Marine Specialised Technology Limited

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marine specialised technology limited Company Information

Live

MatureMidHigh

Company Number

04390226

Website

http://mstltd.com

Registered Address

mst group riverbank road, bromborough, wirral, CH62 3JQ

Industry

Building of ships and floating structures

Telephone

01517084112

Next Accounts Due

June 2025

Group Structure

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Directors

Philip Hilbert22 Years

Benjamin Kerfoot22 Years

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Shareholders

trustees of bwp kerfoot sett 35.8%

g.c. & v.f. hilbert 22.6%

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marine specialised technology limited Estimated Valuation

£17.7m

Pomanda estimates the enterprise value of MARINE SPECIALISED TECHNOLOGY LIMITED at £17.7m based on a Turnover of £19.4m and 0.91x industry multiple (adjusted for size and gross margin).

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Marine Specialised Technology Limited is a live company located in wirral, CH62 3JQ with a Companies House number of 04390226. It operates in the building of ships and floating structures sector, SIC Code 30110. Founded in March 2002, it's largest shareholder is trustees of bwp kerfoot sett with a 35.8% stake. Marine Specialised Technology Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.4m with high growth in recent years.

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Pomanda's financial health check has awarded Marine Specialised Technology Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

6 Regular

4 Weak

Size

annual sales of £19.4m, make it in line with the average company (£19.4m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (1.5%)

EXPORT

Marine Specialised Technology Limited's latest turnover from September 2023 is £19.4 million and the company has net assets of £8.1 million. According to their latest financial statements, Marine Specialised Technology Limited has 135 employees and maintains cash reserves of £170.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	19,392,310	14,794,944	12,353,512	12,083,614	14,023,764	14,591,384	11,351,533	13,514,625	13,538,799	6,981,869	14,444,739	10,379,172	5,151,897	4,948,828	4,043,147
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,443,802	11,025,515	9,702,783	8,792,181	9,665,318	9,882,503	6,851,117	8,680,792	9,251,914	5,091,499	11,540,920	7,673,499	2,319,807	2,135,168	2,815,482
Gross Profit	4,948,508	3,769,429	2,650,729	3,291,433	4,358,446	4,708,881	4,500,416	4,833,833	4,286,885	1,890,370	2,903,819	2,705,673	2,832,090	2,813,660	1,227,665
Admin Expenses	3,714,660	3,081,037	2,427,781	2,772,727	3,998,516	3,386,937	3,276,464	3,263,646	2,964,335	2,119,928	1,853,539	2,001,013	2,167,934	2,351,124	1,055,739
Operating Profit	1,233,848	688,392	222,948	518,706	359,930	1,321,944	1,223,952	1,570,187	1,322,550	-229,558	1,050,280	704,660	664,156	462,536	171,926
Interest Payable	186,687	106,216	63,308	19,685	6,179	21,178	18,573	21,391	52,397	54,719	208,165	223,863	205,469	151,531	61,360
Interest Receivable	3,796	44	63	107	0	0	0	0	0	128	424	53	0	101	11,865
Pre-Tax Profit	781,613	335,630	159,703	499,128	342,426	1,297,020	1,184,271	1,473,718	1,270,153	-284,149	842,539	480,850	458,687	311,106	122,431
Tax	-181,190	108,350	187,960	-74,884	33,258	-109,516	-142,941	-87,586	-259,138	11,947	-98,192	-35,023	-16,060	-6,157	2,223
Profit After Tax	600,423	443,980	347,663	424,244	375,684	1,187,504	1,041,330	1,386,132	1,011,015	-272,202	744,347	445,827	442,627	304,949	124,654
Dividends Paid	0	0	0	0	49,500	99,000	163,140	79,749	30,985	30,985	34,369	30,984	30,985	40,985	8,985
Retained Profit	600,423	443,980	347,663	424,244	321,264	948,381	737,259	1,092,215	758,675	-432,840	534,283	348,710	399,446	249,222	115,209
Employee Costs	5,125,038	4,212,575	3,234,700	3,742,728	4,391,143	4,283,732	3,782,205	3,971,212	3,518,024	2,510,323	2,412,912	2,068,856	1,692,266	1,475,041	943,575
Number Of Employees	135	119	100	118	148	148	110	130	126	90	92	81	70	62	34
EBITDA*	1,586,959	1,037,648	520,098	778,189	667,775	1,617,179	1,508,286	1,843,509	1,516,065	-68,902	1,211,036	870,294	811,035	570,075	330,111

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	5,634,026	5,805,426	4,925,701	2,079,453	1,561,240	1,664,259	1,362,605	1,320,590	1,118,369	871,826	491,942	574,396	585,759	516,701	576,869
Intangible Assets	0	0	0	58,300	116,600	174,900	233,200	296,083	356,883	417,683	445,313	472,943	380,324	401,942	126,542
Investments & Other	0	23,639	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	34,800	19,500	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	5,634,026	5,863,865	4,945,201	2,137,753	1,677,840	1,839,159	1,595,805	1,616,673	1,475,252	1,289,509	937,255	1,047,339	966,083	918,643	703,411
Stock & work in progress	8,871,438	6,904,254	5,983,286	3,675,640	3,234,764	2,739,281	2,662,916	1,371,718	1,652,483	1,122,060	1,027,728	3,580,277	3,483,823	2,167,813	951,713
Trade Debtors	5,340,975	2,537,768	4,020,669	1,420,376	1,337,224	1,691,840	2,431,605	1,665,502	2,601,640	1,243,549	2,352,190	1,663,056	1,313,294	1,294,340	1,110,660
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,202,936	1,888,914	1,079,741	1,606,388	433,625	339,373	420,413	239,209	246,268	266,484	280,381	228,043	339,497	76,804	262,813
Cash	170,357	545,727	314,568	2,094,547	1,188,947	2,731,494	968,173	939,862	466,321	119,302	384,898	473,668	384,456	49,244	186,166
misc current assets	0	0	0	0	0	0	0	0	0	0	0	57,002	0	0	0
total current assets	16,585,706	11,876,663	11,398,264	8,796,951	6,194,560	7,501,988	6,483,107	4,216,291	4,966,712	2,751,395	4,045,197	6,002,046	5,521,070	3,588,201	2,511,352
total assets	22,219,732	17,740,528	16,343,465	10,934,704	7,872,400	9,341,147	8,078,912	5,832,964	6,441,964	4,040,904	4,982,452	7,049,385	6,487,153	4,506,844	3,214,763
Bank overdraft	0	0	0	0	34,965	0	0	63,241	1,008,299	435,194	823	1,450,479	809,238	48,738	222,455
Bank loan	68,169	96,404	106,129	33,900	0	33,040	33,530	0	0	213,422	45,724	32,792	136,902	188,896	0
Trade Creditors	3,247,891	2,527,581	1,647,537	1,580,566	1,285,872	1,620,218	1,565,875	755,478	1,391,153	662,918	1,029,683	1,335,549	1,440,363	1,251,726	888,493
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	164,327	1,107,255	1,620,497	1,820,471	1,364,545	350,153
other short term finances	110,303	131,279	85,821	0	36,180	24,855	21,108	75,078	0	0	0	0	0	0	0
hp & lease commitments	13,297	0	46,324	8,677	8,677	8,678	1,995	11,968	12,329	4,332	19,238	39,084	32,265	15,234	18,647
other current liabilities	8,411,767	5,587,411	6,009,291	2,833,832	888,926	1,713,653	1,730,645	945,754	1,036,303	772,517	821,590	1,215,835	1,211,240	646,123	803,437
total current liabilities	11,851,427	8,342,675	7,895,102	4,456,975	2,254,620	3,400,444	3,353,153	1,851,519	3,448,084	2,252,710	3,024,313	5,694,236	5,450,479	3,515,262	2,283,185
loans	1,974,077	2,063,527	2,274,333	541,668	84,860	107,036	130,656	295,306	213,926	240,536	0	49,844	89,946	520,488	709,264
hp & lease commitments	62,336	0	0	46,324	55,001	63,677	0	1,995	13,963	361	4,693	16,706	58,723	14,414	29,649
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	209,899	128,794	142,274	254,708	214,162	326,477	276,498	304,878	343,358	0	30,822	16,814	19,683	0	0
total long term liabilities	2,246,312	2,192,321	2,416,607	842,700	354,023	497,190	407,154	602,179	571,247	240,897	35,515	83,364	168,352	534,902	738,913
total liabilities	14,097,739	10,534,996	10,311,709	5,299,675	2,608,643	3,897,634	3,760,307	2,453,698	4,019,331	2,493,607	3,059,828	5,777,600	5,618,831	4,050,164	3,022,098
net assets	8,121,993	7,205,532	6,031,756	5,635,029	5,263,757	4,627,213	3,644,171	2,781,723	1,975,118	1,266,997	1,699,836	1,165,553	816,843	417,397	168,025
total shareholders funds	8,121,993	7,205,532	6,031,756	5,635,029	5,263,757	4,627,213	3,644,171	2,781,723	1,975,118	1,266,997	1,699,836	1,165,553	816,843	417,397	168,025

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	1,233,848	688,392	222,948	518,706	359,930	1,321,944	1,223,952	1,570,187	1,322,550	-229,558	1,050,280	704,660	664,156	462,536	171,926
Depreciation	353,111	349,256	238,850	201,183	249,545	236,935	221,451	212,522	165,509	133,026	133,126	138,004	125,261	105,039	155,268
Amortisation	0	0	58,300	58,300	58,300	58,300	62,883	60,800	28,006	27,630	27,630	27,630	21,618	2,500	2,917
Tax	-181,190	108,350	187,960	-74,884	33,258	-109,516	-142,941	-87,586	-259,138	11,947	-98,192	-35,023	-16,060	-6,157	2,223
Stock	1,967,184	920,968	2,307,646	440,876	495,483	76,365	1,291,198	-280,765	530,423	94,332	-2,552,549	96,454	1,316,010	1,216,100	951,713
Debtors	3,082,429	-658,428	2,093,146	1,255,915	-260,364	-820,805	947,307	-943,197	1,337,875	-1,122,538	741,472	238,308	281,647	-2,329	1,373,473
Creditors	720,310	880,044	66,971	294,694	-334,346	54,343	810,397	-635,675	728,235	-366,765	-305,866	-104,814	188,637	363,233	888,493
Accruals and Deferred Income	2,824,356	-421,880	3,175,459	1,944,906	-824,727	-16,992	784,891	-90,549	263,786	-49,073	-394,245	4,595	565,117	-157,314	803,437
Deferred Taxes & Provisions	81,105	-13,480	-112,434	40,546	-112,315	49,979	-28,380	-38,480	343,358	-30,822	14,008	-2,869	19,683	0	0
Cash flow from operations	-18,073	1,328,142	-562,738	1,286,660	-805,474	2,339,433	693,748	2,215,181	724,008	524,591	2,237,818	397,421	-29,245	-443,934	-300,922
Investing Activities
capital expenditure	0	0	0	0	0	-367,036	-267,230	-413,977	-366,250	-511,745	-62,070	-247,530	-96,112	-49,370	-263,209
Change in Investments	-23,639	23,639	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	23,639	-23,639	0	0	0	-367,036	-267,230	-413,977	-366,250	-511,745	-62,070	-247,530	-96,112	-49,370	-263,209
Financing Activities
Bank loans	-28,235	-9,725	72,229	33,900	-33,040	-490	33,530	0	-213,422	167,698	12,932	-104,110	-51,994	188,896	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-164,327	-942,928	-513,242	-199,974	455,926	1,014,392	350,153
Other Short Term Loans	-20,976	45,458	85,821	-36,180	11,325	3,747	-53,970	75,078	0	0	0	0	0	0	0
Long term loans	-89,450	-210,806	1,732,665	456,808	-22,176	-23,620	-164,650	81,380	-26,610	240,536	-49,844	-40,102	-430,542	-188,776	709,264
Hire Purchase and Lease Commitments	75,633	-46,324	-8,677	-8,677	-8,677	70,360	-11,968	-12,329	21,599	-19,238	-31,859	-35,198	61,340	-18,648	48,296
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	316,038	729,796	49,064	-52,972	315,280	34,661	125,189	-285,610	-50,554	1	0	0	0	150	52,816
interest	-182,891	-106,172	-63,245	-19,578	-6,179	-21,178	-18,573	-21,391	-52,397	-54,591	-207,741	-223,810	-205,469	-151,430	-49,495
cash flow from financing	70,119	402,227	1,867,857	373,301	256,533	63,480	-90,442	-162,872	-485,711	-608,522	-789,754	-603,194	-170,739	844,584	1,111,034
cash and cash equivalents
cash	-375,370	231,159	-1,779,979	905,600	-1,542,547	1,763,321	28,311	473,541	347,019	-265,596	-88,770	89,212	335,212	-136,922	186,166
overdraft	0	0	0	-34,965	34,965	0	-63,241	-945,058	573,105	434,371	-1,449,656	641,241	760,500	-173,717	222,455
change in cash	-375,370	231,159	-1,779,979	940,565	-1,577,512	1,763,321	91,552	1,418,599	-226,086	-699,967	1,360,886	-552,029	-425,288	36,795	-36,289

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARINE SPECIALISED TECHNOLOGY LIMITED group structure

Marine Specialised Technology Limited has 3 subsidiary companies.

Ultimate parent company

MARINE SPECIALISED TECHNOLOGY LIMITED

04390226

3 subsidiaries

SPECIALISED INFLATABLE TECHNOLOGY LIMITED

06776129

MST SPECIAL PRODUCTS LIMITED

06817513

MST FLEET SERVICES LIMITED

06625559

MARINE SPECIALISED TECHNOLOGY LIMITED Shareholders

trustees of bwp kerfoot sett	35.84%
g.c. & v.f. hilbert	22.64%
benjamin william paul kerfoot	13.66%
philip andrew hine	11.99%
philip timothy leon hilbert	11.36%
andrew phillips	4.51%

Marine Specialised Technology Limited currently has 3 directors. The longest serving directors include Mr Philip Hilbert (Mar 2002) and Mr Benjamin Kerfoot (Jun 2002).

officer	country	age	start	end	role
Mr Philip Hilbert	United Kingdom	49 years	Mar 2002	-	Director
Mr Benjamin Kerfoot	United Kingdom	53 years	Jun 2002	-	Director
Mr Philip Hine		70 years	Oct 2002	-	Director

P&L

September 2023

turnover

19.4m

+31%

operating profit

1.2m

+79%

gross margin

25.6%

+0.16%

turnover

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

Balance Sheet

September 2023

net assets

8.1m

+0.13%

total assets

22.2m

+0.25%

cash

170.4k

-0.69%

net assets

Total assets minus all liabilities

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company number

04390226

Type

Private limited with Share Capital

industry

30110 - Building of ships and floating structures

incorporation date

March 2002

accounts

Group

ultimate parent company

None

previous names

marine speed technology limited (June 2002)

last accounts submitted

September 2023

address

mst group riverbank road, bromborough, wirral, CH62 3JQ

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 14 charges/mortgages relating to marine specialised technology limited. Currently there are 3 open charges and 11 have been satisfied in the past.

marine specialised technology limited Company Information

marine specialised technology limited Estimated Valuation

marine specialised technology limited Estimated Valuation

marine specialised technology limited Estimated Valuation

Marine Specialised Technology Limited Overview

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MARINE SPECIALISED TECHNOLOGY LIMITED financials

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Marine Specialised Technology Limited Competitor Analysis

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