Argo Nautical Limited

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argo nautical limited Company Information

Company Number

00829659

Next Accounts

Sep 2025

Directors

Peter Whale

Max Whale

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Shareholders

orca marine leisure limited

Group Structure

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Industry

Sea and coastal freight water transport

Registered Address

6 athena court, athena drive tachbrook park, warwick, warwickshire, CV34 6RT

Website

www.princess.co.uk

argo nautical limited Estimated Valuation

£121.3m

Pomanda estimates the enterprise value of ARGO NAUTICAL LIMITED at £121.3m based on a Turnover of £91.4m and 1.33x industry multiple (adjusted for size and gross margin).

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Argo Nautical Limited is a live company located in warwick, CV34 6RT with a Companies House number of 00829659. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in December 1964, it's largest shareholder is orca marine leisure limited with a 100% stake. Argo Nautical Limited is a mature, large sized company, Pomanda has estimated its turnover at £91.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Argo Nautical Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £91.4m, make it larger than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.5%)

EXPORT

Argo Nautical Limited's latest turnover from December 2023 is £91.4 million and the company has net assets of £24.4 million. According to their latest financial statements, Argo Nautical Limited has 115 employees and maintains cash reserves of £1 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	91,404,943	94,825,716	92,565,055	79,866,768	101,081,381	114,535,873	101,434,919	107,441,190	110,159,219	106,744,595	82,527,406	90,297,287	71,200,527	67,625,810	67,554,741
Other Income Or Grants
Cost Of Sales	74,887,474	73,855,563	77,760,575	69,568,313	89,040,616	100,827,504	89,755,248	98,130,321	102,151,843	100,244,291	78,049,574	84,046,502	65,660,327	62,113,262	63,025,880
Gross Profit	16,517,469	20,970,153	14,804,480	10,298,455	12,040,765	13,708,369	11,679,671	9,310,869	8,007,376	6,500,304	4,477,832	6,250,785	5,540,200	5,512,548	4,528,861
Admin Expenses	13,562,716	11,548,305	8,909,980	8,855,258	9,283,269	9,378,961	8,335,041	8,029,924	7,386,693	5,964,397	5,893,474	5,450,944	4,869,338	4,977,330	5,315,724
Operating Profit	2,954,753	9,421,848	5,894,500	1,443,197	2,757,496	4,329,408	3,344,630	1,280,945	620,683	535,907	-1,415,642	799,841	670,862	535,218	-786,863
Interest Payable	846,776	81,985	136,575	373,657	543,489	329,252	142,477	211,552	463,991	395,594	715,809	320,642	258,346	267,043	435,045
Interest Receivable	12,091	5,907	81	138	1,126	33,384	509		18,802	1,426	829	4,660		4,614
Pre-Tax Profit	2,120,068	9,345,770	5,758,006	1,069,678	2,215,133	4,033,540	3,202,662	1,069,393	175,494	141,739	-2,130,622	483,859	412,516	319,914	-1,221,908
Tax	-557,818	-1,897,665	-1,113,255	-186,385	-257,880	-801,235	-552,889	-199,123	28,459	-33,832	211,174	-168,237	-22,077	-94,830	124,186
Profit After Tax	1,562,250	7,448,105	4,644,751	883,293	1,957,253	3,232,305	2,649,773	870,270	203,953	107,907	-1,919,448	315,622	390,439	225,084	-1,097,722
Dividends Paid			2,000,000		1,200,000
Retained Profit	1,562,250	7,448,105	2,644,751	883,293	757,253	3,232,305	2,649,773	870,270	203,953	107,907	-1,919,448	315,622	390,439	225,084	-1,097,722
Employee Costs	5,955,410	5,693,065	4,253,462	3,952,524	3,949,937	3,582,591	3,521,193	3,349,899	2,816,611	2,283,551	1,895,314	1,860,296	1,662,622	1,590,353	1,658,622
Number Of Employees	115	101	82	84	85	80	74	73	75	60	52	43	41	39	42
EBITDA*	3,282,286	9,713,180	6,177,321	1,712,139	2,990,148	4,530,121	3,583,356	1,542,428	861,866	773,317	-1,135,097	1,047,229	908,602	752,728	-424,295

* 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	2,483,881	2,641,802	2,497,651	2,629,471	2,336,325	905,121	914,652	1,099,452	1,292,252	930,247	1,232,759	1,163,185	1,252,746	1,268,447	1,451,716
Intangible Assets						892	4,781	10,602	16,423	14,615
Investments & Other	44,224	54,195	454,195	54,195	54,195	54,195	31,647	31,647	31,647	31,647	31,647	31,647	31,647	31,647	45,002
Debtors (Due After 1 year)							34,254	41,470	30,430	36,073	8,549	7,087	16,365	8,239	82,749
Total Fixed Assets	2,528,105	2,695,997	2,951,846	2,683,666	2,390,520	960,208	985,334	1,183,171	1,370,752	1,012,582	1,272,955	1,201,919	1,300,758	1,308,333	1,579,467
Stock & work in progress	53,793,205	39,489,630	19,868,107	23,625,440	35,681,963	42,428,390	31,302,553	28,039,581	32,280,395	49,233,765	37,575,285	23,051,995	31,562,516	22,826,099	18,415,761
Trade Debtors	3,584,619	1,441,342	937,711	2,683,958	4,163,387	1,972,455	2,907,370	2,071,543	1,047,110	663,231	562,641	240,043	163,563	4,037,628	194,374
Group Debtors	10,655,702	12,703,651	10,663,185	5,033,890	2,933,680	4,135,773	3,351,472	2,919,985	2,616,472	2,415,472	2,214,472	2,029,059	2,119,708	1,551,064	1,032,128
Misc Debtors	2,756,206	1,265,410	2,229,186	1,184,675	1,689,360	3,670,316	455,296	683,738	861,676	3,330,373	3,102,494	857,541	795,838	1,193,757	920,455
Cash	1,040,138	10,637,586	18,379,065	4,247,711	1,135,234	2,680,399	4,815,889	1,560,789	8,656	5,429	119,061	5,005	75,594	2,098	2,638
misc current assets
total current assets	71,829,870	65,537,619	52,077,254	36,775,674	45,603,624	54,887,333	42,832,580	35,275,636	36,814,309	55,648,270	43,573,953	26,183,643	34,717,219	29,610,646	20,565,356
total assets	74,357,975	68,233,616	55,029,100	39,459,340	47,994,144	55,847,541	43,817,914	36,458,807	38,185,061	56,660,852	44,846,908	27,385,562	36,017,977	30,918,979	22,144,823
Bank overdraft									506,554	589,691	688,779	1,078,154	630,406	923,283	675,299
Bank loan
Trade Creditors	25,617,025	33,648,605	27,288,627	16,126,489	18,663,851	28,066,264	31,040,874	27,789,795	29,824,835	50,163,601	38,320,741	17,985,441	27,901,246	23,526,400	15,484,828
Group/Directors Accounts	1,684,126	1,562,517	972,189	619,306	171,194	1,193,572	329,608	688,474	351,146	93,151	188,818	118,247	371,408	62,881	18,387
other short term finances
hp & lease commitments															4,210
other current liabilities	22,679,756	10,207,676	11,401,571	9,991,583	17,320,430	15,506,289	4,598,321	2,781,200	3,173,458	1,689,294	1,631,362	2,267,064	1,493,883	1,175,820	956,588
total current liabilities	49,980,907	45,418,798	39,662,387	26,737,378	36,155,475	44,766,125	35,968,803	31,259,469	33,855,993	52,535,737	40,829,700	21,448,906	30,396,943	25,688,384	17,139,312
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	49,980,907	45,418,798	39,662,387	26,737,378	36,155,475	44,766,125	35,968,803	31,259,469	33,855,993	52,535,737	40,829,700	21,448,906	30,396,943	25,688,384	17,139,312
net assets	24,377,068	22,814,818	15,366,713	12,721,962	11,838,669	11,081,416	7,849,111	5,199,338	4,329,068	4,125,115	4,017,208	5,936,656	5,621,034	5,230,595	5,005,511
total shareholders funds	24,377,068	22,814,818	15,366,713	12,721,962	11,838,669	11,081,416	7,849,111	5,199,338	4,329,068	4,125,115	4,017,208	5,936,656	5,621,034	5,230,595	5,005,511

	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	2,954,753	9,421,848	5,894,500	1,443,197	2,757,496	4,329,408	3,344,630	1,280,945	620,683	535,907	-1,415,642	799,841	670,862	535,218	-786,863
Depreciation	327,533	291,332	282,821	268,942	231,760	195,641	232,905	255,662	235,545	237,410	280,545	247,388	237,740	217,510	362,568
Amortisation					892	5,072	5,821	5,821	5,638
Tax	-557,818	-1,897,665	-1,113,255	-186,385	-257,880	-801,235	-552,889	-199,123	28,459	-33,832	211,174	-168,237	-22,077	-94,830	124,186
Stock	14,303,575	19,621,523	-3,757,333	-12,056,523	-6,746,427	11,125,837	3,262,972	-4,240,814	-16,953,370	11,658,480	14,523,290	-8,510,521	8,736,417	4,410,338	18,415,761
Debtors	1,586,124	1,580,321	4,927,559	116,096	-992,117	3,030,152	1,031,656	1,161,048	-1,889,461	556,993	2,754,426	38,256	-3,695,214	4,560,982	2,229,706
Creditors	-8,031,580	6,359,978	11,162,138	-2,537,362	-9,402,413	-2,974,610	3,251,079	-2,035,040	-20,338,766	11,842,860	20,335,300	-9,915,805	4,374,846	8,041,572	15,484,828
Accruals and Deferred Income	12,472,080	-1,193,895	1,409,988	-7,328,847	1,814,141	10,907,968	1,817,121	-392,258	1,484,164	57,932	-635,702	773,181	318,063	219,232	956,588
Deferred Taxes & Provisions
Cash flow from operations	-8,724,731	-8,220,246	16,465,966	3,599,972	2,882,540	-2,493,745	3,804,039	1,995,773	878,554	424,804	1,497,959	208,633	538,231	-52,618	-4,504,160
Investing Activities
capital expenditure	-169,612	-435,483	-151,001	-562,088	-1,662,964	-187,293	-48,105	-62,862	-604,996	50,487	-350,119	-157,827	-222,039	-34,241	-1,814,284
Change in Investments	-9,971	-400,000	400,000			22,548								-13,355	45,002
cash flow from investments	-159,641	-35,483	-551,001	-562,088	-1,662,964	-209,841	-48,105	-62,862	-604,996	50,487	-350,119	-157,827	-222,039	-20,886	-1,859,286
Financing Activities
Bank loans
Group/Directors Accounts	121,609	590,328	352,883	448,112	-1,022,378	863,964	-358,866	337,328	257,995	-95,667	70,571	-253,161	308,527	44,494	18,387
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments														-4,210	4,210
other long term liabilities
share issue															6,103,233
interest	-834,685	-76,078	-136,494	-373,519	-542,363	-295,868	-141,968	-211,552	-445,189	-394,168	-714,980	-315,982	-258,346	-262,429	-435,045
cash flow from financing	-713,076	514,250	216,389	74,593	-1,564,741	568,096	-500,834	125,776	-187,194	-489,835	-644,409	-569,143	50,181	-222,145	5,690,785
cash and cash equivalents
cash	-9,597,448	-7,741,479	14,131,354	3,112,477	-1,545,165	-2,135,490	3,255,100	1,552,133	3,227	-113,632	114,056	-70,589	73,496	-540	2,638
overdraft								-506,554	-83,137	-99,088	-389,375	447,748	-292,877	247,984	675,299
change in cash	-9,597,448	-7,741,479	14,131,354	3,112,477	-1,545,165	-2,135,490	3,255,100	2,058,687	86,364	-14,544	503,431	-518,337	366,373	-248,524	-672,661

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARGO NAUTICAL LIMITED group structure

Argo Nautical Limited has 4 subsidiary companies.

Ultimate parent company

ORCA MARINE LEISURE GROUP LIMITED

12374117

ORCA MARINE LEISURE LIMITED

06422135

2 parents

ARGO NAUTICAL LIMITED

00829659

4 subsidiaries

PISAS (EBT TRUSTEES) LIMITED

06393900

MARINE (SECOL) TRADING COMPANY LIMITED

02196159

TORQUAY MARINE SALES LIMITED

02197778

PRINCESS SALES AND SERVICE (U.K.) LIMITED

01803288

ARGO NAUTICAL LIMITED Shareholders

orca marine leisure limited

100%

Argo Nautical Limited currently has 6 directors. The longest serving directors include Mr Peter Whale (Dec 2007) and Mr Max Whale (Jun 2008).

officer	country	age	start	end	role
Mr Peter Whale	United Kingdom	76 years	Dec 2007	-	Director
Mr Max Whale	United Kingdom	48 years	Jun 2008	-	Director
Mr Henry Whale	England	51 years	Jun 2008	-	Director
Mr Roger Lipman	United Kingdom	62 years	Sep 2009	-	Director
Mr Colin Capewell		58 years	Feb 2012	-	Director
Mr Andrew Stone	United Kingdom	48 years	Mar 2024	-	Director

P&L

December 2023

turnover

91.4m

-4%

operating profit

-69%

gross margin

18.1%

-18.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

24.4m

+0.07%

total assets

74.4m

+0.09%

cash

-0.9%

net assets

Total assets minus all liabilities

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company number

00829659

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

December 1964

ultimate parent company

ORCA MARINE LEISURE GROUP LIMITED

previous names

princess international sales and service ltd (November 2019)

princess yachts international limited (March 1996)

address

6 athena court, athena drive tachbrook park, warwick, warwickshire, CV34 6RT

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 183 charges/mortgages relating to argo nautical limited. Currently there are 19 open charges and 164 have been satisfied in the past.

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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argo nautical limited Company Information

argo nautical limited Estimated Valuation

argo nautical limited Estimated Valuation

argo nautical limited Estimated Valuation

Argo Nautical Limited Overview

Argo Nautical Limited Health Check

ARGO NAUTICAL LIMITED financials

argo nautical limited Credit Report and Business Information

Argo Nautical Limited Competitor Analysis

argo nautical limited Ownership

argo nautical limited directors

argo nautical limited company details

argo nautical limited Charges & Mortgages

argo nautical limited Capital Raised & Share Issues BETA

argo nautical limited Companies House Filings - See Documents