Altmore Developments Ltd

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altmore developments ltd Company Information

Live

MatureSmallRapid

Company Number

NI040630

Website

Registered Address

45 altmore road, pomeroy, co tyrone, BT70 2UN

Industry

Construction of domestic buildings

Telephone

02887758977

Next Accounts Due

March 2025

Group Structure

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Directors

Caroline Rafferty23 Years

Brian Rafferty23 Years

Shareholders

caroline rafferty 50%

brian rafferty 50%

altmore developments ltd Estimated Valuation

£494.9k - £3.6m

The estimated valuation range for altmore developments ltd, derived from financial data as of June 2023 and the most recent industry multiples, is between £494.9k to £3.6m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Altmore Developments Ltd AI Business Plan

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Altmore Developments Ltd is a live company located in co tyrone, BT70 2UN with a Companies House number of NI040630. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in April 2001, it's largest shareholder is caroline rafferty with a 50% stake. Altmore Developments Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Altmore Developments Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

2 Regular

2 Weak

Size

annual sales of £1.5m, make it larger than the average company (£428.4k)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (7.8%)

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 altmore developments ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

ALTMORE DEVELOPMENTS LTD group structure

Altmore Developments Ltd has no subsidiary companies.

Ultimate parent company

ALTMORE DEVELOPMENTS LTD

NI040630

ALTMORE DEVELOPMENTS LTD Shareholders

caroline rafferty	50%
brian rafferty	50%

Altmore Developments Ltd currently has 2 directors. The longest serving directors include Ms Caroline Rafferty (Apr 2001) and Mr Brian Rafferty (Apr 2001).

officer	country	age	start	end	role
Ms Caroline Rafferty		59 years	Apr 2001	-	Director
Mr Brian Rafferty		60 years	Apr 2001	-	Director

EXPORT

Altmore Developments Ltd's latest turnover from June 2023 is estimated at £1.5 million and the company has net assets of £2.8 million. According to their latest financial statements, we estimate that Altmore Developments Ltd has 3 employees and maintains cash reserves of £791.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	1,542,393	1,144,179	867,802	684,383	736,702	615,044	251,393	392,177	517,987	812,004	394,014	300,195	157,547	819,459
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,385,731	1,019,251	783,964	615,916	652,964	539,218	216,653	341,910	453,005	716,150	348,494	264,472	138,857	728,938
Gross Profit	156,662	124,928	83,838	68,468	83,738	75,826	34,740	50,267	64,982	95,854	45,520	35,724	18,690	90,521
Admin Expenses	-302,334	-260,626	-82,369	-79,032	12,592	36,920	-73,189	-119,204	-5,880	-150,904	-42,457	28,528	20,341	-1,555,303
Operating Profit	458,996	385,554	166,207	147,500	71,146	38,906	107,929	169,471	70,862	246,758	87,977	7,196	-1,651	1,645,824
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	1,742	1,811	69
Interest Receivable	30,828	5,755	439	308	2,024	1,371	456	569	225	1,180	2,469	2,697	2,975	1,568
Pre-Tax Profit	489,824	391,309	166,646	147,809	73,170	40,278	108,385	170,040	71,088	247,938	90,447	8,150	-487	1,647,324
Tax	-122,456	-74,349	-31,663	-28,084	-13,902	-7,653	-20,593	-34,008	-14,217	-52,067	-20,803	-1,956	0	-461,251
Profit After Tax	367,368	316,960	134,983	119,725	59,268	32,625	87,792	136,032	56,870	195,871	69,644	6,194	-487	1,186,073
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	367,368	316,960	134,983	119,725	59,268	32,625	87,792	136,032	56,870	195,871	69,644	6,194	-487	1,186,073
Employee Costs	130,308	83,567	78,179	80,182	88,667	42,595	38,817	41,560	40,900	77,303	37,571	37,546	35,224	68,558
Number Of Employees	3	2	2	2	2	1	1	1	1	2	1	1	1	2
EBITDA*	529,362	434,348	209,592	190,917	120,868	93,525	147,718	213,890	95,145	266,063	104,691	23,381	10,784	1,661,337

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	235,523	176,739	160,512	160,610	179,519	194,207	149,716	163,605	103,197	88,262	80,492	48,556	37,303	46,538
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	235,523	176,739	160,512	160,610	179,519	194,207	149,716	163,605	103,197	88,262	80,492	48,556	37,303	46,538
Stock & work in progress	2,295,695	2,174,073	1,758,281	1,583,638	1,632,992	1,451,858	1,478,188	1,435,676	1,403,615	1,315,798	644,076	590,076	629,142	636,650
Trade Debtors	27,556	25,349	23,144	23,241	29,071	16,439	36,313	87,631	44,988	170,625	99,292	66,175	28,190	103,751
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	791,455	441,673	479,145	397,928	218,615	321,143	227,373	137,680	89,929	123	471,845	515,896	562,778	627,184
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,114,706	2,641,095	2,260,570	2,004,807	1,880,678	1,789,440	1,741,874	1,660,987	1,538,532	1,486,546	1,215,213	1,172,147	1,220,110	1,367,585
total assets	3,350,229	2,817,834	2,421,082	2,165,417	2,060,197	1,983,647	1,891,590	1,824,592	1,641,729	1,574,808	1,295,705	1,220,703	1,257,413	1,414,123
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	53,609	2,114
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	550,582	373,847	283,746	212,150	225,436	206,528	8,733	9,089	127,562	117,511	34,279	28,921	16,028	210,496
Group/Directors Accounts	0	0	0	0	0	0	115,246	137,096	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	2,188	3,750
other current liabilities	0	0	0	0	0	0	20,956	28,208	0	0	0	0	0	0
total current liabilities	550,582	373,847	283,746	212,150	225,436	206,528	144,935	174,393	127,562	117,511	34,279	28,921	71,825	216,360
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	29,183	40,377	50,000	0	0	0	0	0	0	0	0	0	0	2,188
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	9,500
total long term liabilities	29,183	40,377	50,000	0	0	0	0	0	0	0	0	0	0	11,688
total liabilities	579,765	414,224	333,746	212,150	225,436	206,528	144,935	174,393	127,562	117,511	34,279	28,921	71,825	228,048
net assets	2,770,464	2,403,610	2,087,336	1,953,267	1,834,761	1,777,119	1,746,655	1,650,199	1,514,167	1,457,297	1,261,426	1,191,782	1,185,588	1,186,075
total shareholders funds	2,770,464	2,403,610	2,087,336	1,953,267	1,834,761	1,777,119	1,746,655	1,650,199	1,514,167	1,457,297	1,261,426	1,191,782	1,185,588	1,186,075

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	458,996	385,554	166,207	147,500	71,146	38,906	107,929	169,471	70,862	246,758	87,977	7,196	-1,651	1,645,824
Depreciation	70,366	48,794	43,385	43,417	49,722	54,619	39,789	44,419	24,283	19,305	16,714	16,185	12,435	15,513
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-122,456	-74,349	-31,663	-28,084	-13,902	-7,653	-20,593	-34,008	-14,217	-52,067	-20,803	-1,956	0	-461,251
Stock	121,622	415,792	174,643	-49,354	181,134	-26,330	42,512	32,061	87,817	671,722	54,000	-39,066	-7,508	636,650
Debtors	2,207	2,205	-97	-5,830	12,632	-19,874	-51,318	42,643	-125,637	71,333	33,117	37,985	-75,561	103,751
Creditors	176,735	90,101	71,596	-13,286	18,908	197,795	-356	-118,473	10,051	83,232	5,358	12,893	-194,468	210,496
Accruals and Deferred Income	0	0	0	0	0	-20,956	-7,252	28,208	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	-9,500	9,500
Cash flow from operations	459,812	32,103	74,979	204,731	-67,892	308,915	128,323	14,913	128,799	-445,827	2,129	35,399	-110,115	679,681
Investing Activities
capital expenditure	-129,150	-65,021	-43,287	-24,508	-35,034	-99,110	-25,900	-104,827	-39,218	-27,075	-48,650	-27,438	-3,200	-62,051
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-129,150	-65,021	-43,287	-24,508	-35,034	-99,110	-25,900	-104,827	-39,218	-27,075	-48,650	-27,438	-3,200	-62,051
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-115,246	-21,850	137,096	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	-2,188	-1,562	3,750
other long term liabilities	-11,194	-9,623	50,000	0	0	0	0	0	0	0	0	0	-2,188	2,188
share issue	-514	-686	-914	-1,219	-1,626	-2,161	8,664	0	0	0	0	0	0	2
interest	30,828	5,755	439	308	2,024	1,371	456	569	225	1,180	2,469	955	1,164	1,499
cash flow from financing	19,120	-4,554	49,525	-911	398	-116,036	-12,730	137,665	225	1,180	2,469	-1,233	-2,586	7,439
cash and cash equivalents
cash	349,782	-37,472	81,217	179,313	-102,528	93,770	89,693	47,751	89,806	-471,722	-44,051	-46,882	-64,406	627,184
overdraft	0	0	0	0	0	0	0	0	0	0	0	-53,609	51,495	2,114
change in cash	349,782	-37,472	81,217	179,313	-102,528	93,770	89,693	47,751	89,806	-471,722	-44,051	6,727	-115,901	625,070

P&L

June 2023

turnover

1.5m

+35%

operating profit

459k

gross margin

10.2%

-6.97%

turnover

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

Balance Sheet

June 2023

net assets

2.8m

+0.15%

total assets

3.4m

+0.19%

cash

791.5k

+0.79%

net assets

Total assets minus all liabilities

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company number

NI040630

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

April 2001

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

45 altmore road, pomeroy, co tyrone, BT70 2UN

last accounts submitted

June 2023

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 altmore developments ltd. Currently there are 3 open charges and 1 have been satisfied in the past.

altmore developments ltd Company Information

altmore developments ltd Estimated Valuation

altmore developments ltd Estimated Valuation

altmore developments ltd Estimated Valuation

Altmore Developments Ltd AI Business Plan

Altmore Developments Ltd Overview

Altmore Developments Ltd Health Check

altmore developments ltd Credit Report and Business Information

Altmore Developments Ltd Competitor Analysis

altmore developments ltd Ownership

altmore developments ltd directors

ALTMORE DEVELOPMENTS LTD financials

altmore developments ltd company details

altmore developments ltd Charges & Mortgages

altmore developments ltd Companies House Filings - See Documents