Ateres Embroidery Ltd

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ateres embroidery ltd Company Information

Company Number

04648480

Next Accounts

123 days late

Directors

Jonathan Gluck

Shareholders

jonathan gluck

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

12 fairholt close, london, N16 5EL

Website

www.ateres.co.uk

ateres embroidery ltd Estimated Valuation

£72.3k

Pomanda estimates the enterprise value of ATERES EMBROIDERY LTD at £72.3k based on a Turnover of £106k and 0.68x industry multiple (adjusted for size and gross margin).

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Ateres Embroidery Ltd is a live company located in london, N16 5EL with a Companies House number of 04648480. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 2003, it's largest shareholder is jonathan gluck with a 100% stake. Ateres Embroidery Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £106k with declining growth in recent years.

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Pomanda's financial health check has awarded Ateres Embroidery Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £106k, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (3.6%)

EXPORT

Ateres Embroidery Ltd's latest turnover from January 2023 is estimated at £106 thousand and the company has net assets of £25.2 thousand. According to their latest financial statements, Ateres Embroidery Ltd has 1 employee and maintains cash reserves of £38.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	105,993	55,367	181,588	485,250	411,125	1	212,870	97,774	169,495	105,201	181,465	203,355	89,629	177,259
Other Income Or Grants
Cost Of Sales	74,480	38,757	129,202	341,151	285,350	1	144,027	66,515	115,809	71,223	123,469	137,205	60,507	119,322
Gross Profit	31,513	16,610	52,385	144,100	125,775		68,843	31,258	53,686	33,978	57,996	66,150	29,122	57,937
Admin Expenses	32,036	16,235	51,975	143,751	125,267	-705	67,947	30,236	50,985	31,376	55,771	62,911	26,286	41,185
Operating Profit	-523	375	410	349	508	705	896	1,022	2,701	2,602	2,225	3,239	2,836	16,752
Interest Payable							2,633	1,165					951	951
Interest Receivable	1,190	56	12	53	29	22	12	7	1	20	39	19	9	9
Pre-Tax Profit	667	431	422	402	537	727	908	1,029	2,703	2,622	2,263	3,258	1,894	15,810
Tax	-127	-82	-80	-76	-102	-138	-181	-206	-568	-603	-543	-847	-530	-4,427
Profit After Tax	540	349	342	326	435	589	726	823	2,135	2,019	1,720	2,411	1,364	11,383
Dividends Paid
Retained Profit	540	349	342	326	435	589	726	823	2,135	2,019	1,720	2,411	1,364	11,383
Employee Costs	40,034	38,483	37,145	147,824	108,938	140,271	67,960	33,201	65,765	31,600	62,806	62,431	30,473	59,541
Number Of Employees	1	1	1	4	3	4	2	1	2	1	2	2	1	2
EBITDA*	676	1,707	1,890	1,887	2,217	2,604	3,006	3,367	4,500	5,475	4,244	5,323	3,897	17,973

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	10,791	11,990	13,322	13,856	15,394	17,103	19,002	21,112	23,457	24,857	18,169	18,756	8,402	9,463
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	10,791	11,990	13,322	13,856	15,394	17,103	19,002	21,112	23,457	24,857	18,169	18,756	8,402	9,463
Stock & work in progress	19,280	15,979	53,910	72,719	92,290	73,685	47,696	28,984	31,446	31,680	59,680	67,588	34,150	39,870
Trade Debtors	5,272	1,553								2,658	1,671	1,671	1,671
Group Debtors
Misc Debtors	1,058													1,671
Cash	38,801	29,200	15,759	8,347	5,910	1,741	6,943	2,333	435		7,906	7,546		3,497
misc current assets
total current assets	64,411	46,732	69,669	81,066	98,200	75,426	54,639	31,317	31,881	34,338	69,257	76,805	35,821	45,038
total assets	75,202	58,722	82,991	94,922	113,594	92,529	73,641	52,429	55,338	59,195	87,426	95,561	44,223	54,501
Bank overdraft														7,185
Bank loan
Trade Creditors	30,158	665				40,055	27,798	12,645	34,305	40,297	70,547	80,402	31,475
Group/Directors Accounts
other short term finances														22,062
hp & lease commitments
other current liabilities	19,881	33,434	58,717	70,990	89,988	29,303	23,261	17,928						13,870
total current liabilities	50,039	34,099	58,717	70,990	89,988	69,358	51,059	30,573	34,305	40,297	70,547	80,402	31,475	43,117
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	50,039	34,099	58,717	70,990	89,988	69,358	51,059	30,573	34,305	40,297	70,547	80,402	31,475	43,117
net assets	25,163	24,623	24,274	23,932	23,606	23,171	22,582	21,856	21,033	18,898	16,879	15,159	12,748	11,384
total shareholders funds	25,163	24,623	24,274	23,932	23,606	23,171	22,582	21,856	21,033	18,898	16,879	15,159	12,748	11,384

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-523	375	410	349	508	705	896	1,022	2,701	2,602	2,225	3,239	2,836	16,752
Depreciation	1,199	1,332	1,480	1,538	1,709	1,899	2,110	2,345	1,799	2,873	2,019	2,084	1,061	1,221
Amortisation
Tax	-127	-82	-80	-76	-102	-138	-181	-206	-568	-603	-543	-847	-530	-4,427
Stock	3,301	-37,931	-18,809	-19,571	18,605	25,989	18,712	-2,462	-234	-28,000	-7,908	33,438	-5,720	39,870
Debtors	4,777	1,553							-2,658	987				1,671
Creditors	29,493	665			-40,055	12,257	15,153	-21,660	-5,992	-30,250	-9,855	48,927	31,475
Accruals and Deferred Income	-13,553	-25,283	-12,273	-18,998	60,685	6,042	5,333	17,928					-13,870	13,870
Deferred Taxes & Provisions
Cash flow from operations	8,411	13,385	8,346	2,384	4,140	-5,224	4,599	1,891	832	1,635	1,754	19,965	26,692	-14,125
Investing Activities
capital expenditure			-946						-399	-9,561	-1,432	-12,438		-10,684
Change in Investments
cash flow from investments			-946						-399	-9,561	-1,432	-12,438		-10,684
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans													-22,062	22,062
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue														1
interest	1,190	56	12	53	29	22	-2,621	-1,158	1	20	39	19	-942	-942
cash flow from financing	1,190	56	12	53	29	22	-2,621	-1,158	1	20	39	19	-23,004	21,121
cash and cash equivalents
cash	9,601	13,441	7,412	2,437	4,169	-5,202	4,610	1,898	435	-7,906	360	7,546	-3,497	3,497
overdraft													-7,185	7,185
change in cash	9,601	13,441	7,412	2,437	4,169	-5,202	4,610	1,898	435	-7,906	360	7,546	3,688	-3,688

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 ateres embroidery ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.

ATERES EMBROIDERY LTD group structure

Ateres Embroidery Ltd has no subsidiary companies.

Ultimate parent company

ATERES EMBROIDERY LTD

04648480

ATERES EMBROIDERY LTD Shareholders

jonathan gluck

100%

Ateres Embroidery Ltd currently has 1 director, Mr Jonathan Gluck serving since Feb 2011.

officer	country	age	start	end	role
Mr Jonathan Gluck		51 years	Feb 2011	-	Director

P&L

January 2023

turnover

106k

+91%

operating profit

-523.4

gross margin

29.8%

-0.89%

turnover

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

Balance Sheet

January 2023

net assets

25.2k

+0.02%

total assets

75.2k

+0.28%

cash

38.8k

+0.33%

net assets

Total assets minus all liabilities

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company number

04648480

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

January 2003

ultimate parent company

None

previous names

N/A

address

12 fairholt close, london, N16 5EL

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 did not find charges/mortgages relating to ateres embroidery ltd.

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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ateres embroidery ltd Company Information

ateres embroidery ltd Estimated Valuation

ateres embroidery ltd Estimated Valuation

ateres embroidery ltd Estimated Valuation

Ateres Embroidery Ltd Overview

Ateres Embroidery Ltd Health Check

ATERES EMBROIDERY LTD financials

ateres embroidery ltd Credit Report and Business Information

Ateres Embroidery Ltd Competitor Analysis

ateres embroidery ltd Ownership

ateres embroidery ltd directors

ateres embroidery ltd company details

ateres embroidery ltd Charges & Mortgages

ateres embroidery ltd Capital Raised & Share Issues BETA

ateres embroidery ltd Companies House Filings - See Documents