ATLANTIC PROJECTS COMPANY (UK) LIMITED

PEAT HOUSE, 5 STUART STREET, DERBY, DE1 2EQ

Company Number: 05035404
Incorporation date: 05-Feb-2004
Status: Active
Entity type: Private Limited Company

SIC codes:
42220 Construction of utility projects for electricity and telecommunications





SUMMARY

This company is 20.2 years old and is currently active. The company has negative equity (net assets) of GBP -29 million which has worsened since the previous year's figure of GBP -849.5 thousand. The latest reported revenue figure is GBP 41.6 million which is down -30% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -30.2 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 4 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Oct-2024
Accounts Filed: FULL (31-Jan-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Jan-2020 GBP 41,557,255 -29,042,968 -29,645,904
31-Jan-2019 GBP 60,862,346 -721,441 -989,141
31-Jan-2018 GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Jan-2020 GBP 3,570,277 28,137,006 35,684,676 21,399,337 10 -30,204,146 -29,048,782
31-Jan-2019 GBP 2,692,920 12,624,391 12,513,605 18,789,015 10 -558,242 -849,487
31-Jan-2018 GBP 2,692,920 12,624,391 12,513,605 10 431,388 429,746
31-Jan-2017 GBP 10
28-Feb-2016 GBP 10
28-Feb-2015 GBP 10
28-Feb-2014 GBP 10
28-Feb-2013 GBP 10
28-Feb-2012 GBP 10 10
28-Feb-2011 GBP 10 10

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Jan-2018 GBP 100.00% 10 0 10 -1,346,455
28-Feb-2013 GBP inf% -10 10 0 5
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Mark SHINNERS 29 Jul 2021 28 Mar 2024 1 - 0
Resigned Matthew RUNYON 01 Jul 2020 29 Jul 2021 0 - 1
Resigned William WHITFORD 12 Apr 2010 23 Apr 2020 0 - 1
Resigned William Patrick NEENAN 05 Feb 2004 12 Apr 2010 1 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Mark SHINNERS 29 Jul 2021 Cfo Irish 1 - 00 (0.0%)
Active Matthew RUNYON 01 Jul 2020 Company Director American 1 - 00 (0.0%)
Active William NOLAN 12 Jul 2017 Company Director Irish 1 - 00 (0.0%)
Active David WATSON 31 May 2017 Director Canadian 1 - 00 (0.0%)
Resigned Brian Richard SHERRAS 06 Feb 2016 31 Oct 2019 Director British 1 - 20 (0.0%)
Resigned David AGNEW 05 Feb 2004 17 Jun 2005 Company Director Irish 0 - 10 (0.0%)
Resigned William Patrick NEENAN 05 Feb 2004 06 Feb 2016 Mechanical Engineer British 1 - 20 (0.0%)
Resigned Philip HEALY 05 Feb 2004 30 Jun 2020 Mechanical Engineer Irish 1 - 10 (0.0%)
Resigned Michael STAUNTON 05 Feb 2004 06 Feb 2016 Mechanical Engineer Irish 1 - 10 (0.0%)
Resigned James NOLAN 05 Feb 2004 06 Feb 2016 Mechanical Engineer Irish 1 - 10 (0.0%)
Number of active directors: 4
Average tenure of active directors: 5.0 years
Average tenure of resigned directors: 9.6 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
ATLANTIC PROJECTS COMPANY (UK) LIMITED (05035404) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2017-02-052016-02-052015-02-052014-02-052013-02-05
ATLANTIC PROJECTS COMPANY LTDORDINARY10
100%
0
0%
0
0%
0
0%
0
0%
PHILIP HEALYORDINARY0
0%
2
20%
2
20%
2
20%
2
20%
MICHAEL STAUNTONORDINARY0
0%
2
20%
2
20%
2
20%
2
20%
PATRICK GARRYORDINARY0
0%
2
20%
2
20%
2
20%
2
20%
JAMES NOLANORDINARY0
0%
2
20%
2
20%
2
20%
2
20%
WILLIAM PATRICK NEENANORDINARY0
0%
2
20%
2
20%
2
20%
2
20%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

ATLANTIC PROJECTS COMPANY (UK) LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 42220 Construction of utility projects for electricity and telecommunications)

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MORRISON UTILITY SERVICES LIMITED ABEL SMITH HOUSE, GUNNELS WOOD ROAD, STEVENAGE, HERTFORDSHIRE, SG1 2ST 04530602 2018-03-31 778,378,000 20,620,000 42910-Construction of water projects
42990-Construction of other civil engineering projects not elsewhere classified
AMEC FOSTER WHEELER NUCLEAR UK LIMITED COTTONS CENTRE, COTTONS LANE, LONDON, UNITED KINGDOM, SE1 2QG 01120437 2017-12-31 138,549,000 2,748,000 71121-Engineering design activities for industrial process and production
71122-Engineering related scientific and technical consulting activities
71200-Technical testing and analysis
TRANT ENGINEERING LIMITED RUSHINGTON HOUSE, RUSHINGTON, SOUTHAMPTON, HAMPSHIRE, SO40 9LT 00769274 2014-12-31 99,532,444 1,033,206 42910-Construction of water projects
42990-Construction of other civil engineering projects not elsewhere classified
INTERSERVE INDUSTRIAL SERVICES LIMITED HAWTHORN HOUSE 2ND FLOOR, WOODLANDS PARK, NEWTON-LE-WILLOWS, UNITED KINGDOM, WA12 0HF 00444313 2017-12-31 76,836,000 -4,524,000 43991-Scaffold erection
81100-Combined facilities support activities
81222-Specialised cleaning services
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PRIOR CONSTRUCTION LIMITED THE NOOK BELLS HILL ROAD, VANGE, BASILDON, ENGLAND, SS16 5JR 09801090 2017-09-30 2,052,397 0
ELECTRICITY TRANSMISSION AND DISTRIBUTION SOLUTIONS LTD 63 CASTLERIDGE DRIVE, GREENHITHE, ENGLAND, DA9 9WR 08470831 2018-04-30 1,756,869 0
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IVAN88 LTD 234 THEOBALD STREET, BOREHAMWOOD, HERFORTHSHIRE, UNITED KINGDOM, WD6 4PE 10835749 2018-06-30 68,145 0
NRG ELECTRICAL SERVICES LIMITED 10 ISLAY CRESCENT, SALTCOATS, SCOTLAND, KA21 6HD SC563888 2018-04-30 66,955 0 43210-Electrical installation
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BAROWFIELD LIMITED 6 CYPRESS COURT, HAMILTON, SCOTLAND, ML3 7LU SC408194 2019-03-31 36,650 0
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LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
ATLANTIC PROJECTS COMPANY (UK) LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 2.1% 5.8% 11.3% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.2% 6.7% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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