wightlink limited
wightlink limited Company Information
Company Number
01059267
Next Accounts
Dec 2025
Shareholders
arca shipping limited
Group Structure
View All
Industry
Sea and coastal freight water transport
+1Registered Address
gunwharf terminal, gunwharf road, portsmouth, hampshire, PO1 2LA
Website
www.wightlink.co.ukwightlink limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHTLINK LIMITED at £177.6m based on a Turnover of £87.6m and 2.03x industry multiple (adjusted for size and gross margin).
wightlink limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHTLINK LIMITED at £220.9m based on an EBITDA of £29.7m and a 7.44x industry multiple (adjusted for size and gross margin).
wightlink limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHTLINK LIMITED at £203m based on Net Assets of £148.4m and 1.37x industry multiple (adjusted for liquidity).
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Wightlink Limited Overview
Wightlink Limited is a live company located in portsmouth, PO1 2LA with a Companies House number of 01059267. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in June 1972, it's largest shareholder is arca shipping limited with a 100% stake. Wightlink Limited is a mature, large sized company, Pomanda has estimated its turnover at £87.6m with rapid growth in recent years.
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Wightlink Limited Health Check
Pomanda's financial health check has awarded Wightlink Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £87.6m, make it larger than the average company (£6m)
£87.6m - Wightlink Limited
£6m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (9%)
32% - Wightlink Limited
9% - Industry AVG
Production
with a gross margin of 34.6%, this company has a lower cost of product (25.2%)
34.6% - Wightlink Limited
25.2% - Industry AVG
Profitability
an operating margin of 21.8% make it more profitable than the average company (10.2%)
21.8% - Wightlink Limited
10.2% - Industry AVG
Employees
with 580 employees, this is above the industry average (26)
580 - Wightlink Limited
26 - Industry AVG
Pay Structure
on an average salary of £59.5k, the company has an equivalent pay structure (£57.6k)
£59.5k - Wightlink Limited
£57.6k - Industry AVG
Efficiency
resulting in sales per employee of £151k, this is less efficient (£302.3k)
£151k - Wightlink Limited
£302.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (22 days)
7 days - Wightlink Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (22 days)
11 days - Wightlink Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (12 days)
9 days - Wightlink Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (20 weeks)
22 weeks - Wightlink Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.3%, this is a lower level of debt than the average (58%)
18.3% - Wightlink Limited
58% - Industry AVG
WIGHTLINK LIMITED financials
Wightlink Limited's latest turnover from March 2024 is £87.6 million and the company has net assets of £148.4 million. According to their latest financial statements, Wightlink Limited has 580 employees and maintains cash reserves of £7.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 87,589,000 | 78,747,000 | 71,082,000 | 38,441,000 | 68,421,000 | 68,944,000 | 66,128,000 | 63,922,000 | 61,960,000 | 59,608,000 | 59,668,000 | 59,836,000 | 59,436,000 | 54,984,000 | 53,728,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 57,276,000 | 53,008,000 | 45,283,000 | 40,951,000 | 50,266,000 | ||||||||||
| Gross Profit | 30,313,000 | 25,739,000 | 25,799,000 | -2,510,000 | 18,155,000 | ||||||||||
| Admin Expenses | 11,261,000 | 10,172,000 | 10,068,000 | -6,943,000 | 7,829,000 | ||||||||||
| Operating Profit | 19,052,000 | 15,567,000 | 15,731,000 | 4,433,000 | 10,326,000 | 17,014,000 | 15,530,000 | 18,075,000 | 14,061,000 | 7,096,000 | 10,347,000 | 7,411,000 | 6,680,000 | 7,784,000 | 10,607,000 |
| Interest Payable | 406,000 | 365,000 | 427,000 | 198,000 | 247,000 | 370,000 | 496,000 | 357,000 | 34,000 | 40,000 | 61,000 | 90,000 | 126,000 | 174,000 | 279,000 |
| Interest Receivable | 357,000 | 55,000 | 1,000 | 5,000 | 11,000 | 10,000 | 6,000 | 12,000 | 24,000 | 3,191,000 | 2,657,000 | 2,156,000 | 1,592,000 | 871,000 | 14,000 |
| Pre-Tax Profit | 19,003,000 | 15,257,000 | 15,305,000 | 4,240,000 | 6,152,000 | 16,654,000 | 15,040,000 | 17,730,000 | 13,684,000 | 10,034,000 | 12,943,000 | 9,477,000 | 8,146,000 | 8,481,000 | 10,342,000 |
| Tax | -4,022,000 | 602,000 | -1,688,000 | 99,000 | 2,682,000 | -1,717,000 | -1,220,000 | 4,041,000 | 3,678,000 | 2,784,000 | 465,000 | -6,900,000 | -4,000 | ||
| Profit After Tax | 14,981,000 | 15,859,000 | 13,617,000 | 4,339,000 | 8,834,000 | 14,937,000 | 13,820,000 | 21,771,000 | 13,684,000 | 10,034,000 | 16,621,000 | 12,261,000 | 8,611,000 | 1,581,000 | 10,338,000 |
| Dividends Paid | 18,000,000 | 8,000,000 | 6,200,000 | 14,494,000 | 15,300,000 | 14,200,000 | 11,750,000 | ||||||||
| Retained Profit | -3,019,000 | 7,859,000 | 13,617,000 | 4,339,000 | 2,634,000 | 443,000 | -1,480,000 | 7,571,000 | 1,934,000 | 10,034,000 | 16,621,000 | 12,261,000 | 8,611,000 | 1,581,000 | 10,338,000 |
| Employee Costs | 34,516,000 | 29,232,000 | 29,056,000 | 11,667,000 | 12,980,000 | 13,289,000 | 12,099,000 | 11,849,000 | 11,802,000 | 11,995,000 | 9,619,000 | 9,889,000 | 9,664,000 | 9,241,000 | 8,468,000 |
| Number Of Employees | 580 | 560 | 522 | 261 | 280 | 253 | 249 | 248 | 257 | 258 | 256 | 290 | 302 | 316 | 314 |
| EBITDA* | 29,686,000 | 24,362,000 | 24,821,000 | 13,756,000 | 18,200,000 | 23,806,000 | 22,501,000 | 24,603,000 | 20,566,000 | 14,717,000 | 17,657,000 | 13,663,000 | 15,262,000 | 14,416,000 | 15,175,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 87,809,000 | 85,740,000 | 84,187,000 | 86,867,000 | 89,522,000 | 90,732,000 | 85,794,000 | 74,173,000 | 56,261,000 | 55,394,000 | 68,540,000 | 70,102,000 | 72,183,000 | 74,436,000 | 70,159,000 |
| Intangible Assets | 209,000 | 302,000 | 405,000 | 731,000 | 1,403,000 | 1,655,000 | 1,392,000 | 1,267,000 | 1,083,000 | 961,000 | 28,237,000 | 28,237,000 | 28,237,000 | 28,237,000 | 28,237,000 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 11,000 | 229,000 | 1,823,000 | ||||||||||||
| Total Fixed Assets | 88,029,000 | 86,271,000 | 86,415,000 | 87,598,000 | 90,925,000 | 92,387,000 | 87,186,000 | 75,440,000 | 57,344,000 | 56,355,000 | 96,777,000 | 98,339,000 | 100,420,000 | 102,673,000 | 98,396,000 |
| Stock & work in progress | 1,413,000 | 1,332,000 | 1,247,000 | 1,180,000 | 1,191,000 | 1,426,000 | 1,352,000 | 1,148,000 | 1,115,000 | 1,155,000 | 1,273,000 | 1,205,000 | 1,142,000 | 1,154,000 | 806,000 |
| Trade Debtors | 1,835,000 | 1,602,000 | 1,589,000 | 1,074,000 | 1,337,000 | 1,471,000 | 1,692,000 | 1,348,000 | 1,324,000 | 1,266,000 | 1,818,000 | 1,538,000 | 1,539,000 | 2,033,000 | 3,475,000 |
| Group Debtors | 79,024,000 | 70,214,000 | 70,214,000 | 70,215,000 | 70,180,000 | 68,947,000 | 71,493,000 | 71,453,000 | 71,761,000 | 67,884,000 | 59,661,000 | 47,692,000 | 37,449,000 | 23,999,000 | 9,409,000 |
| Misc Debtors | 3,797,000 | 9,615,000 | 9,084,000 | 9,590,000 | 7,361,000 | 5,841,000 | 8,721,000 | 9,895,000 | 2,081,000 | 4,329,000 | 1,134,000 | 2,034,000 | 3,201,000 | 3,216,000 | 1,711,000 |
| Cash | 7,585,000 | 15,254,000 | 17,602,000 | 14,821,000 | 9,198,000 | 1,847,000 | 1,427,000 | 7,037,000 | 6,600,000 | 4,580,000 | 1,624,000 | 1,667,000 | 1,125,000 | 3,025,000 | 3,711,000 |
| misc current assets | 3,000,000 | 678,000 | 601,000 | 660,000 | 450,000 | 3,244,000 | 1,246,000 | ||||||||
| total current assets | 93,654,000 | 101,017,000 | 99,736,000 | 96,880,000 | 89,267,000 | 79,532,000 | 84,685,000 | 90,881,000 | 82,881,000 | 79,892,000 | 66,111,000 | 54,796,000 | 44,906,000 | 36,671,000 | 20,358,000 |
| total assets | 181,683,000 | 187,288,000 | 186,151,000 | 184,478,000 | 180,192,000 | 171,919,000 | 171,871,000 | 166,321,000 | 140,225,000 | 136,247,000 | 162,888,000 | 153,135,000 | 145,326,000 | 139,344,000 | 118,754,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,848,000 | 2,125,000 | 1,412,000 | 1,744,000 | 1,501,000 | 1,210,000 | 1,436,000 | 2,246,000 | 1,807,000 | 2,282,000 | 2,464,000 | 2,343,000 | 1,348,000 | 2,641,000 | 1,807,000 |
| Group/Directors Accounts | 2,118,000 | 9,577,000 | 22,156,000 | 25,781,000 | 562,000 | 627,000 | 701,000 | 721,000 | 700,000 | 1,318,000 | 1,202,000 | ||||
| other short term finances | 187,000 | 326,000 | 708,000 | 2,901,000 | |||||||||||
| hp & lease commitments | 2,785,000 | 11,000 | |||||||||||||
| other current liabilities | 15,866,000 | 18,404,000 | 15,363,000 | 13,775,000 | 8,895,000 | 32,244,000 | 32,193,000 | 25,295,000 | 7,592,000 | 8,752,000 | 6,405,000 | 6,923,000 | 9,599,000 | 9,900,000 | 6,331,000 |
| total current liabilities | 17,714,000 | 22,834,000 | 26,352,000 | 38,001,000 | 36,885,000 | 33,454,000 | 33,629,000 | 27,541,000 | 12,862,000 | 11,661,000 | 9,570,000 | 12,772,000 | 11,647,000 | 13,859,000 | 9,351,000 |
| loans | 263,000 | 418,000 | 339,000 | 2,015,000 | 13,000 | 13,000 | 28,000 | 28,000 | 28,000 | 13,000 | |||||
| hp & lease commitments | 2,793,000 | 2,745,000 | 2,654,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 4,046,000 | ||||||||||||||
| provisions | 21,006,000 | 35,324,000 | 38,606,000 | 3,651,000 | 6,435,000 | 6,900,000 | |||||||||
| total long term liabilities | 15,546,000 | 10,263,000 | 16,788,000 | 14,075,000 | 10,943,000 | 10,503,000 | 17,662,000 | 19,303,000 | 10,399,000 | 11,770,000 | 13,000 | 3,679,000 | 9,256,000 | 9,673,000 | 2,667,000 |
| total liabilities | 33,260,000 | 33,097,000 | 43,140,000 | 52,076,000 | 47,828,000 | 43,957,000 | 51,291,000 | 46,844,000 | 23,261,000 | 23,431,000 | 9,583,000 | 16,451,000 | 20,903,000 | 23,532,000 | 12,018,000 |
| net assets | 148,423,000 | 154,191,000 | 143,011,000 | 132,402,000 | 132,364,000 | 127,962,000 | 120,580,000 | 119,477,000 | 116,964,000 | 112,816,000 | 153,305,000 | 136,684,000 | 124,423,000 | 115,812,000 | 106,736,000 |
| total shareholders funds | 148,423,000 | 154,191,000 | 143,011,000 | 132,402,000 | 132,364,000 | 127,962,000 | 120,580,000 | 119,477,000 | 116,964,000 | 112,816,000 | 153,305,000 | 136,684,000 | 124,423,000 | 115,812,000 | 106,736,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 19,052,000 | 15,567,000 | 15,731,000 | 4,433,000 | 10,326,000 | 17,014,000 | 15,530,000 | 18,075,000 | 14,061,000 | 7,096,000 | 10,347,000 | 7,411,000 | 6,680,000 | 7,784,000 | 10,607,000 |
| Depreciation | 10,460,000 | 8,596,000 | 8,809,000 | 8,986,000 | 7,606,000 | 6,639,000 | 6,715,000 | 6,476,000 | 6,505,000 | 7,621,000 | 7,310,000 | 6,252,000 | 8,582,000 | 6,632,000 | 4,568,000 |
| Amortisation | 174,000 | 199,000 | 281,000 | 337,000 | 268,000 | 153,000 | 256,000 | 52,000 | |||||||
| Tax | -4,022,000 | 602,000 | -1,688,000 | 99,000 | 2,682,000 | -1,717,000 | -1,220,000 | 4,041,000 | 3,678,000 | 2,784,000 | 465,000 | -6,900,000 | -4,000 | ||
| Stock | 81,000 | 85,000 | 67,000 | -11,000 | -235,000 | 74,000 | 204,000 | 33,000 | -40,000 | -118,000 | 68,000 | 63,000 | -12,000 | 348,000 | 806,000 |
| Debtors | 3,007,000 | -1,050,000 | 1,831,000 | 2,001,000 | 2,619,000 | -5,647,000 | -790,000 | 7,530,000 | 1,687,000 | 10,866,000 | 11,349,000 | 9,075,000 | 12,941,000 | 14,653,000 | 14,595,000 |
| Creditors | -277,000 | 713,000 | -332,000 | 243,000 | 291,000 | -226,000 | -810,000 | 439,000 | -475,000 | -182,000 | 121,000 | 995,000 | -1,293,000 | 834,000 | 1,807,000 |
| Accruals and Deferred Income | -2,538,000 | 3,041,000 | 1,588,000 | 4,880,000 | -23,349,000 | 51,000 | 6,898,000 | 17,703,000 | -1,160,000 | 2,347,000 | -518,000 | -2,676,000 | -301,000 | 3,569,000 | 6,331,000 |
| Deferred Taxes & Provisions | -21,006,000 | -14,318,000 | -3,282,000 | 38,606,000 | -3,651,000 | -2,784,000 | -465,000 | 6,900,000 | |||||||
| Cash flow from operations | 19,761,000 | 29,683,000 | 22,491,000 | 16,988,000 | -25,566,000 | 13,169,000 | 24,673,000 | 77,829,000 | 17,284,000 | 6,134,000 | 5,870,000 | 2,844,000 | 739,000 | 3,818,000 | 7,908,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2,118,000 | -7,459,000 | -12,579,000 | -3,625,000 | 25,781,000 | -562,000 | -65,000 | -74,000 | -20,000 | 21,000 | -618,000 | 116,000 | 1,202,000 | ||
| Other Short Term Loans | -187,000 | 187,000 | -326,000 | -382,000 | 708,000 | -2,901,000 | 2,901,000 | ||||||||
| Long term loans | -155,000 | 418,000 | -339,000 | -1,676,000 | 2,015,000 | -13,000 | -15,000 | 15,000 | 13,000 | ||||||
| Hire Purchase and Lease Commitments | -2,785,000 | -8,000 | 48,000 | 80,000 | 2,665,000 | ||||||||||
| other long term liabilities | 4,046,000 | ||||||||||||||
| share issue | |||||||||||||||
| interest | -49,000 | -310,000 | -426,000 | -193,000 | -236,000 | -360,000 | -490,000 | -345,000 | -10,000 | 3,151,000 | 2,596,000 | 2,066,000 | 1,466,000 | 697,000 | -265,000 |
| cash flow from financing | -1,212,000 | -3,843,000 | -16,678,000 | -10,177,000 | 30,036,000 | 6,579,000 | 2,093,000 | -8,866,000 | 5,027,000 | -47,446,000 | -224,000 | 2,079,000 | 896,000 | 8,403,000 | 100,013,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -7,669,000 | -2,348,000 | 2,781,000 | 5,623,000 | 7,351,000 | 420,000 | -5,610,000 | 437,000 | 2,020,000 | 2,956,000 | -43,000 | 542,000 | -1,900,000 | -686,000 | 3,711,000 |
| overdraft | |||||||||||||||
| change in cash | -7,669,000 | -2,348,000 | 2,781,000 | 5,623,000 | 7,351,000 | 420,000 | -5,610,000 | 437,000 | 2,020,000 | 2,956,000 | -43,000 | 542,000 | -1,900,000 | -686,000 | 3,711,000 |
wightlink limited Credit Report and Business Information
Wightlink Limited Competitor Analysis
Perform a competitor analysis for wightlink limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in PO1 area or any other competitors across 12 key performance metrics.
wightlink limited Ownership
WIGHTLINK LIMITED group structure
Wightlink Limited has no subsidiary companies.
Ultimate parent company
2 parents
WIGHTLINK LIMITED
01059267
wightlink limited directors
Wightlink Limited currently has 8 directors. The longest serving directors include Mr Daniel Anderson (Apr 2020) and Mr Jason Cogley (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Anderson | England | 31 years | Apr 2020 | - | Director |
| Mr Jason Cogley | United Kingdom | 53 years | Apr 2020 | - | Director |
| Mr Daniel Anderson | England | 31 years | Apr 2020 | - | Director |
| Mr Paul Winter | 61 years | Feb 2021 | - | Director | |
| Mr Marcus Berg | England | 35 years | Sep 2022 | - | Director |
| Mr David Jones | 58 years | Nov 2023 | - | Director | |
| Mr Steven Lowry | England | 52 years | Apr 2024 | - | Director |
| Ms Katy Taylor | England | 47 years | Aug 2024 | - | Director |
P&L
March 2024turnover
87.6m
+11%
operating profit
19.1m
+22%
gross margin
34.7%
+5.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
148.4m
-0.04%
total assets
181.7m
-0.03%
cash
7.6m
-0.5%
net assets
Total assets minus all liabilities
wightlink limited company details
company number
01059267
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
50100 - Sea and coastal passenger water transport
incorporation date
June 1972
age
53
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
passro(shipping)co.limited (June 1990)
accountant
-
auditor
CLA EVELYN PARTNERS LIMITED
address
gunwharf terminal, gunwharf road, portsmouth, hampshire, PO1 2LA
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
wightlink 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 204 charges/mortgages relating to wightlink limited. Currently there are 18 open charges and 186 have been satisfied in the past.
wightlink 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 WIGHTLINK LIMITED. This can take several minutes, an email will notify you when this has completed.
wightlink limited Companies House Filings - See Documents
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