seaco global limited

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seaco global limited Company Information

Share SEACO GLOBAL LIMITED

Company Number

03527858

Shareholders

seaco srl

Group Structure

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Industry

Renting and leasing of freight water transport equipment

 

Registered Address

4th floor, union house, 182-194 union street, london, SE1 0LH

seaco global limited Estimated Valuation

£881.8m

Pomanda estimates the enterprise value of SEACO GLOBAL LIMITED at £881.8m based on a Turnover of £615.5m and 1.43x industry multiple (adjusted for size and gross margin).

seaco global limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of SEACO GLOBAL LIMITED at £8.1m based on an EBITDA of £1.6m and a 5.1x industry multiple (adjusted for size and gross margin).

seaco global limited Estimated Valuation

£22m

Pomanda estimates the enterprise value of SEACO GLOBAL LIMITED at £22m based on Net Assets of £15.5m and 1.42x industry multiple (adjusted for liquidity).

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Seaco Global Limited Overview

Seaco Global Limited is a live company located in london, SE1 0LH with a Companies House number of 03527858. It operates in the renting and leasing of freight water transport equipment sector, SIC Code 77342. Founded in March 1998, it's largest shareholder is seaco srl with a 100% stake. Seaco Global Limited is a mature, mega sized company, Pomanda has estimated its turnover at £615.5m with healthy growth in recent years.

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Seaco Global Limited Health Check

Pomanda's financial health check has awarded Seaco Global Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £615.5m, make it larger than the average company (£4.3m)

£615.5m - Seaco Global Limited

£4.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.4%)

6% - Seaco Global Limited

2.4% - Industry AVG

production

Production

with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)

36.1% - Seaco Global Limited

36.1% - Industry AVG

profitability

Profitability

an operating margin of 0.3% make it less profitable than the average company (32.6%)

0.3% - Seaco Global Limited

32.6% - Industry AVG

employees

Employees

with 22 employees, this is similar to the industry average (22)

22 - Seaco Global Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £180.7k, the company has an equivalent pay structure (£180.9k)

£180.7k - Seaco Global Limited

£180.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £28m, this is equally as efficient (£27.1m)

£28m - Seaco Global Limited

£27.1m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is later than average (16 days)

53 days - Seaco Global Limited

16 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (3 days)

0 days - Seaco Global Limited

3 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Seaco Global Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (1 weeks)

0 weeks - Seaco Global Limited

1 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 84.4%, this is a similar level of debt than the average (78.2%)

84.4% - Seaco Global Limited

78.2% - Industry AVG

SEACO GLOBAL LIMITED financials

EXPORTms excel logo

Seaco Global Limited's latest turnover from December 2023 is £615.5 million and the company has net assets of £15.5 million. According to their latest financial statements, Seaco Global Limited has 22 employees and maintains cash reserves of £515.4 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
Turnover615,470,017622,985,470582,649,199517,690,308471,364,343567,127,635578,554,388581,957,062419,700,108299,150,367199,763,696191,475,866218,445,897176,365,540165,410,860
Other Income Or Grants
Cost Of Sales393,187,468345,859,383392,129,279357,581,546299,512,882362,444,720388,239,593429,582,719410,548,771288,622,607190,649,689177,174,415198,989,212154,878,995142,809,947
Gross Profit222,282,549277,126,087190,519,920160,108,762171,851,461204,682,914190,314,795152,374,3439,151,33710,527,7619,114,00714,301,45119,456,68521,486,54522,600,913
Admin Expenses220,762,119275,596,024189,002,857158,494,496170,029,745203,268,670187,787,739151,157,0177,730,7169,259,48810,387,91913,095,64717,108,85918,949,44319,313,431
Operating Profit1,520,4301,530,0631,517,0631,614,2661,821,7161,414,2442,527,0561,217,3261,420,6211,268,273-1,273,9121,205,8042,347,8262,537,1023,287,482
Interest Payable45,7578,02823,45136,55942,41514,21422,78588,900
Interest Receivable8,8306,95646,6685,33091,797343,249460,619321,960
Pre-Tax Profit2,559,2041,662,5191,493,6127,753,6761,779,3021,574,0812,527,0561,217,3261,427,5781,314,941-1,371,0391,115,1912,669,5003,170,7624,912,902
Tax-1,110,219-1,195,312-994,663-1,104,070-1,165,701-1,064,013-1,338,968-1,050,847-650,023-434,425-616,524-49,156-1,049,363-836,258-1,502,883
Profit After Tax1,448,985467,207498,9496,649,606613,601510,0681,188,088166,478777,554880,516-1,987,5631,066,0351,620,1372,334,5033,410,019
Dividends Paid8,086,689
Retained Profit1,448,985467,207-7,587,7416,649,606613,601510,0681,188,088166,478777,554880,516-1,987,5631,066,0351,620,1372,334,5033,410,019
Employee Costs3,974,4724,167,9385,301,6344,387,0343,914,1814,176,9183,788,6093,580,4143,070,0263,292,1562,777,6132,397,9863,895,3914,757,0664,798,174
Number Of Employees222325262627222115172326626471
EBITDA*1,587,8621,682,5881,670,7091,614,2662,247,9841,414,2442,875,4241,599,9991,630,8541,436,415-962,3933,458,6917,571,1027,853,9328,775,829

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,40811,238359,049749,857848,296336,911311,24139,171176,997192,848415,161327,5092,934,9467,420,40712,548,053
Intangible Assets1,157,5821,430,521140,708273,783430,510886,9391,022,988946,893726,542380,894
Investments & Other7,366,1405,907,5226,034,2886,000,4871,000,9901,539,6073,979,7774,046,7044,360,7983,921,4882,537,16313,622
Debtors (Due After 1 year)596,254827,7211,491,4711,904,733
Total Fixed Assets8,526,1307,349,2826,534,0457,024,1292,279,7963,359,7125,314,0065,032,7685,264,3384,495,2302,952,325341,1313,762,6688,911,87914,452,787
Stock & work in progress322,981295,585
Trade Debtors89,961,46789,785,663114,643,37789,726,21786,316,980130,821,907103,313,84873,115,63165,055,65049,225,86035,608,52832,805,44935,832,62530,365,17034,917,107
Group Debtors108,37271,44580,05873,929130,77912,850,427233,825628,2482,165,71370,688561,4451,000,888188,950170,57797,909
Misc Debtors77,867166,974246,644238,849274,98975,217177,739218,4551,065,8152,726,0882,887,1771,751,5521,703,3061,275,828
Cash515,373434,29467,928173,857139,262998,1982,876,2152,693,0323,573,1951,952,508745,0402,451,2885,970,5796,704,8463,325,925
misc current assets
total current assets90,663,08190,458,377115,038,00790,212,85286,862,010144,745,749106,601,62776,655,36770,794,55952,314,87239,641,10239,144,80344,066,68839,239,48539,616,771
total assets99,189,21197,807,658121,572,05297,236,98189,141,807148,105,461111,915,63381,688,13676,058,89656,810,10242,593,42639,485,93447,829,35648,151,36454,069,558
Bank overdraft
Bank loan
Trade Creditors 80,276141,286221,575443,578217,729160,621442,373235,028572,3701,311,8151,598,4603,452,7622,359,7512,235,704
Group/Directors Accounts81,295,65778,990,929104,530,16371,677,63472,409,869131,136,88094,898,49166,781,92160,942,18643,933,15531,735,26828,675,15529,150,04933,149,20940,685,368
other short term finances
hp & lease commitments388,536292,205236,131351,775253,075
other current liabilities1,014,6901,159,990888,7271,145,5031,289,4101,364,0991,518,2871,446,3271,718,1941,098,071635,475837,4293,304,3472,843,1553,108,481
total current liabilities82,779,16080,584,410105,876,59773,618,49174,170,083132,661,60096,859,15268,463,27762,660,38045,603,59633,682,55831,111,04535,907,15938,352,11546,029,553
loans
hp & lease commitments942,4421,197,72022,642250,223424,148
Accruals and Deferred Income
other liabilities
provisions276,910
total long term liabilities942,4421,197,72022,643250,223424,148276,910
total liabilities83,721,60281,782,131105,899,24073,868,71474,594,232132,661,60096,859,15268,463,27762,660,38045,603,59633,682,55831,111,04535,907,15938,352,11546,306,463
net assets15,467,60916,025,52815,672,81323,368,26714,547,57515,443,86115,056,48213,224,85913,398,51611,206,5068,910,8688,374,88911,922,1979,799,2497,763,095
total shareholders funds15,467,60916,025,52815,672,81323,368,26714,547,57515,443,86115,056,48213,224,85913,398,51611,206,5068,910,8688,374,88911,922,1979,799,2497,763,095
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,520,4301,530,0631,517,0631,614,2661,821,7161,414,2442,527,0561,217,3261,420,6211,268,273-1,273,9121,205,8042,347,8262,537,1023,287,482
Depreciation11,23969,03770,35456,55341,077133,33340,192168,142311,5192,252,8875,223,2765,316,8305,488,347
Amortisation56,19383,48783,292369,715307,291249,340170,041
Tax-1,110,219-1,195,312-994,663-1,104,070-1,165,701-1,064,013-1,338,968-1,050,847-650,023-434,425-616,524-49,156-1,049,363-836,258-1,502,883
Stock-322,98127,397295,585
Debtors123,626-24,945,99724,931,0843,316,247-57,621,05740,618,39329,763,0776,740,97216,859,00011,466,3022,202,547-1,907,3354,870,324-4,465,05338,195,578
Creditors-61,010-80,289-222,003225,84857,109-281,752207,345235,028-572,370-739,445-286,645-1,854,3021,093,011124,0472,235,704
Accruals and Deferred Income-145,300271,263-256,776-143,907-74,689-154,18871,960-271,867620,123462,596-201,954-2,466,918461,192-265,3263,108,481
Deferred Taxes & Provisions-276,910276,910
Cash flow from operations147,70725,624,246-24,733,817-2,724,11058,685,760-40,704,102-27,947,316-6,228,659-15,830,416-10,741,161-4,270,0631,318,6313,178,22110,768,953-25,301,537
Investing Activities
capital expenditure214,337-1,094,526370,237255,166-481,225110,379-696,533-465,198-540,030-326,723-399,171-99,496-641,386-451,3824,254,565
Change in Investments1,458,618-126,76633,8004,999,498-538,618-2,440,170-66,927-314,093439,3101,384,3252,523,54213,621
cash flow from investments-1,244,281-967,760336,437-4,744,33257,3932,550,549-629,606-151,105-979,340-1,711,048-2,922,713-113,117-641,386-451,3824,254,565
Financing Activities
Bank loans
Group/Directors Accounts2,304,728-25,539,23532,852,529-732,234-58,727,01236,238,38928,116,5705,839,73517,009,03112,197,8873,060,113-474,894-3,999,160-7,536,15940,685,368
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-158,9471,231,152-343,225-75,225677,223
other long term liabilities
share issue-2,006,904-114,492-107,7142,171,086-1,509,887-122,688643,535-340,1351,414,4561,415,1222,523,542-4,613,343502,811-298,3494,353,076
interest-36,927-8,028-23,451-36,559-42,4156,95646,6685,33077,583343,249437,834233,060
cash flow from financing101,950-24,430,60332,378,1391,327,068-59,602,09136,115,70128,760,1055,499,60018,430,44313,659,6775,588,985-5,010,654-3,153,100-7,396,67445,271,504
cash and cash equivalents
cash81,079366,366-105,92834,595-858,936-1,878,017183,183-880,1631,620,6871,207,468-1,706,248-3,519,290-734,2683,378,9213,325,925
overdraft
change in cash81,079366,366-105,92834,595-858,936-1,878,017183,183-880,1631,620,6871,207,468-1,706,248-3,519,290-734,2683,378,9213,325,925

seaco global limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Seaco Global Limited Competitor Analysis

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Perform a competitor analysis for seaco global limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.

seaco global limited Ownership

SEACO GLOBAL LIMITED group structure

Seaco Global Limited has 1 subsidiary company.

Ultimate parent company

HAINAN PROVINCE CIHANG FOUNDATION

#0074893

SEACO SRL

#0026515

2 parents

SEACO GLOBAL LIMITED

03527858

1 subsidiary

SEACO GLOBAL LIMITED Shareholders

seaco srl 100%

seaco global limited directors

Seaco Global Limited currently has 2 directors. The longest serving directors include Mr William Buckwell (Dec 2006) and Mr Mark Bishop (Jul 2017).

officercountryagestartendrole
Mr William BuckwellEngland55 years Dec 2006- Director
Mr Mark BishopUnited Kingdom42 years Jul 2017- Director

P&L

December 2023

turnover

615.5m

-1%

operating profit

1.5m

-1%

gross margin

36.2%

-18.81%

turnover

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

Balance Sheet

December 2023

net assets

15.5m

-0.03%

total assets

99.2m

+0.01%

cash

515.4k

+0.19%

net assets

Total assets minus all liabilities

seaco global limited company details

company number

03527858

Type

Private limited with Share Capital

industry

77342 - Renting and leasing of freight water transport equipment

incorporation date

March 1998

age

27

incorporated

UK

ultimate parent company

HAINAN PROVINCE CIHANG FOUNDATION

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ge seaco services limited (January 2012)

burginhall 1035 limited (April 1998)

accountant

-

auditor

ERNST & YOUNG LLP

address

4th floor, union house, 182-194 union street, london, SE1 0LH

Bank

BANK OF AMERICA

Legal Advisor

-

seaco global 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 8 charges/mortgages relating to seaco global limited. Currently there are 2 open charges and 6 have been satisfied in the past.

seaco global limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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seaco global limited Companies House Filings - See Documents

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