altered images limited

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altered images limited Company Information

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Company Number

03232970

Registered Address

1 park road, hampton wick, kingston upon thames, surrey, KT1 4AS

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

 

Telephone

01352733202

Next Accounts Due

December 2024

Group Structure

View All

Directors

Nicholas Frith18 Years

Anthony Gill5 Years

Shareholders

manorway (media) group ltd 100%

altered images limited Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of ALTERED IMAGES LIMITED at £4.5m based on a Turnover of £9.2m and 0.49x industry multiple (adjusted for size and gross margin).

altered images limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ALTERED IMAGES LIMITED at £0 based on an EBITDA of £-605.3k and a 4.19x industry multiple (adjusted for size and gross margin).

altered images limited Estimated Valuation

£297.7k

Pomanda estimates the enterprise value of ALTERED IMAGES LIMITED at £297.7k based on Net Assets of £107.4k and 2.77x industry multiple (adjusted for liquidity).

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Altered Images Limited Overview

Altered Images Limited is a live company located in kingston upon thames, KT1 4AS with a Companies House number of 03232970. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in August 1996, it's largest shareholder is manorway (media) group ltd with a 100% stake. Altered Images Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.2m with healthy growth in recent years.

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Altered Images Limited Health Check

Pomanda's financial health check has awarded Altered Images Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £9.2m, make it larger than the average company (£6.7m)

£9.2m - Altered Images Limited

£6.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3.7%)

15% - Altered Images Limited

3.7% - Industry AVG

production

Production

with a gross margin of 46.1%, this company has a comparable cost of product (46.1%)

46.1% - Altered Images Limited

46.1% - Industry AVG

profitability

Profitability

an operating margin of -6.7% make it less profitable than the average company (6.5%)

-6.7% - Altered Images Limited

6.5% - Industry AVG

employees

Employees

with 15 employees, this is below the industry average (43)

15 - Altered Images Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.5k, the company has an equivalent pay structure (£25.5k)

£25.5k - Altered Images Limited

£25.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £613.5k, this is more efficient (£124.3k)

£613.5k - Altered Images Limited

£124.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is later than average (14 days)

40 days - Altered Images Limited

14 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 156 days, this is slower than average (38 days)

156 days - Altered Images Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 78 days, this is less than average (99 days)

78 days - Altered Images Limited

99 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (23 weeks)

2 weeks - Altered Images Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (59.6%)

95.2% - Altered Images Limited

59.6% - Industry AVG

altered images limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Altered Images Limited Competitor Analysis

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Perform a competitor analysis for altered images limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

altered images limited Ownership

ALTERED IMAGES LIMITED group structure

Altered Images Limited has no subsidiary companies.

Ultimate parent company

ALTERED IMAGES LIMITED

03232970

ALTERED IMAGES LIMITED Shareholders

manorway (media) group ltd 100%

altered images limited directors

Altered Images Limited currently has 2 directors. The longest serving directors include Mr Nicholas Frith (Apr 2006) and Mr Anthony Gill (Aug 2018).

officercountryagestartendrole
Mr Nicholas FrithUnited Kingdom53 years Apr 2006- Director
Mr Anthony Gill43 years Aug 2018- Director

ALTERED IMAGES LIMITED financials

EXPORTms excel logo

Altered Images Limited's latest turnover from March 2023 is estimated at £9.2 million and the company has net assets of £107.4 thousand. According to their latest financial statements, Altered Images Limited has 15 employees and maintains cash reserves of £119.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover9,202,4207,764,3646,794,9316,104,0496,082,5595,301,6805,240,5525,727,29315,036,72312,344,85413,708,3999,005,42310,697,27210,639,876
Other Income Or Grants00000000000000
Cost Of Sales4,959,1574,497,8683,938,1073,578,3303,546,8933,010,3093,034,3353,358,2169,040,8187,444,5818,405,9965,523,7346,492,6436,363,055
Gross Profit4,243,2633,266,4962,856,8242,525,7192,535,6662,291,3702,206,2172,369,0775,995,9054,900,2735,302,4033,481,6894,204,6294,276,820
Admin Expenses4,858,6752,934,3062,907,7732,513,9862,478,9172,318,4022,087,7832,381,7835,951,4184,938,4485,258,2973,440,2914,206,1863,868,868
Operating Profit-615,412332,190-50,94911,73356,749-27,032118,434-12,70644,487-38,17544,10641,398-1,557407,952
Interest Payable00000000000000
Interest Receivable7,9452,5353602411,3986892174645326251,0151,0103362
Pre-Tax Profit-607,467334,725-50,58911,97458,147-26,343118,651-12,24245,019-37,55045,12142,408-1,221407,954
Tax0-63,5980-2,275-11,0480-23,7300-9,4540-10,829-11,0260-114,227
Profit After Tax-607,467271,127-50,5899,69947,099-26,34394,921-12,24235,565-37,55034,29231,382-1,221293,727
Dividends Paid00000000000000
Retained Profit-607,467271,127-50,5899,69947,099-26,34394,921-12,24235,565-37,55034,29231,382-1,221293,727
Employee Costs381,946325,684288,695283,404286,196258,725300,934300,3382,708,0192,202,4752,292,4681,579,1881,824,2332,050,303
Number Of Employees15141313131214141331081148097109
EBITDA*-605,269345,714-41,52420,91061,180-21,125126,192-4,62555,263-25,53257,60154,72415,424425,480

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets30,42840,57128,27427,53113,29017,72123,27624,24232,32437,92636,79439,97437,47152,578
Intangible Assets00000000000000
Investments & Other2,2871,660000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets32,71542,23128,27427,53113,29017,72123,27624,24232,32437,92636,79439,97437,47152,578
Stock & work in progress1,059,946470,178716,860574,949430,816413,253368,392461,030406,925426,038560,895404,813327,316343,999
Trade Debtors1,025,0641,183,246922,465763,197828,890607,117641,480611,4381,094,972811,493883,226725,547918,323929,276
Group Debtors00000000000000
Misc Debtors00000000000000
Cash119,059254,846421,082298,434184,104188,71786,99686,93098,545114,327135,853270,147133,703718
misc current assets00000000000000
total current assets2,204,0691,908,2702,060,4071,636,5801,443,8101,209,0871,096,8681,159,3981,600,4421,351,8581,579,9741,400,5071,379,3421,273,993
total assets2,236,7841,950,5012,088,6811,664,1111,457,1001,226,8081,120,1441,183,6401,632,7661,389,7841,616,7681,440,4811,416,8131,326,571
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 2,129,3841,235,6341,644,7011,168,830971,597788,073654,632811,0981,245,5441,034,6841,233,5881,091,5931,097,2951,007,415
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities2,129,3841,235,6341,644,7011,168,830971,597788,073654,632811,0981,245,5441,034,6841,233,5881,091,5931,097,2951,007,415
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000002,5836,0279,470001,6510
provisions002409528731,2041,6381,0060000361429
total long term liabilities002409528731,2041,6383,5896,0279,470002,012429
total liabilities2,129,3841,235,6341,644,9411,169,782972,470789,277656,270814,6871,251,5711,044,1541,233,5881,091,5931,099,3071,007,844
net assets107,400714,867443,740494,329484,630437,531463,874368,953381,195345,630383,180348,888317,506318,727
total shareholders funds107,400714,867443,740494,329484,630437,531463,874368,953381,195345,630383,180348,888317,506318,727
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-615,412332,190-50,94911,73356,749-27,032118,434-12,70644,487-38,17544,10641,398-1,557407,952
Depreciation10,14313,5249,4259,1774,4315,9077,7588,08110,77612,64313,49513,32616,98117,528
Amortisation00000000000000
Tax0-63,5980-2,275-11,0480-23,7300-9,4540-10,829-11,0260-114,227
Stock589,768-246,682141,911144,13317,56344,861-92,63854,105-19,113-134,857156,08277,497-16,683343,999
Debtors-158,182260,781159,268-65,693221,773-34,36330,042-483,534283,479-71,733157,679-192,776-10,953929,276
Creditors893,750-409,067475,871197,233183,524133,441-156,466-434,446210,860-198,904141,995-5,70289,8801,007,415
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions0-240-71279-331-4346321,006000-361-68429
Cash flow from operations-143,105-141,290132,456137,507-6,011101,3849,224-8,636-7,697-17,846-124,994152,914132,87245,822
Investing Activities
capital expenditure0-25,821-10,168-23,4180-352-6,7921-5,174-13,775-10,315-15,829-1,874-70,106
Change in Investments6271,660000000000000
cash flow from investments-627-27,481-10,168-23,4180-352-6,7921-5,174-13,775-10,315-15,829-1,874-70,106
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities000000-2,583-3,444-3,4439,4700-1,6511,6510
share issue000000000000025,000
interest7,9452,5353602411,3986892174645326251,0151,0103362
cash flow from financing7,9452,5353602411,398689-2,366-2,980-2,91110,0951,015-6411,98725,002
cash and cash equivalents
cash-135,787-166,236122,648114,330-4,613101,72166-11,615-15,782-21,526-134,294136,444132,985718
overdraft00000000000000
change in cash-135,787-166,236122,648114,330-4,613101,72166-11,615-15,782-21,526-134,294136,444132,985718

P&L

March 2023

turnover

9.2m

+19%

operating profit

-615.4k

0%

gross margin

46.2%

+9.6%

turnover

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

Balance Sheet

March 2023

net assets

107.4k

-0.85%

total assets

2.2m

+0.15%

cash

119.1k

-0.53%

net assets

Total assets minus all liabilities

altered images limited company details

company number

03232970

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

August 1996

age

28

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

1 park road, hampton wick, kingston upon thames, surrey, KT1 4AS

last accounts submitted

March 2023

altered images limited Charges & Mortgages

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 altered images limited. Currently there are 1 open charges and 3 have been satisfied in the past.

charges

altered images limited Companies House Filings - See Documents

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