steamer properties limited
steamer properties limited Company Information
Group Structure
View All
Industry
Activities of head offices
Registered Address
bm advisory 1 liverpool terrace, worthing, west sussex, BN11 1TA
Website
steamer.co.uksteamer properties limited Estimated Valuation
Pomanda estimates the enterprise value of STEAMER PROPERTIES LIMITED at £44.8m based on a Turnover of £38.8m and 1.15x industry multiple (adjusted for size and gross margin).
steamer properties limited Estimated Valuation
Pomanda estimates the enterprise value of STEAMER PROPERTIES LIMITED at £0 based on an EBITDA of £-3.5m and a 9.12x industry multiple (adjusted for size and gross margin).
steamer properties limited Estimated Valuation
Pomanda estimates the enterprise value of STEAMER PROPERTIES LIMITED at £21.1m based on Net Assets of £10m and 2.11x industry multiple (adjusted for liquidity).
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Steamer Properties Limited Overview
Steamer Properties Limited is a dissolved company that was located in west sussex, BN11 1TA with a Companies House number of 03956488. It operated in the activities of head offices sector, SIC Code 70100. Founded in March 2000, it's largest shareholder was ben sebastian phillips with a 100% stake. The last turnover for Steamer Properties Limited was estimated at £38.8m.
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Steamer Properties Limited Health Check
Pomanda's financial health check has awarded Steamer Properties Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £38.8m, make it larger than the average company (£16.6m)
£38.8m - Steamer Properties Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.5%)
23% - Steamer Properties Limited
4.5% - Industry AVG
Production
with a gross margin of 45.4%, this company has a lower cost of product (32.4%)
45.4% - Steamer Properties Limited
32.4% - Industry AVG
Profitability
an operating margin of -15.2% make it less profitable than the average company (5.2%)
-15.2% - Steamer Properties Limited
5.2% - Industry AVG
Employees
with 469 employees, this is above the industry average (112)
469 - Steamer Properties Limited
112 - Industry AVG
Pay Structure
on an average salary of £22.7k, the company has a lower pay structure (£38.8k)
£22.7k - Steamer Properties Limited
£38.8k - Industry AVG
Efficiency
resulting in sales per employee of £82.7k, this is less efficient (£159k)
£82.7k - Steamer Properties Limited
£159k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (50 days)
1 days - Steamer Properties Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (48 days)
64 days - Steamer Properties Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 109 days, this is more than average (41 days)
109 days - Steamer Properties Limited
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Steamer Properties Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a similar level of debt than the average (62.9%)
64.2% - Steamer Properties Limited
62.9% - Industry AVG
STEAMER PROPERTIES LIMITED financials
Steamer Properties Limited's latest turnover from June 2017 is £38.8 million and the company has net assets of £10 million. According to their latest financial statements, Steamer Properties Limited has 469 employees and maintains cash reserves of £176.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 38,808,887 | 23,762,068 | 21,108,083 | 18,847,052 | 17,474,579 | 15,924,275 | 14,393,788 | 13,090,741 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | 21,195,560 | 11,840,455 | 10,421,364 | 9,157,291 | 8,382,532 | 7,770,955 | 6,758,632 | 6,024,193 |
| Gross Profit | 17,613,327 | 11,921,613 | 10,686,719 | 9,689,761 | 9,092,047 | 8,153,320 | 7,635,156 | 7,066,548 |
| Admin Expenses | 23,510,526 | 11,205,681 | 9,151,438 | 8,004,140 | 7,449,108 | 6,665,595 | 5,622,600 | 5,064,326 |
| Operating Profit | -5,897,199 | 715,932 | 1,535,281 | 1,685,621 | 1,642,939 | 1,487,725 | 2,012,556 | 2,002,222 |
| Interest Payable | 913,873 | 625,846 | 680,992 | 623,139 | 639,658 | 565,740 | 400,312 | 310,436 |
| Interest Receivable | 538 | 313 | 231 | 31 | 2 | 357 | ||
| Pre-Tax Profit | -1,432,742 | 1,924,093 | 1,217,751 | 1,233,665 | 1,003,281 | 1,069,825 | 1,612,246 | 1,692,143 |
| Tax | 686,848 | -389,940 | -328,661 | -313,075 | -395,995 | -253,509 | -537,765 | -506,539 |
| Profit After Tax | -745,894 | 1,534,153 | 889,090 | 920,590 | 607,286 | 816,316 | 1,074,481 | 1,185,604 |
| Dividends Paid | 355,000 | |||||||
| Retained Profit | -1,100,894 | 1,534,153 | 889,090 | 920,590 | 607,286 | 816,316 | 1,074,481 | 1,185,604 |
| Employee Costs | 10,663,435 | 4,712,187 | 3,836,492 | 3,187,693 | 2,991,662 | 2,597,622 | 2,287,487 | 2,002,034 |
| Number Of Employees | 469 | 402 | 370 | 336 | 298 | 269 | 225 | 207 |
| EBITDA* | -3,508,891 | 2,141,328 | 3,101,075 | 3,129,760 | 2,938,263 | 2,803,842 | 3,060,010 | 2,811,068 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,901,476 | 17,136,436 | 19,339,188 | 22,442,663 | 19,409,841 | 19,778,795 | 19,131,148 | 15,309,455 |
| Intangible Assets | 1,036,125 | |||||||
| Investments & Other | 1,813,848 | 3,966,200 | 3,705,756 | |||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 13,751,449 | 21,102,636 | 23,044,944 | 22,442,663 | 19,409,841 | 19,778,795 | 19,131,148 | 15,309,455 |
| Stock & work in progress | 6,379,464 | 6,057,770 | 5,250,785 | 4,269,590 | 3,638,112 | 3,096,120 | 2,937,850 | 2,870,207 |
| Trade Debtors | 131,654 | 98,607 | 55,377 | 113,357 | 83,553 | 125,568 | 120,594 | 91,752 |
| Group Debtors | ||||||||
| Misc Debtors | 7,561,961 | 1,112,166 | 656,713 | 582,246 | 487,621 | 500,835 | 375,595 | 378,628 |
| Cash | 176,887 | 2,870,337 | 742,067 | 155,213 | 431,158 | 1,057,176 | 4,261 | 18,316 |
| misc current assets | ||||||||
| total current assets | 14,249,966 | 10,138,880 | 6,704,942 | 5,120,406 | 4,640,444 | 4,779,699 | 3,438,300 | 3,358,903 |
| total assets | 28,001,415 | 31,241,516 | 29,749,886 | 27,563,069 | 24,050,285 | 24,558,494 | 22,569,448 | 18,668,358 |
| Bank overdraft | 10,914,085 | 1,987,435 | 1,461,639 | 6,517 | 1,330,730 | 1,064,479 | ||
| Bank loan | 1,291,140 | 899,732 | 899,732 | 854,740 | 659,919 | |||
| Trade Creditors | 3,751,880 | 1,860,070 | 1,815,406 | 1,480,468 | 1,309,134 | 1,334,408 | 898,051 | 783,697 |
| Group/Directors Accounts | 4,013 | 38,305 | 97,433 | 32,259 | 51,015 | |||
| other short term finances | 350,930 | 328,297 | 760,993 | |||||
| hp & lease commitments | 20,462 | 20,514 | 6,448 | 5,250 | 5,250 | 6,242 | 11,921 | 11,921 |
| other current liabilities | 2,530,939 | 2,218,631 | 1,838,329 | 1,690,423 | 1,743,451 | 1,652,298 | 1,094,873 | 906,492 |
| total current liabilities | 17,568,296 | 6,414,947 | 5,882,815 | 4,471,294 | 3,995,872 | 3,996,630 | 4,222,574 | 3,477,523 |
| loans | 13,226,645 | 13,845,905 | 13,946,434 | 11,506,136 | 12,405,868 | 10,684,124 | 8,363,260 | |
| hp & lease commitments | 4,575 | 41,262 | 8,936 | 2,625 | 7,875 | 6,242 | 18,162 | |
| Accruals and Deferred Income | ||||||||
| other liabilities | 350,000 | 600,000 | 780,000 | 963,000 | 1,158,000 | |||
| provisions | 414,250 | 443,474 | 431,195 | 86,237 | 154,513 | 197,393 | 331,221 | 363,607 |
| total long term liabilities | 418,825 | 13,711,381 | 14,286,036 | 14,385,296 | 12,268,524 | 13,383,261 | 11,984,587 | 9,903,029 |
| total liabilities | 17,987,121 | 20,126,328 | 20,168,851 | 18,856,590 | 16,264,396 | 17,379,891 | 16,207,161 | 13,380,552 |
| net assets | 10,014,294 | 11,115,188 | 9,581,035 | 8,706,479 | 7,785,889 | 7,178,603 | 6,362,287 | 5,287,806 |
| total shareholders funds | 10,014,294 | 11,115,188 | 9,581,035 | 8,706,479 | 7,785,889 | 7,178,603 | 6,362,287 | 5,287,806 |
| Jun 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -5,897,199 | 715,932 | 1,535,281 | 1,685,621 | 1,642,939 | 1,487,725 | 2,012,556 | 2,002,222 |
| Depreciation | 1,947,108 | 1,425,396 | 1,565,794 | 1,444,139 | 1,295,324 | 1,316,117 | 1,047,454 | 808,846 |
| Amortisation | 441,200 | |||||||
| Tax | 686,848 | -389,940 | -328,661 | -313,075 | -395,995 | -253,509 | -537,765 | -506,539 |
| Stock | 6,379,464 | 806,985 | 981,195 | 631,478 | 541,992 | 158,270 | 67,643 | 2,870,207 |
| Debtors | 7,693,615 | 498,683 | 16,487 | 124,429 | -55,229 | 130,214 | 25,809 | 470,380 |
| Creditors | 3,751,880 | 44,664 | 334,938 | 171,334 | -25,274 | 436,357 | 114,354 | 783,697 |
| Accruals and Deferred Income | 2,530,939 | 380,302 | 147,906 | -53,028 | 91,153 | 557,425 | 188,381 | 906,492 |
| Deferred Taxes & Provisions | 414,250 | 12,279 | 344,958 | -68,276 | -42,880 | -133,828 | -32,386 | 363,607 |
| Cash flow from operations | -10,198,053 | 882,965 | 2,602,534 | 2,110,808 | 2,078,504 | 3,121,803 | 2,699,142 | 1,017,738 |
| Investing Activities | ||||||||
| capital expenditure | 10,548,628 | 2,343,837 | -817,886 | -4,305,809 | -910,620 | -1,816,890 | -4,869,147 | -4,302,885 |
| Change in Investments | 1,813,848 | 260,444 | 3,705,756 | |||||
| cash flow from investments | 8,734,780 | 2,083,393 | -4,523,642 | -4,305,809 | -910,620 | -1,816,890 | -4,869,147 | -4,302,885 |
| Financing Activities | ||||||||
| Bank loans | -1,291,140 | 391,408 | 44,992 | 194,821 | 659,919 | |||
| Group/Directors Accounts | -4,013 | -34,292 | -59,128 | 65,174 | -18,756 | 51,015 | ||
| Other Short Term Loans | 350,930 | -432,696 | 760,993 | |||||
| Long term loans | -619,260 | -100,529 | 2,440,298 | -899,732 | 1,721,744 | 2,320,864 | 8,363,260 | |
| Hire Purchase and Lease Commitments | 25,037 | 46,392 | 7,509 | -5,250 | 6,883 | -11,921 | -11,920 | 30,083 |
| other long term liabilities | -350,000 | -250,000 | -180,000 | -183,000 | -195,000 | 1,158,000 | ||
| share issue | ||||||||
| interest | -913,335 | -625,533 | -680,761 | -623,108 | -639,658 | -565,740 | -400,310 | -310,079 |
| cash flow from financing | 10,577,820 | -1,631,097 | -1,672,475 | 1,919,056 | -1,771,635 | 1,071,249 | 1,889,699 | 14,054,400 |
| cash and cash equivalents | ||||||||
| cash | 176,887 | 2,128,270 | 586,854 | -275,945 | -626,018 | 1,052,915 | -14,055 | 18,316 |
| overdraft | 10,914,085 | 525,796 | 1,461,639 | -6,517 | -1,324,213 | 266,251 | 1,064,479 | |
| change in cash | -10,737,198 | 1,602,474 | -874,785 | -275,945 | -619,501 | 2,377,128 | -280,306 | -1,046,163 |
steamer properties limited Credit Report and Business Information
Steamer Properties Limited Competitor Analysis
Perform a competitor analysis for steamer properties limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in BN11 area or any other competitors across 12 key performance metrics.
steamer properties limited Ownership
STEAMER PROPERTIES LIMITED group structure
Steamer Properties Limited has 1 subsidiary company.
Ultimate parent company
STEAMER PROPERTIES LIMITED
03956488
1 subsidiary
steamer properties limited directors
Steamer Properties Limited currently has 1 director, Mr Ben Phillips serving since Apr 2000.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ben Phillips | 56 years | Apr 2000 | - | Director |
P&L
June 2017turnover
38.8m
0%
operating profit
-5.9m
0%
gross margin
45.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2017net assets
10m
0%
total assets
28m
0%
cash
176.9k
0%
net assets
Total assets minus all liabilities
steamer properties limited company details
company number
03956488
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2017
previous names
oldrest ltd (November 2000)
accountant
-
auditor
-
address
bm advisory 1 liverpool terrace, worthing, west sussex, BN11 1TA
Bank
-
Legal Advisor
-
steamer properties 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 steamer properties limited.
steamer properties 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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steamer properties limited Companies House Filings - See Documents
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