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Atlanta Bidco Limited

11394842

active
Private Limited Company
england wales
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

BDO LLP, FIRST FLOOR NORTH BOTTLE WORKS, GUILDFORD, GU1 4LP
Incorporated 04/06/2018

Compliance

Last accounts

31/01/2025

full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 10/08/2026

Due 24/08/2027

On track

Industry

61900
Other telecommunications activities

Officers

Walter Alpheus Jones Iii

director · Since 11/10/2022

RETIRED

AMERICAN · UNITED STATES · Age 73

Also on 5 other boards

Chris Nickerson

director · Since 11/10/2022

CHIEF EXECUTIVE

AMERICAN · UNITED STATES · Age 47

Also on 5 other boards

Mr Michael Lee Workman

director · Since 11/10/2022

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 69

Also on 7 other boards

Persons with Significant Control

Atlanta Midco Limited

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

Bdo Llp, First Floor North, Bottle Works, Guildford, GU1 4LP

Reg: 11394872 · Companies House · Private Limited Company

Notified 02/07/2018

Former PSCs

Inhoco Formations Limited

Ceased 02/07/2018

Charges1 outstanding

Charge
outstanding

GLAS TRUST CORPORATION LIMITED (AS SECURITY AGENT)

Created 08/09/2022Registered 16/09/2022
Charge
satisfied

ARES MANAGEMENT LIMITED

Created 05/07/2018Registered 06/07/2018Satisfied 16/09/2022

CompanyRankvs 8293+ SIC 61900 peers
7

Financial strength0th percentile among SIC peers · 0/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees2/15 pts

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

Liquidity2/20 pts

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

Longevity8/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

reliant on the Atlanta Topco Limited or Damovo Group (Group) to be a going concern to be able to support it. Therefore, the going concern review focuses on the forecasts for the Group and their ability to continue as a going concern. The results for the year for the Group show revenues of €157,484K (2024: €143,863K) and a pre-tax loss

Key FinancialsYear ending 31/01/2025

Net Worth

-£43.6M

Balance sheet strength

Cash

Cash in the bank

Profit Before Tax

-£18.5M

Bottom line earnings

Net Current Assets

-£12.2M

Working capital

Current Assets

£1.0M

Current Liabilities

£13.2M

Fixed Assets

£112.2M

Debtors

£1.0M

Admin Expenses

£21k

Operating Profit

-£38k

Profit After Tax

-£18.5M

0avg. employees

Balance Sheet

Bank loans & overdrafts£66.9M
Assets less current liabilities£100.0M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20250.08

Derived from filed accounts. Not audited figures.