altitude select limited
altitude select limited Company Information
Company Number
07426469
Next Accounts
1247 days late
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Shareholders
emily anne aspden
nicholas charles aspden
Group Structure
View All
Contact
Registered Address
5th floor the union building, 51-59 rose lane, norwich, norfolk, NR1 1BY
Website
www.altitudeselect.comaltitude select limited Estimated Valuation
Pomanda estimates the enterprise value of ALTITUDE SELECT LIMITED at £971.2k based on a Turnover of £5.5m and 0.18x industry multiple (adjusted for size and gross margin).
altitude select limited Estimated Valuation
Pomanda estimates the enterprise value of ALTITUDE SELECT LIMITED at £666.9k based on an EBITDA of £235.3k and a 2.83x industry multiple (adjusted for size and gross margin).
altitude select limited Estimated Valuation
Pomanda estimates the enterprise value of ALTITUDE SELECT LIMITED at £257.3k based on Net Assets of £163.4k and 1.58x industry multiple (adjusted for liquidity).
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Altitude Select Limited Overview
Altitude Select Limited is a live company located in norwich, NR1 1BY with a Companies House number of 07426469. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in November 2010, it's largest shareholder is emily anne aspden with a 50% stake. Altitude Select Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with rapid growth in recent years.
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Altitude Select Limited Health Check
Pomanda's financial health check has awarded Altitude Select Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £5.5m, make it in line with the average company (£4.9m)
- Altitude Select Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 73%, show it is growing at a faster rate (3.7%)
- Altitude Select Limited
3.7% - Industry AVG
Production
with a gross margin of 23.4%, this company has a comparable cost of product (23.4%)
- Altitude Select Limited
23.4% - Industry AVG
Profitability
an operating margin of 4.2% make it more profitable than the average company (2.9%)
- Altitude Select Limited
2.9% - Industry AVG
Employees
with 19 employees, this is below the industry average (34)
19 - Altitude Select Limited
34 - Industry AVG
Pay Structure
on an average salary of £43.7k, the company has an equivalent pay structure (£43.7k)
- Altitude Select Limited
£43.7k - Industry AVG
Efficiency
resulting in sales per employee of £289k, this is more efficient (£180.1k)
- Altitude Select Limited
£180.1k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (50 days)
- Altitude Select Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (10 days)
- Altitude Select Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Altitude Select Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (8 weeks)
3 weeks - Altitude Select Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.5%, this is a higher level of debt than the average (72.1%)
88.5% - Altitude Select Limited
72.1% - Industry AVG
ALTITUDE SELECT LIMITED financials
Altitude Select Limited's latest turnover from November 2019 is estimated at £5.5 million and the company has net assets of £163.4 thousand. According to their latest financial statements, Altitude Select Limited has 19 employees and maintains cash reserves of £79.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 19 | 19 | 9 | 6 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,910 | 8,698 | 2,943 | 1,239 | 1,507 | 996 | 1,328 | 1,688 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,910 | 8,698 | 2,943 | 1,239 | 1,507 | 996 | 1,328 | 1,688 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,238,194 | 1,313,519 | 348,159 | 192,621 | 281,530 | 1,294 | 3,273 | 5,520 | 5,247 |
| Group Debtors | 67,486 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 21,920 | 20,737 | 38,983 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 79,150 | 404 | 118,980 | 39,864 | 48,375 | 6,076 | 10,356 | 4,496 | 3,307 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,406,750 | 1,334,660 | 506,122 | 232,485 | 329,905 | 7,370 | 13,629 | 10,016 | 8,554 |
| total assets | 1,415,660 | 1,343,358 | 509,065 | 233,724 | 331,412 | 8,366 | 14,957 | 11,704 | 8,554 |
| Bank overdraft | 484,716 | 919,109 | 304,126 | 163,546 | 204,338 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,726 | 8,603 | 44,865 | 3,741 | 6,498 | 44,531 | 33,859 | 11,257 | 8,486 |
| Group/Directors Accounts | 0 | 0 | 0 | 25,399 | 40,472 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 764,844 | 402,080 | 158,980 | 53,679 | 99,803 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,252,286 | 1,329,792 | 508,071 | 246,365 | 351,111 | 44,531 | 33,859 | 11,257 | 8,486 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 589 | 354 | 301 | 338 | 338 | 338 | 0 |
| total long term liabilities | 0 | 0 | 589 | 354 | 301 | 338 | 338 | 338 | 0 |
| total liabilities | 1,252,286 | 1,329,792 | 508,660 | 246,719 | 351,412 | 44,869 | 34,197 | 11,595 | 8,486 |
| net assets | 163,374 | 13,566 | 405 | -12,995 | -20,000 | -36,503 | -19,240 | 109 | 68 |
| total shareholders funds | 163,374 | 13,566 | 405 | -12,995 | -20,000 | -36,503 | -19,240 | 109 | 68 |
| Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,231 | 981 | 414 | 332 | 0 | 169 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,656 | 947,114 | 194,521 | -88,909 | 280,236 | -1,979 | -2,247 | 273 | 5,247 |
| Creditors | -5,877 | -36,262 | 41,124 | -2,757 | -38,033 | 10,672 | 22,602 | 2,771 | 8,486 |
| Accruals and Deferred Income | 362,764 | 243,100 | 105,301 | -46,124 | 99,803 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -589 | 235 | 53 | -37 | 0 | 0 | 338 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -25,399 | -15,073 | 40,472 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 78,746 | -118,576 | 79,116 | -8,511 | 42,299 | -4,280 | 5,860 | 1,189 | 3,307 |
| overdraft | -434,393 | 614,983 | 140,580 | -40,792 | 204,338 | 0 | 0 | 0 | 0 |
| change in cash | 513,139 | -733,559 | -61,464 | 32,281 | -162,039 | -4,280 | 5,860 | 1,189 | 3,307 |
altitude select limited Credit Report and Business Information
Altitude Select Limited Competitor Analysis
Perform a competitor analysis for altitude select limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in NR1 area or any other competitors across 12 key performance metrics.
altitude select limited Ownership
ALTITUDE SELECT LIMITED group structure
Altitude Select Limited has no subsidiary companies.
Ultimate parent company
ALTITUDE SELECT LIMITED
07426469
altitude select limited directors
Altitude Select Limited currently has 2 directors. The longest serving directors include Mrs Emily Aspden (Nov 2010) and Mr Nicholas Aspden (Nov 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Emily Aspden | United Kingdom | 40 years | Nov 2010 | - | Director |
| Mr Nicholas Aspden | England | 46 years | Nov 2010 | - | Director |
P&L
November 2019turnover
5.5m
-4%
operating profit
232k
0%
gross margin
23.5%
-1.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2019net assets
163.4k
+11.04%
total assets
1.4m
+0.05%
cash
79.2k
+194.92%
net assets
Total assets minus all liabilities
altitude select limited company details
company number
07426469
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
November 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
November 2019
previous names
recruitment for energy ltd (November 2011)
accountant
ASTON SHAW
auditor
-
address
5th floor the union building, 51-59 rose lane, norwich, norfolk, NR1 1BY
Bank
-
Legal Advisor
-
altitude select 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 altitude select limited. Currently there are 1 open charges and 1 have been satisfied in the past.
altitude select 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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altitude select limited Companies House Filings - See Documents
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