Daily Shipping Services Limited

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daily shipping services limited Company Information

Live

MatureSmallHealthy

Company Number

02349583

Website

www.dailyshippingservices.co.uk

Registered Address

31 abbey road, grimsby, north east lincolnshire, DN32 0HQ

Industry

Other transportation support activities

Telephone

01673842901

Next Accounts Due

February 2025

Group Structure

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Directors

Robert Ross32 Years

Rebecca Ross17 Years

Shareholders

mr robert ross 50%

rebecca jaqueline ross 50%

daily shipping services limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of DAILY SHIPPING SERVICES LIMITED at £2m based on a Turnover of £4m and 0.49x industry multiple (adjusted for size and gross margin).

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Daily Shipping Services Limited is a live company located in north east lincolnshire, DN32 0HQ with a Companies House number of 02349583. It operates in the other transportation support activities sector, SIC Code 52290. Founded in February 1989, it's largest shareholder is mr robert ross with a 50% stake. Daily Shipping Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Daily Shipping Services 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

Health Rating2.5out of 5

1 Strong

5 Regular

5 Weak

Size

annual sales of £4m, make it smaller than the average company (£10.4m)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.8%)

EXPORT

Daily Shipping Services Limited's latest turnover from May 2023 is estimated at £4 million and the company has net assets of £230.6 thousand. According to their latest financial statements, Daily Shipping Services Limited has 17 employees and maintains cash reserves of £73.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	4,037,119	5,262,889	4,315,660	3,507,670	4,105,522	3,638,209	3,901,702	3,494,816	3,782,926	4,088,909	4,558,687	3,710,016	4,141,809	3,731,169
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,152,104	4,082,135	3,356,434	2,722,414	3,148,891	2,770,129	2,991,944	2,723,815	2,993,515	3,185,549	3,614,603	2,908,649	3,263,699	2,883,474
Gross Profit	885,015	1,180,755	959,226	785,256	956,631	868,080	909,758	771,001	789,412	903,360	944,084	801,367	878,110	847,695
Admin Expenses	907,340	1,160,912	887,274	807,315	888,060	799,392	839,234	787,011	791,088	895,608	938,361	777,701	824,302	848,503
Operating Profit	-22,325	19,843	71,952	-22,059	68,571	68,688	70,524	-16,010	-1,676	7,752	5,723	23,666	53,808	-808
Interest Payable	0	0	298	2,135	5,428	7,808	9,810	5,664	0	0	0	0	0	0
Interest Receivable	3,482	808	41	2	21	12	1	0	0	0	0	0	0	0
Pre-Tax Profit	-18,843	20,651	71,695	-24,192	63,164	60,891	60,715	-21,674	-1,676	7,752	5,723	23,666	53,808	-808
Tax	0	-3,924	-13,622	0	-12,001	-11,569	-11,536	0	0	-1,628	-1,316	-5,680	-13,990	0
Profit After Tax	-18,843	16,727	58,073	-24,192	51,163	49,322	49,179	-21,674	-1,676	6,124	4,407	17,986	39,818	-808
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,843	16,727	58,073	-24,192	51,163	49,322	49,179	-21,674	-1,676	6,124	4,407	17,986	39,818	-808
Employee Costs	747,149	831,214	771,191	726,053	754,656	687,245	725,799	624,019	532,026	614,375	744,130	560,254	607,386	675,020
Number Of Employees	17	20	20	19	20	18	19	17	15	17	21	16	18	20
EBITDA*	-21,587	20,440	72,621	-17,233	73,397	73,034	75,698	-9,712	2,341	16,293	12,958	27,738	60,358	2,954

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	0	738	1,335	46,004	50,830	55,656	56,663	61,837	68,135	81,445	109,175	82,924	90,089	92,502
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250	6,250
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,250	6,988	7,585	52,254	57,080	61,906	62,913	68,087	74,385	87,695	115,425	89,174	96,339	98,752
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	556,459	911,299	743,613	537,849	687,722	607,922	666,763	564,563	514,193	575,970	623,528	559,014	625,708	553,423
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	45,996	66,716	63,321	64,856	56,655	69,141	63,927	57,700	0	0	0	0	0	0
Cash	73,269	81,506	80,002	1,621	1,561	4,077	654	0	67	69	12	11	84	23
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	675,724	1,059,521	886,936	604,326	745,938	681,140	731,344	622,263	514,260	576,039	623,540	559,025	625,792	553,446
total assets	681,974	1,066,509	894,521	656,580	803,018	743,046	794,257	690,350	588,645	663,734	738,965	648,199	722,131	652,198
Bank overdraft	0	0	0	9,775	60,217	100,609	139,652	174,273	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	430,126	771,804	612,116	391,858	439,180	395,676	448,441	366,968	504,739	579,484	631,674	545,315	637,233	606,283
Group/Directors Accounts	0	0	0	0	0	0	0	32,507	1,332	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	21,244	45,258	49,685	69,369	92,889	86,231	94,719	55,937	0	0	0	0	0	0
total current liabilities	451,370	817,062	661,801	471,002	592,286	582,516	682,812	629,685	506,071	579,484	631,674	545,315	637,233	606,283
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	381	1,108	1,834	1,836	0	0	0	0	0	0	0
total long term liabilities	0	0	0	381	1,108	1,834	1,836	0	0	0	0	0	0	0
total liabilities	451,370	817,062	661,801	471,383	593,394	584,350	684,648	629,685	506,071	579,484	631,674	545,315	637,233	606,283
net assets	230,604	249,447	232,720	185,197	209,624	158,696	109,609	60,665	82,574	84,250	107,291	102,884	84,898	45,915
total shareholders funds	230,604	249,447	232,720	185,197	209,624	158,696	109,609	60,665	82,574	84,250	107,291	102,884	84,898	45,915

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-22,325	19,843	71,952	-22,059	68,571	68,688	70,524	-16,010	-1,676	7,752	5,723	23,666	53,808	-808
Depreciation	738	597	669	4,826	4,826	4,346	5,174	6,298	4,017	8,541	7,235	4,072	6,550	3,762
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,924	-13,622	0	-12,001	-11,569	-11,536	0	0	-1,628	-1,316	-5,680	-13,990	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-375,560	171,081	204,229	-141,672	67,314	-53,627	108,427	108,070	-61,777	-47,558	64,514	-66,694	72,285	553,423
Creditors	-341,678	159,688	220,258	-47,322	43,504	-52,765	81,473	-137,771	-74,745	-52,190	86,359	-91,918	30,950	606,283
Accruals and Deferred Income	-24,014	-4,427	-19,684	-23,520	6,658	-8,488	38,782	55,937	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-381	-727	-726	-2	1,836	0	0	0	0	0	0	0
Cash flow from operations	-11,719	696	54,963	52,870	43,518	53,837	77,826	-199,616	-10,627	10,033	33,487	-3,166	5,033	55,814
Investing Activities
capital expenditure	0	0	44,000	0	0	-3,339	0	0	9,293	19,189	-33,486	3,093	-4,137	-96,264
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	6,250
cash flow from investments	0	0	44,000	0	0	-3,339	0	0	9,293	19,189	-33,486	3,093	-4,137	-102,514
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-32,507	31,175	1,332	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	-10,550	-235	-235	-235	-235	-235	0	-29,165	0	0	-835	46,723
interest	3,482	808	-257	-2,133	-5,407	-7,796	-9,809	-5,664	0	0	0	0	0	0
cash flow from financing	3,482	808	-10,807	-2,368	-5,642	-8,031	-42,551	25,276	1,332	-29,165	0	0	-835	46,723
cash and cash equivalents
cash	-8,237	1,504	78,381	60	-2,516	3,423	654	-67	-2	57	1	-73	61	23
overdraft	0	0	-9,775	-50,442	-40,392	-39,043	-34,621	174,273	0	0	0	0	0	0
change in cash	-8,237	1,504	88,156	50,502	37,876	42,466	35,275	-174,340	-2	57	1	-73	61	23

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DAILY SHIPPING SERVICES LIMITED group structure

Daily Shipping Services Limited has no subsidiary companies.

Ultimate parent company

DAILY SHIPPING SERVICES LIMITED

02349583

DAILY SHIPPING SERVICES LIMITED Shareholders

mr robert ross	50%
rebecca jaqueline ross	50%

Daily Shipping Services Limited currently has 2 directors. The longest serving directors include Mr Robert Ross (Feb 1992) and Mrs Rebecca Ross (Oct 2006).

officer	country	age	start	end	role
Mr Robert Ross		71 years	Feb 1992	-	Director
Mrs Rebecca Ross		66 years	Oct 2006	-	Director

P&L

May 2023

turnover

-23%

operating profit

-22.3k

gross margin

22%

-2.29%

turnover

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

Balance Sheet

May 2023

net assets

230.6k

-0.08%

total assets

682k

-0.36%

cash

73.3k

-0.1%

net assets

Total assets minus all liabilities

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company number

02349583

Type

Private limited with Share Capital

industry

52290 - Other transportation support activities

incorporation date

February 1989

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

brooksure limited (March 1989)

incorporated

address

31 abbey road, grimsby, north east lincolnshire, DN32 0HQ

last accounts submitted

May 2023

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 2 charges/mortgages relating to daily shipping services limited. Currently there are 2 open charges and 0 have been satisfied in the past.

daily shipping services limited Company Information

daily shipping services limited Estimated Valuation

daily shipping services limited Estimated Valuation

daily shipping services limited Estimated Valuation

Daily Shipping Services Limited Overview

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DAILY SHIPPING SERVICES LIMITED financials

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