a & p falmouth limited
a & p falmouth limited Company Information
Company Number
00103287
Website
www.ap-group.co.ukRegistered Address
c/o a&p tyne limited, wagonway road, hebburn, tyne and wear, NE31 1SP
Industry
Repair and maintenance of ships and boats
Telephone
01914308600
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
a & p ship repairers ltd 100%
a & p falmouth limited Estimated Valuation
Pomanda estimates the enterprise value of A & P FALMOUTH LIMITED at £51.7m based on a Turnover of £57.1m and 0.9x industry multiple (adjusted for size and gross margin).
a & p falmouth limited Estimated Valuation
Pomanda estimates the enterprise value of A & P FALMOUTH LIMITED at £31.5m based on an EBITDA of £4.2m and a 7.54x industry multiple (adjusted for size and gross margin).
a & p falmouth limited Estimated Valuation
Pomanda estimates the enterprise value of A & P FALMOUTH LIMITED at £49.7m based on Net Assets of £19m and 2.61x industry multiple (adjusted for liquidity).
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A & P Falmouth Limited Overview
A & P Falmouth Limited is a live company located in hebburn, NE31 1SP with a Companies House number of 00103287. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in May 1909, it's largest shareholder is a & p ship repairers ltd with a 100% stake. A & P Falmouth Limited is a mature, large sized company, Pomanda has estimated its turnover at £57.1m with high growth in recent years.
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A & P Falmouth Limited Health Check
Pomanda's financial health check has awarded A & P Falmouth Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £57.1m, make it larger than the average company (£5.4m)
£57.1m - A & P Falmouth Limited
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (5.1%)
28% - A & P Falmouth Limited
5.1% - Industry AVG
Production
with a gross margin of 12.7%, this company has a higher cost of product (25.6%)
12.7% - A & P Falmouth Limited
25.6% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (5.2%)
7.3% - A & P Falmouth Limited
5.2% - Industry AVG
Employees
with 291 employees, this is above the industry average (45)
291 - A & P Falmouth Limited
45 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)
£41.1k - A & P Falmouth Limited
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £196.2k, this is more efficient (£122k)
£196.2k - A & P Falmouth Limited
£122k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (53 days)
27 days - A & P Falmouth Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (42 days)
42 days - A & P Falmouth Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (9 days)
5 days - A & P Falmouth Limited
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (27 weeks)
80 weeks - A & P Falmouth Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.4%, this is a lower level of debt than the average (59.1%)
42.4% - A & P Falmouth Limited
59.1% - Industry AVG
A & P FALMOUTH LIMITED financials
A & P Falmouth Limited's latest turnover from March 2023 is £57.1 million and the company has net assets of £19 million. According to their latest financial statements, A & P Falmouth Limited has 291 employees and maintains cash reserves of £12.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 57,083,000 | 55,333,000 | 51,852,000 | 26,910,889 | 58,125,982 | 48,935,753 | 35,042,478 | 40,400,517 | 35,334,335 | 40,227,735 | 56,695,836 | 45,036,139 | 46,119,604 | 43,380,216 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 49,843,000 | 48,886,000 | 45,564,000 | 23,026,086 | 50,011,391 | 43,272,061 | 33,149,800 | 34,087,996 | 28,963,898 | 34,134,091 | 48,799,080 | 39,439,690 | 39,863,514 | 37,272,221 |
| Gross Profit | 7,240,000 | 6,447,000 | 6,288,000 | 3,884,803 | 8,114,591 | 5,663,692 | 1,892,678 | 6,312,521 | 6,370,437 | 6,093,644 | 7,896,756 | 5,596,449 | 6,256,090 | 6,107,995 |
| Admin Expenses | 3,057,000 | 2,367,000 | 2,101,000 | 2,405,979 | 3,764,383 | 2,644,671 | 2,262,489 | 2,422,520 | 1,021,096 | 2,845,558 | 3,315,918 | 3,773,133 | 3,052,531 | 4,030,134 |
| Operating Profit | 4,183,000 | 4,080,000 | 4,187,000 | 1,478,824 | 4,350,208 | 3,019,021 | -369,811 | 3,890,001 | 5,349,341 | 3,248,086 | 4,580,838 | 1,823,316 | 3,203,559 | 2,077,861 |
| Interest Payable | 0 | 125,000 | 208,000 | 329,000 | 354,000 | 466,000 | 507,000 | 462,000 | 569,590 | 24,853 | 41,243 | 37,070 | 2,282,455 | 45,711 |
| Interest Receivable | 55,000 | 4,000 | 17,000 | 93,872 | 46,056 | 24,012 | 36,477 | 68,772 | 55,545 | 53,971 | 28,305 | 14,226 | 2,090,000 | 0 |
| Pre-Tax Profit | 4,238,000 | 3,959,000 | 3,996,000 | 1,243,696 | 4,042,264 | 2,577,033 | -840,334 | 3,496,773 | 4,835,296 | 2,904,204 | 3,849,900 | 1,686,472 | 3,011,104 | 1,680,150 |
| Tax | -806,000 | -540,000 | -614,000 | -348,671 | -521,017 | -109,881 | 55,564 | -269,607 | -785,588 | -710,486 | -876,960 | -546,166 | -904,152 | -137,651 |
| Profit After Tax | 3,432,000 | 3,419,000 | 3,382,000 | 895,025 | 3,521,247 | 2,467,152 | -784,770 | 3,227,166 | 4,049,708 | 2,193,718 | 2,972,940 | 1,140,306 | 2,106,952 | 1,542,499 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,432,000 | 3,419,000 | 3,382,000 | 895,025 | 3,521,247 | 2,467,152 | -784,770 | 3,227,166 | 4,049,708 | 2,193,718 | 2,972,940 | 1,140,306 | 2,106,952 | 1,542,499 |
| Employee Costs | 11,947,000 | 11,736,000 | 11,753,000 | 10,137,741 | 11,455,436 | 10,744,271 | 10,485,286 | 11,336,881 | 11,056,430 | 12,410,479 | 16,646,161 | 13,168,312 | 12,842,901 | 12,989,697 |
| Number Of Employees | 291 | 296 | 300 | 267 | 300 | 286 | 289 | 301 | 287 | 324 | 356 | 370 | 380 | 388 |
| EBITDA* | 4,183,000 | 4,080,000 | 4,507,000 | 1,757,428 | 4,709,268 | 3,378,081 | 38,036 | 4,381,822 | 5,905,523 | 4,195,146 | 5,326,093 | 2,394,469 | 3,795,447 | 2,650,570 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,978,000 | 3,748,000 | 3,100,000 | 3,077,562 | 3,109,214 | 2,839,162 | 3,155,882 | 3,523,328 | 3,974,795 | 4,343,487 | 5,328,629 | 6,061,609 | 5,524,033 | 5,915,695 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 637,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,126,000 | 0 | 1,314,000 | 1,935,466 | 2,478,228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,104,000 | 4,385,000 | 4,414,000 | 5,013,028 | 5,587,442 | 2,839,162 | 3,155,882 | 3,523,328 | 3,974,795 | 4,343,487 | 5,328,629 | 6,061,609 | 5,524,033 | 5,915,695 |
| Stock & work in progress | 696,000 | 536,000 | 435,000 | 238,565 | 240,589 | 184,208 | 183,889 | 191,569 | 187,494 | 279,553 | 203,292 | 233,143 | 235,163 | 300,169 |
| Trade Debtors | 4,310,000 | 4,985,000 | 5,136,000 | 4,318,380 | 10,043,378 | 9,731,166 | 6,107,097 | 7,444,084 | 3,445,489 | 4,290,366 | 2,046,239 | 4,175,717 | 3,819,231 | 4,977,236 |
| Group Debtors | 9,331,000 | 10,241,000 | 5,784,000 | 7,154,640 | 5,365,412 | 6,466,507 | 6,674,359 | 5,026,064 | 6,173,575 | 6,648,320 | 7,196,737 | 6,546,028 | 334,418 | 148,309 |
| Misc Debtors | 1,284,000 | 892,000 | 821,000 | 637,573 | 1,146,774 | 3,640,992 | 4,137,436 | 3,397,663 | 3,679,819 | 454,931 | 1,158,280 | 701,580 | 357,049 | 348,446 |
| Cash | 12,307,000 | 10,187,000 | 13,726,000 | 9,992,970 | 14,674,701 | 6,845,149 | 5,041,342 | 10,014,658 | 10,249,078 | 5,638,750 | 8,413,012 | 5,069,502 | 9,751,819 | 7,522,313 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,928,000 | 26,841,000 | 25,902,000 | 22,342,128 | 31,470,854 | 26,868,022 | 22,144,123 | 26,074,038 | 23,735,455 | 17,311,920 | 19,017,560 | 16,725,970 | 14,497,680 | 13,296,473 |
| total assets | 33,032,000 | 31,226,000 | 30,316,000 | 27,355,156 | 37,058,296 | 29,707,184 | 25,300,005 | 29,597,366 | 27,710,250 | 21,655,407 | 24,346,189 | 22,787,579 | 20,021,713 | 19,212,168 |
| 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 | 5,827,000 | 4,779,000 | 4,491,000 | 1,402,090 | 10,037,508 | 5,279,168 | 1,228,862 | 5,099,290 | 4,734,313 | 2,724,549 | 6,990,355 | 8,606,386 | 6,029,533 | 4,579,297 |
| Group/Directors Accounts | 739,000 | 112,000 | 113,000 | 116,592 | 114,180 | 111,714 | 114,533 | 215,195 | 111,714 | 133,982 | 111,714 | 111,714 | 536,742 | 2,544,048 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160,000 | 160,000 | 160,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112,072 | 161,659 | 160,869 |
| other current liabilities | 1,386,000 | 3,181,000 | 3,234,000 | 3,112,659 | 2,930,626 | 3,242,565 | 2,886,787 | 1,419,642 | 2,176,691 | 2,771,742 | 2,664,481 | 1,409,808 | 2,133,116 | 2,497,389 |
| total current liabilities | 7,952,000 | 8,072,000 | 7,838,000 | 4,631,341 | 13,082,314 | 8,633,447 | 4,230,182 | 6,734,127 | 7,022,718 | 5,790,273 | 9,926,550 | 10,399,980 | 8,861,050 | 9,781,603 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 186,667 | 346,667 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 533,333 | 112,072 | 273,731 |
| 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 | 781,000 | 1,199,000 | 936,000 | 937,569 | 962,991 | 968,893 | 1,105,071 | 1,106,107 | 1,406,262 | 1,509,777 | 1,226,400 | 1,510,402 | 1,393,459 | 1,486,071 |
| total long term liabilities | 6,046,000 | 1,199,000 | 8,342,000 | 11,700,569 | 16,081,991 | 15,817,893 | 20,772,071 | 17,126,107 | 16,470,834 | 12,006,544 | 13,278,607 | 10,982,985 | 6,595,748 | 8,194,442 |
| total liabilities | 13,998,000 | 9,271,000 | 16,180,000 | 16,331,910 | 29,164,305 | 24,451,340 | 25,002,253 | 23,860,234 | 23,493,552 | 17,796,817 | 23,205,157 | 21,382,965 | 15,456,798 | 17,976,045 |
| net assets | 19,034,000 | 21,955,000 | 14,136,000 | 11,023,246 | 7,893,991 | 5,255,844 | 297,752 | 5,737,132 | 4,216,698 | 3,858,590 | 1,141,032 | 1,404,614 | 4,564,915 | 1,236,123 |
| total shareholders funds | 19,034,000 | 21,955,000 | 14,136,000 | 11,023,246 | 7,893,991 | 5,255,844 | 297,752 | 5,737,132 | 4,216,698 | 3,858,590 | 1,141,032 | 1,404,614 | 4,564,915 | 1,236,123 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,183,000 | 4,080,000 | 4,187,000 | 1,478,824 | 4,350,208 | 3,019,021 | -369,811 | 3,890,001 | 5,349,341 | 3,248,086 | 4,580,838 | 1,823,316 | 3,203,559 | 2,077,861 |
| Depreciation | 0 | 0 | 320,000 | 278,604 | 359,060 | 359,060 | 407,847 | 491,821 | 506,182 | 947,060 | 745,255 | 571,153 | 591,888 | 572,709 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | -806,000 | -540,000 | -614,000 | -348,671 | -521,017 | -109,881 | 55,564 | -269,607 | -785,588 | -710,486 | -876,960 | -546,166 | -904,152 | -137,651 |
| Stock | 160,000 | 101,000 | 196,435 | -2,024 | 56,381 | 319 | -7,680 | 4,075 | -92,059 | 76,261 | 203,292 | -2,020 | -65,006 | 300,169 |
| Debtors | -67,000 | 3,063,000 | -991,059 | -4,987,733 | -804,873 | 2,919,773 | 1,051,081 | 2,568,928 | 1,905,266 | 992,361 | 10,401,256 | 6,912,627 | -963,293 | 5,473,991 |
| Creditors | 1,048,000 | 288,000 | 3,088,910 | -8,635,418 | 4,758,340 | 4,050,306 | -3,870,428 | 364,977 | 2,009,764 | -4,265,806 | 6,990,355 | 2,576,853 | 1,450,236 | 4,579,297 |
| Accruals and Deferred Income | -1,795,000 | -53,000 | 121,341 | 182,033 | -311,939 | 355,778 | 1,467,145 | -757,049 | -595,051 | 107,261 | 2,664,481 | -723,308 | -364,273 | 2,497,389 |
| Deferred Taxes & Provisions | -418,000 | 263,000 | -1,569 | -25,422 | -5,902 | -136,178 | -1,036 | -300,155 | -103,515 | 283,377 | 1,226,400 | 116,943 | -92,612 | 1,486,071 |
| Cash flow from operations | 2,119,000 | 874,000 | 7,896,306 | -2,080,293 | 9,377,242 | 4,618,014 | -3,354,120 | 846,985 | 4,617,926 | -1,459,130 | 4,725,821 | -3,091,816 | 4,912,945 | 5,301,516 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -637,000 | 637,000 | 0 | 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 | 627,000 | -1,000 | -3,592 | 2,412 | 2,466 | -2,819 | -100,662 | 103,481 | -22,268 | 22,268 | 111,714 | -425,028 | -2,007,306 | 2,544,048 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -160,000 | 0 | 160,000 | 160,000 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -186,667 | -160,000 | 346,667 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 371,674 | -160,869 | 434,600 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 55,000 | -121,000 | -191,000 | -235,128 | -307,944 | -441,988 | -470,523 | -393,228 | -514,045 | 29,118 | -12,938 | -22,844 | -192,455 | -45,711 |
| cash flow from financing | -5,671,000 | 4,278,000 | -463,838 | 2,001,514 | -1,188,578 | 2,046,133 | -5,225,795 | -1,996,479 | -4,574,580 | 415,226 | -1,226,465 | -4,216,805 | -1,138,790 | 2,626,561 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,120,000 | -3,539,000 | 3,733,030 | -4,681,731 | 7,829,552 | 1,803,807 | -4,973,316 | -234,420 | 4,610,328 | -2,774,262 | 8,413,012 | -4,682,317 | 2,229,506 | 7,522,313 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,120,000 | -3,539,000 | 3,733,030 | -4,681,731 | 7,829,552 | 1,803,807 | -4,973,316 | -234,420 | 4,610,328 | -2,774,262 | 8,413,012 | -4,682,317 | 2,229,506 | 7,522,313 |
a & p falmouth limited Credit Report and Business Information
A & P Falmouth Limited Competitor Analysis
Perform a competitor analysis for a & p falmouth limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NE31 area or any other competitors across 12 key performance metrics.
a & p falmouth limited Ownership
A & P FALMOUTH LIMITED group structure
A & P Falmouth Limited has no subsidiary companies.
Ultimate parent company
PEEL PORTS HOLDINGS (NO.2)(IOM) LTD
#0134357
2 parents
A & P FALMOUTH LIMITED
00103287
a & p falmouth limited directors
A & P Falmouth Limited currently has 2 directors. The longest serving directors include Mr David McGinley (Sep 2018) and Mr Graeme Littledyke (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David McGinley | 69 years | Sep 2018 | - | Director | |
| Mr Graeme Littledyke | 54 years | Dec 2020 | - | Director |
P&L
March 2023turnover
57.1m
+3%
operating profit
4.2m
+3%
gross margin
12.7%
+8.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
19m
-0.13%
total assets
33m
+0.06%
cash
12.3m
+0.21%
net assets
Total assets minus all liabilities
a & p falmouth limited company details
company number
00103287
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
May 1909
age
115
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
a & p appledore (falmouth) limited (November 1995)
falmouth shiprepair limited (April 1989)
accountant
-
auditor
RSM UK AUDIT LLP
address
c/o a&p tyne limited, wagonway road, hebburn, tyne and wear, NE31 1SP
Bank
SANTANDER UK PLC
Legal Advisor
-
a & p falmouth 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 17 charges/mortgages relating to a & p falmouth limited. Currently there are 1 open charges and 16 have been satisfied in the past.
a & p falmouth limited Companies House Filings - See Documents
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