Sea Sea Shipping Limited

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sea sea shipping limited Company Information

Dissolved

Company Number

06316215

Website

www.seaseashipping.com

Registered Address

4th floor clerks well house, 20 britton street, london, EC1M 5UA

Industry

Other business support service activities n.e.c.

Telephone

02037131921

Next Accounts Due

June 2024

Group Structure

View All

Directors

Tom Softeland16 Years

Shareholders

chemcorp ltd 100%

sea sea shipping limited Estimated Valuation

£560k

Pomanda estimates the enterprise value of SEA SEA SHIPPING LIMITED at £560k based on a Turnover of £1.4m and 0.4x industry multiple (adjusted for size and gross margin).

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Sea Sea Shipping Limited is a dissolved company that was located in london, EC1M 5UA with a Companies House number of 06316215. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2007, it's largest shareholder was chemcorp ltd with a 100% stake. The last turnover for Sea Sea Shipping Limited was estimated at £1.4m.

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Pomanda's financial health check has awarded Sea Sea Shipping Limited a 2.5 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

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (4.4%)

EXPORT

Sea Sea Shipping Limited's latest turnover from July 2018 is estimated at £1.4 million and the company has net assets of -£209.4 thousand. According to their latest financial statements, we estimate that Sea Sea Shipping Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	1,394,610	1,439,431	1,099,555	416,882	230,550	240,083	641,373	429,092	230,601	117,381
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,159,011	1,188,726	902,693	345,854	192,469	199,419	527,558	349,828	184,665	0
Gross Profit	235,599	250,705	196,862	71,028	38,082	40,664	113,815	79,264	45,936	0
Admin Expenses	249,336	361,844	348,619	-18,009	-13,108	55,059	57,098	32,775	114,078	43,452
Operating Profit	-13,737	-111,139	-151,757	89,037	51,190	-14,395	56,717	46,489	-68,142	-43,452
Interest Payable	0	0	0	0	0	6,301	12,416	928	868	462
Interest Receivable	0	0	258	409	197	199	297	0	0	0
Pre-Tax Profit	-13,737	-111,139	-151,499	89,446	51,387	-20,497	44,597	45,561	-69,010	-43,914
Tax	0	0	0	-17,889	-10,791	0	-10,703	1,802	0	0
Profit After Tax	-13,737	-111,139	-151,499	71,557	40,596	-20,497	33,894	47,363	-69,010	-43,914
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,737	-111,139	-151,499	71,557	40,596	-20,497	33,894	47,363	-69,010	-43,914
Employee Costs	195,979	189,953	152,178	75,000	37,606	36,867	73,454	71,748	35,231	0
Number Of Employees	5	5	4	2	1	1	2	2	1	0
EBITDA*	-13,737	-111,139	-151,757	89,346	51,631	-13,765	57,616	46,657	-65,805	-41,307

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	248	353	504	719	1,028	1,469	2,099	1,178	1,683	3,444
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	248	353	504	719	1,028	1,469	2,099	1,178	1,683	3,444
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	302,865	318,715	250,408	144,438	75,847	81,359	131,490	73,128	12,636	5,433
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	30,775	21,744	22,428	22,944
Cash	0	0	0	103,332	60,399	18,391	61,147	57,733	70,618	99,472
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	302,865	318,715	250,408	247,770	136,246	99,750	223,412	152,605	105,682	127,849
total assets	303,113	319,068	250,912	248,489	137,274	101,219	225,511	153,783	107,365	131,293
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	512,549	514,767	335,472	11,061	12,910	7,333	0	0	4,432	3,816
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	51,355	19,222	10,775	6,966
total current liabilities	512,549	514,767	335,472	11,061	12,910	7,333	51,355	19,222	15,207	10,782
loans	0	0	0	0	0	0	193,873	188,172	193,132	152,475
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	165,489	123,982	134,100	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	165,489	123,982	134,100	193,873	188,172	193,132	152,475
total liabilities	512,549	514,767	335,472	176,550	136,892	141,433	245,228	207,394	208,339	163,257
net assets	-209,436	-195,699	-84,560	71,939	382	-40,214	-19,717	-53,611	-100,974	-31,964
total shareholders funds	-209,436	-195,699	-84,560	71,939	382	-40,214	-19,717	-53,611	-100,974	-31,964

	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-13,737	-111,139	-151,757	89,037	51,190	-14,395	56,717	46,489	-68,142	-43,452
Depreciation	0	0	0	309	441	630	899	168	2,337	2,145
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-17,889	-10,791	0	-10,703	1,802	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-15,850	68,307	105,970	68,591	-5,512	-80,906	67,393	59,808	6,687	28,377
Creditors	-2,218	179,295	324,411	-1,849	5,577	7,333	0	-4,432	616	3,816
Accruals and Deferred Income	0	0	0	0	0	-51,355	32,133	8,447	3,809	6,966
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-105	-151	66,684	1,017	51,929	23,119	11,653	-7,334	-68,067	-58,902
Investing Activities
capital expenditure	105	151	215	0	0	0	-1,820	337	-576	-5,589
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	105	151	215	0	0	0	-1,820	337	-576	-5,589
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-193,873	5,701	-4,960	40,657	152,475
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	-165,489	41,507	-10,118	134,100	0	0	0	0
share issue	0	0	-5,000	0	0	0	0	0	0	11,950
interest	0	0	258	409	197	-6,102	-12,119	-928	-868	-462
cash flow from financing	0	0	-170,231	41,916	-9,921	-65,875	-6,418	-5,888	39,789	163,963
cash and cash equivalents
cash	0	0	-103,332	42,933	42,008	-42,756	3,414	-12,885	-28,854	99,472
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	-103,332	42,933	42,008	-42,756	3,414	-12,885	-28,854	99,472

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SEA SEA SHIPPING LIMITED group structure

Sea Sea Shipping Limited has no subsidiary companies.

Ultimate parent company

CHEMCORP LTD

#0080158

1 parent

SEA SEA SHIPPING LIMITED

06316215

SEA SEA SHIPPING LIMITED Shareholders

chemcorp ltd

100%

Sea Sea Shipping Limited currently has 1 director, Mr Tom Softeland serving since Jul 2007.

officer	country	age	start	end	role
Mr Tom Softeland	Norway	63 years	Jul 2007	-	Director

P&L

July 2018

turnover

1.4m

-3%

operating profit

-13.7k

gross margin

16.9%

-3.01%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2018

net assets

-209.4k

+0.07%

total assets

303.1k

-0.05%

cash

net assets

Total assets minus all liabilities

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company number

06316215

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2007

age

accounts

Micro-Entity Accounts

ultimate parent company

CHEMCORP LTD

previous names

N/A

incorporated

address

4th floor clerks well house, 20 britton street, london, EC1M 5UA

last accounts submitted

July 2018

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 sea sea shipping limited.

sea sea shipping limited Company Information

sea sea shipping limited Estimated Valuation

sea sea shipping limited Estimated Valuation

sea sea shipping limited Estimated Valuation

Sea Sea Shipping Limited Overview

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