teekay shipping (uk) limited
teekay shipping (uk) limited Company Information
Company Number
02017547
Next Accounts
Sep 2025
Shareholders
teekay services limited
Group Structure
View All
Industry
Service activities incidental to water transportation
Registered Address
first floor templeback, 10 temple back, bristol, BS1 6FL
Website
www.teekay.comteekay shipping (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of TEEKAY SHIPPING (UK) LIMITED at £3.8m based on a Turnover of £6m and 0.64x industry multiple (adjusted for size and gross margin).
teekay shipping (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of TEEKAY SHIPPING (UK) LIMITED at £0 based on an EBITDA of £-28.5k and a 2.77x industry multiple (adjusted for size and gross margin).
teekay shipping (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of TEEKAY SHIPPING (UK) LIMITED at £5m based on Net Assets of £2.5m and 1.97x industry multiple (adjusted for liquidity).
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Teekay Shipping (uk) Limited Overview
Teekay Shipping (uk) Limited is a live company located in bristol, BS1 6FL with a Companies House number of 02017547. It operates in the service activities incidental to water transportation sector, SIC Code 52220. Founded in May 1986, it's largest shareholder is teekay services limited with a 100% stake. Teekay Shipping (uk) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6m with declining growth in recent years.
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Teekay Shipping (uk) Limited Health Check
Pomanda's financial health check has awarded Teekay Shipping (Uk) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
5 Weak
Size
annual sales of £6m, make it in line with the average company (£6.6m)
£6m - Teekay Shipping (uk) Limited
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (9.5%)
-22% - Teekay Shipping (uk) Limited
9.5% - Industry AVG
Production
with a gross margin of 43.1%, this company has a comparable cost of product (43.1%)
43.1% - Teekay Shipping (uk) Limited
43.1% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (10.4%)
-0.7% - Teekay Shipping (uk) Limited
10.4% - Industry AVG
Employees
with 24 employees, this is similar to the industry average (26)
24 - Teekay Shipping (uk) Limited
26 - Industry AVG
Pay Structure
on an average salary of £201.3k, the company has a higher pay structure (£54.5k)
£201.3k - Teekay Shipping (uk) Limited
£54.5k - Industry AVG
Efficiency
resulting in sales per employee of £249.6k, this is equally as efficient (£227.4k)
£249.6k - Teekay Shipping (uk) Limited
£227.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Teekay Shipping (uk) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (34 days)
6 days - Teekay Shipping (uk) Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Teekay Shipping (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Teekay Shipping (uk) Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.5%, this is a lower level of debt than the average (60.8%)
40.5% - Teekay Shipping (uk) Limited
60.8% - Industry AVG
TEEKAY SHIPPING (UK) LIMITED financials
Teekay Shipping (Uk) Limited's latest turnover from December 2023 is £6 million and the company has net assets of £2.5 million. According to their latest financial statements, Teekay Shipping (Uk) Limited has 24 employees and maintains cash reserves of £279.4 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 | 5,989,448 | 4,877,541 | 6,581,396 | 12,502,403 | 12,977,422 | 14,002,020 | 13,191,193 | 12,134,114 | 10,378,169 | 6,734,304 | 6,903,359 | 5,567,440 | 5,236,824 | 5,362,528 | 2,905,756 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -39,828 | 498,165 | 401,423 | 205,145 | 370,122 | 549,570 | 194,250 | 602,049 | 654,500 | 124,531 | -30,925 | 17,700 | -6,175 | 299,418 | -581,952 |
| Interest Payable | 8 | 1,920 | 2,401 | 2,639 | |||||||||||
| Interest Receivable | 21,787 | 6,344 | 3,550 | 22,147 | 19,411 | 9,452 | 5,786 | 7,426 | 31,563 | 884 | 1,384 | 2,298 | 2,001 | 959 | |
| Pre-Tax Profit | -18,041 | 504,509 | 401,423 | 208,695 | 392,269 | 568,981 | 203,702 | 607,835 | 661,926 | 156,094 | -30,049 | 19,084 | -5,797 | 299,018 | -583,632 |
| Tax | 5,464 | 1,293 | 39,498 | -5,065 | -1,766 | -68,660 | 10,533 | 1,328 | 159 | 2,919 | -1,987 | 208,842 | -53,671 | -84,433 | 86,284 |
| Profit After Tax | -12,577 | 505,802 | 440,921 | 203,630 | 390,503 | 500,321 | 214,235 | 609,163 | 662,085 | 159,013 | -32,036 | 227,926 | -59,468 | 214,585 | -497,348 |
| Dividends Paid | 2,900,000 | ||||||||||||||
| Retained Profit | -2,912,577 | 505,802 | 440,921 | 203,630 | 390,503 | 500,321 | 214,235 | 609,163 | 662,085 | 159,013 | -32,036 | 227,926 | -59,468 | 214,585 | -497,348 |
| Employee Costs | 4,830,742 | 3,816,711 | 4,196,489 | 3,829,895 | 3,715,085 | 4,376,480 | 4,558,924 | 4,194,383 | 3,261,992 | 2,698,779 | 2,255,411 | 1,533,035 | 1,354,134 | 1,136,551 | 2,103,375 |
| Number Of Employees | 24 | 24 | 27 | 27 | 27 | 31 | 32 | 31 | 25 | 22 | 21 | 15 | 13 | 15 | 18 |
| EBITDA* | -28,511 | 509,483 | 424,527 | 221,810 | 386,007 | 554,726 | 205,325 | 617,836 | 671,670 | 143,377 | -7,197 | 67,223 | 108,260 | 387,329 | -452,987 |
* 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 | 23,327 | 34,644 | 45,962 | 12,478 | 29,144 | 33,428 | 2,040 | 13,115 | 28,902 | 30,787 | 35,252 | 45,025 | 74,538 | 187,710 | 274,510 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 69,442 | ||||||||||||||
| Debtors (Due After 1 year) | 35,768 | 35,009 | |||||||||||||
| Total Fixed Assets | 23,327 | 34,644 | 115,404 | 48,246 | 64,153 | 33,428 | 2,040 | 13,115 | 28,902 | 30,787 | 35,252 | 45,025 | 74,538 | 187,710 | 274,510 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 981,030 | 546,130 | 1,146,886 | 1,081,371 | |||||||||||
| Group Debtors | 3,495,998 | 5,420,811 | 6,526,337 | 6,217,894 | 3,571,464 | 1,980,388 | 1,960,021 | 1,579,136 | 1,327,465 | 4,381,078 | 3,220,241 | 1,212,987 | 233,252 | 153,396 | |
| Misc Debtors | 447,020 | 206,347 | 117,298 | 249,482 | 157,768 | 94,009 | 293,137 | 1,309,191 | 1,207,169 | 1,096,786 | 981,433 | 1,017,820 | 744,166 | 691,313 | 1,140,968 |
| Cash | 279,351 | 546,943 | 525,565 | 993,844 | 1,767,898 | 2,264,550 | 2,428,875 | 1,945,126 | 2,159,140 | 4,189,407 | 1,052,353 | 158,895 | 1,482,401 | 970,960 | 806,093 |
| misc current assets | 1,111 | ||||||||||||||
| total current assets | 4,222,369 | 6,174,101 | 7,169,200 | 8,442,250 | 6,043,260 | 5,485,833 | 5,763,404 | 4,833,453 | 4,693,774 | 9,668,382 | 5,254,027 | 2,389,702 | 2,459,819 | 1,815,669 | 1,947,061 |
| total assets | 4,245,696 | 6,208,745 | 7,284,604 | 8,490,496 | 6,107,413 | 5,519,261 | 5,765,444 | 4,846,568 | 4,722,676 | 9,699,169 | 5,289,279 | 2,434,727 | 2,534,357 | 2,003,379 | 2,221,571 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 62,476 | 51,455 | 5,803 | 10,877 | 7,256 | 28,257 | 23,981 | 18,178 | 19,715 | ||||||
| Group/Directors Accounts | 1,861,823 | 2,041,004 | 595,979 | 463,201 | 1,319,854 | 882,714 | 1,510,870 | 7,522,286 | 3,452,160 | 812,697 | 1,198,317 | 298,445 | 593,427 | ||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,657,205 | 935,623 | 794,792 | 1,360,933 | 811,216 | 873,184 | 874,276 | 768,771 | 798,758 | 584,852 | 512,728 | 332,656 | 356,515 | 559,906 | 771,320 |
| total current liabilities | 1,719,681 | 935,623 | 2,656,615 | 3,453,392 | 1,407,195 | 1,336,385 | 2,194,130 | 1,657,288 | 2,320,505 | 8,107,138 | 3,972,144 | 1,173,610 | 1,578,813 | 876,529 | 1,384,462 |
| loans | 190,417 | 190,417 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 28,350 | ||||||||||||||
| total long term liabilities | 190,417 | 218,767 | |||||||||||||
| total liabilities | 1,719,681 | 935,623 | 2,656,615 | 3,453,392 | 1,407,195 | 1,336,385 | 2,194,130 | 1,657,288 | 2,320,505 | 8,107,138 | 3,972,144 | 1,173,610 | 1,578,813 | 1,066,946 | 1,603,229 |
| net assets | 2,526,015 | 5,273,122 | 4,627,989 | 5,037,104 | 4,700,218 | 4,182,876 | 3,571,314 | 3,189,280 | 2,402,171 | 1,592,031 | 1,317,135 | 1,261,117 | 955,544 | 936,433 | 618,342 |
| total shareholders funds | 2,526,015 | 5,273,122 | 4,627,989 | 5,037,104 | 4,700,218 | 4,182,876 | 3,571,314 | 3,189,280 | 2,402,171 | 1,592,031 | 1,317,135 | 1,261,117 | 955,544 | 936,433 | 618,342 |
| 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 | -39,828 | 498,165 | 401,423 | 205,145 | 370,122 | 549,570 | 194,250 | 602,049 | 654,500 | 124,531 | -30,925 | 17,700 | -6,175 | 299,418 | -581,952 |
| Depreciation | 11,317 | 11,318 | 23,104 | 16,665 | 15,885 | 5,156 | 11,075 | 15,787 | 17,170 | 18,846 | 23,728 | 49,523 | 114,435 | 87,911 | 128,965 |
| Amortisation | |||||||||||||||
| Tax | 5,464 | 1,293 | 39,498 | -5,065 | -1,766 | -68,660 | 10,533 | 1,328 | 159 | 2,919 | -1,987 | 208,842 | -53,671 | -84,433 | 86,284 |
| Stock | |||||||||||||||
| Debtors | -1,684,140 | -1,016,477 | -840,539 | 3,173,803 | 1,089,088 | -113,246 | 446,202 | 353,693 | -2,943,230 | 1,276,190 | 1,970,867 | 1,253,389 | 132,709 | -296,259 | 1,140,968 |
| Creditors | 62,476 | -51,455 | 51,455 | -5,803 | -5,074 | 10,877 | -7,256 | -21,001 | 4,276 | 5,803 | -1,537 | 19,715 | |||
| Accruals and Deferred Income | 721,582 | 140,831 | -566,141 | 549,717 | -61,968 | -1,092 | 105,505 | -29,987 | 213,906 | 72,124 | 180,072 | -23,859 | -203,391 | -211,414 | 771,320 |
| Deferred Taxes & Provisions | -28,350 | 28,350 | |||||||||||||
| Cash flow from operations | 2,445,151 | 1,668,084 | 686,968 | -2,355,886 | -766,815 | 598,220 | -130,642 | 230,410 | 3,839,842 | -1,065,026 | -1,820,980 | -996,907 | -275,708 | 357,854 | -688,286 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -69,442 | 69,442 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,861,823 | -179,181 | 1,445,025 | 132,778 | -856,653 | 437,140 | -628,156 | -6,011,416 | 4,070,126 | 2,639,463 | -385,620 | 899,872 | -294,982 | 593,427 | |
| Other Short Term Loans | |||||||||||||||
| Long term loans | -190,417 | 190,417 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 21,787 | 6,344 | 3,550 | 22,147 | 19,411 | 9,452 | 5,786 | 7,426 | 31,563 | 876 | 1,384 | 378 | -400 | -1,680 | |
| cash flow from financing | 187,257 | -1,716,148 | -1,029,217 | 1,581,831 | 281,764 | -726,001 | 614,391 | -444,424 | -5,855,935 | 4,217,572 | 2,728,393 | -306,589 | 788,412 | -191,876 | 1,897,854 |
| cash and cash equivalents | |||||||||||||||
| cash | -267,592 | 21,378 | -468,279 | -774,054 | -496,652 | -164,325 | 483,749 | -214,014 | -2,030,267 | 3,137,054 | 893,458 | -1,323,506 | 511,441 | 164,867 | 806,093 |
| overdraft | |||||||||||||||
| change in cash | -267,592 | 21,378 | -468,279 | -774,054 | -496,652 | -164,325 | 483,749 | -214,014 | -2,030,267 | 3,137,054 | 893,458 | -1,323,506 | 511,441 | 164,867 | 806,093 |
teekay shipping (uk) limited Credit Report and Business Information
Teekay Shipping (uk) Limited Competitor Analysis
Perform a competitor analysis for teekay shipping (uk) limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in BS1 area or any other competitors across 12 key performance metrics.
teekay shipping (uk) limited Ownership
TEEKAY SHIPPING (UK) LIMITED group structure
Teekay Shipping (Uk) Limited has no subsidiary companies.
Ultimate parent company
TEEKAY SERVICES LTD
#0141375
1 parent
TEEKAY SHIPPING (UK) LIMITED
02017547
teekay shipping (uk) limited directors
Teekay Shipping (Uk) Limited currently has 3 directors. The longest serving directors include Mrs Anne Liversedge (Apr 2015) and Mr Mikkel Seidelin (Nov 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Anne Liversedge | United Kingdom | 57 years | Apr 2015 | - | Director |
| Mr Mikkel Seidelin | United Kingdom | 42 years | Nov 2024 | - | Director |
| Niranjan Dhurandhar | United Kingdom | 51 years | Nov 2024 | - | Director |
P&L
December 2023turnover
6m
+23%
operating profit
-39.8k
-108%
gross margin
43.1%
-7.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.5m
-0.52%
total assets
4.2m
-0.32%
cash
279.4k
-0.49%
net assets
Total assets minus all liabilities
teekay shipping (uk) limited company details
company number
02017547
Type
Private limited with Share Capital
industry
52220 - Service activities incidental to water transportation
incorporation date
May 1986
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
teekay u.k. limited (May 1986)
accountant
-
auditor
BDO LLP
address
first floor templeback, 10 temple back, bristol, BS1 6FL
Bank
HSBC BANK PLC
Legal Advisor
-
teekay shipping (uk) 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 teekay shipping (uk) limited. Currently there are 0 open charges and 7 have been satisfied in the past.
teekay shipping (uk) 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 TEEKAY SHIPPING (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
teekay shipping (uk) limited Companies House Filings - See Documents
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