Siem Shipping Uk Limited

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siem shipping uk limited Company Information

Live

MatureMidLow

Company Number

02857005

Website

www.siemcarcarriers.com

Registered Address

40 brighton road, sutton, SM2 5BN

Industry

Sea and coastal freight water transport

Telephone

442077470500

Next Accounts Due

September 2024

Group Structure

View All

Directors

Kenneth Ross9 Years

Charles Bondi9 Years

Shareholders

siem shipowning inc 100%

siem shipping uk limited Estimated Valuation

£6.7m - £12.4m

The estimated valuation range for siem shipping uk limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £6.7m to £12.4m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Siem Shipping Uk Limited is a live company located in sutton, SM2 5BN with a Companies House number of 02857005. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in September 1993, it's largest shareholder is siem shipowning inc with a 100% stake. Siem Shipping Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.2m with low growth in recent years.

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Pomanda's financial health check has awarded Siem Shipping Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £7.2m, make it in line with the average company (£7.4m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SIEM SHIPPING UK LIMITED group structure

Siem Shipping Uk Limited has 1 subsidiary company.

Ultimate parent company

SIEM SHIPOWNING INC

#0113125

1 parent

SIEM SHIPPING UK LIMITED

02857005

1 subsidiary

COSTRETURN LIMITED

02685737

SIEM SHIPPING UK LIMITED Shareholders

siem shipowning inc

100%

Siem Shipping Uk Limited currently has 2 directors. The longest serving directors include Mr Kenneth Ross (Sep 2014) and Mr Charles Bondi (Sep 2014).

officer	country	age	start	end	role
Mr Kenneth Ross	England	56 years	Sep 2014	-	Director
Mr Charles Bondi	England	51 years	Sep 2014	-	Director

EXPORT

Siem Shipping Uk Limited's latest turnover from December 2022 is £7.2 million and the company has net assets of £7.6 million. According to their latest financial statements, Siem Shipping Uk Limited has 19 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	7,218,343	6,606,114	8,211,890	6,769,979	7,434,889	7,650,436	8,214,091	7,314,456	6,276,061	8,443,412	8,904,884	8,103,859	9,027,098	10,527,820
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,236,460	1,562,130	1,863,710	1,730,906	1,564,597	1,704,052	1,678,607	1,576,343	1,483,137	3,076,059	4,465,139	3,392,119	4,331,140	5,006,992
Gross Profit	4,981,883	5,043,984	6,348,180	5,039,072	5,870,292	5,946,384	6,535,484	5,738,113	4,792,924	5,367,353	4,439,745	4,711,740	4,695,958	5,520,828
Admin Expenses	4,074,877	4,404,263	5,428,446	4,532,975	4,852,917	4,259,949	5,618,457	5,315,991	4,914,436	4,866,160	4,418,939	8,417,666	4,097,522	4,908,365
Operating Profit	907,006	639,721	919,734	506,097	1,017,375	1,686,435	917,027	422,122	-121,512	501,193	20,806	-3,705,926	598,436	612,463
Interest Payable	720,569	576,978	631,039	658,149	883,757	231,851	191,434	139,814	124,803	118,724	139,603	128,139	130,559	164,938
Interest Receivable	522,337	316,895	345,414	473,808	437,725	316,896	192,211	111,354	65,759	1,628	1,418	304	324	12,979
Pre-Tax Profit	828,019	1,036,395	561,628	328,789	555,329	1,748,902	813,107	349,891	-266,698	358,602	-191,150	-3,803,241	413,058	652,159
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	828,019	1,036,395	561,628	328,789	555,329	1,748,902	813,107	349,891	-266,698	358,602	-191,150	-3,803,241	413,058	652,159
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	828,019	1,036,395	561,628	328,789	555,329	1,748,902	813,107	349,891	-266,698	358,602	-191,150	-3,803,241	413,058	652,159
Employee Costs	2,068,306	2,234,613	2,208,429	1,960,592	2,132,790	1,354,163	2,760,584	2,692,897	2,258,379	2,061,042	1,784,762	2,012,145	1,410,684	2,147,418
Number Of Employees	19	21	24	25	27	27	27	25	25	22	21	23	23	22
EBITDA*	914,510	653,160	1,167,335	721,150	1,238,526	1,878,281	1,093,015	591,953	184,701	715,084	226,445	-3,071,819	1,239,629	1,264,535

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	874,844	869,875	929,481	1,005,518	1,236,954	1,310,980	971,739	1,141,567	1,358,555	1,675,906	1,980,360	2,083,432	6,249,818	6,825,104
Intangible Assets	0	6,884	21,715	32,953	48,891	66,561	10,352	16,512	18,254	0	0	0	0	0
Investments & Other	12,637	12,637	13,503	11,518	11,815	8,998	8,998	8,998	8,998	8,998	8,998	8,998	8,998	8,998
Debtors (Due After 1 year)	0	0	0	0	0	0	0	5,223,261	4,364,579	0	0	0	0	0
Total Fixed Assets	887,482	889,397	964,699	1,049,990	1,297,660	1,386,539	991,089	6,390,338	5,750,386	1,684,904	1,989,358	2,092,430	6,258,816	6,834,102
Stock & work in progress	44,883	56,252	32,672	27,664	43,177	28,079	51,553	33,151	32,485	51,513	42,807	70,975	71,273	102,658
Trade Debtors	721,925	406,020	590,768	239,386	232,486	290,683	490,788	136,823	230,968	18,832	101,796	535,799	126,309	308,811
Group Debtors	4,152,280	12,595,321	15,239,219	11,548,431	10,970,104	10,996,297	9,225,431	2,473	498,020	4,821,302	4,467,335	9,387,198	4,936,663	3,428,553
Misc Debtors	587,984	125,461	501,842	1,203,851	226,109	293,835	318,121	280,043	269,166	239,275	276,951	243,471	207,230	175,889
Cash	3,080,063	1,782,499	383,106	627,355	618,385	491,039	1,095,216	1,093,402	360,544	134,054	36,485	144,255	111,375	169,486
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,587,136	14,965,554	16,747,608	13,646,687	12,090,262	12,099,933	11,181,109	1,545,892	1,391,183	5,264,976	4,925,374	10,381,698	5,452,850	4,185,397
total assets	9,474,618	15,854,951	17,712,307	14,696,677	13,387,922	13,486,472	12,172,198	7,936,230	7,141,569	6,949,880	6,914,732	12,474,128	11,711,666	11,019,499
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	0	0
Trade Creditors	276,197	160,273	253,177	134,606	90,775	375,906	190,782	85,995	176,557	146,496	155,244	133,975	155,729	232,651
Group/Directors Accounts	88,152	8,327,101	10,527,390	9,236,200	8,108,140	7,367,212	7,909,421	27,052	5,101	0	165,295	5,308,744	1,112,619	244,229
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	1,555,869	641,197	851,866	545,628	622,779	1,794,790	1,543,724	867,589	481,536	371,825	627,070	788,187	508,231	1,330,634
total current liabilities	1,920,219	9,128,571	11,632,433	9,916,434	8,821,694	9,537,908	9,643,927	980,636	663,194	518,321	947,609	6,230,906	1,776,579	1,807,514
loans	0	0	0	0	0	0	0	5,466,737	5,339,409	5,025,895	4,920,061	5,005,010	4,893,634	4,583,590
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	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	5,466,737	5,339,409	5,025,895	4,920,061	5,005,010	4,893,634	4,583,590
total liabilities	1,920,219	9,128,571	11,632,433	9,916,434	8,821,694	9,537,908	9,643,927	6,447,373	6,002,603	5,544,216	5,867,670	11,235,916	6,670,213	6,391,104
net assets	7,554,399	6,726,380	6,079,874	4,780,243	4,566,228	3,948,564	2,528,271	1,488,857	1,138,966	1,405,664	1,047,062	1,238,212	5,041,453	4,628,395
total shareholders funds	7,554,399	6,726,380	6,079,874	4,780,243	4,566,228	3,948,564	2,528,271	1,488,857	1,138,966	1,405,664	1,047,062	1,238,212	5,041,453	4,628,395

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	907,006	639,721	919,734	506,097	1,017,375	1,686,435	917,027	422,122	-121,512	501,193	20,806	-3,705,926	598,436	612,463
Depreciation	621	0	231,276	200,344	204,295	181,876	169,828	169,831	306,213	213,891	205,639	634,107	641,193	652,072
Amortisation	6,883	13,439	16,325	14,709	16,856	9,970	6,160	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	-11,369	23,581	5,008	-15,514	15,098	-23,474	18,402	666	-19,028	8,706	-28,168	-298	-31,385	102,658
Debtors	-7,664,614	-3,205,026	3,340,161	1,562,969	-152,116	1,546,475	4,391,740	279,867	283,324	233,327	-5,320,386	4,896,266	1,356,949	3,913,253
Creditors	115,924	-92,903	118,571	43,831	-285,131	185,124	104,787	-90,562	30,061	-8,748	21,269	-21,754	-76,922	232,651
Accruals and Deferred Income	914,672	-210,669	306,238	-77,151	-1,172,011	251,066	676,135	386,053	109,711	-255,245	-161,117	279,956	-822,403	1,330,634
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	9,621,089	3,531,033	-1,753,025	-859,625	-81,598	791,470	-2,536,205	606,911	60,177	209,058	5,435,151	-7,709,585	-985,260	-1,188,091
Investing Activities
capital expenditure	-5,590	60,998	-160,325	32,321	-129,455	-587,296	0	48,899	-7,116	90,563	-102,567	3,532,279	-65,907	-7,477,176
Change in Investments	0	-866	1,985	-297	2,817	0	0	0	0	0	0	0	0	8,998
cash flow from investments	-5,590	61,864	-162,310	32,618	-132,272	-587,296	0	48,899	-7,116	90,563	-102,567	3,532,279	-65,907	-7,486,174
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-8,238,949	-2,200,289	1,291,190	1,128,061	740,928	-542,209	7,882,369	21,951	5,101	-165,295	-5,143,449	4,196,125	868,390	244,229
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	-5,466,737	127,328	313,514	105,834	-84,949	111,376	310,044	4,583,590
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	-389,889	738,003	-114,774	62,335	-328,609	226,307	0	0	0	0	0	0	3,976,236
interest	-198,232	-260,083	-285,625	-184,341	-446,032	85,045	777	-28,460	-59,044	-117,096	-138,185	-127,835	-130,235	-151,959
cash flow from financing	-8,437,181	-2,850,261	1,743,568	828,946	357,231	-785,773	2,642,716	120,819	259,571	-176,557	-5,366,583	4,179,666	1,048,199	8,652,096
cash and cash equivalents
cash	1,297,565	1,399,392	-244,248	8,969	127,346	-604,177	1,814	732,858	226,490	97,569	-107,770	32,880	-58,111	169,486
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,297,565	1,399,392	-244,248	8,969	127,346	-604,177	1,814	732,858	226,490	97,569	-107,770	32,880	-58,111	169,486

P&L

December 2022

turnover

7.2m

+9%

operating profit

907k

+42%

gross margin

69.1%

-9.61%

turnover

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

Balance Sheet

December 2022

net assets

7.6m

+0.12%

total assets

9.5m

-0.4%

cash

3.1m

+0.73%

net assets

Total assets minus all liabilities

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company number

02857005

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

September 1993

age

accounts

Full Accounts

ultimate parent company

SIEM SHIPOWNING INC

previous names

star reefers uk limited (November 2017)

albion reefers limited (November 2003)

incorporated

address

40 brighton road, sutton, SM2 5BN

last accounts submitted

December 2022

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 22 charges/mortgages relating to siem shipping uk limited. Currently there are 2 open charges and 20 have been satisfied in the past.

siem shipping uk limited Company Information

siem shipping uk limited Estimated Valuation

siem shipping uk limited Estimated Valuation

siem shipping uk limited Estimated Valuation

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siem shipping uk limited Companies House Filings - See Documents