atlantic contracts limited Company Information
Company Number
04232289
Next Accounts
May 2025
Shareholders
masterson holdings ltd
Group Structure
View All
Industry
Joinery installation
+1Registered Address
atlantic house 7 stirling way, borehamwood, hertfordshire, WD6 2BT
Website
www.atlanticcontracts.co.ukatlantic contracts limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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.
Upgrade for unlimited company reports & a free credit check
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


5 Strong

0 Regular

6 Weak

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
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
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
an operating margin of 2.3% make it less profitable than the average company (6%)
2.3% - Atlantic Contracts Limited
6% - Industry AVG

Employees
with 54 employees, this is above the industry average (16)
54 - Atlantic Contracts Limited
16 - Industry AVG

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
resulting in sales per employee of £522.6k, this is more efficient (£155.9k)
£522.6k - Atlantic Contracts Limited
£155.9k - Industry AVG

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

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

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atlantic Contracts Limited
- - Industry AVG

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

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

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 House, Pomanda Estimates
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 28,221,162 | 28,158,499 | 29,000,363 | 45,198,704 | 31,206,492 | 42,216,873 | 27,514,446 | 22,836,245 | 26,313,620 | 43,619,430 | 58,050,059 | 67,412,810 | 58,854,257 | 40,028,993 | 47,473,092 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 26,269,755 | 25,402,821 | 26,208,924 | 40,609,989 | 26,761,017 | 37,697,098 | 22,583,285 | 20,080,440 | 23,753,422 | 39,034,311 | 52,792,186 | 61,153,434 | 51,736,521 | 34,826,814 | 40,908,177 |
Gross Profit | 1,951,407 | 2,755,678 | 2,791,439 | 4,588,715 | 4,445,475 | 4,519,775 | 4,931,161 | 2,755,805 | 2,560,198 | 4,585,119 | 5,257,873 | 6,259,376 | 7,117,736 | 5,202,179 | 6,564,915 |
Admin Expenses | 1,301,968 | 1,333,604 | 1,706,007 | 1,819,687 | 1,318,154 | 1,742,385 | 1,485,600 | 1,159,054 | 1,231,976 | 2,402,032 | 4,079,164 | 3,856,754 | 3,615,408 | 2,548,810 | 3,422,662 |
Operating Profit | 649,439 | 1,422,074 | 1,085,432 | 2,769,028 | 3,127,321 | 2,777,390 | 3,445,561 | 1,596,751 | 1,328,222 | 2,183,087 | 1,178,709 | 2,402,622 | 3,502,328 | 2,653,369 | 3,142,253 |
Interest Payable | 0 | 0 | 0 | 884 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 8,593 | 3,767 | 1,231 | 9,469 | 11,675 | 0 | 0 | 6,309 | 4,138 | 14,339 | 5,785 | 4,523 | 4,726 | 10,438 | 99,107 |
Pre-Tax Profit | 658,032 | 1,425,841 | 1,086,663 | 2,777,613 | 3,138,996 | 2,784,636 | 3,446,699 | 1,603,060 | 1,332,360 | 2,197,426 | 1,184,494 | 2,407,145 | 3,507,054 | 2,663,807 | 3,241,360 |
Tax | 440,969 | -213,773 | 250,227 | -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 Tax | 1,099,001 | 1,212,068 | 1,336,890 | 2,427,425 | 2,538,681 | 2,307,395 | 2,738,663 | 1,175,436 | 1,024,167 | 1,607,634 | 802,411 | 1,724,546 | 2,140,058 | 1,820,334 | 2,213,317 |
Dividends Paid | 600,000 | 1,000,000 | 1,200,000 | 1,400,000 | 500,000 | 0 | 0 | 750,000 | 800,000 | 2,200,000 | 700,000 | 1,000,000 | 1,620,000 | 1,350,000 | 2,247,500 |
Retained Profit | 499,001 | 212,068 | 136,890 | 1,027,425 | 2,038,681 | 2,307,395 | 2,738,663 | 425,436 | 224,167 | -592,366 | 102,411 | 724,546 | 520,058 | 470,334 | -34,183 |
Employee Costs | 2,890,621 | 3,040,972 | 3,250,437 | 3,746,662 | 3,136,676 | 3,120,584 | 2,686,130 | 2,480,991 | 3,095,937 | 4,870,721 | 6,428,023 | 7,469,208 | 5,905,318 | 5,024,620 | 12,768,541 |
Number Of Employees | 54 | 56 | 61 | 71 | 68 | 69 | 64 | 65 | 83 | 128 | 170 | 192 | 157 | 135 | 189 |
EBITDA* | 649,439 | 1,422,074 | 1,085,432 | 2,769,028 | 3,127,321 | 2,777,390 | 3,445,561 | 1,596,751 | 1,328,222 | 2,183,087 | 1,178,709 | 2,402,622 | 3,502,328 | 2,653,369 | 3,142,253 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 |
Intangible Assets | 0 | 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 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 703,623 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 708,623 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 11,946,334 | 9,398,101 | 4,653,053 | 9,623,390 | 9,864,500 | 8,259,954 | 6,771,634 | 5,299,163 | 0 | 1,920,632 | 8,666,470 | 7,561,371 | 6,937,831 | 5,561,550 | 3,735,171 |
Group Debtors | 3,306,439 | 3,919,048 | 7,389,363 | 3,845,467 | 3,710,029 | 44,184 | 535,283 | 460,935 | 2,608,324 | 1,541,770 | 0 | 0 | 510,534 | 0 | 0 |
Misc Debtors | 1,480,770 | 1,015,583 | 774,857 | 1,760,671 | 1,186,544 | 0 | 0 | 74,171 | 4,778,064 | 532,841 | 1,779,766 | 1,321,780 | 855,424 | 934,243 | 1,179,082 |
Cash | 1,147,089 | 2,382,566 | 1,824,898 | 6,040,646 | 5,460,381 | 6,427,696 | 5,359,553 | 3,229,130 | 2,648,006 | 2,861,616 | 2,249,740 | 3,853,881 | 3,099,366 | 2,967,557 | 1,944,408 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 17,880,632 | 16,715,298 | 14,642,171 | 21,270,174 | 20,221,454 | 14,731,834 | 12,666,470 | 9,063,399 | 10,034,394 | 6,856,859 | 12,695,976 | 12,737,032 | 11,403,155 | 9,463,350 | 6,858,661 |
total assets | 17,880,632 | 16,715,298 | 14,642,171 | 21,270,174 | 20,221,454 | 14,731,834 | 12,666,470 | 9,063,399 | 10,034,394 | 6,856,859 | 12,695,976 | 12,737,032 | 11,403,155 | 9,463,350 | 7,567,284 |
Bank overdraft | 51,640 | 938,381 | 39,810 | 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 | 0 |
Trade Creditors | 5,803,760 | 4,240,411 | 3,264,213 | 8,634,928 | 9,161,378 | 4,383,318 | 3,804,127 | 3,290,042 | 3,038,916 | 1,846,611 | 4,097,118 | 6,062,850 | 4,178,242 | 2,649,559 | 3,058,538 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,946,397 | 3,094,128 | 1,620,850 | 4,400,669 | 2,509,032 | 2,750,488 | 3,211,867 | 1,450,845 |
other short term finances | 0 | 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 | 0 |
other current liabilities | 143,826 | 154,101 | 167,811 | 1,601,799 | 1,054,054 | 2,381,175 | 2,702,397 | 405,677 | 905,503 | 617,718 | 834,143 | 903,515 | 1,937,336 | 1,584,893 | 1,511,204 |
total current liabilities | 5,999,226 | 5,332,893 | 3,471,834 | 10,236,727 | 10,215,432 | 6,764,493 | 6,506,524 | 5,642,116 | 7,038,547 | 4,085,179 | 9,331,930 | 9,475,397 | 8,866,066 | 7,446,319 | 6,020,587 |
loans | 0 | 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 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 5,999,226 | 5,332,893 | 3,471,834 | 10,236,727 | 10,215,432 | 6,764,493 | 6,506,524 | 5,642,116 | 7,038,547 | 4,085,179 | 9,331,930 | 9,475,397 | 8,866,066 | 7,446,319 | 6,020,587 |
net assets | 11,881,406 | 11,382,405 | 11,170,337 | 11,033,447 | 10,006,022 | 7,967,341 | 6,159,946 | 3,421,283 | 2,995,847 | 2,771,680 | 3,364,046 | 3,261,635 | 2,537,089 | 2,017,031 | 1,546,697 |
total shareholders funds | 11,881,406 | 11,382,405 | 11,170,337 | 11,033,447 | 10,006,022 | 7,967,341 | 6,159,946 | 3,421,283 | 2,995,847 | 2,771,680 | 3,364,046 | 3,261,635 | 2,537,089 | 2,017,031 | 1,546,697 |
Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 649,439 | 1,422,074 | 1,085,432 | 2,769,028 | 3,127,321 | 2,777,390 | 3,445,561 | 1,596,751 | 1,328,222 | 2,183,087 | 1,178,709 | 2,402,622 | 3,502,328 | 2,653,369 | 3,142,253 |
Depreciation | 0 | 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 | 0 |
Tax | 440,969 | -213,773 | 250,227 | -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 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 2,400,811 | 1,515,459 | -2,412,255 | 468,455 | 6,456,935 | 997,221 | 1,472,648 | -1,552,119 | 3,391,145 | -6,450,993 | 1,563,085 | 579,362 | 1,807,996 | 877,917 | 5,617,876 |
Creditors | 1,563,349 | 976,198 | -5,370,715 | -526,450 | 4,778,060 | 579,191 | 514,085 | 251,126 | 1,192,305 | -2,250,507 | -1,965,732 | 1,884,608 | 1,528,683 | -408,979 | 3,058,538 |
Accruals and Deferred Income | -10,275 | -13,710 | -1,433,988 | 547,745 | -1,327,121 | -321,222 | 2,296,720 | -499,826 | 287,785 | -216,425 | -69,372 | -1,033,821 | 352,443 | 73,689 | 1,511,204 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 242,671 | 655,330 | -3,056,789 | 1,971,680 | -478,990 | 1,560,897 | 4,075,682 | 2,472,546 | -891,026 | 5,577,356 | -2,801,563 | 1,991,448 | 2,208,462 | 596,689 | 1,066,076 |
Investing Activities | |||||||||||||||
capital expenditure | 0 | 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 | 0 |
cash flow from investments | 0 | 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 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -1,946,397 | -1,147,731 | 1,473,278 | -2,779,819 | 1,891,637 | -241,456 | -461,379 | 1,761,022 | 1,450,845 |
Other Short Term Loans | 0 | 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 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 8,593 | 3,767 | 1,231 | 8,585 | 11,675 | 0 | 0 | 6,309 | 4,138 | 14,339 | 5,785 | 4,523 | 4,726 | 10,438 | 99,107 |
cash flow from financing | 8,593 | 3,767 | 1,231 | 8,585 | 11,675 | -500,000 | -1,946,397 | -1,141,422 | 1,477,416 | -2,765,480 | 1,897,422 | -236,933 | -456,653 | 1,771,460 | 3,130,832 |
cash and cash equivalents | |||||||||||||||
cash | -1,235,477 | 557,668 | -4,215,748 | 580,265 | -967,315 | 1,068,143 | 2,130,423 | 581,124 | -213,610 | 611,876 | -1,604,141 | 754,515 | 131,809 | 1,023,149 | 1,944,408 |
overdraft | -886,741 | 898,571 | 39,810 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -348,736 | -340,903 | -4,255,558 | 580,265 | -967,315 | 1,068,143 | 2,130,423 | 581,124 | -213,610 | 611,876 | -1,604,141 | 754,515 | 131,809 | 1,023,149 | 1,944,408 |
atlantic contracts limited Credit Report and Business Information
Atlantic Contracts Limited Competitor Analysis

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 directors
Atlantic Contracts Limited currently has 11 directors. The longest serving directors include Mr Michael Masterson (Jun 2001) and Mr Alastair Cole (Jun 2001).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael Masterson | England | 74 years | Jun 2001 | - | Director |
Mr Alastair Cole | United Kingdom | 59 years | Jun 2001 | - | Director |
Mrs Mona Masterson | England | 73 years | Jun 2001 | - | Director |
Mr Nathan Paskell | United Kingdom | 53 years | Nov 2004 | - | Director |
Mr Sean Masterson | United Kingdom | 47 years | Jun 2007 | - | Director |
Mr Keith Masterson | England | 51 years | Jun 2007 | - | Director |
Mr Michael Masterson | England | 44 years | Jul 2009 | - | Director |
Mr Andrew Chowings | England | 59 years | Jan 2010 | - | Director |
Mr Terry Dyett | England | 60 years | Jan 2011 | - | Director |
Mr Richard Watts | United Kingdom | 49 years | Feb 2014 | - | Director |
P&L
August 2023turnover
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 2023net 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.
Click to start generating capital raising & share issue transactions for ATLANTIC CONTRACTS LIMITED. This can take several minutes, an email will notify you when this has completed.
atlantic contracts limited Companies House Filings - See Documents
date | description | view/download |
---|