west marine services limited Company Information
Company Number
05597002
Registered Address
units 1 & 2, sussex court, thirsk industrial estate, thirsk, yorkshire, YO7 3TA
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
-
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
twisted marine limited 100%
west marine services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST MARINE SERVICES LIMITED at £235.6k based on a Turnover of £404k and 0.58x industry multiple (adjusted for size and gross margin).
west marine services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST MARINE SERVICES LIMITED at £160.3k based on an EBITDA of £32.6k and a 4.92x industry multiple (adjusted for size and gross margin).
west marine services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST MARINE SERVICES LIMITED at £399.2k based on Net Assets of £136k and 2.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
West Marine Services Limited Overview
West Marine Services Limited is a live company located in thirsk, YO7 3TA with a Companies House number of 05597002. It operates in the other engineering activities sector, SIC Code 71129. Founded in October 2005, it's largest shareholder is twisted marine limited with a 100% stake. West Marine Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £404k with declining growth in recent years.
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West Marine Services Limited Health Check
Pomanda's financial health check has awarded West Marine Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £404k, make it smaller than the average company (£2.9m)
- West Marine Services Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.6%)
- West Marine Services Limited
6.6% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
- West Marine Services Limited
33.7% - Industry AVG
Profitability
an operating margin of 7.8% make it more profitable than the average company (5.8%)
- West Marine Services Limited
5.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (25)
6 - West Marine Services Limited
25 - Industry AVG
Pay Structure
on an average salary of £51.2k, the company has an equivalent pay structure (£51.2k)
- West Marine Services Limited
£51.2k - Industry AVG
Efficiency
resulting in sales per employee of £67.3k, this is less efficient (£118.1k)
- West Marine Services Limited
£118.1k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is earlier than average (70 days)
- West Marine Services Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (29 days)
- West Marine Services Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 96 days, this is more than average (40 days)
- West Marine Services Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (17 weeks)
4 weeks - West Marine Services Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.5%, this is a lower level of debt than the average (58.6%)
51.5% - West Marine Services Limited
58.6% - Industry AVG
WEST MARINE SERVICES LIMITED financials
West Marine Services Limited's latest turnover from October 2023 is estimated at £404 thousand and the company has net assets of £136 thousand. According to their latest financial statements, West Marine Services Limited has 6 employees and maintains cash reserves of £10.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 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 | 6 | 7 | 7 | 7 | 6 | 8 | |||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 4,005 | 1,373 | 1,829 | 918 | 1,224 | 1,641 | 2,189 | 2,918 | 5,095 | 3,429 | 14,414 | 18,892 | 19,372 | 9,541 | 3,689 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 2,012 | 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 | 0 |
Total Fixed Assets | 4,005 | 1,373 | 1,829 | 2,930 | 1,224 | 1,641 | 2,189 | 2,918 | 5,095 | 3,429 | 14,414 | 18,892 | 19,372 | 9,541 | 3,689 |
Stock & work in progress | 70,987 | 24,750 | 27,500 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 31,000 | 42,000 | 59,500 | 65,288 | 45,785 | 42,000 | 3,000 |
Trade Debtors | 52,677 | 22,101 | 140,995 | 41,424 | 64,999 | 77,858 | 36,792 | 83,186 | 71,758 | 59,332 | 31,965 | 24,011 | 31,070 | 22,552 | 11,351 |
Group Debtors | 136,500 | 136,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 6,273 | 6,148 | 0 | 29,863 | 29,340 | 25,292 | 24,413 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 10,314 | 17,664 | 127,033 | 139,633 | 121,282 | 86,937 | 116,825 | 57,470 | 41,095 | 48,197 | 58,542 | 36,102 | 55,322 | 54,295 | 15,955 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 276,751 | 207,163 | 295,528 | 235,920 | 240,621 | 215,087 | 203,030 | 165,656 | 143,853 | 149,529 | 150,007 | 125,401 | 132,177 | 118,847 | 30,306 |
total assets | 280,756 | 208,536 | 297,357 | 238,850 | 241,845 | 216,728 | 205,219 | 168,574 | 148,948 | 152,958 | 164,421 | 144,293 | 151,549 | 128,388 | 33,995 |
Bank overdraft | 12,316 | 7,148 | 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 | 0 |
Trade Creditors | 33,710 | 28,424 | 30,190 | 37,281 | 19,617 | 44,841 | 33,785 | 130,517 | 119,465 | 125,495 | 132,983 | 116,236 | 130,488 | 122,071 | 33,965 |
Group/Directors Accounts | 57,814 | 0 | 0 | 11,523 | 57,510 | 61,034 | 61,189 | 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 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 26,325 | 29,487 | 114,279 | 48,189 | 63,658 | 36,932 | 41,549 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 130,165 | 65,059 | 144,469 | 96,993 | 140,785 | 142,807 | 136,523 | 130,517 | 119,465 | 125,495 | 132,983 | 116,236 | 130,488 | 122,071 | 33,965 |
loans | 13,547 | 29,079 | 45,327 | 50,000 | 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 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 1,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 14,548 | 29,079 | 45,327 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 144,713 | 94,138 | 189,796 | 146,993 | 140,785 | 142,807 | 136,523 | 130,517 | 119,465 | 125,495 | 132,983 | 116,236 | 130,488 | 122,071 | 33,965 |
net assets | 136,043 | 114,398 | 107,561 | 91,857 | 101,060 | 73,921 | 68,696 | 38,057 | 29,483 | 27,463 | 31,438 | 28,057 | 21,061 | 6,317 | 30 |
total shareholders funds | 136,043 | 114,398 | 107,561 | 91,857 | 101,060 | 73,921 | 68,696 | 38,057 | 29,483 | 27,463 | 31,438 | 28,057 | 21,061 | 6,317 | 30 |
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 1,021 | 456 | 791 | 306 | 417 | 548 | 730 | 2,177 | 2,501 | 3,377 | 6,027 | 6,507 | 6,092 | 2,570 | 1,230 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 46,237 | -2,750 | 2,500 | 0 | 0 | 0 | 0 | -6,000 | -11,000 | -17,500 | -5,788 | 19,503 | 3,785 | 39,000 | 3,000 |
Debtors | 30,701 | 23,754 | 69,708 | -23,052 | -8,811 | 41,945 | -21,981 | 11,428 | 12,426 | 27,367 | 7,954 | -7,059 | 8,518 | 11,201 | 11,351 |
Creditors | 5,286 | -1,766 | -7,091 | 17,664 | -25,224 | 11,056 | -96,732 | 11,052 | -6,030 | -7,488 | 16,747 | -14,252 | 8,417 | 88,106 | 33,965 |
Accruals and Deferred Income | -3,162 | -84,792 | 66,090 | -15,469 | 26,726 | -4,617 | 41,549 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 1,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | -2,012 | 2,012 | 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 | 0 |
Group/Directors Accounts | 57,814 | 0 | -11,523 | -45,987 | -3,524 | -155 | 61,189 | 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 | 0 |
Long term loans | -15,532 | -16,248 | -4,673 | 50,000 | 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 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -7,350 | -109,369 | -12,600 | 18,351 | 34,345 | -29,888 | 59,355 | 16,375 | -7,102 | -10,345 | 22,440 | -19,220 | 1,027 | 38,340 | 15,955 |
overdraft | 5,168 | 7,148 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -12,518 | -116,517 | -12,600 | 18,351 | 34,345 | -29,888 | 59,355 | 16,375 | -7,102 | -10,345 | 22,440 | -19,220 | 1,027 | 38,340 | 15,955 |
west marine services limited Credit Report and Business Information
West Marine Services Limited Competitor Analysis
Perform a competitor analysis for west marine services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in YO7 area or any other competitors across 12 key performance metrics.
west marine services limited Ownership
WEST MARINE SERVICES LIMITED group structure
West Marine Services Limited has no subsidiary companies.
west marine services limited directors
West Marine Services Limited currently has 2 directors. The longest serving directors include Mr Charles Fawcett (Jul 2022) and Mr Jake Cronk (Jul 2022).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Charles Fawcett | United Kingdom | 46 years | Jul 2022 | - | Director |
Mr Jake Cronk | England | 33 years | Jul 2022 | - | Director |
P&L
October 2023turnover
404k
+18%
operating profit
31.6k
0%
gross margin
33.8%
+6.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
136k
+0.19%
total assets
280.8k
+0.35%
cash
10.3k
-0.42%
net assets
Total assets minus all liabilities
west marine services limited company details
company number
05597002
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
October 2005
age
19
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
units 1 & 2, sussex court, thirsk industrial estate, thirsk, yorkshire, YO7 3TA
Bank
-
Legal Advisor
-
west marine services 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 did not find charges/mortgages relating to west marine services limited.
west marine services limited Companies House Filings - See Documents
date | description | view/download |
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