atlantic contracts limited

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atlantic contracts limited Company Information

Share ATLANTIC CONTRACTS LIMITED

Company Number

04232289

Shareholders

masterson holdings ltd

Group Structure

View All

Industry

Joinery installation

 +1

Registered Address

atlantic house 7 stirling way, borehamwood, hertfordshire, WD6 2BT

atlantic contracts limited Estimated Valuation

£9.8m

Pomanda estimates the enterprise value of ATLANTIC CONTRACTS LIMITED at £9.8m based on a Turnover of £28.2m and 0.35x industry multiple (adjusted for size and gross margin).

atlantic contracts limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of ATLANTIC CONTRACTS LIMITED at £2.4m based on an EBITDA of £649.4k and a 3.65x industry multiple (adjusted for size and gross margin).

atlantic contracts limited Estimated Valuation

£24.5m

Pomanda estimates the enterprise value of ATLANTIC CONTRACTS LIMITED at £24.5m based on Net Assets of £11.9m and 2.06x industry multiple (adjusted for liquidity).

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Atlantic Contracts Limited Overview

Atlantic Contracts Limited is a live company located in hertfordshire, WD6 2BT with a Companies House number of 04232289. It operates in the joinery installation sector, SIC Code 43320. Founded in June 2001, it's largest shareholder is masterson holdings ltd with a 100% stake. Atlantic Contracts Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.2m with declining growth in recent years.

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Atlantic Contracts Limited Health Check

Pomanda's financial health check has awarded Atlantic Contracts Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £28.2m, make it larger than the average company (£3.4m)

£28.2m - Atlantic Contracts Limited

£3.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (7.8%)

-15% - Atlantic Contracts Limited

7.8% - Industry AVG

production

Production

with a gross margin of 6.9%, this company has a higher cost of product (26.4%)

6.9% - Atlantic Contracts Limited

26.4% - Industry AVG

profitability

Profitability

an operating margin of 2.3% make it less profitable than the average company (6%)

2.3% - Atlantic Contracts Limited

6% - Industry AVG

employees

Employees

with 54 employees, this is above the industry average (16)

54 - Atlantic Contracts Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.5k, the company has a higher pay structure (£37.1k)

£53.5k - Atlantic Contracts Limited

£37.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £522.6k, this is more efficient (£155.9k)

£522.6k - Atlantic Contracts Limited

£155.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 154 days, this is later than average (56 days)

154 days - Atlantic Contracts Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 80 days, this is slower than average (42 days)

80 days - Atlantic Contracts Limited

42 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Atlantic Contracts Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (24 weeks)

9 weeks - Atlantic Contracts Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.6%, this is a lower level of debt than the average (58.6%)

33.6% - Atlantic Contracts Limited

58.6% - Industry AVG

ATLANTIC CONTRACTS LIMITED financials

EXPORTms excel logo

Atlantic Contracts Limited's latest turnover from August 2023 is £28.2 million and the company has net assets of £11.9 million. According to their latest financial statements, Atlantic Contracts Limited has 54 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Turnover28,221,16228,158,49929,000,36345,198,70431,206,49242,216,87327,514,44622,836,24526,313,62043,619,43058,050,05967,412,81058,854,25740,028,99347,473,092
Other Income Or Grants000000000000000
Cost Of Sales26,269,75525,402,82126,208,92440,609,98926,761,01737,697,09822,583,28520,080,44023,753,42239,034,31152,792,18661,153,43451,736,52134,826,81440,908,177
Gross Profit1,951,4072,755,6782,791,4394,588,7154,445,4754,519,7754,931,1612,755,8052,560,1984,585,1195,257,8736,259,3767,117,7365,202,1796,564,915
Admin Expenses1,301,9681,333,6041,706,0071,819,6871,318,1541,742,3851,485,6001,159,0541,231,9762,402,0324,079,1643,856,7543,615,4082,548,8103,422,662
Operating Profit649,4391,422,0741,085,4322,769,0283,127,3212,777,3903,445,5611,596,7511,328,2222,183,0871,178,7092,402,6223,502,3282,653,3693,142,253
Interest Payable00088400000000000
Interest Receivable8,5933,7671,2319,46911,675006,3094,13814,3395,7854,5234,72610,43899,107
Pre-Tax Profit658,0321,425,8411,086,6632,777,6133,138,9962,784,6363,446,6991,603,0601,332,3602,197,4261,184,4942,407,1453,507,0542,663,8073,241,360
Tax440,969-213,773250,227-350,188-600,315-477,241-708,036-427,624-308,193-589,792-382,083-682,599-1,366,996-843,473-1,028,043
Profit After Tax1,099,0011,212,0681,336,8902,427,4252,538,6812,307,3952,738,6631,175,4361,024,1671,607,634802,4111,724,5462,140,0581,820,3342,213,317
Dividends Paid600,0001,000,0001,200,0001,400,000500,00000750,000800,0002,200,000700,0001,000,0001,620,0001,350,0002,247,500
Retained Profit499,001212,068136,8901,027,4252,038,6812,307,3952,738,663425,436224,167-592,366102,411724,546520,058470,334-34,183
Employee Costs2,890,6213,040,9723,250,4373,746,6623,136,6763,120,5842,686,1302,480,9913,095,9374,870,7216,428,0237,469,2085,905,3185,024,62012,768,541
Number Of Employees545661716869646583128170192157135189
EBITDA*649,4391,422,0741,085,4322,769,0283,127,3212,777,3903,445,5611,596,7511,328,2222,183,0871,178,7092,402,6223,502,3282,653,3693,142,253

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Tangible Assets000000000000005,000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)00000000000000703,623
Total Fixed Assets00000000000000708,623
Stock & work in progress000000000000000
Trade Debtors11,946,3349,398,1014,653,0539,623,3909,864,5008,259,9546,771,6345,299,16301,920,6328,666,4707,561,3716,937,8315,561,5503,735,171
Group Debtors3,306,4393,919,0487,389,3633,845,4673,710,02944,184535,283460,9352,608,3241,541,77000510,53400
Misc Debtors1,480,7701,015,583774,8571,760,6711,186,5440074,1714,778,064532,8411,779,7661,321,780855,424934,2431,179,082
Cash1,147,0892,382,5661,824,8986,040,6465,460,3816,427,6965,359,5533,229,1302,648,0062,861,6162,249,7403,853,8813,099,3662,967,5571,944,408
misc current assets000000000000000
total current assets17,880,63216,715,29814,642,17121,270,17420,221,45414,731,83412,666,4709,063,39910,034,3946,856,85912,695,97612,737,03211,403,1559,463,3506,858,661
total assets17,880,63216,715,29814,642,17121,270,17420,221,45414,731,83412,666,4709,063,39910,034,3946,856,85912,695,97612,737,03211,403,1559,463,3507,567,284
Bank overdraft51,640938,38139,810000000000000
Bank loan000000000000000
Trade Creditors 5,803,7604,240,4113,264,2138,634,9289,161,3784,383,3183,804,1273,290,0423,038,9161,846,6114,097,1186,062,8504,178,2422,649,5593,058,538
Group/Directors Accounts00000001,946,3973,094,1281,620,8504,400,6692,509,0322,750,4883,211,8671,450,845
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities143,826154,101167,8111,601,7991,054,0542,381,1752,702,397405,677905,503617,718834,143903,5151,937,3361,584,8931,511,204
total current liabilities5,999,2265,332,8933,471,83410,236,72710,215,4326,764,4936,506,5245,642,1167,038,5474,085,1799,331,9309,475,3978,866,0667,446,3196,020,587
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities5,999,2265,332,8933,471,83410,236,72710,215,4326,764,4936,506,5245,642,1167,038,5474,085,1799,331,9309,475,3978,866,0667,446,3196,020,587
net assets11,881,40611,382,40511,170,33711,033,44710,006,0227,967,3416,159,9463,421,2832,995,8472,771,6803,364,0463,261,6352,537,0892,017,0311,546,697
total shareholders funds11,881,40611,382,40511,170,33711,033,44710,006,0227,967,3416,159,9463,421,2832,995,8472,771,6803,364,0463,261,6352,537,0892,017,0311,546,697
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Aug 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit649,4391,422,0741,085,4322,769,0283,127,3212,777,3903,445,5611,596,7511,328,2222,183,0871,178,7092,402,6223,502,3282,653,3693,142,253
Depreciation000000000000000
Amortisation000000000000000
Tax440,969-213,773250,227-350,188-600,315-477,241-708,036-427,624-308,193-589,792-382,083-682,599-1,366,996-843,473-1,028,043
Stock000000000000000
Debtors2,400,8111,515,459-2,412,255468,4556,456,935997,2211,472,648-1,552,1193,391,145-6,450,9931,563,085579,3621,807,996877,9175,617,876
Creditors1,563,349976,198-5,370,715-526,4504,778,060579,191514,085251,1261,192,305-2,250,507-1,965,7321,884,6081,528,683-408,9793,058,538
Accruals and Deferred Income-10,275-13,710-1,433,988547,745-1,327,121-321,2222,296,720-499,826287,785-216,425-69,372-1,033,821352,44373,6891,511,204
Deferred Taxes & Provisions000000000000000
Cash flow from operations242,671655,330-3,056,7891,971,680-478,9901,560,8974,075,6822,472,546-891,0265,577,356-2,801,5631,991,4482,208,462596,6891,066,076
Investing Activities
capital expenditure000000000000000
Change in Investments000000000000000
cash flow from investments000000000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000-1,946,397-1,147,7311,473,278-2,779,8191,891,637-241,456-461,3791,761,0221,450,845
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000-500,000000000001,580,880
interest8,5933,7671,2318,58511,675006,3094,13814,3395,7854,5234,72610,43899,107
cash flow from financing8,5933,7671,2318,58511,675-500,000-1,946,397-1,141,4221,477,416-2,765,4801,897,422-236,933-456,6531,771,4603,130,832
cash and cash equivalents
cash-1,235,477557,668-4,215,748580,265-967,3151,068,1432,130,423581,124-213,610611,876-1,604,141754,515131,8091,023,1491,944,408
overdraft-886,741898,57139,810000000000000
change in cash-348,736-340,903-4,255,558580,265-967,3151,068,1432,130,423581,124-213,610611,876-1,604,141754,515131,8091,023,1491,944,408

atlantic contracts 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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Atlantic Contracts Limited Competitor Analysis

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Perform a competitor analysis for atlantic contracts limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in WD6 area or any other competitors across 12 key performance metrics.

atlantic contracts limited Ownership

ATLANTIC CONTRACTS LIMITED group structure

Atlantic Contracts Limited has no subsidiary companies.

Ultimate parent company

1 parent

ATLANTIC CONTRACTS LIMITED

04232289

ATLANTIC CONTRACTS LIMITED Shareholders

masterson holdings ltd 100%

atlantic contracts limited directors

Atlantic Contracts Limited currently has 11 directors. The longest serving directors include Mr Michael Masterson (Jun 2001) and Mr Alastair Cole (Jun 2001).

officercountryagestartendrole
Mr Michael MastersonEngland74 years Jun 2001- Director
Mr Alastair ColeUnited Kingdom59 years Jun 2001- Director
Mrs Mona MastersonEngland73 years Jun 2001- Director
Mr Nathan PaskellUnited Kingdom53 years Nov 2004- Director
Mr Sean MastersonUnited Kingdom47 years Jun 2007- Director
Mr Keith MastersonEngland51 years Jun 2007- Director
Mr Michael MastersonEngland44 years Jul 2009- Director
Mr Andrew ChowingsEngland59 years Jan 2010- Director
Mr Terry DyettEngland60 years Jan 2011- Director
Mr Richard WattsUnited Kingdom49 years Feb 2014- Director

P&L

August 2023

turnover

28.2m

0%

operating profit

649.4k

-54%

gross margin

7%

-29.34%

turnover

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

Balance Sheet

August 2023

net assets

11.9m

+0.04%

total assets

17.9m

+0.07%

cash

1.1m

-0.52%

net assets

Total assets minus all liabilities

atlantic contracts limited company details

company number

04232289

Type

Private limited with Share Capital

industry

43320 - Joinery installation

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

June 2001

age

24

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

August 2023

previous names

atlantic joinery limited (September 2005)

accountant

-

auditor

RIORDAN O'SULLIVAN & CO

address

atlantic house 7 stirling way, borehamwood, hertfordshire, WD6 2BT

Bank

ALLIED IRISH BANK

Legal Advisor

CHARLES RUSSELL SPEECHLYS LLP

atlantic contracts 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 found 2 charges/mortgages relating to atlantic contracts limited. Currently there are 0 open charges and 2 have been satisfied in the past.

atlantic contracts limited Capital Raised & Share Issues BETA

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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atlantic contracts limited Companies House Filings - See Documents

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