{"name":"ATLANTIC PROPERTY DEVELOPMENTS LIMITED","company_number":"02341408","status":"Active","type":"Private Limited Company","incorporated":"1989-01-31","dissolved":null,"registered_office":"Foxfield Rudry Road, Lisvane, Cardiff, Wales, CF14 0SN","postcode":"CF14 0SN","sic_codes":[{"code":68209,"description":"Other letting and operating of own or leased real estate"}],"principal_activity":null,"previous_names":[{"name":"ATLANTIC PROPERTY DEVELOPMENTS PLC","changed_on":"2026-08-24"},{"name":"FILBUK 178 LIMITED","changed_on":"1989-09-22"}],"warnings":[],"accounts":{"category":"Full","year_end":"29 March","last_made_up_to":"2025-03-31","next_due":"2026-12-29"},"employees":null,"financials":[{"financial_date":"2023-03-31","turnover":771459,"net_assets":952615,"cash":149931},{"financial_date":"2022-01-31","turnover":590999,"net_assets":1018861,"cash":54136},{"financial_date":"2021-01-31","turnover":594760,"net_assets":-1268727,"cash":166734},{"financial_date":"2020-01-31","cash":184031},{"financial_date":"2019-01-31","cash":100862}],"officers":{"current":6,"resigned":9,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":37,"outstanding":28},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Atlantic Property Developments presents a conditional credit proposition: profitability has strengthened significantly with net profit tripling to £1.45M (2025), and the business has recovered from a prolonged period of negative net assets (2018-2021). However, the balance sheet remains highly leveraged with net current liabilities of £7.93M, cash declining 40% to £172K despite strong profits, and a thin equity cushion of £1.89M against likely £18M+ in total assets. Any lending should be secured against property assets, supported by personal guarantees from the PSCs, and subject to quarterly monitoring with particular focus on the net current liabilities trajectory and cash conversion from reported profits.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/atlantic-property-developments-1","people":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/people","filing_history":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02341408","financials":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/financial","control":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/control","charges":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/atlantic-property-developments-1/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/atlantic-property-developments-1"}