ships electronic services limited
ships electronic services limited Company Information
Company Number
01165320
Next Accounts
Sep 2025
Shareholders
wartsila uk ltd
Group Structure
View All
Industry
Repair of electronic and optical equipment
+1Registered Address
spinnaker house, waterside gardens, fareham, PO16 8SD
Website
https://www.ses-marine.comships electronic services limited Estimated Valuation
Pomanda estimates the enterprise value of SHIPS ELECTRONIC SERVICES LIMITED at £3.5m based on a Turnover of £8.4m and 0.41x industry multiple (adjusted for size and gross margin).
ships electronic services limited Estimated Valuation
Pomanda estimates the enterprise value of SHIPS ELECTRONIC SERVICES LIMITED at £2.7m based on an EBITDA of £646.1k and a 4.14x industry multiple (adjusted for size and gross margin).
ships electronic services limited Estimated Valuation
Pomanda estimates the enterprise value of SHIPS ELECTRONIC SERVICES LIMITED at £8.5m based on Net Assets of £4.4m and 1.95x industry multiple (adjusted for liquidity).
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Ships Electronic Services Limited Overview
Ships Electronic Services Limited is a live company located in fareham, PO16 8SD with a Companies House number of 01165320. It operates in the repair of electronic and optical equipment sector, SIC Code 33130. Founded in April 1974, it's largest shareholder is wartsila uk ltd with a 100% stake. Ships Electronic Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.4m with healthy growth in recent years.
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Ships Electronic Services Limited Health Check
Pomanda's financial health check has awarded Ships Electronic Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £8.4m, make it larger than the average company (£4.6m)
£8.4m - Ships Electronic Services Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.1%)
5% - Ships Electronic Services Limited
7.1% - Industry AVG
Production
with a gross margin of 26.6%, this company has a comparable cost of product (32.1%)
26.6% - Ships Electronic Services Limited
32.1% - Industry AVG
Profitability
an operating margin of 7% make it more profitable than the average company (4.7%)
7% - Ships Electronic Services Limited
4.7% - Industry AVG
Employees
with 25 employees, this is above the industry average (20)
25 - Ships Electronic Services Limited
20 - Industry AVG
Pay Structure
on an average salary of £87.7k, the company has a higher pay structure (£51.1k)
£87.7k - Ships Electronic Services Limited
£51.1k - Industry AVG
Efficiency
resulting in sales per employee of £337.8k, this is more efficient (£229.4k)
£337.8k - Ships Electronic Services Limited
£229.4k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (43 days)
53 days - Ships Electronic Services Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (30 days)
30 days - Ships Electronic Services Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 77 days, this is more than average (55 days)
77 days - Ships Electronic Services Limited
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (24 weeks)
10 weeks - Ships Electronic Services Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.3%, this is a lower level of debt than the average (60.8%)
20.3% - Ships Electronic Services Limited
60.8% - Industry AVG
SHIPS ELECTRONIC SERVICES LIMITED financials
Ships Electronic Services Limited's latest turnover from December 2023 is £8.4 million and the company has net assets of £4.4 million. According to their latest financial statements, Ships Electronic Services Limited has 25 employees and maintains cash reserves of £214.6 thousand 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 | 8,443,820 | 7,555,631 | 7,697,528 | 7,396,469 | 8,436,857 | 8,073,594 | 6,120,905 | 5,689,085 | 5,455,184 | 4,785,268 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 6,201,549 | 5,649,393 | 5,649,228 | 5,580,018 | 6,516,100 | 5,971,935 | 4,719,665 | 4,240,968 | 4,012,738 | 3,453,315 | |||||
| Gross Profit | 2,242,271 | 1,906,238 | 2,048,300 | 1,816,451 | 1,920,757 | 2,101,659 | 1,401,240 | 1,448,117 | 1,442,446 | 1,331,953 | |||||
| Admin Expenses | 1,655,387 | 1,429,924 | 1,355,929 | 1,373,604 | 1,542,352 | 1,386,571 | 1,145,134 | 1,142,966 | 1,079,543 | 1,014,048 | |||||
| Operating Profit | 586,884 | 476,314 | 692,371 | 442,847 | 378,405 | 715,088 | 256,106 | 305,151 | 362,903 | 317,905 | |||||
| Interest Payable | 163 | 2 | 220 | 9,060 | 11,032 | 9,343 | 12,535 | ||||||||
| Interest Receivable | 106,334 | 23,002 | 395 | 1,076 | 1,062 | 215 | 97 | 109 | 74 | 82 | |||||
| Pre-Tax Profit | 928,790 | 499,314 | 692,546 | 443,923 | 379,467 | 715,303 | 247,143 | 294,214 | 353,450 | 305,452 | |||||
| Tax | -173,395 | -94,869 | -131,614 | -85,846 | -73,666 | -140,554 | -25,719 | -61,898 | -68,984 | -81,137 | |||||
| Profit After Tax | 755,395 | 404,445 | 560,932 | 358,077 | 305,801 | 574,749 | 221,424 | 232,316 | 284,466 | 224,315 | |||||
| Dividends Paid | 84,314 | 424,634 | 90,235 | 412,949 | |||||||||||
| Retained Profit | 755,395 | 404,445 | 560,932 | 358,077 | 221,487 | 150,115 | 131,189 | 232,316 | 284,466 | -188,634 | |||||
| Employee Costs | 2,191,967 | 1,895,834 | 1,893,560 | 1,950,942 | 1,993,110 | 1,707,108 | 984,297 | 934,194 | |||||||
| Number Of Employees | 25 | 29 | 27 | 31 | 37 | 37 | 37 | 39 | 46 | 31 | 30 | ||||
| EBITDA* | 646,147 | 499,161 | 722,758 | 471,056 | 418,084 | 761,297 | 297,299 | 349,757 | 403,358 | 344,519 |
* 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 | 19,944 | 31,690 | 53,425 | 42,244 | 57,278 | 87,673 | 112,546 | 48,570 | 58,670 | 64,532 | 64,229 | 71,306 | 55,046 | 62,822 | 61,974 |
| Intangible Assets | 2,000 | 4,400 | 6,802 | 9,202 | 12,914 | 3,246 | 5,178 | 10,782 | 20,126 | 14,712 | 20,232 | 25,752 | |||
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | ||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 19,945 | 31,691 | 53,426 | 44,245 | 61,679 | 94,476 | 121,749 | 61,485 | 61,918 | 69,710 | 75,011 | 91,432 | 69,758 | 83,054 | 87,726 |
| Stock & work in progress | 1,324,455 | 1,033,712 | 964,747 | 1,509,648 | 918,798 | 896,712 | 823,134 | 802,075 | 884,528 | 893,291 | 883,900 | 729,281 | 603,194 | 693,819 | 352,441 |
| Trade Debtors | 1,238,915 | 1,338,990 | 1,183,958 | 1,435,703 | 1,652,212 | 1,583,732 | 1,450,544 | 1,249,826 | 1,390,086 | 1,663,946 | 1,967,324 | 1,200,599 | 1,365,179 | 838,943 | 616,234 |
| Group Debtors | 2,615,260 | 1,850,000 | 1,656,841 | 21,901 | 94,162 | 132,043 | 85,243 | ||||||||
| Misc Debtors | 71,961 | 43,388 | 74,287 | 78,396 | 96,201 | 157,314 | 133,797 | 153,898 | 163,423 | 158,946 | 111,795 | 95,186 | 105,806 | ||
| Cash | 214,576 | 233,872 | 162,820 | 930,558 | 814,635 | 433,770 | 455,774 | 255,962 | 299,039 | 69,179 | 33,201 | 128,320 | 185,351 | 119,623 | 118,401 |
| misc current assets | |||||||||||||||
| total current assets | 5,465,167 | 4,499,962 | 4,042,653 | 3,976,206 | 3,481,846 | 3,165,690 | 2,995,292 | 2,547,004 | 2,737,076 | 2,626,416 | 2,884,425 | 2,217,146 | 2,265,519 | 1,747,571 | 1,192,882 |
| total assets | 5,485,112 | 4,531,653 | 4,096,079 | 4,020,451 | 3,543,525 | 3,260,166 | 3,117,041 | 2,608,489 | 2,798,994 | 2,696,126 | 2,959,436 | 2,308,578 | 2,335,277 | 1,830,625 | 1,280,608 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 511,649 | 371,539 | 378,001 | 835,741 | 506,145 | 510,263 | 591,383 | 483,636 | 477,695 | 1,293,912 | 1,830,352 | 675,386 | 623,314 | 520,315 | 269,598 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 589,341 | 536,990 | 499,399 | 526,963 | 737,077 | 665,660 | 589,675 | 531,698 | 640,334 | 455,525 | 664,803 | 451,741 | 412,157 | ||
| total current liabilities | 1,100,990 | 908,529 | 877,400 | 1,362,704 | 1,243,222 | 1,175,923 | 1,181,058 | 1,015,334 | 1,118,029 | 1,293,912 | 1,830,352 | 1,130,911 | 1,288,117 | 972,056 | 681,755 |
| loans | 49,500 | 74,250 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 12,667 | 7,064 | 7,064 | 7,064 | 7,697 | 13,124 | 14,979 | 4,090 | 5,097 | 6,160 | 4,830 | 5,092 | 5,774 | ||
| total long term liabilities | 12,667 | 7,064 | 7,064 | 7,064 | 7,697 | 13,124 | 14,979 | 4,090 | 5,097 | 6,160 | 4,830 | 5,092 | 5,774 | 49,500 | 74,250 |
| total liabilities | 1,113,657 | 915,593 | 884,464 | 1,369,768 | 1,250,919 | 1,189,047 | 1,196,037 | 1,019,424 | 1,123,126 | 1,300,072 | 1,835,182 | 1,136,003 | 1,293,891 | 1,021,556 | 756,005 |
| net assets | 4,371,455 | 3,616,060 | 3,211,615 | 2,650,683 | 2,292,606 | 2,071,119 | 1,921,004 | 1,589,065 | 1,675,868 | 1,396,054 | 1,124,254 | 1,172,575 | 1,041,386 | 809,069 | 524,603 |
| total shareholders funds | 4,371,455 | 3,616,060 | 3,211,615 | 2,650,683 | 2,292,606 | 2,071,119 | 1,921,004 | 1,589,065 | 1,675,868 | 1,396,054 | 1,124,254 | 1,172,575 | 1,041,386 | 809,069 | 524,603 |
| 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 | 586,884 | 476,314 | 692,371 | 442,847 | 378,405 | 715,088 | 256,106 | 305,151 | 362,903 | 317,905 | |||||
| Depreciation | 59,263 | 22,847 | 28,387 | 25,809 | 37,277 | 43,809 | 40,408 | 34,274 | 36,865 | 37,666 | 38,904 | 34,679 | 39,086 | 34,935 | 24,721 |
| Amortisation | 2,000 | 2,400 | 2,402 | 2,400 | 3,712 | 2,332 | 1,932 | 5,604 | 7,090 | 6,514 | 5,520 | 5,520 | 1,893 | ||
| Tax | -173,395 | -94,869 | -131,614 | -85,846 | -73,666 | -140,554 | -25,719 | -61,898 | -68,984 | -81,137 | |||||
| Stock | 290,743 | 68,965 | -544,901 | 590,850 | 22,086 | 73,578 | 21,059 | -82,453 | -8,763 | 9,391 | 154,619 | 126,087 | -90,625 | 341,378 | 352,441 |
| Debtors | 693,758 | 317,292 | 1,379,086 | -212,413 | -86,795 | 118,824 | 227,417 | -64,542 | -110,437 | -303,378 | 607,779 | -117,429 | 542,845 | 212,089 | 722,040 |
| Creditors | 140,110 | -6,462 | -457,740 | 329,596 | -4,118 | -81,120 | 107,747 | 5,941 | -816,217 | -536,440 | 1,154,966 | 52,072 | 102,999 | 250,717 | 269,598 |
| Accruals and Deferred Income | 52,351 | 37,591 | -27,564 | -210,114 | 71,417 | 75,985 | 57,977 | -108,636 | 640,334 | -455,525 | -209,278 | 213,062 | 39,584 | 412,157 | |
| Deferred Taxes & Provisions | 5,603 | -633 | -5,427 | -1,855 | 10,889 | -1,007 | -1,063 | 1,330 | -262 | -682 | 5,774 | ||||
| Cash flow from operations | -313,685 | 49,164 | -728,345 | 125,622 | 470,999 | 421,351 | 105,034 | 157,474 | 71,208 | -129,344 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | -35,967 | 327,551 | |||||||||||||
| Change in Investments | -1 | 2 | |||||||||||||
| cash flow from investments | -35,967 | 327,551 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -49,500 | -24,750 | 74,250 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 106,171 | 23,000 | 175 | 1,076 | 1,062 | 215 | -8,963 | -10,923 | -9,269 | -12,453 | |||||
| cash flow from financing | 106,171 | 23,000 | 175 | 1,076 | 1,062 | 215 | -8,963 | -60,422 | -34,019 | 775,034 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -19,296 | 71,052 | -767,738 | 115,923 | 380,865 | -22,004 | 199,812 | -43,077 | 229,860 | 35,978 | -95,119 | -57,031 | 65,728 | 1,222 | 118,401 |
| overdraft | |||||||||||||||
| change in cash | -19,296 | 71,052 | -767,738 | 115,923 | 380,865 | -22,004 | 199,812 | -43,077 | 229,860 | 35,978 | -95,119 | -57,031 | 65,728 | 1,222 | 118,401 |
ships electronic services limited Credit Report and Business Information
Ships Electronic Services Limited Competitor Analysis
Perform a competitor analysis for ships electronic services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in PO16 area or any other competitors across 12 key performance metrics.
ships electronic services limited Ownership
SHIPS ELECTRONIC SERVICES LIMITED group structure
Ships Electronic Services Limited has 1 subsidiary company.
Ultimate parent company
WARTSILA OYJ ABP
#0114739
2 parents
SHIPS ELECTRONIC SERVICES LIMITED
01165320
1 subsidiary
ships electronic services limited directors
Ships Electronic Services Limited currently has 6 directors. The longest serving directors include Mr Jonas Nielsen (Aug 2020) and Ms Anne Traskback (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonas Nielsen | England | 41 years | Aug 2020 | - | Director |
| Ms Anne Traskback | England | 49 years | Aug 2020 | - | Director |
| Mr John O'Neill | England | 55 years | Mar 2022 | - | Director |
| Mr Thomas Heldarskard-Winnerskjold | Denmark | 46 years | Mar 2022 | - | Director |
| Mr Petri Karisto | England | 43 years | Jun 2023 | - | Director |
| Mr Mark Brook | England | 55 years | Dec 2024 | - | Director |
P&L
December 2023turnover
8.4m
+12%
operating profit
586.9k
+23%
gross margin
26.6%
+5.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.4m
+0.21%
total assets
5.5m
+0.21%
cash
214.6k
-0.08%
net assets
Total assets minus all liabilities
Similar Companies
ships electronic services limited company details
company number
01165320
Type
Private limited with Share Capital
industry
33130 - Repair of electronic and optical equipment
47990 - Other retail sale not in stores, stalls or markets
incorporation date
April 1974
age
51
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BARNES ROFFE LLP
address
spinnaker house, waterside gardens, fareham, PO16 8SD
Bank
-
Legal Advisor
-
ships electronic services 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 3 charges/mortgages relating to ships electronic services limited. Currently there are 1 open charges and 2 have been satisfied in the past.
ships electronic services 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.
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ships electronic services limited Companies House Filings - See Documents
| date | description | view/download |
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