svitzer marine limited
svitzer marine limited Company Information
Company Number
00069494
Next Accounts
Sep 2025
Shareholders
svitzer europe holding bv
Group Structure
View All
Industry
Service activities incidental to water transportation
+1Registered Address
tees wharf, dockside road, middlesbrough, TS3 6AB
Website
http://svitzer.comsvitzer marine limited Estimated Valuation
Pomanda estimates the enterprise value of SVITZER MARINE LIMITED at £103.3m based on a Turnover of £121.6m and 0.85x industry multiple (adjusted for size and gross margin).
svitzer marine limited Estimated Valuation
Pomanda estimates the enterprise value of SVITZER MARINE LIMITED at £0 based on an EBITDA of £-853k and a 3.32x industry multiple (adjusted for size and gross margin).
svitzer marine limited Estimated Valuation
Pomanda estimates the enterprise value of SVITZER MARINE LIMITED at £276.2m based on Net Assets of £170.5m and 1.62x industry multiple (adjusted for liquidity).
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Svitzer Marine Limited Overview
Svitzer Marine Limited is a live company located in middlesbrough, TS3 6AB with a Companies House number of 00069494. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in March 1901, it's largest shareholder is svitzer europe holding bv with a 100% stake. Svitzer Marine Limited is a mature, mega sized company, Pomanda has estimated its turnover at £121.6m with healthy growth in recent years.
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Svitzer Marine Limited Health Check
Pomanda's financial health check has awarded Svitzer Marine Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £121.6m, make it larger than the average company (£7.5m)
£121.6m - Svitzer Marine Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9%)
7% - Svitzer Marine Limited
9% - Industry AVG
Production
with a gross margin of 6%, this company has a higher cost of product (39%)
6% - Svitzer Marine Limited
39% - Industry AVG
Profitability
an operating margin of -11.4% make it less profitable than the average company (10.8%)
-11.4% - Svitzer Marine Limited
10.8% - Industry AVG
Employees
with 403 employees, this is above the industry average (20)
403 - Svitzer Marine Limited
20 - Industry AVG
Pay Structure
on an average salary of £79.3k, the company has a higher pay structure (£59.6k)
£79.3k - Svitzer Marine Limited
£59.6k - Industry AVG
Efficiency
resulting in sales per employee of £301.8k, this is less efficient (£396.2k)
£301.8k - Svitzer Marine Limited
£396.2k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (40 days)
46 days - Svitzer Marine Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (30 days)
6 days - Svitzer Marine Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is in line with average (16 days)
13 days - Svitzer Marine Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (14 weeks)
11 weeks - Svitzer Marine Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.5%, this is a lower level of debt than the average (59.3%)
12.5% - Svitzer Marine Limited
59.3% - Industry AVG
SVITZER MARINE LIMITED financials
Svitzer Marine Limited's latest turnover from December 2023 is £121.6 million and the company has net assets of £170.5 million. According to their latest financial statements, Svitzer Marine Limited has 403 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 121,617,000 | 114,151,000 | 97,195,000 | 98,695,000 | 104,052,000 | 105,121,000 | 68,370,000 | 64,236,000 | 66,541,000 | 66,425,000 | 69,427,000 | 66,214,000 | 61,705,000 | 55,998,000 | 54,669,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 114,297,000 | 101,802,000 | 90,123,000 | 86,461,000 | 85,378,000 | 86,520,000 | 49,418,000 | 45,711,000 | 48,442,000 | 53,731,000 | 50,857,000 | 48,750,000 | 43,673,000 | 40,754,000 | 44,717,000 |
| Gross Profit | 7,320,000 | 12,349,000 | 7,072,000 | 12,234,000 | 18,674,000 | 18,601,000 | 18,952,000 | 18,525,000 | 18,099,000 | 12,694,000 | 18,570,000 | 17,464,000 | 18,032,000 | 15,244,000 | 9,952,000 |
| Admin Expenses | 21,153,000 | 20,717,000 | 15,067,000 | 16,535,000 | 13,062,000 | 14,644,000 | 7,030,000 | 7,312,000 | 8,211,000 | 8,425,000 | 7,179,000 | 6,628,000 | 5,598,000 | 5,317,000 | 4,443,000 |
| Operating Profit | -13,833,000 | -8,368,000 | -7,995,000 | -4,301,000 | 5,612,000 | 3,957,000 | 11,922,000 | 11,213,000 | 9,888,000 | 4,269,000 | 11,391,000 | 10,836,000 | 12,434,000 | 9,927,000 | 5,509,000 |
| Interest Payable | 189,000 | 209,000 | 103,000 | 81,000 | 15,000 | 24,000 | 8,000 | 106,000 | 317,000 | 557,000 | 6,679,000 | 7,041,000 | 7,017,000 | 1,796,000 | |
| Interest Receivable | 867,000 | 82,000 | 700,000 | 700,000 | 29,000 | 13,000 | 23,000 | 21,000 | 16,000 | 17,000 | 4,048,000 | 4,618,000 | 4,258,000 | 67,000 | |
| Pre-Tax Profit | -13,149,000 | -7,649,000 | -8,037,000 | -3,407,000 | 6,855,000 | 4,796,000 | 11,404,000 | 12,506,000 | 8,526,000 | 1,825,000 | 10,604,000 | 8,785,000 | 10,202,000 | 7,115,000 | 2,865,000 |
| Tax | 437,000 | 41,000 | -10,200,000 | 138,000 | -777,000 | -287,000 | -1,308,000 | -2,050,000 | -2,330,000 | -544,000 | -3,314,000 | -2,993,000 | -3,118,000 | -2,193,000 | -793,000 |
| Profit After Tax | -12,712,000 | -7,608,000 | -18,237,000 | -3,269,000 | 6,078,000 | 4,509,000 | 10,096,000 | 10,456,000 | 6,196,000 | 1,281,000 | 7,290,000 | 5,792,000 | 7,084,000 | 4,922,000 | 2,072,000 |
| Dividends Paid | 3,296,000 | ||||||||||||||
| Retained Profit | -12,712,000 | -7,608,000 | -18,237,000 | -3,269,000 | 6,078,000 | 4,509,000 | 10,096,000 | 10,456,000 | 6,196,000 | 1,281,000 | 7,290,000 | 5,792,000 | 3,788,000 | 4,922,000 | 2,072,000 |
| Employee Costs | 31,938,000 | 29,345,000 | 29,753,000 | 31,091,000 | 30,708,000 | 36,242,000 | 24,999,000 | 24,636,000 | 26,675,000 | 30,000,000 | 24,390,000 | 24,540,000 | 22,335,000 | 22,077,000 | 22,143,000 |
| Number Of Employees | 403 | 422 | 420 | 432 | 447 | 475 | 353 | 386 | 444 | 457 | 450 | 441 | 447 | 449 | 481 |
| EBITDA* | -853,000 | 2,549,000 | 2,416,000 | 6,801,000 | 16,301,000 | 14,878,000 | 18,465,000 | 17,768,000 | 16,969,000 | 12,437,000 | 19,771,000 | 18,531,000 | 20,485,000 | 16,280,000 | 11,756,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 162,392,000 | 96,433,000 | 86,965,000 | 92,785,000 | 98,735,000 | 104,778,000 | 68,980,000 | 73,856,000 | 78,472,000 | 87,041,000 | 93,534,000 | 101,137,000 | 106,670,000 | 86,041,000 | 87,487,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 805,000 | 1,856,000 | 1,618,000 | 1,618,000 | 1,618,000 | 640,000 | 640,000 | 640,000 | 653,000 | 653,000 | 640,000 | 640,000 | |||
| Debtors (Due After 1 year) | 1,304,000 | 4,604,000 | 5,342,000 | 5,788,000 | 5,024,000 | 7,845,000 | 2,101,000 | 2,618,000 | 2,033,000 | 4,202,000 | 2,717,000 | ||||
| Total Fixed Assets | 163,197,000 | 98,289,000 | 88,583,000 | 95,707,000 | 104,957,000 | 104,778,000 | 74,322,000 | 79,644,000 | 84,136,000 | 95,526,000 | 96,275,000 | 104,408,000 | 109,356,000 | 90,883,000 | 90,844,000 |
| Stock & work in progress | 4,197,000 | 2,990,000 | 1,795,000 | 1,134,000 | 1,719,000 | 1,544,000 | 835,000 | 594,000 | 431,000 | 678,000 | 1,186,000 | 1,323,000 | 1,135,000 | 962,000 | 743,000 |
| Trade Debtors | 15,486,000 | 16,124,000 | 10,899,000 | 12,361,000 | 14,177,000 | 13,699,000 | 8,397,000 | 7,009,000 | 7,408,000 | 7,610,000 | 9,008,000 | 7,253,000 | 6,647,000 | 5,509,000 | 7,707,000 |
| Group Debtors | 2,093,000 | 30,922,000 | 1,036,000 | 920,000 | 2,390,000 | 59,709,000 | 48,748,000 | 39,280,000 | 34,098,000 | 29,222,000 | 15,499,000 | 42,443,000 | 41,256,000 | 38,949,000 | |
| Misc Debtors | 4,558,000 | 4,012,000 | 3,382,000 | 1,661,000 | 1,852,000 | 871,000 | 1,011,000 | 1,574,000 | 1,028,000 | 984,000 | 1,282,000 | 1,146,000 | 2,393,000 | 2,060,000 | |
| Cash | 5,280,000 | 5,280,000 | 5,280,000 | 4,080,000 | 1,000 | 1,000 | 1,000 | 1,000 | 70,000 | 77,000 | 339,000 | 837,000 | 871,000 | 309,000 | 130,000 |
| misc current assets | 807,000 | 46,136,000 | 29,935,000 | 18,396,000 | |||||||||||
| total current assets | 31,614,000 | 59,328,000 | 23,199,000 | 66,292,000 | 50,074,000 | 49,355,000 | 69,813,000 | 57,363,000 | 48,763,000 | 43,491,000 | 40,739,000 | 26,194,000 | 52,242,000 | 50,429,000 | 49,589,000 |
| total assets | 194,811,000 | 157,617,000 | 111,782,000 | 161,999,000 | 155,031,000 | 154,133,000 | 144,135,000 | 137,007,000 | 132,899,000 | 139,017,000 | 137,014,000 | 130,602,000 | 161,598,000 | 141,312,000 | 140,433,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 1,066,000 | 176,000 | 177,000 | 179,000 | 170,000 | ||||||||||
| Trade Creditors | 2,070,000 | 6,732,000 | 2,430,000 | 1,944,000 | 1,617,000 | 2,273,000 | 1,486,000 | 1,187,000 | 2,385,000 | 1,358,000 | 1,478,000 | 1,696,000 | 2,337,000 | 1,522,000 | 2,435,000 |
| Group/Directors Accounts | 13,351,000 | 7,776,000 | 35,510,000 | 26,553,000 | 23,304,000 | 19,870,000 | 17,051,000 | 18,318,000 | 26,761,000 | 17,871,000 | 12,859,000 | 13,855,000 | 22,486,000 | 13,925,000 | |
| other short term finances | 56,000 | 52,000 | 49,000 | 47,000 | 44,000 | 23,442,000 | 39,000 | ||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 8,166,000 | 6,847,000 | 6,401,000 | 8,661,000 | 7,939,000 | 6,360,000 | 7,246,000 | 7,458,000 | 5,181,000 | 8,076,000 | 6,082,000 | 5,074,000 | 5,160,000 | 4,896,000 | |
| total current liabilities | 23,643,000 | 21,407,000 | 44,390,000 | 37,205,000 | 32,904,000 | 35,944,000 | 27,755,000 | 25,484,000 | 28,161,000 | 33,300,000 | 28,491,000 | 20,813,000 | 21,443,000 | 29,347,000 | 21,426,000 |
| loans | 87,000 | 142,000 | 195,000 | 244,000 | 291,000 | 377,000 | 8,899,000 | 14,160,000 | 49,331,000 | 49,284,000 | 59,195,000 | ||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 257,000 | 2,333,000 | 2,333,000 | 2,358,000 | 583,000 | 80,000 | 380,000 | 1,639,000 | 4,211,000 | 133,000 | 37,000 | 23,000 | 516,000 | ||
| total long term liabilities | 660,000 | 2,475,000 | 2,528,000 | 2,602,000 | 874,000 | 385,000 | 11,204,000 | 21,285,000 | 13,129,000 | 22,458,000 | 22,631,000 | 29,280,000 | 67,517,000 | 58,466,000 | 70,161,000 |
| total liabilities | 24,303,000 | 23,882,000 | 46,918,000 | 39,807,000 | 33,778,000 | 36,329,000 | 38,959,000 | 46,769,000 | 41,290,000 | 55,758,000 | 51,122,000 | 50,093,000 | 88,960,000 | 87,813,000 | 91,587,000 |
| net assets | 170,508,000 | 133,735,000 | 64,864,000 | 122,192,000 | 121,253,000 | 117,804,000 | 105,176,000 | 90,238,000 | 91,609,000 | 83,259,000 | 85,892,000 | 80,509,000 | 72,638,000 | 53,499,000 | 48,846,000 |
| total shareholders funds | 170,508,000 | 133,735,000 | 64,864,000 | 122,192,000 | 121,253,000 | 117,804,000 | 105,176,000 | 90,238,000 | 91,609,000 | 83,259,000 | 85,892,000 | 80,509,000 | 72,638,000 | 53,499,000 | 48,846,000 |
| Dec 2023 | 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 | -13,833,000 | -8,368,000 | -7,995,000 | -4,301,000 | 5,612,000 | 3,957,000 | 11,922,000 | 11,213,000 | 9,888,000 | 4,269,000 | 11,391,000 | 10,836,000 | 12,434,000 | 9,927,000 | 5,509,000 |
| Depreciation | 12,980,000 | 10,917,000 | 10,411,000 | 11,102,000 | 10,689,000 | 10,921,000 | 6,543,000 | 6,555,000 | 7,081,000 | 8,168,000 | 8,380,000 | 7,695,000 | 8,051,000 | 6,353,000 | 6,247,000 |
| Amortisation | |||||||||||||||
| Tax | 437,000 | 41,000 | -10,200,000 | 138,000 | -777,000 | -287,000 | -1,308,000 | -2,050,000 | -2,330,000 | -544,000 | -3,314,000 | -2,993,000 | -3,118,000 | -2,193,000 | -793,000 |
| Stock | 1,207,000 | 1,195,000 | 661,000 | -585,000 | 175,000 | 709,000 | 241,000 | 163,000 | -247,000 | -508,000 | -137,000 | 188,000 | 173,000 | 219,000 | 743,000 |
| Debtors | -28,921,000 | 35,741,000 | -929,000 | -6,777,000 | 9,324,000 | -60,620,000 | 11,763,000 | 9,270,000 | 2,705,000 | 9,266,000 | 14,663,000 | -25,617,000 | -1,091,000 | 1,927,000 | 51,433,000 |
| Creditors | -4,662,000 | 4,302,000 | 486,000 | 327,000 | -656,000 | 787,000 | 299,000 | -1,198,000 | 1,027,000 | -120,000 | -218,000 | -641,000 | 815,000 | -913,000 | 2,435,000 |
| Accruals and Deferred Income | 1,319,000 | 446,000 | -2,260,000 | 722,000 | 7,939,000 | -6,360,000 | -886,000 | -212,000 | 2,277,000 | -2,895,000 | 1,994,000 | 1,008,000 | -86,000 | 264,000 | 4,896,000 |
| Deferred Taxes & Provisions | -2,076,000 | -25,000 | 1,775,000 | 583,000 | -80,000 | -300,000 | -1,259,000 | -2,572,000 | 4,211,000 | -133,000 | 96,000 | 14,000 | -493,000 | 516,000 | |
| Cash flow from operations | 21,879,000 | -29,598,000 | -9,315,000 | 17,125,000 | 13,891,000 | 4,266,000 | 3,616,000 | 12,913,000 | 4,331,000 | 3,574,000 | 41,430,000 | 19,028,000 | 10,799,000 | -33,366,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -1,051,000 | 238,000 | 1,618,000 | -640,000 | -13,000 | 13,000 | 640,000 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -1,066,000 | 890,000 | -1,000 | -2,000 | 9,000 | 170,000 | |||||||||
| Group/Directors Accounts | 5,575,000 | -27,734,000 | 8,957,000 | 3,249,000 | 23,304,000 | -19,870,000 | 2,819,000 | -1,267,000 | -8,443,000 | 8,890,000 | 5,012,000 | -996,000 | -8,631,000 | 8,561,000 | 13,925,000 |
| Other Short Term Loans | 4,000 | 3,000 | 2,000 | 3,000 | -23,398,000 | 23,403,000 | 39,000 | ||||||||
| Long term loans | -55,000 | -53,000 | -49,000 | -47,000 | 291,000 | -377,000 | 377,000 | -8,899,000 | -5,261,000 | -35,171,000 | 47,000 | -9,911,000 | 59,195,000 | ||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 678,000 | -127,000 | 597,000 | 619,000 | 14,000 | 5,000 | 23,000 | -85,000 | -301,000 | -540,000 | -2,631,000 | -2,423,000 | -2,759,000 | -1,729,000 | |
| cash flow from financing | 55,687,000 | 48,568,000 | -29,584,000 | 8,032,000 | -2,418,000 | 8,082,000 | -13,071,000 | -6,374,000 | -5,290,000 | -1,806,000 | -36,720,000 | 4,342,000 | -4,369,000 | 118,335,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | 1,200,000 | 4,079,000 | -69,000 | -7,000 | -262,000 | -498,000 | -34,000 | 562,000 | 179,000 | 130,000 | |||||
| overdraft | |||||||||||||||
| change in cash | 1,200,000 | 4,079,000 | -69,000 | -7,000 | -262,000 | -498,000 | -34,000 | 562,000 | 179,000 | 130,000 |
svitzer marine limited Credit Report and Business Information
Svitzer Marine Limited Competitor Analysis
Perform a competitor analysis for svitzer marine limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in TS3 area or any other competitors across 12 key performance metrics.
svitzer marine limited Ownership
SVITZER MARINE LIMITED group structure
Svitzer Marine Limited has 2 subsidiary companies.
Ultimate parent company
SVITZER EUROPE HOLDINGS BV
#0128922
1 parent
SVITZER MARINE LIMITED
00069494
2 subsidiaries
svitzer marine limited directors
Svitzer Marine Limited currently has 5 directors. The longest serving directors include Matthijs Schot (Mar 2018) and Ms Lise Demant (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Matthijs Schot | England | 49 years | Mar 2018 | - | Director |
| Ms Lise Demant | England | 46 years | Sep 2020 | - | Director |
| Mr David Noakes | 59 years | Jun 2022 | - | Director | |
| Mr Michael Paterson | 57 years | Jan 2023 | - | Director | |
| Mr Scott Baker | England | 54 years | Jul 2023 | - | Director |
P&L
December 2023turnover
121.6m
+7%
operating profit
-13.8m
+65%
gross margin
6.1%
-44.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
170.5m
+0.27%
total assets
194.8m
+0.24%
cash
5.3m
0%
net assets
Total assets minus all liabilities
Similar Companies
svitzer marine limited company details
company number
00069494
Type
Private limited with Share Capital
industry
52220 - Service activities incidental to water transportation
50200 - Sea and coastal freight water transport
incorporation date
March 1901
age
124
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wijsmuller marine limited (September 2002)
cory towage limited (April 2000)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
tees wharf, dockside road, middlesbrough, TS3 6AB
Bank
DANSKE BANK
Legal Advisor
-
svitzer marine 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 74 charges/mortgages relating to svitzer marine limited. Currently there are 1 open charges and 73 have been satisfied in the past.
svitzer marine limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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svitzer marine limited Companies House Filings - See Documents
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