Pomanda estimates the enterprise value of ALTITUDE TECH LTD at £23.8k based on a Turnover of £47.8k and 0.5x industry multiple (adjusted for size and gross margin).
altitude tech ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ALTITUDE TECH LTD at £0 based on an EBITDA of £-39.2k and a 3.38x industry multiple (adjusted for size and gross margin).
altitude tech ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ALTITUDE TECH LTD at £0 based on Net Assets of £-62.7k and 2.26x industry multiple (adjusted for liquidity).
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Altitude Tech LtdOverview
Altitude Tech Ltd is a live company located in hollinwood, OL8 3QL with a Companies House number of 09391466. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2015, it's largest shareholder is
frazer barnes
with a 33.3% stake. Altitude Tech Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£47.8k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Altitude Tech Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
6 Weak
Size
annual sales of £47.8k, make it smaller than the average company (£188.9k)
£47.8k - Altitude Tech Ltd
£188.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Altitude Tech Ltd
- - Industry AVG
Production
with a gross margin of 28.5%, this company has a higher cost of product (53.3%)
28.5% - Altitude Tech Ltd
53.3% - Industry AVG
Profitability
an operating margin of -86.6% make it less profitable than the average company (7.3%)
-86.6% - Altitude Tech Ltd
7.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (7)
1 - Altitude Tech Ltd
7 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
£48.5k - Altitude Tech Ltd
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £47.8k, this is less efficient (£114.6k)
£47.8k - Altitude Tech Ltd
£114.6k - Industry AVG
Debtor Days
it gets paid by customers after 15 days, this is earlier than average (70 days)
15 days - Altitude Tech Ltd
70 days - Industry AVG
Creditor Days
its suppliers are paid after 755 days, this is slower than average (31 days)
755 days - Altitude Tech Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Altitude Tech Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Altitude Tech Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 876.8%, this is a higher level of debt than the average (56.1%)
876.8% - Altitude Tech Ltd
56.1% - Industry AVG
ALTITUDE TECH LTD financials
EXPORT
Altitude Tech Ltd's latest turnover from January 2020 is estimated at £47.8 thousand and the company has net assets of -£62.7 thousand. According to their latest financial statements, we estimate that Altitude Tech Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Turnover
47,849
10,672
24,985
61,713
Other Income Or Grants
Cost Of Sales
34,198
7,634
17,663
41,887
Gross Profit
13,652
3,038
7,322
19,826
Admin Expenses
55,115
27,055
4,444
-2,004
20,183
Operating Profit
-41,463
-24,017
2,878
2,004
-357
Interest Payable
328
447
126
Interest Receivable
2
3
Pre-Tax Profit
-41,463
-24,343
2,433
1,879
-357
Tax
-462
-376
Profit After Tax
-41,463
-24,343
1,971
1,503
-357
Dividends Paid
Retained Profit
-41,463
-24,343
1,971
1,503
-357
Employee Costs
48,549
56,430
51,014
57,894
Number Of Employees
1
1
1
1
EBITDA*
-39,160
-21,261
5,141
2,004
95
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Tangible Assets
984
3,287
4,075
6,338
6,816
Intangible Assets
Investments & Other
5,000
5
Debtors (Due After 1 year)
Total Fixed Assets
5,984
3,287
4,075
6,338
6,821
Stock & work in progress
1,500
5,000
Trade Debtors
2,086
12,038
16,400
Group Debtors
Misc Debtors
10,334
872
5
Cash
661
353
misc current assets
total current assets
2,086
11,834
18,571
358
16,400
total assets
8,070
15,121
22,646
6,696
23,221
Bank overdraft
9,726
4,032
Bank loan
Trade Creditors
70,756
5,000
23,578
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
36,344
4,800
1,513
total current liabilities
70,756
36,344
19,526
5,545
23,578
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
70,756
36,344
19,526
5,545
23,578
net assets
-62,686
-21,223
3,120
1,151
-357
total shareholders funds
-62,686
-21,223
3,120
1,151
-357
Jan 2020
Jan 2019
Jan 2018
Jan 2017
Jan 2016
Operating Activities
Operating Profit
-41,463
-24,017
2,878
2,004
-357
Depreciation
2,303
2,756
2,263
452
Amortisation
Tax
-462
-376
Stock
-1,500
-3,500
5,000
Debtors
-8,248
-2,576
12,905
-16,395
16,400
Creditors
70,756
-5,000
5,000
-23,578
23,578
Accruals and Deferred Income
-36,344
31,544
3,287
1,513
Deferred Taxes & Provisions
Cash flow from operations
5,000
11,359
-4,939
-4,042
7,273
Investing Activities
capital expenditure
-1,968
478
-7,268
Change in Investments
5,000
-5
5
cash flow from investments
-5,000
-1,968
483
-7,273
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-2
5
interest
-326
-444
-126
cash flow from financing
-326
-446
-121
cash and cash equivalents
cash
-661
308
353
overdraft
-9,726
5,694
4,032
change in cash
9,065
-5,386
-3,679
altitude tech ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for altitude tech ltd. Get real-time insights into altitude tech ltd's credit score, group structure and payment trends.
Perform a competitor analysis for altitude tech ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in OL8 area or any other competitors across 12 key performance metrics.
altitude tech ltd Ownership
ALTITUDE TECH LTD group structure
Altitude Tech Ltd has no subsidiary companies.
Ultimate parent company
ALTITUDE TECH LTD
09391466
ALTITUDE TECH LTD Shareholders
The largest shareholders in Altitude Tech Ltd include Frazer Barnes and Ebube Nwankwo.
frazer barnes
33.33%
ebube nwankwo
33.33%
ali rohafza
33.33%
altitude tech ltd directors
Altitude Tech Ltd currently has 3 directors.
The longest serving directors include
Mr Frazer Barnes (Jan 2015) and
Mr Ali Rohafza (Jan 2015).
unit 2.01 hollinwood business ce, albert street, hollinwood, failsworth, OL8 3QL
Bank
-
Legal Advisor
-
altitude tech ltd 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 did not find charges/mortgages relating to altitude tech ltd.
altitude tech ltd 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 tech ltdCompanies House Filings - See Documents
