msc cruises limited Company Information
Company Number
02974020
Website
www.msccruises.co.ukRegistered Address
5 roundwood avenue, stockley park, uxbridge, UB11 1AF
Industry
Travel agency activities
Telephone
02070922880
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
msc crociere sa 100%
msc cruises limited Estimated Valuation
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
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
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
4 Strong
3 Regular
3 Weak
Size
annual sales of £17.1m, make it in line with the average company (£15.1m)
- Msc Cruises Limited
£15.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (18.7%)
- Msc Cruises Limited
18.7% - Industry AVG
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Msc Cruises Limited
24.6% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (4%)
- Msc Cruises Limited
4% - Industry AVG
Employees
with 116 employees, this is above the industry average (37)
116 - Msc Cruises Limited
37 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
£42k - Msc Cruises Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £147.6k, this is less efficient (£290.6k)
- Msc Cruises Limited
£290.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Msc Cruises Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (35 days)
- Msc Cruises Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Msc Cruises Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
Dec 2023 | 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 | 4,487,849 | 4,099,014 | 4,187,163 | 3,259,798 | 3,083,622 | 2,927,591 | 2,769,219 | 2,589,223 | 2,413,217 | 2,560,958 | |||||
Other Income Or Grants | 0 | 0 | 0 | ||||||||||||
Cost Of Sales | 0 | 0 | 0 | ||||||||||||
Gross Profit | 4,487,849 | 4,099,014 | 4,187,163 | ||||||||||||
Admin Expenses | 4,317,127 | 3,940,632 | 4,023,927 | ||||||||||||
Operating Profit | 170,722 | 158,382 | 163,236 | 98,322 | 91,484 | 81,516 | 71,716 | 78,440 | 72,307 | 79,550 | |||||
Interest Payable | 4,827 | 5,045 | 5,814 | 2,318 | 0 | 0 | 208 | 1,245 | 0 | 0 | |||||
Interest Receivable | 6,715 | 4,318 | 3,623 | 29,373 | 27,117 | 31,084 | 35,001 | 22,390 | 20,509 | 16,078 | |||||
Pre-Tax Profit | 172,610 | 157,655 | 161,045 | 125,377 | 118,601 | 112,600 | 106,509 | 99,585 | 92,816 | 95,628 | |||||
Tax | -51,049 | -41,244 | -42,902 | -37,716 | -32,700 | -42,919 | -34,447 | -36,548 | -35,301 | -36,908 | |||||
Profit After Tax | 121,561 | 116,411 | 118,143 | 87,661 | 85,901 | 69,681 | 72,062 | 63,037 | 57,515 | 58,720 | |||||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Retained Profit | 121,561 | 116,411 | 118,143 | 87,661 | 85,901 | 69,681 | 72,062 | 63,037 | 57,515 | 58,720 | |||||
Employee Costs | 4,867,888 | 3,697,461 | 2,791,400 | 2,813,201 | 3,127,031 | 2,750,700 | 2,482,529 | 2,243,770 | 2,079,349 | 1,925,272 | 1,841,221 | 1,640,475 | |||
Number Of Employees | 116 | 78 | 68 | 76 | 84 | 75 | 64 | 61 | 59 | 58 | 51 | ||||
EBITDA* | 221,098 | 209,922 | 209,868 | 125,801 | 114,438 | 116,118 | 101,923 | 103,038 | 90,398 | 100,403 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 80,600 | 3,208 | 4,892 | 7,327 | 16,240 | 29,488 | 56,550 | 99,824 | 119,520 | 26,768 | 39,477 | 73,490 | 71,922 | 28,854 | 27,439 |
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 | 80,600 | 3,208 | 4,892 | 7,327 | 16,240 | 29,488 | 56,550 | 99,824 | 119,520 | 26,768 | 39,477 | 73,490 | 71,922 | 28,854 | 27,439 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 89,438 | 109,117 | 27,135 | 0 | 137,598 | 85,349 | 313,318 | 57,669 | 82,681 |
Group Debtors | 2,370,573 | 1,181,945 | 5,251,079 | 1,612,902 | 2,896,285 | 3,024,843 | 185,795 | 7,595,819 | 5,144,475 | 1,030,419 | 664,932 | 638,610 | 0 | 0 | 248,205 |
Misc Debtors | 62,990 | 78,125 | 95,946 | 104,726 | 98,076 | 77,281 | 79,971 | 168,239 | 225,239 | 272,168 | 250,183 | 201,119 | 188,939 | 190,230 | 189,882 |
Cash | 373,375 | 2,982,034 | 3,267,037 | 2,392,839 | 735,464 | 1,528,886 | 2,018,815 | 2,997,359 | 1,821,009 | 5,297,764 | 5,925,176 | 3,573,552 | 3,678,060 | 4,233,256 | 1,822,312 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,187 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,806,938 | 4,242,104 | 8,614,062 | 4,110,467 | 3,729,825 | 4,631,010 | 2,374,019 | 10,870,534 | 7,220,045 | 6,600,351 | 6,977,889 | 4,498,630 | 4,180,317 | 4,481,155 | 2,343,080 |
total assets | 2,887,538 | 4,245,312 | 8,618,954 | 4,117,794 | 3,746,065 | 4,660,498 | 2,430,569 | 10,970,358 | 7,339,565 | 6,627,119 | 7,017,366 | 4,572,120 | 4,252,239 | 4,510,009 | 2,370,519 |
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 | 74,366 | 27,058 | 15,434 | 14,052 | 78,250 | 52,310 | 32,611 | 50,230 | 37,317 | 38,836 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 1,660,724 | 6,175,157 | 1,750,248 | 1,265,779 | 2,323,730 | 141,371 | 0 | 0 | 0 | 0 | 0 | 139,228 | 786,938 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 22,667 | 26,095 | 23,750 | 21,911 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,371 | 8,226 | 0 |
other current liabilities | 344,816 | 256,743 | 162,005 | 114,089 | 185,414 | 177,423 | 241,244 | 8,987,248 | 5,458,845 | 4,953,293 | 5,468,277 | 3,092,712 | 2,704,294 | 2,369,165 | 1,433,727 |
total current liabilities | 419,182 | 1,944,525 | 6,352,596 | 1,878,389 | 1,529,443 | 2,576,130 | 441,321 | 9,061,228 | 5,518,073 | 4,992,129 | 5,468,277 | 3,092,712 | 2,844,893 | 3,164,329 | 1,433,727 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 21,299 | 48,371 | 74,937 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,371 | 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 | 0 | 0 | 0 |
provisions | 332 | 610 | 929 | 1,392 | 3,085 | 5,602 | 10,744 | 19,965 | 23,904 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 332 | 610 | 929 | 1,392 | 3,085 | 5,602 | 32,043 | 68,336 | 98,841 | 0 | 0 | 0 | 0 | 1,371 | 0 |
total liabilities | 419,514 | 1,945,135 | 6,353,525 | 1,879,781 | 1,532,528 | 2,581,732 | 473,364 | 9,129,564 | 5,616,914 | 4,992,129 | 5,468,277 | 3,092,712 | 2,844,893 | 3,165,700 | 1,433,727 |
net assets | 2,468,024 | 2,300,177 | 2,265,429 | 2,238,013 | 2,213,537 | 2,078,766 | 1,957,205 | 1,840,794 | 1,722,651 | 1,634,990 | 1,549,089 | 1,479,408 | 1,407,346 | 1,344,309 | 936,792 |
total shareholders funds | 2,468,024 | 2,300,177 | 2,265,429 | 2,238,013 | 2,213,537 | 2,078,766 | 1,957,205 | 1,840,794 | 1,722,651 | 1,634,990 | 1,549,089 | 1,479,408 | 1,407,346 | 1,344,309 | 936,792 |
Dec 2023 | 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 | 170,722 | 158,382 | 163,236 | 98,322 | 91,484 | 81,516 | 71,716 | 78,440 | 72,307 | 79,550 | |||||
Depreciation | 1,748 | 3,390 | 0 | 0 | 18,861 | 50,376 | 51,540 | 46,632 | 27,479 | 22,954 | 34,602 | 30,207 | 24,598 | 18,091 | 20,853 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -51,049 | -41,244 | -42,902 | -37,716 | -32,700 | -42,919 | -34,447 | -36,548 | -35,301 | -36,908 | |||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 1,173,493 | -4,086,955 | 3,629,397 | -1,276,733 | -107,763 | 2,746,920 | -7,517,971 | 2,476,326 | 4,094,262 | 249,874 | 127,635 | 422,821 | 254,358 | -272,869 | 520,768 |
Creditors | 47,308 | 11,624 | 1,382 | -64,198 | 25,940 | 19,699 | -17,619 | 12,913 | -1,519 | 38,836 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 88,073 | 94,738 | 47,916 | -71,325 | 7,991 | -63,821 | -8,746,004 | 3,528,403 | 505,552 | -514,984 | 2,375,565 | 388,418 | 335,129 | 935,438 | 1,433,727 |
Deferred Taxes & Provisions | -278 | -319 | -463 | -1,693 | -2,517 | -5,142 | -9,221 | -3,939 | 23,904 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -2,626,135 | -1,086,195 | 1,228,017 | -3,478,240 | -644,284 | 2,321,129 | 33,073 | 147,261 | 1,263,404 | 976,454 | |||||
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | -23,314 | -9,089 | -28,524 | -117,731 | -10,245 | -589 | -31,775 | -77,137 | -19,505 | -9,197 | |
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | -23,314 | -9,089 | -28,524 | -117,731 | -10,245 | -589 | -31,775 | -77,137 | -19,505 | -9,197 | |
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -1,660,724 | -4,514,433 | 4,424,909 | 484,469 | -1,057,951 | 2,182,359 | 141,371 | 0 | 0 | 0 | 0 | -139,228 | -647,710 | 786,938 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | -22,667 | -3,428 | 2,345 | 1,839 | 21,911 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | -21,299 | -27,072 | -26,566 | 74,937 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,371 | -8,226 | 9,597 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 1,888 | -727 | -2,191 | 27,055 | 27,117 | 31,084 | 34,793 | 21,145 | 20,509 | 16,078 | |||||
cash flow from financing | 2,159,520 | 115,917 | -26,918 | 123,903 | 27,117 | 31,084 | -105,806 | -634,791 | 1,167,046 | 894,150 | |||||
cash and cash equivalents | |||||||||||||||
cash | -2,608,659 | -285,003 | 874,198 | 1,657,375 | -793,422 | -489,929 | -978,544 | 1,176,350 | -3,476,755 | -627,412 | 2,351,624 | -104,508 | -555,196 | 2,410,944 | 1,822,312 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -2,608,659 | -285,003 | 874,198 | 1,657,375 | -793,422 | -489,929 | -978,544 | 1,176,350 | -3,476,755 | -627,412 | 2,351,624 | -104,508 | -555,196 | 2,410,944 | 1,822,312 |
msc cruises limited Credit Report and Business Information
Msc Cruises Limited Competitor Analysis
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 directors
Msc Cruises Limited currently has 4 directors. The longest serving directors include Mr Antonio Paradiso (Apr 2016) and Mr Simon Palmer (Sep 2024).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Antonio Paradiso | England | 42 years | Apr 2016 | - | Director |
Mr Simon Palmer | United Kingdom | 59 years | Sep 2024 | - | Director |
Mr Luca Del Nunzio | Switzerland | 43 years | Sep 2024 | - | Director |
Mr Alistair Campbell | England | 55 years | Sep 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
msc cruises limited Companies House Filings - See Documents
date | description | view/download |
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