project altair holdco limited
project altair holdco limited Company Information
Company Number
12920804
Next Accounts
41 days late
Shareholders
palatine impact gp llp (as general partner of palatine equity impact investng fund lp
felicity gabbay
View AllGroup Structure
View All
Industry
Non-trading company
Registered Address
111 edmund street, birmingham, B3 2HJ
Website
gateleyuk.comproject altair holdco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR HOLDCO LIMITED at £10m based on a Turnover of £11m and 0.91x industry multiple (adjusted for size and gross margin).
project altair holdco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR HOLDCO LIMITED at £5.8m based on an EBITDA of £898.4k and a 6.42x industry multiple (adjusted for size and gross margin).
project altair holdco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT ALTAIR HOLDCO LIMITED at £0 based on Net Assets of £-6.9m and 1.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Altair Holdco Limited Overview
Project Altair Holdco Limited is a live company located in birmingham, B3 2HJ with a Companies House number of 12920804. It operates in the non-trading company sector, SIC Code 74990. Founded in October 2020, it's largest shareholder is palatine impact gp llp (as general partner of palatine equity impact investng fund lp with a 49% stake. Project Altair Holdco Limited is a young, mid sized company, Pomanda has estimated its turnover at £11m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Project Altair Holdco Limited Health Check
Pomanda's financial health check has awarded Project Altair Holdco Limited a 4 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
5 Strong
1 Regular
4 Weak
Size
annual sales of £11m, make it larger than the average company (£2.9m)
£11m - Project Altair Holdco Limited
£2.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Project Altair Holdco Limited
- - Industry AVG
Production
with a gross margin of 50.1%, this company has a lower cost of product (35.5%)
50.1% - Project Altair Holdco Limited
35.5% - Industry AVG
Profitability
an operating margin of -12.8% make it less profitable than the average company (5.5%)
-12.8% - Project Altair Holdco Limited
5.5% - Industry AVG
Employees
with 52 employees, this is above the industry average (33)
52 - Project Altair Holdco Limited
33 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
- Project Altair Holdco Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £211.2k, this is more efficient (£136.2k)
£211.2k - Project Altair Holdco Limited
£136.2k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (40 days)
59 days - Project Altair Holdco Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (41 days)
24 days - Project Altair Holdco Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Altair Holdco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (44 weeks)
70 weeks - Project Altair Holdco Limited
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.3%, this is a higher level of debt than the average (44%)
130.3% - Project Altair Holdco Limited
44% - Industry AVG
PROJECT ALTAIR HOLDCO LIMITED financials
Project Altair Holdco Limited's latest turnover from March 2023 is £11 million and the company has net assets of -£6.9 million. According to their latest financial statements, Project Altair Holdco Limited has 52 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Turnover | 10,981,353 | 9,024,604 | 1,969,445 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 5,480,926 | 4,767,474 | 986,514 |
| Gross Profit | 5,500,427 | 4,257,130 | 982,931 |
| Admin Expenses | 6,910,787 | 4,825,422 | 935,126 |
| Operating Profit | -1,410,360 | -568,292 | 47,805 |
| Interest Payable | 2,759,850 | 1,801,354 | 369,933 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -4,170,210 | -2,369,646 | -322,128 |
| Tax | -170,434 | -658 | -49,177 |
| Profit After Tax | -4,340,644 | -2,370,304 | -371,305 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -4,340,644 | -2,370,304 | -371,305 |
| Employee Costs | |||
| Number Of Employees | 52 | 36 | 10 |
| EBITDA* | 898,358 | 1,083,181 | 385,842 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 204,385 | 220,375 | 23,350 |
| Intangible Assets | 18,173,000 | 20,413,971 | 15,774,020 |
| Investments & Other | 0 | 207,312 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 18,377,385 | 20,841,658 | 15,797,370 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 1,804,849 | 1,979,732 | 1,827,923 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 871,615 | 958,627 | 249,393 |
| Cash | 1,740,417 | 2,239,540 | 1,177,819 |
| misc current assets | 74,597 | 0 | 0 |
| total current assets | 4,491,478 | 5,177,899 | 3,255,135 |
| total assets | 22,868,863 | 26,019,557 | 19,052,505 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 368,956 | 796,403 | 198,677 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 918,445 | 1,693,667 | 971,129 |
| total current liabilities | 1,287,401 | 2,490,070 | 1,169,806 |
| loans | 28,461,714 | 26,123,834 | 18,102,575 |
| hp & lease commitments | 2,858 | 2,960 | 4,076 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 50,503 | 0 | 25,461 |
| total long term liabilities | 28,515,075 | 26,126,794 | 18,132,112 |
| total liabilities | 29,802,476 | 28,616,864 | 19,301,918 |
| net assets | -6,933,613 | -2,597,307 | -249,413 |
| total shareholders funds | -6,933,613 | -2,597,307 | -249,413 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -1,410,360 | -568,292 | 47,805 |
| Depreciation | 67,603 | 18,038 | 4,079 |
| Amortisation | 2,241,115 | 1,633,435 | 333,958 |
| Tax | -170,434 | -658 | -49,177 |
| Stock | 0 | 0 | 0 |
| Debtors | -261,895 | 861,043 | 2,077,316 |
| Creditors | -427,447 | 597,726 | 198,677 |
| Accruals and Deferred Income | -775,222 | 722,538 | 971,129 |
| Deferred Taxes & Provisions | 50,503 | -25,461 | 25,461 |
| Cash flow from operations | -162,347 | 1,516,283 | -545,384 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -207,312 | 207,312 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 2,337,880 | 8,021,259 | 18,102,575 |
| Hire Purchase and Lease Commitments | -102 | -1,116 | 4,076 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -2,759,850 | -1,801,354 | -369,933 |
| cash flow from financing | -417,734 | 6,241,199 | 17,858,610 |
| cash and cash equivalents | |||
| cash | -499,123 | 1,061,721 | 1,177,819 |
| overdraft | 0 | 0 | 0 |
| change in cash | -499,123 | 1,061,721 | 1,177,819 |
project altair holdco limited Credit Report and Business Information
Project Altair Holdco Limited Competitor Analysis
Perform a competitor analysis for project altair holdco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in B 3 area or any other competitors across 12 key performance metrics.
project altair holdco limited Ownership
PROJECT ALTAIR HOLDCO LIMITED group structure
Project Altair Holdco Limited has 1 subsidiary company.
Ultimate parent company
PROJECT ALTAIR HOLDCO LIMITED
12920804
1 subsidiary
project altair holdco limited directors
Project Altair Holdco 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
11m
+22%
operating profit
-1.4m
+148%
gross margin
50.1%
+6.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-6.9m
+1.67%
total assets
22.9m
-0.12%
cash
1.7m
-0.22%
net assets
Total assets minus all liabilities
Similar Companies
project altair holdco limited company details
company number
12920804
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
October 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
ensco 1385 limited (December 2020)
accountant
-
auditor
RSM UK AUDIT LLP
address
111 edmund street, birmingham, B3 2HJ
Bank
-
Legal Advisor
-
project altair holdco 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 holdco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
project altair holdco 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.
Click to start generating capital raising & share issue transactions for PROJECT ALTAIR HOLDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project altair holdco limited Companies House Filings - See Documents
| date | description | view/download |
|---|
