adtran europe limited
adtran europe limited Company Information
Company Number
05320461
Next Accounts
154 days late
Shareholders
adtran inc.
Group Structure
View All
Industry
Other telecommunications activities
+1Registered Address
1st floor rosewood, chineham business park, basingstoke, RG24 8UT
Website
www.adtran.comadtran europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADTRAN EUROPE LIMITED at £81.1m based on a Turnover of £101.2m and 0.8x industry multiple (adjusted for size and gross margin).
adtran europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADTRAN EUROPE LIMITED at £14.6m based on an EBITDA of £3.1m and a 4.77x industry multiple (adjusted for size and gross margin).
adtran europe limited Estimated Valuation
Pomanda estimates the enterprise value of ADTRAN EUROPE LIMITED at £12m based on Net Assets of £5.4m and 2.24x industry multiple (adjusted for liquidity).
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Adtran Europe Limited Overview
Adtran Europe Limited is a live company located in basingstoke, RG24 8UT with a Companies House number of 05320461. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in December 2004, it's largest shareholder is adtran inc. with a 100% stake. Adtran Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £101.2m with rapid growth in recent years.
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Adtran Europe Limited Health Check
Pomanda's financial health check has awarded Adtran Europe Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £101.2m, make it larger than the average company (£13.7m)
£101.2m - Adtran Europe Limited
£13.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 359%, show it is growing at a faster rate (4%)
- Adtran Europe Limited
4% - Industry AVG
Production
with a gross margin of 8.6%, this company has a higher cost of product (31.4%)
8.6% - Adtran Europe Limited
31.4% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (4.6%)
3% - Adtran Europe Limited
4.6% - Industry AVG
Employees
with 32 employees, this is below the industry average (42)
32 - Adtran Europe Limited
42 - Industry AVG
Pay Structure
on an average salary of £123.7k, the company has a higher pay structure (£60.2k)
£123.7k - Adtran Europe Limited
£60.2k - Industry AVG
Efficiency
resulting in sales per employee of £3.2m, this is more efficient (£367.8k)
£3.2m - Adtran Europe Limited
£367.8k - Industry AVG
Debtor Days
it gets paid by customers after 95 days, this is later than average (52 days)
95 days - Adtran Europe Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (37 days)
4 days - Adtran Europe Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is less than average (41 days)
19 days - Adtran Europe Limited
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (10 weeks)
12 weeks - Adtran Europe Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.4%, this is a higher level of debt than the average (61.7%)
86.4% - Adtran Europe Limited
61.7% - Industry AVG
ADTRAN EUROPE LIMITED financials
Adtran Europe Limited's latest turnover from December 2022 is £101.2 million and the company has net assets of £5.4 million. According to their latest financial statements, Adtran Europe Limited has 32 employees and maintains cash reserves of £7.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 101,193,700 | 42,797,976 | 12,514,912 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 92,508,301 | 38,350,607 | 10,191,329 | |||||||||||
| Gross Profit | 8,685,399 | 4,447,369 | 2,323,583 | |||||||||||
| Admin Expenses | 5,649,588 | 3,163,430 | 1,948,136 | |||||||||||
| Operating Profit | 3,035,811 | 1,283,939 | 375,447 | |||||||||||
| Interest Payable | 23 | 40 | 443 | |||||||||||
| Interest Receivable | 7 | |||||||||||||
| Pre-Tax Profit | 3,035,795 | 1,283,899 | 375,004 | |||||||||||
| Tax | -624,005 | -243,941 | -69,328 | |||||||||||
| Profit After Tax | 2,411,790 | 1,039,958 | 305,676 | |||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | 2,411,790 | 1,039,958 | 305,676 | |||||||||||
| Employee Costs | 3,957,327 | 2,557,434 | 1,591,025 | |||||||||||
| Number Of Employees | 32 | 19 | 11 | 6 | 7 | 7 | 7 | 7 | ||||||
| EBITDA* | 3,052,054 | 1,301,296 | 418,434 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,370 | 44,069 | 45,581 | 67,104 | 112,766 | 201,970 | 263,427 | 91,813 | 105,156 | 139,228 | 179,997 | 242,179 | 258,692 | 7,061 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 40,370 | 44,069 | 45,581 | 67,104 | 112,766 | 201,970 | 263,427 | 91,813 | 105,156 | 139,228 | 179,997 | 242,179 | 258,692 | 7,061 |
| Stock & work in progress | 4,959,684 | 893,733 | 2,776,662 | |||||||||||
| Trade Debtors | 26,341,677 | 20,518,800 | 7,386,657 | 110,652 | 26,571 | 9,857 | 37,200 | 618,403 | 612,030 | 503,500 | 405,423 | 294,185 | 338,360 | 249,946 |
| Group Debtors | 223,411 | 1,624,685 | 1,285,413 | 606,729 | 440,267 | |||||||||
| Misc Debtors | 199,041 | 15,464 | 278,287 | 90,613 | 29,896 | 43,502 | 68,096 | 39,938 | ||||||
| Cash | 7,906,428 | 3,355,174 | 3,827,673 | 465,822 | 344,387 | 162,165 | 125,155 | 139,262 | 79,069 | 110,437 | 72,818 | 69,113 | 38,390 | 76,060 |
| misc current assets | 72,739 | 23,261 | ||||||||||||
| total current assets | 39,406,830 | 24,783,171 | 14,492,690 | 2,291,772 | 1,686,267 | 822,253 | 670,718 | 797,603 | 691,099 | 613,937 | 478,241 | 363,298 | 449,489 | 349,267 |
| total assets | 39,447,200 | 24,827,240 | 14,538,271 | 2,358,876 | 1,799,033 | 1,024,223 | 934,145 | 889,416 | 796,255 | 753,165 | 658,238 | 605,477 | 708,181 | 356,328 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 1,042,337 | 508,101 | 308,679 | 117,240 | 52,264 | 13,516 | 39,623 | 34,426 | 162,621 | 186,164 | 165,004 | 176,007 | 376,649 | 112,068 |
| Group/Directors Accounts | 22,640,932 | 18,762,484 | 12,551,079 | 992,366 | 660,674 | |||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 10,405,687 | 2,996,905 | 228,087 | 160,065 | 105,115 | 84,524 | 94,775 | 148,042 | ||||||
| total current liabilities | 34,088,956 | 22,267,490 | 13,087,845 | 1,269,671 | 818,053 | 98,040 | 134,398 | 182,468 | 162,621 | 186,164 | 165,004 | 176,007 | 376,649 | 112,068 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 1,659 | 15,257 | 27,820 | 5,859 | 5,859 | |||||||||
| total long term liabilities | 1,659 | 15,257 | 27,820 | 5,859 | 5,859 | |||||||||
| total liabilities | 34,088,956 | 22,267,490 | 13,087,845 | 1,269,671 | 819,712 | 113,297 | 162,218 | 188,327 | 168,480 | 186,164 | 165,004 | 176,007 | 376,649 | 112,068 |
| net assets | 5,358,244 | 2,559,750 | 1,450,426 | 1,089,205 | 979,321 | 910,926 | 771,927 | 701,089 | 627,775 | 567,001 | 493,234 | 429,470 | 331,532 | 244,260 |
| total shareholders funds | 5,358,244 | 2,559,750 | 1,450,426 | 1,089,205 | 979,321 | 910,926 | 771,927 | 701,089 | 627,775 | 567,001 | 493,234 | 429,470 | 331,532 | 244,260 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,035,811 | 1,283,939 | 375,447 | |||||||||||
| Depreciation | 16,243 | 17,357 | 42,987 | 45,662 | 64,479 | 70,059 | 59,842 | 29,544 | 35,590 | 41,669 | 63,695 | 90,754 | 9,470 | 3,085 |
| Amortisation | ||||||||||||||
| Tax | -624,005 | -243,941 | -69,328 | |||||||||||
| Stock | 4,065,951 | -1,882,929 | 2,776,662 | |||||||||||
| Debtors | 6,006,454 | 12,645,909 | 6,062,405 | 484,070 | 681,792 | 114,525 | -112,778 | 46,311 | 108,530 | 98,077 | 111,238 | -44,175 | 88,414 | 249,946 |
| Creditors | 534,236 | 199,422 | 191,439 | 64,976 | 38,748 | -26,107 | 5,197 | -128,195 | -23,543 | 21,160 | -11,003 | -200,642 | 264,581 | 112,068 |
| Accruals and Deferred Income | 7,408,782 | 2,768,818 | 68,022 | 54,950 | 20,591 | -10,251 | -53,267 | 148,042 | ||||||
| Deferred Taxes & Provisions | -1,659 | -13,598 | -12,563 | 21,961 | 5,859 | |||||||||
| Cash flow from operations | 298,662 | -6,737,385 | -8,230,500 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 3,878,448 | 6,211,405 | 11,558,713 | 331,692 | 660,674 | |||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -16 | -40 | -443 | |||||||||||
| cash flow from financing | 4,265,136 | 6,280,731 | 11,613,815 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 4,551,254 | -472,499 | 3,361,851 | 121,435 | 182,222 | 37,010 | -14,107 | 60,193 | -31,368 | 37,619 | 3,705 | 30,723 | -37,670 | 76,060 |
| overdraft | ||||||||||||||
| change in cash | 4,551,254 | -472,499 | 3,361,851 | 121,435 | 182,222 | 37,010 | -14,107 | 60,193 | -31,368 | 37,619 | 3,705 | 30,723 | -37,670 | 76,060 |
adtran europe limited Credit Report and Business Information
Adtran Europe Limited Competitor Analysis
Perform a competitor analysis for adtran europe limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in RG24 area or any other competitors across 12 key performance metrics.
adtran europe limited Ownership
ADTRAN EUROPE LIMITED group structure
Adtran Europe Limited has no subsidiary companies.
Ultimate parent company
ADTRAN INC
#0066290
1 parent
ADTRAN EUROPE LIMITED
05320461
adtran europe limited directors
Adtran Europe Limited currently has 3 directors. The longest serving directors include Mr Gunnar Wilsdorf (Oct 2023) and Mr Stuart Broome (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gunnar Wilsdorf | England | 57 years | Oct 2023 | - | Director |
| Mr Stuart Broome | England | 52 years | Oct 2023 | - | Director |
| Mr Ulrich Dopfer | England | 57 years | Oct 2023 | - | Director |
P&L
December 2022turnover
101.2m
+136%
operating profit
3m
+136%
gross margin
8.6%
-17.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.4m
+1.09%
total assets
39.4m
+0.59%
cash
7.9m
+1.36%
net assets
Total assets minus all liabilities
adtran europe limited company details
company number
05320461
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
46520 - Wholesale of electronic and telecommunications equipment and parts
incorporation date
December 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
bla 1009 limited (April 2006)
accountant
-
auditor
ECOVIS WINGRAVE YEATS LLP
address
1st floor rosewood, chineham business park, basingstoke, RG24 8UT
Bank
-
Legal Advisor
-
adtran europe 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 3 charges/mortgages relating to adtran europe limited. Currently there are 1 open charges and 2 have been satisfied in the past.
adtran europe 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 ADTRAN EUROPE LIMITED. This can take several minutes, an email will notify you when this has completed.
adtran europe limited Companies House Filings - See Documents
| date | description | view/download |
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