Pomanda estimates the enterprise value of OCEAN SHIPBROKERS LIMITED at £1.6m based on a Turnover of £2.5m and 0.63x industry multiple (adjusted for size and gross margin).
ocean shipbrokers limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of OCEAN SHIPBROKERS LIMITED at £0 based on an EBITDA of £-578.2k and a 3.37x industry multiple (adjusted for size and gross margin).
ocean shipbrokers limitedEstimated Valuation
£2.6m
Pomanda estimates the enterprise value of OCEAN SHIPBROKERS LIMITED at £2.6m based on Net Assets of £1.1m and 2.41x industry multiple (adjusted for liquidity).
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Ocean Shipbrokers LimitedOverview
Ocean Shipbrokers Limited is a live company located in london, WC2B 5AH with a Companies House number of 05763629. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2006, it's largest shareholder is
fearnleys shipbrokers uk ltd
with a 100% stake. Ocean Shipbrokers Limited is a established,
small sized company, Pomanda has estimated its turnover at
£2.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Ocean Shipbrokers Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
2 Regular
5 Weak
Size
annual sales of £2.5m, make it larger than the average company (£903.5k)
£2.5m - Ocean Shipbrokers Limited
£903.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (5.9%)
-16% - Ocean Shipbrokers Limited
5.9% - Industry AVG
Production
with a gross margin of 20.5%, this company has a higher cost of product (41.7%)
20.5% - Ocean Shipbrokers Limited
41.7% - Industry AVG
Profitability
an operating margin of -23.3% make it less profitable than the average company (6.7%)
-23.3% - Ocean Shipbrokers Limited
6.7% - Industry AVG
Employees
with 27 employees, this is above the industry average (14)
27 - Ocean Shipbrokers Limited
14 - Industry AVG
Pay Structure
on an average salary of £30.6k, the company has an equivalent pay structure (£30.6k)
£30.6k - Ocean Shipbrokers Limited
£30.6k - Industry AVG
Efficiency
resulting in sales per employee of £92.6k, this is equally as efficient (£88.4k)
£92.6k - Ocean Shipbrokers Limited
£88.4k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (30 days)
132 days - Ocean Shipbrokers Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 61 days, this is slower than average (39 days)
61 days - Ocean Shipbrokers Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocean Shipbrokers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 198 weeks, this is more cash available to meet short term requirements (45 weeks)
198 weeks - Ocean Shipbrokers Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.9%, this is a higher level of debt than the average (45.2%)
55.9% - Ocean Shipbrokers Limited
45.2% - Industry AVG
OCEAN SHIPBROKERS LIMITED financials
EXPORT
Ocean Shipbrokers Limited's latest turnover from June 2023 is estimated at £2.5 million and the company has net assets of £1.1 million. According to their latest financial statements, Ocean Shipbrokers Limited has 27 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
2,501,348
2,166,774
2,854,887
4,283,406
3,168,139
2,041,676
1,897,549
1,584,307
3,562,011
5,582,753
6,114,454
6,544,016
6,604,949
7,573,331
Other Income Or Grants
Cost Of Sales
1,989,544
1,750,780
2,347,695
3,455,165
2,557,626
1,642,008
1,509,305
1,246,481
2,791,777
4,428,193
4,746,342
5,113,156
5,127,440
5,783,794
Gross Profit
511,803
415,994
507,192
828,241
610,513
399,667
388,244
337,826
770,234
1,154,561
1,368,112
1,430,860
1,477,509
1,789,537
Admin Expenses
1,093,578
707,069
1,701,848
291,574
-613,085
424,247
4,191
444,177
997,261
1,449,836
1,780,340
1,064,658
680,280
-153,731
Operating Profit
-581,775
-291,075
-1,194,656
536,667
1,223,598
-24,580
384,053
-106,351
-227,027
-295,275
-412,228
366,202
797,229
1,943,268
Interest Payable
Interest Receivable
49,010
8,034
1,447
1,768
5,540
1,743
1,993
4,390
2,634
2,550
3,521
3,056
2,920
1,886
Pre-Tax Profit
-532,765
-283,041
-1,193,209
538,435
1,229,138
-22,837
386,047
-101,961
-224,393
-292,725
-408,707
369,258
800,149
1,945,154
Tax
-102,303
-233,536
-73,349
-88,622
-208,039
-544,643
Profit After Tax
-532,765
-283,041
-1,193,209
436,132
995,602
-22,837
312,698
-101,961
-224,393
-292,725
-408,707
280,636
592,110
1,400,511
Dividends Paid
Retained Profit
-532,765
-283,041
-1,193,209
436,132
995,602
-22,837
312,698
-101,961
-224,393
-292,725
-408,707
280,636
592,110
1,400,511
Employee Costs
826,828
874,235
838,501
802,836
735,595
699,731
802,389
743,922
553,367
843,480
968,447
1,059,167
1,050,599
1,282,531
Number Of Employees
27
30
30
30
27
27
32
28
21
32
37
41
41
52
EBITDA*
-578,243
-287,545
-1,167,593
554,276
1,233,981
-12,088
394,820
-100,316
-183,819
-245,639
-347,362
430,835
854,037
1,954,732
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
5,644
9,176
12,705
28,229
7,275
10,102
17,273
23,422
2,610
43,590
97,143
155,511
219,247
52,457
Intangible Assets
Investments & Other
168,178
197,090
278,078
265,279
264,026
496,210
473,972
275,790
446,613
445,007
472,532
193,021
147,108
97,364
Debtors (Due After 1 year)
Total Fixed Assets
173,822
206,266
290,783
293,508
271,301
506,312
491,245
299,212
449,223
488,597
569,675
348,532
366,355
149,821
Stock & work in progress
Trade Debtors
905,246
826,590
1,174,144
1,663,440
1,277,233
732,676
691,634
501,435
828,979
1,366,480
1,458,729
1,658,424
1,767,965
1,782,735
Group Debtors
Misc Debtors
54,049
116,356
150,042
118,166
203,218
496,070
352,186
416,378
Cash
1,285,703
674,693
610,820
2,283,133
1,252,167
225,178
472,153
1,122,608
633,490
420,228
599,737
808,685
413,657
754,311
misc current assets
133,161
total current assets
2,244,998
1,617,639
1,935,006
4,064,739
2,732,618
1,453,924
1,515,973
2,040,421
1,595,630
1,786,708
2,058,466
2,467,109
2,181,622
2,537,046
total assets
2,418,820
1,823,905
2,225,789
4,358,247
3,003,919
1,960,236
2,007,218
2,339,633
2,044,853
2,275,305
2,628,141
2,815,641
2,547,977
2,686,867
Bank overdraft
Bank loan
Trade Creditors
337,651
149,040
253,627
426,396
139,394
130,529
25,726
115,958
517,263
629,796
684,751
455,636
462,158
1,208,861
Group/Directors Accounts
100
100
100
100
other short term finances
hp & lease commitments
other current liabilities
205,429
179,666
311,928
868,420
total current liabilities
337,651
149,040
253,627
426,396
344,923
310,295
337,754
984,478
517,263
629,796
684,751
455,636
462,158
1,208,861
loans
hp & lease commitments
Accruals and Deferred Income
1,013,278
74,365
88,621
851,247
15,108
70,474
other liabilities
provisions
1,156
3,854
3,270
4,925
1,611
5,156
13,064
19,514
3,811
total long term liabilities
1,014,434
74,365
88,621
855,101
18,378
4,925
1,611
70,474
5,156
13,064
19,514
3,811
total liabilities
1,352,085
223,405
342,248
1,281,497
363,301
315,220
339,365
984,478
587,737
629,796
689,907
468,700
481,672
1,212,672
net assets
1,066,735
1,600,500
1,883,541
3,076,750
2,640,618
1,645,016
1,667,853
1,355,155
1,457,116
1,645,509
1,938,234
2,346,941
2,066,305
1,474,195
total shareholders funds
1,066,735
1,600,500
1,883,541
3,076,750
2,640,618
1,645,016
1,667,853
1,355,155
1,457,116
1,645,509
1,938,234
2,346,941
2,066,305
1,474,195
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
-581,775
-291,075
-1,194,656
536,667
1,223,598
-24,580
384,053
-106,351
-227,027
-295,275
-412,228
366,202
797,229
1,943,268
Depreciation
3,532
3,530
27,063
17,609
10,383
12,492
10,767
6,035
43,208
49,636
64,866
64,633
56,808
11,464
Amortisation
Tax
-102,303
-233,536
-73,349
-88,622
-208,039
-544,643
Stock
Debtors
16,349
-381,240
-457,420
301,155
251,705
184,926
126,007
88,834
-537,501
-92,249
-199,695
-109,541
-14,770
1,782,735
Creditors
188,611
-104,587
-172,769
287,002
8,865
104,803
-90,232
-401,305
-112,533
-54,955
229,115
-6,522
-746,703
1,208,861
Accruals and Deferred Income
938,913
-14,256
-762,626
630,710
40,871
-132,262
-556,492
797,946
70,474
Deferred Taxes & Provisions
1,156
-3,854
584
-1,655
3,314
1,611
-5,156
-7,908
-6,450
15,703
3,811
Cash flow from operations
534,088
-25,148
-1,649,422
1,069,114
796,821
-221,159
-449,649
207,491
311,623
-213,501
73,540
438,782
-70,232
840,026
Investing Activities
capital expenditure
-1
-11,539
-38,563
-7,556
-5,321
-4,618
-26,847
-2,228
3,917
-6,498
-897
-223,598
-63,921
Change in Investments
-28,912
-80,988
12,799
1,253
-232,184
22,238
198,182
-170,823
1,606
-27,525
279,511
45,913
49,744
97,364
cash flow from investments
28,912
80,987
-24,338
-39,816
224,628
-27,559
-202,800
143,976
-3,834
31,442
-286,009
-46,810
-273,342
-161,285
Financing Activities
Bank loans
Group/Directors Accounts
-100
100
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-1,000
36,000
73,684
interest
49,010
8,034
1,447
1,768
5,540
1,743
1,993
4,390
2,634
2,550
3,521
3,056
2,920
1,886
cash flow from financing
48,010
8,034
1,447
1,668
5,540
1,743
1,993
4,490
38,634
2,550
3,521
3,056
2,920
75,570
cash and cash equivalents
cash
611,010
63,873
-1,672,313
1,030,966
1,026,989
-246,975
-650,455
489,118
213,262
-179,509
-208,948
395,028
-340,654
754,311
overdraft
change in cash
611,010
63,873
-1,672,313
1,030,966
1,026,989
-246,975
-650,455
489,118
213,262
-179,509
-208,948
395,028
-340,654
754,311
ocean shipbrokers limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ocean shipbrokers limited. Get real-time insights into ocean shipbrokers limited's credit score, group structure and payment trends.
Perform a competitor analysis for ocean shipbrokers limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in WC2B area or any other competitors across 12 key performance metrics.
ocean shipbrokers limited Ownership
OCEAN SHIPBROKERS LIMITED group structure
Ocean Shipbrokers Limited has 1 subsidiary company.
The sole shareholder of Ocean Shipbrokers Limited is Fearnleys Shipbrokers Uk Ltd.
fearnleys shipbrokers uk ltd
100%
ocean shipbrokers limited directors
Ocean Shipbrokers Limited currently has 2 directors.
The longest serving directors include
Mr Gunnar Thorvildsen (Nov 2023) and
Mr Halvor Ellefsen (Nov 2023).
16 great queen street, covent garden, london, WC2B 5AH
Bank
-
Legal Advisor
-
ocean shipbrokers 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 2 charges/mortgages relating to ocean shipbrokers limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ocean shipbrokers 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 OCEAN SHIPBROKERS LIMITED. This can take several minutes, an email will notify you when this has completed.
ocean shipbrokers limitedCompanies House Filings - See Documents
