Viking Maritime Group Limited

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viking maritime group limited Company Information

Company Number

02340526

Next Accounts

164 days late

Directors

Dieter Jaenicke

Jillian Jaenicke

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Shareholders

dieter jaenicke

jillian jaenicke

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Group Structure

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Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Registered Address

viking house, beechwood business park, dover, kent, CT16 2FG

Website

www.vikingrecruitment.com

viking maritime group limited Estimated Valuation

£4.7m

Pomanda estimates the enterprise value of VIKING MARITIME GROUP LIMITED at £4.7m based on an EBITDA of £1m and a 4.53x industry multiple (adjusted for size and gross margin).

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Viking Maritime Group Limited is a live company located in dover, CT16 2FG with a Companies House number of 02340526. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in January 1989, it's largest shareholder is dieter jaenicke with a 35% stake. Viking Maritime Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Viking Maritime Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

1 Weak

Size

annual sales of £16.6m, make it larger than the average company (£8.7m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.1%)

EXPORT

Viking Maritime Group Limited's latest turnover from December 2022 is £16.6 million and the company has net assets of -£940 thousand. According to their latest financial statements, Viking Maritime Group Limited has 61 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	16,638,417	13,375,173	13,557,475	14,327,497	4,590,936	4,129,823	3,864,348	4,783,111	7,079,484	6,568,980	4,531,516	4,662,209	6,245,088	3,978,184
Other Income Or Grants
Cost Of Sales	11,578,916	9,509,598	11,538,033	11,856,031	3,485,997	3,198,866	2,960,312	3,681,933	5,335,045	4,990,094	3,295,888	3,247,178	4,252,302	2,815,796
Gross Profit	5,059,501	3,865,575	2,019,442	2,471,466	1,104,939	930,958	904,036	1,101,178	1,744,439	1,578,886	1,235,629	1,415,031	1,992,785	1,162,388
Admin Expenses	4,312,986	3,367,749	2,388,978	2,668,664	756,658	774,050	767,922	1,012,360	1,723,498	1,354,629	1,195,576	1,425,082	1,813,762	816,288
Operating Profit	746,515	497,826	-369,536	-197,198	348,281	156,908	136,114	88,818	20,941	224,257	40,053	-10,051	179,023	346,100
Interest Payable	167,583	155,730	171,368	132,624	258,832	253,640	168,809	64,910		16,994	16,994	1,629	3,998	2,370
Interest Receivable					478	483	139	80	898	855		448	484	37
Pre-Tax Profit	709,004	333,960	-537,181	-335,076	89,927	-96,249	-32,556	23,989	21,839	208,118	23,059	-11,232	175,508	343,767
Tax	239,267	-105,437	-37,032	-146,007	-17,086			-4,798	-4,586	-47,867	-5,534		-49,142	-96,255
Profit After Tax	948,271	228,523	-574,213	-481,083	72,841	-96,249	-32,556	19,191	17,253	160,251	17,525	-11,232	126,366	247,512
Dividends Paid	107,600	100,723
Retained Profit	630,194	-35,027	-574,213	-481,083	72,841	-96,249	-32,556	19,191	17,253	160,251	17,525	-11,232	126,366	247,512
Employee Costs	2,022,422	1,708,549	1,603,736	1,443,070	2,154,960	1,822,368	1,785,927	1,793,680	1,530,709	1,547,466	1,207,779	1,309,804	2,103,360	1,498,014
Number Of Employees	61	54	58	54	46	45	45	46	40	42	34	37	62	42
EBITDA*	1,040,018	750,701	-97,291	-27,348	417,933	357,967	309,196	194,835	127,840	331,706	133,082	85,880	235,244	403,374

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	5,663,583	4,882,601	5,075,337	5,314,718	4,372,051	4,441,701	4,482,042	2,741,154	1,039,218	731,125	564,271	278,999	109,569	95,034
Intangible Assets	127,097	111,500	120,705	111,815						14,250	28,500	42,750	57,000	71,250
Investments & Other	283,579	3,482	24,346	20,623	189,695	189,695	189,695	189,695	189,695	189,595	189,595	189,595	189,570	189,570
Debtors (Due After 1 year)	28,549	27,403	27,338	27,688	141,804	184,252	17,375	17,375	17,375	17,375	17,375	17,375
Total Fixed Assets	6,102,808	5,024,986	5,247,726	5,474,844	4,703,550	4,815,648	4,689,112	2,948,224	1,246,288	952,345	799,741	528,719	356,139	355,854
Stock & work in progress
Trade Debtors	2,151,088	1,799,881	1,528,542	1,116,977	433,127	341,142	160,579	256,096	738,586	624,701	573,477	406,215	566,184	339,128
Group Debtors					205,936	286,659	138,625	117,798
Misc Debtors	967,170	810,130	1,331,369	975,072	693,490	417,020	227,819	423,918					6,409	9,618
Cash	3,346,880	2,652,340	2,612,857	2,606,148	31,610	97,240	95,903	14,958	17,222	342,063		83	178,929	14,634
misc current assets
total current assets	6,465,138	5,262,351	5,472,768	4,698,197	1,364,163	1,142,061	622,926	812,770	755,808	966,764	573,477	406,298	751,522	363,380
total assets	12,567,946	10,287,337	10,720,494	10,173,041	6,067,713	5,957,709	5,312,038	3,760,994	2,002,096	1,919,109	1,373,218	935,017	1,107,661	719,234
Bank overdraft	809,026	1,229,500	2,264,156	2,935,718	1,227,652	1,282,786	995,876				522,881
Bank loan	308,690	168,181	206,484	93,335	128,895	128,895	88,570	365,089
Trade Creditors	1,951,605	1,773,511	1,844,968	1,671,184	130,217	153,541	242,144	326,421	534,337	559,103		421,585	666,417	379,675
Group/Directors Accounts	41,673				6,840		410,440	479,964
other short term finances	294,263	227,741	393,493	405,457	324,264	350,000	150,000	175,000
hp & lease commitments	215,568	123,342	127,664	41,991	54,090	54,090	54,090	28,867
other current liabilities	4,725,543	3,099,146	2,404,056	1,786,398	148,088	305,268	306,673	184,838
total current liabilities	8,346,368	6,621,421	7,240,821	6,934,083	2,020,046	2,274,580	2,247,793	1,560,179	534,337	559,103	522,881	421,585	666,417	379,675
loans	2,828,909	3,430,815	3,506,647	2,751,767	2,583,635	2,637,966	2,170,206	1,457,134					50,115	72,910
hp & lease commitments	1,081,202	281,134	393,483	67,268	108,179	150,226	182,914
Accruals and Deferred Income	287,065	334,910	382,755	454,521
other liabilities	243,029	299,529	237,455	152,855	443,833	138,774	138,774	138,774	882,043	784,215	450,166	119,786	17,151	19,037
provisions	323,065	597,332	445,229	421,487	274,869	288,102	8,041	8,041	8,041	15,369		11,000
total long term liabilities	4,763,270	4,943,720	4,965,569	3,847,898	3,410,516	3,215,068	2,499,935	1,603,949	890,084	799,584	450,166	130,786	67,266	91,947
total liabilities	13,109,638	11,565,141	12,206,390	10,781,981	5,430,562	5,489,648	4,747,728	3,164,128	1,424,421	1,358,687	973,047	552,371	733,683	471,622
net assets	-940,045	-1,465,680	-1,485,896	-608,940	637,151	468,061	564,310	596,866	577,675	560,422	400,171	382,646	373,978	247,612
total shareholders funds	-940,045	-1,465,680	-1,485,896	-608,940	637,151	468,061	564,310	596,866	577,675	560,422	400,171	382,646	373,978	247,612

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	746,515	497,826	-369,536	-197,198	348,281	156,908	136,114	88,818	20,941	224,257	40,053	-10,051	179,023	346,100
Depreciation	277,173	237,170	272,245	169,850	69,652	201,059	173,082	106,017	92,649	93,199	78,779	81,681	41,971	43,024
Amortisation	16,330	15,705							14,250	14,250	14,250	14,250	14,250	14,250
Tax	239,267	-105,437	-37,032	-146,007	-17,086			-4,798	-4,586	-47,867	-5,534		-49,142	-96,255
Stock
Debtors	509,393	-249,835	767,512	645,380	929,959	684,675	-270,789	59,226	113,885	51,224	167,262	-149,003	223,847	348,746
Creditors	178,094	-71,457	173,784	1,540,967	-111,927	-88,603	-84,277	-207,916	-24,766	559,103	-421,585	-244,832	286,742	379,675
Accruals and Deferred Income	1,578,552	647,245	545,892	2,092,831	-158,585	-1,405	121,835	184,838
Deferred Taxes & Provisions	-274,267	152,103	23,742	146,618	266,828	280,061			-7,328	15,369	-11,000	11,000
Cash flow from operations	2,252,271	1,622,990	-158,417	2,961,681	-532,796	-136,655	617,543	107,733	-22,725	807,087	-472,299	1,051	248,997	338,048
Investing Activities
capital expenditure					40,339	-160,718	-1,913,970	-1,807,953	-400,742	-260,053	-364,051	-251,111	-56,506	-223,558
Change in Investments	280,097	-20,864	3,723	-169,072					100			25		189,570
cash flow from investments	-280,097	20,864	-3,723	169,072	40,339	-160,718	-1,913,970	-1,807,953	-400,842	-260,053	-364,051	-251,136	-56,506	-413,128
Financing Activities
Bank loans	140,509	-38,303	113,149	-35,560	40,325	40,325	-276,519	365,089
Group/Directors Accounts	41,673			-6,840	-403,600	-410,440	-69,524	479,964
Other Short Term Loans	66,522	-165,752	-11,964	81,193	174,264	200,000	-25,000	175,000
Long term loans	-601,906	-75,832	754,880	168,132	413,429	467,760	713,072	1,457,134				-50,115	-22,795	72,910
Hire Purchase and Lease Commitments	892,294	-116,671	411,888	-53,010	-74,735	-32,688	208,137	28,867
other long term liabilities	-56,500	62,074	84,600	-290,978	305,059			-743,269	97,828	334,049	330,380	102,635	-1,886	19,037
share issue	-104,559	55,243	-302,743	-765,008								19,900		100
interest	-167,583	-155,730	-171,368	-132,624	-258,354	-253,157	-168,670	-64,830	898	-16,139	-16,994	-1,181	-3,514	-2,333
cash flow from financing	210,450	-434,971	878,442	-1,034,695	196,388	11,800	381,496	1,697,955	98,726	317,910	313,386	71,239	-28,195	89,714
cash and cash equivalents
cash	694,540	39,483	6,709	2,574,538	-64,293	1,337	80,945	-2,264	-324,841	342,063	-83	-178,846	164,295	14,634
overdraft	-420,474	-1,034,656	-671,562	1,708,066	231,776	286,910	995,876			-522,881	522,881
change in cash	1,115,014	1,074,139	678,271	866,472	-296,069	-285,573	-914,931	-2,264	-324,841	864,944	-522,964	-178,846	164,295	14,634

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VIKING MARITIME GROUP LIMITED group structure

Viking Maritime Group Limited has 12 subsidiary companies.

Ultimate parent company

VIKING MARITIME GROUP LIMITED

02340526

12 subsidiaries

VIKING MARINE SERVICES LIMITED

04411788

VIKING MARINE TRAVEL LIMITED

04421906

VIKING CREW MANAGEMENT LIMITED

07258280

MARITIME SKILLS ACADEMY (SOLENT) LIMITED

11681688

VIKING MARINE RECRUITMENT LIMITED

04411789

VIKING HOSPITALITY LIMITED

09191887

CHILTERN MARITIME LIMITED

02021325

VIKING MARINE CONSULTANTS LIMITED

04411625

VIKING CREW LIMITED

11413764

THE MARITIME SKILLS ACADEMY LIMITED

07920032

LUXURY HOSPITALITY CRUISE TRAINING LIMITED

14090664

VIKING MARITIME GROUP (SCOTLAND) LIMITED

SC471116

VIKING MARITIME GROUP LIMITED Shareholders

dieter jaenicke	35%
jillian jaenicke	35%
matthew jaenicke	15%
mark jaenicke	15%

Viking Maritime Group Limited currently has 4 directors. The longest serving directors include Mr Dieter Jaenicke (May 1991) and Mrs Jillian Jaenicke (May 1991).

officer	country	age	start	end	role
Mr Dieter Jaenicke		73 years	May 1991	-	Director
Mrs Jillian Jaenicke	United Kingdom	69 years	May 1991	-	Director
Mr Matthew Jaenicke		49 years	May 2002	-	Director
Mr Mark Jaenicke		46 years	Sep 2009	-	Director

P&L

December 2022

turnover

16.6m

+24%

operating profit

746.5k

+50%

gross margin

30.5%

+5.22%

turnover

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

Balance Sheet

December 2022

net assets

-940k

-0.36%

total assets

12.6m

+0.22%

cash

3.3m

+0.26%

net assets

Total assets minus all liabilities

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4.5

company number

02340526

Type

Private limited with Share Capital

industry

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

January 1989

ultimate parent company

None

previous names

viking recruitment limited (February 2019)

morton down limited (February 1989)

address

viking house, beechwood business park, dover, kent, CT16 2FG

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 8 charges/mortgages relating to viking maritime group limited. Currently there are 6 open charges and 2 have been satisfied in the past.

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viking maritime group limited Company Information

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viking maritime group limited Estimated Valuation

viking maritime group limited Estimated Valuation

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