atlantic resourcing limited
atlantic resourcing limited Company Information
Company Number
SC172880
Next Accounts
557 days late
Shareholders
petrofac facilities management group ltd
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
bridge view, 1 north esplanade west, aberdeen, aberdeenshire, AB11 5QF
Website
www.atlanticresourcing.comatlantic resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC RESOURCING LIMITED at £13.7m based on a Turnover of £63.9m and 0.21x industry multiple (adjusted for size and gross margin).
atlantic resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC RESOURCING LIMITED at £5.1m based on an EBITDA of £1.3m and a 3.81x industry multiple (adjusted for size and gross margin).
atlantic resourcing limited Estimated Valuation
Pomanda estimates the enterprise value of ATLANTIC RESOURCING LIMITED at £25.8m based on Net Assets of £19.9m and 1.3x industry multiple (adjusted for liquidity).
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Atlantic Resourcing Limited Overview
Atlantic Resourcing Limited is a live company located in aberdeen, AB11 5QF with a Companies House number of SC172880. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in February 1997, it's largest shareholder is petrofac facilities management group ltd with a 100% stake. Atlantic Resourcing Limited is a mature, large sized company, Pomanda has estimated its turnover at £63.9m with high growth in recent years.
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Atlantic Resourcing Limited Health Check
Pomanda's financial health check has awarded Atlantic Resourcing Limited a 3.5 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 £63.9m, make it larger than the average company (£11.8m)
£63.9m - Atlantic Resourcing Limited
£11.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (-1.6%)
15% - Atlantic Resourcing Limited
-1.6% - Industry AVG
Production
with a gross margin of 3.6%, this company has a higher cost of product (16.2%)
3.6% - Atlantic Resourcing Limited
16.2% - Industry AVG
Profitability
an operating margin of 2.1% make it as profitable than the average company (2.3%)
2.1% - Atlantic Resourcing Limited
2.3% - Industry AVG
Employees
with 324 employees, this is above the industry average (48)
324 - Atlantic Resourcing Limited
48 - Industry AVG
Pay Structure
on an average salary of £106.2k, the company has a higher pay structure (£46.3k)
£106.2k - Atlantic Resourcing Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £197.2k, this is less efficient (£239k)
£197.2k - Atlantic Resourcing Limited
£239k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Atlantic Resourcing Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is slower than average (4 days)
5 days - Atlantic Resourcing Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atlantic Resourcing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (8 weeks)
2 weeks - Atlantic Resourcing Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.6%, this is a lower level of debt than the average (76.7%)
21.6% - Atlantic Resourcing Limited
76.7% - Industry AVG
ATLANTIC RESOURCING LIMITED financials
Atlantic Resourcing Limited's latest turnover from December 2021 is £63.9 million and the company has net assets of £19.9 million. According to their latest financial statements, Atlantic Resourcing Limited has 324 employees and maintains cash reserves of £246 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 63,887,000 | 46,289,000 | 49,940,000 | 41,622,000 | 42,383,000 | 44,512,000 | 78,657,000 | 134,198,000 | 136,659,000 | 108,587,000 | 84,858,000 | 60,740,000 | 30,118,000 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 61,559,000 | 43,771,000 | 49,197,000 | 39,743,000 | 40,332,000 | 43,079,000 | 75,176,000 | 130,878,000 | 133,065,000 | 105,349,000 | 80,844,000 | 56,969,000 | 27,257,000 |
| Gross Profit | 2,328,000 | 2,518,000 | 743,000 | 1,879,000 | 2,051,000 | 1,433,000 | 3,481,000 | 3,320,000 | 3,594,000 | 3,238,000 | 4,014,000 | 3,771,000 | 2,861,000 |
| Admin Expenses | 991,000 | 360,000 | 8,000 | 488,000 | 975,000 | 785,000 | 2,822,000 | 2,637,000 | 3,057,000 | 2,966,000 | 2,198,000 | 1,856,000 | 1,903,000 |
| Operating Profit | 1,337,000 | 2,158,000 | 735,000 | 1,391,000 | 1,076,000 | 648,000 | 659,000 | 683,000 | 537,000 | 272,000 | 1,816,000 | 1,915,000 | 958,000 |
| Interest Payable | 109,000 | 3,000 | 6,000 | 10,000 | 16,000 | 8,000 | 154,000 | 679,000 | 188,000 | 53,000 | 138,000 | ||
| Interest Receivable | 55,000 | 175,000 | 88,000 | 120,000 | 117,000 | 2,000 | 2,000 | 2,000 | 2,000 | 14,000 | |||
| Pre-Tax Profit | 1,228,000 | 2,213,000 | 942,000 | 1,560,000 | 1,154,000 | 752,000 | 641,000 | 531,000 | -142,000 | 86,000 | 1,765,000 | 1,779,000 | 1,147,000 |
| Tax | -345,000 | -454,000 | -178,000 | -296,000 | -222,000 | -149,000 | -128,000 | -152,000 | 146,000 | -21,000 | -423,000 | -475,000 | -309,000 |
| Profit After Tax | 883,000 | 1,759,000 | 764,000 | 1,264,000 | 932,000 | 603,000 | 513,000 | 379,000 | 4,000 | 65,000 | 1,342,000 | 1,304,000 | 838,000 |
| Dividends Paid | 602,000 | 721,000 | |||||||||||
| Retained Profit | 883,000 | 1,759,000 | 764,000 | 1,264,000 | 932,000 | 603,000 | 513,000 | 379,000 | 4,000 | 65,000 | 1,342,000 | 702,000 | 117,000 |
| Employee Costs | 34,403,000 | 16,582,000 | 10,412,000 | 9,601,000 | 10,368,000 | 6,931,000 | 9,489,000 | 12,636,000 | 16,907,000 | 22,296,000 | 23,385,000 | 21,290,000 | 16,009,000 |
| Number Of Employees | 324 | 233 | 160 | 180 | 155 | 108 | 158 | 206 | 303 | 329 | 398 | 379 | 347 |
| EBITDA* | 1,337,000 | 2,158,000 | 735,000 | 1,391,000 | 1,087,000 | 683,000 | 693,000 | 706,000 | 537,000 | 272,000 | 1,816,000 | 1,915,000 | 958,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||||
| Intangible Assets | 11,000 | 46,000 | 80,000 | ||||||||||
| Investments & Other | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 11,000 | 46,000 | 80,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | |||||
| Stock & work in progress | |||||||||||||
| Trade Debtors | 297,000 | 1,152,000 | 866,000 | 2,196,000 | 1,967,000 | 661,000 | |||||||
| Group Debtors | 24,159,000 | 24,067,000 | 39,189,000 | 43,461,000 | 36,325,000 | 32,900,000 | 35,329,000 | 54,690,000 | 34,229,000 | 27,911,000 | 7,729,000 | 5,269,000 | |
| Misc Debtors | 970,000 | 831,000 | 1,090,000 | 946,000 | 1,252,000 | 2,382,000 | 5,400,000 | 6,843,000 | 5,094,000 | 4,991,000 | 15,853,000 | 4,297,000 | |
| Cash | 246,000 | 497,000 | 372,000 | 217,000 | 243,000 | 1,955,000 | |||||||
| misc current assets | |||||||||||||
| total current assets | 25,375,000 | 25,395,000 | 42,812,000 | 40,496,000 | 44,407,000 | 37,577,000 | 35,282,000 | 41,269,000 | 62,685,000 | 40,189,000 | 35,098,000 | 25,549,000 | 12,182,000 |
| total assets | 25,375,000 | 25,395,000 | 42,812,000 | 40,496,000 | 44,407,000 | 37,588,000 | 35,328,000 | 41,349,000 | 62,697,000 | 40,201,000 | 35,110,000 | 25,561,000 | 12,194,000 |
| Bank overdraft | 3,597,000 | 1,562,000 | 642,000 | 2,741,000 | 371,000 | 11,811,000 | 11,172,000 | ||||||
| Bank loan | |||||||||||||
| Trade Creditors | 956,000 | 487,000 | 341,000 | 752,000 | 354,000 | 1,547,000 | 1,588,000 | 3,226,000 | 5,442,000 | 5,839,000 | 1,294,000 | 1,167,000 | 563,000 |
| Group/Directors Accounts | 21,000 | 4,736,000 | 3,986,000 | 5,716,000 | 900,000 | 18,844,000 | 21,108,000 | 5,731,000 | 38,000 | 2,307,000 | |||
| other short term finances | 4,595,000 | ||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 4,515,000 | 1,172,000 | 3,176,000 | 3,422,000 | 4,093,000 | 3,315,000 | 7,953,000 | 6,779,000 | 2,996,000 | 6,452,000 | 4,704,000 | 1,546,000 | |
| total current liabilities | 5,492,000 | 6,395,000 | 9,466,000 | 7,914,000 | 13,089,000 | 7,202,000 | 5,545,000 | 12,079,000 | 33,806,000 | 30,314,000 | 25,288,000 | 17,081,000 | 4,416,000 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | |||||||||||||
| provisions | |||||||||||||
| total long term liabilities | |||||||||||||
| total liabilities | 5,492,000 | 6,395,000 | 9,466,000 | 7,914,000 | 13,089,000 | 7,202,000 | 5,545,000 | 12,079,000 | 33,806,000 | 30,314,000 | 25,288,000 | 17,081,000 | 4,416,000 |
| net assets | 19,883,000 | 19,000,000 | 33,346,000 | 32,582,000 | 31,318,000 | 30,386,000 | 29,783,000 | 29,270,000 | 28,891,000 | 9,887,000 | 9,822,000 | 8,480,000 | 7,778,000 |
| total shareholders funds | 19,883,000 | 19,000,000 | 33,346,000 | 32,582,000 | 31,318,000 | 30,386,000 | 29,783,000 | 29,270,000 | 28,891,000 | 9,887,000 | 9,822,000 | 8,480,000 | 7,778,000 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 1,337,000 | 2,158,000 | 735,000 | 1,391,000 | 1,076,000 | 648,000 | 659,000 | 683,000 | 537,000 | 272,000 | 1,816,000 | 1,915,000 | 958,000 |
| Depreciation | 23,000 | ||||||||||||
| Amortisation | 11,000 | 35,000 | 34,000 | ||||||||||
| Tax | -345,000 | -454,000 | -178,000 | -296,000 | -222,000 | -149,000 | -128,000 | -152,000 | 146,000 | -21,000 | -423,000 | -475,000 | -309,000 |
| Stock | |||||||||||||
| Debtors | 231,000 | 24,898,000 | -40,279,000 | -4,128,000 | 6,830,000 | 2,295,000 | -5,744,000 | -21,659,000 | 22,496,000 | 5,091,000 | 9,549,000 | 15,322,000 | 10,227,000 |
| Creditors | 469,000 | 146,000 | -411,000 | 398,000 | -1,193,000 | -41,000 | -1,638,000 | -2,216,000 | -397,000 | 4,545,000 | 127,000 | 604,000 | 563,000 |
| Accruals and Deferred Income | 3,343,000 | 1,172,000 | -3,176,000 | -246,000 | -671,000 | 778,000 | -4,638,000 | 1,174,000 | 3,783,000 | -3,456,000 | 1,748,000 | 3,158,000 | 1,546,000 |
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | 4,573,000 | -21,876,000 | 5,375,000 | -7,829,000 | -1,024,000 | 33,000 | 21,171,000 | -18,427,000 | -3,751,000 | -6,281,000 | -10,120,000 | -7,469,000 | |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -12,000 | 12,000 | |||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -4,715,000 | 4,736,000 | -3,986,000 | -1,730,000 | 5,716,000 | -900,000 | -17,944,000 | -2,264,000 | 15,377,000 | 5,693,000 | -2,269,000 | 2,307,000 | |
| Other Short Term Loans | -4,595,000 | 4,595,000 | |||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | |||||||||||||
| share issue | |||||||||||||
| interest | -109,000 | 55,000 | 169,000 | 78,000 | 104,000 | 109,000 | -152,000 | -679,000 | -186,000 | -51,000 | -136,000 | 14,000 | |
| cash flow from financing | -4,824,000 | -15,909,000 | -1,561,000 | 5,794,000 | 104,000 | -791,000 | -18,096,000 | 16,057,000 | 15,191,000 | 5,642,000 | -2,405,000 | 9,982,000 | |
| cash and cash equivalents | |||||||||||||
| cash | -251,000 | 125,000 | 155,000 | 217,000 | -243,000 | 243,000 | -1,955,000 | 1,955,000 | |||||
| overdraft | -3,597,000 | 2,035,000 | 920,000 | 642,000 | -2,741,000 | 2,370,000 | -11,440,000 | 639,000 | 11,172,000 | ||||
| change in cash | -251,000 | 125,000 | 155,000 | 3,814,000 | -2,035,000 | -920,000 | -885,000 | 2,984,000 | -2,370,000 | 11,440,000 | -639,000 | -13,127,000 | 1,955,000 |
atlantic resourcing limited Credit Report and Business Information
Atlantic Resourcing Limited Competitor Analysis
Perform a competitor analysis for atlantic resourcing limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in AB11 area or any other competitors across 12 key performance metrics.
atlantic resourcing limited Ownership
ATLANTIC RESOURCING LIMITED group structure
Atlantic Resourcing Limited has no subsidiary companies.
Ultimate parent company
PETROFAC LTD
#0019528
2 parents
ATLANTIC RESOURCING LIMITED
SC172880
atlantic resourcing limited directors
Atlantic Resourcing Limited currently has 2 directors. The longest serving directors include Mr Afonso Reis E Sousa (Sep 2024) and Mr Tareq Kawash (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Afonso Reis E Sousa | 54 years | Sep 2024 | - | Director | |
| Mr Tareq Kawash | 56 years | Sep 2024 | - | Director |
P&L
December 2021turnover
63.9m
+38%
operating profit
1.3m
-38%
gross margin
3.7%
-33.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
19.9m
+0.05%
total assets
25.4m
0%
cash
246k
-0.51%
net assets
Total assets minus all liabilities
atlantic resourcing limited company details
company number
SC172880
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
February 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2021
previous names
ledge 320 limited (May 1997)
accountant
-
auditor
ERNST & YOUNG LLP
address
bridge view, 1 north esplanade west, aberdeen, aberdeenshire, AB11 5QF
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
atlantic resourcing 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 atlantic resourcing limited. Currently there are 0 open charges and 4 have been satisfied in the past.
atlantic resourcing 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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atlantic resourcing limited Companies House Filings - See Documents
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