Solent Stevedores Limited

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solent stevedores limited Company Information

Company Number

03931746

Next Accounts

Sep 2025

Directors

Stuart Cullen

Fiona Robson

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Shareholders

cullen group ltd

Group Structure

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Industry

Cargo handling for water transport activities of division 50

Registered Address

suite 1 drake house drake lane, dursley, gloucestershire, GL11 4HH

Website

https://solentstevedores.co.uk

solent stevedores limited Estimated Valuation

£43.3m

Pomanda estimates the enterprise value of SOLENT STEVEDORES LIMITED at £43.3m based on a Turnover of £42.4m and 1.02x industry multiple (adjusted for size and gross margin).

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Solent Stevedores Limited is a live company located in gloucestershire, GL11 4HH with a Companies House number of 03931746. It operates in the cargo handling for water transport activities sector, SIC Code 52241. Founded in February 2000, it's largest shareholder is cullen group ltd with a 100% stake. Solent Stevedores Limited is a mature, large sized company, Pomanda has estimated its turnover at £42.4m with high growth in recent years.

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Pomanda's financial health check has awarded Solent Stevedores 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

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £42.4m, make it larger than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.3%)

EXPORT

Solent Stevedores Limited's latest turnover from December 2023 is £42.4 million and the company has net assets of £11 million. According to their latest financial statements, Solent Stevedores Limited has 158 employees and maintains cash reserves of £6 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	42,366,264	40,362,864	37,623,058	27,298,970	26,306,446	24,217,087	21,396,227	19,677,918	16,008,401	14,474,550	12,204,054	12,039,021	11,139,823	9,946,081	6,318,253
Other Income Or Grants
Cost Of Sales	35,251,766	31,261,106	26,539,138	21,540,418	20,683,010	19,751,162	17,680,016	16,334,328	12,508,471	11,337,703	9,242,915	9,508,413	8,753,337	7,779,182	4,809,630
Gross Profit	7,114,498	9,101,758	11,083,920	5,758,552	5,623,436	4,465,925	3,716,211	3,343,590	3,499,930	3,136,847	2,961,139	2,530,608	2,386,486	2,166,899	1,508,623
Admin Expenses	5,018,042	4,440,279	3,853,587	3,338,747	3,682,157	3,006,914	2,593,833	2,508,023	2,125,577	1,780,180	1,551,493	1,264,797	1,096,206	1,202,452	1,010,235
Operating Profit	2,096,456	4,661,479	7,230,333	2,419,805	1,941,279	1,459,011	1,122,378	835,567	1,374,353	1,356,667	1,409,646	1,265,811	1,290,280	964,447	498,388
Interest Payable	247,563	124,176	124,620	127,271	121,999	122,263	90,897	67,434	31,505	21,715	17,298	14,435	26,926	41,436	39,358
Interest Receivable	235,409	8,489	401	26,216	2,656	702	416	510	995	829	1,947	18,485	168	87
Pre-Tax Profit	2,084,302	4,545,792	7,106,114	2,318,750	1,821,936	1,337,450	1,031,897	768,643	1,343,843	1,335,781	1,394,295	1,269,861	1,263,522	923,098	459,030
Tax	-623,081	-817,497	-1,503,114	-402,671	-352,420	-304,143	-233,104	-160,303	-266,862	-326,605	-393,871	-325,665	-331,536	-263,627	-117,472
Profit After Tax	1,461,221	3,728,295	5,603,000	1,916,079	1,469,516	1,033,307	798,793	608,340	1,076,981	1,009,176	1,000,424	944,196	931,986	659,471	341,558
Dividends Paid	1,750,000	2,150,000	1,300,000	1,236,153	949,999	515,955	449,650	1,429,193	516,819	423,221	421,215	410,900	383,900	74,400	86,850
Retained Profit	-288,779	1,578,295	4,303,000	679,926	519,517	517,352	349,143	-820,853	560,162	585,955	579,209	533,296	548,086	585,071	254,708
Employee Costs	9,153,134	8,335,670	7,418,671	7,173,361	6,627,828	6,297,708	6,370,946	6,680,105	5,250,065	4,499,882	3,370,757	3,674,034	3,134,910	3,107,566
Number Of Employees	158	152	144	144	138	131	141	154	127	114	85	93	70	66
EBITDA*	4,085,318	5,940,353	8,532,775	3,625,757	3,043,412	2,538,101	1,958,130	1,553,389	1,765,329	1,729,596	1,790,715	1,691,280	1,642,954	1,310,281	752,360

* 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	9,919,346	6,722,432	5,956,189	4,566,901	4,462,388	4,342,089	4,054,031	4,044,072	2,365,818	1,821,422	1,559,275	1,450,041	1,497,932	1,618,106	1,229,907
Intangible Assets	99,964	120,699	99,499	75,598	86,559	18,272
Investments & Other		1	1	1	1	1	1	1		1	1	1
Debtors (Due After 1 year)	223,258										124,275	357,904
Total Fixed Assets	10,242,568	6,843,132	6,055,689	4,642,500	4,548,948	4,360,362	4,054,032	4,044,073	2,365,818	1,821,423	1,683,551	1,807,946	1,497,932	1,618,106	1,229,907
Stock & work in progress	95,468	101,744	68,426	61,074	34,884	26,731
Trade Debtors	6,028,415	6,220,450	6,037,510	5,500,617	3,791,558	4,802,581	3,643,844	3,192,211	2,165,904	2,058,536	2,011,506	1,613,511	1,199,669	1,594,193	782,387
Group Debtors	250,424	279,636	116,975	14,723	230,076	53,916	26,830	37,989	36,774	259,825	416,068
Misc Debtors	1,436,781	1,120,301	819,911	1,064,352	701,527	697,788	565,684	493,706	410,831	280,460	308,367	427,156	670,298	235,737	273,170
Cash	6,021,694	5,747,969	6,903,350	3,271,746	2,168,835	1,160,451	798,839	790,258	2,203,779	1,570,484	1,469,791	589,325	476,546	175,852	8,574
misc current assets
total current assets	13,832,782	13,470,100	13,946,172	9,912,512	6,926,880	6,741,467	5,035,197	4,514,164	4,817,288	4,169,305	4,205,732	2,629,992	2,346,513	2,005,782	1,064,131
total assets	24,075,350	20,313,232	20,001,861	14,555,012	11,475,828	11,101,829	9,089,229	8,558,237	7,183,106	5,990,728	5,889,283	4,437,938	3,844,445	3,623,888	2,294,038
Bank overdraft
Bank loan	75,000	75,000	366,660	175,000
Trade Creditors	3,849,369	2,872,260	2,400,118	2,102,509	1,972,334	1,973,761	1,469,707	1,885,327	1,373,494	1,151,914	1,261,021	942,805	950,616	1,135,578	405,043
Group/Directors Accounts	7,978						67,964	67,993	67,993	17,994	17,994	17,994	17,994	17,994	19,228
other short term finances												8,538
hp & lease commitments	1,328,211	968,772	1,067,580	916,676	767,089	739,300	717,966	752,395	292,332	178,570	172,531	151,033	125,024	273,695	265,862
other current liabilities	2,329,229	1,675,092	2,650,734	2,877,673	2,068,937	2,300,547	1,672,264	694,790	429,745	530,072	1,085,038	702,070	637,428	535,237	559,609
total current liabilities	7,589,787	5,591,124	6,485,092	6,071,858	4,808,360	5,013,608	3,927,901	3,400,505	2,163,564	1,878,550	2,536,584	1,822,440	1,731,062	1,962,504	1,249,742
loans	885,000	1,037,184	1,208,340	1,325,000
hp & lease commitments	2,946,296	1,592,534	2,046,427	1,482,861	1,729,198	1,746,808	1,326,314	1,663,899	702,652	411,225	302,997	134,379	126,996	185,561	184,779
Accruals and Deferred Income
other liabilities
provisions	1,668,506	817,850	565,757	282,048	224,951	147,611	158,564	166,526	168,730	112,955	47,659	58,285	96,849	134,371	103,136
total long term liabilities	5,499,802	3,447,568	3,820,524	3,089,909	1,954,149	1,894,419	1,484,878	1,830,425	871,382	524,180	350,656	192,664	223,845	319,932	287,915
total liabilities	13,089,589	9,038,692	10,305,616	9,161,767	6,762,509	6,908,027	5,412,779	5,230,930	3,034,946	2,402,730	2,887,240	2,015,104	1,954,907	2,282,436	1,537,657
net assets	10,985,761	11,274,540	9,696,245	5,393,245	4,713,319	4,193,802	3,676,450	3,327,307	4,148,160	3,587,998	3,002,043	2,422,834	1,889,538	1,341,452	756,381
total shareholders funds	10,985,761	11,274,540	9,696,245	5,393,245	4,713,319	4,193,802	3,676,450	3,327,307	4,148,160	3,587,998	3,002,043	2,422,834	1,889,538	1,341,452	756,381

	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	2,096,456	4,661,479	7,230,333	2,419,805	1,941,279	1,459,011	1,122,378	835,567	1,374,353	1,356,667	1,409,646	1,265,811	1,290,280	964,447	498,388
Depreciation	1,937,351	1,246,353	1,275,773	1,185,991	1,088,354	1,074,159	835,752	717,822	390,976	372,929	381,069	425,469	352,674	345,834	253,972
Amortisation	51,511	32,521	26,669	19,961	13,779	4,931
Tax	-623,081	-817,497	-1,503,114	-402,671	-352,420	-304,143	-233,104	-160,303	-266,862	-326,605	-393,871	-325,665	-331,536	-263,627	-117,472
Stock	-6,276	33,318	7,352	26,190	8,153	26,731
Debtors	318,491	645,991	394,704	1,856,531	-831,124	1,317,927	512,452	1,110,397	14,688	-261,395	461,645	528,604	40,037	774,373	1,055,557
Creditors	977,109	472,142	297,609	130,175	-1,427	504,054	-415,620	511,833	221,580	-109,107	318,216	-7,811	-184,962	730,535	405,043
Accruals and Deferred Income	654,137	-975,642	-226,939	808,736	-231,610	628,283	977,474	265,045	-100,327	-554,966	382,968	64,642	102,191	-24,372	559,609
Deferred Taxes & Provisions	850,656	252,093	283,709	57,097	77,340	-10,953	-7,962	-2,204	55,775	65,296	-10,626	-38,564	-37,522	31,235	103,136
Cash flow from operations	5,631,924	4,192,140	6,981,984	2,336,373	3,358,266	2,010,684	1,766,466	1,057,363	1,660,807	1,065,609	1,625,757	855,278	1,151,088	1,009,679	647,119
Investing Activities
capital expenditure	-5,165,041	-2,066,317	-2,715,631	-1,299,504	-1,290,719	-1,385,420	-845,711	-2,396,076	-935,372	-635,076	-490,303	-377,578	-183,086	-188,899	-1,483,879
Change in Investments	-1							1	-1			1
cash flow from investments	-5,165,040	-2,066,317	-2,715,631	-1,299,504	-1,290,719	-1,385,420	-845,711	-2,396,077	-935,371	-635,076	-490,303	-377,579	-183,086	-188,899	-1,483,879
Financing Activities
Bank loans		-291,660	191,660	175,000
Group/Directors Accounts	7,978					-67,964	-29		49,999					-1,234	19,228
Other Short Term Loans											-8,538	8,538
Long term loans	-152,184	-171,156	-116,660	1,325,000
Hire Purchase and Lease Commitments	1,713,201	-552,701	714,470	-96,750	10,179	441,828	-372,014	1,421,310	405,189	114,267	190,116	33,392	-207,236	8,615	450,641
other long term liabilities
share issue															501,673
interest	-12,154	-115,687	-124,219	-101,055	-119,343	-121,561	-90,481	-66,924	-30,510	-20,886	-15,351	4,050	-26,758	-41,349	-39,358
cash flow from financing	1,556,841	-1,131,204	665,251	1,302,195	-109,164	252,303	-462,524	1,354,386	424,678	93,381	166,227	45,980	-233,994	-33,968	932,184
cash and cash equivalents
cash	273,725	-1,155,381	3,631,604	1,102,911	1,008,384	361,612	8,581	-1,413,521	633,295	100,693	880,466	112,779	300,694	167,278	8,574
overdraft
change in cash	273,725	-1,155,381	3,631,604	1,102,911	1,008,384	361,612	8,581	-1,413,521	633,295	100,693	880,466	112,779	300,694	167,278	8,574

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLENT STEVEDORES LIMITED group structure

Solent Stevedores Limited has 1 subsidiary company.

Ultimate parent company

CULLEN GROUP LIMITED

03483672

1 parent

SOLENT STEVEDORES LIMITED

03931746

1 subsidiary

UNITED STEVEDORES LIMITED

10538599

SOLENT STEVEDORES LIMITED Shareholders

cullen group ltd

100%

Solent Stevedores Limited currently has 5 directors. The longest serving directors include Mr Stuart Cullen (Feb 2000) and Mrs Fiona Robson (Jun 2011).

officer	country	age	start	end	role
Mr Stuart Cullen		65 years	Feb 2000	-	Director
Mrs Fiona Robson	England	62 years	Jun 2011	-	Director
Mr Jonathan Williams	England	40 years	May 2017	-	Director
Mr Zachary McElvenny	England	41 years	Jan 2020	-	Director
Mr Clive Thomas	England	50 years	Aug 2021	-	Director

P&L

December 2023

turnover

42.4m

+5%

operating profit

2.1m

-55%

gross margin

16.8%

-25.53%

turnover

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

Balance Sheet

December 2023

net assets

11m

-0.03%

total assets

24.1m

+0.19%

cash

+0.05%

net assets

Total assets minus all liabilities

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company number

03931746

Type

Private limited with Share Capital

industry

52241 - Cargo handling for water transport activities of division 50

incorporation date

February 2000

ultimate parent company

CULLEN GROUP LIMITED

previous names

N/A

address

suite 1 drake house drake lane, dursley, gloucestershire, GL11 4HH

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 solent stevedores limited. Currently there are 1 open charges and 4 have been satisfied in the past.

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solent stevedores limited Company Information

solent stevedores limited Estimated Valuation

solent stevedores limited Estimated Valuation

solent stevedores limited Estimated Valuation

Solent Stevedores Limited Overview

Solent Stevedores Limited Health Check

SOLENT STEVEDORES LIMITED financials

solent stevedores limited Credit Report and Business Information

Solent Stevedores Limited Competitor Analysis

solent stevedores limited Ownership

solent stevedores limited directors

solent stevedores limited company details

solent stevedores limited Charges & Mortgages

solent stevedores limited Capital Raised & Share Issues BETA

solent stevedores limited Companies House Filings - See Documents