Direct Ferries Limited

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direct ferries limited Company Information

Company Number

03865405

Next Accounts

Sep 2025

Directors

Sinead O'Gorman

Niall Walsh

Shareholders

direct ferries (holdings) ltd

Group Structure

View All

Industry

Sea and coastal freight water transport

Registered Address

units 2 & 3, three rivers busine, felixstowe road, ipswich, IP10 0BF

Website

http://www.directferries.co.uk

direct ferries limited Estimated Valuation

£336.4m

Pomanda estimates the enterprise value of DIRECT FERRIES LIMITED at £336.4m based on an EBITDA of £19.5m and a 17.27x industry multiple (adjusted for size and gross margin).

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Direct Ferries Limited is a live company located in ipswich, IP10 0BF with a Companies House number of 03865405. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in October 1999, it's largest shareholder is direct ferries (holdings) ltd with a 100% stake. Direct Ferries Limited is a mature, large sized company, Pomanda has estimated its turnover at £53m with rapid growth in recent years.

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Pomanda's financial health check has awarded Direct Ferries Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

10 Strong

0 Regular

1 Weak

Size

annual sales of £53m, make it larger than the average company (£5.7m)

Growth

3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (8.9%)

EXPORT

Direct Ferries Limited's latest turnover from December 2023 is £53 million and the company has net assets of £38.1 million. According to their latest financial statements, Direct Ferries Limited has 86 employees and maintains cash reserves of £24.8 million 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	52,976,777	41,666,202	16,064,021	10,101,199	35,597,247	34,227,602	24,775,152	18,365,458	13,347,573	11,624,898	9,224,208	8,457,608	7,393,703	18,356,648
Other Income Or Grants
Cost Of Sales	8,105,061	5,954,848	1,818,893	2,699,013	5,385,677	5,923,932	4,779,851	3,672,217	3,281,635	3,354,708	3,073,339	2,998,448	2,726,083	13,954,594
Gross Profit	44,871,716	35,711,354	14,245,128	7,402,186	30,211,570	28,303,670	19,995,301	14,693,241	10,065,938	8,270,190	6,150,869	5,459,160	4,667,620	4,402,054
Admin Expenses	26,854,209	24,091,160	14,583,077	13,621,488	22,795,396	19,611,653	11,769,266	7,461,406	4,354,700	4,924,203	4,003,839	3,701,086	3,426,307	3,972,232	-216,268
Operating Profit	18,017,507	11,620,194	-337,949	-6,219,302	7,416,174	8,692,017	8,226,035	7,231,835	5,711,238	3,345,987	2,147,030	1,758,074	1,241,313	429,822	216,268
Interest Payable		781	5,258	18,737							1,289	3,810	3,424
Interest Receivable	429,720	50,499	11,338	2,098	5,380	13,798		6,793	2,061			39	1,672	4,754	2,813
Pre-Tax Profit	18,447,227	11,669,912	-331,869	-6,235,941	7,421,554	8,705,815	8,225,622	7,238,628	5,573,067	3,345,987	2,145,741	1,754,303	1,239,561	434,576	219,081
Tax	-2,185,343	-1,909,641	132,189	1,226,573	-1,011,353	-1,381,030	-1,025,396	-771,722	268,190	-558,765	-485,934	-468,170	-389,126	-121,681	-61,343
Profit After Tax	16,261,884	9,760,271	-199,680	-5,009,368	6,410,201	7,324,785	7,200,226	6,466,906	5,841,257	2,787,222	1,659,807	1,286,133	850,435	312,895	157,738
Dividends Paid							14,000,000	3,900,000					175,000
Retained Profit	16,261,884	9,760,271	-199,680	-5,009,368	6,410,201	7,324,785	-6,799,774	2,566,906	5,841,257	2,787,222	1,659,807	1,286,133	675,435	312,895	157,738
Employee Costs	5,813,597	4,533,854	3,934,505	4,579,958	5,416,999	4,713,841	2,977,116	2,229,692	2,104,833	1,829,175	1,796,047	1,498,372	1,568,130	5,529,566
Number Of Employees	86	77	77	96	128	131	95	65	57	61	55	55	51	144
EBITDA*	19,484,073	13,427,930	1,831,849	-4,001,443	8,890,419	9,299,931	8,431,829	7,343,624	5,808,194	3,451,211	2,222,239	1,829,758	1,318,087	515,033	266,075

* 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	87,124	92,740	52,848	139,106	249,068	459,432	544,885	237,558	119,203	153,348	308,648	514,105	573,393	600,170	657,153
Intangible Assets	2,811,839	2,253,407	2,836,629	3,907,210	4,134,814	1,494,829	492,952	8,741	24,247	18,046	35,046	39,944	6,087	9,407
Investments & Other			746,815	623,057							250,000				100,000
Debtors (Due After 1 year)
Total Fixed Assets	2,898,963	2,346,147	3,636,292	4,669,373	4,383,882	1,954,261	1,037,837	246,299	143,450	171,394	593,694	554,049	579,480	609,577	757,153
Stock & work in progress
Trade Debtors	3,341,257	3,784,520	1,342,699	921,095	2,510,911	2,206,449	2,087,671	1,114,856	952,072	867,720	474,157	172,856	214,579	1,157,903	717,972
Group Debtors	34,918,852	26,833,685	17,900,796	16,994,685	18,132,165	12,753,387	9,752,570	8,014,400	5,973,753	2,430,330	649,526	375,986		327,208	394,851
Misc Debtors	3,277,028	2,186,482	703,959	1,383,578	1,767,125	2,797,892	2,364,855	3,197,535	2,593,922	1,462,625	1,348,024	1,306,801	1,300,516
Cash	24,789,169	20,807,261	14,956,442	14,073,347	18,319,392	18,105,100	12,513,661	7,158,081	4,352,294	3,570,182	5,329,081	3,665,755	2,242,830	776,475	1,125,095
misc current assets							22,421
total current assets	66,326,306	53,611,948	34,903,896	33,372,705	40,729,593	35,862,828	26,741,178	19,484,872	13,872,041	8,330,857	7,800,788	5,521,398	3,757,925	2,261,586	2,237,918
total assets	69,225,269	55,958,095	38,540,188	38,042,078	45,113,475	37,817,089	27,779,015	19,731,171	14,015,491	8,502,251	8,394,482	6,075,447	4,337,405	2,871,163	2,995,071
Bank overdraft												33,263	33,350
Bank loan
Trade Creditors	9,558,035	8,346,182	2,912,405	3,106,642	5,817,232	5,534,257	4,787,427	6,953,735	5,140,469	4,868,797	3,554,069	2,776,555	2,217,456	2,175,188	2,605,314
Group/Directors Accounts	13,102,075	14,360,574	14,365,908	14,232,177	14,375,767	14,380,442	14,110,549	391,404	539,996	964,615	98,701	134,015	124,519
other short term finances
hp & lease commitments													5,391
other current liabilities	7,511,297	10,081,338	7,308,706	6,360,116	7,195,107	6,787,685	5,124,947	2,036,902	552,802	707,295	535,976	538,805	613,021
total current liabilities	30,171,407	32,788,094	24,587,019	23,698,935	27,388,106	26,702,384	24,022,923	9,382,041	6,233,267	6,540,707	4,188,746	3,482,638	2,993,737	2,175,188	2,605,314
loans												67,445	100,050
hp & lease commitments
Accruals and Deferred Income
other liabilities		455,593	477,240	384,527	269,486	147,110								139,041	170,404
provisions	956,413	878,843	1,400,635	1,683,642	171,541	93,454	206,736			20,577	37,113	31,548	35,935	24,686
total long term liabilities	956,413	1,334,436	1,877,875	2,068,169	441,027	240,564	206,736			20,577	37,113	98,993	135,985	163,727	170,404
total liabilities	31,127,820	34,122,530	26,464,894	25,767,104	27,829,133	26,942,948	24,229,659	9,382,041	6,233,267	6,561,284	4,225,859	3,581,631	3,129,722	2,338,915	2,775,718
net assets	38,097,449	21,835,565	12,075,294	12,274,974	17,284,342	10,874,141	3,549,356	10,349,130	7,782,224	1,940,967	4,168,623	2,493,816	1,207,683	532,248	219,353
total shareholders funds	38,097,449	21,835,565	12,075,294	12,274,974	17,284,342	10,874,141	3,549,356	10,349,130	7,782,224	1,940,967	4,168,623	2,493,816	1,207,683	532,248	219,353

	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	18,017,507	11,620,194	-337,949	-6,219,302	7,416,174	8,692,017	8,226,035	7,231,835	5,711,238	3,345,987	2,147,030	1,758,074	1,241,313	429,822	216,268
Depreciation	53,164	50,058	120,356	244,292	279,532	263,070	139,997	96,283	80,034	88,224	58,793	66,063	73,454	84,658	49,807
Amortisation	1,413,402	1,757,678	2,049,442	1,973,567	1,194,713	344,844	65,797	15,506	16,922	17,000	16,416	5,621	3,320	553
Tax	-2,185,343	-1,909,641	132,189	1,226,573	-1,011,353	-1,381,030	-1,025,396	-771,722	268,190	-558,765	-485,934	-468,170	-389,126	-121,681	-61,343
Stock
Debtors	8,732,450	12,857,233	648,096	-3,110,843	4,652,473	3,552,632	1,878,305	2,807,044	4,759,072	2,288,968	616,064	340,548	29,984	372,288	1,112,823
Creditors	1,211,853	5,433,777	-194,237	-2,710,590	282,975	746,830	-2,166,308	1,813,266	271,672	1,314,728	777,514	559,099	42,268	-430,126	2,605,314
Accruals and Deferred Income	-2,570,041	2,772,632	948,590	-834,991	407,422	1,662,738	3,088,045	1,484,100	-154,493	171,319	-2,829	-74,216	613,021
Deferred Taxes & Provisions	77,570	-521,792	-283,007	1,512,101	78,087	-113,282	206,736		-20,577	-16,536	5,565	-4,387	11,249	24,686
Cash flow from operations	7,285,662	6,345,673	1,787,288	-1,697,507	3,995,077	6,662,555	6,656,601	7,062,224	1,413,914	2,072,989	1,900,491	1,501,536	1,565,515	-384,376	1,697,223
Investing Activities
capital expenditure	-2,019,382	-1,264,406	-1,012,959	-1,880,293	-3,903,866	-1,524,338	-997,332	-214,638	-69,012	67,076	135,146	-46,253	-46,677	-37,635	-706,960
Change in Investments		-746,815	123,758	623,057						-250,000	250,000			-100,000	100,000
cash flow from investments	-2,019,382	-517,591	-1,136,717	-2,503,350	-3,903,866	-1,524,338	-997,332	-214,638	-69,012	317,076	-114,854	-46,253	-46,677	62,365	-806,960
Financing Activities
Bank loans
Group/Directors Accounts	-1,258,499	-5,334	133,731	-143,590	-4,675	269,893	13,719,145	-148,592	-424,619	865,914	-35,314	9,496	124,519
Other Short Term Loans
Long term loans											-67,445	-32,605	100,050
Hire Purchase and Lease Commitments												-5,391	5,391
other long term liabilities	-455,593	-21,647	92,713	115,041	122,376	147,110							-139,041	-31,363	170,404
share issue										-5,014,878	15,000				61,615
interest	429,720	49,718	6,080	-16,639	5,380	13,798		6,793	2,061		-1,289	-3,771	-1,752	4,754	2,813
cash flow from financing	-1,284,372	22,737	232,524	-45,188	123,081	430,801	13,719,145	-141,799	-422,558	-4,148,964	-89,048	-32,271	89,167	-26,609	234,832
cash and cash equivalents
cash	3,981,908	5,850,819	883,095	-4,246,045	214,292	5,591,439	5,355,580	2,805,787	782,112	-1,758,899	1,663,326	1,422,925	1,466,355	-348,620	1,125,095
overdraft											-33,263	-87	33,350
change in cash	3,981,908	5,850,819	883,095	-4,246,045	214,292	5,591,439	5,355,580	2,805,787	782,112	-1,758,899	1,696,589	1,423,012	1,433,005	-348,620	1,125,095

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT FERRIES LIMITED group structure

Direct Ferries Limited has no subsidiary companies.

Ultimate parent company

AZURE TOPCO LTD

#0153648

DIRECT FERRIES (HOLDINGS) LTD

06222367

2 parents

DIRECT FERRIES LIMITED

03865405

DIRECT FERRIES LIMITED Shareholders

direct ferries (holdings) ltd

100%

Direct Ferries Limited currently has 2 directors. The longest serving directors include Ms Sinead O'Gorman (Sep 2017) and Mr Niall Walsh (Sep 2020).

officer	country	age	start	end	role
Ms Sinead O'Gorman	England	51 years	Sep 2017	-	Director
Mr Niall Walsh	England	42 years	Sep 2020	-	Director

P&L

December 2023

turnover

53m

+27%

operating profit

18m

+55%

gross margin

84.8%

-1.18%

turnover

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

Balance Sheet

December 2023

net assets

38.1m

+0.74%

total assets

69.2m

+0.24%

cash

24.8m

+0.19%

net assets

Total assets minus all liabilities

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company number

03865405

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

79909 - Other reservation service and related activities (not including activities of tourist guides)

incorporation date

October 1999

ultimate parent company

AZURE TOPCO LTD

previous names

N/A

address

units 2 & 3, three rivers busine, felixstowe road, ipswich, IP10 0BF

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 11 charges/mortgages relating to direct ferries limited. Currently there are 2 open charges and 9 have been satisfied in the past.

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direct ferries limited Company Information

direct ferries limited Estimated Valuation

direct ferries limited Estimated Valuation

direct ferries limited Estimated Valuation

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