atlantic folk limited

atlantic folk limited Company Information

Share ATLANTIC FOLK LIMITED
Live 
EstablishedMicroDeclining

Company Number

07251364

Industry

Retail sale via mail order houses or via Internet

 

Wholesale of household goods (other than musical instruments) n.e.c.

 

Shareholders

hugo middleton

rebecca middleton

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Group Structure

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Contact

Registered Address

churchyard, long sutton, lincolnshire, PE12 9JH

atlantic folk limited Estimated Valuation

£78.2k

Pomanda estimates the enterprise value of ATLANTIC FOLK LIMITED at £78.2k based on a Turnover of £232.6k and 0.34x industry multiple (adjusted for size and gross margin).

atlantic folk limited Estimated Valuation

£117.6k

Pomanda estimates the enterprise value of ATLANTIC FOLK LIMITED at £117.6k based on an EBITDA of £32.3k and a 3.64x industry multiple (adjusted for size and gross margin).

atlantic folk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ATLANTIC FOLK LIMITED at £0 based on Net Assets of £-15.1k and 2.13x industry multiple (adjusted for liquidity).

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Atlantic Folk Limited Overview

Atlantic Folk Limited is a live company located in lincolnshire, PE12 9JH with a Companies House number of 07251364. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46499. Founded in May 2010, it's largest shareholder is hugo middleton with a 47.5% stake. Atlantic Folk Limited is a established, micro sized company, Pomanda has estimated its turnover at £232.6k with declining growth in recent years.

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Atlantic Folk Limited Health Check

Pomanda's financial health check has awarded Atlantic Folk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

8 Weak

size

Size

annual sales of £232.6k, make it smaller than the average company (£9.9m)

£232.6k - Atlantic Folk Limited

£9.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (4%)

-50% - Atlantic Folk Limited

4% - Industry AVG

production

Production

with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)

34.9% - Atlantic Folk Limited

34.9% - Industry AVG

profitability

Profitability

an operating margin of 10.6% make it more profitable than the average company (3.5%)

10.6% - Atlantic Folk Limited

3.5% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (31)

2 - Atlantic Folk Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £37k, the company has an equivalent pay structure (£37k)

£37k - Atlantic Folk Limited

£37k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £116.3k, this is less efficient (£259.6k)

£116.3k - Atlantic Folk Limited

£259.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 31 days, this is near the average (34 days)

31 days - Atlantic Folk Limited

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 5 days, this is quicker than average (31 days)

5 days - Atlantic Folk Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 162 days, this is more than average (90 days)

162 days - Atlantic Folk Limited

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)

0 weeks - Atlantic Folk Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 111.6%, this is a higher level of debt than the average (60.4%)

111.6% - Atlantic Folk Limited

60.4% - Industry AVG

ATLANTIC FOLK LIMITED financials

EXPORTms excel logo

Atlantic Folk Limited's latest turnover from March 2024 is estimated at £232.6 thousand and the company has net assets of -£15.1 thousand. According to their latest financial statements, Atlantic Folk Limited has 2 employees and maintains cash reserves of £13 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Turnover232,6091,329,2511,574,5851,883,7752,069,2571,720,0361,688,2621,704,5461,438,613496,575291,602172,14844,61712,105
Other Income Or Grants00000000000000
Cost Of Sales151,495880,3491,030,7801,234,0561,363,7081,113,5531,091,9691,123,615936,842316,410186,567110,47928,5323,115
Gross Profit81,114448,902543,804649,718705,550606,483596,294580,931501,770180,164105,03561,66916,0858,990
Admin Expenses56,447466,662537,842660,263736,323675,585575,766562,948391,355154,76893,94339,02610,72111,251
Operating Profit24,667-17,7605,962-10,545-30,773-69,10220,52817,983110,41525,39611,09222,6435,364-2,261
Interest Payable15,09614,9219,96310,53810,34311,02912,91110,4073,81700000
Interest Receivable1731291741714482783721883516110
Pre-Tax Profit9,572-32,608-3,871-21,066-41,113-79,9598,0657,854106,97025,58511,12722,6595,376-2,261
Tax-2,39300000-1,532-1,571-21,394-5,373-2,559-5,438-1,3980
Profit After Tax7,179-32,608-3,871-21,066-41,113-79,9596,5336,28385,57620,2128,56817,2213,978-2,261
Dividends Paid00000000000000
Retained Profit7,179-32,608-3,871-21,066-41,113-79,9596,5336,28385,57620,2128,56817,2213,978-2,261
Employee Costs73,928654,143657,280762,932776,224722,823606,523584,032405,77061,82361,15129,91829,65829,734
Number Of Employees2191923242218181322111
EBITDA*32,347-7,97218,0814,266-15,293-61,14126,58723,271112,15826,31811,53622,9875,364-2,261

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Tangible Assets30,83238,51247,93768,65974,28533,59830,81513,0453,7931,18855368500
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets30,83238,51247,93768,65974,28533,59830,81513,0453,7931,18855368500
Stock & work in progress67,303113,012122,884184,972326,656208,509163,955173,500105,00060,46431,51856,63012,5253,403
Trade Debtors20,07530,773102,965113,869123,28184,097141,939119,944135,53351,03536,4828,4285,2831,561
Group Debtors00000000000000
Misc Debtors12,04921,73812,29717,59419,41927,674108,60238,01341,41800000
Cash13133,44331,0572,4164,72340,951138,44084,22764,48010,8793,1973,3981,193
misc current assets00000000000000
total current assets99,440165,536241,589347,492471,772325,003455,447469,897366,178175,97978,87968,25521,2066,157
total assets130,272204,048289,526416,151546,057358,601486,262482,942369,971177,16779,43268,94021,2066,157
Bank overdraft47,10836,9340046,25031,63933,78536,21641,03400000
Bank loan000032,00035,00031,4810000000
Trade Creditors 2,32920,37119,35856,42872,30855,60478,98998,61141,363119,44951,82649,9024,947246
Group/Directors Accounts00000000000014,4428,072
other short term finances40,58636,70033,1887,78800041,034000000
hp & lease commitments3,0508,5548,0667,5777,089000000000
other current liabilities15,80246,86887,323154,049196,28075,10063,36616,68567,86800000
total current liabilities108,875149,427147,935225,842353,927197,343207,621192,546150,265119,44951,82649,90219,3898,318
loans33,23073,813110,513143,701115,77578,458116,411138,34076,41200000
hp & lease commitments03,05011,60419,32626,938000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions3,23009,10813,04514,1146,3845,8552,479000000
total long term liabilities36,46076,863131,225176,072156,82784,842122,266140,81976,41200000
total liabilities145,335226,290279,160401,914510,754282,185329,887333,365226,677119,44951,82649,90219,3898,318
net assets-15,063-22,24210,36614,23735,30376,416156,375149,577143,29457,71827,60619,0381,817-2,161
total shareholders funds-15,063-22,24210,36614,23735,30376,416156,375149,577143,29457,71827,60619,0381,817-2,161
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011
Operating Activities
Operating Profit24,667-17,7605,962-10,545-30,773-69,10220,52817,983110,41525,39611,09222,6435,364-2,261
Depreciation7,6809,78812,11914,81115,4807,9616,0595,2881,74392244434400
Amortisation00000000000000
Tax-2,39300000-1,532-1,571-21,394-5,373-2,559-5,438-1,3980
Stock-45,709-9,872-62,088-141,684118,14744,554-9,54568,50044,53628,946-25,11244,1059,1223,403
Debtors-20,387-62,751-16,201-11,23730,929-138,77092,584-18,994125,91614,55328,0543,1453,7221,561
Creditors-18,0421,013-37,070-15,88016,704-23,385-19,62257,248-78,08667,6231,92444,9554,701246
Accruals and Deferred Income-31,066-40,455-66,726-42,231121,18011,73446,681-51,18367,86800000
Deferred Taxes & Provisions3,230-9,108-3,937-1,0697,7305293,3762,479000000
Cash flow from operations50,17216,101-11,36398,007-18,75521,953-27,549-19,262-89,90645,0697,95915,254-4,177-6,979
Investing Activities
capital expenditure0-3638,603-9,185-56,167-10,744-23,829-14,540-4,348-1,557-312-1,02900
Change in Investments00000000000000
cash flow from investments0-3638,603-9,185-56,167-10,744-23,829-14,540-4,348-1,557-312-1,02900
Financing Activities
Bank loans000-32,000-3,0003,51931,4810000000
Group/Directors Accounts00000000000-14,4426,3708,072
Other Short Term Loans 3,8863,51225,4007,78800-41,03441,034000000
Long term loans-40,583-36,700-33,18827,92637,317-37,953-21,92961,92876,41200000
Hire Purchase and Lease Commitments-8,554-8,066-7,233-7,12434,027000000000
other long term liabilities00000000000000
share issue000000265009,900000100
interest-15,095-14,848-9,834-10,521-10,339-10,858-12,463-10,129-3,4451883516110
cash flow from financing-60,346-56,102-24,855-13,93158,005-45,292-43,68092,83372,96710,08835-14,4266,3818,172
cash and cash equivalents
cash0-3,430-27,61428,641-2,307-36,228-97,48954,21319,74753,6017,682-2012,2051,193
overdraft10,17436,9340-46,25014,611-2,146-2,431-4,81841,03400000
change in cash-10,174-40,364-27,61474,891-16,918-34,082-95,05859,031-21,28753,6017,682-2012,2051,193

atlantic folk 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 Folk Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for atlantic folk limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PE12 area or any other competitors across 12 key performance metrics.

atlantic folk limited Ownership

ATLANTIC FOLK LIMITED group structure

Atlantic Folk Limited has no subsidiary companies.

Ultimate parent company

ATLANTIC FOLK LIMITED

07251364

ATLANTIC FOLK LIMITED Shareholders

hugo middleton 47.51%
rebecca middleton 47.51%
jude ludgate 4.99%

atlantic folk limited directors

Atlantic Folk Limited currently has 2 directors. The longest serving directors include Ms Rebecca Middleton (May 2010) and Mr Hugo Middleton (May 2010).

officercountryagestartendrole
Ms Rebecca Middleton40 years May 2010- Director
Mr Hugo Middleton42 years May 2010- Director

P&L

March 2024

turnover

232.6k

-83%

operating profit

24.7k

0%

gross margin

34.9%

+3.26%

turnover

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

Balance Sheet

March 2024

net assets

-15.1k

-0.32%

total assets

130.3k

-0.36%

cash

13

0%

net assets

Total assets minus all liabilities

atlantic folk limited company details

company number

07251364

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

46499 - Wholesale of household goods (other than musical instruments) n.e.c.

incorporation date

May 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

men's soc limited (June 2019)

the green giving company limited (February 2016)

accountant

-

auditor

-

address

churchyard, long sutton, lincolnshire, PE12 9JH

Bank

BARCLAYS BANK PLC

Legal Advisor

-

atlantic folk 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 folk limited. Currently there are 2 open charges and 0 have been satisfied in the past.

atlantic folk 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 folk limited Companies House Filings - See Documents

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