pendennis shipyard (holdings) limited

pendennis shipyard (holdings) limited Company Information

Share PENDENNIS SHIPYARD (HOLDINGS) LIMITED
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Company Number

02281468

Industry

Building of pleasure and sporting boats

 

Shareholders

first corporate consultants ltd

sir t. sainsbury

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Group Structure

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Contact

Registered Address

the docks, falmouth, cornwall, TR11 4NR

pendennis shipyard (holdings) limited Estimated Valuation

£66.3m

Pomanda estimates the enterprise value of PENDENNIS SHIPYARD (HOLDINGS) LIMITED at £66.3m based on a Turnover of £72.8m and 0.91x industry multiple (adjusted for size and gross margin).

pendennis shipyard (holdings) limited Estimated Valuation

£75.5m

Pomanda estimates the enterprise value of PENDENNIS SHIPYARD (HOLDINGS) LIMITED at £75.5m based on an EBITDA of £9.3m and a 8.1x industry multiple (adjusted for size and gross margin).

pendennis shipyard (holdings) limited Estimated Valuation

£87.6m

Pomanda estimates the enterprise value of PENDENNIS SHIPYARD (HOLDINGS) LIMITED at £87.6m based on Net Assets of £38.3m and 2.29x industry multiple (adjusted for liquidity).

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Pendennis Shipyard (holdings) Limited Overview

Pendennis Shipyard (holdings) Limited is a live company located in cornwall, TR11 4NR with a Companies House number of 02281468. It operates in the building of pleasure and sporting boats sector, SIC Code 30120. Founded in July 1988, it's largest shareholder is first corporate consultants ltd with a 15% stake. Pendennis Shipyard (holdings) Limited is a mature, large sized company, Pomanda has estimated its turnover at £72.8m with healthy growth in recent years.

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Pendennis Shipyard (holdings) Limited Health Check

Pomanda's financial health check has awarded Pendennis Shipyard (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

10 Strong

positive_score

1 Regular

positive_score

1 Weak

size

Size

annual sales of £72.8m, make it larger than the average company (£12.9m)

£72.8m - Pendennis Shipyard (holdings) Limited

£12.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.6%)

14% - Pendennis Shipyard (holdings) Limited

5.6% - Industry AVG

production

Production

with a gross margin of 29.6%, this company has a lower cost of product (23.9%)

29.6% - Pendennis Shipyard (holdings) Limited

23.9% - Industry AVG

profitability

Profitability

an operating margin of 9.6% make it more profitable than the average company (4.5%)

9.6% - Pendennis Shipyard (holdings) Limited

4.5% - Industry AVG

employees

Employees

with 499 employees, this is above the industry average (76)

499 - Pendennis Shipyard (holdings) Limited

76 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.4k, the company has an equivalent pay structure (£37k)

£39.4k - Pendennis Shipyard (holdings) Limited

£37k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £145.8k, this is more efficient (£112.2k)

£145.8k - Pendennis Shipyard (holdings) Limited

£112.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 18 days, this is earlier than average (31 days)

18 days - Pendennis Shipyard (holdings) Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (44 days)

32 days - Pendennis Shipyard (holdings) Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (46 days)

4 days - Pendennis Shipyard (holdings) Limited

46 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (8 weeks)

34 weeks - Pendennis Shipyard (holdings) Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 51.2%, this is a lower level of debt than the average (73.3%)

51.2% - Pendennis Shipyard (holdings) Limited

73.3% - Industry AVG

PENDENNIS SHIPYARD (HOLDINGS) LIMITED financials

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Pendennis Shipyard (Holdings) Limited's latest turnover from December 2022 is £72.8 million and the company has net assets of £38.3 million. According to their latest financial statements, Pendennis Shipyard (Holdings) Limited has 499 employees and maintains cash reserves of £19.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover72,777,49949,669,32642,373,73449,501,67459,629,44952,462,05846,830,67845,955,75636,860,69037,157,74733,158,26130,991,85826,187,72525,387,775
Other Income Or Grants00000000000000
Cost Of Sales51,210,76835,166,09331,067,89537,201,65545,254,66139,961,42935,735,43835,921,75427,583,37527,955,93123,879,36922,446,39020,034,19420,439,306
Gross Profit21,566,73114,503,23311,305,83912,300,01914,374,78812,500,62911,095,24010,034,0029,277,3159,201,8169,278,8928,545,4686,153,5314,948,469
Admin Expenses14,571,05912,488,6989,871,00511,297,67610,794,18010,449,4337,799,1607,184,9556,937,0906,749,0106,888,8126,216,4134,768,5794,064,102
Operating Profit6,995,6722,014,5351,434,8341,002,3433,580,6082,051,1963,296,0802,849,0472,340,2252,452,8062,390,0802,329,0551,384,952884,367
Interest Payable210,819192,277219,83396,91183,824158,597227,886284,942196,65625,66859,70584,817109,999131,806
Interest Receivable60,6281,4911,84718,27823,4671,10510,23315,16314,05025,84428,34211,0946,0032,832
Pre-Tax Profit6,845,4811,823,7491,216,848923,7103,520,2511,893,7043,078,4272,579,2682,157,6192,452,9822,358,7172,255,3321,280,956755,393
Tax-1,681,119-255,990-24,727-192,043271,545-305,037-276,775-145,334120,68470,035-214,500-599,086-378,120-197,200
Profit After Tax5,164,3621,567,7591,192,121731,6673,791,7961,588,6672,801,6522,433,9342,278,3032,523,0172,144,2171,656,246902,836558,193
Dividends Paid179,809184,8440200,9301,194,967194,967194,967194,967194,967194,067194,067155,25400
Retained Profit4,984,5531,382,9151,192,121530,7372,596,8291,393,7002,606,6852,238,9672,083,3362,328,9501,950,1501,500,992902,836558,193
Employee Costs19,645,75416,894,88615,040,29716,614,08115,349,75413,741,10612,523,42311,543,09210,833,03811,004,6239,969,28210,096,3528,910,1847,555,663
Number Of Employees499463438445437402372370361339334354355285
EBITDA*9,320,6454,091,4643,508,5112,780,2365,360,7063,947,7615,110,4514,239,4743,474,3363,200,7173,183,8843,263,0802,088,7541,525,735

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets53,148,25653,481,44753,422,38654,084,33350,645,09539,712,21039,726,59540,703,20336,890,09929,362,92519,718,60218,166,91518,729,89918,650,974
Intangible Assets105,228118,704156,951176,049213,13528,33737,87147,40556,93966,47376,00785,54195,3410
Investments & Other0000001,074,1021,074,102574,10200000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets53,253,48453,600,15153,579,33754,260,38250,858,23039,740,54740,838,56841,824,71037,521,14029,429,39819,794,60918,252,45618,825,24018,650,974
Stock & work in progress672,007697,799400,118462,259594,581512,114247,915177,543139,956112,868167,333217,590213,874175,481
Trade Debtors3,733,8265,143,8863,645,0902,337,7693,671,7774,727,1881,757,7483,299,9333,750,1822,667,7844,002,1803,062,9012,096,7432,802,043
Group Debtors268,539437,143000000000000
Misc Debtors1,984,2541,100,6431,461,1771,138,9602,973,7445,210,7832,136,8091,071,108742,5172,213,8391,035,081475,463571,227573,810
Cash19,308,8967,856,3915,467,4232,082,9568,946,5185,524,7105,540,5873,795,9623,587,2325,656,4135,022,1504,391,1081,906,682765,141
misc current assets00000000000000
total current assets25,967,52215,235,86210,973,8086,021,94416,186,62015,974,7959,683,0598,344,5468,219,88710,650,90410,226,7448,147,0624,788,5264,316,475
total assets79,221,00668,836,01364,553,14560,282,32667,044,85055,715,34250,521,62750,169,25645,741,02740,080,30230,021,35326,399,51823,613,76622,967,449
Bank overdraft00000000000026,0420
Bank loan5,072,066627,979639,852630,194568,1431,441,489338,770387,619228,064218,939210,591210,591213,591210,591
Trade Creditors 4,606,1864,333,5704,233,3305,616,7034,222,6444,105,9852,468,3023,771,7353,199,3583,049,0863,205,4232,010,6391,622,2761,420,327
Group/Directors Accounts00000000000000
other short term finances00000000000013,95826,410
hp & lease commitments386,899331,379324,519312,545573,076189,651178,075202,031189,682177,918164,180234,973241,987206,904
other current liabilities18,886,59612,211,2267,953,3535,652,67915,839,19311,972,1628,183,6237,001,5025,647,4796,946,9226,774,3225,802,3885,226,2835,927,292
total current liabilities28,951,74717,504,15413,151,05412,212,12121,203,05617,709,28711,168,77011,362,8879,264,58310,392,86510,354,5168,258,5917,344,1377,791,524
loans1,453,9018,255,0499,530,7007,559,9056,958,9661,564,8943,904,7905,493,5596,377,3414,591,559353,024554,526752,190968,178
hp & lease commitments1,575,6041,887,5552,126,6321,943,554540,937964,1661,060,9961,057,6161,158,186208,196297,413468,814663,237863,443
Accruals and Deferred Income2,560,3182,968,3180000005,432,3281,396,7601,494,6391,446,685987,7290
other liabilities003,376,31800000000000
provisions5,978,9524,505,0064,032,3733,640,7823,577,2233,967,9373,689,7133,156,3473,338,701656,000726,400753,400137,8000
total long term liabilities11,568,77517,615,92819,066,02313,144,24111,077,1266,496,9978,655,4999,707,52216,306,5566,852,5152,871,4763,223,4252,540,9561,831,621
total liabilities40,520,52235,120,08232,217,07725,356,36232,280,18224,206,28419,824,26921,070,40925,571,13917,245,38013,225,99211,482,0169,885,0939,623,145
net assets38,310,26333,629,53432,250,60134,845,91634,728,55631,477,05830,665,35829,066,84720,137,38822,802,42216,795,36114,917,50213,728,67313,344,304
total shareholders funds38,310,26333,629,53432,250,60134,845,91634,728,55631,477,05830,665,35829,066,84720,137,38822,802,42216,795,36114,917,50213,728,67313,344,304
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit6,995,6722,014,5351,434,8341,002,3433,580,6082,051,1963,296,0802,849,0472,340,2252,452,8062,390,0802,329,0551,384,952884,367
Depreciation2,307,2422,048,7372,044,4801,749,7061,769,4651,887,0311,804,8371,380,8931,124,577738,377784,270934,025703,802641,368
Amortisation17,73128,19229,19728,18710,6339,5349,5349,5349,5349,5349,534000
Tax-1,681,119-255,990-24,727-192,043271,545-305,037-276,775-145,334120,68470,035-214,500-599,086-378,120-197,200
Stock-25,792297,681-62,141-132,32282,467264,19970,37237,58727,088-54,465-50,2573,71638,393175,481
Debtors-695,0531,575,4051,629,538-3,168,792-3,292,4506,043,414-476,484-121,658-388,924-155,6381,498,897870,394-707,8833,375,853
Creditors272,616100,240-1,383,3731,394,059116,6591,637,683-1,303,433572,377150,272-156,3371,194,784388,363201,9491,420,327
Accruals and Deferred Income6,267,3707,226,1912,300,674-10,186,5143,867,0313,788,5391,182,121-4,078,3052,736,12574,7211,019,8881,035,061286,7205,927,292
Deferred Taxes & Provisions1,473,946472,633391,59163,559-390,714278,224533,366-182,3542,682,701-70,400-27,000615,600137,8000
Cash flow from operations16,374,3039,761,4523,225,279-2,839,58912,435,2103,039,5575,651,842489,9299,525,9543,328,8393,708,4163,828,9083,006,5935,124,820
Investing Activities
capital expenditure0000-882,40921,0952,0001,412,164-9,196,697-10,295,143-2,334,391-334,959-714,670-2,132,328
Change in Investments00000-1,074,1020500,000574,10200000
cash flow from investments0000-882,4091,095,1972,000912,164-9,770,799-10,295,143-2,334,391-334,959-714,670-2,132,328
Financing Activities
Bank loans4,444,087-11,8739,65862,051-873,3461,102,719-48,849159,5559,1258,3480-3,0003,000210,591
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000-13,958-12,45226,410
Long term loans-6,801,148-1,275,6511,970,795600,9395,394,072-2,339,896-1,588,769-883,7821,785,7824,238,535-201,502-197,664-215,988968,178
Hire Purchase and Lease Commitments-256,431-232,217195,0521,142,086-39,804-85,254-20,576-88,221961,754-75,479-242,194-201,437-165,1231,070,347
other long term liabilities0-3,376,3183,376,31800000000000
share issue-303,824-3,982-3,787,436-413,377654,669-582,000-1,008,1746,690,492-4,748,3703,678,111-72,291-312,163-518,46712,786,111
interest-150,191-190,786-217,986-78,633-60,357-157,492-217,653-269,779-182,606176-31,363-73,723-103,996-128,974
cash flow from financing-3,067,507-5,090,8271,546,4011,313,0665,075,234-2,061,923-2,884,0215,608,265-2,174,3157,849,691-547,350-801,945-1,013,02614,932,663
cash and cash equivalents
cash11,452,5052,388,9683,384,467-6,863,5623,421,808-15,8771,744,625208,730-2,069,181634,263631,0422,484,4261,141,541765,141
overdraft00000000000-26,04226,0420
change in cash11,452,5052,388,9683,384,467-6,863,5623,421,808-15,8771,744,625208,730-2,069,181634,263631,0422,510,4681,115,499765,141

pendennis shipyard (holdings) 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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Pendennis Shipyard (holdings) Limited Competitor Analysis

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Perform a competitor analysis for pendennis shipyard (holdings) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in TR11 area or any other competitors across 12 key performance metrics.

pendennis shipyard (holdings) limited Ownership

PENDENNIS SHIPYARD (HOLDINGS) LIMITED group structure

Pendennis Shipyard (Holdings) Limited has 5 subsidiary companies.

PENDENNIS SHIPYARD (HOLDINGS) LIMITED Shareholders

first corporate consultants ltd 15.04%
sir t. sainsbury 14.29%
margaretha wiekens 10.74%
m.j. carr 10.74%
yarr limited 9.22%
charles bruce robertson 9.09%
gst ne gll marital trust 7.82%
dr joerg wolfgang wolle 5.7%
r. taylor 4.63%
mrs e. winser 1.76%

pendennis shipyard (holdings) limited directors

Pendennis Shipyard (Holdings) Limited currently has 9 directors. The longest serving directors include Mr Micheal Carr (Oct 1992) and Mr Charles Robertson (Aug 2003).

officercountryagestartendrole
Mr Micheal Carr65 years Oct 1992- Director
Mr Charles RobertsonEngland71 years Aug 2003- Director
Mr Ian Granville63 years Apr 2006- Director
Mr Toby Allies50 years Apr 2009- Director
Mrs Jillian Carr64 years Jan 2021- Director
Mr Charles RossEngland46 years Jan 2021- Director
Mr Stephen HillsEngland57 years Jan 2021- Director
Mr Nicholas HortonEngland64 years Sep 2023- Director
Mr Peter Harvey70 years Sep 2023- Director

P&L

December 2022

turnover

72.8m

+47%

operating profit

7m

+247%

gross margin

29.7%

+1.49%

turnover

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

Balance Sheet

December 2022

net assets

38.3m

+0.14%

total assets

79.2m

+0.15%

cash

19.3m

+1.46%

net assets

Total assets minus all liabilities

pendennis shipyard (holdings) limited company details

company number

02281468

Type

Private limited with Share Capital

industry

30120 - Building of pleasure and sporting boats

incorporation date

July 1988

age

36

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2022

previous names

pendennis shipyard limited (December 1995)

western yachts limited (January 1991)

accountant

-

auditor

BDO LLP

address

the docks, falmouth, cornwall, TR11 4NR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

pendennis shipyard (holdings) 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 23 charges/mortgages relating to pendennis shipyard (holdings) limited. Currently there are 8 open charges and 15 have been satisfied in the past.

pendennis shipyard (holdings) 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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pendennis shipyard (holdings) limited Companies House Filings - See Documents

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