menas marine services limited

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menas marine services limited Company Information

Share MENAS MARINE SERVICES LIMITED

Company Number

04505570

Shareholders

international foundation for aids to navigation

Group Structure

View All

Industry

Sea and coastal freight water transport

 

Registered Address

8/9 lovat lane, london, EC3R 8DW

menas marine services limited Estimated Valuation

£253.2k

Pomanda estimates the enterprise value of MENAS MARINE SERVICES LIMITED at £253.2k based on a Turnover of £315.4k and 0.8x industry multiple (adjusted for size and gross margin).

menas marine services limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of MENAS MARINE SERVICES LIMITED at £1.9m based on an EBITDA of £720.3k and a 2.58x industry multiple (adjusted for size and gross margin).

menas marine services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MENAS MARINE SERVICES LIMITED at £0 based on Net Assets of £-50.1m and 1.25x industry multiple (adjusted for liquidity).

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Menas Marine Services Limited Overview

Menas Marine Services Limited is a live company located in london, EC3R 8DW with a Companies House number of 04505570. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in August 2002, it's largest shareholder is international foundation for aids to navigation with a 100% stake. Menas Marine Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £315.4k with declining growth in recent years.

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Menas Marine Services Limited Health Check

Pomanda's financial health check has awarded Menas Marine Services Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating0.5out of 5
positive_score

0 Strong

positive_score

1 Regular

positive_score

9 Weak

size

Size

annual sales of £315.4k, make it smaller than the average company (£8.1m)

£315.4k - Menas Marine Services Limited

£8.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -59%, show it is growing at a slower rate (8.5%)

-59% - Menas Marine Services Limited

8.5% - Industry AVG

production

Production

with a gross margin of 34.4%, this company has a comparable cost of product (34.4%)

34.4% - Menas Marine Services Limited

34.4% - Industry AVG

profitability

Profitability

an operating margin of -1.4% make it less profitable than the average company (11.3%)

-1.4% - Menas Marine Services Limited

11.3% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (14)

1 - Menas Marine Services Limited

14 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Menas Marine Services Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £315.4k, this is less efficient (£565k)

£315.4k - Menas Marine Services Limited

£565k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is later than average (30 days)

58 days - Menas Marine Services Limited

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (27 days)

4 days - Menas Marine Services Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Menas Marine Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (13 weeks)

9 weeks - Menas Marine Services Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 550.4%, this is a higher level of debt than the average (57.9%)

550.4% - Menas Marine Services Limited

57.9% - Industry AVG

MENAS MARINE SERVICES LIMITED financials

EXPORTms excel logo

Menas Marine Services Limited's latest turnover from December 2023 is estimated at £315.4 thousand and the company has net assets of -£50.1 million. According to their latest financial statements, we estimate that Menas Marine Services Limited has 1 employee and maintains cash reserves of £11 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover315,3633,748,5337,111,9444,498,2925,031,91922,582,47012,721,6912,677,166657,3055,195,0516,648,9116,726,1216,722,3996,747,9253,671,366
Other Income Or Grants
Cost Of Sales206,8042,427,5145,058,1003,402,9413,787,66317,450,4619,945,7275,860,7649,380,1925,622,3164,133,1058,553,4304,206,3764,203,4204,868,959
Gross Profit108,5591,321,0192,053,8441,095,3511,244,2565,132,0092,775,964-3,183,598-8,722,887-427,2652,515,806-1,827,3092,516,0232,544,505-1,197,593
Admin Expenses113,0531,358,9944,997,4914,778,738835,3836,889,3954,704,713560,127608,717591,770681,094637,174939,6611,381,5761,330,051
Operating Profit-4,494-37,975-2,943,647-3,683,387408,873-1,757,386-1,928,749-3,743,725-9,331,604-1,019,0351,834,712-2,464,4831,576,3621,162,929-2,527,644
Interest Payable433,991403,141408,317315,703539,354504,373461,710477,303859,100
Interest Receivable291,39626,2722,6264271,9593,4261,44222249,013166,113135,241118,943309,450
Pre-Tax Profit286,902-11,703-2,941,021-3,682,960410,832-1,753,960-18,383,087-4,146,643-9,739,921-1,334,7381,344,371-2,800,3091,252,040804,569-3,077,294
Tax-71,726-78,058
Profit After Tax215,177-11,703-2,941,021-3,682,960332,774-1,753,960-18,383,087-4,146,643-9,739,921-1,334,7381,344,371-2,800,3091,252,040804,569-3,077,294
Dividends Paid
Retained Profit215,177-11,703-2,941,021-3,682,960332,774-1,753,960-18,383,087-4,146,643-9,739,921-1,334,7381,344,371-2,800,3091,252,040804,569-3,077,294
Employee Costs916,749790,330913,6423,993,184680,663829,965870,933802,047800,208
Number Of Employees1716141671421021418191818
EBITDA*720,328867,206-2,166,433-2,667,908408,873-1,669,139-538,850-2,441,302-8,114,474-253,7352,719,163-1,534,3822,502,9042,097,957-1,600,739

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets9,989,53210,075,84910,118,98910,309,09511,707,22912,279,51127,652,23229,690,76522,903,49318,390,58215,500,90616,363,58117,289,87318,144,751
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets9,989,53310,075,85010,118,99010,309,09611,707,22912,279,51127,652,23229,690,76622,903,49318,390,58215,500,90616,363,58117,289,87318,144,751
Stock & work in progress878,527968,283987,882970,4731,118,9081,142,0721,019,744966,863836,273690,015612,306590,027468,384433,593
Trade Debtors50,328228,240588,81239,41975,2312,955,4631,113,848729,902290,179569,308538,6011,288,02710561,628272,651
Group Debtors
Misc Debtors50,07798,53866,779153,99260,8951,088,48586,434235,695139,945157,139630,032782,421348,924265,850302,473
Cash11,029,15971,6491,429,628671,505183,238339,083574,530172,234750,5751,727,4012,186,3711,587,9286,467,2711,733,3641,374,002
misc current assets17,140,16217,749,56519,110,35518,969,678
total current assets11,129,5641,276,9553,053,5021,852,7981,289,8375,501,9392,916,8852,157,5752,147,5623,290,1214,045,01921,410,84425,155,79722,139,58121,352,397
total assets11,129,56411,266,48813,129,35211,971,78811,598,93317,209,16815,196,39629,809,80731,838,32826,193,61422,435,60136,911,75041,519,37839,429,45439,497,148
Bank overdraft
Bank loan
Trade Creditors 2,806124,076380,111118,028242,491790,630274,56933,7235,4961,353,95379,700220,048229,594270,028447,530
Group/Directors Accounts61,249,84961,372,73262,913,65858,964,45854,778,69759,987,23356,807,50451,926,62650,396,66433,004,17327,587,46024,428,97229,227,66827,775,15525,490,758
other short term finances
hp & lease commitments757,788725,867685,589659,518
other current liabilities107,947194,184244,838201,023487,573416,631341,633297,455279,043137,227351,483576,286765,031776,588
total current liabilities61,252,65561,604,75563,487,95259,327,32455,222,21161,265,43657,498,70452,301,98350,699,61534,637,16927,804,38725,758,29130,759,41529,495,80327,374,394
loans
hp & lease commitments18,384,70719,142,49619,868,36320,553,952
Accruals and Deferred Income
other liabilities
provisions3,572,792793,000
total long term liabilities21,957,49919,142,49619,868,36321,346,952
total liabilities61,252,65561,604,75563,487,95259,327,32455,222,21161,265,43657,498,70452,301,98350,699,61534,637,16927,804,38747,715,79049,901,91149,364,16648,721,346
net assets-50,123,091-50,338,267-50,358,600-47,355,536-43,623,278-44,056,268-42,302,308-22,492,176-18,861,287-8,443,555-5,368,786-10,804,040-8,382,533-9,934,712-9,224,198
total shareholders funds-50,123,091-50,338,267-50,358,600-47,355,536-43,623,278-44,056,268-42,302,308-22,492,176-18,861,287-8,443,555-5,368,786-10,804,040-8,382,533-9,934,712-9,224,198
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-4,494-37,975-2,943,647-3,683,387408,873-1,757,386-1,928,749-3,743,725-9,331,604-1,019,0351,834,712-2,464,4831,576,3621,162,929-2,527,644
Depreciation724,822905,181777,2141,015,47988,2461,389,8991,302,4231,217,130765,300884,451930,101926,542935,028926,905
Amortisation
Tax-71,726-78,058
Stock-878,527-89,756-19,59817,409-148,435-23,164122,32952,880130,590146,25877,70922,279121,64334,791433,593
Debtors-226,373-328,813462,18057,285-3,907,8222,843,667234,684535,474-296,324-442,186-901,8151,721,514-478,544252,354575,124
Creditors-121,270-256,035262,083-124,463-548,139516,061240,84628,227-1,348,4571,274,253-140,348-9,546-40,434-177,502447,530
Accruals and Deferred Income-107,947-86,237-50,65443,815-286,55070,94274,99844,17818,412141,816-214,256-224,803-188,745-11,557776,588
Deferred Taxes & Provisions-3,572,7923,572,792-793,000793,000
Cash flow from operations1,524,285943,503-2,397,586-2,823,2503,552,383-3,902,640-580,019-2,957,251-9,278,7851,458,262-384,12760,2682,630,626828,753-592,338
Investing Activities
capital expenditure9,264,710-818,864-734,074-825,3731,398,134484,03613,982,822736,110-8,004,402-5,278,211-3,774,127-67,426-250-80,150-19,071,656
Change in Investments
cash flow from investments9,264,710-818,864-734,074-825,3731,398,134484,03613,982,822736,110-8,004,402-5,278,211-3,774,127-67,426-250-80,150-19,071,656
Financing Activities
Bank loans
Group/Directors Accounts-122,883-1,540,9263,949,1994,185,761-5,208,5363,179,7294,880,8781,529,96217,392,4915,416,7133,158,488-4,798,6961,452,5132,284,39725,490,758
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-19,142,495-725,868-685,589-659,51821,213,470
other long term liabilities
share issue32,036-62,043-49,299100,216-1,427,045515,755-677,811-1,740,0314,090,883378,802300,139-1,515,083-6,146,904
interest291,39626,2722,6264271,9593,426-432,549-402,919-408,317-315,703-490,341-338,260-326,469-358,360-549,650
cash flow from financing168,513-1,482,6183,889,7824,136,889-5,106,3613,183,1553,021,2841,642,79816,306,3633,360,979-12,383,465-5,484,022740,594-248,56440,007,674
cash and cash equivalents
cash10,957,510-1,357,979758,123488,267-155,844-235,447402,297-578,341-976,826-458,970598,443-4,879,3434,733,907359,3621,374,002
overdraft
change in cash10,957,510-1,357,979758,123488,267-155,844-235,447402,297-578,341-976,826-458,970598,443-4,879,3434,733,907359,3621,374,002

menas marine services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Menas Marine Services Limited Competitor Analysis

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Perform a competitor analysis for menas marine services limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in EC3R area or any other competitors across 12 key performance metrics.

menas marine services limited Ownership

MENAS MARINE SERVICES LIMITED group structure

Menas Marine Services Limited has no subsidiary companies.

Ultimate parent company

1 parent

MENAS MARINE SERVICES LIMITED

04505570

MENAS MARINE SERVICES LIMITED Shareholders

international foundation for aids to navigation 100%

menas marine services limited directors

Menas Marine Services Limited currently has 2 directors. The longest serving directors include Mr Peter Stanley (Sep 2019) and Mr Roderick Mason (Nov 2023).

officercountryagestartendrole
Mr Peter StanleyEngland68 years Sep 2019- Director
Mr Roderick Mason60 years Nov 2023- Director

P&L

December 2023

turnover

315.4k

-92%

operating profit

-4.5k

0%

gross margin

34.5%

-2.32%

turnover

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

Balance Sheet

December 2023

net assets

-50.1m

0%

total assets

11.1m

-0.01%

cash

11m

+152.93%

net assets

Total assets minus all liabilities

menas marine services limited company details

company number

04505570

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

August 2002

age

23

incorporated

UK

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

AZETS AUDIT SERVICES

auditor

-

address

8/9 lovat lane, london, EC3R 8DW

Bank

-

Legal Advisor

-

menas marine services 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 4 charges/mortgages relating to menas marine services limited. Currently there are 1 open charges and 3 have been satisfied in the past.

menas marine services 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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menas marine services limited Companies House Filings - See Documents

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