Marinehigh Limited

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marinehigh limited Company Information

Live

EstablishedMicroLow

Company Number

06626167

Website

Registered Address

19 leyden street, london, E1 7LE

Industry

Other personal service activities n.e.c.

Telephone

Next Accounts Due

14 days late

Group Structure

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Directors

Alan Rutland4 Years

Wissem Chihi1 Years

Shareholders

andrea bianchi 25%

marisol ludovica bianchi 25%

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marinehigh limited Estimated Valuation

£57.9k

Pomanda estimates the enterprise value of MARINEHIGH LIMITED at £57.9k based on a Turnover of £79.4k and 0.73x industry multiple (adjusted for size and gross margin).

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Marinehigh Limited is a live company located in london, E1 7LE with a Companies House number of 06626167. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2008, it's largest shareholder is andrea bianchi with a 25% stake. Marinehigh Limited is a established, micro sized company, Pomanda has estimated its turnover at £79.4k with low growth in recent years.

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Pomanda's financial health check has awarded Marinehigh Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

5 Weak

Size

annual sales of £79.4k, make it smaller than the average company (£803k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (4.1%)

EXPORT

Marinehigh Limited's latest turnover from November 2022 is estimated at £79.4 thousand and the company has net assets of £18.4 thousand. According to their latest financial statements, Marinehigh Limited has 1 employee and maintains cash reserves of £656.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 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	79,424	73,579	73,683	73,376	75,454	125,000	861,172	214,468	1,054,595	242,877	565,049	487,330	479,302
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	47,506	44,493	44,644	43,797	45,484	73,771	501,809	127,601	633,911	138,987	326,444	276,866	270,190
Gross Profit	31,918	29,086	29,039	29,579	29,970	51,229	359,363	86,867	420,684	103,890	238,605	210,464	209,112
Admin Expenses	65,085	-36,243	-773,665	58,242	202,813	126,228	507,333	193,510	466,319	149,346	22,103	352,968	273,764
Operating Profit	-33,167	65,329	802,704	-28,663	-172,843	-74,999	-147,970	-106,643	-45,635	-45,456	216,502	-142,504	-64,652
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,544	57	0	1	8	19	69	95	168	119	16	139	130
Pre-Tax Profit	-21,622	65,386	802,705	-28,662	-172,835	-74,980	-147,902	-106,548	-45,467	-45,337	216,518	-142,365	-64,522
Tax	0	-12,423	-152,514	0	0	0	0	0	0	0	-51,964	0	0
Profit After Tax	-21,622	52,963	650,191	-28,662	-172,835	-74,980	-147,902	-106,548	-45,467	-45,337	164,554	-142,365	-64,522
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-21,622	52,963	650,191	-28,662	-172,835	-74,980	-147,902	-106,548	-45,467	-45,337	164,554	-142,365	-64,522
Employee Costs	28,786	27,714	26,412	26,934	25,772	24,759	319,388	79,253	369,023	104,791	207,025	179,821	172,835
Number Of Employees	1	1	1	1	1	1	12	3	14	4	8	7	7
EBITDA*	-33,167	65,329	866,851	63,435	-80,745	11,074	-60,328	-20,703	32,017	28,470	299,215	-42,504	-39,652

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 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	0	0	0	69,073	161,171	236,701	328,659	408,215	446,497	499,001	641,025	875,000	975,000
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	69,073	161,171	236,702	328,659	408,216	446,498	499,002	641,026	875,000	975,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	15,493	73,028	26,044	100,761	12,744	56,493	12,800	27,087
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	36,301	208,631	7,044	7,857	1,657	1,549	1,577	1,546	0	0	0	0	0
Cash	656,405	113,216	673	69	137	2,980	11,897	15,593	22,486	44,680	2,768	3,711	51,855
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	692,707	321,847	7,718	7,927	1,795	20,022	86,503	43,184	123,247	57,424	59,261	16,511	78,942
total assets	692,707	321,847	7,718	77,000	162,966	256,724	415,162	451,400	569,745	556,426	700,286	891,511	1,053,942
Bank overdraft	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
Trade Creditors	0	0	0	0	0	0	0	13,913	165,070	74,813	87,250	233,707	159,033
Group/Directors Accounts	0	0	0	0	0	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
hp & lease commitments	0	0	0	0	0	57,188	65,863	64,584	0	0	0	0	0
other current liabilities	527,083	241,138	0	0	25,895	18,986	12,708	3,867	0	0	0	0	0
total current liabilities	527,084	241,138	0	0	25,895	76,176	78,571	82,364	165,070	74,813	87,250	233,707	159,033
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	65,274	135,454	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	147,179	40,638	20,616	740,014	771,423	642,134	657,904	472,286	536,927	568,440	654,426	863,551	958,291
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	147,180	40,639	20,617	740,015	771,424	642,135	723,179	607,741	536,927	568,441	654,427	863,551	958,291
total liabilities	674,263	281,777	20,617	740,015	797,319	718,310	801,750	690,106	701,997	643,254	741,677	1,097,258	1,117,324
net assets	18,444	40,071	-12,899	-663,014	-634,353	-461,586	-386,588	-238,706	-132,253	-86,828	-41,390	-205,747	-63,382
total shareholders funds	18,444	40,071	-12,899	-663,014	-634,353	-461,586	-386,588	-238,706	-132,253	-86,828	-41,390	-205,747	-63,382

	Nov 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	-33,167	65,329	802,704	-28,663	-172,843	-74,999	-147,970	-106,643	-45,635	-45,456	216,502	-142,504	-64,652
Depreciation	0	0	64,146	92,098	92,098	86,073	87,642	85,940	77,652	73,926	82,713	100,000	25,000
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-12,423	-152,514	0	0	0	0	0	0	0	-51,964	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-172,330	201,587	-813	6,200	-15,385	-57,563	47,014	-73,169	88,016	-43,748	43,692	-14,287	27,087
Creditors	0	0	0	0	0	0	-13,913	-151,157	90,257	-12,436	-146,457	74,674	159,033
Accruals and Deferred Income	285,945	241,138	0	-25,895	6,909	6,278	8,841	3,867	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	425,108	92,457	715,149	31,340	-58,451	74,915	-112,414	-94,824	34,258	59,782	57,102	46,457	92,294
Investing Activities
capital expenditure	0	0	4,927	0	-16,568	5,885	-8,086	-47,658	-25,148	68,098	151,262	0	-1,000,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	4,927	0	-16,568	5,885	-8,086	-47,658	-25,148	68,098	151,262	0	-1,000,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-57,188	-73,949	-68,901	200,038	0	0	0	0	0
other long term liabilities	106,541	20,022	-719,398	-31,409	129,289	-15,770	185,618	-64,641	-31,513	-85,986	-209,125	-94,740	958,291
share issue	-5	6	-75	0	69	-18	20	95	42	-100	-197	0	1,140
interest	11,544	57	0	1	8	19	69	95	168	119	16	139	130
cash flow from financing	118,080	20,085	-719,473	-31,408	72,178	-89,718	116,806	135,587	-31,303	-85,967	-209,306	-94,601	959,561
cash and cash equivalents
cash	543,189	112,543	604	-68	-2,843	-8,918	-3,696	-6,893	-22,195	41,913	-943	-48,144	51,855
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	543,189	112,543	604	-68	-2,843	-8,918	-3,696	-6,893	-22,195	41,913	-943	-48,144	51,855

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARINEHIGH LIMITED group structure

Marinehigh Limited has no subsidiary companies.

Ultimate parent company

MARINEHIGH LIMITED

06626167

MARINEHIGH LIMITED Shareholders

andrea bianchi	25%
marisol ludovica bianchi	25%
andrea ernesto bianchi	25%
silvana pendola	25%

Marinehigh Limited currently has 2 directors. The longest serving directors include Mr Alan Rutland (Jan 2020) and Wissem Chihi (Mar 2023).

officer	country	age	start	end	role
Mr Alan Rutland	England	67 years	Jan 2020	-	Director
Wissem Chihi	England	37 years	Mar 2023	-	Director

P&L

November 2022

turnover

79.4k

+8%

operating profit

-33.2k

gross margin

40.2%

+1.66%

turnover

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

Balance Sheet

November 2022

net assets

18.4k

-0.54%

total assets

692.7k

+1.15%

cash

656.4k

+4.8%

net assets

Total assets minus all liabilities

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company number

06626167

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

June 2008

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

November 2022

address

19 leyden street, london, E1 7LE

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 marinehigh limited.

marinehigh limited Company Information

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marinehigh limited Estimated Valuation

marinehigh limited Estimated Valuation

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