ctruk boats ltd
ctruk boats ltd Company Information
Company Number
07222206
Website
ctruk.comRegistered Address
20 central avenue, st.andrews business park, norwich, norfolk, NR7 0HR
Industry
Building of pleasure and sporting boats
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Sebastian Shillaker8 Years
Shareholders
ctruk group ltd 60.6%
cpower 247 12.3%
View Allctruk boats ltd Estimated Valuation
Pomanda estimates the enterprise value of CTRUK BOATS LTD at £1m based on a Turnover of £6.3m and 0.16x industry multiple (adjusted for size and gross margin).
ctruk boats ltd Estimated Valuation
Pomanda estimates the enterprise value of CTRUK BOATS LTD at £3.6m based on an EBITDA of £2.6m and a 1.39x industry multiple (adjusted for size and gross margin).
ctruk boats ltd Estimated Valuation
Pomanda estimates the enterprise value of CTRUK BOATS LTD at £931.9k based on Net Assets of £427.9k and 2.18x industry multiple (adjusted for liquidity).
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Ctruk Boats Ltd Overview
Ctruk Boats Ltd is a dissolved company that was located in norwich, NR7 0HR with a Companies House number of 07222206. It operated in the building of pleasure and sporting boats sector, SIC Code 30120. Founded in April 2010, it's largest shareholder was ctruk group ltd with a 60.6% stake. The last turnover for Ctruk Boats Ltd was estimated at £6.3m.
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Ctruk Boats Ltd Health Check
Pomanda's financial health check has awarded Ctruk Boats Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £6.3m, make it smaller than the average company (£8.2m)
£6.3m - Ctruk Boats Ltd
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.8%)
8% - Ctruk Boats Ltd
5.8% - Industry AVG
Production
with a gross margin of -9.9%, this company has a higher cost of product (25.4%)
-9.9% - Ctruk Boats Ltd
25.4% - Industry AVG
Profitability
an operating margin of 36.4% make it more profitable than the average company (5.9%)
36.4% - Ctruk Boats Ltd
5.9% - Industry AVG
Employees
with 60 employees, this is below the industry average (124)
60 - Ctruk Boats Ltd
124 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has a higher pay structure (£25.2k)
£37.8k - Ctruk Boats Ltd
£25.2k - Industry AVG
Efficiency
resulting in sales per employee of £105.5k, this is equally as efficient (£102.1k)
£105.5k - Ctruk Boats Ltd
£102.1k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (12 days)
19 days - Ctruk Boats Ltd
12 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (23 days)
125 days - Ctruk Boats Ltd
23 days - Industry AVG
Stock Days
it holds stock equivalent to 36 days, this is more than average (15 days)
36 days - Ctruk Boats Ltd
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Ctruk Boats Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.8%, this is a higher level of debt than the average (57.3%)
84.8% - Ctruk Boats Ltd
57.3% - Industry AVG
CTRUK BOATS LTD financials
Ctruk Boats Ltd's latest turnover from September 2015 is £6.3 million and the company has net assets of £427.9 thousand. According to their latest financial statements, Ctruk Boats Ltd has 60 employees and maintains cash reserves of £123.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|
| Turnover | 6,331,716 | 9,417,405 | 8,567,625 | 5,008,044 | 1,807,353 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 6,958,607 | 7,539,691 | 5,575,745 | 4,281,264 | 1,358,387 | |
| Gross Profit | -626,891 | 1,877,714 | 2,991,880 | 726,780 | 448,966 | |
| Admin Expenses | -2,932,947 | 1,155,431 | 1,545,192 | 513,712 | 263,110 | |
| Operating Profit | 2,306,056 | 722,283 | 1,446,688 | 213,068 | 185,856 | |
| Interest Payable | 38,554 | 2,054 | 7,837 | 9,279 | 0 | |
| Interest Receivable | 0 | 0 | 12,012 | 22,013 | 0 | |
| Pre-Tax Profit | 2,344,610 | 720,229 | 1,450,863 | 225,802 | 185,856 | |
| Tax | -669,970 | -164,387 | -316,040 | -84,651 | -15,141 | |
| Profit After Tax | 1,674,640 | 555,842 | 1,134,823 | 141,151 | 170,715 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 1,674,640 | 555,842 | 1,134,823 | 141,151 | 170,715 | |
| Employee Costs | 2,268,241 | 2,331,204 | 1,870,667 | 362,448 | 295,636 | |
| Number Of Employees | 60 | 66 | 55 | 34 | 7 | |
| EBITDA* | 2,567,911 | 954,964 | 1,573,898 | 318,037 | 215,791 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 131,685 | 776,478 | 600,560 | 174,844 | 112,487 | 51,436 |
| Intangible Assets | 500,013 | 407,108 | 227,483 | 44,265 | 43,611 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 631,698 | 1,183,586 | 828,043 | 219,109 | 156,098 | 51,436 |
| Stock & work in progress | 687,333 | 1,433,980 | 659,749 | 793,962 | 27,201 | 92,588 |
| Trade Debtors | 337,475 | 504,552 | 1,207,277 | 431,884 | 850,000 | 26,652 |
| Group Debtors | 0 | 350,000 | 400,000 | 836,927 | 175,812 | 0 |
| Misc Debtors | 1,040,922 | 293,431 | 478,978 | 348,609 | 84,137 | 0 |
| Cash | 123,154 | 836,250 | 641,752 | 483,758 | 7,804 | 71,642 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,188,884 | 3,418,213 | 3,387,756 | 2,895,140 | 1,144,954 | 190,882 |
| total assets | 2,820,582 | 4,601,799 | 4,215,799 | 3,114,249 | 1,301,052 | 242,318 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,392,691 | 690,800 | 833,580 | 830,279 | 183,905 | 192,318 |
| Group/Directors Accounts | 0 | 0 | 0 | 570,403 | 705,216 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 1,806,524 | 1,830,274 | 1,293,467 | 141,216 | 0 |
| total current liabilities | 2,392,691 | 2,497,324 | 2,663,854 | 2,694,149 | 1,030,337 | 192,318 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,944 | 5,256 | 8,234 | 0 | 0 |
| total long term liabilities | 0 | 1,944 | 5,256 | 8,234 | 0 | 0 |
| total liabilities | 2,392,691 | 2,499,268 | 2,669,110 | 2,702,383 | 1,030,337 | 192,318 |
| net assets | 427,891 | 2,102,531 | 1,546,689 | 411,866 | 270,715 | 50,000 |
| total shareholders funds | 427,891 | 2,102,531 | 1,546,689 | 411,866 | 270,715 | 50,000 |
| Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 2,306,056 | 722,283 | 1,446,688 | 213,068 | 185,856 | |
| Depreciation | 204,341 | 188,978 | 110,236 | 100,123 | 27,830 | 1,623 |
| Amortisation | 57,514 | 43,703 | 16,974 | 4,846 | 2,105 | 0 |
| Tax | -669,970 | -164,387 | -316,040 | -84,651 | -15,141 | |
| Stock | -746,647 | 774,231 | -134,213 | 766,761 | -65,387 | 92,588 |
| Debtors | 230,414 | -938,272 | 468,835 | 507,471 | 1,083,297 | 26,652 |
| Creditors | 1,701,891 | -142,780 | 3,301 | 646,374 | -8,413 | 192,318 |
| Accruals and Deferred Income | -1,806,524 | -23,750 | 536,807 | 1,152,251 | 141,216 | 0 |
| Deferred Taxes & Provisions | -1,944 | -3,312 | -2,978 | 8,234 | 0 | 0 |
| Cash flow from operations | 2,307,597 | 784,776 | 1,460,366 | 766,013 | -684,457 | |
| Investing Activities | ||||||
| capital expenditure | -418,167 | -591,697 | -767,407 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -418,167 | -591,697 | -767,407 | |||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -570,403 | -134,813 | 705,216 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -38,554 | -2,054 | 4,175 | 12,734 | 0 | |
| cash flow from financing | -3,387,834 | -2,054 | -566,228 | -122,079 | 755,216 | |
| cash and cash equivalents | ||||||
| cash | -713,096 | 194,498 | 157,994 | 475,954 | -63,838 | 71,642 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -713,096 | 194,498 | 157,994 | 475,954 | -63,838 | 71,642 |
ctruk boats ltd Credit Report and Business Information
Ctruk Boats Ltd Competitor Analysis
Perform a competitor analysis for ctruk boats ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in NR7 area or any other competitors across 12 key performance metrics.
ctruk boats ltd Ownership
CTRUK BOATS LTD group structure
Ctruk Boats Ltd has no subsidiary companies.
ctruk boats ltd directors
Ctruk Boats Ltd currently has 1 director, Mr Sebastian Shillaker serving since Oct 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sebastian Shillaker | England | 41 years | Oct 2015 | - | Director |
P&L
September 2015turnover
6.3m
-33%
operating profit
2.3m
+219%
gross margin
-9.9%
-149.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2015net assets
427.9k
-0.8%
total assets
2.8m
-0.39%
cash
123.2k
-0.85%
net assets
Total assets minus all liabilities
Similar Companies
ctruk boats ltd company details
company number
07222206
Type
Private limited with Share Capital
industry
30120 - Building of pleasure and sporting boats
incorporation date
April 2010
age
14
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2015
address
20 central avenue, st.andrews business park, norwich, norfolk, NR7 0HR
accountant
-
auditor
-
ctruk boats ltd 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 ctruk boats ltd.
ctruk boats ltd Companies House Filings - See Documents
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