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Atlantic Steel Processing Limited

04141157

in administration
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

2ND FLOOR, ABBEY HOUSE, MANCHESTER, M2 4AB
Incorporated 15/01/2001

Compliance

Last accounts

31/12/2022

full

Next accounts due

30/09/2024

Overdue

Confirmation statement

Last: 21/01/2024

Due 04/02/2025

Overdue

Industry

46720
Wholesale of metals and metal ores

Officers

Lee Mccann

director · Since 25/07/2022

British

Alex Payne

director · Since 25/07/2022

British

James Pinkham

director · Since 25/07/2022

British

Nicholas John Sutherland

director · Since 01/01/2021

British

Former

Karen Lesley Ann Hurst

secretary · Resigned 21/12/2020

Dla Secretarial Services Limited

corporate nominee secretary · Resigned 18/04/2001

Miles Battersby

director · Resigned 21/12/2020

Matthew Ford

director · Resigned 25/07/2022

Karen Lesley Ann Hurst

director · Resigned 21/12/2020

Lorna Hurst

director · Resigned 21/12/2020

Philip John Hurst

director · Resigned 04/10/2015

Philip Mccabe

director · Resigned 25/07/2022

Kevin John Middis

director · Resigned 31/12/2018

Dla Nominees Limited

corporate nominee director · Resigned 18/04/2001

Dla Secretarial Services Limited

corporate nominee director · Resigned 18/04/2001

Insolvency History1 case

in administration

Richard Goodall (practitioner) · Martyn Rickels (practitioner)

CompanyRankvs 105+ SIC 46720 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.11× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Insolvency history -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2022

Turnover

£67.3M

Annual revenue

Net Worth

£26.6M

Balance sheet strength

Cash

£328k

Cash in the bank

Profit Before Tax

£10.9M

Bottom line earnings

Net Current Assets

£25.2M

Working capital

Current Assets

£47.8M

Current Liabilities

£22.7M

Fixed Assets

£2.3M

Debtors

£39.0M

Cost of Sales

£52.2M

Gross Profit

£15.0M

Admin Expenses

£1.6M

Operating Profit

£11.4M

Profit After Tax

£8.8M

38avg. employees

Tax at Year End

Corp tax£1.1M
Dividends paid£738k

People Costs

Wages & salaries£1.1M
NI contributions£116k

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£0
Assets less current liabilities£27.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20222.11

Derived from filed accounts. Not audited figures.