Shipvet Services Ltd

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shipvet services ltd Company Information

Company Number

05169625

Next Accounts

Dec 2025

Directors

Fintan Cullen

James Stairmand

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Shareholders

fintan cullen

hilary cullen

Group Structure

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Industry

Repair and maintenance of ships and boats

Registered Address

16 nettlefold place, sunbury-on-thames, TW16 6BD

Website

www.shipvet.co.uk

shipvet services ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of SHIPVET SERVICES LTD at £1.5m based on Net Assets of £648k and 2.38x industry multiple (adjusted for liquidity).

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Shipvet Services Ltd is a live company located in sunbury-on-thames, TW16 6BD with a Companies House number of 05169625. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in July 2004, it's largest shareholder is fintan cullen with a 51% stake. Shipvet Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Shipvet Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£7m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (7.9%)

EXPORT

Shipvet Services Ltd's latest turnover from March 2024 is estimated at £1.6 million and the company has net assets of £648 thousand. According to their latest financial statements, Shipvet Services Ltd has 5 employees and maintains cash reserves of £372.4 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	1,643,199	1,255,525	802,045	1,122,868	1,033,515	857,985	669,511	713,845	619,987	839,587	859,519	1,009,974	715,569	1,022,538	1,086,219
Other Income Or Grants
Cost Of Sales	1,213,646	901,541	571,144	909,493	817,765	676,506	483,505	561,294	479,624	581,503	620,895	705,775	484,242	683,646	774,945
Gross Profit	429,554	353,985	230,900	213,375	215,750	181,479	186,007	152,551	140,364	258,084	238,624	304,199	231,327	338,892	311,274
Admin Expenses	134,628	240,198	117,729	274,865	114,731	113,722	233,834	190,267	149,408	253,789	201,786	284,157	290,319	320,721	-16,310
Operating Profit	294,926	113,787	113,171	-61,490	101,019	67,757	-47,827	-37,716	-9,044	4,295	36,838	20,042	-58,992	18,171	327,584
Interest Payable							83	80
Interest Receivable	15,841	10,967	1,649	130	80	500	505	311	597	538	385	210	269	258	70
Pre-Tax Profit	310,767	124,754	114,820	-61,360	101,099	68,257	-47,405	-37,485	-8,447	4,833	37,223	20,253	-58,723	18,429	327,654
Tax	-77,692	-23,703	-21,816		-19,209	-12,969				-1,015	-8,561	-4,861		-5,160	-91,743
Profit After Tax	233,075	101,051	93,004	-61,360	81,890	55,288	-47,405	-37,485	-8,447	3,818	28,662	15,392	-58,723	13,269	235,911
Dividends Paid
Retained Profit	233,075	101,051	93,004	-61,360	81,890	55,288	-47,405	-37,485	-8,447	3,818	28,662	15,392	-58,723	13,269	235,911
Employee Costs	220,898	205,482	207,414	190,675	197,036	157,458	114,453	114,681	194,147	231,581	237,595	318,057	215,864	303,529	304,607
Number Of Employees	5	5	5	5	5	4	3	3	5	6	6	7	6	9	9
EBITDA*	310,472	127,173	125,790	-49,998	112,778	69,846	-28,494	-12,325	16,857	30,736	63,247	47,740	-34,465	42,792	351,968

* 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	20,221	22,590	14,498	8,552	10,061	11,837	13,926	16,383	19,274	22,333	22,148	18,770	11,486	12,088	10,678
Intangible Assets		13,177	24,225	35,272	39,931			16,875	39,375	61,875	84,375	106,875	129,375	151,875	174,375
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	20,221	35,767	38,723	43,824	49,992	11,837	13,926	33,258	58,649	84,208	106,523	125,645	140,861	163,963	185,053
Stock & work in progress
Trade Debtors	301,714	346,927	171,330	176,900	235,580	142,065	142,203	131,563	140,125	144,121	132,638	144,445	116,736	157,915	145,090
Group Debtors
Misc Debtors	211,584	5,143	6,385	8,000		75,682	17,190	14,159	11,835
Cash	372,427	231,025	285,067	154,708	105,983	53,987	79,213	122,847	126,087	112,742	102,267	51,707	32,418	75,196	28,118
misc current assets
total current assets	885,725	583,095	462,782	339,608	341,563	271,734	238,606	268,569	278,047	256,863	234,905	196,152	149,154	233,111	173,208
total assets	905,946	618,862	501,505	383,432	391,555	283,571	252,532	301,827	336,696	341,071	341,428	321,797	290,015	397,074	358,261
Bank overdraft
Bank loan
Trade Creditors		12,714	11,158		109,285				9,600	102,642	106,817	115,848	99,458	147,794	122,250
Group/Directors Accounts								8,273	292
other short term finances								2,565
hp & lease commitments
other current liabilities	255,274	186,978	172,949	162,522		83,191	107,440	98,492	96,822
total current liabilities	255,274	199,692	184,107	162,522	109,285	83,191	107,440	109,330	106,714	102,642	106,817	115,848	99,458	147,794	122,250
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	2,632	4,205	3,484
total long term liabilities	2,632	4,205	3,484
total liabilities	257,906	203,897	187,591	162,522	109,285	83,191	107,440	109,330	106,714	102,642	106,817	115,848	99,458	147,794	122,250
net assets	648,040	414,965	313,914	220,910	282,270	200,380	145,092	192,497	229,982	238,429	234,611	205,949	190,557	249,280	236,011
total shareholders funds	648,040	414,965	313,914	220,910	282,270	200,380	145,092	192,497	229,982	238,429	234,611	205,949	190,557	249,280	236,011

	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	294,926	113,787	113,171	-61,490	101,019	67,757	-47,827	-37,716	-9,044	4,295	36,838	20,042	-58,992	18,171	327,584
Depreciation	2,369	2,338	1,572	1,509	1,776	2,089	2,458	2,891	3,401	3,941	3,909	5,198	2,027	2,121	1,884
Amortisation	13,177	11,048	11,047	9,983	9,983		16,875	22,500	22,500	22,500	22,500	22,500	22,500	22,500	22,500
Tax	-77,692	-23,703	-21,816		-19,209	-12,969				-1,015	-8,561	-4,861		-5,160	-91,743
Stock
Debtors	161,228	174,355	-7,185	-50,680	17,833	58,354	13,671	-6,238	7,839	11,483	-11,807	27,709	-41,179	12,825	145,090
Creditors	-12,714	1,556	11,158	-109,285	109,285			-9,600	-93,042	-4,175	-9,031	16,390	-48,336	25,544	122,250
Accruals and Deferred Income	68,296	14,029	10,427	162,522	-83,191	-24,249	8,948	1,670	96,822
Deferred Taxes & Provisions	-1,573	721	3,484
Cash flow from operations	125,561	-54,579	136,228	53,919	101,830	-25,726	-33,217	-14,017	12,798	14,063	57,462	31,560	-41,622	50,351	237,385
Investing Activities
capital expenditure		-10,430	-7,518	-5,324	-49,914		-1		-342	-4,126	-7,287	-12,482	-1,425	-3,531	-209,437
Change in Investments
cash flow from investments		-10,430	-7,518	-5,324	-49,914		-1		-342	-4,126	-7,287	-12,482	-1,425	-3,531	-209,437
Financing Activities
Bank loans
Group/Directors Accounts							-8,273	7,981	292
Other Short Term Loans							-2,565	2,565
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	15,841	10,967	1,649	130	80	500	422	231	597	538	385	210	269	258	70
cash flow from financing	15,841	10,967	1,649	130	80	500	-10,416	10,777	889	538	385	210	269	258	170
cash and cash equivalents
cash	141,402	-54,042	130,359	48,725	51,996	-25,226	-43,634	-3,240	13,345	10,475	50,560	19,289	-42,778	47,078	28,118
overdraft
change in cash	141,402	-54,042	130,359	48,725	51,996	-25,226	-43,634	-3,240	13,345	10,475	50,560	19,289	-42,778	47,078	28,118

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SHIPVET SERVICES LTD group structure

Shipvet Services Ltd has no subsidiary companies.

Ultimate parent company

SHIPVET SERVICES LTD

05169625

SHIPVET SERVICES LTD Shareholders

fintan cullen	51%
hilary cullen	49%

Shipvet Services Ltd currently has 3 directors. The longest serving directors include Mr Fintan Cullen (Jul 2004) and Mr James Stairmand (Oct 2024).

officer	country	age	start	end	role
Mr Fintan Cullen	England	63 years	Jul 2004	-	Director
Mr James Stairmand	England	38 years	Oct 2024	-	Director
Mr James Temple	England	35 years	Oct 2024	-	Director

P&L

March 2024

turnover

1.6m

+31%

operating profit

294.9k

gross margin

26.2%

-7.28%

turnover

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

Balance Sheet

March 2024

net assets

648k

+0.56%

total assets

905.9k

+0.46%

cash

372.4k

+0.61%

net assets

Total assets minus all liabilities

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company number

05169625

Type

Private limited with Share Capital

industry

33150 - Repair and maintenance of ships and boats

incorporation date

July 2004

ultimate parent company

None

previous names

N/A

address

16 nettlefold place, sunbury-on-thames, TW16 6BD

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 2 charges/mortgages relating to shipvet services ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

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shipvet services ltd Company Information

shipvet services ltd Estimated Valuation

shipvet services ltd Estimated Valuation

shipvet services ltd Estimated Valuation

Shipvet Services Ltd Overview

Shipvet Services Ltd Health Check

SHIPVET SERVICES LTD financials

shipvet services ltd Credit Report and Business Information

Shipvet Services Ltd Competitor Analysis

shipvet services ltd Ownership

shipvet services ltd directors

shipvet services ltd company details

shipvet services ltd Charges & Mortgages

shipvet services ltd Capital Raised & Share Issues BETA

shipvet services ltd Companies House Filings - See Documents