atl ocean limited
atl ocean limited Company Information
Company Number
13108515
Website
unionmaritime.comRegistered Address
portland house, 69-71 wembley hill road, wembley, middlesex, HA9 8BU
Industry
Other business support service activities n.e.c.
Telephone
02072999550
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
handymax holdco limited 100%
atl ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ATL OCEAN LIMITED at £4.9m based on a Turnover of £4.8m and 1.02x industry multiple (adjusted for size and gross margin).
atl ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ATL OCEAN LIMITED at £20m based on an EBITDA of £2.6m and a 7.8x industry multiple (adjusted for size and gross margin).
atl ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ATL OCEAN LIMITED at £15.1m based on Net Assets of £5.9m and 2.57x industry multiple (adjusted for liquidity).
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Atl Ocean Limited Overview
Atl Ocean Limited is a live company located in wembley, HA9 8BU with a Companies House number of 13108515. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2021, it's largest shareholder is handymax holdco limited with a 100% stake. Atl Ocean Limited is a startup, small sized company, Pomanda has estimated its turnover at £4.8m with unknown growth in recent years.
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Atl Ocean Limited Health Check
Pomanda's financial health check has awarded Atl Ocean Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £4.8m, make it in line with the average company (£4.5m)
£4.8m - Atl Ocean Limited
£4.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Atl Ocean Limited
- - Industry AVG
Production
with a gross margin of 86.1%, this company has a lower cost of product (37.8%)
86.1% - Atl Ocean Limited
37.8% - Industry AVG
Profitability
an operating margin of 42.7% make it more profitable than the average company (5.7%)
42.7% - Atl Ocean Limited
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (26)
3 - Atl Ocean Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Atl Ocean Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£167.6k)
£1.6m - Atl Ocean Limited
£167.6k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (41 days)
41 days - Atl Ocean Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (31 days)
118 days - Atl Ocean Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is in line with average (32 days)
32 days - Atl Ocean Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (23 weeks)
7 weeks - Atl Ocean Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.4%, this is a lower level of debt than the average (62%)
44.4% - Atl Ocean Limited
62% - Industry AVG
ATL OCEAN LIMITED financials
Atl Ocean Limited's latest turnover from December 2023 is £4.8 million and the company has net assets of £5.9 million. According to their latest financial statements, Atl Ocean Limited has 3 employees and maintains cash reserves of £145.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | 4,784,184 | 5,598,651 | 1,242,250 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 666,778 | 551,515 | 94,654 |
| Gross Profit | 4,117,406 | 5,047,136 | 1,147,596 |
| Admin Expenses | 2,075,757 | 2,104,725 | 402,785 |
| Operating Profit | 2,041,649 | 2,942,411 | 744,811 |
| Interest Payable | 384,851 | 275,010 | 40,413 |
| Interest Receivable | 2,340 | 0 | 0 |
| Pre-Tax Profit | 1,659,139 | 2,667,401 | 704,398 |
| Tax | 0 | 0 | 0 |
| Profit After Tax | 1,659,139 | 2,667,401 | 704,398 |
| Dividends Paid | 992,476 | 1,705,837 | 706,028 |
| Retained Profit | 666,663 | 961,564 | -1,630 |
| Employee Costs | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | |
| EBITDA* | 2,562,505 | 3,445,156 | 831,297 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 9,773,461 | 10,296,440 | 12,109,039 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 9,773,462 | 10,296,440 | 12,109,038 |
| Stock & work in progress | 59,734 | 69,576 | 49,563 |
| Trade Debtors | 543,138 | 97,460 | 279,441 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 78,987 | 155,594 | 55,636 |
| Cash | 145,840 | 194,899 | 380,722 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 827,699 | 517,530 | 765,364 |
| total assets | 10,601,160 | 10,813,970 | 12,874,402 |
| Bank overdraft | 1 | 0 | 1,544,873 |
| Bank loan | 515,288 | 809,740 | 0 |
| Trade Creditors | 215,869 | 224,057 | 202,355 |
| Group/Directors Accounts | 208,049 | 234,521 | 1 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 56,496 | 106,141 | 319,372 |
| total current liabilities | 995,704 | 1,374,460 | 2,066,602 |
| loans | 3,706,689 | 4,207,405 | 11,657,414 |
| 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 | 3,706,690 | 4,207,406 | 5,828,707 |
| total liabilities | 4,702,393 | 5,581,866 | 7,895,309 |
| net assets | 5,898,767 | 5,232,104 | 4,979,093 |
| total shareholders funds | 5,898,767 | 5,232,104 | 4,979,094 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 2,041,649 | 2,942,411 | 744,811 |
| Depreciation | 520,855 | 502,745 | 86,487 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 |
| Stock | -9,843 | 20,013 | 49,563 |
| Debtors | 369,070 | -82,023 | 335,078 |
| Creditors | -8,188 | 21,702 | 202,355 |
| Accruals and Deferred Income | -49,645 | -213,231 | 319,372 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 2,145,444 | 3,315,637 | 968,384 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | -294,452 | 809,740 | 0 |
| Group/Directors Accounts | -26,472 | 234,520 | 1 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -500,716 | -7,450,009 | 11,657,414 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -382,511 | -275,010 | -40,413 |
| cash flow from financing | -1,204,151 | -7,389,312 | 16,597,726 |
| cash and cash equivalents | |||
| cash | -49,059 | -185,823 | 380,722 |
| overdraft | 1 | -1,544,873 | 1,544,873 |
| change in cash | -49,060 | 1,359,050 | -1,164,151 |
atl ocean limited Credit Report and Business Information
Atl Ocean Limited Competitor Analysis
Perform a competitor analysis for atl ocean limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HA9 area or any other competitors across 12 key performance metrics.
atl ocean limited Ownership
ATL OCEAN LIMITED group structure
Atl Ocean Limited has no subsidiary companies.
atl ocean limited directors
Atl Ocean Limited currently has 4 directors. The longest serving directors include Mr Nikolaos Fragkoudakis (Oct 2021) and Mr Mark Verschoyle (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nikolaos Fragkoudakis | United Kingdom | 41 years | Oct 2021 | - | Director |
| Mr Mark Verschoyle | United Kingdom | 61 years | Oct 2021 | - | Director |
| Mr Mark Verschoyle | United Kingdom | 61 years | Oct 2021 | - | Director |
| Mr Matthew Enston | England | 46 years | Apr 2024 | - | Director |
P&L
December 2023turnover
4.8m
-15%
operating profit
2m
-31%
gross margin
86.1%
-4.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.9m
+0.13%
total assets
10.6m
-0.02%
cash
145.8k
-0.25%
net assets
Total assets minus all liabilities
Similar Companies
atl ocean limited company details
company number
13108515
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 2021
age
3
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
uml snp 10 limited (October 2021)
accountant
-
auditor
MALDE & CO
address
portland house, 69-71 wembley hill road, wembley, middlesex, HA9 8BU
Bank
-
Legal Advisor
-
atl ocean 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 4 charges/mortgages relating to atl ocean limited. Currently there are 4 open charges and 0 have been satisfied in the past.
atl ocean limited Companies House Filings - See Documents
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