inchcape shipping services (gibraltar) limited
inchcape shipping services (gibraltar) limited Company Information
Company Number
00185767
Website
http://iss-shipping.comRegistered Address
60 fenchurch street, london, EC3M 4AD
Industry
Sea and coastal freight water transport
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
iss group holdings ltd 100%
inchcape shipping services (gibraltar) limited Estimated Valuation
Pomanda estimates the enterprise value of INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED at £3m based on a Turnover of £3.7m and 0.83x industry multiple (adjusted for size and gross margin).
inchcape shipping services (gibraltar) limited Estimated Valuation
Pomanda estimates the enterprise value of INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED at £152.3k based on an EBITDA of £41.9k and a 3.63x industry multiple (adjusted for size and gross margin).
inchcape shipping services (gibraltar) limited Estimated Valuation
Pomanda estimates the enterprise value of INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED at £0 based on Net Assets of £-578.3k and 1.58x industry multiple (adjusted for liquidity).
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Inchcape Shipping Services (gibraltar) Limited Overview
Inchcape Shipping Services (gibraltar) Limited is a live company located in london, EC3M 4AD with a Companies House number of 00185767. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in November 1922, it's largest shareholder is iss group holdings ltd with a 100% stake. Inchcape Shipping Services (gibraltar) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with rapid growth in recent years.
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Inchcape Shipping Services (gibraltar) Limited Health Check
Pomanda's financial health check has awarded Inchcape Shipping Services (Gibraltar) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£7.5m)
- Inchcape Shipping Services (gibraltar) Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 128%, show it is growing at a faster rate (6.6%)
- Inchcape Shipping Services (gibraltar) Limited
6.6% - Industry AVG
Production
with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)
- Inchcape Shipping Services (gibraltar) Limited
32.3% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (9.5%)
- Inchcape Shipping Services (gibraltar) Limited
9.5% - Industry AVG
Employees
with 5 employees, this is below the industry average (12)
5 - Inchcape Shipping Services (gibraltar) Limited
12 - Industry AVG
Pay Structure
on an average salary of £61.3k, the company has an equivalent pay structure (£61.3k)
- Inchcape Shipping Services (gibraltar) Limited
£61.3k - Industry AVG
Efficiency
resulting in sales per employee of £731.7k, this is equally as efficient (£780.8k)
- Inchcape Shipping Services (gibraltar) Limited
£780.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (28 days)
- Inchcape Shipping Services (gibraltar) Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (28 days)
- Inchcape Shipping Services (gibraltar) Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Inchcape Shipping Services (gibraltar) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (12 weeks)
15 weeks - Inchcape Shipping Services (gibraltar) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 178.5%, this is a higher level of debt than the average (62.4%)
178.5% - Inchcape Shipping Services (gibraltar) Limited
62.4% - Industry AVG
INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED financials
Inchcape Shipping Services (Gibraltar) Limited's latest turnover from December 2022 is estimated at £3.7 million and the company has net assets of -£578.3 thousand. According to their latest financial statements, Inchcape Shipping Services (Gibraltar) Limited has 5 employees and maintains cash reserves of £148.1 thousand 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 | 309,000 | 278,000 | 288,000 | 281,000 | 301,000 | 801,000 | 973,000 | 1,507,000 | 1,500,000 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | |||||||||
| Gross Profit | 309,000 | 278,000 | 288,000 | 281,000 | 301,000 | |||||||||
| Admin Expenses | 451,000 | 498,000 | 303,000 | 427,000 | 454,000 | |||||||||
| Operating Profit | -142,000 | -220,000 | -15,000 | -146,000 | -153,000 | -45,000 | 132,000 | 329,000 | 269,000 | |||||
| Interest Payable | 21,000 | 13,000 | 7,000 | 6,000 | 0 | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | -113,000 | -233,000 | -22,000 | -152,000 | -153,000 | -45,000 | 132,000 | 329,000 | 269,000 | |||||
| Tax | 0 | 0 | 0 | 0 | -16,000 | 13,000 | -73,000 | 28,000 | -70,000 | |||||
| Profit After Tax | -113,000 | -233,000 | -22,000 | -152,000 | -169,000 | -32,000 | 59,000 | 357,000 | 199,000 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 426,000 | 139,000 | 354,000 | |||||
| Retained Profit | -113,000 | -233,000 | -22,000 | -152,000 | -169,000 | -32,000 | -367,000 | 218,000 | -155,000 | |||||
| Employee Costs | 407,000 | 297,000 | 316,000 | 311,000 | ||||||||||
| Number Of Employees | 5 | 5 | 5 | 8 | 9 | 9 | 9 | 10 | 12 | 12 | 12 | 12 | ||
| EBITDA* | -140,000 | -218,000 | -14,000 | -143,000 | -148,000 | -38,000 | 136,000 | 332,000 | 273,000 |
* 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 | 1,928 | 1,950 | 1,139 | 2,000 | 11,000 | 3,000 | 2,000 | 4,000 | 9,000 | 13,000 | 13,000 | 16,000 | 15,000 | 16,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 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 | 1,928 | 1,950 | 1,139 | 2,000 | 11,000 | 3,000 | 2,000 | 4,000 | 9,000 | 13,000 | 13,000 | 16,000 | 15,000 | 16,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 504,801 | 615,915 | 319,811 | 491,000 | 123,000 | 194,000 | 164,000 | 166,000 | 207,000 | 391,000 | 486,000 | 838,000 | 1,314,000 | 1,233,000 |
| Group Debtors | 74,315 | 39,215 | 6,341 | 0 | 73,000 | 21,000 | 20,000 | 0 | 0 | 0 | 10,000 | 48,000 | 181,000 | 0 |
| Misc Debtors | 7,697 | 18,272 | 6,425 | 7,000 | 6,000 | 4,000 | 3,000 | 5,000 | 0 | 0 | 15,000 | 87,000 | 195,000 | 138,000 |
| Cash | 148,127 | 44,851 | 360,131 | 139,000 | 98,000 | 184,000 | 140,000 | 139,000 | 197,000 | 305,000 | 254,000 | 1,346,000 | 1,111,000 | 1,606,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 734,940 | 718,253 | 692,708 | 637,000 | 300,000 | 403,000 | 327,000 | 310,000 | 404,000 | 696,000 | 765,000 | 2,319,000 | 2,801,000 | 2,977,000 |
| total assets | 736,868 | 720,203 | 693,847 | 639,000 | 311,000 | 406,000 | 329,000 | 314,000 | 413,000 | 709,000 | 778,000 | 2,335,000 | 2,816,000 | 2,993,000 |
| 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 | 107,296 | 138,027 | 253,034 | 335,000 | 125,000 | 180,000 | 164,000 | 201,000 | 410,000 | 599,000 | 564,000 | 2,073,000 | 1,862,000 | 2,056,000 |
| Group/Directors Accounts | 355,983 | 315,707 | 136,533 | 667,000 | 459,000 | 370,000 | 295,000 | 91,000 | 0 | 0 | 33,000 | 0 | 2,000 | 170,000 |
| 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 | 46,353 | 42,922 | 87,722 | 139,000 | 126,000 | 194,000 | 188,000 | 188,000 | 0 | 0 | 29,000 | 78,000 | 401,000 | 434,000 |
| total current liabilities | 509,632 | 496,656 | 477,289 | 1,141,000 | 710,000 | 744,000 | 647,000 | 480,000 | 410,000 | 599,000 | 626,000 | 2,151,000 | 2,265,000 | 2,660,000 |
| loans | 805,489 | 770,962 | 748,757 | 170,000 | 160,000 | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 805,489 | 770,962 | 748,757 | 170,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,315,121 | 1,267,618 | 1,226,046 | 1,311,000 | 870,000 | 744,000 | 647,000 | 480,000 | 410,000 | 599,000 | 626,000 | 2,151,000 | 2,265,000 | 2,660,000 |
| net assets | -578,253 | -547,415 | -532,199 | -672,000 | -559,000 | -338,000 | -318,000 | -166,000 | 3,000 | 110,000 | 152,000 | 184,000 | 551,000 | 333,000 |
| total shareholders funds | -578,253 | -547,415 | -532,199 | -672,000 | -559,000 | -338,000 | -318,000 | -166,000 | 3,000 | 110,000 | 152,000 | 184,000 | 551,000 | 333,000 |
| 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 | -142,000 | -220,000 | -15,000 | -146,000 | -153,000 | -45,000 | 132,000 | 329,000 | 269,000 | |||||
| Depreciation | 1,234 | 835 | 895 | 2,000 | 2,000 | 1,000 | 3,000 | 5,000 | 6,000 | 7,000 | 7,000 | 4,000 | 3,000 | 4,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -16,000 | 13,000 | -73,000 | 28,000 | -70,000 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -86,589 | 340,825 | -165,423 | 296,000 | -17,000 | 32,000 | 16,000 | -36,000 | -184,000 | -120,000 | -462,000 | -717,000 | 319,000 | 1,371,000 |
| Creditors | -30,731 | -115,007 | -81,966 | 210,000 | -55,000 | 16,000 | -37,000 | -209,000 | -189,000 | 35,000 | -1,509,000 | 211,000 | -194,000 | 2,056,000 |
| Accruals and Deferred Income | 3,431 | -44,800 | -51,278 | 13,000 | -68,000 | 6,000 | 0 | 188,000 | 0 | -29,000 | -49,000 | -323,000 | -33,000 | 434,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -213,000 | -324,000 | -24,000 | -196,000 | -149,000 | -1,121,000 | 668,000 | -186,000 | 1,322,000 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 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 | 40,276 | 179,174 | -530,467 | 208,000 | 89,000 | 75,000 | 204,000 | 91,000 | 0 | -33,000 | 33,000 | -2,000 | -168,000 | 170,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 34,527 | 22,205 | 578,757 | 10,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -21,000 | -13,000 | -7,000 | -6,000 | 0 | 0 | 0 | 0 | 0 | |||||
| cash flow from financing | 197,000 | 248,000 | 70,000 | 198,000 | 91,000 | 33,000 | -2,000 | -168,000 | 658,000 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | 103,276 | -315,280 | 221,131 | 41,000 | -86,000 | 44,000 | 1,000 | -58,000 | -108,000 | 51,000 | -1,092,000 | 235,000 | -495,000 | 1,606,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 103,276 | -315,280 | 221,131 | 41,000 | -86,000 | 44,000 | 1,000 | -58,000 | -108,000 | 51,000 | -1,092,000 | 235,000 | -495,000 | 1,606,000 |
inchcape shipping services (gibraltar) limited Credit Report and Business Information
Inchcape Shipping Services (gibraltar) Limited Competitor Analysis
Perform a competitor analysis for inchcape shipping services (gibraltar) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
inchcape shipping services (gibraltar) limited Ownership
INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED group structure
Inchcape Shipping Services (Gibraltar) Limited has no subsidiary companies.
Ultimate parent company
ENDEAVOURCO TOPCO LTD
#0138539
2 parents
INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED
00185767
inchcape shipping services (gibraltar) limited directors
Inchcape Shipping Services (Gibraltar) Limited currently has 2 directors. The longest serving directors include Mr Michael Walker (Feb 2021) and Mr Benjamin Harmstorf (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Walker | England | 38 years | Feb 2021 | - | Director |
| Mr Benjamin Harmstorf | England | 48 years | Dec 2022 | - | Director |
P&L
December 2022turnover
3.7m
-11%
operating profit
40.7k
0%
gross margin
32.3%
+19.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-578.3k
+0.06%
total assets
736.9k
+0.02%
cash
148.1k
+2.3%
net assets
Total assets minus all liabilities
inchcape shipping services (gibraltar) limited company details
company number
00185767
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
November 1922
age
102
accounts
Small Company
ultimate parent company
previous names
lambert brothers (gibraltar) limited (February 1993)
incorporated
UK
address
60 fenchurch street, london, EC3M 4AD
last accounts submitted
December 2022
inchcape shipping services (gibraltar) 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 1 charges/mortgages relating to inchcape shipping services (gibraltar) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
inchcape shipping services (gibraltar) limited Companies House Filings - See Documents
| date | description | view/download |
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