Ably Resources Holdings Limited

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ably resources holdings limited Company Information

Live

YoungMicroHigh

Company Number

SC523176

Website

ablyresources.com

Registered Address

3rd floor 16 gordon street, glasgow, G1 3PT

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Mark Lombardi8 Years

Nadim Shema8 Years

View All

Shareholders

mark joseph lombardi 51%

nadim shema 24.5%

View All

ably resources holdings limited Estimated Valuation

£0 - £384.8k

The estimated valuation range for ably resources holdings limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £384.8k

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

Ably Resources Holdings Limited AI Business Plan

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Ably Resources Holdings Limited is a live company located in glasgow, G1 3PT with a Companies House number of SC523176. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2015, it's largest shareholder is mark joseph lombardi with a 51% stake. Ably Resources Holdings Limited is a young, micro sized company, Pomanda has estimated its turnover at £378.2k with high growth in recent years.

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Pomanda's financial health check has awarded Ably Resources Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £378.2k, make it smaller than the average company (£18.2m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABLY RESOURCES HOLDINGS LIMITED group structure

Ably Resources Holdings Limited has 2 subsidiary companies.

Ultimate parent company

ABLY RESOURCES HOLDINGS LIMITED

SC523176

2 subsidiaries

ABLY DIGITAL LIMITED

SC588393

ABLY RESOURCES LIMITED

SC279302

ABLY RESOURCES HOLDINGS LIMITED Shareholders

mark joseph lombardi	51%
nadim shema	24.5%
amy baird	24.5%

Ably Resources Holdings Limited currently has 3 directors. The longest serving directors include Mr Mark Lombardi (Dec 2015) and Mr Nadim Shema (Feb 2016).

officer	country	age	start	end	role
Mr Mark Lombardi		63 years	Dec 2015	-	Director
Mr Nadim Shema	Scotland	40 years	Feb 2016	-	Director
Mrs Ami Baird	Scotland	44 years	Feb 2016	-	Director

EXPORT

Ably Resources Holdings Limited's latest turnover from December 2022 is estimated at £378.2 thousand and the company has net assets of £19 thousand. According to their latest financial statements, Ably Resources Holdings Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Turnover	378,193	311,358	284,651	232,519	221,262	194,554	0
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	299,009	249,007	229,529	185,661	177,601	157,137	0
Gross Profit	79,184	62,351	55,122	46,858	43,661	37,418	0
Admin Expenses	90,690	58,028	45,365	42,065	30,951	29,929	1,100
Operating Profit	-11,506	4,323	9,757	4,793	12,710	7,489	-1,100
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	-11,506	4,323	9,757	4,793	12,710	7,489	-1,100
Tax	0	-821	-1,854	-911	-2,415	-1,423	0
Profit After Tax	-11,506	3,502	7,903	3,882	10,295	6,066	-1,100
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-11,506	3,502	7,903	3,882	10,295	6,066	-1,100
Employee Costs	125,963	119,328	115,716	113,545	36,328	34,662	0
Number Of Employees	3	3	3	3	1	1	0
EBITDA*	-11,506	4,323	9,757	4,793	12,710	7,489	-1,100

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Tangible Assets	260,069	260,069	260,069	260,069	260,069	260,069	111,818
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	148,251
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	260,069	260,069	260,069	260,069	260,069	260,069	260,069
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	37,598	23,961	7,602	11,148	11,082	3,007	0
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	48
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	37,598	23,961	7,602	11,148	11,082	3,007	48
total assets	297,667	284,030	267,671	271,217	271,151	263,076	260,117
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	273,728	245,582	234,278	156,358	152,981	148,771	0
Group/Directors Accounts	0	0	0	0	0	0	157,069
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	104,048
total current liabilities	273,728	245,582	234,278	156,358	152,981	148,771	261,117
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	4,897	7,900	6,347	3,183	4,897	4,847	0
other liabilities	0	0	0	92,533	98,012	104,492	0
provisions	0	0	0	0	0	0	0
total long term liabilities	4,897	7,900	6,347	95,716	102,909	109,339	0
total liabilities	278,625	253,482	240,625	252,074	255,890	258,110	261,117
net assets	19,042	30,548	27,046	19,143	15,261	4,966	-1,000
total shareholders funds	19,042	30,548	27,046	19,143	15,261	4,966	-1,000

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Operating Activities
Operating Profit	-11,506	4,323	9,757	4,793	12,710	7,489	-1,100
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	-821	-1,854	-911	-2,415	-1,423	0
Stock	0	0	0	0	0	0	0
Debtors	13,637	16,359	-3,546	66	8,075	2,959	48
Creditors	28,146	11,304	77,920	3,377	4,210	148,771	0
Accruals and Deferred Income	-3,003	1,553	3,164	-1,714	50	-99,201	104,048
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	0	0	92,533	5,479	6,480	52,677	102,900
Investing Activities
capital expenditure	0	0	0	0	0	-148,251	-111,818
Change in Investments	0	0	0	0	0	-148,251	148,251
cash flow from investments	0	0	0	0	0	0	-260,069
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-157,069	157,069
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	-92,533	-5,479	-6,480	104,492	0
share issue	0	0	0	0	0	-100	100
interest	0	0	0	0	0	0	0
cash flow from financing	0	0	-92,533	-5,479	-6,480	-52,677	157,169
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

P&L

December 2022

turnover

378.2k

+21%

operating profit

-11.5k

gross margin

21%

+4.55%

turnover

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

Balance Sheet

December 2022

net assets

19k

-0.38%

total assets

297.7k

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

SC523176

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

December 2015

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

3rd floor 16 gordon street, glasgow, G1 3PT

last accounts submitted

December 2022

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 ably resources holdings limited. Currently there are 4 open charges and 0 have been satisfied in the past.

ably resources holdings limited Company Information

ably resources holdings limited Estimated Valuation

ably resources holdings limited Estimated Valuation

ably resources holdings limited Estimated Valuation

Ably Resources Holdings Limited AI Business Plan

Ably Resources Holdings Limited Overview

Ably Resources Holdings Limited Health Check

ably resources holdings limited Credit Report and Business Information

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ably resources holdings limited Ownership

ably resources holdings limited directors

ABLY RESOURCES HOLDINGS LIMITED financials

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ably resources holdings limited Charges & Mortgages

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