Solent Rib Charters Limited

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solent rib charters limited Company Information

Live

MatureMidHealthy

Company Number

04198160

Next Accounts

Dec 2025

Industry

Sea and coastal passenger water transport

Directors

Richard Ward

Stuart Hedges

Shareholders

mr stuart edward hedges

mr richard james ward

Group Structure

View All

Contact

Registered Address

unit 6 dell buildings, milford road, lymington, hants, SO41 0ED

Website

http://solentribcharters.co.uk

solent rib charters limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of SOLENT RIB CHARTERS LIMITED at £7.2m based on a Turnover of £10m and 0.72x industry multiple (adjusted for size and gross margin).

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Solent Rib Charters Limited is a live company located in lymington, SO41 0ED with a Companies House number of 04198160. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in April 2001, it's largest shareholder is mr stuart edward hedges with a 50% stake. Solent Rib Charters Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10m with healthy growth in recent years.

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Pomanda's financial health check has awarded Solent Rib Charters Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £10m, make it larger than the average company (£6.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (8.3%)

EXPORT

Solent Rib Charters Limited's latest turnover from March 2024 is estimated at £10 million and the company has net assets of £3.6 million. According to their latest financial statements, Solent Rib Charters Limited has 37 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	10,004,274	14,982,416	13,278,820	8,512,381	13,356,474	4,770,478	3,846,946	3,384,801	2,242,275	11,536,472	9,775,330	7,794,873	7,744,757	5,505,104	1,930,045
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,797,892	12,536,165	11,569,626	7,908,691	11,301,623	3,892,053	3,189,895	2,597,961	1,873,476	9,793,865	8,326,209	6,571,891	6,425,899	4,355,165	1,487,419
Gross Profit	2,206,382	2,446,251	1,709,194	603,689	2,054,851	878,425	657,051	786,840	368,799	1,742,607	1,449,121	1,222,981	1,318,859	1,149,939	442,626
Admin Expenses	2,268,370	1,663,091	1,222,949	619,285	1,605,361	669,580	155,322	773,672	245,534	1,753,573	1,251,305	531,584	1,170,786	1,051,821	-297,560
Operating Profit	-61,988	783,160	486,245	-15,596	449,490	208,845	501,729	13,168	123,265	-10,966	197,816	691,397	148,073	98,118	740,186
Interest Payable	0	21,781	31,219	15,250	1	1	0	7,678	7,985	0	0	0	0	0	0
Interest Receivable	62,085	46,748	5,935	338	176	609	183	158	222	791	1,310	646	377	353	33
Pre-Tax Profit	97	808,127	460,962	-30,508	449,665	209,453	501,912	5,649	115,503	-10,175	199,126	692,043	148,450	98,471	740,219
Tax	-24	-153,544	-87,583	0	-85,436	-39,796	-95,363	-1,130	-23,100	0	-45,799	-166,090	-38,597	-27,572	-207,261
Profit After Tax	73	654,583	373,379	-30,508	364,229	169,657	406,549	4,519	92,402	-10,175	153,327	525,953	109,853	70,899	532,958
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	73	654,583	373,379	-30,508	364,229	169,657	406,549	4,519	92,402	-10,175	153,327	525,953	109,853	70,899	532,958
Employee Costs	1,810,712	926,154	894,414	799,226	778,522	672,444	474,811	479,373	385,658	3,719,848	3,229,480	2,443,252	2,140,894	1,573,268	515,612
Number Of Employees	37	20	20	19	19	16	12	12	10	99	89	72	72	52	18
EBITDA*	836,172	1,681,320	1,172,791	637,924	1,015,865	705,784	879,071	314,273	412,783	236,058	447,488	947,201	343,718	222,259	853,506

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	3,348,377	3,211,631	2,794,237	2,400,288	1,819,605	2,005,430	1,714,827	1,332,639	1,267,607	937,920	788,794	1,088,075	1,016,540	526,980	462,254
Intangible Assets	84,793	96,115	107,437	0	0	0	0	0	18,986	69,085	146,724	98,875	0	0	250
Investments & Other	0	0	0	26,500	26,500	26,500	26,500	26,500	26,500	26,502	2	2	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,433,170	3,307,746	2,901,674	2,426,788	1,846,105	2,031,930	1,741,327	1,359,139	1,313,093	1,033,507	935,520	1,186,952	1,016,542	526,982	462,506
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	795,249	1,070,524	1,071,279	665,003	1,101,880	402,594	446,922	381,668	280,705	833,502	465,027	240,618	290,819	348,986	176,376
Group Debtors	2,155	2,155	32,887	0	0	85,050	50	39,440	105,000	0	0	0	0	0	0
Misc Debtors	265,714	197,734	220,734	103,291	47,015	75,628	185,490	208,606	225,039	0	0	0	0	0	0
Cash	1,268,513	1,096,632	1,103,296	479,473	197,487	154,814	7,616	65,555	60,968	28,015	288,456	235,633	22,924	127,759	13,316
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,331,631	2,367,045	2,428,196	1,247,767	1,346,382	718,086	640,078	695,269	671,712	861,517	753,483	476,251	313,743	476,745	189,692
total assets	5,764,801	5,674,791	5,329,870	3,674,555	3,192,487	2,750,016	2,381,405	2,054,408	1,984,805	1,895,024	1,689,003	1,663,203	1,330,285	1,003,727	652,198
Bank overdraft	0	0	0	0	0	19	0	0	245,691	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	381,323	57,822	66,112	30,080	21,234	20,877	12,778	18,126	9,107	512,109	295,913	423,440	616,475	399,770	119,140
Group/Directors Accounts	0	0	0	0	0	85,000	0	19,720	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	994,431	1,293,181	1,330,333	437,638	522,853	336,754	273,733	335,158	254,690	0	0	0	0	0	0
total current liabilities	1,375,754	1,351,003	1,396,445	467,718	544,087	442,650	286,511	373,004	509,488	512,109	295,913	423,440	616,475	399,770	119,140
loans	0	0	425,000	500,000	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	817,061	751,875	591,095	317,074	228,129	251,324	208,509	201,568	0	0	0	0	0	0	0
total long term liabilities	817,061	751,875	1,016,095	817,074	228,129	251,324	208,509	201,568	0	0	0	0	0	0	0
total liabilities	2,192,815	2,102,878	2,412,540	1,284,792	772,216	693,974	495,020	574,572	509,488	512,109	295,913	423,440	616,475	399,770	119,140
net assets	3,571,986	3,571,913	2,917,330	2,389,763	2,420,271	2,056,042	1,886,385	1,479,836	1,475,317	1,382,915	1,393,090	1,239,763	713,810	603,957	533,058
total shareholders funds	3,571,986	3,571,913	2,917,330	2,389,763	2,420,271	2,056,042	1,886,385	1,479,836	1,475,317	1,382,915	1,393,090	1,239,763	713,810	603,957	533,058

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-61,988	783,160	486,245	-15,596	449,490	208,845	501,729	13,168	123,265	-10,966	197,816	691,397	148,073	98,118	740,186
Depreciation	886,838	886,838	686,546	653,520	566,375	496,939	377,342	282,119	239,419	183,969	202,769	241,679	195,645	123,891	113,070
Amortisation	11,322	11,322	0	0	0	0	0	18,986	50,099	63,055	46,903	14,125	0	250	250
Tax	-24	-153,544	-87,583	0	-85,436	-39,796	-95,363	-1,130	-23,100	0	-45,799	-166,090	-38,597	-27,572	-207,261
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-207,295	-54,487	556,606	-380,601	585,623	-69,190	2,748	18,970	-222,758	368,475	224,409	-50,201	-58,167	172,610	176,376
Creditors	323,501	-8,290	36,032	8,846	357	8,099	-5,348	9,019	-503,002	216,196	-127,527	-193,035	216,705	280,630	119,140
Accruals and Deferred Income	-298,750	-37,152	892,695	-85,215	186,099	63,021	-61,425	80,468	254,690	0	0	0	0	0	0
Deferred Taxes & Provisions	65,186	160,780	274,021	88,945	-23,195	42,815	6,941	201,568	0	0	0	0	0	0	0
Cash flow from operations	1,133,380	1,697,601	1,731,350	1,031,101	508,067	849,113	721,128	585,228	364,129	83,779	49,753	638,277	579,993	302,707	589,009
Investing Activities
capital expenditure	-1,023,584	-1,304,232	-1,187,932	-1,234,203	-380,550	-787,542	-759,530	-347,151	-569,106	-318,511	1,760	-426,214	-685,205	-188,617	-575,824
Change in Investments	0	0	-26,500	0	0	0	0	0	-2	26,500	0	0	0	0	2
cash flow from investments	-1,023,584	-1,304,232	-1,161,432	-1,234,203	-380,550	-787,542	-759,530	-347,151	-569,104	-345,011	1,760	-426,214	-685,205	-188,617	-575,826
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	-85,000	85,000	-19,720	19,720	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-425,000	-75,000	500,000	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	154,188	0	0	0	0	0	0	0	0	0	0	0	100
interest	62,085	24,967	-25,284	-14,912	175	608	183	-7,520	-7,763	791	1,310	646	377	353	33
cash flow from financing	62,085	-400,033	53,904	485,088	-84,825	85,608	-19,537	12,200	-7,763	791	1,310	646	377	353	133
cash and cash equivalents
cash	171,881	-6,664	623,823	281,986	42,673	147,198	-57,939	4,587	32,953	-260,441	52,823	212,709	-104,835	114,443	13,316
overdraft	0	0	0	0	-19	19	0	-245,691	245,691	0	0	0	0	0	0
change in cash	171,881	-6,664	623,823	281,986	42,692	147,179	-57,939	250,278	-212,738	-260,441	52,823	212,709	-104,835	114,443	13,316

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLENT RIB CHARTERS LIMITED group structure

Solent Rib Charters Limited has 1 subsidiary company.

Ultimate parent company

SOLENT RIB CHARTERS LIMITED

04198160

1 subsidiary

TEAMBUILDING EVENTS LIMITED

06796758

SOLENT RIB CHARTERS LIMITED Shareholders

mr stuart edward hedges	50%
mr richard james ward	50%

Solent Rib Charters Limited currently has 2 directors. The longest serving directors include Mr Richard Ward (Apr 2001) and Mr Stuart Hedges (Jan 2006).

officer	country	age	start	end	role
Mr Richard Ward		58 years	Apr 2001	-	Director
Mr Stuart Hedges	England	45 years	Jan 2006	-	Director

P&L

March 2024

turnover

10m

-33%

operating profit

-62k

gross margin

22.1%

+35.08%

turnover

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

Balance Sheet

March 2024

net assets

3.6m

total assets

5.8m

+0.02%

cash

1.3m

+0.16%

net assets

Total assets minus all liabilities

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company number

04198160

Type

Private limited with Share Capital

industry

50100 - Sea and coastal passenger water transport

incorporation date

April 2001

ultimate parent company

None

previous names

N/A

address

unit 6 dell buildings, milford road, lymington, hants, SO41 0ED

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solent rib charters limited Company Information

solent rib charters limited Estimated Valuation

solent rib charters limited Estimated Valuation

solent rib charters limited Estimated Valuation

Solent Rib Charters Limited Overview

Solent Rib Charters Limited Health Check

SOLENT RIB CHARTERS LIMITED financials

solent rib charters limited Credit Report and Business Information

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solent rib charters limited Ownership

solent rib charters limited directors

solent rib charters limited company details

solent rib charters limited Charges & Mortgages

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