global marine holdings limited

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global marine holdings limited Company Information

Share GLOBAL MARINE HOLDINGS LIMITED
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Company Number

04352407

Registered Address

ocean house 1 winsford way, boreham interchange, chelmsford, essex, CM2 5PD

Industry

Other business support service activities n.e.c.

 

Telephone

01245702000

Next Accounts Due

September 2024

Group Structure

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Directors

Dick Fagerstal9 Years

Bruce Neilson-Watts4 Years

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Shareholders

trafalgar acquisition co limited 100%

global marine holdings limited Estimated Valuation

£213m

Pomanda estimates the enterprise value of GLOBAL MARINE HOLDINGS LIMITED at £213m based on a Turnover of £170.8m and 1.25x industry multiple (adjusted for size and gross margin).

global marine holdings limited Estimated Valuation

£242.3m

Pomanda estimates the enterprise value of GLOBAL MARINE HOLDINGS LIMITED at £242.3m based on an EBITDA of £24.8m and a 9.78x industry multiple (adjusted for size and gross margin).

global marine holdings limited Estimated Valuation

£196.8m

Pomanda estimates the enterprise value of GLOBAL MARINE HOLDINGS LIMITED at £196.8m based on Net Assets of £86.8m and 2.27x industry multiple (adjusted for liquidity).

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Global Marine Holdings Limited Overview

Global Marine Holdings Limited is a live company located in chelmsford, CM2 5PD with a Companies House number of 04352407. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2002, it's largest shareholder is trafalgar acquisition co limited with a 100% stake. Global Marine Holdings Limited is a mature, mega sized company, Pomanda has estimated its turnover at £170.8m with healthy growth in recent years.

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Global Marine Holdings Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £170.8m, make it larger than the average company (£3.8m)

£170.8m - Global Marine Holdings Limited

£3.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3%)

13% - Global Marine Holdings Limited

3% - Industry AVG

production

Production

with a gross margin of 38.8%, this company has a comparable cost of product (38.8%)

38.8% - Global Marine Holdings Limited

38.8% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (6.3%)

-0.2% - Global Marine Holdings Limited

6.3% - Industry AVG

employees

Employees

with 554 employees, this is above the industry average (25)

554 - Global Marine Holdings Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £85.9k, the company has a higher pay structure (£50.6k)

£85.9k - Global Marine Holdings Limited

£50.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £308.3k, this is more efficient (£157.6k)

£308.3k - Global Marine Holdings Limited

£157.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 68 days, this is later than average (44 days)

68 days - Global Marine Holdings Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 104 days, this is slower than average (33 days)

104 days - Global Marine Holdings Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 37 days, this is in line with average (32 days)

37 days - Global Marine Holdings Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (24 weeks)

5 weeks - Global Marine Holdings Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 65.9%, this is a similar level of debt than the average (63.6%)

65.9% - Global Marine Holdings Limited

63.6% - Industry AVG

GLOBAL MARINE HOLDINGS LIMITED financials

EXPORTms excel logo

Global Marine Holdings Limited's latest turnover from December 2022 is £170.8 million and the company has net assets of £86.8 million. According to their latest financial statements, Global Marine Holdings Limited has 554 employees and maintains cash reserves of £16.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover170,822,350151,278,402203,179,445118,646,288151,528,489131,542,462122,480,66187,678,00099,011,00099,004,000129,271,000113,392,000186,558,000193,889,000
Other Income Or Grants00000000000000
Cost Of Sales104,474,72694,478,415127,951,05774,191,01595,108,30781,795,90175,679,69855,694,05763,881,52364,474,62982,719,28570,962,197114,047,6270
Gross Profit66,347,62456,799,98775,228,38744,455,27356,420,18249,746,56146,800,96231,983,94335,129,47734,529,37146,551,71542,429,80372,510,3730
Admin Expenses66,706,64470,233,31872,688,81060,614,62673,759,88154,128,64542,375,19627,897,94319,788,47724,296,37151,744,71550,656,80352,928,373-17,991,000
Operating Profit-359,020-13,433,3312,539,577-16,159,353-17,339,699-4,382,0844,425,7664,086,00015,341,00010,233,000-5,193,000-8,227,00019,582,00017,991,000
Interest Payable6,028,948975,1762,082,0564,288,0664,461,2643,634,5293,707,9742,694,0002,770,0005,444,0006,078,0006,032,00011,901,00012,531,000
Interest Receivable55,793415,6221,319,519709,428819,748869,430490,181174,0001,543,0001,769,000742,0001,095,000525,000500,000
Pre-Tax Profit-33,734,131-46,953,1824,619,97551,131,076-7,014,4397,932,77415,658,2869,336,00016,711,0003,078,000-1,117,000-10,687,000833,0009,273,000
Tax-228,835144,740185,661393,013-38,814-273,249-778,042-135,000-301,000-469,000-766,000-522,000-424,000-1,023,000
Profit After Tax-33,962,966-46,808,4424,805,63651,524,089-7,053,2537,659,52514,880,2449,201,00016,410,0002,609,000-1,883,000-11,209,000409,0008,250,000
Dividends Paid00125,060,92000005,350,0006,373,00000000
Retained Profit-34,600,954-46,581,224-120,566,92951,645,071-6,969,4157,659,52514,880,2443,851,0007,646,0002,093,000-1,546,000-11,209,000409,0008,250,000
Employee Costs47,561,25247,469,07136,368,83529,133,08030,868,65426,190,03324,216,00723,313,00023,366,00026,032,00028,665,00024,257,00021,997,00022,699,000
Number Of Employees554562468460414413397359371385473450428415
EBITDA*24,783,6987,160,18419,709,9044,361,0856,950,00717,239,55924,496,42918,498,00027,690,00022,895,00010,359,0003,261,00034,442,00029,396,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets133,022,560179,239,104165,234,977124,645,285145,433,162158,390,777108,229,69389,743,00094,552,000101,863,000104,244,000139,558,000134,502,000141,533,000
Intangible Assets-1,753,8613,995,3104,359,7183,595,8193,632,9763,369,818-8,156,055-8,719,000-10,076,000-11,435,000-12,815,000-14,310,000-16,143,000-18,586,000
Investments & Other46,442,14459,813,21348,490,67637,641,20676,092,99887,561,71466,213,18148,565,00049,348,00046,667,00047,912,00076,870,00066,117,00062,154,000
Debtors (Due After 1 year)00000003,208,0003,050,0004,555,0004,614,00005,077,0005,793,000
Total Fixed Assets177,710,843243,047,627218,085,371165,882,311225,159,137249,322,310166,286,819132,797,000136,874,000141,650,000143,955,000202,118,000189,553,000190,894,000
Stock & work in progress10,844,9919,762,2718,905,9266,102,7997,071,1074,802,0493,690,1223,515,0004,220,0005,865,0004,256,0006,372,0005,400,0005,672,000
Trade Debtors31,884,85524,619,55230,538,74817,634,76334,947,21327,716,96919,883,21912,785,0009,795,00015,637,00027,098,00016,803,00020,374,00063,486,000
Group Debtors3,435,7560316,618102,598,6115,683,9008,345,7533,404,4921,169,000100,00000000
Misc Debtors17,691,43631,065,73955,171,15621,276,39718,473,06319,941,77917,591,49022,484,00011,933,00032,990,00016,133,00027,314,00016,405,00019,365,000
Cash16,376,64815,344,86910,337,3397,293,2927,036,1758,479,27314,242,04114,697,00037,301,00025,983,00029,767,00010,858,00025,171,00026,702,000
misc current assets00000000000000
total current assets80,233,68680,792,431105,269,789154,905,86373,211,45869,285,82558,811,36654,650,00063,349,00080,475,00077,254,00061,347,00067,350,000115,225,000
total assets257,944,530323,840,058323,355,160320,788,174298,370,595318,608,135225,098,185187,447,000200,223,000222,125,000221,209,000263,465,000256,903,000306,119,000
Bank overdraft000000528,1170000000
Bank loan00000000000000
Trade Creditors 30,051,75143,676,72033,987,56710,194,0014,906,0705,534,0794,912,9723,523,0006,405,0007,916,0002,435,00017,794,00011,916,00017,842,000
Group/Directors Accounts52,154,92870,342,03955,384,99899,5061,713,2431,494,3332,052,9606,000281,00034,0000000
other short term finances846,607360,637363,86218,049,96714,129,0179,440,3044,124,5163,002,0002,853,0000000965,000
hp & lease commitments8,265,5457,533,7597,225,8595,840,0745,953,2685,861,6672,871,9132,558,0002,357,00019,219,0004,079,0006,015,0005,003,0007,551,000
other current liabilities54,507,96446,914,36848,474,92727,116,47231,938,36332,752,67826,851,38323,015,00018,986,00020,073,00024,567,00026,688,00024,575,00072,145,000
total current liabilities145,826,797168,827,525145,437,21561,300,02158,639,96355,083,06241,341,86332,104,00030,882,00047,242,00031,081,00050,497,00041,494,00098,503,000
loans00011,415,27613,619,77916,672,87616,463,1066,114,00013,271,00000000
hp & lease commitments24,254,87122,233,36213,612,10117,767,19825,378,04631,787,76534,108,15233,038,00035,526,00036,881,00058,256,00075,599,00098,124,00093,816,000
Accruals and Deferred Income00000004,283,0004,071,0004,309,0003,917,0003,995,0003,995,0003,840,000
other liabilities00000000000000
provisions0198,916454,206967,8571,567,3031,589,8151,507,7351,247,0002,360,00019,285,00011,037,0005,261,000721,000475,000
total long term liabilities24,254,87222,432,27914,066,30743,364,59354,967,39664,444,18668,362,09561,629,00079,180,00091,568,00098,812,000106,834,000111,928,000114,023,000
total liabilities170,081,669191,259,804159,503,522104,664,614113,607,359119,527,247109,703,95793,733,000110,062,000138,810,000129,893,000157,331,000153,422,000212,526,000
net assets86,769,629132,057,896163,515,126216,115,685184,623,506199,080,888115,394,22893,714,00090,161,00073,437,00080,893,000106,134,000103,481,00093,593,000
total shareholders funds86,769,629132,057,896163,515,126216,115,685184,623,506199,080,888115,394,22893,714,00090,161,00073,437,00080,893,000106,134,000103,481,00093,593,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-359,020-13,433,3312,539,577-16,159,353-17,339,699-4,382,0844,425,7664,086,00015,341,00010,233,000-5,193,000-8,227,00019,582,00017,991,000
Depreciation24,991,51020,335,57016,977,20720,277,04224,018,01020,308,95818,614,99613,055,00010,811,00011,282,00014,057,00013,321,00012,417,00014,667,000
Amortisation151,208257,944193,120243,396271,6961,312,6841,455,6671,357,0001,538,0001,380,0001,495,000-1,833,0002,443,000-3,262,000
Tax-228,835144,740185,661393,013-38,814-273,249-778,042-135,000-301,000-469,000-766,000-522,000-424,000-1,023,000
Stock1,082,720856,3442,803,127-968,3082,269,0581,111,927175,122-705,000-1,645,0001,609,000-2,116,000972,000-272,0005,672,000
Debtors-2,673,243-30,341,232-55,483,24882,405,5953,099,67415,125,3001,233,20214,768,000-28,304,0005,337,0003,728,0002,261,000-46,788,00088,644,000
Creditors-13,624,9709,689,15323,793,5665,287,931-628,008621,1061,389,972-2,882,000-1,511,0005,481,000-15,359,0005,878,000-5,926,00017,842,000
Accruals and Deferred Income7,593,596-1,560,55921,358,455-4,821,891-814,3155,901,295-446,6174,241,000-1,325,000-4,102,000-2,199,0002,113,000-47,415,00075,985,000
Deferred Taxes & Provisions-198,916-255,290-513,651-599,446-22,51282,080260,735-1,113,000-16,925,0008,248,0005,776,0004,540,000246,000475,000
Cash flow from operations19,915,09644,663,115117,214,056-76,816,59577,6267,333,56323,514,1534,546,00037,577,00025,107,000-3,801,00012,037,00027,983,00028,359,000
Investing Activities
capital expenditure0000308,958-2,268,281-18,566,646-1,189,000-6,041,000-28,212,000-20,777,000-18,280,000-1,816,000-12,426,000
Change in Investments-13,371,06811,322,53710,849,470-38,451,792-11,468,71621,348,53317,648,181-783,0002,681,000-1,245,000-28,958,00010,753,0003,963,00062,154,000
cash flow from investments13,371,068-11,322,537-10,849,47038,451,79211,777,674-23,616,814-36,214,827-406,000-8,722,000-26,967,0008,181,000-29,033,000-5,779,000-74,580,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-18,187,11114,957,04155,285,492-1,613,737218,910-558,6272,046,960-275,000247,00034,0000000
Other Short Term Loans 485,970-3,225-17,686,1053,920,9504,688,7135,315,7881,122,516149,0002,853,000000-965,000965,000
Long term loans00-11,415,276-2,204,503-3,053,097209,77010,349,106-7,157,00013,271,00000000
Hire Purchase and Lease Commitments2,753,2958,929,161-2,769,312-7,724,042-6,318,118669,3671,384,065-2,287,000-18,217,000-6,235,000-19,279,000-21,513,0001,760,000101,367,000
other long term liabilities00000000000000
share issue-10,687,31315,123,99467,966,371-20,152,892-7,487,96776,027,1356,799,984-298,0009,078,000-9,549,000-23,695,00013,862,0009,479,00085,343,000
interest-5,973,155-559,554-762,537-3,578,638-3,641,516-2,765,099-3,217,793-2,520,000-1,227,000-3,675,000-5,336,000-4,937,000-11,376,000-12,031,000
cash flow from financing-31,608,31438,447,41790,618,633-31,352,862-15,593,07578,898,33418,484,838-12,388,0006,005,000-19,425,000-48,310,000-12,588,000-1,102,000175,644,000
cash and cash equivalents
cash1,031,7785,007,5303,044,047257,118-1,443,099-5,762,768-454,959-22,604,00011,318,000-3,784,00018,909,000-14,313,000-1,531,00026,702,000
overdraft00000-528,117528,1170000000
change in cash1,031,7785,007,5303,044,047257,118-1,443,099-5,234,651-983,076-22,604,00011,318,000-3,784,00018,909,000-14,313,000-1,531,00026,702,000

global marine holdings limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Global Marine Holdings Limited Competitor Analysis

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global marine holdings limited Ownership

GLOBAL MARINE HOLDINGS LIMITED group structure

Global Marine Holdings Limited has 1 subsidiary company.

Ultimate parent company

JFL-GMG HOLDINGS LIMITED

#0131696

2 parents

GLOBAL MARINE HOLDINGS LIMITED

04352407

1 subsidiary

GLOBAL MARINE HOLDINGS LIMITED Shareholders

trafalgar acquisition co limited 100%

global marine holdings limited directors

Global Marine Holdings Limited currently has 8 directors. The longest serving directors include Mr Dick Fagerstal (Sep 2014) and Mr Bruce Neilson-Watts (Mar 2020).

officercountryagestartendrole
Mr Dick FagerstalUnited Kingdom64 years Sep 2014- Director
Mr Bruce Neilson-WattsEngland54 years Mar 2020- Director
Mr David RattnerUnited States60 years Mar 2020- Director
Mr David RattnerUnited States60 years Mar 2020- Director
Mr William Hanenberg Jr.United States43 years Mar 2020- Director
Mr Mark GillespieUnited Kingdom53 years Sep 2021- Director
Mr Mark ShahaUnited Kingdom45 years Oct 2022- Director
Ms Leanne ThomsonUnited Kingdom55 years Dec 2022- Director

P&L

December 2022

turnover

170.8m

+13%

operating profit

-359k

-97%

gross margin

38.9%

+3.44%

turnover

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

Balance Sheet

December 2022

net assets

86.8m

-0.34%

total assets

257.9m

-0.2%

cash

16.4m

+0.07%

net assets

Total assets minus all liabilities

global marine holdings limited company details

company number

04352407

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2002

age

22

accounts

Group

ultimate parent company

JFL-GMG HOLDINGS LIMITED

previous names

bridgehouse marine limited (July 2016)

wharve limited (August 2004)

incorporated

UK

address

ocean house 1 winsford way, boreham interchange, chelmsford, essex, CM2 5PD

last accounts submitted

December 2022

global marine holdings 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 found 6 charges/mortgages relating to global marine holdings limited. Currently there are 4 open charges and 2 have been satisfied in the past.

charges

global marine holdings limited Companies House Filings - See Documents

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