Marine Technologists Limited

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marine technologists limited Company Information

Live (In Liquidation)

MatureMidHigh

Company Number

01519890

Website

Registered Address

suite 44 dunston house, dunston road, chesterfield, S41 9QD

Industry

Hotels and similar accommodation

Telephone

Next Accounts Due

16 days late

Group Structure

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Directors

Joseph Mullen32 Years

Shareholders

joseph patrick mullen 100%

marine technologists limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of MARINE TECHNOLOGISTS LIMITED at £8.1m based on a Turnover of £7.3m and 1.11x industry multiple (adjusted for size and gross margin).

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Marine Technologists Limited is a live company located in chesterfield, S41 9QD with a Companies House number of 01519890. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in October 1980, it's largest shareholder is joseph patrick mullen with a 100% stake. Marine Technologists Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with high growth in recent years.

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Pomanda's financial health check has awarded Marine Technologists Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £7.3m, make it larger than the average company (£3.3m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (-9.9%)

EXPORT

Marine Technologists Limited's latest turnover from August 2022 is estimated at £7.3 million and the company has net assets of £430.2 thousand. According to their latest financial statements, we estimate that Marine Technologists Limited has 88 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	7,280,084	1,977,961	2,714,360	3,725,589	2,939,709	2,842,533	48,727	42,203	73,490	63,827	96,319	160,844	139,079
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,297,051	1,500,998	1,561,981	2,091,140	1,651,093	1,585,251	27,286	23,459	41,472	36,852	55,753	90,281	79,272
Gross Profit	2,983,033	476,963	1,152,379	1,634,448	1,288,616	1,257,282	21,440	18,744	32,018	26,975	40,567	70,563	59,806
Admin Expenses	3,701,598	550,265	1,197,381	1,764,957	1,329,985	1,312,414	-60,413	59,246	123,125	-92,192	103,051	129,762	-2,139,707
Operating Profit	-718,565	-73,302	-45,002	-130,509	-41,369	-55,132	81,853	-40,502	-91,107	119,167	-62,484	-59,199	2,199,513
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	541	1,548	993	1,275	1,254	1,027	1,158	637
Pre-Tax Profit	-718,565	-73,302	-45,002	-130,509	-41,369	-54,591	83,401	-39,509	-89,832	120,421	-61,457	-58,041	2,200,150
Tax	0	0	0	0	0	0	-16,680	0	0	-28,901	0	0	-616,042
Profit After Tax	-718,565	-73,302	-45,002	-130,509	-41,369	-54,591	66,721	-39,509	-89,832	91,520	-61,457	-58,041	1,584,108
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-718,565	-73,302	-45,002	-130,509	-41,369	-54,591	66,721	-39,509	-89,832	91,520	-61,457	-58,041	1,584,108
Employee Costs	1,820,475	676,737	515,630	744,654	564,871	566,733	17,085	16,107	15,605	15,161	30,771	45,871	30,365
Number Of Employees	88	36	27	40	32	33	1	1	1	1	2	3	2
EBITDA*	-718,565	-73,302	-45,002	-130,509	-41,369	-55,132	97,922	-30,775	-80,936	132,636	-26,214	-16,119	2,256,692

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	0	1,203,998	1,238,135	1,275,900	1,248,615	1,288,753	1,077,930	1,277,436	1,264,527	1,272,797	1,291,576	1,319,634	1,366,857
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	3,208	3,900
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	1,203,998	1,238,135	1,275,900	1,248,615	1,288,753	1,077,930	1,277,436	1,264,527	1,272,797	1,291,576	1,322,842	1,370,757
Stock & work in progress	0	0	0	0	0	0	858	314	277	289	348	679	832
Trade Debtors	535,804	92,943	143,392	198,908	160,481	160,001	2,718	2,428	4,768	4,003	6,040	11,263	9,324
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	401	0	1,774	3,692	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	432,451	186,676	210,696	299,439	202,165	208,616	254,748
misc current assets	0	0	0	493	0	0	0	0	0	0	0	0	0
total current assets	535,804	92,943	143,793	199,401	162,255	163,693	436,027	189,418	215,741	303,731	208,553	220,558	264,904
total assets	535,804	1,296,941	1,381,928	1,475,301	1,410,870	1,452,446	1,513,957	1,466,854	1,480,268	1,576,528	1,500,129	1,543,400	1,635,661
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	105,632	147,254	155,683	204,122	13,320	13,527	16,447	36,065	9,970	16,398	31,519	13,333	47,553
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	105,632	147,254	155,683	204,122	13,320	13,527	16,447	36,065	9,970	16,398	31,519	13,333	47,553
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	950	4,206	4,138	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	950	4,206	4,138	0	0	0	0	0	0	0	0	0
total liabilities	105,632	148,204	159,889	208,260	13,320	13,527	16,447	36,065	9,970	16,398	31,519	13,333	47,553
net assets	430,172	1,148,737	1,222,039	1,267,041	1,397,550	1,438,919	1,497,510	1,430,789	1,470,298	1,560,130	1,468,610	1,530,067	1,588,108
total shareholders funds	430,172	1,148,737	1,222,039	1,267,041	1,397,550	1,438,919	1,497,510	1,430,789	1,470,298	1,560,130	1,468,610	1,530,067	1,588,108

	Aug 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-718,565	-73,302	-45,002	-130,509	-41,369	-55,132	81,853	-40,502	-91,107	119,167	-62,484	-59,199	2,199,513
Depreciation	0	0	0	0	0	0	16,069	9,727	10,171	13,469	36,270	43,080	57,179
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-16,680	0	0	-28,901	0	0	-616,042
Stock	0	0	0	0	0	-858	544	37	-12	-59	-331	-153	832
Debtors	442,861	-50,850	-55,115	36,653	-1,438	160,975	290	-2,340	765	-2,037	-5,223	1,939	9,324
Creditors	-41,622	-8,429	-48,439	190,802	-207	-2,920	-19,618	26,095	-6,428	-15,121	18,186	-34,220	47,553
Accruals and Deferred Income	-950	-3,256	68	4,138	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,203,998	-34,137	-38,258	27,778	-40,138	-218,169	60,790	-2,377	-88,117	90,710	-2,474	-52,125	1,678,047
Investing Activities
capital expenditure	1,203,998	34,137	37,765	-27,285	40,138	-210,823	183,437	-22,636	-1,901	5,310	-5,004	4,835	-1,427,936
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,203,998	34,137	37,765	-27,285	40,138	-210,823	183,437	-22,636	-1,901	5,310	-5,004	4,835	-1,427,936
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-4,000	0	0	0	0	0	0	4,000
interest	0	0	0	0	0	541	1,548	993	1,275	1,254	1,027	1,158	637
cash flow from financing	0	0	0	0	0	-3,459	1,548	993	1,275	1,254	1,027	1,158	4,637
cash and cash equivalents
cash	0	0	0	0	0	-432,451	245,775	-24,020	-88,743	97,274	-6,451	-46,132	254,748
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-432,451	245,775	-24,020	-88,743	97,274	-6,451	-46,132	254,748

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARINE TECHNOLOGISTS LIMITED group structure

Marine Technologists Limited has no subsidiary companies.

Ultimate parent company

MARINE TECHNOLOGISTS LIMITED

01519890

MARINE TECHNOLOGISTS LIMITED Shareholders

joseph patrick mullen

100%

Marine Technologists Limited currently has 1 director, Mr Joseph Mullen serving since Apr 1992.

officer	country	age	start	end	role
Mr Joseph Mullen		76 years	Apr 1992	-	Director

P&L

August 2022

turnover

7.3m

+268%

operating profit

-718.6k

gross margin

41%

+69.92%

turnover

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

Balance Sheet

August 2022

net assets

430.2k

-0.63%

total assets

535.8k

-0.59%

cash

net assets

Total assets minus all liabilities

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company number

01519890

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

October 1980

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

suite 44 dunston house, dunston road, chesterfield, S41 9QD

last accounts submitted

August 2022

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 1 charges/mortgages relating to marine technologists limited. Currently there are 0 open charges and 1 have been satisfied in the past.

marine technologists limited Company Information

marine technologists limited Estimated Valuation

marine technologists limited Estimated Valuation

marine technologists limited Estimated Valuation

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