london marine group limited
london marine group limited Company Information
Company Number
03480901
Website
www.londonmarine.co.ukRegistered Address
runway east, 20 st. thomas street, london, SE1 9RS
Industry
Activities of head offices
Telephone
02076210050
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
yinson production offshore pte ltd 100%
london marine group limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON MARINE GROUP LIMITED at £4.8m based on a Turnover of £8.2m and 0.59x industry multiple (adjusted for size and gross margin).
london marine group limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON MARINE GROUP LIMITED at £1m based on an EBITDA of £255.2k and a 3.94x industry multiple (adjusted for size and gross margin).
london marine group limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON MARINE GROUP LIMITED at £454.3k based on Net Assets of £169.4k and 2.68x industry multiple (adjusted for liquidity).
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London Marine Group Limited Overview
London Marine Group Limited is a live company located in london, SE1 9RS with a Companies House number of 03480901. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1997, it's largest shareholder is yinson production offshore pte ltd with a 100% stake. London Marine Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with rapid growth in recent years.
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London Marine Group Limited Health Check
Pomanda's financial health check has awarded London Marine Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £8.2m, make it smaller than the average company (£22.7m)
£8.2m - London Marine Group Limited
£22.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 82%, show it is growing at a faster rate (8.2%)
82% - London Marine Group Limited
8.2% - Industry AVG
Production
with a gross margin of 14.4%, this company has a higher cost of product (32.8%)
14.4% - London Marine Group Limited
32.8% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5.7%)
2.7% - London Marine Group Limited
5.7% - Industry AVG
Employees
with 25 employees, this is below the industry average (126)
25 - London Marine Group Limited
126 - Industry AVG
Pay Structure
on an average salary of £89k, the company has a higher pay structure (£47.1k)
£89k - London Marine Group Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £327.3k, this is more efficient (£195.9k)
£327.3k - London Marine Group Limited
£195.9k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (44 days)
27 days - London Marine Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (43 days)
52 days - London Marine Group Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (48 days)
10 days - London Marine Group Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (16 weeks)
16 weeks - London Marine Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.9%, this is a higher level of debt than the average (54.7%)
94.9% - London Marine Group Limited
54.7% - Industry AVG
LONDON MARINE GROUP LIMITED financials
London Marine Group Limited's latest turnover from January 2024 is £8.2 million and the company has net assets of £169.4 thousand. According to their latest financial statements, London Marine Group Limited has 25 employees and maintains cash reserves of £991 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | 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 | 8,183,226 | 6,275,842 | 1,348,191 | 1,797,179 | 2,313,706 | 13,256,956 | 1,517,665 | 27,443,597 | 41,527,057 | 18,389,773 | 14,889,944 | 6,570,737 | 4,079,950 | 6,106,206 | 5,806,675 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 7,005,243 | 6,027,109 | 1,341,821 | 1,603,676 | 927,751 | 12,048,291 | 2,235,356 | 28,316,795 | 40,716,199 | 16,470,925 | 10,560,270 | 4,330,314 | 3,107,726 | 4,048,969 | 3,689,922 |
| Gross Profit | 1,177,983 | 248,733 | 6,370 | 193,503 | 1,385,955 | 1,208,665 | -717,691 | -873,198 | 810,858 | 1,918,848 | 4,329,674 | 2,240,423 | 972,224 | 2,057,237 | 2,116,753 |
| Admin Expenses | 957,283 | 651,417 | 613,665 | 866,462 | 1,535,980 | 645,853 | 1,831,704 | 2,741,258 | -770,923 | 155,091 | 2,977,531 | 875,383 | 880,096 | 642,344 | 1,123,234 |
| Operating Profit | 220,700 | -402,684 | -607,295 | -672,959 | -150,025 | 562,812 | -2,549,395 | -3,614,456 | 1,581,781 | 1,763,757 | 1,352,143 | 1,365,040 | 92,128 | 1,414,893 | 993,519 |
| Interest Payable | 0 | 0 | 0 | 32,225 | 0 | 0 | 0 | 0 | 0 | 3,697 | 0 | 0 | 0 | 57,059 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 5 | 12 | 138 | 19,349 | 15,003 | 7 | 2,644 | 4,619 | 2,957 | 370,072 | 445 |
| Pre-Tax Profit | 220,700 | -402,684 | -607,295 | -662,160 | -3,182,493 | 562,824 | -2,553,140 | -3,775,264 | 1,575,955 | 1,738,313 | 1,348,428 | 1,336,775 | 78,539 | 1,727,906 | 993,964 |
| Tax | 0 | 0 | -903,674 | 92,774 | 610,205 | 36,332 | 209,903 | 715,697 | -830,350 | -400,156 | -339,916 | -310,768 | 24,945 | -580,077 | -192,527 |
| Profit After Tax | 220,700 | -402,684 | -1,510,969 | -569,386 | -2,572,288 | 599,156 | -2,343,237 | -3,059,567 | 745,605 | 1,338,157 | 1,008,512 | 1,026,007 | 103,484 | 1,147,829 | 801,437 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 220,700 | -402,684 | -1,510,969 | -569,386 | -2,572,288 | 599,156 | -2,343,237 | -3,059,567 | 745,605 | 1,338,157 | 1,008,512 | 1,026,007 | 103,484 | 1,147,829 | 801,437 |
| Employee Costs | 2,225,889 | 1,697,417 | 1,442,036 | 1,580,510 | 1,811,820 | 1,654,644 | 1,516,081 | 2,295,884 | 3,097,525 | 2,320,190 | 2,127,180 | 2,155,638 | 1,610,666 | 2,042,776 | 1,427,185 |
| Number Of Employees | 25 | 22 | 19 | 20 | 20 | 24 | 26 | 37 | 47 | 39 | 37 | 35 | 27 | 25 | 25 |
| EBITDA* | 255,229 | -372,561 | -561,120 | -653,652 | -133,583 | 585,861 | -2,497,861 | -3,549,003 | 1,665,840 | 1,837,803 | 1,447,583 | 1,453,995 | 180,910 | 1,509,114 | 1,038,160 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | 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 | 15,105 | 35,890 | 21,707 | 26,665 | 40,089 | 17,959 | 15,597 | 44,262 | 70,680 | 105,550 | 107,332 | 112,071 | 154,246 | 6,165,768 | 56,354 |
| Intangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 11,826 | 34,695 | 57,564 | 80,433 | 91,479 | 102,525 | 113,571 | 124,617 | 135,663 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,049 | 178,764 | 199,593 | 223,593 | 848,356 | 936,037 | 900,417 | 603,092 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,000 |
| Total Fixed Assets | 15,106 | 35,891 | 21,708 | 26,666 | 40,090 | 17,960 | 27,423 | 83,006 | 307,008 | 385,576 | 422,404 | 1,062,952 | 1,203,854 | 7,190,802 | 1,120,109 |
| Stock & work in progress | 208,693 | 202,344 | 175,954 | 62,961 | 82,171 | 84,351 | 7,464 | 14,406 | 12,897 | 95,895 | 273,836 | 67,206 | 32,453 | 654,622 | 108,397 |
| Trade Debtors | 623,923 | 283,562 | 292,944 | 256,137 | 288,677 | 1,512,341 | 1,656,297 | 987,482 | 2,738,432 | 7,522,088 | 176,736 | 2,174,020 | 893,166 | 1,108,850 | 1,304,604 |
| Group Debtors | 0 | 0 | 0 | 0 | 18,700 | 18,700 | 73,612 | 206,504 | 7,062,761 | 4,208,139 | 3,714,371 | 719,357 | 683,847 | 2,293,150 | 0 |
| Misc Debtors | 1,450,223 | 1,065,891 | 119,758 | 1,092,119 | 7,253,428 | 3,662,330 | 1,209,819 | 5,724,728 | 2,135,866 | 1,590,180 | 407,646 | 1,872,240 | 405,826 | 673,653 | 1,300,586 |
| Cash | 991,039 | 2,393,037 | 920,172 | 1,970,862 | 2,394,351 | 2,082,834 | 611,446 | 6,288,339 | 14,546,383 | 2,414,912 | 6,843,971 | 2,984,314 | 3,602,763 | 1,911,859 | 1,178,587 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 3,492,076 | 3,580,141 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,273,878 | 3,944,834 | 1,508,828 | 3,382,079 | 10,037,327 | 10,852,632 | 7,138,779 | 13,221,459 | 26,496,339 | 15,831,214 | 11,416,560 | 7,817,137 | 5,618,055 | 6,642,134 | 3,892,174 |
| total assets | 3,288,984 | 3,980,725 | 1,530,536 | 3,408,745 | 10,077,417 | 10,870,592 | 7,166,202 | 13,304,465 | 26,803,347 | 16,216,790 | 11,838,964 | 8,880,089 | 6,821,909 | 13,832,936 | 5,012,283 |
| Bank overdraft | 0 | 0 | 0 | 0 | 4,576,524 | 0 | 0 | 0 | 3,386,750 | 0 | 0 | 15 | 15 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,014,522 | 720,452 | 140,050 | 195,175 | 86,342 | 1,363,560 | 967,388 | 2,269,395 | 4,307,746 | 3,936,026 | 1,266,620 | 436,805 | 125,787 | 235,911 | 165,715 |
| Group/Directors Accounts | 152,837 | 1,048,345 | 848,798 | 841,899 | 833,739 | 829,325 | 890,277 | 844,642 | 616,278 | 538,409 | 1,065,347 | 811,516 | 506,087 | 1,040,318 | 36,732 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 18,438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,952,220 | 2,305,899 | 113,729 | 432,743 | 2,067,019 | 3,606,169 | 813,988 | 3,353,404 | 8,577,532 | 2,561,444 | 1,652,100 | 766,612 | 261,718 | 1,017,951 | 691,193 |
| total current liabilities | 3,119,579 | 4,093,134 | 1,102,577 | 1,469,817 | 7,563,624 | 5,799,054 | 2,671,653 | 6,467,441 | 16,888,306 | 7,035,879 | 3,984,067 | 2,014,948 | 893,607 | 2,294,180 | 893,640 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,263,756 | 0 |
| 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 | 49,835 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 397 | 10,300 | 16,500 | 16,500 | 16,500 | 16,500 | 26,000 | 21,000 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 397 | 10,300 | 16,500 | 16,500 | 16,500 | 16,500 | 75,835 | 6,284,756 | 0 |
| total liabilities | 3,119,579 | 4,093,134 | 1,102,577 | 1,469,817 | 7,563,624 | 5,799,054 | 2,672,050 | 6,477,741 | 16,904,806 | 7,052,379 | 4,000,567 | 2,031,448 | 969,442 | 8,578,936 | 893,640 |
| net assets | 169,405 | -112,409 | 427,959 | 1,938,928 | 2,513,793 | 5,071,538 | 4,494,152 | 6,826,724 | 9,898,541 | 9,164,411 | 7,838,397 | 6,848,641 | 5,852,467 | 5,254,000 | 4,118,643 |
| total shareholders funds | 169,405 | -112,409 | 427,959 | 1,938,928 | 2,513,793 | 5,071,538 | 4,494,152 | 6,826,724 | 9,898,541 | 9,164,411 | 7,838,397 | 6,848,641 | 5,852,467 | 5,254,000 | 4,118,643 |
| Jan 2024 | 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 | 220,700 | -402,684 | -607,295 | -672,959 | -150,025 | 562,812 | -2,549,395 | -3,614,456 | 1,581,781 | 1,763,757 | 1,352,143 | 1,365,040 | 92,128 | 1,414,893 | 993,519 |
| Depreciation | 34,529 | 30,123 | 46,175 | 19,307 | 16,442 | 11,224 | 28,665 | 42,584 | 61,190 | 63,000 | 84,394 | 77,909 | 77,736 | 83,175 | 33,595 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 11,825 | 22,869 | 22,869 | 22,869 | 11,046 | 11,046 | 11,046 | 11,046 | 11,046 | 11,046 |
| Tax | 0 | 0 | -903,674 | 92,774 | 610,205 | 36,332 | 209,903 | 715,697 | -830,350 | -400,156 | -339,916 | -310,768 | 24,945 | -580,077 | -192,527 |
| Stock | 208,693 | 26,390 | 112,993 | -19,210 | -2,180 | 76,887 | -6,942 | 1,509 | -82,998 | -177,941 | 206,630 | 34,753 | -622,169 | 546,225 | 108,397 |
| Debtors | 2,074,146 | 936,751 | -935,554 | -6,212,549 | 2,367,434 | 2,253,643 | -3,978,986 | -5,018,345 | -1,383,348 | 9,021,654 | -466,864 | 2,782,778 | -2,092,814 | 1,145,463 | 2,930,190 |
| Creditors | 1,014,522 | 580,402 | -55,125 | 108,833 | -1,277,218 | 396,172 | -1,302,007 | -2,038,351 | 371,720 | 2,669,406 | 829,815 | 311,018 | -110,124 | 70,196 | 165,715 |
| Accruals and Deferred Income | 1,952,220 | 2,192,170 | -319,014 | -1,634,276 | -1,539,150 | 2,792,181 | -2,539,416 | -5,224,128 | 6,016,088 | 909,344 | 885,488 | 504,894 | -756,233 | 326,758 | 691,193 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -397 | -9,903 | -6,200 | 0 | 0 | 0 | -9,500 | 5,000 | 21,000 | 0 |
| Cash flow from operations | 939,132 | 1,436,870 | -1,016,372 | 4,145,438 | -4,705,000 | 1,479,619 | -2,153,356 | -5,085,149 | 8,689,644 | -3,827,316 | 3,083,204 | -867,892 | 2,059,481 | -344,697 | -1,336,046 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -13,586 | -3,580,141 | -16,166 | -25,679 | -61,218 | 470,345 | 61,385 | -88,362 | -6,489,801 | -2,851 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -4,049 | -174,715 | -20,829 | -24,000 | -624,763 | -87,681 | 35,620 | 297,325 | 603,092 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -13,586 | -3,576,092 | 158,549 | -4,850 | -37,218 | 1,095,108 | 149,066 | -123,982 | -6,787,126 | -605,943 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 152,837 | 199,547 | 6,899 | 8,160 | 4,414 | -60,952 | 45,635 | 228,364 | 77,869 | -526,938 | 253,831 | 305,429 | -534,231 | 1,003,586 | 36,732 |
| 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 | 0 | -6,263,756 | 6,263,756 | 0 |
| Hire Purchase and Lease Commitments | 0 | 18,438 | 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 | -49,835 | 49,835 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | -32,225 | 5 | 12 | 138 | 19,349 | 15,003 | -3,690 | 2,644 | 4,619 | 2,957 | 313,013 | 445 |
| cash flow from financing | 101,542 | 80,301 | 6,899 | -29,544 | 18,962 | -82,710 | 56,438 | 235,463 | 81,397 | -542,771 | 237,719 | 230,380 | -6,250,212 | 7,567,883 | 3,354,383 |
| cash and cash equivalents | |||||||||||||||
| cash | 991,039 | 1,472,865 | -1,050,690 | -423,489 | 311,517 | 1,471,388 | -5,676,893 | -8,258,044 | 12,131,471 | -4,429,059 | 3,859,657 | -618,449 | 1,690,904 | 733,272 | 1,178,587 |
| overdraft | 0 | 0 | 0 | -4,576,524 | 4,576,524 | 0 | 0 | -3,386,750 | 3,386,750 | 0 | -15 | 0 | 15 | 0 | 0 |
| change in cash | 991,039 | 1,472,865 | -1,050,690 | 4,153,035 | -4,265,007 | 1,471,388 | -5,676,893 | -4,871,294 | 8,744,721 | -4,429,059 | 3,859,672 | -618,449 | 1,690,889 | 733,272 | 1,178,587 |
london marine group limited Credit Report and Business Information
London Marine Group Limited Competitor Analysis
Perform a competitor analysis for london marine group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
london marine group limited Ownership
LONDON MARINE GROUP LIMITED group structure
London Marine Group Limited has 1 subsidiary company.
Ultimate parent company
EZRA HOLDINGS LTD
#0066712
TELEMARK LTD
#0026074
2 parents
LONDON MARINE GROUP LIMITED
03480901
1 subsidiary
london marine group limited directors
London Marine Group Limited currently has 4 directors. The longest serving directors include Mr Richard Martin (Feb 1998) and Mr Jonathan Dunstan (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Martin | England | 78 years | Feb 1998 | - | Director |
| Mr Jonathan Dunstan | United Kingdom | 53 years | May 2018 | - | Director |
| Mr Lars Vogt | England | 57 years | May 2023 | - | Director |
| Mr David Brunt | 61 years | May 2023 | - | Director |
P&L
January 2024turnover
8.2m
0%
operating profit
220.7k
0%
gross margin
14.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
169.4k
0%
total assets
3.3m
0%
cash
991k
0%
net assets
Total assets minus all liabilities
london marine group limited company details
company number
03480901
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 1997
age
27
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
THORNE LANCASTER PARKER
address
runway east, 20 st. thomas street, london, SE1 9RS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
london marine group 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 4 charges/mortgages relating to london marine group limited. Currently there are 0 open charges and 4 have been satisfied in the past.
london marine group limited Companies House Filings - See Documents
| date | description | view/download |
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