dsv air & sea limited
dsv air & sea limited Company Information
Company Number
03114077
Website
www.uk.dsv.comRegistered Address
scandinavia house refinery road, parkeston, harwich, essex, CO12 4QG
Industry
Other transportation support activities
Telephone
08448800844
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
dsv air & sea holding a/s 100%
dsv air & sea limited Estimated Valuation
Pomanda estimates the enterprise value of DSV AIR & SEA LIMITED at £678.4m based on a Turnover of £804.4m and 0.84x industry multiple (adjusted for size and gross margin).
dsv air & sea limited Estimated Valuation
Pomanda estimates the enterprise value of DSV AIR & SEA LIMITED at £331.9m based on an EBITDA of £70.4m and a 4.72x industry multiple (adjusted for size and gross margin).
dsv air & sea limited Estimated Valuation
Pomanda estimates the enterprise value of DSV AIR & SEA LIMITED at £323.7m based on Net Assets of £187.3m and 1.73x industry multiple (adjusted for liquidity).
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Dsv Air & Sea Limited Overview
Dsv Air & Sea Limited is a live company located in harwich, CO12 4QG with a Companies House number of 03114077. It operates in the other transportation support activities sector, SIC Code 52290. Founded in October 1995, it's largest shareholder is dsv air & sea holding a/s with a 100% stake. Dsv Air & Sea Limited is a mature, mega sized company, Pomanda has estimated its turnover at £804.4m with rapid growth in recent years.
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Dsv Air & Sea Limited Health Check
Pomanda's financial health check has awarded Dsv Air & Sea Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £804.4m, make it larger than the average company (£10.9m)
£804.4m - Dsv Air & Sea Limited
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (8.3%)
53% - Dsv Air & Sea Limited
8.3% - Industry AVG
Production
with a gross margin of 13.7%, this company has a higher cost of product (23%)
13.7% - Dsv Air & Sea Limited
23% - Industry AVG
Profitability
an operating margin of 8.3% make it more profitable than the average company (5.1%)
8.3% - Dsv Air & Sea Limited
5.1% - Industry AVG
Employees
with 608 employees, this is above the industry average (44)
608 - Dsv Air & Sea Limited
44 - Industry AVG
Pay Structure
on an average salary of £51.2k, the company has an equivalent pay structure (£44.4k)
£51.2k - Dsv Air & Sea Limited
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£265.8k)
£1.3m - Dsv Air & Sea Limited
£265.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (50 days)
50 days - Dsv Air & Sea Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (37 days)
10 days - Dsv Air & Sea Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Dsv Air & Sea Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Dsv Air & Sea Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.6%, this is a lower level of debt than the average (66.4%)
56.6% - Dsv Air & Sea Limited
66.4% - Industry AVG
dsv air & sea limited Credit Report and Business Information
Dsv Air & Sea Limited Competitor Analysis
Perform a competitor analysis for dsv air & sea limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
dsv air & sea limited Ownership
DSV AIR & SEA LIMITED group structure
Dsv Air & Sea Limited has no subsidiary companies.
Ultimate parent company
DSV PANALPINA AS
#0124334
DSV AIR & SEA HOLDING AS
#0042074
2 parents
DSV AIR & SEA LIMITED
03114077
dsv air & sea limited directors
Dsv Air & Sea Limited currently has 3 directors. The longest serving directors include Mr Jens Lund (Aug 2013) and Mr Carsten Trolle (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jens Lund | England | 54 years | Aug 2013 | - | Director |
| Mr Carsten Trolle | England | 58 years | Feb 2015 | - | Director |
| Mr Ian Fryer | England | 45 years | Feb 2024 | - | Director |
DSV AIR & SEA LIMITED financials
Dsv Air & Sea Limited's latest turnover from December 2022 is £804.4 million and the company has net assets of £187.3 million. According to their latest financial statements, Dsv Air & Sea Limited has 608 employees and maintains cash reserves of £151 thousand 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 | 804,368,000 | 501,107,000 | 299,759,000 | 224,655,000 | 200,870,000 | 201,081,000 | 173,337,000 | 134,936,000 | 149,986,000 | 125,791,000 | 116,303,000 | 108,840,000 | 124,686,000 | 91,403,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 694,256,000 | 425,520,000 | 237,921,000 | 177,320,000 | 161,445,000 | 162,718,000 | 137,377,000 | 105,874,000 | 122,135,000 | 102,947,000 | 96,038,000 | 88,849,000 | 105,453,000 | 73,083,000 |
| Gross Profit | 110,112,000 | 75,587,000 | 61,838,000 | 47,335,000 | 39,425,000 | 38,363,000 | 35,960,000 | 29,062,000 | 27,851,000 | 22,844,000 | 20,265,000 | 19,991,000 | 19,233,000 | 18,320,000 |
| Admin Expenses | 43,650,000 | 34,513,000 | 35,002,000 | 34,140,000 | 24,788,000 | 26,822,000 | 26,824,000 | 19,196,000 | 18,921,000 | 17,533,000 | 14,681,000 | 13,834,000 | 13,862,000 | 14,932,000 |
| Operating Profit | 66,462,000 | 41,074,000 | 26,836,000 | 13,195,000 | 14,637,000 | 11,541,000 | 9,136,000 | 9,866,000 | 8,930,000 | 5,311,000 | 5,584,000 | 6,157,000 | 5,371,000 | 3,388,000 |
| Interest Payable | 6,835,000 | 2,615,000 | 2,994,000 | 1,654,000 | 565,000 | 649,000 | 604,000 | 249,000 | 195,000 | 150,000 | 690,000 | 774,000 | 813,000 | 893,000 |
| Interest Receivable | 2,604,000 | 930,000 | 463,000 | 577,000 | 6,000 | 0 | 6,000 | 1,000 | 2,000 | 2,000 | 604,000 | 721,000 | 672,000 | 596,000 |
| Pre-Tax Profit | 62,282,000 | 39,390,000 | 24,306,000 | 12,119,000 | 14,079,000 | 10,894,000 | 8,540,000 | 9,619,000 | 8,738,000 | 5,163,000 | 5,548,000 | 6,162,000 | 5,099,000 | 3,035,000 |
| Tax | -12,286,000 | -6,748,000 | -4,264,000 | -3,055,000 | -2,803,000 | -1,366,000 | -1,094,000 | -2,126,000 | -1,959,000 | -1,234,000 | -1,432,000 | -1,684,000 | -1,504,000 | -891,000 |
| Profit After Tax | 49,996,000 | 32,642,000 | 20,042,000 | 9,064,000 | 11,276,000 | 9,528,000 | 7,446,000 | 7,493,000 | 6,779,000 | 3,929,000 | 4,116,000 | 4,478,000 | 3,595,000 | 2,144,000 |
| Dividends Paid | 0 | 0 | 0 | 3,000,000 | 10,000,000 | 0 | 0 | 9,000,000 | 450,000 | 5,050,000 | 3,354,000 | 2,716,000 | 1,638,000 | 0 |
| Retained Profit | 49,996,000 | 32,642,000 | 20,042,000 | 6,064,000 | 1,276,000 | 9,528,000 | 7,446,000 | -1,507,000 | 6,329,000 | -983,000 | 1,008,000 | 1,762,000 | 1,957,000 | 2,144,000 |
| Employee Costs | 31,121,000 | 22,516,000 | 20,466,000 | 16,962,000 | 15,737,000 | 15,898,000 | 15,080,000 | 12,576,000 | 11,682,000 | 9,487,000 | 8,483,000 | 8,396,000 | 7,980,000 | 7,918,000 |
| Number Of Employees | 608 | 420 | 419 | 340 | 308 | 356 | 342 | 278 | 290 | 243 | 233 | 227 | 228 | 233 |
| EBITDA* | 70,359,000 | 45,157,000 | 29,881,000 | 15,645,000 | 15,296,000 | 12,302,000 | 9,697,000 | 10,279,000 | 9,351,000 | 5,416,000 | 5,642,000 | 6,195,000 | 5,415,000 | 3,432,000 |
* 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 | 11,688,000 | 6,984,000 | 3,649,000 | 11,663,000 | 906,000 | 994,000 | 1,277,000 | 278,000 | 376,000 | 399,000 | 834,000 | 846,000 | 577,000 | 2,873,000 |
| Intangible Assets | 252,356,000 | 218,564,000 | 132,124,000 | 132,428,000 | 47,510,000 | 47,814,000 | 48,119,000 | 24,429,000 | 24,733,000 | 25,040,000 | 13,841,000 | 13,841,000 | 13,841,000 | 13,841,000 |
| Investments & Other | 2,607,000 | 8,665,000 | 4,585,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,050,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 266,651,000 | 234,213,000 | 140,358,000 | 144,091,000 | 48,416,000 | 48,808,000 | 49,396,000 | 24,707,000 | 25,109,000 | 25,439,000 | 14,675,000 | 14,687,000 | 14,418,000 | 16,714,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 110,411,000 | 247,554,000 | 35,370,000 | 33,596,000 | 33,333,000 | 29,607,000 | 30,992,000 | 18,912,000 | 26,066,000 | 25,168,000 | 16,437,000 | 14,367,000 | 17,859,000 | 16,175,000 |
| Group Debtors | 24,519,000 | 0 | 7,094,000 | 8,687,000 | 2,546,000 | 3,610,000 | 9,973,000 | 2,273,000 | 2,746,000 | 2,559,000 | 2,656,000 | 2,352,000 | 1,743,000 | 1,183,000 |
| Misc Debtors | 29,865,000 | 0 | 12,651,000 | 12,486,000 | 5,307,000 | 4,430,000 | 6,250,000 | 2,899,000 | 4,014,000 | 3,847,000 | 1,718,000 | 2,961,000 | 965,000 | 525,000 |
| Cash | 151,000 | 2,000 | 258,000 | 42,000 | 42,000 | 0 | 0 | 0 | 0 | 29,000 | 3,000 | 2,000 | 3,000 | 1,917,000 |
| misc current assets | 0 | 0 | 0 | 0 | 764,000 | 1,097,000 | 1,010,000 | 0 | 0 | 1,038,000 | 0 | 0 | 0 | 0 |
| total current assets | 164,946,000 | 247,556,000 | 55,373,000 | 54,811,000 | 41,992,000 | 38,744,000 | 48,225,000 | 24,084,000 | 32,826,000 | 32,641,000 | 20,814,000 | 19,682,000 | 20,570,000 | 19,800,000 |
| total assets | 431,597,000 | 481,769,000 | 195,731,000 | 198,902,000 | 90,408,000 | 87,552,000 | 97,621,000 | 48,791,000 | 57,935,000 | 58,080,000 | 35,489,000 | 34,369,000 | 34,988,000 | 36,514,000 |
| 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 | 0 | 0 |
| Trade Creditors | 20,108,000 | 21,342,000 | 18,737,000 | 14,381,000 | 10,942,000 | 10,833,000 | 11,135,000 | 7,116,000 | 8,029,000 | 10,613,000 | 6,568,000 | 5,846,000 | 5,595,000 | 6,406,000 |
| Group/Directors Accounts | 817,000 | 102,973,000 | 8,448,000 | 100,584,000 | 19,901,000 | 6,457,000 | 17,298,000 | 8,941,000 | 2,705,000 | 1,205,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,826,000 | 2,592,000 | 2,279,000 | 2,449,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 95,866,000 | 81,308,000 | 101,188,000 | 32,053,000 | 26,115,000 | 20,262,000 | 27,841,000 | 15,451,000 | 27,757,000 | 31,991,000 | 15,073,000 | 14,917,000 | 15,927,000 | 14,972,000 |
| total current liabilities | 119,617,000 | 208,215,000 | 130,652,000 | 149,467,000 | 56,958,000 | 37,552,000 | 56,274,000 | 31,508,000 | 38,491,000 | 43,809,000 | 21,641,000 | 20,763,000 | 21,522,000 | 21,378,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 16,021,000 | 16,021,000 | 0 | 0 | 0 | 0 | 151,000 | 1,396,000 | 4,396,000 |
| hp & lease commitments | 109,518,000 | 116,380,000 | 2,242,000 | 4,556,000 | 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 | 12,229,000 | 9,329,000 | 7,622,000 | 7,334,000 | 675,000 | 2,054,000 | 1,821,000 | 887,000 | 952,000 | 5,886,000 | 3,070,000 | 4,200,000 | 2,866,000 | 4,448,000 |
| total long term liabilities | 124,664,000 | 126,297,000 | 14,286,000 | 14,091,000 | 2,863,000 | 20,048,000 | 20,529,000 | 2,051,000 | 2,811,000 | 2,943,000 | 1,535,000 | 2,251,000 | 2,829,000 | 6,620,000 |
| total liabilities | 244,281,000 | 334,512,000 | 144,938,000 | 163,558,000 | 59,821,000 | 57,600,000 | 76,803,000 | 33,559,000 | 41,302,000 | 46,752,000 | 23,176,000 | 23,014,000 | 24,351,000 | 27,998,000 |
| net assets | 187,316,000 | 147,257,000 | 50,793,000 | 35,344,000 | 30,587,000 | 29,952,000 | 20,818,000 | 15,232,000 | 16,633,000 | 11,328,000 | 12,313,000 | 11,355,000 | 10,637,000 | 8,516,000 |
| total shareholders funds | 187,316,000 | 147,257,000 | 50,793,000 | 35,344,000 | 30,587,000 | 29,952,000 | 20,818,000 | 15,232,000 | 16,633,000 | 11,328,000 | 12,313,000 | 11,355,000 | 10,637,000 | 8,516,000 |
| 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 | 66,462,000 | 41,074,000 | 26,836,000 | 13,195,000 | 14,637,000 | 11,541,000 | 9,136,000 | 9,866,000 | 8,930,000 | 5,311,000 | 5,584,000 | 6,157,000 | 5,371,000 | 3,388,000 |
| Depreciation | 3,592,000 | 3,778,000 | 2,741,000 | 2,145,000 | 355,000 | 456,000 | 256,000 | 109,000 | 114,000 | 103,000 | 58,000 | 38,000 | 44,000 | 44,000 |
| Amortisation | 305,000 | 305,000 | 304,000 | 305,000 | 304,000 | 305,000 | 305,000 | 304,000 | 307,000 | 2,000 | 0 | 0 | 0 | 0 |
| Tax | -12,286,000 | -6,748,000 | -4,264,000 | -3,055,000 | -2,803,000 | -1,366,000 | -1,094,000 | -2,126,000 | -1,959,000 | -1,234,000 | -1,432,000 | -1,684,000 | -1,504,000 | -891,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -82,759,000 | 192,439,000 | 346,000 | 13,583,000 | 3,539,000 | -9,568,000 | 23,131,000 | -8,742,000 | 1,252,000 | 10,763,000 | 1,131,000 | -887,000 | 2,684,000 | 17,883,000 |
| Creditors | -1,234,000 | 2,605,000 | 4,356,000 | 3,439,000 | 109,000 | -302,000 | 4,019,000 | -913,000 | -2,584,000 | 4,045,000 | 722,000 | 251,000 | -811,000 | 6,406,000 |
| Accruals and Deferred Income | 14,558,000 | -19,880,000 | 69,135,000 | 5,938,000 | 5,853,000 | -7,579,000 | 12,390,000 | -12,306,000 | -4,234,000 | 16,918,000 | 156,000 | -1,010,000 | 955,000 | 14,972,000 |
| Deferred Taxes & Provisions | 2,900,000 | 1,707,000 | 288,000 | 6,659,000 | -1,379,000 | 233,000 | 934,000 | -65,000 | -4,934,000 | 2,816,000 | -1,130,000 | 1,334,000 | -1,582,000 | 4,448,000 |
| Cash flow from operations | 157,056,000 | -169,598,000 | 99,050,000 | 15,043,000 | 13,537,000 | 12,856,000 | 2,815,000 | 3,611,000 | -5,612,000 | 17,198,000 | 2,827,000 | 5,973,000 | -211,000 | 10,484,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -6,058,000 | 4,080,000 | 4,585,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,050,000 | 2,050,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -102,156,000 | 94,525,000 | -92,136,000 | 80,683,000 | 13,444,000 | -10,841,000 | 8,357,000 | 6,236,000 | 1,500,000 | 1,205,000 | 0 | 0 | 0 | 0 |
| 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 | -16,021,000 | 0 | 16,021,000 | 0 | 0 | 0 | -151,000 | -1,245,000 | -3,000,000 | 4,396,000 |
| Hire Purchase and Lease Commitments | -6,628,000 | 114,451,000 | -2,484,000 | 7,005,000 | 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 | ||||||||||||||
| interest | -4,231,000 | -1,685,000 | -2,531,000 | -1,077,000 | -559,000 | -649,000 | -598,000 | -248,000 | -193,000 | -148,000 | -86,000 | -53,000 | -141,000 | -297,000 |
| cash flow from financing | -122,952,000 | 271,113,000 | -101,744,000 | 85,304,000 | -3,777,000 | -11,884,000 | 21,920,000 | 6,094,000 | 283,000 | 1,055,000 | -287,000 | -2,342,000 | -2,977,000 | 10,471,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 149,000 | -256,000 | 216,000 | 0 | 42,000 | 0 | 0 | 0 | -29,000 | 26,000 | 1,000 | -1,000 | -1,914,000 | 1,917,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 149,000 | -256,000 | 216,000 | 0 | 42,000 | 0 | 0 | 0 | -29,000 | 26,000 | 1,000 | -1,000 | -1,914,000 | 1,917,000 |
P&L
December 2022turnover
804.4m
+61%
operating profit
66.5m
+62%
gross margin
13.7%
-9.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
187.3m
+0.27%
total assets
431.6m
-0.1%
cash
151k
+74.5%
net assets
Total assets minus all liabilities
dsv air & sea limited company details
company number
03114077
Type
Private limited with Share Capital
industry
52290 - Other transportation support activities
incorporation date
October 1995
age
29
accounts
Full Accounts
ultimate parent company
previous names
dfds transport (uk) limited (January 2007)
blueflite logistics limited (November 2001)
incorporated
UK
address
scandinavia house refinery road, parkeston, harwich, essex, CO12 4QG
last accounts submitted
December 2022
dsv air & sea 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 dsv air & sea limited.
dsv air & sea limited Companies House Filings - See Documents
| date | description | view/download |
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