midlife shipping limited
midlife shipping limited Company Information
Company Number
05665826
Next Accounts
119 days late
Industry
Sea and coastal freight water transport
Shareholders
imperial shipping ltd
Group Structure
View All
Contact
Registered Address
200 court road, eltham, london, SE9 4EW
Website
-midlife shipping limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLIFE SHIPPING LIMITED at £2.7m based on a Turnover of £4.8m and 0.55x industry multiple (adjusted for size and gross margin).
midlife shipping limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLIFE SHIPPING LIMITED at £8.1m based on an EBITDA of £4.5m and a 1.83x industry multiple (adjusted for size and gross margin).
midlife shipping limited Estimated Valuation
Pomanda estimates the enterprise value of MIDLIFE SHIPPING LIMITED at £0 based on Net Assets of £-82.2k and 1.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Midlife Shipping Limited Overview
Midlife Shipping Limited is a live company located in london, SE9 4EW with a Companies House number of 05665826. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in January 2006, it's largest shareholder is imperial shipping ltd with a 100% stake. Midlife Shipping Limited is a established, small sized company, Pomanda has estimated its turnover at £4.8m with high growth in recent years.
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Midlife Shipping Limited Health Check
Pomanda's financial health check has awarded Midlife Shipping Limited a 3.5 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
1 Regular
6 Weak
Size
annual sales of £4.8m, make it smaller than the average company (£7.8m)
- Midlife Shipping Limited
£7.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.1%)
- Midlife Shipping Limited
6.1% - Industry AVG
Production
with a gross margin of 13.4%, this company has a higher cost of product (34.9%)
- Midlife Shipping Limited
34.9% - Industry AVG
Profitability
an operating margin of 76.1% make it more profitable than the average company (9.4%)
- Midlife Shipping Limited
9.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Midlife Shipping Limited
14 - Industry AVG
Pay Structure
on an average salary of £62.6k, the company has an equivalent pay structure (£62.6k)
- Midlife Shipping Limited
£62.6k - Industry AVG
Efficiency
resulting in sales per employee of £2.4m, this is more efficient (£582.8k)
- Midlife Shipping Limited
£582.8k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (32 days)
- Midlife Shipping Limited
32 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (28 days)
- Midlife Shipping Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Midlife Shipping Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Midlife Shipping Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102%, this is a higher level of debt than the average (62.7%)
102% - Midlife Shipping Limited
62.7% - Industry AVG
MIDLIFE SHIPPING LIMITED financials
Midlife Shipping Limited's latest turnover from December 2022 is estimated at £4.8 million and the company has net assets of -£82.2 thousand. According to their latest financial statements, Midlife Shipping Limited has 2 employees and maintains cash reserves of £15.4 thousand 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 | 7,757,782 | 4,207,084 | 5,551,208 | 5,431,283 | 4,424,075 | 4,586,926 | 6,454,369 | 5,783,629 | 5,478,881 | 3,816,223 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 5,617,637 | 3,879,674 | 4,737,306 | 4,771,492 | 4,491,809 | 4,473,253 | 5,647,966 | 5,576,304 | 5,648,060 | 5,852,387 | ||||
| Gross Profit | 2,140,144 | 327,410 | 813,902 | 659,791 | -67,734 | 113,673 | 806,403 | 207,326 | -169,179 | -2,036,164 | ||||
| Admin Expenses | 645,390 | 728,087 | 806,281 | 836,979 | 739,380 | 581,730 | 600,385 | 652,679 | ||||||
| Operating Profit | 168,512 | -68,296 | -874,015 | -723,306 | 67,023 | -374,404 | -769,564 | -2,688,843 | ||||||
| Interest Payable | 0 | 0 | 23 | 6,003 | 64,738 | 150,785 | 210,243 | 237,990 | 255,753 | 40,640 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99 | 0 | 0 | ||||
| Pre-Tax Profit | 1,303,397 | -361,158 | 168,488 | -74,299 | -938,753 | -874,092 | -143,220 | -612,295 | -1,025,317 | -2,729,483 | ||||
| Tax | 0 | 0 | -2,441 | -2,475 | -2,133 | -2,642 | -3,048 | -2,569 | -2,435 | -4,800 | ||||
| Profit After Tax | 1,303,397 | -361,158 | 166,047 | -76,774 | -940,887 | -876,734 | -146,268 | -614,864 | -1,027,752 | -2,734,283 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 1,303,397 | -361,158 | 166,047 | -76,774 | -940,887 | -876,734 | -146,268 | -614,864 | -1,027,752 | -2,734,283 | ||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* | 785,823 | 693,699 | -102,501 | -16,751 | 669,737 | 115,043 | -306,252 | -2,063,000 |
* 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 | 2,220,542 | 2,281,858 | 2,817,837 | 2,771,455 | 3,588,446 | 4,205,758 | 4,752,276 | 5,427,705 | 5,930,505 | 5,306,542 | 5,484,249 | 5,682,862 | 0 | 2,482,508 |
| 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 | 2,220,543 | 2,281,858 | 2,817,837 | 2,771,456 | 3,588,447 | 4,205,758 | 4,752,277 | 5,427,706 | 5,930,506 | 5,306,543 | 5,484,249 | 5,682,863 | 0 | 2,482,509 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,811,824 | 285,121 | 23,892 | 895,621 | 182,588 | 197,259 | 11,801 | 262,428 | 639,344 | 601,122 | 0 | 571,174 | 191,829 | 39,504 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 275,109 | 201,848 | 249,893 | 0 | 0 | 1,301,000 |
| Misc Debtors | 135,308 | 150,761 | 176,135 | 364,309 | 263,713 | 161,768 | 24,948 | 27,884 | 102,705 | 33,554 | 255,951 | 0 | 0 | 330 |
| Cash | 15,423 | 2,536 | 6,104 | 161,178 | 49,210 | 2,633 | 1,282 | 1,436 | 749 | 872 | 1,183 | 28,385 | 636 | 194,294 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,962,556 | 438,418 | 206,132 | 1,421,108 | 495,511 | 361,661 | 38,031 | 291,748 | 1,017,907 | 837,398 | 507,028 | 599,559 | 192,465 | 1,535,128 |
| total assets | 4,183,099 | 2,720,277 | 3,023,969 | 4,192,564 | 4,083,957 | 4,567,420 | 4,790,308 | 5,719,454 | 6,948,413 | 6,143,940 | 5,991,277 | 6,282,421 | 192,465 | 4,017,637 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1,300,496 | 1 | 0 | 0 | 0 | 1 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 735,688 | 1,204,819 | 0 | 4,753,416 | 5,497,251 | 0 | 0 | 169,700 |
| Trade Creditors | 669,258 | 422,512 | 67,529 | 313,456 | 91,295 | 100,297 | 85,331 | 41,323 | 542,507 | 224,744 | 21,889 | 741,972 | 36,657 | 150,322 |
| Group/Directors Accounts | 3,411,855 | 5,224,434 | 6,901,504 | 7,504,072 | 7,790,303 | 8,106,450 | 7,598,591 | 5,250,074 | 3,729,820 | 2,174,586 | 1,217,325 | 0 | 0 | 72,072 |
| 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 | 184,158 | 139,924 | 42,926 | 23,903 | 43,240 | 367,600 | 130,381 | 185,774 | 167,710 | 532,087 | 131,033 | 0 | 0 | 14,642 |
| total current liabilities | 4,265,271 | 5,786,871 | 7,011,960 | 7,841,431 | 7,924,839 | 8,574,348 | 8,549,992 | 6,681,991 | 5,740,533 | 7,684,834 | 6,867,499 | 741,972 | 36,657 | 406,737 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,807,228 | 3,251,239 | 0 | 0 | 6,127 | 0 | 339,401 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,385,699 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,807,229 | 3,251,240 | 0 | 0 | 5,391,826 | 0 | 339,401 |
| total liabilities | 4,265,271 | 5,786,871 | 7,011,960 | 7,841,431 | 7,924,839 | 8,574,348 | 8,549,992 | 8,489,220 | 8,991,773 | 7,684,834 | 6,867,499 | 6,133,798 | 36,657 | 746,138 |
| net assets | -82,173 | -3,066,594 | -3,987,991 | -3,648,868 | -3,840,881 | -4,006,929 | -3,759,684 | -2,769,766 | -2,043,360 | -1,540,894 | -876,223 | 148,623 | 155,808 | 3,271,499 |
| total shareholders funds | -82,173 | -3,066,594 | -3,987,991 | -3,648,868 | -3,840,881 | -4,006,929 | -3,759,684 | -2,769,766 | -2,043,360 | -1,540,894 | -876,223 | 148,623 | 155,808 | 3,271,499 |
| 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 | 168,512 | -68,296 | -874,015 | -723,306 | 67,023 | -374,404 | -769,564 | -2,688,843 | ||||||
| Depreciation | 773,237 | 805,893 | 611,346 | 547,399 | 617,312 | 761,995 | 771,514 | 706,556 | 602,714 | 489,447 | 463,312 | 0 | 625,842 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | -2,441 | -2,475 | -2,133 | -2,642 | -3,048 | -2,569 | -2,435 | -4,800 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,511,250 | 235,855 | -1,059,902 | 813,629 | 87,272 | 322,279 | -253,563 | -726,846 | 180,633 | 330,680 | -65,328 | 379,344 | -1,149,005 | 1,340,834 |
| Creditors | 246,746 | 354,983 | -245,926 | 222,160 | -9,002 | 14,967 | 44,008 | -501,184 | 317,763 | 202,854 | -720,083 | 705,314 | -113,664 | 150,322 |
| Accruals and Deferred Income | 44,234 | 96,998 | 19,023 | -19,337 | -324,360 | 237,219 | -55,393 | 18,064 | -364,377 | 401,054 | 131,033 | 0 | -14,642 | 14,642 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 362,749 | 621,131 | 137,544 | 224,334 | 439,442 | 385,702 | -832,409 | -3,243,671 | ||||||
| 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 | -735,688 | -469,131 | 1,204,819 | -4,753,416 | -743,835 | 5,497,251 | 0 | -169,700 | 169,700 |
| Group/Directors Accounts | -1,812,579 | -1,677,070 | -602,568 | -286,231 | -316,148 | 507,859 | 2,348,518 | 1,520,253 | 1,555,234 | 957,261 | 1,217,325 | 0 | -72,072 | 72,072 |
| 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 | -1,807,228 | -1,444,011 | 3,251,239 | 0 | -6,127 | 6,127 | -339,401 | 339,401 |
| 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 | 0 | -5,385,699 | 5,385,699 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | -23 | -6,003 | -64,738 | -150,785 | -210,243 | -237,891 | -255,753 | -40,640 | ||||
| cash flow from financing | -2,059,070 | -580,533 | -316,171 | -404,302 | -41,610 | 1,280,604 | -513,384 | -74,272 | 1,069,903 | 6,546,315 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 12,888 | -3,568 | -155,074 | 111,968 | 46,577 | 1,351 | -154 | 687 | -124 | -310 | -27,202 | 27,749 | -193,658 | 194,294 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -1,300,496 | 1,300,495 | 1 | 0 | 0 | -1 | 1 |
| change in cash | 12,888 | -3,568 | -155,074 | 111,968 | 46,577 | 1,352 | -155 | 1,301,183 | -1,300,619 | -311 | -27,202 | 27,749 | -193,657 | 194,293 |
midlife shipping limited Credit Report and Business Information
Midlife Shipping Limited Competitor Analysis
Perform a competitor analysis for midlife shipping limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in SE9 area or any other competitors across 12 key performance metrics.
midlife shipping limited Ownership
MIDLIFE SHIPPING LIMITED group structure
Midlife Shipping Limited has no subsidiary companies.
Ultimate parent company
2 parents
MIDLIFE SHIPPING LIMITED
05665826
midlife shipping limited directors
Midlife Shipping Limited currently has 2 directors. The longest serving directors include Mr Mark Coleman (May 2019) and Mrs Karen Coleman (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Coleman | 71 years | May 2019 | - | Director | |
| Mrs Karen Coleman | 65 years | Oct 2019 | - | Director |
P&L
December 2022turnover
4.8m
-38%
operating profit
3.7m
0%
gross margin
13.5%
-51.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-82.2k
-0.97%
total assets
4.2m
+0.54%
cash
15.4k
+5.08%
net assets
Total assets minus all liabilities
midlife shipping limited company details
company number
05665826
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
January 2006
age
19
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
-
address
200 court road, eltham, london, SE9 4EW
Bank
-
Legal Advisor
-
midlife shipping 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 10 charges/mortgages relating to midlife shipping limited. Currently there are 1 open charges and 9 have been satisfied in the past.
midlife shipping 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.
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midlife shipping limited Companies House Filings - See Documents
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