balmoral cruise limited
balmoral cruise limited Company Information
Company Number
06443659
Website
https://www.fredolsen.co.ukRegistered Address
2nd floor, 36 broadway, london, SW1H 0BH
Industry
Sea and coastal passenger water transport
Telephone
02079318888
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
fred. olsen cruise lines limited 100%
balmoral cruise limited Estimated Valuation
Pomanda estimates the enterprise value of BALMORAL CRUISE LIMITED at £7.2m based on a Turnover of £8m and 0.89x industry multiple (adjusted for size and gross margin).
balmoral cruise limited Estimated Valuation
Pomanda estimates the enterprise value of BALMORAL CRUISE LIMITED at £37.6m based on an EBITDA of £8m and a 4.69x industry multiple (adjusted for size and gross margin).
balmoral cruise limited Estimated Valuation
Pomanda estimates the enterprise value of BALMORAL CRUISE LIMITED at £60.7m based on Net Assets of £29.3m and 2.07x industry multiple (adjusted for liquidity).
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Balmoral Cruise Limited Overview
Balmoral Cruise Limited is a live company located in london, SW1H 0BH with a Companies House number of 06443659. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in December 2007, it's largest shareholder is fred. olsen cruise lines limited with a 100% stake. Balmoral Cruise Limited is a established, mid sized company, Pomanda has estimated its turnover at £8m with unknown growth in recent years.
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Balmoral Cruise Limited Health Check
Pomanda's financial health check has awarded Balmoral Cruise Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
1 Weak
Size
annual sales of £8m, make it in line with the average company (£8.1m)
£8m - Balmoral Cruise Limited
£8.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Balmoral Cruise Limited
- - Industry AVG
Production
with a gross margin of 16.7%, this company has a comparable cost of product (16.7%)
16.7% - Balmoral Cruise Limited
16.7% - Industry AVG
Profitability
an operating margin of -190.2% make it less profitable than the average company (-0.5%)
-190.2% - Balmoral Cruise Limited
-0.5% - Industry AVG
Employees
with 67 employees, this is similar to the industry average (62)
- Balmoral Cruise Limited
62 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)
- Balmoral Cruise Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £119.9k, this is equally as efficient (£121.4k)
- Balmoral Cruise Limited
£121.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Balmoral Cruise Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Balmoral Cruise Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Balmoral Cruise Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 144 weeks, this is more cash available to meet short term requirements (14 weeks)
144 weeks - Balmoral Cruise Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.1%, this is a lower level of debt than the average (73.6%)
0.1% - Balmoral Cruise Limited
73.6% - Industry AVG
BALMORAL CRUISE LIMITED financials
Balmoral Cruise Limited's latest turnover from December 2022 is £8 million and the company has net assets of £29.3 million. According to their latest financial statements, we estimate that Balmoral Cruise Limited has 67 employees and maintains cash reserves of £39 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 | 8,030,000 | 8,030,000 | 8,052,000 | 8,030,000 | 8,030,000 | 8,030,000 | 8,052,000 | 8,030,000 | 8,030,000 | 6,344,000 | 15,921,000 | 15,878,000 | 15,878,000 | 15,878,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -15,275,000 | -1,430,000 | -1,789,000 | -1,093,000 | -729,000 | 1,504,000 | 1,010,000 | 1,039,000 | 714,000 | -21,094,000 | 6,969,000 | 6,080,000 | 6,488,000 | 7,308,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,560,000 | 2,067,000 | 3,016,000 | 3,519,000 | 4,046,000 | 3,723,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 79,000 |
| Pre-Tax Profit | -15,275,000 | -1,430,000 | -1,789,000 | -1,093,000 | -729,000 | 1,504,000 | 1,010,000 | 1,039,000 | -1,846,000 | -23,161,000 | 3,954,000 | 2,561,000 | 2,442,000 | 3,664,000 |
| Tax | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -7,000 | -6,000 | -6,000 | -7,000 | -7,000 | -7,000 | -15,000 | -6,000 |
| Profit After Tax | -15,280,000 | -1,435,000 | -1,794,000 | -1,098,000 | -734,000 | 1,499,000 | 1,003,000 | 1,033,000 | -1,852,000 | -23,168,000 | 3,947,000 | 2,554,000 | 2,427,000 | 3,658,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 16,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -15,280,000 | -1,435,000 | -1,794,000 | -1,098,000 | -734,000 | -14,501,000 | 1,003,000 | 1,033,000 | -1,852,000 | -23,168,000 | 3,947,000 | 2,554,000 | 2,427,000 | 3,658,000 |
| Employee Costs | ||||||||||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 8,023,000 | 8,030,000 | 8,037,000 | 8,019,000 | 8,027,000 | 8,028,000 | 8,050,000 | 8,039,000 | 7,563,000 | -12,166,000 | 15,544,000 | 15,592,000 | 15,486,000 | 15,765,000 |
* 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 | 3,569,000 | 23,160,000 | 32,620,000 | 41,261,000 | 44,655,000 | 51,009,000 | 49,535,000 | 56,112,000 | 62,465,000 | 65,665,000 | 91,703,000 | 97,827,000 | 106,211,000 | 112,233,000 |
| 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 | 3,569,000 | 23,160,000 | 32,620,000 | 41,261,000 | 44,655,000 | 51,009,000 | 49,535,000 | 56,112,000 | 62,465,000 | 65,665,000 | 91,703,000 | 97,827,000 | 106,211,000 | 112,233,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 25,721,000 | 21,401,000 | 13,383,000 | 5,432,000 | 3,136,000 | 0 | 14,627,000 | 9,716,000 | 0 | 0 | 0 | 205,000 | 659,000 | 1,963,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 |
| Cash | 39,000 | 39,000 | 39,000 | 1,139,000 | 1,139,000 | 1,139,000 | 1,000 | 2,000 | 17,000 | 17,000 | 17,000 | 1,616,000 | 5,000 | 5,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,760,000 | 21,440,000 | 13,422,000 | 6,571,000 | 4,275,000 | 1,139,000 | 14,628,000 | 9,718,000 | 17,000 | 18,000 | 17,000 | 1,821,000 | 664,000 | 1,968,000 |
| total assets | 29,329,000 | 44,600,000 | 46,042,000 | 47,832,000 | 48,930,000 | 52,148,000 | 64,163,000 | 65,830,000 | 62,482,000 | 65,683,000 | 91,720,000 | 99,648,000 | 106,875,000 | 114,201,000 |
| 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 | 8,034,000 | 8,034,000 | 15,831,000 | 9,715,000 | 9,715,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 2,482,000 | 0 | 2,667,000 | 18,351,000 | 5,761,000 | 526,000 | 6,000 | 1,000 | 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 | 14,000 | 5,000 | 12,000 | 8,000 | 8,000 | 10,000 | 6,000 | 9,000 | 10,000 | 223,000 | 293,000 | 357,000 | 428,000 | 467,000 |
| total current liabilities | 14,000 | 5,000 | 12,000 | 8,000 | 8,000 | 2,492,000 | 6,000 | 2,676,000 | 18,361,000 | 14,018,000 | 8,853,000 | 16,194,000 | 10,144,000 | 10,182,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,692,000 | 33,726,000 | 41,760,000 | 57,591,000 | 67,306,000 |
| 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 | 0 | 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 | 0 | 0 | 25,692,000 | 33,726,000 | 41,760,000 | 57,591,000 | 67,306,000 |
| total liabilities | 14,000 | 5,000 | 12,000 | 8,000 | 8,000 | 2,492,000 | 6,000 | 2,676,000 | 18,361,000 | 39,710,000 | 42,579,000 | 57,954,000 | 67,735,000 | 77,488,000 |
| net assets | 29,315,000 | 44,595,000 | 46,030,000 | 47,824,000 | 48,922,000 | 49,656,000 | 64,157,000 | 63,154,000 | 44,121,000 | 25,973,000 | 49,141,000 | 41,694,000 | 39,140,000 | 36,713,000 |
| total shareholders funds | 29,315,000 | 44,595,000 | 46,030,000 | 47,824,000 | 48,922,000 | 49,656,000 | 64,157,000 | 63,154,000 | 44,121,000 | 25,973,000 | 49,141,000 | 41,694,000 | 39,140,000 | 36,713,000 |
| 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 | -15,275,000 | -1,430,000 | -1,789,000 | -1,093,000 | -729,000 | 1,504,000 | 1,010,000 | 1,039,000 | 714,000 | -21,094,000 | 6,969,000 | 6,080,000 | 6,488,000 | 7,308,000 |
| Depreciation | 23,298,000 | 9,460,000 | 9,826,000 | 9,112,000 | 8,756,000 | 6,524,000 | 7,040,000 | 7,000,000 | 6,849,000 | 8,928,000 | 8,575,000 | 9,512,000 | 8,998,000 | 8,457,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -5,000 | -7,000 | -6,000 | -6,000 | -7,000 | -7,000 | -7,000 | -15,000 | -6,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,320,000 | 8,018,000 | 7,951,000 | 2,296,000 | 3,136,000 | -14,627,000 | 4,911,000 | 9,716,000 | -1,000 | 1,000 | -205,000 | -454,000 | -1,304,000 | 1,963,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 9,000 | -7,000 | 4,000 | 0 | -2,000 | 4,000 | -3,000 | -1,000 | -213,000 | -70,000 | -64,000 | -71,000 | -39,000 | 467,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,707,000 | 0 | 85,000 | 5,718,000 | 4,884,000 | 22,654,000 | 3,129,000 | -1,684,000 | 7,345,000 | -12,244,000 | 15,678,000 | 15,968,000 | 16,736,000 | 14,263,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -2,451,000 | -1,128,000 | -2,976,000 | 761,000 | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -2,451,000 | -1,128,000 | -2,976,000 | 761,000 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8,034,000 | 0 | -7,797,000 | 6,116,000 | 0 | 9,715,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -2,482,000 | 2,482,000 | -2,667,000 | -15,684,000 | 12,590,000 | 5,235,000 | 520,000 | 5,000 | 1,000 | 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 | -25,692,000 | -8,034,000 | -8,034,000 | -15,831,000 | -9,715,000 | 67,306,000 |
| 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 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,560,000 | -2,067,000 | -3,015,000 | -3,519,000 | -4,046,000 | -3,644,000 |
| cash flow from financing | 0 | 0 | 0 | 0 | -2,482,000 | 2,482,000 | -2,667,000 | 2,316,000 | -3,696,000 | -4,866,000 | -14,826,000 | -13,229,000 | -13,760,000 | 106,432,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | -1,100,000 | 0 | 0 | 1,138,000 | -1,000 | -15,000 | 0 | 0 | -1,599,000 | 1,611,000 | 0 | 5,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | -1,100,000 | 0 | 0 | 1,138,000 | -1,000 | -15,000 | 0 | 0 | -1,599,000 | 1,611,000 | 0 | 5,000 |
balmoral cruise limited Credit Report and Business Information
Balmoral Cruise Limited Competitor Analysis
Perform a competitor analysis for balmoral cruise limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
balmoral cruise limited Ownership
BALMORAL CRUISE LIMITED group structure
Balmoral Cruise Limited has no subsidiary companies.
Ultimate parent company
BONHEUR ASA
#0134493
2 parents
BALMORAL CRUISE LIMITED
06443659
balmoral cruise limited directors
Balmoral Cruise Limited currently has 2 directors. The longest serving directors include Mr Peter Deer (Feb 2023) and Mrs Claire Wright (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Deer | England | 54 years | Feb 2023 | - | Director |
| Mrs Claire Wright | England | 46 years | Feb 2023 | - | Director |
P&L
December 2022turnover
8m
0%
operating profit
-15.3m
+968%
gross margin
16.8%
+111.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
29.3m
-0.34%
total assets
29.3m
-0.34%
cash
39k
0%
net assets
Total assets minus all liabilities
Similar Companies
balmoral cruise limited company details
company number
06443659
Type
Private limited with Share Capital
industry
50100 - Sea and coastal passenger water transport
incorporation date
December 2007
age
17
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor, 36 broadway, london, SW1H 0BH
last accounts submitted
December 2022
balmoral cruise 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 balmoral cruise limited.
balmoral cruise limited Companies House Filings - See Documents
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