Global Shipping Services Limited

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global shipping services limited Company Information

Live

EstablishedMidHigh

Company Number

05536147

Website

www.global-shipping.co.uk

Registered Address

timber terminal normandy way, goole, east yorkshire, DN14 5SP

Industry

Other transportation support activities

Cargo handling for land transport activities of division 49

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Telephone

01482326877

Next Accounts Due

September 2024

Group Structure

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Directors

Peter Waud8 Years

Shareholders

lupfaw 424 ltd 100%

global shipping services limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of GLOBAL SHIPPING SERVICES LIMITED at £8.1m based on a Turnover of £12.5m and 0.65x industry multiple (adjusted for size and gross margin).

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Global Shipping Services Limited is a live company located in east yorkshire, DN14 5SP with a Companies House number of 05536147. It operates in the cargo handling for water transport activities sector, SIC Code 52241. Founded in August 2005, it's largest shareholder is lupfaw 424 ltd with a 100% stake. Global Shipping Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.5m with high growth in recent years.

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Pomanda's financial health check has awarded Global Shipping Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £12.5m, make it larger than the average company (£8.1m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOBAL SHIPPING SERVICES LIMITED group structure

Global Shipping Services Limited has 1 subsidiary company.

Ultimate parent company

TIMBERGATE HOLDINGS LIMITED

14323552

LUPFAW 424 LIMITED

09802069

2 parents

GLOBAL SHIPPING SERVICES LIMITED

05536147

1 subsidiary

GSAS (SHELF CO) LIMITED

07320583

GLOBAL SHIPPING SERVICES LIMITED Shareholders

lupfaw 424 ltd

100%

Global Shipping Services Limited currently has 1 director, Mr Peter Waud serving since Sep 2015.

officer	country	age	start	end	role
Mr Peter Waud	England	53 years	Sep 2015	-	Director

EXPORT

Global Shipping Services Limited's latest turnover from December 2022 is estimated at £12.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Global Shipping Services Limited has 108 employees and maintains cash reserves of £104.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	12,460,596	10,387,834	10,086,145	7,382,766	7,451,562	8,168,327	6,537,791	6,185,838	5,980,219	4,724,025	4,968,226	5,459,679	4,475,968	5,323,730
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,728,017	7,902,147	7,474,579	5,528,693	5,625,828	6,158,141	4,616,402	4,587,742	4,435,098	3,478,154	3,769,529	3,416,339	3,312,553	3,524,302
Gross Profit	2,732,579	2,485,687	2,611,566	1,854,073	1,825,734	2,010,186	1,921,389	1,598,096	1,545,121	1,245,871	1,198,697	2,043,340	1,163,415	1,799,428
Admin Expenses	2,673,686	2,553,186	2,605,430	1,822,706	1,828,459	1,815,597	736,151	1,014,538	1,140,172	1,119,648	894,409	2,025,347	2,164,861	1,699,167
Operating Profit	58,893	-67,499	6,136	31,367	-2,725	194,589	1,185,238	583,558	404,949	126,223	304,288	17,993	-1,001,446	100,261
Interest Payable	25,121	8,599	10,312	19,803	12,092	7,107	11,221	18,817	93,073	38,229	34,353	34,740	36,639	42,295
Interest Receivable	2,572	161	79	272	129	147	0	0	0	0	0	0	0	4,020
Pre-Tax Profit	36,344	-75,937	-4,097	11,836	-14,689	187,628	1,174,017	564,741	477,285	-857,952	1,512,739	369,292	-886,585	-4,479
Tax	-6,905	0	0	-2,249	0	-35,649	-556,216	-61,730	4,435	-7,895	-55,929	-79,612	37,548	-115,919
Profit After Tax	29,439	-75,937	-4,097	9,587	-14,689	151,979	617,801	503,011	481,720	-865,847	1,456,810	289,680	-849,037	-120,398
Dividends Paid	0	0	0	0	0	0	0	132,876	32,000	0	0	0	0	0
Retained Profit	29,439	-75,937	-4,097	9,587	-14,689	151,979	617,801	370,135	449,720	-865,847	1,456,810	289,680	-849,037	-120,398
Employee Costs	4,507,134	4,471,890	4,260,840	2,671,224	2,348,122	2,150,064	706,998	822,928	1,066,752	836,036	815,781	820,000	2,615,309	2,382,489
Number Of Employees	108	112	112	70	63	59	20	24	31	25	25	26	64	66
EBITDA*	100,386	28,562	69,135	91,797	32,880	233,634	1,221,889	614,760	437,022	174,375	359,902	111,237	-901,486	190,624

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	62,435	88,103	184,164	192,996	103,024	96,701	111,912	115,583	99,631	125,926	162,078	195,974	208,614	250,479
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	62,435	88,103	184,164	192,996	103,024	96,701	111,912	115,583	99,631	125,926	162,078	195,974	208,614	250,479
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	930,259	856,483	785,878	686,054	769,647	805,323	693,488	1,161,507	1,018,201	1,307,951	1,062,624	1,354,600	2,083,436	3,024,263
Group Debtors	1,919,494	1,949,494	1,949,494	1,949,494	1,949,494	1,949,494	1,949,494	0	0	34,781	29,752	128,853	0	0
Misc Debtors	159,266	121,926	103,785	146,835	143,911	164,595	551,265	1,990,201	1,698,523	1,789,039	1,828,140	1,358,424	57,619	28,833
Cash	104,419	42,559	86,254	71,787	694	33,658	25,120	17,452	693	6,842	835	137,965	140	7,382
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,113,438	2,970,462	2,925,411	2,854,170	2,863,746	2,953,070	3,219,367	3,169,160	2,717,417	3,138,613	2,921,351	2,979,842	2,141,195	3,060,478
total assets	3,175,873	3,058,565	3,109,575	3,047,166	2,966,770	3,049,771	3,331,279	3,284,743	2,817,048	3,264,539	3,083,429	3,175,816	2,349,809	3,310,957
Bank overdraft	0	0	0	0	0	0	119,097	0	505,561	499,758	490,078	374,858	333,108	317,277
Bank loan	287,730	241,134	34,040	304,066	282,689	75,604	0	403,858	0	0	0	0	0	0
Trade Creditors	832,055	626,747	724,701	694,281	670,830	1,031,445	686,886	1,047,787	927,622	1,782,003	1,156,233	2,655,092	1,752,305	1,571,668
Group/Directors Accounts	0	0	0	31,419	70,128	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	18,692	18,213	27,814	21,716	16,771	17,272	0	26,695	16,668	24,768	26,659	14,509	213	18,190
other current liabilities	641,920	778,327	821,519	503,381	471,896	457,219	1,201,019	1,105,548	1,037,039	1,030,138	475,849	578,734	449,618	578,304
total current liabilities	1,780,397	1,664,421	1,608,074	1,554,863	1,512,314	1,581,540	2,007,002	2,583,888	2,486,890	3,336,667	2,148,819	3,623,193	2,535,244	2,485,439
loans	0	0	0	0	0	0	23,989	0	0	0	0	0	0	0
hp & lease commitments	11,860	26,332	47,189	36,222	14,913	15,773	0	17,495	19,006	35,675	51,623	58,033	0	213
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	3,106	16,741	27,304	24,976	18,025	16,251	16,060	16,949	14,876	45,641	170,584	238,997	848,653	1,010,356
total long term liabilities	14,966	43,073	74,493	61,198	32,938	32,024	40,049	34,444	33,882	81,316	222,207	297,030	848,653	1,010,569
total liabilities	1,795,363	1,707,494	1,682,567	1,616,061	1,545,252	1,613,564	2,047,051	2,618,332	2,520,772	3,417,983	2,371,026	3,920,223	3,383,897	3,496,008
net assets	1,380,510	1,351,071	1,427,008	1,431,105	1,421,518	1,436,207	1,284,228	666,411	296,276	-153,444	712,403	-744,407	-1,034,088	-185,051
total shareholders funds	1,380,510	1,351,071	1,427,008	1,431,105	1,421,518	1,436,207	1,284,228	666,411	296,276	-153,444	712,403	-744,407	-1,034,088	-185,051

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	58,893	-67,499	6,136	31,367	-2,725	194,589	1,185,238	583,558	404,949	126,223	304,288	17,993	-1,001,446	100,261
Depreciation	41,493	96,061	62,999	60,430	35,605	39,045	36,651	31,202	32,073	48,152	55,614	93,244	99,960	90,363
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,905	0	0	-2,249	0	-35,649	-556,216	-61,730	4,435	-7,895	-55,929	-79,612	37,548	-115,919
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	81,116	88,746	56,774	-80,669	-56,360	-274,835	42,539	434,984	-415,047	211,255	78,639	700,822	-912,041	3,053,096
Creditors	205,308	-97,954	30,420	23,451	-360,615	344,559	-360,901	120,165	-854,381	625,770	-1,498,859	902,787	180,637	1,571,668
Accruals and Deferred Income	-136,407	-43,192	318,138	31,485	14,677	-743,800	95,471	68,509	6,901	554,289	-102,885	129,116	-128,686	578,304
Deferred Taxes & Provisions	-13,635	-10,563	2,328	6,951	1,774	191	-889	2,073	-30,765	-124,943	-68,413	-609,656	-161,703	1,010,356
Cash flow from operations	67,631	-211,893	363,247	232,104	-254,924	73,770	356,815	308,793	-21,741	1,010,341	-1,444,823	-246,950	-61,649	181,937
Investing Activities
capital expenditure	-15,825	0	-54,167	-150,402	-41,928	-23,834	-32,980	-47,154	-5,778	-12,000	-21,718	-80,604	-58,095	-340,842
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,825	0	-54,167	-150,402	-41,928	-23,834	-32,980	-47,154	-5,778	-12,000	-21,718	-80,604	-58,095	-340,842
Financing Activities
Bank loans	46,596	207,094	-270,026	21,377	207,085	75,604	-403,858	403,858	0	0	0	0	0	0
Group/Directors Accounts	0	0	-31,419	-38,709	70,128	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-23,989	23,989	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-13,993	-30,458	17,065	26,254	-1,361	33,045	-44,190	8,516	-24,769	-17,839	5,740	72,329	-18,190	18,403
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	16	0	0	0	0	1	0	-64,653
interest	-22,549	-8,438	-10,233	-19,531	-11,963	-6,960	-11,221	-18,817	-93,073	-38,229	-34,353	-34,740	-36,639	-38,275
cash flow from financing	10,054	168,198	-294,613	-10,609	263,889	77,700	-435,264	393,557	-117,842	-56,068	-28,613	37,590	-54,829	-84,525
cash and cash equivalents
cash	61,860	-43,695	14,467	71,093	-32,964	8,538	7,668	16,759	-6,149	6,007	-137,130	137,825	-7,242	7,382
overdraft	0	0	0	0	0	-119,097	119,097	-505,561	5,803	9,680	115,220	41,750	15,831	317,277
change in cash	61,860	-43,695	14,467	71,093	-32,964	127,635	-111,429	522,320	-11,952	-3,673	-252,350	96,075	-23,073	-309,895

P&L

December 2022

turnover

12.5m

+20%

operating profit

58.9k

gross margin

22%

-8.35%

turnover

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

Balance Sheet

December 2022

net assets

1.4m

+0.02%

total assets

3.2m

+0.04%

cash

104.4k

+1.45%

net assets

Total assets minus all liabilities

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company number

05536147

Type

Private limited with Share Capital

industry

52241 - Cargo handling for water transport activities of division 50

52290 - Other transportation support activities

52243 - Cargo handling for land transport activities of division 49

incorporation date

August 2005

age

accounts

Small Company

ultimate parent company

TIMBERGATE HOLDINGS LIMITED

previous names

sph 293 limited (December 2005)

incorporated

address

timber terminal normandy way, goole, east yorkshire, DN14 5SP

last accounts submitted

December 2022

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 8 charges/mortgages relating to global shipping services limited. Currently there are 2 open charges and 6 have been satisfied in the past.

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