pendennis plus limited
pendennis plus limited Company Information
Company Number
06838243
Website
www.thependenniscup.co.ukRegistered Address
pendennis yard the docks, falmouth, cornwall, TR11 4NR
Industry
Building of pleasure and sporting boats
Telephone
01326211344
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pendennis shipyard (holdings) ltd 100%
pendennis plus limited Estimated Valuation
Pomanda estimates the enterprise value of PENDENNIS PLUS LIMITED at £15.3m based on a Turnover of £39.4m and 0.39x industry multiple (adjusted for size and gross margin).
pendennis plus limited Estimated Valuation
Pomanda estimates the enterprise value of PENDENNIS PLUS LIMITED at £366.6k based on an EBITDA of £115.6k and a 3.17x industry multiple (adjusted for size and gross margin).
pendennis plus limited Estimated Valuation
Pomanda estimates the enterprise value of PENDENNIS PLUS LIMITED at £1.4m based on Net Assets of £610k and 2.31x industry multiple (adjusted for liquidity).
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Pendennis Plus Limited Overview
Pendennis Plus Limited is a live company located in cornwall, TR11 4NR with a Companies House number of 06838243. It operates in the building of pleasure and sporting boats sector, SIC Code 30120. Founded in March 2009, it's largest shareholder is pendennis shipyard (holdings) ltd with a 100% stake. Pendennis Plus Limited is a established, large sized company, Pomanda has estimated its turnover at £39.4m with rapid growth in recent years.
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Pendennis Plus Limited Health Check
Pomanda's financial health check has awarded Pendennis Plus 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
5 Strong
0 Regular
5 Weak
Size
annual sales of £39.4m, make it larger than the average company (£13.2m)
£39.4m - Pendennis Plus Limited
£13.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (5.6%)
81% - Pendennis Plus Limited
5.6% - Industry AVG
Production
with a gross margin of 1.2%, this company has a higher cost of product (22.4%)
1.2% - Pendennis Plus Limited
22.4% - Industry AVG
Profitability
an operating margin of 0.3% make it less profitable than the average company (4.5%)
0.3% - Pendennis Plus Limited
4.5% - Industry AVG
Employees
with 8 employees, this is below the industry average (98)
8 - Pendennis Plus Limited
98 - Industry AVG
Pay Structure
on an average salary of £23.6k, the company has a lower pay structure (£36.5k)
£23.6k - Pendennis Plus Limited
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £4.9m, this is more efficient (£107.3k)
£4.9m - Pendennis Plus Limited
£107.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Pendennis Plus Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (42 days)
0 days - Pendennis Plus Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pendennis Plus Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (9 weeks)
13 weeks - Pendennis Plus Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.8%, this is a higher level of debt than the average (74.7%)
89.8% - Pendennis Plus Limited
74.7% - Industry AVG
PENDENNIS PLUS LIMITED financials
Pendennis Plus Limited's latest turnover from December 2022 is £39.4 million and the company has net assets of £610 thousand. According to their latest financial statements, Pendennis Plus Limited has 8 employees and maintains cash reserves of £1.4 million 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 | 39,378,378 | 24,906,312 | 18,469,850 | 6,668,803 | 8,129,884 | 3,863,378 | 20,610,625 | 14,903,175 | 3,789,745 | 1,567,264 | 1,676,967 | 3,155,457 | 192,148 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 38,918,378 | 24,494,312 | 18,043,450 | 6,328,904 | 7,706,432 | 3,452,267 | 20,155,625 | 14,526,259 | 3,399,746 | 1,207,263 | 1,286,847 | 3,068,647 | 142,640 | 0 |
| Gross Profit | 460,000 | 412,000 | 426,400 | 339,899 | 423,452 | 411,111 | 455,000 | 376,916 | 389,999 | 360,001 | 390,120 | 86,810 | 49,508 | 0 |
| Admin Expenses | 344,354 | 314,500 | 337,053 | 312,121 | 331,713 | 338,852 | 301,431 | 261,102 | 289,797 | 280,918 | 323,391 | 34,282 | 50,482 | 175,418 |
| Operating Profit | 115,646 | 97,500 | 89,347 | 27,778 | 91,739 | 72,259 | 153,569 | 115,814 | 100,202 | 79,083 | 66,729 | 52,528 | -974 | -175,418 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 179 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 10,682 | 476 | 741 | 915 | 1,424 | 76 | 1,706 | 4,358 | 1,412 | 859 | 959 | 2,156 | 2,921 | 0 |
| Pre-Tax Profit | 126,328 | 97,976 | 90,088 | 28,693 | 93,163 | 72,335 | 155,096 | 120,172 | 101,614 | 79,942 | 67,688 | 54,684 | 177,365 | -175,418 |
| Tax | -24,111 | -18,713 | -17,420 | -5,847 | -17,935 | 17,028 | -31,576 | -24,397 | -12,345 | -19,212 | -14,000 | -11,586 | -620 | 0 |
| Profit After Tax | 102,217 | 79,263 | 72,668 | 22,846 | 75,228 | 89,363 | 123,520 | 95,775 | 89,269 | 60,730 | 53,688 | 43,098 | 176,745 | -175,418 |
| Dividends Paid | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,217 | -20,737 | -27,332 | 22,846 | 75,228 | 89,363 | 123,520 | 95,775 | 89,269 | 60,730 | 53,688 | 43,098 | 176,745 | -175,418 |
| Employee Costs | 188,872 | 185,807 | ||||||||||||
| Number Of Employees | 8 | 8 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* | 115,646 | 97,500 | 89,347 | 27,778 | 91,739 | 72,259 | 153,569 | 115,814 | 100,202 | 79,100 | 68,821 | 54,804 | 16 | -174,823 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 2,109 | 1,626 | 1,190 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 100 | 100 | 100 | 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 | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 2,109 | 1,626 | 1,190 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 1,233,438 | 842,964 | 232,047 | 0 | 0 | 571,668 | 184 | 696,341 | 605,406 | 0 | 10,344 | 94,044 | 0 |
| Group Debtors | 4,583,401 | 4,428,101 | 2,978,257 | 1,846,556 | 900,000 | 1,000,000 | 78,193 | 3,259,561 | 740,021 | 223,014 | 26,235 | 68,250 | 0 | 0 |
| Misc Debtors | 4,544 | 3,335 | 74,547 | 2,540 | 26,147 | 18,759 | 7,093 | 17,500 | 15,768 | 1,577 | 3,164 | 4,092 | 5,892 | 5,203 |
| Cash | 1,371,085 | 695,433 | 588,480 | 509,381 | 556,205 | 506,764 | 367,023 | 216,860 | 276,871 | 246,682 | 149,014 | 307,262 | 537,494 | 87,678 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,959,030 | 6,360,307 | 4,484,248 | 2,590,524 | 1,482,352 | 1,525,523 | 1,023,977 | 3,494,105 | 1,729,001 | 1,076,679 | 178,413 | 389,948 | 637,430 | 92,881 |
| total assets | 5,959,130 | 6,360,407 | 4,484,348 | 2,590,524 | 1,482,352 | 1,525,523 | 1,023,977 | 3,494,105 | 1,729,001 | 1,076,679 | 178,430 | 392,057 | 639,056 | 94,071 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,520 | 1,561 | 267 | 379 | 575 | 821 | 1,504 | 11,210 | 11,330 | 1,352 | 10,929 | 2,000 | 6,543 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 818,280 | 749,215 | 0 | 0 | 30,500 | 30,500 | 11,000 | 0 | 0 | 242 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,329,618 | 5,751,071 | 3,855,569 | 1,934,301 | 30,499 | 217,717 | 554,066 | 3,138,008 | 1,438,059 | 884,984 | 56,988 | 51,734 | 330,621 | 19,247 |
| total current liabilities | 5,349,138 | 5,752,632 | 3,855,836 | 1,934,680 | 849,354 | 967,753 | 555,570 | 3,149,218 | 1,479,889 | 916,836 | 78,917 | 53,734 | 337,164 | 19,489 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 292,498 | 281,765 | 249,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,500 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400 | 400 | 300 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400 | 292,898 | 299,565 | 249,000 |
| total liabilities | 5,349,138 | 5,752,632 | 3,855,836 | 1,934,680 | 849,354 | 967,753 | 555,570 | 3,149,218 | 1,479,889 | 916,836 | 79,317 | 346,632 | 636,729 | 268,489 |
| net assets | 609,992 | 607,775 | 628,512 | 655,844 | 632,998 | 557,770 | 468,407 | 344,887 | 249,112 | 159,843 | 99,113 | 45,425 | 2,327 | -174,418 |
| total shareholders funds | 609,992 | 607,775 | 628,512 | 655,844 | 632,998 | 557,770 | 468,407 | 344,887 | 249,112 | 159,843 | 99,113 | 45,425 | 2,327 | -174,418 |
| 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 | 115,646 | 97,500 | 89,347 | 27,778 | 91,739 | 72,259 | 153,569 | 115,814 | 100,202 | 79,083 | 66,729 | 52,528 | -974 | -175,418 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 2,092 | 2,276 | 990 | 595 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -24,111 | -18,713 | -17,420 | -5,847 | -17,935 | 17,028 | -31,576 | -24,397 | -12,345 | -19,212 | -14,000 | -11,586 | -620 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,076,929 | 1,769,106 | 1,814,625 | 1,154,996 | -92,612 | 361,805 | -2,620,291 | 1,825,115 | 622,133 | 800,598 | -53,287 | -17,250 | 94,733 | 5,203 |
| Creditors | 17,959 | 1,294 | -112 | -196 | -246 | -683 | -9,706 | -120 | 9,978 | -9,577 | 8,929 | -4,543 | 6,543 | 0 |
| Accruals and Deferred Income | -421,453 | 1,895,502 | 1,921,268 | 1,903,802 | -187,218 | -336,349 | -2,583,942 | 1,699,949 | 553,075 | 827,996 | 5,254 | -296,387 | 328,874 | 19,247 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400 | 0 | 100 | 300 | 0 |
| Cash flow from operations | 764,970 | 206,477 | 178,458 | 770,541 | -21,048 | -609,550 | 148,636 | -33,869 | 28,777 | 77,309 | 122,291 | -240,362 | 240,380 | -160,779 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -818,280 | 69,065 | 749,215 | 0 | -30,500 | 0 | 19,500 | 11,000 | 0 | -242 | 242 |
| 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 | 0 | 0 | 0 | 0 | 0 | -292,498 | 10,733 | 32,765 | 249,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 10,682 | 476 | 741 | 915 | 1,424 | 76 | 1,527 | 4,358 | 1,412 | 859 | 959 | 2,156 | 2,921 | |
| cash flow from financing | 10,682 | 476 | 741 | -817,365 | 70,489 | 749,291 | 1,527 | -26,142 | 1,412 | 20,359 | -280,539 | 12,889 | 35,444 | |
| cash and cash equivalents | ||||||||||||||
| cash | 675,652 | 106,953 | 79,099 | -46,824 | 49,441 | 139,741 | 150,163 | -60,011 | 30,189 | 97,668 | -158,248 | -230,232 | 449,816 | 87,678 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 675,652 | 106,953 | 79,099 | -46,824 | 49,441 | 139,741 | 150,163 | -60,011 | 30,189 | 97,668 | -158,248 | -230,232 | 449,816 | 87,678 |
pendennis plus limited Credit Report and Business Information
Pendennis Plus Limited Competitor Analysis
Perform a competitor analysis for pendennis plus limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pendennis plus limited Ownership
PENDENNIS PLUS LIMITED group structure
Pendennis Plus Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PENDENNIS PLUS LIMITED
06838243
1 subsidiary
pendennis plus limited directors
Pendennis Plus Limited currently has 7 directors. The longest serving directors include Mr Stephen Hills (Mar 2009) and Mr Ian Granville (Feb 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Hills | 57 years | Mar 2009 | - | Director | |
| Mr Ian Granville | 62 years | Feb 2010 | - | Director | |
| Mr Toby Allies | 50 years | Feb 2010 | - | Director | |
| Mr Micheal Carr | 64 years | Feb 2010 | - | Director | |
| Mr Charles Robertson | England | 71 years | May 2010 | - | Director |
| Mrs Gillian Carr | 64 years | May 2012 | - | Director | |
| Mr Charles Ross | 46 years | May 2012 | - | Director |
P&L
December 2022turnover
39.4m
+58%
operating profit
115.6k
+19%
gross margin
1.2%
-29.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
610k
0%
total assets
6m
-0.06%
cash
1.4m
+0.97%
net assets
Total assets minus all liabilities
Similar Companies
pendennis plus limited company details
company number
06838243
Type
Private limited with Share Capital
industry
30120 - Building of pleasure and sporting boats
incorporation date
March 2009
age
15
accounts
Small Company
ultimate parent company
previous names
devonport yachts ltd (December 2011)
incorporated
UK
address
pendennis yard the docks, falmouth, cornwall, TR11 4NR
last accounts submitted
December 2022
pendennis plus 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 did not find charges/mortgages relating to pendennis plus limited.
pendennis plus limited Companies House Filings - See Documents
| date | description | view/download |
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