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Atlantic Contracts Limited

04232289

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

ATLANTIC HOUSE, BOREHAMWOOD, WD6 2BT
Incorporated 11/06/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43320
Joinery installation
43999
Specialised construction activities

Officers

Mr Michael Masterson

secretary · Since 11/06/2001

BUILDING CONTRACTOR

IRISH · UNITED KINGDOM · Age 75

Also on 11 other boards

Mr Alastair Cole

director · Since 11/06/2001

QUANTITY SURVEYOR

BRITISH · UNITED KINGDOM · Age 60

Mr Michael Masterson

director · Since 11/06/2001

CHAIRMAN CONSTRUCTION COMPANY

IRISH · UNITED KINGDOM · Age 75

Also on 11 other boards

Mrs Mona Ann Masterson

director · Since 26/06/2001

ADMINISTRATOR

BRITISH · UNITED KINGDOM · Age 74

Also on 3 other boards

Mr Nathan Brett Paskell

director · Since 10/11/2004

COMMERCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 2 other boards

Mr. Sean Masterson

director · Since 22/06/2007

CONSTRUCTION MANAGER

IRISH · ENGLAND · Age 48

Also on 7 other boards

Mr Keith Leonard Masterson

director · Since 22/06/2007

SURVEYOR

IRISH · ENGLAND · Age 52

Also on 5 other boards

Mr Michael Christian Masterson

director · Since 10/07/2009

CONSTRUCTION MANAGER

BRITISH · ENGLAND · Age 45

Also on 6 other boards

Andrew Darren Henry Chowings

director · Since 01/01/2010

HEALTH & SAFETY, ENVIRONMENTAL & QUALITY

BRITISH · UNITED KINGDOM · Age 61

Also on 1 other board

Mr Terry Mark Dyett

director · Since 03/01/2011

CONSTRUCTION DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 1 other board

Mr Richard Graham Watts

director · Since 01/02/2014

ESTIMATING

BRITISH · UNITED KINGDOM · Age 51

Mr Simon O'Shea

director · Since 31/08/2017

SURVEYOR

BRITISH · ENGLAND · Age 53

Persons with Significant Control

Masterson Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Atlantic House, 7, Stirling Way, Borehamwood, WD6 2BT

Reg: 04243937 · England And Wales · Limited Company

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

AIB GROUP (UK) P.L.C.

Created 02/03/2006Registered 04/03/2006Satisfied 03/12/2019
charge
satisfied

AIB GROUP(UK) PLC

Created 06/11/2003Registered 12/11/2003Satisfied 02/12/2019

CompanyRankvs 46+ SIC 43320 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.08× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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

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

Going Concern Doubt

or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform

Key FinancialsYear ending 31/08/2020

Turnover

£45.2M

Annual revenue

Net Worth

£11.0M

Balance sheet strength

Cash

£6.0M

Cash in the bank

Profit Before Tax

£2.8M

Bottom line earnings

Net Current Assets

£11.0M

Working capital

Current Assets

£21.3M

Current Liabilities

£10.2M

Debtors

£15.2M

Cost of Sales

£40.6M

Gross Profit

£4.6M

Admin Expenses

£2.0M

Operating Profit

£2.8M

Profit After Tax

£2.4M

68avg. employees

Tax at Year End

Corp tax£278k
Dividends paid£1.4M

People Costs

Wages & salaries£3.3M
NI contributions£346k
Prepared with Caseware UK (AP4) 2020.0.247

EstimatesDerived

YearCurrent RatioImplied Profit
20202.08+£1.0M
20191.98

Derived from filed accounts. Not audited figures.