Albatross Heating Ltd

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albatross heating ltd Company Information

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Company Number

10392778

Website

albatrossheating.business.site

Registered Address

moorhouse park, c/o container storage units uk l, westerham, TN16 2EU

Industry

Other construction installation

Plumbing, heat and air-conditioning installation

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Frederick Hamshar Woodcock8 Years

Jonathan Barratt1 Years

Shareholders

frederick james hamshar woodcock 50%

jonathan peter barratt 50%

albatross heating ltd Estimated Valuation

£646.8k

Pomanda estimates the enterprise value of ALBATROSS HEATING LTD at £646.8k based on an EBITDA of £128.5k and a 5.03x industry multiple (adjusted for size and gross margin).

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Albatross Heating Ltd is a live company located in westerham, TN16 2EU with a Companies House number of 10392778. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 2016, it's largest shareholder is frederick james hamshar woodcock with a 50% stake. Albatross Heating Ltd is a young, small sized company, Pomanda has estimated its turnover at £743.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Albatross Heating Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £743.5k, make it in line with the average company (£707.8k)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.3%)

EXPORT

Albatross Heating Ltd's latest turnover from September 2023 is estimated at £743.5 thousand and the company has net assets of £43.9 thousand. According to their latest financial statements, Albatross Heating Ltd has 1 employee and maintains cash reserves of £208.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Turnover	743,465	309,351	474,492	502,999	145,513	230,235	73,558
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	541,328	223,725	339,401	358,057	102,583	160,124	50,045
Gross Profit	202,137	85,626	135,092	144,942	42,930	70,111	23,514
Admin Expenses	76,665	127,265	135,624	120,899	61,086	69,551	23,504
Operating Profit	125,472	-41,639	-532	24,043	-18,156	560	10
Interest Payable	10,989	4,632	0	19	658	638	0
Interest Receivable	5,390	119	3	1	53	83	10
Pre-Tax Profit	119,873	-46,152	-529	24,026	-18,761	5	20
Tax	-29,968	0	0	-4,565	0	-1	-4
Profit After Tax	89,905	-46,152	-529	19,461	-18,761	4	16
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	89,905	-46,152	-529	19,461	-18,761	4	16
Employee Costs	38,127	72,240	71,368	72,705	76,053	37,959	33,988
Number Of Employees	1	2	2	2	2	1	1
EBITDA*	128,504	-37,285	4,385	25,112	-17,057	1,162	248

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Tangible Assets	11,669	7,639	13,689	8,084	1,356	2,455	476
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	11,669	7,639	13,689	8,084	1,356	2,455	476
Stock & work in progress	25,000	14,026	20,649	0	0	0	0
Trade Debtors	196,945	61,958	93,770	104,808	8,528	49,949	8,269
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	44,408	61,422	52,319	13,145	19,618	0	0
Cash	208,840	6,769	3,843	2,234	0	14,125	7,954
misc current assets	0	0	0	0	0	0	43
total current assets	475,193	144,175	170,581	120,187	28,146	64,074	16,266
total assets	486,862	151,814	184,270	128,271	29,502	66,529	16,742
Bank overdraft	0	0	0	0	607	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	84,531	41,173	96,907	64,479	29,419	26,990	7,543
Group/Directors Accounts	11,165	0	0	0	0	9,163	1
other short term finances	19,001	24,789	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	259,720	44,311	31,204	43,980	15,334	11,466	9,181
total current liabilities	374,417	110,273	128,111	108,459	45,360	47,619	16,725
loans	68,500	87,501	0	0	0	18,889	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	53,877	18,178	2,882	0	0
provisions	0	0	2,090	913	0	0	0
total long term liabilities	68,500	87,501	55,967	19,091	2,882	18,889	0
total liabilities	442,917	197,774	184,078	127,550	48,242	66,508	16,725
net assets	43,945	-45,960	192	721	-18,740	21	17
total shareholders funds	43,945	-45,960	192	721	-18,740	21	17

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Operating Profit	125,472	-41,639	-532	24,043	-18,156	560	10
Depreciation	3,032	4,354	4,917	1,069	1,099	602	238
Amortisation	0	0	0	0	0	0	0
Tax	-29,968	0	0	-4,565	0	-1	-4
Stock	10,974	-6,623	20,649	0	0	0	0
Debtors	117,973	-22,709	28,136	89,807	-21,803	41,680	8,269
Creditors	43,358	-55,734	32,428	35,060	2,429	19,447	7,543
Accruals and Deferred Income	215,409	13,107	-12,776	28,646	3,868	2,285	9,181
Deferred Taxes & Provisions	0	-2,090	1,177	913	0	0	0
Cash flow from operations	228,356	-52,670	-23,571	-4,641	11,043	-18,787	8,699
Investing Activities
capital expenditure	-7,062	1,696	-10,522	-7,797	0	-2,581	-714
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-7,062	1,696	-10,522	-7,797	0	-2,581	-714
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	11,165	0	0	0	-9,163	9,162	1
Other Short Term Loans	-5,788	24,789	0	0	0	0	0
Long term loans	-19,001	87,501	0	0	-18,889	18,889	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	-53,877	35,699	15,296	2,882	0	0
share issue	0	0	0	0	0	0	1
interest	-5,599	-4,513	3	-18	-605	-555	10
cash flow from financing	-19,223	53,900	35,702	15,278	-25,775	27,496	12
cash and cash equivalents
cash	202,071	2,926	1,609	2,234	-14,125	6,171	7,954
overdraft	0	0	0	-607	607	0	0
change in cash	202,071	2,926	1,609	2,841	-14,732	6,171	7,954

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for albatross heating ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TN16 area or any other competitors across 12 key performance metrics.

ALBATROSS HEATING LTD group structure

Albatross Heating Ltd has no subsidiary companies.

Ultimate parent company

ALBATROSS HEATING LTD

10392778

ALBATROSS HEATING LTD Shareholders

frederick james hamshar woodcock	50%
jonathan peter barratt	50%

Albatross Heating Ltd currently has 2 directors. The longest serving directors include Mr Frederick Hamshar Woodcock (Sep 2016) and Mr Jonathan Barratt (Sep 2023).

officer	country	age	start	end	role
Mr Frederick Hamshar Woodcock	England	34 years	Sep 2016	-	Director
Mr Jonathan Barratt	England	31 years	Sep 2023	-	Director

P&L

September 2023

turnover

743.5k

+140%

operating profit

125.5k

gross margin

27.2%

-1.77%

turnover

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

Balance Sheet

September 2023

net assets

43.9k

-1.96%

total assets

486.9k

+2.21%

cash

208.8k

+29.85%

net assets

Total assets minus all liabilities

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1.5

company number

10392778

Type

Private limited with Share Capital

industry

43290 - Other construction installation

43220 - Plumbing, heat and air-conditioning installation

incorporation date

September 2016

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

moorhouse park, c/o container storage units uk l, westerham, TN16 2EU

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 1 charges/mortgages relating to albatross heating ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

albatross heating ltd Company Information

albatross heating ltd Estimated Valuation

albatross heating ltd Estimated Valuation

albatross heating ltd Estimated Valuation

Albatross Heating Ltd Overview

Albatross Heating Ltd Health Check

ALBATROSS HEATING LTD financials

albatross heating ltd Credit Report and Business Information

Albatross Heating Ltd Competitor Analysis

albatross heating ltd Ownership

albatross heating ltd directors

albatross heating ltd company details

albatross heating ltd Charges & Mortgages

albatross heating ltd Companies House Filings - See Documents