atlantic inertial systems limited
atlantic inertial systems limited Company Information
Company Number
06208660
Next Accounts
Sep 2025
Shareholders
keeney hill limited
Group Structure
View All
Industry
Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
Registered Address
clittaford road, southway, plymouth, devon, PL6 6DE
atlantic inertial systems limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC INERTIAL SYSTEMS LIMITED at £69.2m based on a Turnover of £44.2m and 1.56x industry multiple (adjusted for size and gross margin).
atlantic inertial systems limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC INERTIAL SYSTEMS LIMITED at £49m based on an EBITDA of £5.5m and a 8.89x industry multiple (adjusted for size and gross margin).
atlantic inertial systems limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC INERTIAL SYSTEMS LIMITED at £139.9m based on Net Assets of £55.9m and 2.5x industry multiple (adjusted for liquidity).
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Atlantic Inertial Systems Limited Overview
Atlantic Inertial Systems Limited is a live company located in plymouth, PL6 6DE with a Companies House number of 06208660. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in April 2007, it's largest shareholder is keeney hill limited with a 100% stake. Atlantic Inertial Systems Limited is a established, large sized company, Pomanda has estimated its turnover at £44.2m with declining growth in recent years.
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Atlantic Inertial Systems Limited Health Check
Pomanda's financial health check has awarded Atlantic Inertial Systems Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £44.2m, make it larger than the average company (£12.8m)
£44.2m - Atlantic Inertial Systems Limited
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (8.2%)
-18% - Atlantic Inertial Systems Limited
8.2% - Industry AVG
Production
with a gross margin of 24.4%, this company has a higher cost of product (40.8%)
24.4% - Atlantic Inertial Systems Limited
40.8% - Industry AVG
Profitability
an operating margin of 6.7% make it less profitable than the average company (8.8%)
6.7% - Atlantic Inertial Systems Limited
8.8% - Industry AVG
Employees
with 341 employees, this is above the industry average (68)
341 - Atlantic Inertial Systems Limited
68 - Industry AVG
Pay Structure
on an average salary of £47.5k, the company has an equivalent pay structure (£55k)
£47.5k - Atlantic Inertial Systems Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £129.7k, this is less efficient (£203.3k)
£129.7k - Atlantic Inertial Systems Limited
£203.3k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (50 days)
70 days - Atlantic Inertial Systems Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (38 days)
59 days - Atlantic Inertial Systems Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 178 days, this is more than average (97 days)
178 days - Atlantic Inertial Systems Limited
97 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Atlantic Inertial Systems Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.5%, this is a similar level of debt than the average (38.5%)
40.5% - Atlantic Inertial Systems Limited
38.5% - Industry AVG
ATLANTIC INERTIAL SYSTEMS LIMITED financials
Atlantic Inertial Systems Limited's latest turnover from December 2023 is £44.2 million and the company has net assets of £55.9 million. According to their latest financial statements, Atlantic Inertial Systems Limited has 341 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 44,232,000 | 62,259,000 | 82,170,000 | 81,534,000 | 84,213,000 | 65,278,000 | 56,383,000 | 54,155,000 | 46,816,000 | 41,267,000 | 43,321,000 | 44,053,000 | 46,526,000 | 37,924,000 | 41,142,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 33,432,000 | 37,924,000 | 48,386,000 | 44,074,000 | 47,201,000 | 38,401,000 | 25,945,000 | 27,408,000 | 28,520,000 | 28,212,000 | 23,023,000 | 26,005,000 | 28,143,000 | 23,896,000 | 26,023,000 |
| Gross Profit | 10,800,000 | 24,335,000 | 33,784,000 | 37,460,000 | 37,012,000 | 26,877,000 | 30,438,000 | 26,747,000 | 18,296,000 | 13,055,000 | 20,298,000 | 18,048,000 | 18,383,000 | 14,028,000 | 15,119,000 |
| Admin Expenses | 7,851,000 | 10,713,000 | 7,573,000 | 11,621,000 | 11,111,000 | 9,298,000 | 7,847,000 | 7,524,000 | 7,297,000 | 4,672,000 | 6,948,000 | 10,428,000 | 9,511,000 | 9,010,000 | 9,252,000 |
| Operating Profit | 2,949,000 | 13,622,000 | 26,211,000 | 25,839,000 | 25,901,000 | 17,579,000 | 22,591,000 | 19,223,000 | 10,999,000 | 8,383,000 | 13,350,000 | 7,620,000 | 8,872,000 | 5,018,000 | 5,867,000 |
| Interest Payable | 1,000 | 3,000 | 11,000 | 16,000 | 8,000 | 8,000 | 34,000 | 2,579,000 | |||||||
| Interest Receivable | 1,681,000 | 279,000 | 7,000 | 122,000 | 126,000 | 557,000 | 194,000 | 251,000 | 251,000 | 223,000 | 184,000 | 92,000 | 49,000 | 21,000 | 3,000 |
| Pre-Tax Profit | 5,792,000 | 13,901,000 | 26,217,000 | 25,958,000 | 28,016,000 | 18,136,000 | 23,135,000 | 19,458,000 | 11,250,000 | 8,606,000 | 13,534,000 | 7,704,000 | 8,913,000 | 5,005,000 | 3,291,000 |
| Tax | -812,000 | -1,707,000 | 2,484,000 | 657,000 | -1,387,000 | -2,897,000 | -4,083,000 | 2,045,000 | -2,134,000 | 1,187,000 | -1,283,000 | 272,000 | -1,051,000 | -1,115,000 | -970,000 |
| Profit After Tax | 4,980,000 | 12,194,000 | 28,701,000 | 26,615,000 | 26,629,000 | 15,239,000 | 19,052,000 | 21,503,000 | 9,116,000 | 9,793,000 | 12,251,000 | 7,976,000 | 7,862,000 | 3,890,000 | 2,321,000 |
| Dividends Paid | 15,000,000 | 45,000,000 | 40,000,000 | 88,100,000 | |||||||||||
| Retained Profit | -10,020,000 | -32,806,000 | -11,299,000 | 26,615,000 | 26,629,000 | -72,861,000 | 19,052,000 | 21,503,000 | 9,116,000 | 9,793,000 | 12,251,000 | 7,976,000 | 7,862,000 | 3,890,000 | 2,321,000 |
| Employee Costs | 16,204,000 | 16,436,000 | 17,900,000 | 17,323,000 | 16,764,000 | 14,605,000 | 12,799,000 | 11,750,000 | 11,988,000 | 11,928,000 | 12,155,000 | 12,338,000 | 11,567,000 | 11,087,000 | 11,968,000 |
| Number Of Employees | 341 | 401 | 349 | 348 | 327 | 266 | 247 | 246 | 245 | 266 | 267 | 267 | 253 | 240 | 253 |
| EBITDA* | 5,517,000 | 16,267,000 | 28,576,000 | 27,838,000 | 27,111,000 | 18,576,000 | 23,517,000 | 20,149,000 | 11,889,000 | 9,316,000 | 14,265,000 | 10,756,000 | 12,329,000 | 8,308,000 | 9,247,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 11,731,000 | 12,416,000 | 13,153,000 | 13,425,000 | 18,612,000 | 15,650,000 | 13,316,000 | 11,806,000 | 11,348,000 | 12,034,000 | 5,464,000 | 5,292,000 | 5,782,000 | 6,521,000 | 7,456,000 |
| Intangible Assets | 23,783,000 | 23,120,000 | 26,137,000 | 24,989,000 | 22,593,000 | 19,974,000 | 18,870,000 | 17,145,000 | 16,771,000 | 16,419,000 | 15,923,000 | 14,530,000 | 16,026,000 | 17,547,000 | 18,909,000 |
| Investments & Other | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 | 6,549,000 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 42,063,000 | 42,085,000 | 45,839,000 | 44,963,000 | 41,205,000 | 35,624,000 | 32,186,000 | 28,951,000 | 28,119,000 | 28,453,000 | 27,936,000 | 26,371,000 | 28,357,000 | 30,617,000 | 32,914,000 |
| Stock & work in progress | 16,309,000 | 9,678,000 | 6,940,000 | 8,283,000 | 6,502,000 | 9,199,000 | 5,275,000 | 1,959,000 | 2,777,000 | 1,932,000 | 3,474,000 | 2,965,000 | 2,319,000 | 5,644,000 | 3,506,000 |
| Trade Debtors | 8,571,000 | 16,851,000 | 19,052,000 | 5,740,000 | 19,692,000 | 19,063,000 | 10,828,000 | 12,277,000 | 8,969,000 | 8,513,000 | 4,472,000 | 5,528,000 | 6,644,000 | 5,385,000 | 7,511,000 |
| Group Debtors | 23,534,000 | 17,448,000 | 49,183,000 | 71,034,000 | 39,989,000 | 20,242,000 | 95,829,000 | 81,277,000 | 62,063,000 | 51,763,000 | 43,638,000 | 32,093,000 | 5,387,000 | 3,669,000 | 82,000 |
| Misc Debtors | 3,581,000 | 2,370,000 | 5,228,000 | 10,375,000 | 1,999,000 | 1,308,000 | 2,698,000 | 1,268,000 | 776,000 | 1,591,000 | 1,456,000 | 1,727,000 | 1,425,000 | 627,000 | 347,000 |
| Cash | 4,454,000 | 20,946,000 | 8,706,000 | 7,070,000 | |||||||||||
| misc current assets | 373,000 | 412,000 | |||||||||||||
| total current assets | 51,995,000 | 46,347,000 | 80,403,000 | 95,432,000 | 68,182,000 | 49,812,000 | 114,630,000 | 96,781,000 | 74,958,000 | 64,211,000 | 53,040,000 | 46,767,000 | 36,721,000 | 24,031,000 | 18,516,000 |
| total assets | 94,058,000 | 88,432,000 | 126,242,000 | 140,395,000 | 109,387,000 | 85,436,000 | 146,816,000 | 125,732,000 | 103,077,000 | 92,664,000 | 80,976,000 | 73,138,000 | 65,078,000 | 54,648,000 | 51,430,000 |
| Bank overdraft | 1,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 5,418,000 | 7,693,000 | 9,787,000 | 6,364,000 | 5,869,000 | 8,477,000 | 5,538,000 | 3,150,000 | 1,852,000 | 1,656,000 | 2,720,000 | 3,176,000 | 1,673,000 | 2,231,000 | 2,170,000 |
| Group/Directors Accounts | 1,905,000 | 1,798,000 | 1,923,000 | 1,963,000 | 1,981,000 | 1,258,000 | 368,000 | 52,000 | 2,572,000 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 203,000 | 68,000 | 88,000 | 78,000 | 63,000 | ||||||||||
| other current liabilities | 27,096,000 | 10,426,000 | 11,009,000 | 16,656,000 | 14,603,000 | 16,039,000 | 12,423,000 | 12,357,000 | 11,714,000 | 11,272,000 | 5,875,000 | 8,184,000 | 12,362,000 | 9,243,000 | 6,750,000 |
| total current liabilities | 34,622,000 | 19,985,000 | 22,807,000 | 25,061,000 | 20,535,000 | 24,516,000 | 17,961,000 | 15,507,000 | 13,566,000 | 12,928,000 | 10,576,000 | 12,619,000 | 14,403,000 | 11,526,000 | 11,492,000 |
| loans | 120,000 | ||||||||||||||
| hp & lease commitments | 514,000 | 36,000 | 116,000 | 143,000 | 60,000 | ||||||||||
| Accruals and Deferred Income | 5,035,000 | 3,672,000 | 50,000 | 75,000 | 445,000 | ||||||||||
| other liabilities | 351,000 | 2,887,000 | 4,644,000 | 1,782,000 | 535,000 | 650,000 | 1,094,000 | ||||||||
| provisions | 2,994,000 | 2,112,000 | 1,678,000 | 494,000 | 638,000 | 878,000 | 168,000 | 1,020,000 | 2,614,000 | 1,296,000 | 1,105,000 | 1,693,000 | 1,091,000 | 1,260,000 | 1,152,000 |
| total long term liabilities | 3,508,000 | 2,499,000 | 4,681,000 | 5,281,000 | 5,414,000 | 4,111,000 | 84,000 | 510,000 | 1,307,000 | 648,000 | 1,105,000 | 3,475,000 | 1,676,000 | 1,985,000 | 2,691,000 |
| total liabilities | 38,130,000 | 22,484,000 | 27,488,000 | 30,342,000 | 25,949,000 | 28,627,000 | 18,045,000 | 16,017,000 | 14,873,000 | 13,576,000 | 11,681,000 | 16,094,000 | 16,079,000 | 13,511,000 | 14,183,000 |
| net assets | 55,928,000 | 65,948,000 | 98,754,000 | 110,053,000 | 83,438,000 | 56,809,000 | 128,771,000 | 109,715,000 | 88,204,000 | 79,088,000 | 69,295,000 | 57,044,000 | 48,999,000 | 41,137,000 | 37,247,000 |
| total shareholders funds | 55,928,000 | 65,948,000 | 98,754,000 | 110,053,000 | 83,438,000 | 56,809,000 | 128,771,000 | 109,715,000 | 88,204,000 | 79,088,000 | 69,295,000 | 57,044,000 | 48,999,000 | 41,137,000 | 37,247,000 |
| Dec 2023 | 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 | 2,949,000 | 13,622,000 | 26,211,000 | 25,839,000 | 25,901,000 | 17,579,000 | 22,591,000 | 19,223,000 | 10,999,000 | 8,383,000 | 13,350,000 | 7,620,000 | 8,872,000 | 5,018,000 | 5,867,000 |
| Depreciation | 1,452,000 | 1,431,000 | 1,297,000 | 1,076,000 | 1,014,000 | 743,000 | 723,000 | 723,000 | 830,000 | 873,000 | 915,000 | 1,576,000 | 1,912,000 | 1,749,000 | 1,775,000 |
| Amortisation | 1,116,000 | 1,214,000 | 1,068,000 | 923,000 | 196,000 | 254,000 | 203,000 | 203,000 | 60,000 | 60,000 | 1,560,000 | 1,545,000 | 1,541,000 | 1,605,000 | |
| Tax | -812,000 | -1,707,000 | 2,484,000 | 657,000 | -1,387,000 | -2,897,000 | -4,083,000 | 2,045,000 | -2,134,000 | 1,187,000 | -1,283,000 | 272,000 | -1,051,000 | -1,115,000 | -970,000 |
| Stock | 6,631,000 | 2,738,000 | -1,343,000 | 1,781,000 | -2,697,000 | 3,924,000 | 3,316,000 | -818,000 | 845,000 | -1,542,000 | 509,000 | 646,000 | -3,325,000 | 2,138,000 | 3,506,000 |
| Debtors | -983,000 | -36,794,000 | -13,686,000 | 25,469,000 | 21,067,000 | -68,742,000 | 14,533,000 | 23,014,000 | 9,941,000 | 12,301,000 | 10,218,000 | 25,892,000 | 3,775,000 | 1,741,000 | 7,940,000 |
| Creditors | -2,275,000 | -2,094,000 | 3,423,000 | 495,000 | -2,608,000 | 2,939,000 | 2,388,000 | 1,298,000 | 196,000 | -1,064,000 | -456,000 | 1,503,000 | -558,000 | 61,000 | 2,170,000 |
| Accruals and Deferred Income | 16,670,000 | -583,000 | -5,647,000 | -2,982,000 | -73,000 | 7,288,000 | 66,000 | 643,000 | 442,000 | 5,397,000 | -2,309,000 | -4,228,000 | 3,094,000 | 2,123,000 | 7,195,000 |
| Deferred Taxes & Provisions | 882,000 | 434,000 | 1,184,000 | -144,000 | -240,000 | 710,000 | -852,000 | -1,594,000 | 1,318,000 | 191,000 | -588,000 | 602,000 | -169,000 | 108,000 | 1,152,000 |
| Cash flow from operations | 14,334,000 | 46,373,000 | 45,049,000 | -1,386,000 | 4,433,000 | 91,434,000 | 3,187,000 | 345,000 | 925,000 | 4,268,000 | -1,098,000 | -17,633,000 | 13,195,000 | 5,606,000 | 7,348,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 6,549,000 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 107,000 | -125,000 | -40,000 | 1,963,000 | -1,981,000 | 723,000 | 890,000 | 316,000 | -2,520,000 | 2,572,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -120,000 | 120,000 | |||||||||||||
| Hire Purchase and Lease Commitments | 613,000 | -100,000 | -17,000 | 98,000 | 123,000 | ||||||||||
| other long term liabilities | -351,000 | -2,536,000 | -1,757,000 | 4,644,000 | -1,782,000 | 1,247,000 | -115,000 | -444,000 | 1,094,000 | ||||||
| share issue | |||||||||||||||
| interest | 1,681,000 | 279,000 | 6,000 | 119,000 | 115,000 | 557,000 | 194,000 | 235,000 | 251,000 | 223,000 | 184,000 | 84,000 | 41,000 | -13,000 | -2,576,000 |
| cash flow from financing | 2,050,000 | -2,482,000 | -1,808,000 | 6,704,000 | 358,000 | 1,456,000 | 198,000 | 243,000 | 251,000 | -1,758,000 | -875,000 | 2,290,000 | 242,000 | -2,977,000 | 36,016,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -4,454,000 | -16,492,000 | 12,240,000 | 1,636,000 | 7,070,000 | ||||||||||
| overdraft | -1,000 | 1,000 | |||||||||||||
| change in cash | -4,453,000 | -16,493,000 | 12,240,000 | 1,636,000 | 7,070,000 |
atlantic inertial systems limited Credit Report and Business Information
Atlantic Inertial Systems Limited Competitor Analysis
Perform a competitor analysis for atlantic inertial systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in PL6 area or any other competitors across 12 key performance metrics.
atlantic inertial systems limited Ownership
ATLANTIC INERTIAL SYSTEMS LIMITED group structure
Atlantic Inertial Systems Limited has no subsidiary companies.
Ultimate parent company
RTX CORPORATION
#0164160
2 parents
ATLANTIC INERTIAL SYSTEMS LIMITED
06208660
atlantic inertial systems limited directors
Atlantic Inertial Systems Limited currently has 2 directors. The longest serving directors include Mrs Sarah Minett (Jan 2023) and Mrs Samantha Freer (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Minett | England | 55 years | Jan 2023 | - | Director |
| Mrs Samantha Freer | 51 years | Jun 2024 | - | Director |
P&L
December 2023turnover
44.2m
-29%
operating profit
2.9m
-78%
gross margin
24.5%
-37.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
55.9m
-0.15%
total assets
94.1m
+0.06%
cash
0
0%
net assets
Total assets minus all liabilities
atlantic inertial systems limited company details
company number
06208660
Type
Private limited with Share Capital
industry
26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment
incorporation date
April 2007
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
uk guidance acquisition limited (May 2007)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
clittaford road, southway, plymouth, devon, PL6 6DE
Bank
BANK OF AMERICA NA
Legal Advisor
-
atlantic inertial systems 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 atlantic inertial systems limited. Currently there are 0 open charges and 3 have been satisfied in the past.
atlantic inertial systems limited Capital Raised & Share Issues BETA
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atlantic inertial systems limited Companies House Filings - See Documents
| date | description | view/download |
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