storrar marine limited
storrar marine limited Company Information
Company Number
05282837
Website
www.storrarmarine.co.ukRegistered Address
c/o begbies traynor (central) ll, portland house, newcastle upon tyne, NE1 8AP
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Telephone
01912661037
Next Accounts Due
August 2024
Group Structure
View All
Directors
Andrew Burgess19 Years
Shareholders
andrew burgess 100%
storrar marine limited Estimated Valuation
Pomanda estimates the enterprise value of STORRAR MARINE LIMITED at £347.9k based on a Turnover of £999.5k and 0.35x industry multiple (adjusted for size and gross margin).
storrar marine limited Estimated Valuation
Pomanda estimates the enterprise value of STORRAR MARINE LIMITED at £77.5k based on an EBITDA of £25.5k and a 3.04x industry multiple (adjusted for size and gross margin).
storrar marine limited Estimated Valuation
Pomanda estimates the enterprise value of STORRAR MARINE LIMITED at £691.2k based on Net Assets of £226.5k and 3.05x industry multiple (adjusted for liquidity).
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Storrar Marine Limited Overview
Storrar Marine Limited is a live company located in newcastle upon tyne, NE1 8AP with a Companies House number of 05282837. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in November 2004, it's largest shareholder is andrew burgess with a 100% stake. Storrar Marine Limited is a mature, small sized company, Pomanda has estimated its turnover at £999.5k with low growth in recent years.
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Storrar Marine Limited Health Check
Pomanda's financial health check has awarded Storrar Marine Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £999.5k, make it smaller than the average company (£6.2m)
- Storrar Marine Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.8%)
- Storrar Marine Limited
3.8% - Industry AVG
Production
with a gross margin of 30.3%, this company has a higher cost of product (42.7%)
- Storrar Marine Limited
42.7% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (7.4%)
- Storrar Marine Limited
7.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (41)
5 - Storrar Marine Limited
41 - Industry AVG
Pay Structure
on an average salary of £23.8k, the company has an equivalent pay structure (£23.8k)
- Storrar Marine Limited
£23.8k - Industry AVG
Efficiency
resulting in sales per employee of £199.9k, this is more efficient (£110.4k)
- Storrar Marine Limited
£110.4k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (13 days)
- Storrar Marine Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (41 days)
- Storrar Marine Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Storrar Marine Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Storrar Marine Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.1%, this is a lower level of debt than the average (61.9%)
37.1% - Storrar Marine Limited
61.9% - Industry AVG
STORRAR MARINE LIMITED financials
Storrar Marine Limited's latest turnover from November 2022 is estimated at £999.5 thousand and the company has net assets of £226.5 thousand. According to their latest financial statements, Storrar Marine Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 5 | 5 | 5 | 5 | 5 | 6 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,457 | 5,431 | 6,875 | 8,549 | 10,617 | 12,086 | 15,118 | 23,987 | 29,656 | 40,263 | 48,448 | 38,640 | 36,141 | 37,674 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,920 | 20,715 | 32,510 | 44,305 | 56,100 | 67,895 |
| 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 | 4,457 | 5,431 | 6,875 | 8,549 | 10,617 | 12,086 | 15,118 | 23,987 | 38,576 | 60,978 | 80,958 | 82,945 | 92,241 | 105,569 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 274,635 | 256,298 | 264,272 | 193,338 | 145,000 | 134,300 |
| Trade Debtors | 355,856 | 337,463 | 314,330 | 309,370 | 300,836 | 298,980 | 292,314 | 278,220 | 6,310 | 13,326 | 23,250 | 25,436 | 32,168 | 23,197 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,160 | 8,790 | 4,367 | 2,287 | 4,603 | 1,467 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 355,856 | 337,463 | 314,330 | 309,370 | 300,836 | 298,980 | 292,314 | 278,220 | 286,105 | 278,414 | 291,889 | 221,061 | 181,771 | 158,964 |
| total assets | 360,313 | 342,894 | 321,205 | 317,919 | 311,453 | 311,066 | 307,432 | 302,207 | 324,681 | 339,392 | 372,847 | 304,006 | 274,012 | 264,533 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 133,769 | 136,980 | 176,445 | 225,167 | 245,513 | 269,323 | 287,322 | 298,158 | 309,469 | 328,296 | 357,051 | 269,112 | 207,080 | 192,315 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 133,769 | 136,980 | 176,445 | 225,167 | 245,513 | 269,323 | 287,322 | 298,158 | 309,469 | 328,296 | 357,051 | 269,112 | 207,080 | 192,315 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 112 | 743 | 2,032 | 2,698 | 2,161 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,886 | 7,120 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,829 | 6,686 | 7,776 | 5,233 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,829 | 6,798 | 10,405 | 14,385 | 2,698 | 2,161 |
| total liabilities | 133,769 | 136,980 | 176,445 | 225,167 | 245,513 | 269,323 | 287,322 | 298,158 | 314,298 | 335,094 | 367,456 | 283,497 | 209,778 | 194,476 |
| net assets | 226,544 | 205,914 | 144,760 | 92,752 | 65,940 | 41,743 | 20,110 | 4,049 | 10,383 | 4,298 | 5,391 | 20,509 | 64,234 | 70,057 |
| total shareholders funds | 226,544 | 205,914 | 144,760 | 92,752 | 65,940 | 41,743 | 20,110 | 4,049 | 10,383 | 4,298 | 5,391 | 20,509 | 64,234 | 70,057 |
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 12,157 | 14,903 | 14,315 | 14,040 | 12,226 | 11,033 | ||||||||
| Amortisation | 11,795 | 11,795 | 11,795 | 11,795 | 11,795 | 11,795 | ||||||||
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -274,635 | 18,337 | -7,974 | 70,934 | 48,338 | 10,700 | 134,300 |
| Debtors | 18,393 | 23,133 | 4,960 | 8,534 | 1,856 | 6,666 | 14,094 | 271,910 | -7,016 | -9,924 | -2,186 | -6,732 | 8,971 | 23,197 |
| Creditors | -3,211 | -39,465 | -48,722 | -20,346 | -23,810 | -17,999 | -10,836 | -11,311 | -18,827 | -28,755 | 87,939 | 62,032 | 14,765 | 192,315 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -112 | -631 | -1,289 | -666 | 537 | 2,161 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,829 | -1,857 | -1,090 | 2,543 | 5,233 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,886 | -5,234 | 7,120 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,160 | -3,630 | 4,423 | 2,080 | -2,316 | 3,136 | 1,467 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,160 | -3,630 | 4,423 | 2,080 | -2,316 | 3,136 | 1,467 |
storrar marine limited Credit Report and Business Information
Storrar Marine Limited Competitor Analysis
Perform a competitor analysis for storrar marine limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
storrar marine limited Ownership
STORRAR MARINE LIMITED group structure
Storrar Marine Limited has no subsidiary companies.
Ultimate parent company
STORRAR MARINE LIMITED
05282837
storrar marine limited directors
Storrar Marine Limited currently has 1 director, Mr Andrew Burgess serving since Nov 2004.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Burgess | 54 years | Nov 2004 | - | Director |
P&L
November 2022turnover
999.5k
+18%
operating profit
25.5k
0%
gross margin
30.3%
+13.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
226.5k
+0.1%
total assets
360.3k
+0.05%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
storrar marine limited company details
company number
05282837
Type
Private limited with Share Capital
industry
47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
incorporation date
November 2004
age
20
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o begbies traynor (central) ll, portland house, newcastle upon tyne, NE1 8AP
last accounts submitted
November 2022
storrar marine 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 1 charges/mortgages relating to storrar marine limited. Currently there are 1 open charges and 0 have been satisfied in the past.
storrar marine limited Companies House Filings - See Documents
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