maritime transport limited

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maritime transport limited Company Information

Share MARITIME TRANSPORT LIMITED
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Company Number

01160595

Registered Address

maritime house, clickett hill road, felixstowe, suffolk ip11 4ax, IP11 2QE

Industry

Freight transport by road

 

Telephone

01394617300

Next Accounts Due

September 2025

Group Structure

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Directors

Andrew McNab22 Years

Simon Smart19 Years

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Shareholders

maritime group ltd 100%

maritime transport limited Estimated Valuation

£401.7m

Pomanda estimates the enterprise value of MARITIME TRANSPORT LIMITED at £401.7m based on a Turnover of £404.3m and 0.99x industry multiple (adjusted for size and gross margin).

maritime transport limited Estimated Valuation

£436.3m

Pomanda estimates the enterprise value of MARITIME TRANSPORT LIMITED at £436.3m based on an EBITDA of £50.9m and a 8.57x industry multiple (adjusted for size and gross margin).

maritime transport limited Estimated Valuation

£110.7m

Pomanda estimates the enterprise value of MARITIME TRANSPORT LIMITED at £110.7m based on Net Assets of £125.5m and 0.88x industry multiple (adjusted for liquidity).

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Maritime Transport Limited Overview

Maritime Transport Limited is a live company located in felixstowe, IP11 2QE with a Companies House number of 01160595. It operates in the freight transport by road sector, SIC Code 49410. Founded in February 1974, it's largest shareholder is maritime group ltd with a 100% stake. Maritime Transport Limited is a mature, mega sized company, Pomanda has estimated its turnover at £404.3m with healthy growth in recent years.

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Maritime Transport Limited Health Check

Pomanda's financial health check has awarded Maritime Transport Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

5 Regular

positive_score

2 Weak

size

Size

annual sales of £404.3m, make it larger than the average company (£9.3m)

£404.3m - Maritime Transport Limited

£9.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.9%)

8% - Maritime Transport Limited

8.9% - Industry AVG

production

Production

with a gross margin of 26.3%, this company has a comparable cost of product (22.6%)

26.3% - Maritime Transport Limited

22.6% - Industry AVG

profitability

Profitability

an operating margin of 5% make it as profitable than the average company (5.6%)

5% - Maritime Transport Limited

5.6% - Industry AVG

employees

Employees

with 2855 employees, this is above the industry average (60)

2855 - Maritime Transport Limited

60 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.5k, the company has a higher pay structure (£40.1k)

£53.5k - Maritime Transport Limited

£40.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £141.6k, this is equally as efficient (£133.1k)

£141.6k - Maritime Transport Limited

£133.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is near the average (50 days)

59 days - Maritime Transport Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (29 days)

21 days - Maritime Transport Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (1 days)

0 days - Maritime Transport Limited

1 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (14 weeks)

29 weeks - Maritime Transport Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 53.4%, this is a lower level of debt than the average (59.5%)

53.4% - Maritime Transport Limited

59.5% - Industry AVG

MARITIME TRANSPORT LIMITED financials

EXPORTms excel logo

Maritime Transport Limited's latest turnover from December 2023 is £404.3 million and the company has net assets of £125.5 million. According to their latest financial statements, Maritime Transport Limited has 2,855 employees and maintains cash reserves of £48.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover404,348,000482,304,000416,023,000323,289,000328,736,000304,877,000253,730,000224,593,000198,304,000162,800,000133,554,000130,744,000121,313,000108,028,72769,278,281
Other Income Or Grants000000000000000
Cost Of Sales298,184,000355,582,000310,999,000257,358,000266,623,000250,146,000205,613,000179,827,000157,623,000128,668,000109,032,000106,185,00098,746,00088,106,82155,102,598
Gross Profit106,164,000126,722,000105,024,00065,931,00062,113,00054,731,00048,117,00044,766,00040,681,00034,132,00024,522,00024,559,00022,567,00019,921,90614,175,683
Admin Expenses85,969,00085,132,00075,535,00051,144,00051,198,00045,390,00040,063,00036,877,00033,320,00029,545,00020,576,00020,506,00019,706,00018,563,85713,437,550
Operating Profit20,195,00041,590,00029,489,00014,787,00010,915,0009,341,0008,054,0007,889,0007,361,0004,587,0003,946,0004,053,0002,861,0001,358,049738,133
Interest Payable2,015,0001,737,0001,159,0001,445,0001,478,0001,219,0001,367,0002,021,0002,015,0001,525,0001,121,0001,523,000729,000296,402239,390
Interest Receivable2,491,000291,00003,00002,00007,0007,0000002,0002813,488
Pre-Tax Profit20,671,00040,144,00028,330,00013,345,0009,437,0008,124,0006,687,0005,875,0005,353,0003,062,0002,825,0002,530,0002,134,0001,061,928502,231
Tax-5,448,000-7,352,000-5,561,000-2,925,000-2,084,000-2,048,000-1,672,000-1,422,000-1,562,000-208,000-669,000-609,000-695,000343,203-184,913
Profit After Tax15,223,00032,792,00022,769,00010,420,0007,353,0006,076,0005,015,0004,453,0003,791,0002,854,0002,156,0001,921,0001,439,0001,405,131317,318
Dividends Paid000000000000000
Retained Profit15,223,00032,792,00022,769,00010,420,0007,353,0006,076,0005,015,0004,453,0003,791,0002,854,0002,156,0001,921,0001,439,0001,405,131317,318
Employee Costs152,764,000155,010,000146,157,000123,611,000118,052,000107,305,00090,674,00079,345,00073,159,00053,771,00041,329,00039,196,00036,600,00035,944,95423,724,645
Number Of Employees2,8552,9202,7622,6112,6202,4572,0252,0211,8831,3671,1341,042982905612
EBITDA*50,925,00065,504,00054,218,00035,042,00029,646,00034,015,00029,340,00028,032,00025,693,00018,403,00015,709,00015,329,00013,100,0008,600,2454,984,284

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets133,992,000140,816,000116,546,00097,874,000106,753,00089,755,00090,600,00095,110,000101,990,00084,226,00045,984,00041,832,00045,778,00036,931,08915,805,311
Intangible Assets588,000674,000760,0001,046,00000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets134,580,000141,490,000117,306,00098,920,000106,753,00089,755,00090,600,00095,110,000101,990,00084,226,00045,984,00041,832,00045,778,00036,931,08915,805,311
Stock & work in progress716,000672,000455,000636,000469,000383,000586,000503,000381,000280,000287,000495,000434,000103,576265,196
Trade Debtors65,781,00065,508,00062,471,00053,579,00048,279,00041,919,00036,388,00039,376,00031,669,00030,570,00018,193,00017,559,00013,398,0008,299,1476,614,626
Group Debtors00010,763,00012,209,0004,575,0000631,000560,0001,824,00002,189,0008,488,0001,807,9810
Misc Debtors19,799,00021,834,00019,130,00016,364,00013,285,00012,605,00012,018,0005,035,00012,272,0009,186,0007,083,0005,169,0005,882,0006,286,9443,132,116
Cash48,196,00058,025,00067,798,00011,910,0006,000287,0003,706,0002,830,0004,297,000820,0006,0003,0003,000159,1640
misc current assets000000000000000
total current assets134,492,000146,039,000149,854,00093,252,00074,248,00059,769,00052,698,00048,375,00049,179,00042,680,00025,569,00025,415,00028,205,00016,656,81210,011,938
total assets269,072,000287,529,000267,160,000192,172,000181,001,000149,524,000143,298,000143,485,000151,169,000126,906,00071,553,00067,247,00073,983,00053,587,90125,817,249
Bank overdraft000017,493,00006,797,000008,187,0004,216,00012,438,0004,875,000670,271122,332
Bank loan1,333,0001,333,0001,333,0001,333,000014,620,00007,500,0001,111,000000000
Trade Creditors 17,613,00015,887,00015,656,00016,561,00016,201,00014,370,00014,423,00011,443,00014,174,00011,171,0008,551,0008,109,0006,526,0008,457,8313,355,940
Group/Directors Accounts10,238,00014,894,00031,578,0001,0001,0001,00011,310,00014,973,00018,981,00014,268,000719,00005,727,0004,576,264543,111
other short term finances000000000000000
hp & lease commitments22,086,00024,203,00020,148,00019,878,00021,851,00021,474,00021,376,00020,012,00018,473,00011,494,0007,427,00012,866,00015,235,0007,520,2021,655,230
other current liabilities34,752,00050,132,00058,391,00043,447,00031,079,00026,283,00024,336,00021,875,00018,182,00019,203,00011,384,00013,184,00014,427,00010,582,94311,339,622
total current liabilities86,022,000106,449,000127,106,00081,220,00086,625,00076,748,00078,242,00075,803,00070,921,00064,323,00032,297,00046,597,00046,790,00031,807,51117,016,235
loans14,111,00015,444,00016,778,00018,111,00000007,500,0008,611,0009,722,0000000
hp & lease commitments36,159,00050,672,00045,215,00038,156,00050,111,00035,864,00034,220,00041,128,00050,884,00036,057,00014,386,0007,282,00015,072,00011,842,3960
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions7,311,0004,718,000607,0000000733,000496,000338,000425,000801,0001,475,000730,364998,515
total long term liabilities57,581,00070,834,00062,600,00056,267,00050,111,00035,864,00034,220,00041,861,00058,880,00045,006,00024,533,0008,083,00016,547,00012,572,760998,515
total liabilities143,603,000177,283,000189,706,000137,487,000136,736,000112,612,000112,462,000117,664,000129,801,000109,329,00056,830,00054,680,00063,337,00044,380,27118,014,750
net assets125,469,000110,246,00077,454,00054,685,00044,265,00036,912,00030,836,00025,821,00021,368,00017,577,00014,723,00012,567,00010,646,0009,207,6307,802,499
total shareholders funds125,469,000110,246,00077,454,00054,685,00044,265,00036,912,00030,836,00025,821,00021,368,00017,577,00014,723,00012,567,00010,646,0009,207,6307,802,499
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit20,195,00041,590,00029,489,00014,787,00010,915,0009,341,0008,054,0007,889,0007,361,0004,587,0003,946,0004,053,0002,861,0001,358,049738,133
Depreciation30,644,00023,828,00024,443,00020,189,00018,731,00024,674,00021,286,00020,143,00018,332,00013,816,00011,763,00011,276,00010,239,0007,242,1964,246,151
Amortisation86,00086,000286,00066,00000000000000
Tax-5,448,000-7,352,000-5,561,000-2,925,000-2,084,000-2,048,000-1,672,000-1,422,000-1,562,000-208,000-669,000-609,000-695,000343,203-184,913
Stock44,000217,000-181,000167,00086,000-203,00083,000122,000101,000-7,000-208,00061,000330,424-161,620265,196
Debtors-1,762,0005,741,000895,0006,933,00014,674,00010,693,0003,364,000541,0002,921,00016,304,000359,000-2,851,00011,373,9286,647,3309,746,742
Creditors1,726,000231,000-905,000360,0001,831,000-53,0002,980,000-2,731,0003,003,0002,620,000442,0001,583,000-1,931,8315,101,8913,355,940
Accruals and Deferred Income-15,380,000-8,259,00014,944,00012,368,0004,796,0001,947,0002,461,0003,693,000-1,021,0007,819,000-1,800,000-1,243,0003,844,057-756,67911,339,622
Deferred Taxes & Provisions2,593,0004,111,000607,000000-733,000237,000158,000-87,000-376,000-674,000744,636-268,151998,515
Cash flow from operations36,134,00048,277,00062,589,00037,745,00019,429,00023,371,00028,929,00027,146,00023,249,00012,250,00013,155,00017,176,0003,357,5106,534,79910,481,510
Investing Activities
capital expenditure-23,820,000-48,098,000-43,115,000-12,422,000-35,729,000-23,829,000-16,776,000-13,263,000-36,096,000-52,058,000-15,915,000-7,330,000-19,085,911-28,367,974-20,051,462
Change in Investments000000000000000
cash flow from investments-23,820,000-48,098,000-43,115,000-12,422,000-35,729,000-23,829,000-16,776,000-13,263,000-36,096,000-52,058,000-15,915,000-7,330,000-19,085,911-28,367,974-20,051,462
Financing Activities
Bank loans0001,333,000-14,620,00014,620,000-7,500,0006,389,0001,111,000000000
Group/Directors Accounts-4,656,000-16,684,00031,577,00000-11,309,000-3,663,000-4,008,0004,713,00013,549,000719,000-5,727,0001,150,7364,033,153543,111
Other Short Term Loans 000000000000000
Long term loans-1,333,000-1,334,000-1,333,00018,111,000000-7,500,000-1,111,000-1,111,0009,722,0000000
Hire Purchase and Lease Commitments-16,630,0009,512,0007,329,000-13,928,00014,624,0001,742,000-5,544,000-8,217,00021,806,00025,738,0001,665,000-10,159,00010,944,40217,707,3681,655,230
other long term liabilities000000000000000
share issue000000000000-63007,485,181
interest476,000-1,446,000-1,159,000-1,442,000-1,478,000-1,217,000-1,367,000-2,014,000-2,008,000-1,525,000-1,121,000-1,523,000-727,000-296,121-235,902
cash flow from financing-22,143,000-9,952,00036,414,0004,074,000-1,474,0003,836,000-18,074,000-15,350,00024,511,00036,651,00010,985,000-17,409,00011,367,50821,444,4009,447,620
cash and cash equivalents
cash-9,829,000-9,773,00055,888,00011,904,000-281,000-3,419,000876,000-1,467,0003,477,000814,0003,0000-156,164159,1640
overdraft000-17,493,00017,493,000-6,797,0006,797,0000-8,187,0003,971,000-8,222,0007,563,0004,204,729547,939122,332
change in cash-9,829,000-9,773,00055,888,00029,397,000-17,774,0003,378,000-5,921,000-1,467,00011,664,000-3,157,0008,225,000-7,563,000-4,360,893-388,775-122,332

maritime transport 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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Maritime Transport Limited Competitor Analysis

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Perform a competitor analysis for maritime transport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in IP11 area or any other competitors across 12 key performance metrics.

maritime transport limited Ownership

MARITIME TRANSPORT LIMITED group structure

Maritime Transport Limited has no subsidiary companies.

Ultimate parent company

1 parent

MARITIME TRANSPORT LIMITED

01160595

MARITIME TRANSPORT LIMITED Shareholders

maritime group ltd 100%

maritime transport limited directors

Maritime Transport Limited currently has 10 directors. The longest serving directors include Mr Andrew McNab (Dec 2001) and Mr Simon Smart (Jan 2005).

officercountryagestartendrole
Mr Andrew McNab59 years Dec 2001- Director
Mr Simon SmartUnited Kingdom57 years Jan 2005- Director
Mr Richard LondEngland54 years Sep 2011- Director
Mr Thomas Williams36 years Feb 2017- Director
Mr Alexander Williams39 years Jul 2019- Director
Mr James Andrews44 years Jul 2019- Director
Mr John Bailey48 years Jan 2020- Director
Mr Paul Heyhoe58 years Jan 2020- Director
Mr Shaun McConnell50 years Jan 2021- Director
Mr Matthew Heath52 years Jan 2022- Director

P&L

December 2023

turnover

404.3m

-16%

operating profit

20.2m

-51%

gross margin

26.3%

-0.07%

turnover

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

Balance Sheet

December 2023

net assets

125.5m

+0.14%

total assets

269.1m

-0.06%

cash

48.2m

-0.17%

net assets

Total assets minus all liabilities

maritime transport limited company details

company number

01160595

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

February 1974

age

50

incorporated

UK

accounts

Full Accounts

ultimate parent company

previous names

maritime haulage limited (September 2001)

paul magnus holdings limited (September 1990)

last accounts submitted

December 2023

address

maritime house, clickett hill road, felixstowe, suffolk ip11 4ax, IP11 2QE

accountant

-

auditor

BLICK ROTHENBERG AUDIT LLP

maritime transport 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 maritime transport limited. Currently there are 4 open charges and 14 have been satisfied in the past.

charges

maritime transport limited Companies House Filings - See Documents

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