Developments Ltd has no subsidiary companies.

Ultimate parent company

ATLAS DEVELOPMENTS LTD

04221308

ATLAS DEVELOPMENTS LTD Shareholders

colin w. casey	60%
christine j. casey	10%
catherine isobel flannigan	10%
christina victoria quinn	10%
caroline josephine ruffell	10%

Atlas Developments Ltd currently has 1 director, Mr Colin Casey serving since May 2001.

officer	country	age	start	end	role
Mr Colin Casey		79 years	May 2001	-	Director

P&L

May 2023

turnover

944.8k

+17%

operating profit

-69.8k

gross margin

27.7%

-0.3%

turnover

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

Balance Sheet

May 2023

net assets

1.6m

-0.04%

total assets

2.9m

-0.02%

cash

net assets

Total assets minus all liabilities

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company number

04221308

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 2001

ultimate parent company

None

previous names

N/A

address

416 green lane, ilford, essex, IG3 9JX

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 4 charges/mortgages relating to atlas developments ltd. Currently there are 3 open charges and 1 have been satisfied in the past.

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atlas developments ltd Company Information

atlas developments ltd Estimated Valuation

atlas developments ltd Estimated Valuation

atlas developments ltd Estimated Valuation

Atlas Developments Ltd Overview

Atlas Developments Ltd Health Check

ATLAS DEVELOPMENTS LTD financials

atlas developments ltd Credit Report and Business Information

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atlas developments ltd directors

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