fb tankship iv limited
fb tankship iv limited Company Information
Company Number
05216677
Next Accounts
91 days late
Industry
Sea and coastal freight water transport
Shareholders
vroon shipping uk ltd
Group Structure
View All
Contact
Registered Address
tobias house, st mark's court, teesdale business park, teesside, TS17 6QW
Website
-fb tankship iv limited Estimated Valuation
Pomanda estimates the enterprise value of FB TANKSHIP IV LIMITED at £3m based on a Turnover of £4.6m and 0.64x industry multiple (adjusted for size and gross margin).
fb tankship iv limited Estimated Valuation
Pomanda estimates the enterprise value of FB TANKSHIP IV LIMITED at £5.1m based on an EBITDA of £2.5m and a 2.04x industry multiple (adjusted for size and gross margin).
fb tankship iv limited Estimated Valuation
Pomanda estimates the enterprise value of FB TANKSHIP IV LIMITED at £7.1m based on Net Assets of £5.2m and 1.37x industry multiple (adjusted for liquidity).
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Fb Tankship Iv Limited Overview
Fb Tankship Iv Limited is a live company located in teesside, TS17 6QW with a Companies House number of 05216677. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in August 2004, it's largest shareholder is vroon shipping uk ltd with a 100% stake. Fb Tankship Iv Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with rapid growth in recent years.
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Fb Tankship Iv Limited Health Check
Pomanda's financial health check has awarded Fb Tankship Iv Limited 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
5 Strong
1 Regular
3 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£7.8m)
£4.6m - Fb Tankship Iv Limited
£7.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 177%, show it is growing at a faster rate (6.2%)
- Fb Tankship Iv Limited
6.2% - Industry AVG
Production
with a gross margin of 19.5%, this company has a higher cost of product (34.9%)
19.5% - Fb Tankship Iv Limited
34.9% - Industry AVG
Profitability
an operating margin of 21.1% make it more profitable than the average company (9.4%)
21.1% - Fb Tankship Iv Limited
9.4% - Industry AVG
Employees
with 8 employees, this is below the industry average (14)
- Fb Tankship Iv Limited
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Fb Tankship Iv Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £576k, this is equally as efficient (£576.8k)
- Fb Tankship Iv Limited
£576.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Fb Tankship Iv Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Fb Tankship Iv Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (18 days)
5 days - Fb Tankship Iv Limited
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is more cash available to meet short term requirements (12 weeks)
22 weeks - Fb Tankship Iv Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.2%, this is a lower level of debt than the average (62.4%)
54.2% - Fb Tankship Iv Limited
62.4% - Industry AVG
FB TANKSHIP IV LIMITED financials
Fb Tankship Iv Limited's latest turnover from December 2022 is £4.6 million and the company has net assets of £5.2 million. According to their latest financial statements, we estimate that Fb Tankship Iv Limited has 8 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 4,608,353 | 4,661,072 | 3,838,461 | 3,328,073 | 3,032,762 | 3,317,064 | 2,777,881 | 3,172,370 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 3,708,432 | 3,486,120 | 3,052,905 | 2,517,919 | 2,229,516 | 2,298,001 | 2,977,893 | 2,276,299 | ||||||
| Gross Profit | 899,921 | 1,174,952 | 785,556 | 810,153 | 803,246 | 1,019,062 | -200,012 | 896,071 | ||||||
| Admin Expenses | -70,134 | 6,456 | 25,193 | 3,945 | 0 | 337,709 | 20,435 | 27,250 | ||||||
| Operating Profit | 970,055 | 1,168,496 | 760,363 | 806,208 | 803,246 | 681,353 | -220,447 | 868,821 | ||||||
| Interest Payable | 434,988 | 278,405 | 379,418 | 353,784 | 374,172 | 309,346 | 541,829 | 586,819 | ||||||
| Interest Receivable | 5,516 | 1,613 | 15,268 | 15,782 | 20,886 | 900,995 | 68,734 | 1,267 | ||||||
| Pre-Tax Profit | 540,583 | 891,704 | 396,213 | 468,205 | 436,236 | 2,256,447 | -693,541 | 283,270 | ||||||
| Tax | -3,152 | -3,228 | -4,580 | -3,946 | -4,774 | -4,617 | -4,954 | -5,070 | ||||||
| Profit After Tax | 537,431 | 888,476 | 391,633 | 464,260 | 431,461 | 2,251,830 | -698,495 | 278,200 | ||||||
| Dividends Paid | 0 | 0 | 0 | 328,796 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | 537,431 | 888,476 | 391,633 | 135,464 | 431,461 | 2,251,830 | -698,495 | 278,200 | ||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 185,044 | ||
| Number Of Employees | 2 | |||||||||||||
| EBITDA* | 2,494,878 | 2,408,005 | 1,592,488 | 1,501,940 | 1,434,624 | 1,404,921 | 460,710 | 1,566,540 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 5,620,961 | 6,822,143 | 6,675,749 | 8,187,004 | 10,755,200 | 12,706,400 | 14,089,510 | 15,848,822 | 13,459,806 | 12,233,182 | 11,733,007 | 13,665,985 | 14,251,656 | 15,282,002 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,620,961 | 6,822,143 | 6,675,749 | 8,187,005 | 10,755,200 | 12,706,400 | 14,089,511 | 15,848,823 | 13,459,806 | 12,233,182 | 11,733,007 | 13,665,985 | 14,251,656 | 15,282,003 |
| Stock & work in progress | 58,314 | 43,577 | 36,085 | 27,413 | 32,800 | 22,400 | 27,684 | 0 | 0 | 29,592 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 397,030 | 444,068 | 5,186 | 476,000 | 467,200 | 0 | 171,159 | 0 | 282,765 | 256,609 | 0 | 0 | 0 |
| Group Debtors | 3,367,218 | 3,930,761 | 3,784,520 | 2,761,354 | 2,438,400 | 624,000 | 560,596 | 23,234 | 2,066,569 | 1,908,331 | 2,042,131 | 1,978,101 | 0 | 32,319 |
| Misc Debtors | 6,304 | 0 | 0 | 3,704 | 52,800 | 59,200 | 23,069 | 0 | 9,924 | 0 | 0 | 119,385 | 168,431 | 182,509 |
| Cash | 2,248,227 | 845,707 | 5,155 | 420,093 | 506,400 | 1,965,600 | 9,997 | 598,668 | 371,021 | 29,592 | 18,500 | 468,307 | 4,335 | 335,868 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,680,063 | 5,217,076 | 4,269,828 | 3,217,752 | 3,506,400 | 3,138,400 | 621,347 | 793,061 | 2,447,515 | 2,250,279 | 2,317,241 | 2,565,794 | 172,766 | 550,697 |
| total assets | 11,301,024 | 12,039,219 | 10,945,578 | 11,404,757 | 14,261,600 | 15,844,800 | 14,710,858 | 16,641,884 | 15,907,321 | 14,483,462 | 14,050,248 | 16,231,779 | 14,424,423 | 15,832,700 |
| Bank overdraft | 3,265,563 | 4,070,368 | 4,250,681 | 1,856,709 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 |
| Bank loan | 0 | 0 | 0 | 0 | 1,993,600 | 9,335,200 | 8,973,392 | 1,941,604 | 1,073,364 | 945,617 | 858,148 | 948,486 | 6,082,729 | 759,188 |
| Trade Creditors | 0 | 0 | 736 | 0 | 1,600 | 0 | 0 | 2,323 | 2,290 | 658 | 0 | 660 | 0 | 0 |
| Group/Directors Accounts | 940,898 | 1,420,271 | 1,602,474 | 111,136 | 152,000 | 182,400 | 792,064 | 1,497,831 | 1,923,048 | 1,670,941 | 1,716,298 | 2,447,068 | 2,774,166 | 2,028,517 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 48,899 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165,335 | 252,851 |
| other current liabilities | 1,011,820 | 670,593 | 458,796 | 5,927 | 476,800 | 473,600 | 6,151 | 381,040 | 487,060 | 342,605 | 323,446 | 98,278 | 176,481 | 501,267 |
| total current liabilities | 5,218,282 | 6,161,233 | 6,312,689 | 2,022,672 | 2,624,000 | 9,991,200 | 9,771,609 | 3,822,800 | 3,485,762 | 2,959,821 | 2,897,893 | 3,494,492 | 9,198,712 | 3,541,825 |
| loans | 909,377 | 1,130,568 | 1,111,274 | 3,085,870 | 6,447,200 | 1,355,200 | 1,221,162 | 9,895,446 | 8,008,244 | 8,027,881 | 8,102,882 | 9,843,677 | 0 | 6,224,968 |
| hp & lease commitments | 0 | 0 | 0 | 1,143,957 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,794,662 | 3,841,571 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 828,534 | 892,902 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 909,377 | 1,130,568 | 1,111,275 | 4,229,829 | 6,447,200 | 1,355,200 | 1,221,163 | 9,895,446 | 8,008,245 | 8,027,882 | 8,102,882 | 9,843,678 | 4,623,196 | 10,959,442 |
| total liabilities | 6,127,660 | 7,291,801 | 7,423,963 | 6,252,501 | 9,071,200 | 11,346,400 | 10,992,771 | 13,718,247 | 11,494,007 | 10,987,703 | 11,000,776 | 13,338,170 | 13,821,908 | 14,501,267 |
| net assets | 5,173,365 | 4,747,418 | 3,521,614 | 5,152,256 | 5,190,400 | 4,498,400 | 3,718,087 | 2,923,637 | 4,413,314 | 3,495,759 | 3,049,472 | 2,893,609 | 602,514 | 1,331,432 |
| total shareholders funds | 5,173,365 | 4,747,418 | 3,521,614 | 5,152,256 | 5,190,400 | 4,498,400 | 3,718,087 | 2,923,637 | 4,413,314 | 3,495,759 | 3,049,472 | 2,893,609 | 602,514 | 1,331,432 |
| 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 | 970,055 | 1,168,496 | 760,363 | 806,208 | 803,246 | 681,353 | -220,447 | 868,821 | ||||||
| Depreciation | 1,524,823 | 1,239,509 | 1,679,063 | 1,853,004 | 1,951,200 | 1,951,200 | 1,850,969 | 850,372 | 832,125 | 695,732 | 631,378 | 723,567 | 681,157 | 697,719 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -3,152 | -3,228 | -4,580 | -3,946 | -4,774 | -4,617 | -4,954 | -5,070 | ||||||
| Stock | 14,737 | 7,491 | 8,672 | -5,387 | 10,400 | -5,284 | 27,684 | 0 | -29,592 | 29,592 | 0 | 0 | 0 | 0 |
| Debtors | -954,270 | 99,204 | 1,458,343 | -196,955 | 1,816,800 | 566,734 | 389,274 | -1,882,102 | -114,602 | -107,644 | 201,254 | 1,929,055 | -46,397 | 214,828 |
| Creditors | 0 | -736 | 736 | -1,600 | 1,600 | 0 | -2,323 | 33 | 1,633 | 658 | -660 | 660 | 0 | 0 |
| Accruals and Deferred Income | 341,227 | 211,797 | 452,869 | -470,873 | 3,200 | 467,449 | -374,889 | -106,020 | 144,455 | 19,159 | 225,168 | -906,737 | -389,154 | 1,394,169 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,772,486 | 2,509,143 | 1,878,190 | 1,595,863 | 1,453,104 | -1,434,829 | 112,999 | 2,740,811 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -1,993,600 | -7,341,600 | 361,808 | 7,031,788 | 868,240 | 127,747 | 87,469 | -90,338 | -5,134,243 | 5,323,541 | 759,188 |
| Group/Directors Accounts | -479,373 | -182,203 | 1,491,339 | -40,864 | -30,400 | -609,664 | -705,767 | -425,216 | 252,107 | -45,357 | -730,770 | -327,097 | 745,648 | 2,028,517 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -221,191 | 19,294 | -1,974,596 | -3,361,330 | 5,092,000 | 134,038 | -8,674,284 | 1,887,202 | -19,637 | -75,001 | -1,740,795 | 9,843,677 | -6,224,968 | 6,224,968 |
| Hire Purchase and Lease Commitments | 0 | 0 | -1,192,856 | 1,192,856 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,959,997 | -134,425 | 4,094,422 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -429,472 | -276,792 | -364,150 | -338,002 | -353,286 | 591,649 | -473,095 | -585,552 | ||||||
| cash flow from financing | -1,241,520 | -102,374 | 521,989 | -60,068 | -3,190,787 | 1,053,254 | -793,722 | 13,574,775 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 1,402,520 | 840,552 | -414,938 | -86,307 | -1,459,200 | 1,955,603 | -588,671 | 227,647 | 341,429 | 11,092 | -449,807 | 463,972 | -331,534 | 335,868 |
| overdraft | -804,805 | -180,313 | 2,393,972 | 1,856,709 | 0 | -1 | 0 | 1 | 0 | -1 | 1 | -1 | 0 | 1 |
| change in cash | 2,207,325 | 1,020,865 | -2,808,910 | -1,943,016 | -1,459,200 | 1,955,604 | -588,671 | 227,646 | 341,429 | 11,093 | -449,808 | 463,973 | -331,534 | 335,867 |
fb tankship iv limited Credit Report and Business Information
Fb Tankship Iv Limited Competitor Analysis
Perform a competitor analysis for fb tankship iv limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in TS17 area or any other competitors across 12 key performance metrics.
fb tankship iv limited Ownership
FB TANKSHIP IV LIMITED group structure
Fb Tankship Iv Limited has no subsidiary companies.
Ultimate parent company
VROON GROUP BV
#0057312
2 parents
FB TANKSHIP IV LIMITED
05216677
fb tankship iv limited directors
Fb Tankship Iv Limited currently has 2 directors. The longest serving directors include Mr Graeme Sheach (Apr 2011) and Mr Stuart Thom (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Sheach | United Kingdom | 58 years | Apr 2011 | - | Director |
| Mr Stuart Thom | Scotland | 62 years | May 2021 | - | Director |
P&L
December 2022turnover
4.6m
-1%
operating profit
970.1k
-17%
gross margin
19.6%
-22.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.2m
+0.09%
total assets
11.3m
-0.06%
cash
2.2m
+1.66%
net assets
Total assets minus all liabilities
Similar Companies
fb tankship iv limited company details
company number
05216677
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
August 2004
age
20
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
tobias house, st mark's court, teesdale business park, teesside, TS17 6QW
Bank
ABN AMRO BANK
Legal Advisor
ENDEAVOUR PARTNERSHIP LLP
fb tankship iv 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 15 charges/mortgages relating to fb tankship iv limited. Currently there are 9 open charges and 6 have been satisfied in the past.
fb tankship iv 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 FB TANKSHIP IV LIMITED. This can take several minutes, an email will notify you when this has completed.
fb tankship iv limited Companies House Filings - See Documents
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