onward fishing company limited
onward fishing company limited Company Information
Company Number
00069212
Website
-Registered Address
the orangery, hesslewood country business park, ferriby road hessle, east yorkshire, HU13 0LH
Industry
Marine fishing
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
bt2022 seafood bv 100%
onward fishing company limited Estimated Valuation
Pomanda estimates the enterprise value of ONWARD FISHING COMPANY LIMITED at £1.6k based on a Turnover of £5k and 0.32x industry multiple (adjusted for size and gross margin).
onward fishing company limited Estimated Valuation
Pomanda estimates the enterprise value of ONWARD FISHING COMPANY LIMITED at £3.3m based on an EBITDA of £2.2m and a 1.47x industry multiple (adjusted for size and gross margin).
onward fishing company limited Estimated Valuation
Pomanda estimates the enterprise value of ONWARD FISHING COMPANY LIMITED at £10.7m based on Net Assets of £5.9m and 1.81x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Onward Fishing Company Limited Overview
Onward Fishing Company Limited is a live company located in ferriby road hessle, HU13 0LH with a Companies House number of 00069212. It operates in the marine fishing sector, SIC Code 03110. Founded in January 1901, it's largest shareholder is bt2022 seafood bv with a 100% stake. Onward Fishing Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £5k with declining growth in recent years.
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Onward Fishing Company Limited Health Check
Pomanda's financial health check has awarded Onward Fishing Company Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
5 Weak
Size
annual sales of £5k, make it smaller than the average company (£12.9m)
£5k - Onward Fishing Company Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -91%, show it is growing at a slower rate (3.7%)
-91% - Onward Fishing Company Limited
3.7% - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Onward Fishing Company Limited
- - Industry AVG
Profitability
an operating margin of 44900% make it more profitable than the average company (8.2%)
44900% - Onward Fishing Company Limited
8.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (18)
2 - Onward Fishing Company Limited
18 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Onward Fishing Company Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £2.5k, this is less efficient (£311.4k)
£2.5k - Onward Fishing Company Limited
£311.4k - Industry AVG
Debtor Days
it gets paid by customers after 74898 days, this is later than average (39 days)
74898 days - Onward Fishing Company Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 9855 days, this is slower than average (20 days)
9855 days - Onward Fishing Company Limited
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Onward Fishing Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 286 weeks, this is more cash available to meet short term requirements (32 weeks)
286 weeks - Onward Fishing Company Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34%, this is a lower level of debt than the average (45.1%)
34% - Onward Fishing Company Limited
45.1% - Industry AVG
onward fishing company limited Credit Report and Business Information
Onward Fishing Company Limited Competitor Analysis
Perform a competitor analysis for onward fishing company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
onward fishing company limited Ownership
ONWARD FISHING COMPANY LIMITED group structure
Onward Fishing Company Limited has 1 subsidiary company.
Ultimate parent company
BT2022 SEAFOOD BV
#0150454
1 parent
ONWARD FISHING COMPANY LIMITED
00069212
1 subsidiary
onward fishing company limited directors
Onward Fishing Company Limited currently has 2 directors. The longest serving directors include Mr Gustaf Baldvinsson (Mar 2006) and Baldvin Thorsteinsson (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gustaf Baldvinsson | United Kingdom | 66 years | Mar 2006 | - | Director |
| Baldvin Thorsteinsson | 40 years | Mar 2021 | - | Director |
ONWARD FISHING COMPANY LIMITED financials
Onward Fishing Company Limited's latest turnover from December 2022 is £5 thousand and the company has net assets of £5.9 million. According to their latest financial statements, Onward Fishing Company Limited has 2 employees and maintains cash reserves of £3.6 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 | 5,000 | 1,690,794 | 7,101,281 | 7,337,839 | 9,778,394 | 9,367,574 | 4,032,277 | 211,474 | 5,214,616 | 1,083,030 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 5,000 | 2,584,161 | 5,608,664 | 6,066,622 | 6,220,859 | 5,817,200 | 4,512,629 | 1,894,225 | 5,390,055 | 1,176,295 | ||||
| Gross Profit | 0 | -893,367 | 1,492,617 | 1,271,217 | 3,557,535 | 3,550,374 | -480,352 | -1,682,751 | -175,439 | -93,265 | ||||
| Admin Expenses | -2,245,000 | -8,811,541 | -240,607 | 1,198,306 | -685,248 | 100,232 | -1,400,837 | -1,434,358 | -1,498,568 | -842,515 | ||||
| Operating Profit | 2,245,000 | 7,918,174 | 1,733,224 | 72,911 | 4,242,783 | 3,450,142 | 920,485 | -248,393 | 1,323,129 | 749,250 | ||||
| Interest Payable | 0 | 0 | 50 | 60 | 786,252 | 1,192,834 | 736,427 | 743,288 | 414,210 | 64,197 | ||||
| Interest Receivable | 6,710,000 | 69,580 | 157,282 | 206,458 | 556,510 | 918,921 | 736,405 | 772,020 | 145,720 | 301 | ||||
| Pre-Tax Profit | 8,955,000 | 7,987,754 | 1,890,456 | 279,309 | 4,013,041 | 3,176,229 | 920,463 | -219,661 | 1,054,639 | 685,354 | ||||
| Tax | -956,000 | -1,903,915 | -334,158 | 59,903 | -776,464 | -622,661 | -173,200 | 88,400 | -295,579 | -191,899 | ||||
| Profit After Tax | 7,999,000 | 6,083,839 | 1,556,298 | 339,212 | 3,236,577 | 2,553,568 | 747,263 | -131,261 | 759,060 | 493,455 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 7,999,000 | 6,083,839 | 1,556,298 | 339,212 | 3,236,577 | 2,553,568 | 747,263 | -131,261 | 759,060 | 493,455 | ||||
| Employee Costs | 0 | 0 | 240,000 | 305,832 | 161,521 | 135,304 | ||||||||
| Number Of Employees | 2 | 2 | 2 | 3 | 3 | 3 | ||||||||
| EBITDA* | 2,245,000 | 8,350,979 | 2,771,956 | 1,111,643 | 5,121,327 | 4,328,686 | 1,799,030 | -248,393 | 1,620,505 | 750,072 |
* 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 | 1,038,722 | 2,077,454 | 3,116,186 | 4,154,918 | 5,351,091 | 5,569,498 | 6,149,818 | 7,028,362 | 7,906,906 | 7,910,316 | 4,800,466 | 302,074 |
| Intangible Assets | 1,779,000 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,778,750 | 1,575,150 | 1,575,150 | 1,561,150 |
| Investments & Other | 2,500,000 | 2,500,075 | 2,500,075 | 2,500,075 | 2,500,075 | 2,500,075 | 2,500,075 | 13,604,535 | 13,632,983 | 13,850,930 | 21,532,491 | 2,500,075 | 2,500,100 | 2,500,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 4,559,854 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,279,000 | 4,278,825 | 5,317,547 | 6,356,279 | 11,954,865 | 8,433,743 | 9,629,916 | 20,952,783 | 21,561,551 | 22,658,042 | 31,218,147 | 11,985,541 | 8,875,716 | 4,363,224 |
| Stock & work in progress | 0 | 6,500 | 182,704 | 123,500 | 526,951 | 250,700 | 191,028 | 162,749 | 144,249 | 282,605 | 276,619 | 341,000 | 202,973 | 0 |
| Trade Debtors | 1,026,000 | 6,979 | 255,271 | 0 | 8,997 | 63,082 | 11,427 | 0 | 335,546 | 33,364 | 104,453 | 0 | 850,568 | 0 |
| Group Debtors | 0 | 3,649,444 | 2,465,669 | 2,193,789 | 3,011,764 | 10,207,170 | 4,391,535 | 66,023 | 622,903 | 591,903 | 501,154 | 14,664,121 | 14,259,935 | 2,377,860 |
| Misc Debtors | 56,000 | 356,331 | 311,436 | 2,642,400 | 48,624 | 30,431 | 1,568,942 | 751,370 | 38,541 | 83,583 | 295,258 | 421,974 | 24,248 | 0 |
| Cash | 3,573,000 | 23,201,704 | 15,763,234 | 11,799,277 | 7,556,593 | 1,231,501 | 1,031,873 | 7,777,709 | 6,634,313 | 2,752,079 | 1,445,364 | 119,960 | 888,734 | 127,421 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,655,000 | 27,220,958 | 18,978,314 | 16,758,966 | 11,152,929 | 11,782,884 | 7,194,805 | 8,757,851 | 7,775,552 | 3,743,534 | 2,622,848 | 15,547,055 | 16,226,458 | 2,505,281 |
| total assets | 8,934,000 | 31,499,783 | 24,295,861 | 23,115,245 | 23,107,794 | 20,216,627 | 16,824,721 | 29,710,634 | 29,337,103 | 26,401,576 | 33,840,995 | 27,532,596 | 25,102,174 | 6,868,505 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187,532 | 350,000 | 2,482,079 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350,000 |
| Trade Creditors | 135,000 | 1,937 | 296,174 | 257,249 | 212,146 | 224,986 | 122,712 | 352,396 | 40,098 | 44,944 | 196,607 | 532,947 | 267,755 | 0 |
| Group/Directors Accounts | 113,000 | 375,161 | 609,972 | 468,352 | 458,481 | 699,752 | 564,430 | 334,063 | 636,983 | 868,903 | 12,301,410 | 21,167,345 | 15,920,690 | 893,800 |
| 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 | 401,000 | 29,500 | 283,999 | 672,997 | 943,009 | 797,817 | 1,046,605 | 229,414 | 1,056,112 | 794,638 | 315,662 | 239,914 | 706,982 | 411,426 |
| total current liabilities | 649,000 | 406,598 | 1,190,145 | 1,398,598 | 1,613,636 | 1,722,555 | 1,733,747 | 915,873 | 1,733,193 | 1,708,485 | 13,001,211 | 22,290,206 | 19,377,506 | 1,655,226 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,706,658 | 15,746,896 | 16,055,170 | 14,898,130 | 221,199 | 580,811 | 1,026,786 |
| 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,390,000 | 1,903,630 | 0 | 167,229 | 283,952 | 387,858 | 390,618 | 562,879 | 522,539 | 540,023 | 397,324 | 224,124 | 215,529 | 17,225 |
| total long term liabilities | 2,390,000 | 1,903,630 | 0 | 167,229 | 283,952 | 387,858 | 390,618 | 16,269,537 | 16,269,435 | 16,595,193 | 15,295,454 | 445,323 | 796,340 | 1,044,011 |
| total liabilities | 3,039,000 | 2,310,228 | 1,190,145 | 1,565,827 | 1,897,588 | 2,110,413 | 2,124,365 | 17,185,410 | 18,002,628 | 18,303,678 | 28,296,665 | 22,735,529 | 20,173,846 | 2,699,237 |
| net assets | 5,895,000 | 29,189,555 | 23,105,716 | 21,549,418 | 21,210,206 | 18,106,214 | 14,700,356 | 12,525,224 | 11,334,475 | 8,097,898 | 5,544,330 | 4,797,067 | 4,928,328 | 4,169,268 |
| total shareholders funds | 5,895,000 | 29,189,555 | 23,105,716 | 21,549,418 | 21,210,206 | 18,106,214 | 14,700,356 | 12,525,224 | 11,334,475 | 8,097,898 | 5,544,330 | 4,797,067 | 4,928,328 | 4,169,268 |
| 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 | 2,245,000 | 7,918,174 | 1,733,224 | 72,911 | 4,242,783 | 3,450,142 | 920,485 | -248,393 | 1,323,129 | 749,250 | ||||
| Depreciation | 0 | 432,805 | 1,038,732 | 1,038,732 | 1,038,732 | 1,038,732 | 971,987 | 918,284 | 878,544 | 878,544 | 878,545 | 0 | 297,376 | 822 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -956,000 | -1,903,915 | -334,158 | 59,903 | -776,464 | -622,661 | -173,200 | 88,400 | -295,579 | -191,899 | ||||
| Stock | -6,500 | -176,204 | 59,204 | -403,451 | 276,251 | 59,672 | 28,279 | 18,500 | -138,356 | 5,986 | -64,381 | 138,027 | 202,973 | 0 |
| Debtors | -2,930,754 | 980,378 | -1,803,813 | -2,793,050 | -2,671,444 | 4,328,779 | 5,154,511 | -179,597 | 288,140 | -192,015 | -14,185,230 | -48,656 | 12,756,891 | 2,377,860 |
| Creditors | 133,063 | -294,237 | 38,925 | 45,103 | -12,840 | 102,274 | -229,684 | 312,298 | -4,846 | -151,663 | -336,340 | 265,192 | 267,755 | 0 |
| Accruals and Deferred Income | 371,500 | -254,499 | -388,998 | -270,012 | 145,192 | -248,788 | 817,191 | -826,698 | 261,474 | 478,976 | 75,748 | -467,068 | 295,556 | 411,426 |
| Deferred Taxes & Provisions | 486,370 | 1,903,630 | -167,229 | -116,723 | -103,906 | -2,760 | -172,261 | 40,340 | -17,484 | 142,699 | 173,200 | 8,595 | 198,304 | 17,225 |
| Cash flow from operations | 5,217,187 | 6,997,784 | 3,665,105 | 4,026,415 | 4,434,223 | 4,362,066 | 15,788,049 | -442,645 | -10,873,323 | -1,391,036 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 217,947 | 7,681,561 | |||||||||||
| Change in Investments | -75 | 0 | 0 | 0 | 0 | 0 | -11,104,460 | -28,448 | -217,947 | -7,681,561 | 19,032,416 | -25 | 100 | 2,500,000 |
| cash flow from investments | 75 | 435,894 | 15,363,122 | |||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -350,000 | 350,000 |
| Group/Directors Accounts | -262,161 | -234,811 | 141,620 | 9,871 | -241,271 | 135,322 | 230,367 | -302,920 | -231,920 | -11,432,507 | -8,865,935 | 5,246,655 | 15,026,890 | 893,800 |
| 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 | -15,706,658 | -40,238 | -308,274 | 1,157,040 | 14,676,931 | -359,612 | -445,975 | 1,026,786 |
| 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 | 6,710,000 | 69,580 | 157,232 | 206,398 | -229,742 | -273,913 | -22 | 28,732 | -268,490 | -63,896 | ||||
| cash flow from financing | -24,845,716 | -165,231 | 298,852 | 216,269 | -769,936 | -10,549,380 | 5,810,974 | 4,915,775 | 13,962,425 | 5,882,503 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | -19,628,704 | 7,438,470 | 3,963,957 | 4,242,684 | 6,325,092 | 199,628 | -6,745,836 | 1,143,396 | 3,882,234 | 1,306,715 | 1,325,404 | -768,774 | 761,313 | 127,421 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -187,532 | -162,468 | -2,132,079 | 2,482,079 | 0 |
| change in cash | -19,628,704 | 7,438,470 | 3,963,957 | 4,242,684 | 6,325,092 | 199,628 | -6,745,836 | 1,143,396 | 3,882,234 | 1,494,247 | 1,487,872 | 1,363,305 | -1,720,766 | 127,421 |
P&L
December 2022turnover
5k
-100%
operating profit
2.2m
-72%
gross margin
0%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.9m
-0.8%
total assets
8.9m
-0.72%
cash
3.6m
-0.85%
net assets
Total assets minus all liabilities
Similar Companies
onward fishing company limited company details
company number
00069212
Type
Private limited with Share Capital
industry
03110 - Marine fishing
incorporation date
January 1901
age
123
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
the orangery, hesslewood country business park, ferriby road hessle, east yorkshire, HU13 0LH
last accounts submitted
December 2022
onward fishing company 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 20 charges/mortgages relating to onward fishing company limited. Currently there are 0 open charges and 20 have been satisfied in the past.
onward fishing company limited Companies House Filings - See Documents
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