inchcape shipping services (gibraltar) limited

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inchcape shipping services (gibraltar) limited Company Information

Share INCHCAPE SHIPPING SERVICES (GIBRALTAR) LIMITED
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Company Number

00185767

Registered Address

60 fenchurch street, london, EC3M 4AD

Industry

Sea and coastal freight water transport

 

Telephone

-

Next Accounts Due

September 2024

Group Structure

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Directors

Michael Walker3 Years

Benjamin Harmstorf1 Years

Shareholders

iss group holdings ltd 100%

inchcape shipping services (gibraltar) limited Estimated Valuation

£3m

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

£152.3k

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

£0

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

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £3.7m, make it smaller than the average company (£7.5m)

£3.7m - Inchcape Shipping Services (gibraltar) Limited

£7.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 128%, show it is growing at a faster rate (6.6%)

128% - Inchcape Shipping Services (gibraltar) Limited

6.6% - Industry AVG

production

Production

with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)

32.3% - Inchcape Shipping Services (gibraltar) Limited

32.3% - Industry AVG

profitability

Profitability

an operating margin of 1.1% make it less profitable than the average company (9.5%)

1.1% - Inchcape Shipping Services (gibraltar) Limited

9.5% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (12)

5 - Inchcape Shipping Services (gibraltar) Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.3k, the company has an equivalent pay structure (£61.3k)

£61.3k - Inchcape Shipping Services (gibraltar) Limited

£61.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £731.7k, this is equally as efficient (£780.8k)

£731.7k - Inchcape Shipping Services (gibraltar) Limited

£780.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 50 days, this is later than average (28 days)

50 days - Inchcape Shipping Services (gibraltar) Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (28 days)

15 days - Inchcape Shipping Services (gibraltar) Limited

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Inchcape Shipping Services (gibraltar) Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,658,7444,093,3422,702,291309,000278,000288,000281,000301,0004,111,2876,246,781801,000973,0001,507,0001,500,000
Other Income Or Grants00000000000000
Cost Of Sales2,477,6182,985,6182,077,247000003,306,8055,102,763650,974770,9211,164,6530
Gross Profit1,181,1261,107,724625,044309,000278,000288,000281,000301,000804,4821,144,018150,026202,079342,3470
Admin Expenses1,140,4601,075,955424,678451,000498,000303,000427,000454,000912,7371,187,415195,02670,07913,347-269,000
Operating Profit40,66631,769200,366-142,000-220,000-15,000-146,000-153,000-108,255-43,397-45,000132,000329,000269,000
Interest Payable74,88147,49128,02221,00013,0007,0006,0000000000
Interest Receivable3,377506250000001,2551,3980000
Pre-Tax Profit-30,838-15,216172,594-113,000-233,000-22,000-152,000-153,000-107,000-42,000-45,000132,000329,000269,000
Tax00-32,7930000-16,0000013,000-73,00028,000-70,000
Profit After Tax-30,838-15,216139,801-113,000-233,000-22,000-152,000-169,000-107,000-42,000-32,00059,000357,000199,000
Dividends Paid00000000000426,000139,000354,000
Retained Profit-30,838-15,216139,801-113,000-233,000-22,000-152,000-169,000-107,000-42,000-32,000-367,000218,000-155,000
Employee Costs306,306283,395278,088452,248506,178492,918492,839526,604503,282751,754407,000297,000316,000311,000
Number Of Employees555899910101612121212
EBITDA*41,90032,604201,261-140,000-218,000-14,000-143,000-148,000-102,255-36,397-38,000136,000332,000273,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,9281,9501,1392,00011,0003,0002,0004,0009,00013,00013,00016,00015,00016,000
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,9281,9501,1392,00011,0003,0002,0004,0009,00013,00013,00016,00015,00016,000
Stock & work in progress00000000000000
Trade Debtors504,801615,915319,811491,000123,000194,000164,000166,000207,000391,000486,000838,0001,314,0001,233,000
Group Debtors74,31539,2156,341073,00021,00020,00000010,00048,000181,0000
Misc Debtors7,69718,2726,4257,0006,0004,0003,0005,0000015,00087,000195,000138,000
Cash148,12744,851360,131139,00098,000184,000140,000139,000197,000305,000254,0001,346,0001,111,0001,606,000
misc current assets00000000000000
total current assets734,940718,253692,708637,000300,000403,000327,000310,000404,000696,000765,0002,319,0002,801,0002,977,000
total assets736,868720,203693,847639,000311,000406,000329,000314,000413,000709,000778,0002,335,0002,816,0002,993,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 107,296138,027253,034335,000125,000180,000164,000201,000410,000599,000564,0002,073,0001,862,0002,056,000
Group/Directors Accounts355,983315,707136,533667,000459,000370,000295,00091,0000033,00002,000170,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities46,35342,92287,722139,000126,000194,000188,000188,0000029,00078,000401,000434,000
total current liabilities509,632496,656477,2891,141,000710,000744,000647,000480,000410,000599,000626,0002,151,0002,265,0002,660,000
loans805,489770,962748,757170,000160,000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities805,489770,962748,757170,000160,000000000000
total liabilities1,315,1211,267,6181,226,0461,311,000870,000744,000647,000480,000410,000599,000626,0002,151,0002,265,0002,660,000
net assets-578,253-547,415-532,199-672,000-559,000-338,000-318,000-166,0003,000110,000152,000184,000551,000333,000
total shareholders funds-578,253-547,415-532,199-672,000-559,000-338,000-318,000-166,0003,000110,000152,000184,000551,000333,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit40,66631,769200,366-142,000-220,000-15,000-146,000-153,000-108,255-43,397-45,000132,000329,000269,000
Depreciation1,2348358952,0002,0001,0003,0005,0006,0007,0007,0004,0003,0004,000
Amortisation00000000000000
Tax00-32,7930000-16,0000013,000-73,00028,000-70,000
Stock00000000000000
Debtors-86,589340,825-165,423296,000-17,00032,00016,000-36,000-184,000-120,000-462,000-717,000319,0001,371,000
Creditors-30,731-115,007-81,966210,000-55,00016,000-37,000-209,000-189,00035,000-1,509,000211,000-194,0002,056,000
Accruals and Deferred Income3,431-44,800-51,27813,000-68,0006,0000188,0000-29,000-49,000-323,000-33,000434,000
Deferred Taxes & Provisions00000000000000
Cash flow from operations101,189-468,028200,647-213,000-324,000-24,000-196,000-149,000-107,25589,603-1,121,000668,000-186,0001,322,000
Investing Activities
capital expenditure-1,212-1,646-347,000-10,000-2,000-1,0000-2,000-7,000-4,000-5,000-2,000-20,000
Change in Investments00000000000000
cash flow from investments-1,212-1,646-347,000-10,000-2,000-1,0000-2,000-7,000-4,000-5,000-2,000-20,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts40,276179,174-530,467208,00089,00075,000204,00091,0000-33,00033,000-2,000-168,000170,000
Other Short Term Loans 00000000000000
Long term loans34,52722,205578,75710,000160,000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue000012,0002,0000000000488,000
interest-71,504-46,985-27,772-21,000-13,000-7,000-6,00001,2551,3980000
cash flow from financing3,299154,39420,518197,000248,00070,000198,00091,0001,255-31,60233,000-2,000-168,000658,000
cash and cash equivalents
cash103,276-315,280221,13141,000-86,00044,0001,000-58,000-108,00051,000-1,092,000235,000-495,0001,606,000
overdraft00000000000000
change in cash103,276-315,280221,13141,000-86,00044,0001,000-58,000-108,00051,000-1,092,000235,000-495,0001,606,000

inchcape shipping services (gibraltar) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Inchcape Shipping Services (gibraltar) Limited Competitor Analysis

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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 Shareholders

iss group holdings ltd 100%

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).

officercountryagestartendrole
Mr Michael WalkerEngland38 years Feb 2021- Director
Mr Benjamin HarmstorfEngland48 years Dec 2022- Director

P&L

December 2022

turnover

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 2022

net 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

ENDEAVOURCO TOPCO LTD

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.

charges

inchcape shipping services (gibraltar) limited Companies House Filings - See Documents

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