altodigital networks limited
altodigital networks limited Company Information
Company Number
10706663
Website
www.altodigital.comRegistered Address
93 vantage point, kingswinford, west midlands, DY6 7FR
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
03458738122
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
arena group holdings limited 100%
altodigital networks limited Estimated Valuation
Pomanda estimates the enterprise value of ALTODIGITAL NETWORKS LIMITED at £25.8m based on a Turnover of £39.3m and 0.66x industry multiple (adjusted for size and gross margin).
altodigital networks limited Estimated Valuation
Pomanda estimates the enterprise value of ALTODIGITAL NETWORKS LIMITED at £0 based on an EBITDA of £-3.5m and a 5.23x industry multiple (adjusted for size and gross margin).
altodigital networks limited Estimated Valuation
Pomanda estimates the enterprise value of ALTODIGITAL NETWORKS LIMITED at £45.8m based on Net Assets of £21m and 2.18x industry multiple (adjusted for liquidity).
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Altodigital Networks Limited Overview
Altodigital Networks Limited is a live company located in west midlands, DY6 7FR with a Companies House number of 10706663. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in April 2017, it's largest shareholder is arena group holdings limited with a 100% stake. Altodigital Networks Limited is a young, large sized company, Pomanda has estimated its turnover at £39.3m with declining growth in recent years.
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Altodigital Networks Limited Health Check
Pomanda's financial health check has awarded Altodigital Networks Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £39.3m, make it larger than the average company (£2.5m)
£39.3m - Altodigital Networks Limited
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.5%)
-23% - Altodigital Networks Limited
4.5% - Industry AVG
Production
with a gross margin of 15.2%, this company has a higher cost of product (43.6%)
15.2% - Altodigital Networks Limited
43.6% - Industry AVG
Profitability
an operating margin of -16.6% make it less profitable than the average company (5.8%)
-16.6% - Altodigital Networks Limited
5.8% - Industry AVG
Employees
with 96 employees, this is above the industry average (21)
96 - Altodigital Networks Limited
21 - Industry AVG
Pay Structure
on an average salary of £65.4k, the company has a higher pay structure (£50.7k)
£65.4k - Altodigital Networks Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £409.6k, this is more efficient (£126k)
£409.6k - Altodigital Networks Limited
£126k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (57 days)
57 days - Altodigital Networks Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (32 days)
105 days - Altodigital Networks Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 101 days, this is more than average (30 days)
101 days - Altodigital Networks Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (26 weeks)
2 weeks - Altodigital Networks Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.6%, this is a lower level of debt than the average (54.6%)
42.6% - Altodigital Networks Limited
54.6% - Industry AVG
ALTODIGITAL NETWORKS LIMITED financials
Altodigital Networks Limited's latest turnover from December 2022 is £39.3 million and the company has net assets of £21 million. According to their latest financial statements, Altodigital Networks Limited has 96 employees and maintains cash reserves of £716.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|
| Turnover | 39,326,060 | 39,131,554 | 39,549,480 | 85,249,718 | 105,949,271 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 33,342,456 | 30,688,162 | 30,167,901 | 49,614,164 | 58,996,939 |
| Gross Profit | 5,983,604 | 8,443,392 | 9,381,579 | 35,635,554 | 46,952,332 |
| Admin Expenses | 12,503,693 | 9,307,261 | 14,716,987 | 35,115,531 | 45,583,855 |
| Operating Profit | -6,520,089 | -863,869 | -5,335,408 | 520,023 | 1,368,477 |
| Interest Payable | 103,249 | 9,475 | 83,593 | 268,453 | 345,509 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -6,623,338 | -873,344 | -5,419,001 | 251,570 | 1,022,968 |
| Tax | -14,572 | -6,841 | 245,949 | -1,071,416 | -1,303,135 |
| Profit After Tax | -6,637,910 | -880,185 | -5,173,052 | -819,846 | -280,167 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,637,910 | -880,185 | -5,173,052 | -819,846 | -280,167 |
| Employee Costs | 6,282,041 | 7,829,762 | 14,325,845 | 20,656,648 | 29,357,307 |
| Number Of Employees | 96 | 155 | 354 | 397 | |
| EBITDA* | -3,508,349 | 1,626,807 | -1,398,195 | 5,324,269 | 7,805,587 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 51,265 | 107,712 | 198,264 | 292,214 | 443,910 |
| Intangible Assets | 14,960,601 | 17,915,895 | 20,326,850 | 23,698,230 | 25,993,518 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 102,951 | 117,523 | 124,361 | 0 | 0 |
| Total Fixed Assets | 15,114,817 | 18,141,130 | 20,649,475 | 23,990,444 | 26,437,428 |
| Stock & work in progress | 9,312,857 | 9,250,194 | 10,706,448 | 11,956,560 | 10,288,670 |
| Trade Debtors | 6,164,950 | 4,717,173 | 4,180,643 | 6,536,022 | 9,638,918 |
| Group Debtors | 2,531,726 | 4,097,718 | 2,020,477 | 15,604 | 0 |
| Misc Debtors | 2,757,232 | 3,127,464 | 3,452,431 | 5,021,700 | 3,248,147 |
| Cash | 716,417 | 827,766 | 330,231 | 1,469,300 | 6,555,465 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,483,182 | 22,020,315 | 20,690,230 | 24,999,186 | 29,731,200 |
| total assets | 36,597,999 | 40,161,445 | 41,339,705 | 48,989,630 | 56,168,628 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,641,123 | 6,629,022 | 6,762,301 | 10,157,119 | 14,658,879 |
| Group/Directors Accounts | 417,732 | 569,549 | 10,735 | 10,735 | 0 |
| other short term finances | 0 | 0 | 0 | 2,000,000 | 1,999,900 |
| hp & lease commitments | 0 | 0 | 55,305 | 23,702 | 1,860 |
| other current liabilities | 4,891,876 | 4,682,843 | 5,358,180 | 4,170,781 | 4,346,397 |
| total current liabilities | 14,950,731 | 11,881,414 | 12,186,521 | 16,362,337 | 21,007,036 |
| loans | 0 | 0 | 0 | 12,400,461 | 13,892,936 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 1 | 0 | 0 | 0 |
| provisions | 631,656 | 626,508 | 619,477 | 21,315 | 35,800 |
| total long term liabilities | 631,656 | 626,509 | 619,477 | 12,421,776 | 13,928,736 |
| total liabilities | 15,582,387 | 12,507,923 | 12,805,998 | 28,784,113 | 34,935,772 |
| net assets | 21,015,612 | 27,653,522 | 28,533,707 | 20,205,517 | 21,232,856 |
| total shareholders funds | 21,015,612 | 27,653,522 | 28,533,707 | 20,205,517 | 21,232,856 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -6,520,089 | -863,869 | -5,335,408 | 520,023 | 1,368,477 |
| Depreciation | 56,446 | 103,815 | 752,686 | 310,736 | 480,874 |
| Amortisation | 2,955,294 | 2,386,861 | 3,184,527 | 4,493,510 | 5,956,236 |
| Tax | -14,572 | -6,841 | 245,949 | -1,071,416 | -1,303,135 |
| Stock | 62,663 | -1,456,254 | -1,250,112 | 1,667,890 | 10,288,670 |
| Debtors | -503,019 | 2,281,966 | -1,795,414 | -1,313,739 | 12,887,065 |
| Creditors | 3,012,101 | -133,279 | -3,394,818 | -4,501,760 | 14,658,879 |
| Accruals and Deferred Income | 209,033 | -675,337 | 1,187,399 | -175,616 | 4,346,397 |
| Deferred Taxes & Provisions | 5,148 | 7,031 | 598,162 | -14,485 | 35,800 |
| Cash flow from operations | 143,717 | -7,331 | 284,023 | -793,159 | 2,367,793 |
| Investing Activities | |||||
| capital expenditure | 4,058,075 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 4,058,075 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -151,817 | 558,814 | 0 | 10,735 | 0 |
| Other Short Term Loans | 0 | 0 | -2,000,000 | 100 | 1,999,900 |
| Long term loans | 0 | 0 | -12,400,461 | -1,492,475 | 13,892,936 |
| Hire Purchase and Lease Commitments | 0 | -55,305 | 31,603 | 21,842 | 1,860 |
| other long term liabilities | -1 | 1 | 0 | 0 | 0 |
| share issue | |||||
| interest | -103,249 | -9,475 | -83,593 | -268,453 | -345,509 |
| cash flow from financing | -255,067 | 494,035 | -951,209 | -1,935,744 | 37,062,210 |
| cash and cash equivalents | |||||
| cash | -111,349 | 497,535 | -1,139,069 | -5,086,165 | 6,555,465 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -111,349 | 497,535 | -1,139,069 | -5,086,165 | 6,555,465 |
altodigital networks limited Credit Report and Business Information
Altodigital Networks Limited Competitor Analysis
Perform a competitor analysis for altodigital networks limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
altodigital networks limited Ownership
ALTODIGITAL NETWORKS LIMITED group structure
Altodigital Networks Limited has 2 subsidiary companies.
Ultimate parent company
XEROX HOLDINGS CORP
#0131590
2 parents
ALTODIGITAL NETWORKS LIMITED
10706663
2 subsidiaries
altodigital networks limited directors
Altodigital Networks Limited currently has 3 directors. The longest serving directors include Mr David Dyas (Mar 2020) and Mr David Dyas (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Dyas | England | 60 years | Mar 2020 | - | Director |
| Mr David Dyas | England | 60 years | Mar 2020 | - | Director |
| Mr Paolo Rossetti | 54 years | Oct 2022 | - | Director |
P&L
December 2022turnover
39.3m
0%
operating profit
-6.5m
+655%
gross margin
15.3%
-29.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
21m
-0.24%
total assets
36.6m
-0.09%
cash
716.4k
-0.13%
net assets
Total assets minus all liabilities
altodigital networks limited company details
company number
10706663
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
April 2017
age
7
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
altodigital managed services ltd (September 2018)
incorporated
UK
address
93 vantage point, kingswinford, west midlands, DY6 7FR
last accounts submitted
December 2022
altodigital networks 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 9 charges/mortgages relating to altodigital networks limited. Currently there are 5 open charges and 4 have been satisfied in the past.
altodigital networks limited Companies House Filings - See Documents
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