isles of scilly shipping company limited
isles of scilly shipping company limited Company Information
Company Number
05012204
Next Accounts
Dec 2025
Shareholders
isles of scilly steamship co ltd
Group Structure
View All
Industry
Sea and coastal freight water transport
+1Registered Address
steamship house, quay street, penzance, cornwall, TR18 4BZ
isles of scilly shipping company limited Estimated Valuation
Pomanda estimates the enterprise value of ISLES OF SCILLY SHIPPING COMPANY LIMITED at £8.6m based on a Turnover of £10.5m and 0.82x industry multiple (adjusted for size and gross margin).
isles of scilly shipping company limited Estimated Valuation
Pomanda estimates the enterprise value of ISLES OF SCILLY SHIPPING COMPANY LIMITED at £9.1m based on an EBITDA of £3m and a 3x industry multiple (adjusted for size and gross margin).
isles of scilly shipping company limited Estimated Valuation
Pomanda estimates the enterprise value of ISLES OF SCILLY SHIPPING COMPANY LIMITED at £14.6m based on Net Assets of £10.7m and 1.37x industry multiple (adjusted for liquidity).
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Isles Of Scilly Shipping Company Limited Overview
Isles Of Scilly Shipping Company Limited is a live company located in penzance, TR18 4BZ with a Companies House number of 05012204. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in January 2004, it's largest shareholder is isles of scilly steamship co ltd with a 100% stake. Isles Of Scilly Shipping Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with rapid growth in recent years.
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Isles Of Scilly Shipping Company Limited Health Check
Pomanda's financial health check has awarded Isles Of Scilly Shipping Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £10.5m, make it larger than the average company (£6.1m)
£10.5m - Isles Of Scilly Shipping Company Limited
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (9.4%)
32% - Isles Of Scilly Shipping Company Limited
9.4% - Industry AVG
Production
with a gross margin of 21.3%, this company has a comparable cost of product (26.4%)
21.3% - Isles Of Scilly Shipping Company Limited
26.4% - Industry AVG
Profitability
an operating margin of 28.4% make it more profitable than the average company (10.8%)
28.4% - Isles Of Scilly Shipping Company Limited
10.8% - Industry AVG
Employees
with 59 employees, this is above the industry average (26)
59 - Isles Of Scilly Shipping Company Limited
26 - Industry AVG
Pay Structure
on an average salary of £50.7k, the company has an equivalent pay structure (£57.4k)
£50.7k - Isles Of Scilly Shipping Company Limited
£57.4k - Industry AVG
Efficiency
resulting in sales per employee of £177.8k, this is less efficient (£308.6k)
£177.8k - Isles Of Scilly Shipping Company Limited
£308.6k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (22 days)
10 days - Isles Of Scilly Shipping Company Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (22 days)
12 days - Isles Of Scilly Shipping Company Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (12 days)
1 days - Isles Of Scilly Shipping Company Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)
0 weeks - Isles Of Scilly Shipping Company Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.1%, this is a lower level of debt than the average (57.8%)
29.1% - Isles Of Scilly Shipping Company Limited
57.8% - Industry AVG
ISLES OF SCILLY SHIPPING COMPANY LIMITED financials
Isles Of Scilly Shipping Company Limited's latest turnover from March 2024 is £10.5 million and the company has net assets of £10.7 million. According to their latest financial statements, Isles Of Scilly Shipping Company Limited has 59 employees and maintains cash reserves of £2 thousand 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 | 10,490,674 | 8,938,753 | 8,064,567 | 4,587,187 | 7,808,122 | 8,011,637 | 7,592,186 | 7,437,988 | 7,359,223 | 7,213,668 | 5,683,744 | 5,564,987 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 8,257,695 | 7,513,644 | 7,210,918 | 6,041,637 | 7,328,811 | 7,495,023 | 7,005,859 | 6,167,594 | 6,410,134 | 6,390,589 | 5,734,873 | 4,721,775 | |||
| Gross Profit | 2,232,979 | 1,425,109 | 853,649 | -1,454,450 | 479,311 | 516,614 | 586,327 | 1,270,394 | 949,089 | 823,079 | -51,129 | 843,212 | |||
| Admin Expenses | |||||||||||||||
| Operating Profit | -51,129 | 843,212 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 2,232,979 | 1,425,343 | 1,312,583 | -16,178 | 479,311 | 516,614 | 586,327 | 1,287,887 | 1,332,005 | 823,079 | -51,129 | 843,212 | |||
| Tax | -208 | -208 | -208 | -428 | -208 | -208 | -208 | -219 | -219 | -219 | -219 | -263 | |||
| Profit After Tax | 2,232,771 | 1,425,135 | 1,312,375 | -16,606 | 479,103 | 516,406 | 586,119 | 1,287,668 | 1,331,786 | 822,860 | -51,348 | 842,949 | |||
| Dividends Paid | 400,000 | 400,000 | 600,000 | 300,000 | 50,000 | 600,000 | |||||||||
| Retained Profit | 2,232,771 | 1,425,135 | 1,312,375 | -16,606 | 479,103 | 516,406 | 186,119 | 887,668 | 731,786 | 522,860 | -101,348 | 242,949 | |||
| Employee Costs | 2,989,762 | 2,699,942 | 2,530,912 | 2,320,846 | 2,497,373 | 2,613,833 | 2,420,351 | 2,036,720 | 1,909,224 | 1,768,519 | 1,695,551 | 1,516,057 | |||
| Number Of Employees | 59 | 60 | 62 | 61 | 65 | 74 | 70 | 61 | 57 | 54 | 75 | 75 | |||
| EBITDA* | -31,684 | 879,542 |
* 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 | 153,860 | 137,746 | 126,247 | 135,598 | 148,286 | 92,527 | 91,627 | 57,917 | 45,554 | 37,276 | 31,050 | 35,424 | 47,324 | 82,037 | 90,310 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 153,860 | 137,746 | 126,247 | 135,598 | 148,286 | 92,527 | 91,627 | 57,917 | 45,554 | 37,276 | 31,050 | 35,424 | 47,324 | 82,037 | 90,310 |
| Stock & work in progress | 38,213 | 45,015 | 28,855 | 20,876 | 22,964 | 28,027 | 30,005 | 38,475 | 50,286 | 90,567 | 113,347 | 83,537 | 111,611 | 71,504 | 49,075 |
| Trade Debtors | 288,689 | 358,851 | 678,070 | 371,477 | 416,202 | 427,019 | 366,392 | 380,067 | 407,690 | 573,252 | 392,333 | 490,777 | 3,454,734 | 3,151,799 | 2,689,433 |
| Group Debtors | 14,411,290 | 11,720,669 | 9,433,214 | 7,961,821 | 7,269,127 | 7,258,686 | 6,367,698 | 6,146,060 | 4,990,330 | 3,840,354 | 3,138,448 | 2,888,535 | |||
| Misc Debtors | 182,691 | 186,584 | 147,622 | 157,105 | 139,561 | 160,082 | 305,632 | 93,477 | 51,956 | 61,494 | 81,708 | 149,805 | |||
| Cash | 1,952 | 2,160 | 2,302 | 1,545 | 1,495 | 757 | 2,184 | 1,754 | 1,147 | 1,244 | 1,442 | 282 | 4,671 | 3,443 | 1,167 |
| misc current assets | |||||||||||||||
| total current assets | 14,922,835 | 12,313,279 | 10,290,063 | 8,512,824 | 7,849,349 | 7,874,571 | 7,071,911 | 6,659,833 | 5,501,409 | 4,566,911 | 3,727,278 | 3,612,936 | 3,571,016 | 3,226,746 | 2,739,675 |
| total assets | 15,076,695 | 12,451,025 | 10,416,310 | 8,648,422 | 7,997,635 | 7,967,098 | 7,163,538 | 6,717,750 | 5,546,963 | 4,604,187 | 3,758,328 | 3,648,360 | 3,618,340 | 3,308,783 | 2,829,985 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 275,489 | 365,454 | 126,338 | 72,198 | 212,947 | 521,371 | 520,627 | 469,544 | 379,365 | 226,536 | 170,322 | 123,555 | 1,354,127 | 1,333,692 | 1,187,035 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,882,093 | 3,580,988 | 3,210,524 | 2,805,202 | 2,054,932 | 2,195,074 | 1,908,664 | 1,700,078 | 1,507,138 | 1,448,977 | 1,182,192 | 1,017,643 | |||
| total current liabilities | 4,157,582 | 3,946,442 | 3,336,862 | 2,877,400 | 2,267,879 | 2,716,445 | 2,429,291 | 2,169,622 | 1,886,503 | 1,675,513 | 1,352,514 | 1,141,198 | 1,354,127 | 1,333,692 | 1,187,035 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 235,682 | 53,923 | 53,923 | 57,872 | |||||||||||
| total long term liabilities | 235,682 | 53,923 | 53,923 | 57,872 | |||||||||||
| total liabilities | 4,393,264 | 4,000,365 | 3,390,785 | 2,935,272 | 2,267,879 | 2,716,445 | 2,429,291 | 2,169,622 | 1,886,503 | 1,675,513 | 1,352,514 | 1,141,198 | 1,354,127 | 1,333,692 | 1,187,035 |
| net assets | 10,683,431 | 8,450,660 | 7,025,525 | 5,713,150 | 5,729,756 | 5,250,653 | 4,734,247 | 4,548,128 | 3,660,460 | 2,928,674 | 2,405,814 | 2,507,162 | 2,264,213 | 1,975,091 | 1,642,950 |
| total shareholders funds | 10,683,431 | 8,450,660 | 7,025,525 | 5,713,150 | 5,729,756 | 5,250,653 | 4,734,247 | 4,548,128 | 3,660,460 | 2,928,674 | 2,405,814 | 2,507,162 | 2,264,213 | 1,975,091 | 1,642,950 |
| 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 | -51,129 | 843,212 | |||||||||||||
| Depreciation | 45,681 | 44,883 | 43,020 | 53,499 | 39,817 | 41,829 | 24,694 | 30,508 | 33,964 | 28,060 | 19,445 | 36,330 | 35,492 | 55,412 | 46,093 |
| Amortisation | |||||||||||||||
| Tax | -208 | -208 | -208 | -428 | -208 | -208 | -208 | -219 | -219 | -219 | -219 | -263 | |||
| Stock | -6,802 | 16,160 | 7,979 | -2,088 | -5,063 | -1,978 | -8,470 | -11,811 | -40,281 | -22,780 | 29,810 | -28,074 | 40,107 | 22,429 | 49,075 |
| Debtors | 2,616,566 | 2,007,198 | 1,768,503 | 665,513 | -20,897 | 806,065 | 420,118 | 1,169,628 | 974,876 | 862,611 | 83,372 | 74,383 | 302,935 | 462,366 | 2,689,433 |
| Creditors | -89,965 | 239,116 | 54,140 | -140,749 | -308,424 | 744 | 51,083 | 90,179 | 152,829 | 56,214 | 46,767 | -1,230,572 | 20,435 | 146,657 | 1,187,035 |
| Accruals and Deferred Income | 301,105 | 370,464 | 405,322 | 750,270 | -140,142 | 286,410 | 208,586 | 192,940 | 58,161 | 266,785 | 164,549 | 1,017,643 | |||
| Deferred Taxes & Provisions | 181,759 | -3,949 | 57,872 | ||||||||||||
| Cash flow from operations | 66,231 | 620,041 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -42,242 | 334,306 | |||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -42,242 | 334,306 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -208 | -142 | 757 | 50 | 738 | -1,427 | 430 | 607 | -97 | -198 | 1,160 | -4,389 | 1,228 | 2,276 | 1,167 |
| overdraft | |||||||||||||||
| change in cash | -208 | -142 | 757 | 50 | 738 | -1,427 | 430 | 607 | -97 | -198 | 1,160 | -4,389 | 1,228 | 2,276 | 1,167 |
isles of scilly shipping company limited Credit Report and Business Information
Isles Of Scilly Shipping Company Limited Competitor Analysis
Perform a competitor analysis for isles of scilly shipping company limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in TR18 area or any other competitors across 12 key performance metrics.
isles of scilly shipping company limited Ownership
ISLES OF SCILLY SHIPPING COMPANY LIMITED group structure
Isles Of Scilly Shipping Company Limited has no subsidiary companies.
Ultimate parent company
1 parent
ISLES OF SCILLY SHIPPING COMPANY LIMITED
05012204
isles of scilly shipping company limited directors
Isles Of Scilly Shipping Company Limited currently has 2 directors. The longest serving directors include Mr Stuart Reid (Oct 2017) and Mrs Judith Piper (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Reid | United Kingdom | 45 years | Oct 2017 | - | Director |
| Mrs Judith Piper | United Kingdom | 50 years | Sep 2022 | - | Director |
P&L
March 2024turnover
10.5m
+17%
operating profit
3m
0%
gross margin
21.3%
+33.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
10.7m
+0.26%
total assets
15.1m
+0.21%
cash
2k
-0.1%
net assets
Total assets minus all liabilities
isles of scilly shipping company limited company details
company number
05012204
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
50100 - Sea and coastal passenger water transport
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PKF FRANCIS CLARK
address
steamship house, quay street, penzance, cornwall, TR18 4BZ
Bank
-
Legal Advisor
-
isles of scilly shipping company 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 isles of scilly shipping company limited. Currently there are 6 open charges and 0 have been satisfied in the past.
isles of scilly shipping company 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.
Click to start generating capital raising & share issue transactions for ISLES OF SCILLY SHIPPING COMPANY LIMITED. This can take several minutes, an email will notify you when this has completed.
isles of scilly shipping company limited Companies House Filings - See Documents
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