
Company Number
04505570
Next Accounts
Sep 2025
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
Website
http://ifan-maritime.orgPomanda 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).
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).
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 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.
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
0 Strong
1 Regular
9 Weak
Size
annual sales of £315.4k, make it smaller than the average company (£8.1m)
- Menas Marine Services Limited
£8.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -59%, show it is growing at a slower rate (8.5%)
- Menas Marine Services Limited
8.5% - Industry AVG
Production
with a gross margin of 34.4%, this company has a comparable cost of product (34.4%)
- Menas Marine Services Limited
34.4% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (11.3%)
- Menas Marine Services Limited
11.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Menas Marine Services Limited
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Menas Marine Services Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £315.4k, this is less efficient (£565k)
- Menas Marine Services Limited
£565k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (30 days)
- Menas Marine Services Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (27 days)
- Menas Marine Services Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Menas Marine Services Limited
- - Industry AVG
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
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'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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 2,677,166 | 657,305 | 5,195,051 | 6,648,911 | 6,726,121 | 6,722,399 | 6,747,925 | 3,671,366 | |||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | 5,860,764 | 9,380,192 | 5,622,316 | 4,133,105 | 8,553,430 | 4,206,376 | 4,203,420 | 4,868,959 | |||||||
Gross Profit | -3,183,598 | -8,722,887 | -427,265 | 2,515,806 | -1,827,309 | 2,516,023 | 2,544,505 | -1,197,593 | |||||||
Admin Expenses | 560,127 | 608,717 | 591,770 | 681,094 | 637,174 | 939,661 | 1,381,576 | 1,330,051 | |||||||
Operating Profit | -1,928,749 | -3,743,725 | -9,331,604 | -1,019,035 | 1,834,712 | -2,464,483 | 1,576,362 | 1,162,929 | -2,527,644 | ||||||
Interest Payable | 433,991 | 403,141 | 408,317 | 315,703 | 539,354 | 504,373 | 461,710 | 477,303 | 859,100 | ||||||
Interest Receivable | 1,442 | 222 | 49,013 | 166,113 | 135,241 | 118,943 | 309,450 | ||||||||
Pre-Tax Profit | -18,383,087 | -4,146,643 | -9,739,921 | -1,334,738 | 1,344,371 | -2,800,309 | 1,252,040 | 804,569 | -3,077,294 | ||||||
Tax | |||||||||||||||
Profit After Tax | -18,383,087 | -4,146,643 | -9,739,921 | -1,334,738 | 1,344,371 | -2,800,309 | 1,252,040 | 804,569 | -3,077,294 | ||||||
Dividends Paid | |||||||||||||||
Retained Profit | -18,383,087 | -4,146,643 | -9,739,921 | -1,334,738 | 1,344,371 | -2,800,309 | 1,252,040 | 804,569 | -3,077,294 | ||||||
Employee Costs | |||||||||||||||
Number Of Employees | |||||||||||||||
EBITDA* | -538,850 | -2,441,302 | -8,114,474 | -253,735 | 2,719,163 | -1,534,382 | 2,502,904 | 2,097,957 | -1,600,739 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 9,989,532 | 10,075,849 | 10,118,989 | 10,309,095 | 11,707,229 | 12,279,511 | 27,652,232 | 29,690,765 | 22,903,493 | 18,390,582 | 15,500,906 | 16,363,581 | 17,289,873 | 18,144,751 | |
Intangible Assets | |||||||||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 9,989,533 | 10,075,850 | 10,118,990 | 10,309,096 | 11,707,229 | 12,279,511 | 27,652,232 | 29,690,766 | 22,903,493 | 18,390,582 | 15,500,906 | 16,363,581 | 17,289,873 | 18,144,751 | |
Stock & work in progress | 878,527 | 968,283 | 987,882 | 970,473 | 1,118,908 | 1,142,072 | 1,019,744 | 966,863 | 836,273 | 690,015 | 612,306 | 590,027 | 468,384 | 433,593 | |
Trade Debtors | 50,328 | 228,240 | 588,812 | 39,419 | 75,231 | 2,955,463 | 1,113,848 | 729,902 | 290,179 | 569,308 | 538,601 | 1,288,027 | 10 | 561,628 | 272,651 |
Group Debtors | |||||||||||||||
Misc Debtors | 50,077 | 98,538 | 66,779 | 153,992 | 60,895 | 1,088,485 | 86,434 | 235,695 | 139,945 | 157,139 | 630,032 | 782,421 | 348,924 | 265,850 | 302,473 |
Cash | 11,029,159 | 71,649 | 1,429,628 | 671,505 | 183,238 | 339,083 | 574,530 | 172,234 | 750,575 | 1,727,401 | 2,186,371 | 1,587,928 | 6,467,271 | 1,733,364 | 1,374,002 |
misc current assets | 17,140,162 | 17,749,565 | 19,110,355 | 18,969,678 | |||||||||||
total current assets | 11,129,564 | 1,276,955 | 3,053,502 | 1,852,798 | 1,289,837 | 5,501,939 | 2,916,885 | 2,157,575 | 2,147,562 | 3,290,121 | 4,045,019 | 21,410,844 | 25,155,797 | 22,139,581 | 21,352,397 |
total assets | 11,129,564 | 11,266,488 | 13,129,352 | 11,971,788 | 11,598,933 | 17,209,168 | 15,196,396 | 29,809,807 | 31,838,328 | 26,193,614 | 22,435,601 | 36,911,750 | 41,519,378 | 39,429,454 | 39,497,148 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 2,806 | 124,076 | 380,111 | 118,028 | 242,491 | 790,630 | 274,569 | 33,723 | 5,496 | 1,353,953 | 79,700 | 220,048 | 229,594 | 270,028 | 447,530 |
Group/Directors Accounts | 61,249,849 | 61,372,732 | 62,913,658 | 58,964,458 | 54,778,697 | 59,987,233 | 56,807,504 | 51,926,626 | 50,396,664 | 33,004,173 | 27,587,460 | 24,428,972 | 29,227,668 | 27,775,155 | 25,490,758 |
other short term finances | |||||||||||||||
hp & lease commitments | 757,788 | 725,867 | 685,589 | 659,518 | |||||||||||
other current liabilities | 107,947 | 194,184 | 244,838 | 201,023 | 487,573 | 416,631 | 341,633 | 297,455 | 279,043 | 137,227 | 351,483 | 576,286 | 765,031 | 776,588 | |
total current liabilities | 61,252,655 | 61,604,755 | 63,487,952 | 59,327,324 | 55,222,211 | 61,265,436 | 57,498,704 | 52,301,983 | 50,699,615 | 34,637,169 | 27,804,387 | 25,758,291 | 30,759,415 | 29,495,803 | 27,374,394 |
loans | |||||||||||||||
hp & lease commitments | 18,384,707 | 19,142,496 | 19,868,363 | 20,553,952 | |||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | |||||||||||||||
provisions | 3,572,792 | 793,000 | |||||||||||||
total long term liabilities | 21,957,499 | 19,142,496 | 19,868,363 | 21,346,952 | |||||||||||
total liabilities | 61,252,655 | 61,604,755 | 63,487,952 | 59,327,324 | 55,222,211 | 61,265,436 | 57,498,704 | 52,301,983 | 50,699,615 | 34,637,169 | 27,804,387 | 47,715,790 | 49,901,911 | 49,364,166 | 48,721,346 |
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 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -1,928,749 | -3,743,725 | -9,331,604 | -1,019,035 | 1,834,712 | -2,464,483 | 1,576,362 | 1,162,929 | -2,527,644 | ||||||
Depreciation | 724,822 | 905,181 | 777,214 | 1,015,479 | 88,246 | 1,389,899 | 1,302,423 | 1,217,130 | 765,300 | 884,451 | 930,101 | 926,542 | 935,028 | 926,905 | |
Amortisation | |||||||||||||||
Tax | |||||||||||||||
Stock | -878,527 | -89,756 | -19,598 | 17,409 | -148,435 | -23,164 | 122,329 | 52,880 | 130,590 | 146,258 | 77,709 | 22,279 | 121,643 | 34,791 | 433,593 |
Debtors | -226,373 | -328,813 | 462,180 | 57,285 | -3,907,822 | 2,843,667 | 234,684 | 535,474 | -296,324 | -442,186 | -901,815 | 1,721,514 | -478,544 | 252,354 | 575,124 |
Creditors | -121,270 | -256,035 | 262,083 | -124,463 | -548,139 | 516,061 | 240,846 | 28,227 | -1,348,457 | 1,274,253 | -140,348 | -9,546 | -40,434 | -177,502 | 447,530 |
Accruals and Deferred Income | -107,947 | -86,237 | -50,654 | 43,815 | -286,550 | 70,942 | 74,998 | 44,178 | 18,412 | 141,816 | -214,256 | -224,803 | -188,745 | -11,557 | 776,588 |
Deferred Taxes & Provisions | -3,572,792 | 3,572,792 | -793,000 | 793,000 | |||||||||||
Cash flow from operations | -580,019 | -2,957,251 | -9,278,785 | 1,458,262 | -384,127 | 60,268 | 2,630,626 | 828,753 | -592,338 | ||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | -122,883 | -1,540,926 | 3,949,199 | 4,185,761 | -5,208,536 | 3,179,729 | 4,880,878 | 1,529,962 | 17,392,491 | 5,416,713 | 3,158,488 | -4,798,696 | 1,452,513 | 2,284,397 | 25,490,758 |
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | -19,142,495 | -725,868 | -685,589 | -659,518 | 21,213,470 | ||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | -432,549 | -402,919 | -408,317 | -315,703 | -490,341 | -338,260 | -326,469 | -358,360 | -549,650 | ||||||
cash flow from financing | 3,021,284 | 1,642,798 | 16,306,363 | 3,360,979 | -12,383,465 | -5,484,022 | 740,594 | -248,564 | 40,007,674 | ||||||
cash and cash equivalents | |||||||||||||||
cash | 10,957,510 | -1,357,979 | 758,123 | 488,267 | -155,844 | -235,447 | 402,297 | -578,341 | -976,826 | -458,970 | 598,443 | -4,879,343 | 4,733,907 | 359,362 | 1,374,002 |
overdraft | |||||||||||||||
change in cash | 10,957,510 | -1,357,979 | 758,123 | 488,267 | -155,844 | -235,447 | 402,297 | -578,341 | -976,826 | -458,970 | 598,443 | -4,879,343 | 4,733,907 | 359,362 | 1,374,002 |
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 group structure
Menas Marine Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
MENAS MARINE SERVICES LIMITED
04505570
Menas Marine Services Limited currently has 2 directors. The longest serving directors include Mr Peter Stanley (Sep 2019) and Mr Roderick Mason (Nov 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Peter Stanley | England | 68 years | Sep 2019 | - | Director |
Mr Roderick Mason | 60 years | Nov 2023 | - | Director |
P&L
December 2023turnover
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 2023net assets
-50.1m
0%
total assets
11.1m
-0.01%
cash
11m
+152.93%
net assets
Total assets minus all liabilities
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
ultimate parent company
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
-
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.
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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