ating ltd
ating ltd Company Information
Company Number
SC416915
Next Accounts
Jan 2025
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
Directors
Shareholders
michael lovedale
irayna lovedale
View AllGroup Structure
View All
Contact
Registered Address
c/o wri associates limited, third floor turnberry house, glasgow, G2 2LB
Website
hotsauce-drinks.comating ltd Estimated Valuation
Pomanda estimates the enterprise value of ATING LTD at £529k based on a Turnover of £1.3m and 0.39x industry multiple (adjusted for size and gross margin).
ating ltd Estimated Valuation
Pomanda estimates the enterprise value of ATING LTD at £4.1k based on an EBITDA of £1.5k and a 2.84x industry multiple (adjusted for size and gross margin).
ating ltd Estimated Valuation
Pomanda estimates the enterprise value of ATING LTD at £0 based on Net Assets of £-456 and 1.87x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ating Ltd Overview
Ating Ltd is a dissolved company that was located in glasgow, G2 2LB with a Companies House number of SC416915. It operated in the wholesale of wine, beer, spirits and other alcoholic beverages sector, SIC Code 46342. Founded in February 2012, it's largest shareholder was michael lovedale with a 58.4% stake. The last turnover for Ating Ltd was estimated at £1.3m.
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Ating Ltd Health Check
Pomanda's financial health check has awarded Ating Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£18.3m)
- Ating Ltd
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (1.8%)
- Ating Ltd
1.8% - Industry AVG
Production
with a gross margin of 11.6%, this company has a higher cost of product (18.5%)
- Ating Ltd
18.5% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (2.5%)
- Ating Ltd
2.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (33)
- Ating Ltd
33 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)
- Ating Ltd
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £673.6k, this is more efficient (£552.4k)
- Ating Ltd
£552.4k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (48 days)
- Ating Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 129 days, this is slower than average (44 days)
- Ating Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 60 days, this is more than average (43 days)
- Ating Ltd
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Ating Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (67.2%)
100.1% - Ating Ltd
67.2% - Industry AVG
ATING LTD financials
Ating Ltd's latest turnover from March 2016 is estimated at £1.3 million and the company has net assets of -£456. According to their latest financial statements, we estimate that Ating Ltd has 2 employees and maintains cash reserves of £20.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|
| 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 | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|
| Tangible Assets | 17,598 | 5,953 | 6,638 | 5,717 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,598 | 5,953 | 6,638 | 5,717 |
| Stock & work in progress | 196,339 | 143,034 | 129,061 | 92,366 |
| Trade Debtors | 255,334 | 183,436 | 148,608 | 66,819 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 59,213 | 25,560 | 12,882 | 6,572 |
| Cash | 20,353 | 14,513 | 2,935 | 3,610 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 531,239 | 366,543 | 293,486 | 169,367 |
| total assets | 548,837 | 372,496 | 300,124 | 175,084 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 421,227 | 311,429 | 243,953 | 137,369 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 421,227 | 311,429 | 243,953 | 137,369 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 126,875 | 56,871 | 56,871 | 50,000 |
| provisions | 1,191 | 1,191 | 1,328 | 0 |
| total long term liabilities | 128,066 | 58,062 | 58,199 | 50,000 |
| total liabilities | 549,293 | 369,491 | 302,152 | 187,369 |
| net assets | -456 | 3,005 | -2,028 | -12,285 |
| total shareholders funds | -456 | 3,005 | -2,028 | -12,285 |
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 5,003 | 2,708 | 1,928 | 8,290 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 53,305 | 13,973 | 36,695 | 92,366 |
| Debtors | 105,551 | 47,506 | 88,099 | 73,391 |
| Creditors | 109,798 | 67,476 | 106,584 | 137,369 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -137 | 1,328 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 70,004 | 0 | 6,871 | 50,000 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 5,840 | 11,578 | -675 | 3,610 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 5,840 | 11,578 | -675 | 3,610 |
ating ltd Credit Report and Business Information
Ating Ltd Competitor Analysis
Perform a competitor analysis for ating ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in G 2 area or any other competitors across 12 key performance metrics.
ating ltd Ownership
ATING LTD group structure
Ating Ltd has no subsidiary companies.
Ultimate parent company
ATING LTD
SC416915
ating ltd directors
Ating Ltd currently has 1 director, Mr Michael Lovedale serving since Feb 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Lovedale | United Kingdom | 44 years | Feb 2012 | - | Director |
P&L
March 2016turnover
1.3m
+35%
operating profit
-3.5k
0%
gross margin
11.7%
+5.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2016net assets
-456
-1.15%
total assets
548.8k
+0.47%
cash
20.4k
+0.4%
net assets
Total assets minus all liabilities
ating ltd company details
company number
SC416915
Type
Private limited with Share Capital
industry
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
March 2016
previous names
hotsauce drinks ltd (March 2018)
accountant
-
auditor
-
address
c/o wri associates limited, third floor turnberry house, glasgow, G2 2LB
Bank
-
Legal Advisor
-
ating ltd 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 did not find charges/mortgages relating to ating ltd.
ating ltd 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 ATING LTD. This can take several minutes, an email will notify you when this has completed.
ating ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
