msc cruises limited

4

msc cruises limited Company Information

Share MSC CRUISES LIMITED
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MatureMidRapid

Company Number

02974020

Registered Address

5 roundwood avenue, stockley park, uxbridge, UB11 1AF

Industry

Travel agency activities

 

Telephone

02070922880

Next Accounts Due

September 2025

Group Structure

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Directors

Antonio Paradiso8 Years

Simon Palmer0 Years

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Shareholders

msc crociere sa 100%

msc cruises limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of MSC CRUISES LIMITED at £9.9m based on a Turnover of £17.1m and 0.58x industry multiple (adjusted for size and gross margin).

msc cruises limited Estimated Valuation

£454.4k

Pomanda estimates the enterprise value of MSC CRUISES LIMITED at £454.4k based on an EBITDA of £141.7k and a 3.21x industry multiple (adjusted for size and gross margin).

msc cruises limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of MSC CRUISES LIMITED at £3.3m based on Net Assets of £2.5m and 1.35x industry multiple (adjusted for liquidity).

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Msc Cruises Limited Overview

Msc Cruises Limited is a live company located in uxbridge, UB11 1AF with a Companies House number of 02974020. It operates in the travel agency activities sector, SIC Code 79110. Founded in October 1994, it's largest shareholder is msc crociere sa with a 100% stake. Msc Cruises Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.1m with rapid growth in recent years.

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Msc Cruises Limited Health Check

Pomanda's financial health check has awarded Msc Cruises Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £17.1m, make it in line with the average company (£15.1m)

£17.1m - Msc Cruises Limited

£15.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (18.7%)

47% - Msc Cruises Limited

18.7% - Industry AVG

production

Production

with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)

24.6% - Msc Cruises Limited

24.6% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (4%)

0.8% - Msc Cruises Limited

4% - Industry AVG

employees

Employees

with 116 employees, this is above the industry average (37)

116 - Msc Cruises Limited

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £42k, the company has an equivalent pay structure (£42k)

£42k - Msc Cruises Limited

£42k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £147.6k, this is less efficient (£290.6k)

£147.6k - Msc Cruises Limited

£290.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Msc Cruises Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (35 days)

2 days - Msc Cruises Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Msc Cruises Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (24 weeks)

46 weeks - Msc Cruises Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 14.5%, this is a lower level of debt than the average (80.1%)

14.5% - Msc Cruises Limited

80.1% - Industry AVG

MSC CRUISES LIMITED financials

EXPORTms excel logo

Msc Cruises Limited's latest turnover from December 2023 is estimated at £17.1 million and the company has net assets of £2.5 million. According to their latest financial statements, Msc Cruises Limited has 116 employees and maintains cash reserves of £373.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover17,117,4086,226,7282,590,1785,384,81810,586,5254,487,8494,099,0144,187,1633,259,7983,083,6222,927,5912,769,2192,589,2232,413,2172,560,958
Other Income Or Grants000000000000000
Cost Of Sales12,903,7394,574,0541,883,2414,186,6668,228,8410002,690,7842,553,9802,435,2672,313,2212,208,7052,063,7820
Gross Profit4,213,6691,652,674706,9371,198,1522,357,6844,487,8494,099,0144,187,163569,014529,642492,324455,998380,518349,4350
Admin Expenses4,073,7581,719,134680,1651,169,4992,199,0264,317,1273,940,6324,023,927470,692438,158410,808384,282302,078277,128-79,550
Operating Profit139,911-66,46026,77228,653158,658170,722158,382163,23698,32291,48481,51671,71678,44072,30779,550
Interest Payable00007654,8275,0455,8142,318002081,24500
Interest Receivable83,885109,3597,0751,5648,4916,7154,3183,62329,37327,11731,08435,00122,39020,50916,078
Pre-Tax Profit223,79642,89933,84730,217166,384172,610157,655161,045125,377118,601112,600106,50999,58592,81695,628
Tax-55,949-8,151-6,431-5,741-31,613-51,049-41,244-42,902-37,716-32,700-42,919-34,447-36,548-35,301-36,908
Profit After Tax167,84734,74827,41624,476134,771121,561116,411118,14387,66185,90169,68172,06263,03757,51558,720
Dividends Paid000000000000000
Retained Profit167,84734,74827,41624,476134,771121,561116,411118,14387,66185,90169,68172,06263,03757,51558,720
Employee Costs4,867,8883,697,4612,791,4002,813,2013,127,0312,750,7002,482,5292,243,7702,079,3491,925,2721,841,2211,640,475288,052283,7150
Number Of Employees116786876847564615958511210100
EBITDA*141,659-63,07026,77228,653177,519221,098209,922209,868125,801114,438116,118101,923103,03890,398100,403

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets80,6003,2084,8927,32716,24029,48856,55099,824119,52026,76839,47773,49071,92228,85427,439
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets80,6003,2084,8927,32716,24029,48856,55099,824119,52026,76839,47773,49071,92228,85427,439
Stock & work in progress000000000000000
Trade Debtors00000089,438109,11727,1350137,59885,349313,31857,66982,681
Group Debtors2,370,5731,181,9455,251,0791,612,9022,896,2853,024,843185,7957,595,8195,144,4751,030,419664,932638,61000248,205
Misc Debtors62,99078,12595,946104,72698,07677,28179,971168,239225,239272,168250,183201,119188,939190,230189,882
Cash373,3752,982,0343,267,0372,392,839735,4641,528,8862,018,8152,997,3591,821,0095,297,7645,925,1763,573,5523,678,0604,233,2561,822,312
misc current assets000000002,187000000
total current assets2,806,9384,242,1048,614,0624,110,4673,729,8254,631,0102,374,01910,870,5347,220,0456,600,3516,977,8894,498,6304,180,3174,481,1552,343,080
total assets2,887,5384,245,3128,618,9544,117,7943,746,0654,660,4982,430,56910,970,3587,339,5656,627,1197,017,3664,572,1204,252,2394,510,0092,370,519
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 74,36627,05815,43414,05278,25052,31032,61150,23037,31738,83600000
Group/Directors Accounts01,660,7246,175,1571,750,2481,265,7792,323,730141,37100000139,228786,9380
other short term finances0000022,66726,09523,75021,911000000
hp & lease commitments0000000000001,3718,2260
other current liabilities344,816256,743162,005114,089185,414177,423241,2448,987,2485,458,8454,953,2935,468,2773,092,7122,704,2942,369,1651,433,727
total current liabilities419,1821,944,5256,352,5961,878,3891,529,4432,576,130441,3219,061,2285,518,0734,992,1295,468,2773,092,7122,844,8933,164,3291,433,727
loans00000021,29948,37174,937000000
hp & lease commitments00000000000001,3710
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions3326109291,3923,0855,60210,74419,96523,904000000
total long term liabilities3326109291,3923,0855,60232,04368,33698,84100001,3710
total liabilities419,5141,945,1356,353,5251,879,7811,532,5282,581,732473,3649,129,5645,616,9144,992,1295,468,2773,092,7122,844,8933,165,7001,433,727
net assets2,468,0242,300,1772,265,4292,238,0132,213,5372,078,7661,957,2051,840,7941,722,6511,634,9901,549,0891,479,4081,407,3461,344,309936,792
total shareholders funds2,468,0242,300,1772,265,4292,238,0132,213,5372,078,7661,957,2051,840,7941,722,6511,634,9901,549,0891,479,4081,407,3461,344,309936,792
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit139,911-66,46026,77228,653158,658170,722158,382163,23698,32291,48481,51671,71678,44072,30779,550
Depreciation1,7483,3900018,86150,37651,54046,63227,47922,95434,60230,20724,59818,09120,853
Amortisation000000000000000
Tax-55,949-8,151-6,431-5,741-31,613-51,049-41,244-42,902-37,716-32,700-42,919-34,447-36,548-35,301-36,908
Stock000000000000000
Debtors1,173,493-4,086,9553,629,397-1,276,733-107,7632,746,920-7,517,9712,476,3264,094,262249,874127,635422,821254,358-272,869520,768
Creditors47,30811,6241,382-64,19825,94019,699-17,61912,913-1,51938,83600000
Accruals and Deferred Income88,07394,73847,916-71,3257,991-63,821-8,746,0043,528,403505,552-514,9842,375,565388,418335,129935,4381,433,727
Deferred Taxes & Provisions-278-319-463-1,693-2,517-5,142-9,221-3,93923,904000000
Cash flow from operations-952,6804,121,777-3,560,2211,162,429285,083-2,626,135-1,086,1951,228,017-3,478,240-644,2842,321,12933,073147,2611,263,404976,454
Investing Activities
capital expenditure-79,1400000-23,314-9,089-28,524-117,731-10,245-589-31,775-77,137-19,505-9,197
Change in Investments000000000000000
cash flow from investments-79,1400000-23,314-9,089-28,524-117,731-10,245-589-31,775-77,137-19,505-9,197
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-1,660,724-4,514,4334,424,909484,469-1,057,9512,182,359141,3710000-139,228-647,710786,9380
Other Short Term Loans 0000-22,667-3,4282,3451,83921,911000000
Long term loans00000-21,299-27,072-26,56674,937000000
Hire Purchase and Lease Commitments00000000000-1,371-8,2269,5970
other long term liabilities000000000000000
share issue0000000000000350,002878,072
interest83,885109,3597,0751,5647,7261,888-727-2,19127,05527,11731,08434,79321,14520,50916,078
cash flow from financing-1,576,839-4,405,0744,431,984486,033-1,072,8922,159,520115,917-26,918123,90327,11731,084-105,806-634,7911,167,046894,150
cash and cash equivalents
cash-2,608,659-285,003874,1981,657,375-793,422-489,929-978,5441,176,350-3,476,755-627,4122,351,624-104,508-555,1962,410,9441,822,312
overdraft000000000000000
change in cash-2,608,659-285,003874,1981,657,375-793,422-489,929-978,5441,176,350-3,476,755-627,4122,351,624-104,508-555,1962,410,9441,822,312

msc cruises limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Msc Cruises Limited Competitor Analysis

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Perform a competitor analysis for msc cruises limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in UB11 area or any other competitors across 12 key performance metrics.

msc cruises limited Ownership

MSC CRUISES LIMITED group structure

Msc Cruises Limited has no subsidiary companies.

Ultimate parent company

MSC MEDITERRANEAN SHIPPING CO HOLDING SA

#0056401

MSC CROCIERE SA

#0020093

2 parents

MSC CRUISES LIMITED

02974020

MSC CRUISES LIMITED Shareholders

msc crociere sa 100%

msc cruises limited directors

Msc Cruises Limited currently has 4 directors. The longest serving directors include Mr Antonio Paradiso (Apr 2016) and Mr Simon Palmer (Sep 2024).

officercountryagestartendrole
Mr Antonio ParadisoEngland42 years Apr 2016- Director
Mr Simon PalmerUnited Kingdom59 years Sep 2024- Director
Mr Luca Del NunzioSwitzerland43 years Sep 2024- Director
Mr Alistair CampbellEngland55 years Sep 2024- Director

P&L

December 2023

turnover

17.1m

+175%

operating profit

139.9k

0%

gross margin

24.7%

-7.25%

turnover

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

Balance Sheet

December 2023

net assets

2.5m

+0.07%

total assets

2.9m

-0.32%

cash

373.4k

-0.87%

net assets

Total assets minus all liabilities

msc cruises limited company details

company number

02974020

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

October 1994

age

30

incorporated

UK

ultimate parent company

MSC MEDITERRANEAN SHIPPING CO HOLDING SA

accounts

Small Company

last accounts submitted

December 2023

previous names

mediterranean shipping cruises limited (February 2005)

starlauro cruises limited (October 1995)

accountant

-

auditor

WHITE HART ASSOCIATES (LONDON) LIMITED

address

5 roundwood avenue, stockley park, uxbridge, UB11 1AF

Bank

COUTTS & CO

Legal Advisor

-

msc cruises 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 found 5 charges/mortgages relating to msc cruises limited. Currently there are 0 open charges and 5 have been satisfied in the past.

charges

msc cruises limited Companies House Filings - See Documents

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