p&o north sea ferries limited
p&o north sea ferries limited Company Information
Company Number
00809079
Next Accounts
168 days late
Shareholders
p & o ferries holdings ltd
Group Structure
View All
Industry
Sea and coastal passenger water transport
Registered Address
channel house, channel view road, dover, kent, CT17 9TJ
Website
www.poferries.comp&o north sea ferries limited Estimated Valuation
Pomanda estimates the enterprise value of P&O NORTH SEA FERRIES LIMITED at £0 based on a Turnover of £41.8m and -0.46x industry multiple (adjusted for size and gross margin).
p&o north sea ferries limited Estimated Valuation
Pomanda estimates the enterprise value of P&O NORTH SEA FERRIES LIMITED at £95.7m based on an EBITDA of £-51.3m and a -1.87x industry multiple (adjusted for size and gross margin).
p&o north sea ferries limited Estimated Valuation
Pomanda estimates the enterprise value of P&O NORTH SEA FERRIES LIMITED at £0 based on Net Assets of £-75m and 1.41x industry multiple (adjusted for liquidity).
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P&o North Sea Ferries Limited Overview
P&o North Sea Ferries Limited is a live company located in dover, CT17 9TJ with a Companies House number of 00809079. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in June 1964, it's largest shareholder is p & o ferries holdings ltd with a 100% stake. P&o North Sea Ferries Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.8m with declining growth in recent years.
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P&o North Sea Ferries Limited Health Check
Pomanda's financial health check has awarded P&O North Sea Ferries Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
6 Weak
Size
annual sales of £41.8m, make it larger than the average company (£8m)
£41.8m - P&o North Sea Ferries Limited
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (-4%)
-26% - P&o North Sea Ferries Limited
-4% - Industry AVG
Production
with a gross margin of -30.1%, this company has a higher cost of product (8.8%)
-30.1% - P&o North Sea Ferries Limited
8.8% - Industry AVG
Profitability
an operating margin of -129.2% make it less profitable than the average company (-3.7%)
-129.2% - P&o North Sea Ferries Limited
-3.7% - Industry AVG
Employees
with 170 employees, this is above the industry average (65)
170 - P&o North Sea Ferries Limited
65 - Industry AVG
Pay Structure
on an average salary of £21k, the company has a lower pay structure (£42.1k)
£21k - P&o North Sea Ferries Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £246k, this is more efficient (£98.1k)
£246k - P&o North Sea Ferries Limited
£98.1k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (14 days)
125 days - P&o North Sea Ferries Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is slower than average (25 days)
32 days - P&o North Sea Ferries Limited
25 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (7 days)
4 days - P&o North Sea Ferries Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - P&o North Sea Ferries Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 197.7%, this is a higher level of debt than the average (75%)
197.7% - P&o North Sea Ferries Limited
75% - Industry AVG
P&O NORTH SEA FERRIES LIMITED financials
P&O North Sea Ferries Limited's latest turnover from December 2021 is £41.8 million and the company has net assets of -£75 million. According to their latest financial statements, P&O North Sea Ferries Limited has 170 employees and maintains cash reserves of £135 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 41,816,000 | 62,308,000 | 98,633,000 | 104,651,000 | 91,470,000 | 85,299,000 | 80,568,000 | 87,561,000 | 71,869,000 | 80,345,000 | 82,251,000 | 68,744,000 | 65,299,000 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 54,418,000 | 74,776,000 | 107,216,000 | 110,313,000 | 95,293,000 | 88,118,000 | 85,948,000 | 91,473,000 | 89,407,000 | 88,407,000 | 95,005,000 | 82,027,000 | 83,997,000 |
| Gross Profit | -12,602,000 | -12,468,000 | -8,583,000 | -5,662,000 | -3,823,000 | -2,819,000 | -5,380,000 | -3,912,000 | -17,538,000 | -8,062,000 | -12,754,000 | -13,283,000 | -18,698,000 |
| Admin Expenses | 41,424,000 | 4,369,000 | -70,000 | -4,631,000 | -4,198,000 | -8,601,000 | -7,134,000 | -2,008,000 | -10,307,000 | -3,628,000 | -8,925,000 | -9,298,000 | -7,927,000 |
| Operating Profit | -54,026,000 | -16,837,000 | -8,513,000 | -1,031,000 | 375,000 | 5,782,000 | 1,754,000 | -1,904,000 | -7,231,000 | -4,434,000 | -3,829,000 | -3,985,000 | -10,771,000 |
| Interest Payable | 678,000 | 1,137,000 | 1,277,000 | 1,871,000 | 959,000 | 1,572,000 | 779,000 | 776,000 | 472,000 | 273,000 | 249,000 | 314,000 | 1,390,000 |
| Interest Receivable | 22,000 | 523,000 | 836,000 | 20,000 | 18,000 | 9,000 | 76,000 | 1,232,000 | |||||
| Pre-Tax Profit | -54,682,000 | -17,451,000 | -8,954,000 | -3,181,000 | -1,036,000 | 3,192,000 | 983,000 | -2,660,000 | -8,070,000 | -4,749,000 | -3,550,000 | -4,464,000 | -9,166,000 |
| Tax | -13,000 | -15,000 | -18,000 | -15,000 | -15,000 | -15,000 | -14,000 | -19,000 | -16,000 | -17,000 | -18,000 | -19,000 | -31,000 |
| Profit After Tax | -54,695,000 | -17,466,000 | -8,972,000 | -3,196,000 | -1,051,000 | 3,177,000 | 969,000 | -2,679,000 | -8,086,000 | -4,766,000 | -3,568,000 | -4,483,000 | -9,197,000 |
| Dividends Paid | |||||||||||||
| Retained Profit | -54,695,000 | -17,466,000 | -8,972,000 | -3,196,000 | -1,051,000 | 3,177,000 | 969,000 | -2,679,000 | -8,086,000 | -4,766,000 | -3,568,000 | -4,483,000 | -9,197,000 |
| Employee Costs | 3,565,000 | 6,511,000 | 7,108,000 | 6,517,000 | 6,222,000 | 5,555,000 | 5,349,000 | 5,556,000 | 5,632,000 | 5,878,000 | 5,735,000 | 5,986,000 | 6,309,000 |
| Number Of Employees | 170 | 178 | 178 | 172 | 162 | 154 | 149 | 149 | 153 | 159 | 163 | 167 | 170 |
| EBITDA* | -51,259,000 | -4,690,000 | 4,082,000 | 11,638,000 | 2,605,000 | 7,787,000 | 3,759,000 | 23,000 | -5,116,000 | -2,364,000 | -1,601,000 | -2,035,000 | -9,153,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 12,648,000 | 3,393,000 | 25,772,000 | 35,099,000 | 7,034,000 | 5,625,000 | 4,816,000 | 5,450,000 | 6,643,000 | 7,313,000 | 8,292,000 | 7,477,000 | 9,396,000 |
| Intangible Assets | |||||||||||||
| Investments & Other | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 | 363,000 |
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 13,011,000 | 3,756,000 | 26,135,000 | 35,462,000 | 7,397,000 | 5,988,000 | 5,179,000 | 5,813,000 | 7,006,000 | 7,676,000 | 8,655,000 | 7,840,000 | 9,759,000 |
| Stock & work in progress | 637,000 | 854,000 | 1,074,000 | 1,897,000 | 1,543,000 | 1,506,000 | 1,260,000 | 1,118,000 | 1,476,000 | 1,565,000 | 1,704,000 | 1,195,000 | 863,000 |
| Trade Debtors | 14,382,000 | 13,763,000 | 15,040,000 | 17,725,000 | 17,079,000 | 19,055,000 | 15,297,000 | 13,896,000 | 4,900,000 | 14,934,000 | 16,688,000 | 15,198,000 | 15,558,000 |
| Group Debtors | 45,557,000 | 78,432,000 | 233,189,000 | 214,276,000 | 184,198,000 | 152,647,000 | 148,758,000 | 114,079,000 | 81,975,000 | 33,318,000 | 15,476,000 | 2,131,000 | 50,181,000 |
| Misc Debtors | 2,801,000 | 3,523,000 | 1,707,000 | 686,000 | 1,220,000 | 390,000 | 1,680,000 | 2,172,000 | 2,911,000 | 3,857,000 | 4,110,000 | 4,367,000 | |
| Cash | 135,000 | 208,000 | 172,000 | 152,000 | 97,000 | 384,000 | 380,000 | 16,000 | 655,000 | 249,000 | 207,000 | 421,000 | 11,091,000 |
| misc current assets | 239,000 | 4,124,000 | |||||||||||
| total current assets | 63,751,000 | 100,904,000 | 251,182,000 | 234,736,000 | 204,137,000 | 173,592,000 | 166,085,000 | 130,789,000 | 91,178,000 | 52,977,000 | 37,932,000 | 23,055,000 | 82,060,000 |
| total assets | 76,762,000 | 104,660,000 | 277,317,000 | 270,198,000 | 211,534,000 | 179,580,000 | 171,264,000 | 136,602,000 | 98,184,000 | 60,653,000 | 46,587,000 | 30,895,000 | 91,819,000 |
| Bank overdraft | 1,773,000 | ||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 4,877,000 | 3,248,000 | 1,157,000 | 1,839,000 | 1,637,000 | 39,000 | 2,332,000 | 3,523,000 | 3,513,000 | 3,608,000 | 4,144,000 | 1,534,000 | |
| Group/Directors Accounts | 106,818,000 | 85,331,000 | 222,812,000 | 195,329,000 | 164,141,000 | 131,788,000 | 214,482,000 | 173,546,000 | 140,179,000 | 96,252,000 | 69,467,000 | 45,207,000 | 103,804,000 |
| other short term finances | 194,000 | 9,631,000 | 5,149,000 | 134,000 | 126,000 | 118,000 | 8,779,000 | ||||||
| hp & lease commitments | 194,000 | ||||||||||||
| other current liabilities | 23,922,000 | 14,657,000 | 17,511,000 | 15,501,000 | 14,135,000 | 14,853,000 | 8,126,000 | 4,771,000 | 5,525,000 | 4,998,000 | 8,358,000 | 10,701,000 | 12,996,000 |
| total current liabilities | 135,811,000 | 103,430,000 | 251,111,000 | 217,818,000 | 180,047,000 | 146,767,000 | 222,765,000 | 189,428,000 | 149,227,000 | 104,763,000 | 81,433,000 | 61,825,000 | 118,334,000 |
| loans | 1,089,000 | 267,000 | 8,875,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 | 914,000 |
| hp & lease commitments | 8,162,000 | 24,762,000 | 60,000 | 200,000 | 237,000 | 505,000 | |||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 914,000 | 914,000 | |||||||||||
| provisions | 12,790,000 | 12,082,000 | 11,681,000 | 10,916,000 | 9,903,000 | 8,065,000 | 7,958,000 | 7,983,000 | 7,229,000 | 10,482,000 | 10,282,000 | 10,007,000 | |
| total long term liabilities | 15,949,000 | 33,397,000 | 38,814,000 | 56,083,000 | 27,136,000 | 32,057,000 | 29,467,000 | 26,561,000 | 26,361,000 | 24,322,000 | 17,701,000 | 15,974,000 | 15,936,000 |
| total liabilities | 151,760,000 | 136,827,000 | 289,925,000 | 273,901,000 | 207,183,000 | 178,824,000 | 252,232,000 | 215,989,000 | 175,588,000 | 129,085,000 | 99,134,000 | 77,799,000 | 134,270,000 |
| net assets | -74,998,000 | -32,167,000 | -12,608,000 | -3,703,000 | 4,351,000 | 756,000 | -80,968,000 | -79,387,000 | -77,404,000 | -68,432,000 | -52,547,000 | -46,904,000 | -42,451,000 |
| total shareholders funds | -74,998,000 | -32,167,000 | -12,608,000 | -3,703,000 | 4,351,000 | 756,000 | -80,968,000 | -79,387,000 | -77,404,000 | -68,432,000 | -52,547,000 | -46,904,000 | -42,451,000 |
| 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 | -54,026,000 | -16,837,000 | -8,513,000 | -1,031,000 | 375,000 | 5,782,000 | 1,754,000 | -1,904,000 | -7,231,000 | -4,434,000 | -3,829,000 | -3,985,000 | -10,771,000 |
| Depreciation | 2,767,000 | 12,147,000 | 12,595,000 | 12,669,000 | 2,230,000 | 2,005,000 | 2,005,000 | 1,927,000 | 2,115,000 | 2,070,000 | 2,228,000 | 1,950,000 | 1,618,000 |
| Amortisation | |||||||||||||
| Tax | -13,000 | -15,000 | -18,000 | -15,000 | -15,000 | -15,000 | -14,000 | -19,000 | -16,000 | -17,000 | -18,000 | -19,000 | -31,000 |
| Stock | -217,000 | -220,000 | -823,000 | 354,000 | 37,000 | 246,000 | 142,000 | -358,000 | -89,000 | -139,000 | 509,000 | 332,000 | 863,000 |
| Debtors | -32,978,000 | -154,218,000 | 17,249,000 | 30,190,000 | 30,795,000 | 7,257,000 | 34,790,000 | 40,608,000 | 37,884,000 | 15,142,000 | 14,582,000 | -48,667,000 | 70,106,000 |
| Creditors | 1,629,000 | 2,091,000 | -682,000 | 202,000 | 1,637,000 | -39,000 | -2,293,000 | -1,191,000 | 10,000 | -95,000 | -536,000 | 2,610,000 | 1,534,000 |
| Accruals and Deferred Income | 9,265,000 | -2,854,000 | 2,010,000 | 1,366,000 | -718,000 | 6,727,000 | 3,355,000 | -754,000 | 527,000 | -3,360,000 | -2,343,000 | -2,295,000 | 12,996,000 |
| Deferred Taxes & Provisions | -12,790,000 | 708,000 | 401,000 | 765,000 | 1,013,000 | 1,838,000 | 107,000 | -25,000 | 754,000 | -3,253,000 | 200,000 | 275,000 | 10,007,000 |
| Cash flow from operations | -19,973,000 | 149,678,000 | -10,633,000 | -16,588,000 | -26,310,000 | 8,795,000 | -30,018,000 | -42,216,000 | -41,636,000 | -24,092,000 | -19,389,000 | 46,871,000 | -55,616,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 363,000 | ||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | 21,487,000 | -137,481,000 | 27,483,000 | 31,188,000 | 32,353,000 | -82,694,000 | 40,936,000 | 33,367,000 | 43,927,000 | 26,785,000 | 24,260,000 | -58,597,000 | 103,804,000 |
| Other Short Term Loans | -194,000 | -9,437,000 | 4,482,000 | 5,015,000 | 8,000 | 8,000 | -8,661,000 | 8,779,000 | |||||
| Long term loans | 822,000 | -8,608,000 | 7,961,000 | 914,000 | |||||||||
| Hire Purchase and Lease Commitments | 8,356,000 | -24,762,000 | 24,702,000 | -140,000 | -37,000 | -268,000 | 505,000 | ||||||
| other long term liabilities | -914,000 | 914,000 | |||||||||||
| share issue | |||||||||||||
| interest | -656,000 | -614,000 | -441,000 | -1,871,000 | -959,000 | -1,572,000 | -756,000 | -472,000 | -255,000 | -240,000 | -238,000 | -158,000 | |
| cash flow from financing | 40,765,000 | -158,233,000 | 15,704,000 | 54,176,000 | 35,908,000 | -5,748,000 | 42,591,000 | 42,569,000 | 15,411,000 | 21,945,000 | -58,805,000 | 71,306,000 | |
| cash and cash equivalents | |||||||||||||
| cash | -73,000 | 36,000 | 20,000 | 55,000 | -287,000 | 4,000 | 364,000 | -639,000 | 406,000 | 42,000 | -214,000 | -10,670,000 | 11,091,000 |
| overdraft | -1,773,000 | 1,773,000 | |||||||||||
| change in cash | -73,000 | 36,000 | 20,000 | 55,000 | -287,000 | 4,000 | 364,000 | -639,000 | 406,000 | 42,000 | 1,559,000 | -12,443,000 | 11,091,000 |
p&o north sea ferries limited Credit Report and Business Information
P&o North Sea Ferries Limited Competitor Analysis
Perform a competitor analysis for p&o north sea ferries limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in CT17 area or any other competitors across 12 key performance metrics.
p&o north sea ferries limited Ownership
P&O NORTH SEA FERRIES LIMITED group structure
P&O North Sea Ferries Limited has no subsidiary companies.
Ultimate parent company
DUBAI WORLD CORPORATION
#0056387
2 parents
P&O NORTH SEA FERRIES LIMITED
00809079
p&o north sea ferries limited directors
P&O North Sea Ferries Limited currently has 3 directors. The longest serving directors include Mr Peter Hebblethwaite (Apr 2022) and Mr Prasad Narayan (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hebblethwaite | 54 years | Apr 2022 | - | Director | |
| Mr Prasad Narayan | 56 years | Aug 2022 | - | Director | |
| Mr Prasad Narayan | 56 years | Aug 2022 | - | Director |
P&L
December 2021turnover
41.8m
-33%
operating profit
-54m
+221%
gross margin
-30.1%
+50.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-75m
+1.33%
total assets
76.8m
-0.27%
cash
135k
-0.35%
net assets
Total assets minus all liabilities
p&o north sea ferries limited company details
company number
00809079
Type
Private limited with Share Capital
industry
50100 - Sea and coastal passenger water transport
incorporation date
June 1964
age
61
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
north sea ferries limited (January 1997)
accountant
-
auditor
-
address
channel house, channel view road, dover, kent, CT17 9TJ
Bank
-
Legal Advisor
-
p&o north sea ferries 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 18 charges/mortgages relating to p&o north sea ferries limited. Currently there are 12 open charges and 6 have been satisfied in the past.
p&o north sea ferries 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.
Click to start generating capital raising & share issue transactions for P&O NORTH SEA FERRIES LIMITED. This can take several minutes, an email will notify you when this has completed.
p&o north sea ferries limited Companies House Filings - See Documents
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