mersey ferries limited
mersey ferries limited Company Information
Company Number
02495472
Website
www.merseyferries.co.ukRegistered Address
1 mann island, liverpool, L3 1BP
Industry
Inland passenger water transport
Telephone
01513301003
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
mersey ferries limited Estimated Valuation
Pomanda estimates the enterprise value of MERSEY FERRIES LIMITED at £2.9m based on a Turnover of £3.7m and 0.78x industry multiple (adjusted for size and gross margin).
mersey ferries limited Estimated Valuation
Pomanda estimates the enterprise value of MERSEY FERRIES LIMITED at £480.8k based on an EBITDA of £126.7k and a 3.79x industry multiple (adjusted for size and gross margin).
mersey ferries limited Estimated Valuation
Pomanda estimates the enterprise value of MERSEY FERRIES LIMITED at £0 based on Net Assets of £-548.9k and 1.65x industry multiple (adjusted for liquidity).
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Mersey Ferries Limited Overview
Mersey Ferries Limited is a live company located in liverpool, L3 1BP with a Companies House number of 02495472. It operates in the inland passenger water transport sector, SIC Code 50300. Founded in April 1990, it's largest shareholder is unknown. Mersey Ferries Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.
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Mersey Ferries Limited Health Check
Pomanda's financial health check has awarded Mersey Ferries Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £3.7m, make it larger than the average company (£2.8m)
£3.7m - Mersey Ferries Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (1.8%)
-8% - Mersey Ferries Limited
1.8% - Industry AVG
Production
with a gross margin of 28.6%, this company has a higher cost of product (47.9%)
28.6% - Mersey Ferries Limited
47.9% - Industry AVG
Profitability
an operating margin of 3.5% make it less profitable than the average company (24.6%)
3.5% - Mersey Ferries Limited
24.6% - Industry AVG
Employees
with 59 employees, this is similar to the industry average (50)
59 - Mersey Ferries Limited
50 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£43.4k)
£38.5k - Mersey Ferries Limited
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £62.2k, this is less efficient (£84.5k)
£62.2k - Mersey Ferries Limited
£84.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (17 days)
1 days - Mersey Ferries Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (30 days)
29 days - Mersey Ferries Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is more than average (7 days)
10 days - Mersey Ferries Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)
0 weeks - Mersey Ferries Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.3%, this is a higher level of debt than the average (63.4%)
117.3% - Mersey Ferries Limited
63.4% - Industry AVG
MERSEY FERRIES LIMITED financials
Mersey Ferries Limited's latest turnover from March 2023 is £3.7 million and the company has net assets of -£548.9 thousand. According to their latest financial statements, Mersey Ferries Limited has 59 employees and maintains cash reserves of £13.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,670,377 | 2,852,659 | 677,045 | 4,674,221 | 4,398,372 | 3,995,526 | 3,267,302 | 4,184,660 | 3,868,873 | 3,568,469 | 3,060,000 | 3,126,000 | 8,012,000 | 6,701,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,622,646 | 2,137,199 | 1,891,406 | 2,216,714 | 2,056,917 | 2,290,859 | 1,895,291 | 1,932,047 | 1,916,733 | 2,152,875 | 2,443,000 | 2,900,000 | 5,168,000 | 5,360,000 |
| Gross Profit | 1,047,731 | 715,460 | -1,214,361 | 2,457,507 | 2,341,455 | 1,704,667 | 1,372,011 | 2,252,613 | 1,952,140 | 1,415,594 | 617,000 | 226,000 | 2,844,000 | 1,341,000 |
| Admin Expenses | 921,000 | 580,138 | -1,232,181 | 3,422,179 | 3,290,149 | 3,264,270 | 1,484,637 | 2,248,040 | 1,997,252 | 3,228,223 | 2,475,000 | 2,679,000 | 4,584,000 | 4,013,000 |
| Operating Profit | 126,731 | 135,322 | 17,820 | -964,672 | -948,694 | -1,559,603 | -112,626 | 4,573 | -45,112 | -1,812,629 | -1,858,000 | -2,453,000 | -1,740,000 | -2,672,000 |
| Interest Payable | 126,731 | 135,322 | 143,517 | 151,336 | 158,795 | 165,911 | 172,700 | 179,177 | 185,356 | 191,251 | 197,000 | 202,000 | 228,000 | 234,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 0 | 0 | -125,697 | -116,008 | -107,489 | 274,486 | -285,326 | -174,604 | -230,468 | -243,486 | 0 | 0 | 316,000 | -371,000 |
| Tax | 0 | 0 | 0 | 205,085 | 254,621 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,000 | 33,000 |
| Profit After Tax | 0 | 0 | -125,697 | 89,077 | 147,132 | 274,486 | -285,326 | -174,604 | -230,468 | -243,486 | 0 | 0 | 354,000 | -338,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 0 | 0 | -125,697 | 89,077 | 147,132 | 274,486 | -285,326 | -174,604 | -230,468 | -243,486 | 0 | 0 | 354,000 | -338,000 |
| Employee Costs | 2,272,742 | 1,896,422 | 1,821,768 | 2,022,219 | 1,897,092 | 2,210,811 | 1,850,301 | 1,730,556 | 1,603,240 | 1,983,102 | 2,401,000 | 2,348,000 | 3,741,000 | 4,112,000 |
| Number Of Employees | 59 | 54 | 60 | 67 | 60 | 61 | 63 | 59 | 52 | 62 | 74 | 78 | 179 | 193 |
| EBITDA* | 126,731 | 135,322 | 17,820 | -964,672 | -948,694 | -1,559,603 | -112,626 | 4,573 | -45,112 | -1,812,629 | -1,858,000 | -2,453,000 | -659,000 | -2,272,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 1,940,000 | 3,657,000 | 3,510,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,242,943 | 2,243,000 | 2,243,000 | 1,702,000 | 2,534,000 |
| Investments & Other | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 2,242,943 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,458,943 | 2,459,000 | 4,183,000 | 5,359,000 | 6,044,000 |
| Stock & work in progress | 74,848 | 68,515 | 60,462 | 84,488 | 80,419 | 102,955 | 81,418 | 70,185 | 77,583 | 92,293 | 124,000 | 110,000 | 444,000 | 500,000 |
| Trade Debtors | 13,174 | 13,014 | 11,122 | 120,579 | 176,448 | 172,349 | 98,283 | 83,992 | 45,384 | 32,327 | 1,946,000 | 667,000 | 124,000 | 104,000 |
| Group Debtors | 0 | 0 | 0 | 205,085 | 366,757 | 251,222 | 744,987 | 629,897 | 1,208,482 | 1,165,464 | 0 | 0 | 0 | 0 |
| Misc Debtors | 609,442 | 448,501 | 117,064 | 232,629 | 151,143 | 304,749 | 180,661 | 164,726 | 234,566 | 221,268 | 0 | 0 | 357,000 | 722,000 |
| Cash | 13,456 | 12,653 | 657 | 6,955 | 61,951 | 66,946 | 44,703 | 32,042 | 46,828 | 36,156 | 45,000 | 11,000 | 123,000 | 111,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 710,920 | 542,683 | 189,305 | 649,736 | 836,718 | 898,221 | 1,150,052 | 980,842 | 1,612,843 | 1,547,508 | 2,115,000 | 788,000 | 1,048,000 | 1,437,000 |
| total assets | 3,169,863 | 3,001,626 | 2,648,248 | 3,108,679 | 3,295,661 | 3,357,164 | 3,608,995 | 3,439,785 | 4,071,786 | 4,006,451 | 4,574,000 | 4,971,000 | 6,407,000 | 7,481,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 125,000 | 123,000 |
| Trade Creditors | 212,835 | 224,114 | 23,039 | 3,444 | 83,347 | 62,289 | 174,826 | 67,564 | 44,589 | 353,890 | 668,000 | 973,000 | 1,016,000 | 1,036,000 |
| Group/Directors Accounts | 938,572 | 560,850 | 186,652 | 401,599 | 162,214 | 154,755 | 147,639 | 140,850 | 134,373 | 128,194 | 0 | 0 | 1,045,000 | 804,000 |
| 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 | 267,950 | 309,948 | 255,381 | 228,419 | 397,201 | 488,384 | 758,334 | 431,004 | 729,179 | 0 | 0 | 0 | 35,000 | 34,000 |
| total current liabilities | 1,419,357 | 1,094,912 | 465,072 | 633,462 | 642,762 | 705,428 | 1,080,799 | 639,418 | 908,141 | 482,084 | 668,000 | 973,000 | 2,221,000 | 1,997,000 |
| loans | 2,186,633 | 2,382,457 | 2,569,276 | 2,747,505 | 2,917,538 | 3,079,752 | 3,234,507 | 3,382,146 | 3,522,996 | 3,657,369 | 3,785,000 | 3,908,000 | 4,292,000 | 5,159,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 |
| 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 | 112,761 | 73,145 | 162,788 | 150,903 | 247,629 | 231,383 | 227,573 | 66,779 | 114,603 | 110,484 | 121,000 | 90,000 | 63,000 | 843,000 |
| total long term liabilities | 2,299,394 | 2,455,602 | 2,732,064 | 2,898,408 | 3,165,167 | 3,311,135 | 3,462,080 | 3,448,925 | 3,637,599 | 3,767,853 | 3,906,000 | 3,998,000 | 4,355,000 | 6,006,000 |
| total liabilities | 3,718,751 | 3,550,514 | 3,197,136 | 3,531,870 | 3,807,929 | 4,016,563 | 4,542,879 | 4,088,343 | 4,545,740 | 4,249,937 | 4,574,000 | 4,971,000 | 6,576,000 | 8,003,000 |
| net assets | -548,888 | -548,888 | -548,888 | -423,191 | -512,268 | -659,399 | -933,884 | -648,558 | -473,954 | -243,486 | 0 | 0 | -169,000 | -522,000 |
| total shareholders funds | -548,888 | -548,888 | -548,888 | -423,191 | -512,268 | -659,399 | -933,884 | -648,558 | -473,954 | -243,486 | 0 | 0 | -169,000 | -522,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 126,731 | 135,322 | 17,820 | -964,672 | -948,694 | -1,559,603 | -112,626 | 4,573 | -45,112 | -1,812,629 | -1,858,000 | -2,453,000 | -1,740,000 | -2,672,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 249,000 | 260,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 832,000 | 140,000 |
| Tax | 0 | 0 | 0 | 205,085 | 254,621 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,000 | 33,000 |
| Stock | 6,333 | 8,053 | -24,026 | 4,069 | -22,536 | 21,537 | 11,233 | -7,398 | -14,710 | -31,707 | 14,000 | -334,000 | -56,000 | 500,000 |
| Debtors | 161,101 | 333,329 | -430,107 | -136,055 | -33,972 | -295,611 | 145,316 | -609,817 | 69,373 | -526,941 | 1,279,000 | 186,000 | -345,000 | 826,000 |
| Creditors | -11,279 | 201,075 | 19,595 | -79,903 | 21,058 | -112,537 | 107,262 | 22,975 | -309,301 | -314,110 | -305,000 | -43,000 | -20,000 | 1,036,000 |
| Accruals and Deferred Income | -41,998 | 54,567 | 26,962 | -168,782 | -91,183 | -269,950 | 327,330 | -298,175 | 729,179 | 0 | 0 | -35,000 | 1,000 | 34,000 |
| Deferred Taxes & Provisions | 39,616 | -89,643 | 11,885 | -96,726 | 16,246 | 3,810 | 160,794 | -47,824 | 4,119 | -10,516 | 31,000 | 27,000 | -780,000 | 843,000 |
| Cash flow from operations | -54,364 | -40,061 | 530,395 | -973,012 | -691,444 | -1,664,206 | 326,211 | 298,764 | 324,222 | -1,578,607 | -3,425,000 | -2,356,000 | -1,019,000 | -1,652,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,242,943 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -125,000 | 2,000 | 123,000 |
| Group/Directors Accounts | 377,722 | 374,198 | -214,947 | 239,385 | 7,459 | 7,116 | 6,789 | 6,477 | 6,179 | 128,194 | 0 | -1,045,000 | 241,000 | 804,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -195,824 | -186,819 | -178,229 | -170,033 | -162,214 | -154,755 | -147,639 | -140,850 | -134,373 | -127,631 | -123,000 | -384,000 | -867,000 | 5,159,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 4,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -126,731 | -135,322 | -143,517 | -151,336 | -158,795 | -165,911 | -172,700 | -179,177 | -185,356 | -191,251 | -197,000 | -202,000 | -228,000 | -234,000 |
| cash flow from financing | 55,167 | 52,057 | -536,693 | -81,984 | -313,551 | -313,551 | -313,550 | -313,550 | -313,550 | -190,688 | -320,000 | -1,587,000 | -857,000 | 5,672,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 803 | 11,996 | -6,298 | -54,996 | -4,995 | 22,243 | 12,661 | -14,786 | 10,672 | -8,844 | 34,000 | -112,000 | 12,000 | 111,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 803 | 11,996 | -6,298 | -54,996 | -4,995 | 22,243 | 12,661 | -14,786 | 10,672 | -8,844 | 34,000 | -112,000 | 12,000 | 111,000 |
mersey ferries limited Credit Report and Business Information
Mersey Ferries Limited Competitor Analysis
Perform a competitor analysis for mersey ferries limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mersey ferries limited Ownership
MERSEY FERRIES LIMITED group structure
Mersey Ferries Limited has 1 subsidiary company.
Ultimate parent company
MERSEYTRAVEL
#0164293
2 parents
MERSEY FERRIES LIMITED
02495472
1 subsidiary
mersey ferries limited directors
Mersey Ferries Limited currently has 3 directors. The longest serving directors include Ms Elizabeth Dean (Sep 2009) and Mrs Kirsty McLean (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Elizabeth Dean | England | 55 years | Sep 2009 | - | Director |
| Mrs Kirsty McLean | England | 47 years | Oct 2020 | - | Director |
| Mr Richard McGuckin | 51 years | Dec 2022 | - | Director |
P&L
March 2023turnover
3.7m
+29%
operating profit
126.7k
-6%
gross margin
28.6%
+13.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-548.9k
0%
total assets
3.2m
+0.06%
cash
13.5k
+0.06%
net assets
Total assets minus all liabilities
mersey ferries limited company details
company number
02495472
Type
Private Ltd By Guarantee w/o Share Cap
industry
50300 - Inland passenger water transport
incorporation date
April 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
1 mann island, liverpool, L3 1BP
last accounts submitted
March 2023
mersey ferries 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 did not find charges/mortgages relating to mersey ferries limited.
mersey ferries limited Companies House Filings - See Documents
| date | description | view/download |
|---|
