seahawk marine foods limited

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seahawk marine foods limited Company Information

Share SEAHAWK MARINE FOODS LIMITED

Company Number

01609254

Shareholders

derek michael golding

keith maguire

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Group Structure

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Industry

Wholesale of other food, including fish, crustaceans and molluscs

 

Registered Address

broadleigh house, woodmarsh, north bradley, trowbridge wiltshire, BA14 0SA

seahawk marine foods limited Estimated Valuation

£28.3m

Pomanda estimates the enterprise value of SEAHAWK MARINE FOODS LIMITED at £28.3m based on a Turnover of £46.6m and 0.61x industry multiple (adjusted for size and gross margin).

seahawk marine foods limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of SEAHAWK MARINE FOODS LIMITED at £5.9m based on an EBITDA of £795.8k and a 7.39x industry multiple (adjusted for size and gross margin).

seahawk marine foods limited Estimated Valuation

£11.8m

Pomanda estimates the enterprise value of SEAHAWK MARINE FOODS LIMITED at £11.8m based on Net Assets of £5.5m and 2.15x industry multiple (adjusted for liquidity).

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Seahawk Marine Foods Limited Overview

Seahawk Marine Foods Limited is a live company located in north bradley, BA14 0SA with a Companies House number of 01609254. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in January 1982, it's largest shareholder is derek michael golding with a 42% stake. Seahawk Marine Foods Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.6m with healthy growth in recent years.

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Seahawk Marine Foods Limited Health Check

Pomanda's financial health check has awarded Seahawk Marine Foods 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 Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £46.6m, make it larger than the average company (£29.5m)

£46.6m - Seahawk Marine Foods Limited

£29.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (11%)

14% - Seahawk Marine Foods Limited

11% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a higher cost of product (14.1%)

11.2% - Seahawk Marine Foods Limited

14.1% - Industry AVG

profitability

Profitability

an operating margin of 1.6% make it less profitable than the average company (3%)

1.6% - Seahawk Marine Foods Limited

3% - Industry AVG

employees

Employees

with 39 employees, this is similar to the industry average (40)

39 - Seahawk Marine Foods Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.5k, the company has a higher pay structure (£44.3k)

£61.5k - Seahawk Marine Foods Limited

£44.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.2m, this is more efficient (£608.5k)

£1.2m - Seahawk Marine Foods Limited

£608.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 29 days, this is earlier than average (41 days)

29 days - Seahawk Marine Foods Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 33 days, this is slower than average (28 days)

33 days - Seahawk Marine Foods Limited

28 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 102 days, this is more than average (48 days)

102 days - Seahawk Marine Foods Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (7 weeks)

2 weeks - Seahawk Marine Foods Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.9%, this is a higher level of debt than the average (56.8%)

66.9% - Seahawk Marine Foods Limited

56.8% - Industry AVG

SEAHAWK MARINE FOODS LIMITED financials

EXPORTms excel logo

Seahawk Marine Foods Limited's latest turnover from March 2024 is £46.6 million and the company has net assets of £5.5 million. According to their latest financial statements, Seahawk Marine Foods Limited has 39 employees and maintains cash reserves of £441.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover46,605,21951,911,39545,966,87231,378,98241,835,52842,558,99539,139,76137,256,84333,353,22333,047,44032,842,03029,380,46228,786,75826,725,51024,396,761
Other Income Or Grants000000000000000
Cost Of Sales41,377,07846,081,41140,427,40628,019,08337,662,97038,421,68834,991,84633,277,11329,936,97430,201,79629,791,54326,499,16426,320,11224,360,84022,337,428
Gross Profit5,228,1415,829,9845,539,4663,359,8994,172,5584,137,3074,147,9153,979,7303,416,2492,845,6443,050,4872,881,2982,466,6462,364,6702,059,333
Admin Expenses4,465,7804,262,3563,618,7633,186,6503,821,5433,789,6473,846,9663,532,2802,863,5542,522,1142,576,5032,540,1402,371,4412,148,4521,959,248
Operating Profit762,3611,567,6281,920,703173,249351,015347,660300,949447,450552,695323,530473,984341,15895,205216,218100,085
Interest Payable001,6228122,2962,4873,2521,8322,1172,31519,10816,76521,21016,46613,280
Interest Receivable1484220496197000128000000
Pre-Tax Profit762,5091,568,0501,919,081172,933348,916345,173828,315445,618550,706321,215454,876324,39373,995199,75286,805
Tax-201,764-293,244-364,668-32,961-68,652-67,724-56,711-89,545-112,588-68,524-106,229-48,076-1,079-655-18,553
Profit After Tax560,7451,274,8061,554,413139,972280,264277,449771,604356,073438,118252,691348,647276,31772,916199,09768,252
Dividends Paid261,600259,312114,459134,6100135,316109,536105,584117,74096,40096,20061,60014,00012,00015,000
Retained Profit299,1451,015,4941,439,9545,362280,264142,133662,068250,489320,378156,291252,447214,71758,916187,09753,252
Employee Costs2,400,3172,279,9251,951,1421,738,1232,042,9872,022,0182,058,7321,910,7501,513,1061,488,8351,490,5561,485,4031,533,4921,392,9491,291,920
Number Of Employees393840434644444136363232322935
EBITDA*795,8431,598,9851,948,580203,304393,701392,654344,338505,478584,563338,226491,705357,590119,123243,253139,157

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets323,148332,003269,021289,536303,402343,206314,241323,305320,020123,313124,484125,068147,107140,343139,899
Intangible Assets000000000000000
Investments & Other000010010010000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets323,148332,003269,021289,536303,502343,306314,341323,305320,020123,313124,484125,068147,107140,343139,899
Stock & work in progress11,612,82012,185,77810,218,4146,958,7808,240,6707,090,3027,542,7628,113,3366,824,6766,526,7265,358,4475,136,3494,877,7694,996,7984,085,381
Trade Debtors3,733,6154,709,0744,875,2142,385,6693,545,7404,460,2083,395,3893,498,3582,811,2182,694,4433,628,3623,614,4493,843,2813,544,4543,551,322
Group Debtors000000000000000
Misc Debtors393,184371,383445,628267,309347,167347,827376,604335,043340,931340,372257,730260,321251,764266,142248,726
Cash441,251837,056286,206774,701612,184721,121305,749289,105336,389259,735192,254710,609269,943205,764154,141
misc current assets000000000000000
total current assets16,180,87018,103,29115,825,46210,386,45912,745,76112,619,45811,620,50412,235,84210,313,2149,821,2769,436,7939,721,7289,242,7579,013,1588,039,570
total assets16,504,01818,435,29416,094,48310,675,99513,049,26312,962,76411,934,84512,559,14710,633,2349,944,5899,561,2779,846,7969,389,8649,153,5018,179,469
Bank overdraft380,2520238,024311,007218,308293,852393,812387,742520,616302,119515,936833,141673,047753,257752,990
Bank loan000000000000000
Trade Creditors 3,809,4694,348,5673,967,0842,158,3222,494,1383,220,0472,429,3932,477,0293,038,8832,398,1612,325,7252,466,2043,256,2702,855,0802,188,201
Group/Directors Accounts0000100123,100123,100123,000200,000200,000200,000196,9678691,0121,012
other short term finances000000000000000
hp & lease commitments0012,65815,9233,2663,2663,4023,402000008,6999,490
other current liabilities6,811,9518,890,9057,708,3565,458,4387,587,9506,740,8976,555,1607,264,3934,835,3615,349,8324,983,6805,069,4064,396,1104,531,8804,403,256
total current liabilities11,001,67213,239,47211,926,1227,943,69010,303,76210,381,1629,504,86710,255,5668,594,8608,250,1128,025,3418,565,7188,326,2968,149,9287,354,949
loans000000000000000
hp & lease commitments000015,92319,18912,97916,3810000008,699
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions37,75730,37818,41122,30924,94432,76329,48231,13332,7969,2778,0275,6162,8231,7441,089
total long term liabilities37,75730,37818,41122,30940,86751,95242,46147,51432,7969,2778,0275,6162,8231,7449,788
total liabilities11,039,42913,269,85011,944,5337,965,99910,344,62910,433,1149,547,32810,303,0808,627,6568,259,3898,033,3688,571,3348,329,1198,151,6727,364,737
net assets5,464,5895,165,4444,149,9502,709,9962,704,6342,529,6502,387,5172,256,0672,005,5781,685,2001,527,9091,275,4621,060,7451,001,829814,732
total shareholders funds5,464,5895,165,4444,149,9502,709,9962,704,6342,529,6502,387,5172,256,0672,005,5781,685,2001,527,9091,275,4621,060,7451,001,829814,732
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit762,3611,567,6281,920,703173,249351,015347,660300,949447,450552,695323,530473,984341,15895,205216,218100,085
Depreciation33,48231,35727,87730,05542,68644,99443,38958,02831,86814,69617,72116,43223,91827,03539,072
Amortisation000000000000000
Tax-201,764-293,244-364,668-32,961-68,652-67,724-56,711-89,545-112,588-68,524-106,229-48,076-1,079-655-18,553
Stock-572,9581,967,3643,259,634-1,281,8901,150,368-452,460-570,5741,288,660297,9501,168,279222,098258,580-119,029911,4174,085,381
Debtors-953,658-240,3852,667,864-1,239,929-915,1281,036,042-61,408681,252117,334-851,27711,322-220,275284,44910,5483,800,048
Creditors-539,098381,4831,808,762-335,816-725,909790,654-47,636-561,854640,72272,436-140,479-790,066401,190666,8792,188,201
Accruals and Deferred Income-2,078,9541,182,5492,249,918-2,129,512847,053185,737-709,2332,429,032-514,471366,152-85,726673,296-135,770128,6244,403,256
Deferred Taxes & Provisions7,37911,967-3,898-2,635-7,8193,281-1,651-1,66323,5191,2502,4112,7931,0796551,089
Cash flow from operations-489,9781,154,761-288,804224,199203,134721,020161,089311,536206,461392,538-71,738157,232219,123116,791-1,172,279
Investing Activities
capital expenditure00000-77,366-163,838-57,601-228,575-10,763-17,1374,381-29,890-27,476-1,536
Change in Investments000-1000010000000000
cash flow from investments0001000-77,366-163,938-57,601-228,575-10,763-17,1374,381-29,890-27,476-1,536
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-100-123,0000100-77,000003,033196,098-14301,012
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments0-12,658-3,265-3,266-3,2666,074-3,40219,7830000-8,699-9,49018,189
other long term liabilities000000000000000
share issue0000-105,2800-530,618001,0000000761,480
interest148422-1,622-316-2,099-2,487-3,252-1,832-1,989-2,315-19,108-16,765-21,210-16,466-13,280
cash flow from financing148-12,236-4,887-3,682-233,6453,587-537,172-59,049-1,989-1,315-16,075179,333-30,052-25,956767,401
cash and cash equivalents
cash-395,805550,850-488,495162,517-108,937415,37216,644-47,28476,65467,481-518,355440,66664,17951,623154,141
overdraft380,252-238,024-72,98392,699-75,544-99,9606,070-132,874218,497-213,817-317,205160,094-80,210267752,990
change in cash-776,057788,874-415,51269,818-33,393515,33210,57485,590-141,843281,298-201,150280,572144,38951,356-598,849

seahawk marine foods limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Seahawk Marine Foods Limited Competitor Analysis

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Perform a competitor analysis for seahawk marine foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in BA14 area or any other competitors across 12 key performance metrics.

seahawk marine foods limited Ownership

SEAHAWK MARINE FOODS LIMITED group structure

Seahawk Marine Foods Limited has 1 subsidiary company.

Ultimate parent company

SEAHAWK MARINE FOODS LIMITED

01609254

1 subsidiary

SEAHAWK MARINE FOODS LIMITED Shareholders

derek michael golding 42%
keith maguire 20%
stephen geddes 20%
trustee of the seahawk pension scheme 18%

seahawk marine foods limited directors

Seahawk Marine Foods Limited currently has 5 directors. The longest serving directors include Ms Linda Golding (Aug 1991) and Mr Derek Golding (Aug 1991).

officercountryagestartendrole
Ms Linda Golding73 years Aug 1991- Director
Mr Derek Golding77 years Aug 1991- Director
Mr Stephen Geddes58 years Aug 2003- Director
Mr Robin Peters68 years Jul 2005- Director
Mr Keith Maguire71 years Mar 2015- Director

P&L

March 2024

turnover

46.6m

-10%

operating profit

762.4k

-51%

gross margin

11.3%

-0.11%

turnover

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

Balance Sheet

March 2024

net assets

5.5m

+0.06%

total assets

16.5m

-0.1%

cash

441.3k

-0.47%

net assets

Total assets minus all liabilities

seahawk marine foods limited company details

company number

01609254

Type

Private limited with Share Capital

industry

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

January 1982

age

43

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

HARRISON & CO ACCOUNTANTS LIMITED

address

broadleigh house, woodmarsh, north bradley, trowbridge wiltshire, BA14 0SA

Bank

BANGKOK BANK PCL

Legal Advisor

-

seahawk marine foods 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 7 charges/mortgages relating to seahawk marine foods limited. Currently there are 4 open charges and 3 have been satisfied in the past.

seahawk marine foods 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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seahawk marine foods limited Companies House Filings - See Documents

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