Offshore Marine Services Limited

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offshore marine services limited Company Information

Live

MatureMicroLow

Company Number

02593566

Next Accounts

Apr 2025

Industry

Other business support service activities n.e.c.

Directors

Martin Woodward

Shareholders

martin woodward

Group Structure

View All

Contact

Registered Address

mariners, lane end, bembridge, isle of wight, PO35 5TA

Website

http://iowight.com

offshore marine services limited Estimated Valuation

£55.4k

Pomanda estimates the enterprise value of OFFSHORE MARINE SERVICES LIMITED at £55.4k based on a Turnover of £144k and 0.39x industry multiple (adjusted for size and gross margin).

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Offshore Marine Services Limited is a live company located in bembridge, PO35 5TA with a Companies House number of 02593566. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 1991, it's largest shareholder is martin woodward with a 100% stake. Offshore Marine Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £144k with low growth in recent years.

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Pomanda's financial health check has awarded Offshore Marine Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £144k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.9%)

EXPORT

Offshore Marine Services Limited's latest turnover from July 2023 is estimated at £144 thousand and the company has net assets of -£22.5 thousand. According to their latest financial statements, we estimate that Offshore Marine Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	143,969	146,425	141,254	139,339	145,613	116,757	162,090	165,043	12,675	13,543	185,371	198,509	10,838	9,550	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	118,950	121,705	119,736	115,872	121,234	97,102	134,004	135,712	10,550	11,324	154,211	163,536	8,845	7,653	0
Gross Profit	25,019	24,720	21,518	23,467	24,378	19,655	28,085	29,330	2,126	2,219	31,160	34,973	1,993	1,896	0
Admin Expenses	34,626	36,955	25,248	36,772	35,524	19,962	1,260	45,042	-9,748	5,127	39,059	3,980	9,338	-78,217	18,688
Operating Profit	-9,607	-12,235	-3,730	-13,305	-11,146	-307	26,825	-15,712	11,874	-2,908	-7,899	30,993	-7,345	80,113	-18,688
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	5,409	12,205	13,416	6,620
Interest Receivable	0	0	0	0	0	0	3	31	33	13	78	74	154	158	5
Pre-Tax Profit	-9,607	-12,235	-3,730	-13,305	-11,146	-307	26,828	-15,681	11,908	-2,895	-7,821	25,658	-19,396	66,856	-25,304
Tax	0	0	0	0	0	0	-5,097	0	-2,381	0	0	-6,158	0	-18,720	0
Profit After Tax	-9,607	-12,235	-3,730	-13,305	-11,146	-307	21,731	-15,681	9,526	-2,895	-7,821	19,500	-19,396	48,136	-25,304
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,607	-12,235	-3,730	-13,305	-11,146	-307	21,731	-15,681	9,526	-2,895	-7,821	19,500	-19,396	48,136	-25,304
Employee Costs	47,273	44,739	42,469	41,456	41,321	39,196	37,862	38,003	37,500	37,617	36,866	36,785	35,877	35,285	0
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0
EBITDA*	-9,607	-12,235	-3,730	-13,305	-11,146	-307	26,825	-8,977	19,165	4,501	27	39,453	1,722	87,074	-11,389

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	68,598	72,553	76,282	82,140	87,419	81,962	84,885	109,869	116,604	121,373	127,944	135,218	142,626	141,994	148,955
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	68,598	72,553	76,282	82,140	87,419	81,962	84,885	109,869	116,604	121,373	127,944	135,218	142,626	141,994	148,955
Stock & work in progress	0	0	0	0	0	0	0	28,300	28,300	28,300	28,300	28,300	28,300	28,300	28,300
Trade Debtors	6,829	12,525	12,723	8,697	14,498	12,720	24,133	750	1,442	1,872	873	1,343	854	773	750
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	2,569	9,690	3,641	1,578	29,518	0	61,468	1,847
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,829	12,525	12,723	8,697	14,498	12,720	24,133	31,619	39,432	33,813	30,751	59,161	29,154	90,541	30,897
total assets	75,427	85,078	89,005	90,837	101,917	94,682	109,018	141,488	156,036	155,186	158,695	194,379	171,780	232,535	179,852
Bank overdraft	0	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	0	0	0
Trade Creditors	97,961	98,005	89,697	87,799	85,574	67,193	81,222	135,323	620	601	143,480	171,343	1,804	500	1,354
Group/Directors Accounts	0	0	0	0	0	0	0	0	133,570	142,265	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	97,961	98,005	89,697	87,799	85,574	67,193	81,222	135,323	134,190	142,866	143,480	171,343	1,804	500	1,354
loans	0	0	0	0	0	0	0	0	0	0	0	0	166,439	209,102	203,702
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	1	1	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	166,440	209,103	203,702
total liabilities	97,961	98,005	89,697	87,799	85,574	67,193	81,222	135,323	134,190	142,866	143,480	171,343	168,244	209,603	205,056
net assets	-22,534	-12,927	-692	3,038	16,343	27,489	27,796	6,165	21,846	12,320	15,215	23,036	3,536	22,932	-25,204
total shareholders funds	-22,534	-12,927	-692	3,038	16,343	27,489	27,796	6,165	21,846	12,320	15,215	23,036	3,536	22,932	-25,204

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-9,607	-12,235	-3,730	-13,305	-11,146	-307	26,825	-15,712	11,874	-2,908	-7,899	30,993	-7,345	80,113	-18,688
Depreciation	0	0	0	0	0	0	0	6,735	7,291	7,409	7,926	8,460	9,067	6,961	7,299
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	-5,097	0	-2,381	0	0	-6,158	0	-18,720	0
Stock	0	0	0	0	0	0	-28,300	0	0	0	0	0	0	0	28,300
Debtors	-5,696	-198	4,026	-5,801	1,778	-11,413	23,383	-692	-430	999	-470	489	81	23	750
Creditors	-44	8,308	1,898	2,225	18,381	-14,029	-54,101	134,703	19	-142,879	-27,863	169,539	1,304	-854	1,354
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-3,955	-3,729	-5,858	-5,279	5,457	-2,923	-27,456	126,418	17,233	-139,377	-27,366	202,345	2,945	67,477	-39,085
Investing Activities
capital expenditure	3,955	3,729	5,858	5,279	-5,457	2,923	24,984	0	-2,522	-838	-652	-1,052	-9,699	0	-156,254
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,955	3,729	5,858	5,279	-5,457	2,923	24,984	0	-2,522	-838	-652	-1,052	-9,699	0	-156,254
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-133,570	-8,695	142,265	0	0	0	0	0
Other Short Term Loans	0	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	-166,439	-42,663	5,400	203,702
Hire Purchase and Lease Commitments	0	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	-1	0	1	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	3	31	33	13	78	-5,335	-12,051	-13,258	-6,615
cash flow from financing	0	0	0	0	0	0	-97	-133,539	-8,662	142,278	78	-171,775	-54,714	-7,857	197,187
cash and cash equivalents
cash	0	0	0	0	0	0	-2,569	-7,121	6,049	2,063	-27,940	29,518	-61,468	59,621	1,847
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-2,569	-7,121	6,049	2,063	-27,940	29,518	-61,468	59,621	1,847

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for offshore marine services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in PO35 area or any other competitors across 12 key performance metrics.

OFFSHORE MARINE SERVICES LIMITED group structure

Offshore Marine Services Limited has no subsidiary companies.

Ultimate parent company

OFFSHORE MARINE SERVICES LIMITED

02593566

OFFSHORE MARINE SERVICES LIMITED Shareholders

martin woodward

100%

Offshore Marine Services Limited currently has 1 director, Mr Martin Woodward serving since Jun 1991.

officer	country	age	start	end	role
Mr Martin Woodward	England	76 years	Jun 1991	-	Director

P&L

July 2023

turnover

144k

-2%

operating profit

-9.6k

gross margin

17.4%

+2.94%

turnover

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

Balance Sheet

July 2023

net assets

-22.5k

+0.74%

total assets

75.4k

-0.11%

cash

net assets

Total assets minus all liabilities

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company number

02593566

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

March 1991

ultimate parent company

None

previous names

isleway limited (August 1991)

address

mariners, lane end, bembridge, isle of wight, PO35 5TA

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offshore marine services limited Company Information

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offshore marine services limited Estimated Valuation

offshore marine services limited Estimated Valuation

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