Surf South West Limited

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surf south west limited Company Information

Live

MatureMicroDeclining

Company Number

04180496

Website

www.surfsouthwest.com

Registered Address

grenville house, 9 boutport street, barnstaple, devon, EX31 1TZ

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

01271890400

Next Accounts Due

January 2026

Group Structure

View All

Directors

William Houston5 Years

John Ellis5 Years

Shareholders

john phillip ellis 50%

william houston 50%

surf south west limited Estimated Valuation

£85.4k

Pomanda estimates the enterprise value of SURF SOUTH WEST LIMITED at £85.4k based on a Turnover of £155.9k and 0.55x industry multiple (adjusted for size and gross margin).

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Surf South West Limited is a live company located in barnstaple, EX31 1TZ with a Companies House number of 04180496. It operates in the other sports activities sector, SIC Code 93199. Founded in March 2001, it's largest shareholder is john phillip ellis with a 50% stake. Surf South West Limited is a mature, micro sized company, Pomanda has estimated its turnover at £155.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Surf South West Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £155.9k, make it smaller than the average company (£609.1k)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (14.1%)

EXPORT

Surf South West Limited's latest turnover from April 2024 is estimated at £155.9 thousand and the company has net assets of £21.3 thousand. According to their latest financial statements, Surf South West Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	155,926	196,363	283,813	355,397	285,851	113,347	288,275	303,851	0	28,756	37,020	51,846	49,869	36,656	29,099
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	123,909	153,447	215,527	292,364	227,869	88,575	218,619	225,341	0	21,606	27,955	39,922	38,008	28,438	21,137
Gross Profit	32,017	42,916	68,286	63,033	57,982	24,772	69,656	78,510	0	7,151	9,065	11,923	11,861	8,218	7,963
Admin Expenses	40,247	62,988	64,677	41,300	34,857	280,976	65,754	69,713	-166	6,456	6,065	24,349	-15,519	9,863	-340,088
Operating Profit	-8,230	-20,072	3,609	21,733	23,125	-256,204	3,902	8,797	166	695	3,000	-12,426	27,380	-1,645	348,051
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	845	1,852	2,177	1,170
Interest Receivable	0	0	0	0	12	185	111	41	74	87	87	183	234	187	97
Pre-Tax Profit	-8,230	-20,072	3,609	21,733	23,137	-256,019	4,014	8,838	240	783	3,087	-13,088	25,762	-3,635	346,978
Tax	0	0	-686	-4,129	-4,396	0	-763	-1,679	-48	-156	-648	0	-6,183	0	-97,154
Profit After Tax	-8,230	-20,072	2,923	17,604	18,741	-256,019	3,251	7,159	192	626	2,439	-13,088	19,579	-3,635	249,824
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,230	-20,072	2,923	17,604	18,741	-256,019	3,251	7,159	192	626	2,439	-13,088	19,579	-3,635	249,824
Employee Costs	177,300	204,632	210,552	185,503	176,903	181,565	211,318	212,478	0	25,160	24,000	25,604	24,129	23,171	24,357
Number Of Employees	7	8	8	8	8	8	10	10	0	1	1	1	1	1	1
EBITDA*	-8,230	-20,072	3,609	21,733	23,994	-253,040	4,020	11,846	721	1,250	4,033	-11,591	29,472	682	350,378

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	25,409	22,155	22,118	1,955	2,578	846	253,164	254,531	252,585	253,140	253,695	254,728	255,563	257,655	259,982
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	25,409	22,155	22,118	1,955	2,578	846	253,164	254,531	252,585	253,140	253,695	254,728	255,563	257,655	259,982
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	18,193	30,023	56,025	74,300	52,942	8,511	0	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	23,870	25,415	19,166	13,617	16,036	18,780	16,078	57,249	36,250	38,642
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	18,193	30,023	56,025	74,300	52,942	32,381	25,415	19,166	13,617	16,036	18,780	16,078	57,249	36,250	38,642
total assets	43,602	52,178	78,143	76,255	55,520	33,227	278,579	273,697	266,202	269,176	272,475	270,806	312,812	293,905	298,624
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	22,308	22,654	28,547	29,582	26,451	4,390	0	0	0	13,126	17,012	17,662	20,524	15,590	11,674
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	25,996	30,996	35,996
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	18,507	11,662	9,778	10,013	0	0	0	0	0	0
total current liabilities	22,308	22,654	28,547	29,582	26,451	22,897	11,662	9,778	10,013	13,126	17,012	17,662	46,520	46,586	47,670
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0
provisions	0	0	0	0	0	0	568	821	250	303	342	462	522	1,128	1,128
total long term liabilities	0	0	0	0	0	0	568	821	250	303	342	462	522	1,128	1,128
total liabilities	22,308	22,654	28,547	29,582	26,451	22,897	12,230	10,599	10,263	13,429	17,354	18,124	47,042	47,714	48,798
net assets	21,294	29,524	49,596	46,673	29,069	10,330	266,349	263,098	255,939	255,747	255,121	252,682	265,770	246,191	249,826
total shareholders funds	21,294	29,524	49,596	46,673	29,069	10,330	266,349	263,098	255,939	255,747	255,121	252,682	265,770	246,191	249,826

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-8,230	-20,072	3,609	21,733	23,125	-256,204	3,902	8,797	166	695	3,000	-12,426	27,380	-1,645	348,051
Depreciation	0	0	0	0	869	3,164	118	3,049	555	555	1,033	835	2,092	2,327	2,327
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-686	-4,129	-4,396	0	-763	-1,679	-48	-156	-648	0	-6,183	0	-97,154
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-11,830	-26,002	-18,275	21,358	44,431	8,511	0	0	0	0	0	0	0	0	0
Creditors	-346	-5,893	-1,035	3,131	22,061	4,390	0	0	-13,126	-3,886	-650	-2,862	4,934	3,916	11,674
Accruals and Deferred Income	0	0	0	0	-18,507	6,845	1,884	-235	10,013	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-568	-253	571	-53	-39	-120	-60	-606	0	1,128
Cash flow from operations	3,254	37	20,163	-623	-21,279	-250,884	4,888	10,503	-2,493	-2,831	2,615	-14,513	27,617	4,598	266,026
Investing Activities
capital expenditure	-3,254	-37	-20,163	623	-2,601	249,154	1,249	-4,995	0	0	0	0	0	0	-262,309
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,254	-37	-20,163	623	-2,601	249,154	1,249	-4,995	0	0	0	0	0	0	-262,309
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-25,996	-5,000	-5,000	35,996
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	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	0	0	0	0
share issue	0	0	0	0	-2	0	0	0	0	0	0	0	0	0	2
interest	0	0	0	0	12	185	111	41	74	87	87	-662	-1,618	-1,990	-1,073
cash flow from financing	0	0	0	0	10	185	111	41	74	87	87	-26,658	-6,618	-6,990	34,925
cash and cash equivalents
cash	0	0	0	0	-23,870	-1,545	6,249	5,549	-2,419	-2,744	2,702	-41,171	20,999	-2,392	38,642
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-23,870	-1,545	6,249	5,549	-2,419	-2,744	2,702	-41,171	20,999	-2,392	38,642

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SURF SOUTH WEST LIMITED group structure

Surf South West Limited has no subsidiary companies.

Ultimate parent company

SURF SOUTH WEST LIMITED

04180496

SURF SOUTH WEST LIMITED Shareholders

john phillip ellis	50%
william houston	50%

Surf South West Limited currently has 2 directors. The longest serving directors include Mr William Houston (Jan 2019) and Mr John Ellis (Jan 2019).

officer	country	age	start	end	role
Mr William Houston		44 years	Jan 2019	-	Director
Mr John Ellis		44 years	Jan 2019	-	Director

P&L

April 2024

turnover

155.9k

-21%

operating profit

-8.2k

gross margin

20.6%

-6.05%

turnover

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

Balance Sheet

April 2024

net assets

21.3k

-0.28%

total assets

43.6k

-0.16%

cash

net assets

Total assets minus all liabilities

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company number

04180496

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

March 2001

ultimate parent company

None

previous names

surf southwest limited (April 2001)

address

grenville house, 9 boutport street, barnstaple, devon, EX31 1TZ

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 surf south west limited.

surf south west limited Company Information

surf south west limited Estimated Valuation

surf south west limited Estimated Valuation

surf south west limited Estimated Valuation

Surf South West Limited Overview

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SURF SOUTH WEST LIMITED financials

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