project altair midco limited
project altair midco limited Company Information
Company Number
12905318
Next Accounts
41 days late
Shareholders
project altair holdco limited
Group Structure
View All
Industry
Non-trading company
Registered Address
one eleven edmund street, birmingham, B3 2HJ
Website
gateleyuk.comproject altair midco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR MIDCO LIMITED at £0 based on a Turnover of £0 and 0.58x industry multiple (adjusted for size and gross margin).
project altair midco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR MIDCO LIMITED at £3m based on an EBITDA of £726k and a 4.1x industry multiple (adjusted for size and gross margin).
project altair midco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR MIDCO LIMITED at £0 based on Net Assets of £-3.9m and 1.35x industry multiple (adjusted for liquidity).
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Project Altair Midco Limited Overview
Project Altair Midco Limited is a live company located in birmingham, B3 2HJ with a Companies House number of 12905318. It operates in the non-trading company sector, SIC Code 74990. Founded in September 2020, it's largest shareholder is project altair holdco limited with a 100% stake. Project Altair Midco Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Project Altair Midco Limited Health Check
Pomanda's financial health check has awarded Project Altair Midco Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Project Altair Midco Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Employees
There is insufficient data available for this Key Performance Indicator!
- - Project Altair Midco Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Project Altair Midco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 93 weeks, this is more cash available to meet short term requirements (44 weeks)
- - Project Altair Midco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.7%, this is a higher level of debt than the average (44%)
- - Project Altair Midco Limited
- - Industry AVG
PROJECT ALTAIR MIDCO LIMITED financials
Project Altair Midco Limited's latest turnover from March 2023 is estimated at 0 and the company has net assets of -£3.9 million. According to their latest financial statements, we estimate that Project Altair Midco Limited has no employees and maintains cash reserves of £14.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| 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 | 0 | 0 | |
| Number Of Employees | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 17,948,689 | 18,188,823 | 17,948,689 |
| Debtors (Due After 1 year) | 4,206,991 | 4,128,650 | 0 |
| Total Fixed Assets | 22,155,680 | 22,317,473 | 17,948,689 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 2,015,283 | 1,945,073 | 0 |
| Misc Debtors | 418,190 | 133,301 | 135,524 |
| Cash | 14,626 | 29,383 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 2,448,099 | 2,107,757 | 135,524 |
| total assets | 24,603,779 | 24,425,230 | 18,084,213 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 91,950 | 0 |
| Group/Directors Accounts | 0 | 0 | 161,847 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 8,150 | 5,000 | 91,558 |
| total current liabilities | 8,150 | 96,950 | 253,405 |
| loans | 28,461,714 | 26,123,834 | 18,102,575 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 28,461,714 | 26,123,834 | 18,102,575 |
| total liabilities | 28,469,864 | 26,220,784 | 18,355,980 |
| net assets | -3,866,085 | -1,795,554 | -271,767 |
| total shareholders funds | -3,866,085 | -1,795,554 | -271,767 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 433,440 | 6,071,500 | 135,524 |
| Creditors | -91,950 | 91,950 | 0 |
| Accruals and Deferred Income | 3,150 | -86,558 | 91,558 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -240,134 | 240,134 | 17,948,689 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -161,847 | 161,847 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 2,337,880 | 8,021,259 | 18,102,575 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -14,757 | 29,383 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | -14,757 | 29,383 | 0 |
project altair midco limited Credit Report and Business Information
Project Altair Midco Limited Competitor Analysis
Perform a competitor analysis for project altair midco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other young companies, companies in B 3 area or any other competitors across 12 key performance metrics.
project altair midco limited Ownership
PROJECT ALTAIR MIDCO LIMITED group structure
Project Altair Midco Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PROJECT ALTAIR MIDCO LIMITED
12905318
1 subsidiary
project altair midco limited directors
Project Altair Midco Limited currently has 7 directors. The longest serving directors include Mr Matthew Coles (Jan 2021) and Mr Paul McCluskey (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Coles | United Kingdom | 37 years | Jan 2021 | - | Director |
| Mr Paul McCluskey | Scotland | 61 years | Jan 2021 | - | Director |
| Ms Linda Summerton | England | 62 years | Jan 2021 | - | Director |
| Mrs Beth Houghton | England | 50 years | Jul 2023 | - | Director |
| Ms Beth Houghton | United Kingdom | 50 years | Jul 2023 | - | Director |
| Mr Gareth Dyson | England | 44 years | Feb 2024 | - | Director |
| Mr Mark Corbett | England | 52 years | Feb 2024 | - | Director |
P&L
March 2023turnover
0
-100%
operating profit
726k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-3.9m
+1.15%
total assets
24.6m
+0.01%
cash
14.6k
-0.5%
net assets
Total assets minus all liabilities
Similar Companies
project altair midco limited company details
company number
12905318
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
September 2020
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
ensco 1384 limited (December 2020)
accountant
RSM UK AUDIT LLP
auditor
-
address
one eleven edmund street, birmingham, B3 2HJ
Bank
-
Legal Advisor
-
project altair midco 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 project altair midco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
project altair midco 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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project altair midco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
