Berthon Boat Company Limited

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berthon boat company limited Company Information

Live

MatureLargeLow

Company Number

00011785

Website

www.berthon.co.uk

Registered Address

the shipyard bath road, lymington, hampshire, SO41 3YL

Industry

Repair and maintenance of ships and boats

Telephone

01590673312

Next Accounts Due

June 2025

Group Structure

View All

Directors

Brian May33 Years

Dominic May33 Years

Shareholders

dominic oliver may 50%

brian oliver john may 50%

berthon boat company limited Estimated Valuation

£110.2m

Pomanda estimates the enterprise value of BERTHON BOAT COMPANY LIMITED at £110.2m based on Net Assets of £42.2m and 2.61x industry multiple (adjusted for liquidity).

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Berthon Boat Company Limited is a live company located in hampshire, SO41 3YL with a Companies House number of 00011785. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in October 1877, it's largest shareholder is dominic oliver may with a 50% stake. Berthon Boat Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.7m with low growth in recent years.

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Pomanda's financial health check has awarded Berthon Boat Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £21.7m, make it larger than the average company (£7.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.3%)

EXPORT

Berthon Boat Company Limited's latest turnover from September 2023 is £21.7 million and the company has net assets of £42.2 million. According to their latest financial statements, Berthon Boat Company Limited has 150 employees and maintains cash reserves of £8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	21,735,678	22,379,046	20,360,892	19,930,046	22,257,562	16,458,770	15,549,796	15,302,005	18,921,179	19,461,537	14,090,733	13,214,055	12,722,734	12,143,817	13,414,559
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,862,063	13,363,043	12,566,907	12,789,444	13,803,036	9,257,709	8,570,212	8,572,736	11,499,495	11,682,438	7,955,279	7,435,138	7,479,215	6,214,896	7,663,192
Gross Profit	8,873,615	9,016,003	7,793,985	7,140,602	8,454,526	7,201,061	6,979,584	6,729,269	7,421,684	7,779,099	6,135,454	5,778,917	5,243,519	5,928,921	5,751,367
Admin Expenses	6,162,002	5,618,107	5,222,518	5,063,253	5,400,134	4,266,130	5,312,404	4,023,151	3,832,534	3,665,003	3,525,796	3,131,136	3,508,570	3,798,990	4,170,313
Operating Profit	2,711,613	3,397,896	2,571,467	2,077,349	3,054,392	2,934,931	1,667,180	2,706,118	3,589,150	4,114,096	2,609,658	2,647,781	1,734,949	2,129,931	1,581,054
Interest Payable	4,560	4,560	4,560	4,560	5,819	4,960	4,240	3,332	8,453	5,345	14,648	377,978	118,704	140,101	177,753
Interest Receivable	50,148	53,499	56,208	181,692	47,982	73,047	55,780	21,927	30,807	14,072	10,806	294,717	20,215	8,469	84,341
Pre-Tax Profit	2,791,776	3,807,855	2,708,686	2,316,191	3,286,223	3,111,528	1,719,968	2,724,713	3,754,818	4,137,136	2,605,873	2,551,675	1,629,460	1,963,299	1,501,983
Tax	-779,687	-780,927	-590,673	-895,666	-750,297	-586,272	-326,504	-570,860	-852,030	-846,241	-726,749	-620,929	-436,797	-569,239	-561,883
Profit After Tax	2,012,089	3,026,928	2,118,013	1,420,525	2,535,926	2,525,256	1,393,464	2,153,853	2,902,788	3,290,895	1,879,124	1,930,746	1,192,663	1,394,060	940,100
Dividends Paid	0	0	0	0	1,772,550	590,850	0	3,450,564	1,536,210	1,500,000	0	250,000	0	2,008,890	0
Retained Profit	1,994,744	2,886,116	2,233,146	1,359,480	646,802	1,698,947	1,239,296	-1,451,747	1,139,597	1,652,940	1,746,074	1,547,986	1,039,267	-748,424	804,238
Employee Costs	4,583,367	4,420,498	4,057,524	4,252,583	3,992,847	3,182,539	3,372,168	3,052,013	3,306,800	3,225,203	2,796,672	2,453,646	2,382,055	2,724,978	2,687,890
Number Of Employees	150	143	149	161	163	127	126	133	138	150	130	127	123	116	123
EBITDA*	3,435,701	4,011,592	3,016,665	2,576,106	3,603,377	3,416,160	2,173,667	3,134,159	4,140,916	4,386,076	2,867,197	2,849,865	1,938,560	2,350,381	1,950,588

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	32,267,020	31,824,470	30,410,446	29,353,368	29,554,107	29,536,600	29,859,089	29,795,065	29,849,441	33,073,468	1,952,235	1,417,542	1,217,509	1,323,764	1,379,085
Intangible Assets	2,520,489	2,700,734	2,236,847	2,353,646	2,358,389	1,631,221	1,692,328	1,780,176	1,727,430	1,648,916	1,657,933	1,560,637	1,461,022	1,469,633	1,347,944
Investments & Other	1,905,979	1,929,016	2,890,876	3,938,265	4,014,869	3,916,843	3,964,233	3,551,938	3,374,934	474,988	155,900	40,843	29,478	29,478	45,353
Debtors (Due After 1 year)	0	0	73,600	73,600	73,600	73,600	73,600	73,600	73,600	69,600	69,600	65,600	61,600	57,600	53,600
Total Fixed Assets	36,693,488	36,454,220	35,611,769	35,718,879	36,000,965	35,158,264	35,589,250	35,200,779	35,025,405	35,266,972	3,835,668	3,084,622	2,769,609	2,880,475	2,825,982
Stock & work in progress	7,108,460	4,674,392	2,195,687	1,325,173	1,630,951	248,791	153,134	187,026	197,085	223,115	866,245	446,409	488,910	457,053	638,031
Trade Debtors	3,255,580	3,419,532	2,016,255	1,891,556	2,522,832	2,398,641	1,783,205	2,317,204	2,713,371	2,366,184	2,984,465	2,696,466	1,812,527	1,398,241	1,888,041
Group Debtors	380	4,360	4,931	26,006	54,054	0	0	0	0	0	0	46,275	0	0	0
Misc Debtors	715,669	1,649,784	840,588	1,096,014	692,332	645,572	445,175	630,727	186,268	317,697	196,762	187,394	295,711	373,295	297,283
Cash	7,977,302	10,321,855	12,437,991	11,936,735	7,044,687	8,957,027	8,770,087	5,915,442	8,481,882	6,423,828	4,443,704	3,223,572	4,229,925	4,081,531	5,019,683
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	19,057,391	20,069,923	17,495,452	16,275,484	11,944,856	12,250,031	11,151,601	9,050,399	11,578,606	9,330,824	8,491,176	6,600,116	6,827,073	6,310,120	7,843,038
total assets	55,750,879	56,524,143	53,107,221	51,994,363	47,945,821	47,408,295	46,740,851	44,251,178	46,604,011	44,597,796	12,326,844	9,684,738	9,596,682	9,190,595	10,669,020
Bank overdraft	0	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	0
Trade Creditors	297,898	651,239	489,892	608,360	472,930	122,199	616,809	852,611	490,076	769,832	819,692	615,212	590,938	487,553	581,484
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	1,300,000	800,000	500,000	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	4,971,387	6,359,553	4,543,856	5,672,874	3,681,768	4,226,443	4,983,289	3,630,431	4,902,644	3,707,768	4,341,038	2,401,494	3,174,217	2,714,843	2,906,145
total current liabilities	5,269,285	7,010,792	5,033,748	6,281,234	4,154,698	4,348,642	5,600,098	4,483,042	5,392,720	4,477,600	5,160,730	4,316,706	4,565,155	3,702,396	3,487,629
loans	96,000	96,000	96,000	96,000	96,000	96,000	96,000	96,000	96,000	96,000	96,000	96,000	1,500,000	3,000,000	4,000,000
hp & lease commitments	0	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	2,338	0	55,041	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	96,000	96,000	96,000
provisions	8,055,735	7,892,260	7,754,347	5,701,373	5,204,007	5,237,147	5,255,971	5,736,196	6,344,336	77,890	32,247	0	22,093	22,397	17,937
total long term liabilities	8,151,735	7,988,260	7,850,347	5,797,373	5,300,007	5,333,147	5,351,971	6,117,556	6,652,336	173,890	128,247	634,338	1,674,093	3,469,438	4,345,937
total liabilities	13,421,020	14,999,052	12,884,095	12,078,607	9,454,705	9,681,789	10,952,069	10,600,598	12,045,056	4,651,490	5,288,977	4,951,044	6,239,248	7,171,834	7,833,566
net assets	42,227,351	41,439,928	36,234,473	35,811,970	34,448,375	33,800,339	32,098,074	30,114,040	31,009,451	35,380,785	6,725,292	4,554,169	3,060,669	1,875,392	2,652,079
total shareholders funds	42,227,351	41,439,928	36,234,473	35,811,970	34,448,375	33,800,339	32,098,074	30,114,040	31,009,451	35,380,785	6,725,292	4,554,169	3,060,669	1,875,392	2,652,079

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	2,711,613	3,397,896	2,571,467	2,077,349	3,054,392	2,934,931	1,667,180	2,706,118	3,589,150	4,114,096	2,609,658	2,647,781	1,734,949	2,129,931	1,581,054
Depreciation	543,843	432,878	328,674	389,508	411,931	419,275	443,364	366,087	548,838	269,327	242,445	196,424	194,297	205,454	363,957
Amortisation	180,245	180,818	116,524	109,249	137,054	61,954	63,123	61,954	2,928	2,653	15,094	5,660	9,314	14,996	5,577
Tax	-779,687	-780,927	-590,673	-895,666	-750,297	-586,272	-326,504	-570,860	-852,030	-846,241	-726,749	-620,929	-436,797	-569,239	-561,883
Stock	2,434,068	2,478,705	870,514	-305,778	1,382,160	95,657	-33,892	-10,059	-26,030	-643,130	419,836	-42,501	31,857	-180,978	638,031
Debtors	-1,102,047	2,138,302	-151,802	-255,642	225,005	815,833	-719,551	48,292	219,758	-497,346	255,092	825,897	340,702	-409,788	2,238,924
Creditors	-353,341	161,347	-118,468	135,430	350,731	-494,610	-235,802	362,535	-279,756	-49,860	204,480	24,274	103,385	-93,931	581,484
Accruals and Deferred Income	-1,388,166	1,815,697	-1,129,018	1,991,106	-544,675	-756,846	1,352,858	-1,272,213	1,194,876	-633,270	1,937,206	-770,385	404,333	-136,261	2,906,145
Deferred Taxes & Provisions	163,475	137,913	2,052,974	497,366	-33,140	-18,824	-480,225	-608,140	6,266,446	45,643	32,247	-22,093	-304	4,460	17,937
Cash flow from operations	-254,039	728,615	2,512,768	4,865,762	1,018,831	648,118	3,237,437	1,007,248	10,276,724	4,042,824	3,639,453	677,336	1,636,618	2,146,176	2,017,316
Investing Activities
capital expenditure	0	0	0	0	-1,704,522	116,956	-865,169	-608,273	-142,396	-479,091	-923,371	-427,651	-88,786	-255,542	-150,519
Change in Investments	-23,037	-961,860	-1,047,389	-76,604	98,026	-47,390	412,295	177,004	2,899,946	319,088	115,057	11,365	0	-15,875	45,353
cash flow from investments	23,037	961,860	1,047,389	76,604	-1,802,548	164,346	-1,277,464	-785,277	-3,042,342	-798,179	-1,038,428	-439,016	-88,786	-239,667	-195,872
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	-1,300,000	500,000	300,000	500,000	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	-1,404,000	-1,500,000	-1,000,000	4,000,000
Hire Purchase and Lease Commitments	0	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	-96,000	0	0	96,000
share issue	-1,207,321	2,319,339	-1,810,643	4,115	1,234	3,318	744,738	556,336	-5,510,931	27,002,553	425,049	-54,486	146,010	-28,263	1,847,841
interest	45,588	48,939	51,648	177,132	42,163	68,087	51,540	18,595	22,354	8,727	-3,842	-83,261	-98,489	-131,632	-93,412
cash flow from financing	-1,161,733	2,368,278	-1,758,995	181,247	43,397	71,405	796,278	574,931	-5,488,577	27,011,280	-878,793	-1,137,747	-1,152,479	-659,895	5,850,429
cash and cash equivalents
cash	-2,344,553	-2,116,136	501,256	4,892,048	-1,912,340	186,940	2,854,645	-2,566,440	2,058,054	1,980,124	1,220,132	-1,006,353	148,394	-938,152	5,019,683
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,344,553	-2,116,136	501,256	4,892,048	-1,912,340	186,940	2,854,645	-2,566,440	2,058,054	1,980,124	1,220,132	-1,006,353	148,394	-938,152	5,019,683

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BERTHON BOAT COMPANY LIMITED group structure

Berthon Boat Company Limited has 3 subsidiary companies.

Ultimate parent company

BERTHON BOAT COMPANY LIMITED

00011785

3 subsidiaries

LYMINGTON MARINA LIMITED

00859204

EXPRESS CRUISERS LTD

01921432

BERTHON INTERNATIONAL LIMITED

02864257

BERTHON BOAT COMPANY LIMITED Shareholders

dominic oliver may	50%
brian oliver john may	50%

Berthon Boat Company Limited currently has 2 directors. The longest serving directors include Mr Brian May (May 1991) and Mr Dominic May (May 1991).

officer	country	age	start	end	role
Mr Brian May		63 years	May 1991	-	Director
Mr Dominic May	United Kingdom	61 years	May 1991	-	Director

P&L

September 2023

turnover

21.7m

-3%

operating profit

2.7m

-20%

gross margin

40.9%

+1.33%

turnover

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

Balance Sheet

September 2023

net assets

42.2m

+0.02%

total assets

55.8m

-0.01%

cash

-0.23%

net assets

Total assets minus all liabilities

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company number

00011785

Type

Private limited with Share Capital

industry

33150 - Repair and maintenance of ships and boats

incorporation date

October 1877

ultimate parent company

None

previous names

berthon boat company limited(the) (May 2019)

address

the shipyard bath road, lymington, hampshire, SO41 3YL

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 1 charges/mortgages relating to berthon boat company limited. Currently there are 0 open charges and 1 have been satisfied in the past.

berthon boat company limited Company Information

berthon boat company limited Estimated Valuation

berthon boat company limited Estimated Valuation

berthon boat company limited Estimated Valuation

Berthon Boat Company Limited Overview

Berthon Boat Company Limited Health Check

BERTHON BOAT COMPANY LIMITED financials

berthon boat company limited Credit Report and Business Information

Berthon Boat Company Limited Competitor Analysis

berthon boat company limited Ownership

berthon boat company limited directors

berthon boat company limited company details

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berthon boat company limited Companies House Filings - See Documents