ovation boat services ltd
ovation boat services ltd Company Information
Company Number
07327026
Next Accounts
Apr 2025
Directors
Shareholders
christopher chris williams
Group Structure
View All
Industry
Repair and maintenance of ships and boats
Registered Address
unit f whiteacres, cambridge road, whetstone, leicester, LE8 6ZG
ovation boat services ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BOAT SERVICES LTD at £183.6k based on a Turnover of £436.4k and 0.42x industry multiple (adjusted for size and gross margin).
ovation boat services ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BOAT SERVICES LTD at £262.6k based on an EBITDA of £64.1k and a 4.1x industry multiple (adjusted for size and gross margin).
ovation boat services ltd Estimated Valuation
Pomanda estimates the enterprise value of OVATION BOAT SERVICES LTD at £423.3k based on Net Assets of £180.9k and 2.34x industry multiple (adjusted for liquidity).
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Ovation Boat Services Ltd Overview
Ovation Boat Services Ltd is a live company located in whetstone, LE8 6ZG with a Companies House number of 07327026. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in July 2010, it's largest shareholder is christopher chris williams with a 100% stake. Ovation Boat Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £436.4k with declining growth in recent years.
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Ovation Boat Services Ltd Health Check
Pomanda's financial health check has awarded Ovation Boat Services Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £436.4k, make it smaller than the average company (£5.1m)
- Ovation Boat Services Ltd
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (7.2%)
- Ovation Boat Services Ltd
7.2% - Industry AVG
Production
with a gross margin of 29.3%, this company has a comparable cost of product (29.3%)
- Ovation Boat Services Ltd
29.3% - Industry AVG
Profitability
an operating margin of 14.6% make it more profitable than the average company (5.1%)
- Ovation Boat Services Ltd
5.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (52)
4 - Ovation Boat Services Ltd
52 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)
- Ovation Boat Services Ltd
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £109.1k, this is less efficient (£134.8k)
- Ovation Boat Services Ltd
£134.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ovation Boat Services Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Ovation Boat Services Ltd
- - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (13 days)
- Ovation Boat Services Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 180 weeks, this is more cash available to meet short term requirements (22 weeks)
180 weeks - Ovation Boat Services Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.5%, this is a lower level of debt than the average (58.7%)
30.5% - Ovation Boat Services Ltd
58.7% - Industry AVG
OVATION BOAT SERVICES LTD financials
Ovation Boat Services Ltd's latest turnover from July 2023 is estimated at £436.4 thousand and the company has net assets of £180.9 thousand. According to their latest financial statements, Ovation Boat Services Ltd has 4 employees and maintains cash reserves of £251.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 4 | 4 | 2 | 2 | 2 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,018 | 750 | 2,300 | 3,850 | 3,904 | 3,011 | 4,518 | 2,328 | 4,658 | 6,988 | 9,318 | ||
| Intangible Assets | |||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 2,000 | ||||||||||||
| Total Fixed Assets | 1,018 | 750 | 2,300 | 3,850 | 3,904 | 3,011 | 6,518 | 2,328 | 4,658 | 6,988 | 9,318 | ||
| Stock & work in progress | 7,334 | 30,929 | 40,055 | 166,138 | 74,087 | 42,189 | 49,891 | 59,316 | 49,673 | 47,000 | 37,110 | 27,007 | 24,007 |
| Trade Debtors | |||||||||||||
| Group Debtors | |||||||||||||
| Misc Debtors | 788 | 149 | 1,718 | 6,405 | |||||||||
| Cash | 251,122 | 178,435 | 298,104 | 19,742 | 21,853 | 12,741 | 2,567 | 5,864 | 16,666 | 31,874 | 20,930 | 15,085 | 9,917 |
| misc current assets | 1,223 | 1 | |||||||||||
| total current assets | 259,244 | 209,513 | 338,159 | 187,598 | 97,163 | 61,335 | 52,459 | 65,180 | 66,339 | 78,874 | 58,040 | 42,092 | 33,924 |
| total assets | 260,262 | 209,513 | 338,909 | 189,898 | 101,013 | 65,239 | 55,470 | 71,698 | 66,339 | 81,202 | 62,698 | 49,080 | 43,242 |
| Bank overdraft | |||||||||||||
| Bank loan | 3,614 | ||||||||||||
| Trade Creditors | 1,967 | 3,119 | 172 | 2,330 | 9,175 | 8,301 | 5,886 | 3,352 | 3,863 | ||||
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 68,625 | 3,708 | 45,482 | 649 | 3,312 | 846 | 639 | 919 | |||||
| total current liabilities | 72,239 | 5,675 | 48,601 | 821 | 5,642 | 846 | 639 | 919 | 9,175 | 8,301 | 5,886 | 3,352 | 3,863 |
| loans | 7,141 | 75,267 | 173,445 | 179,768 | 77,484 | 54,090 | 49,427 | 45,968 | 38,458 | ||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 742 | ||||||||||||
| other liabilities | 572 | 1,507 | 51,135 | 44,509 | 33,343 | 27,785 | |||||||
| provisions | 437 | 570 | |||||||||||
| total long term liabilities | 7,141 | 75,267 | 173,445 | 180,205 | 78,054 | 54,832 | 49,999 | 47,475 | 38,458 | 51,135 | 44,509 | 33,343 | 27,785 |
| total liabilities | 79,380 | 80,942 | 222,046 | 181,026 | 83,696 | 55,678 | 50,638 | 48,394 | 47,633 | 59,436 | 50,395 | 36,695 | 31,648 |
| net assets | 180,882 | 128,571 | 116,863 | 8,872 | 17,317 | 9,561 | 4,832 | 23,304 | 18,706 | 21,766 | 12,303 | 12,385 | 11,594 |
| total shareholders funds | 180,882 | 128,571 | 116,863 | 8,872 | 17,317 | 9,561 | 4,832 | 23,304 | 18,706 | 21,766 | 12,303 | 12,385 | 11,594 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 340 | 750 | 1,550 | 1,550 | 3,054 | 2,307 | 1,507 | 1,507 | 2,330 | 2,330 | 2,330 | 2,330 | |
| Amortisation | |||||||||||||
| Tax | |||||||||||||
| Stock | -23,595 | -9,126 | -126,083 | 92,051 | 31,898 | -7,702 | -9,425 | 9,643 | 2,673 | 9,890 | 10,103 | 3,000 | 24,007 |
| Debtors | 639 | 149 | -1,718 | 1,718 | -6,405 | 6,405 | -2,000 | 2,000 | |||||
| Creditors | -1,967 | -1,152 | 2,947 | -2,158 | 2,330 | -9,175 | 874 | 2,415 | 2,534 | -511 | 3,863 | ||
| Accruals and Deferred Income | 64,917 | -41,774 | 44,833 | -2,663 | 1,724 | 949 | -280 | 919 | |||||
| Deferred Taxes & Provisions | -437 | -133 | 570 | ||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 3,614 | ||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | -68,126 | -98,178 | -6,323 | 102,284 | 23,394 | 4,663 | 3,459 | 7,510 | 38,458 | ||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -572 | -935 | 1,507 | -51,135 | 6,626 | 11,166 | 5,558 | 27,785 | |||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 72,687 | -119,669 | 278,362 | -2,111 | 9,112 | 10,174 | -3,297 | -10,802 | -15,208 | 10,944 | 5,845 | 5,168 | 9,917 |
| overdraft | |||||||||||||
| change in cash | 72,687 | -119,669 | 278,362 | -2,111 | 9,112 | 10,174 | -3,297 | -10,802 | -15,208 | 10,944 | 5,845 | 5,168 | 9,917 |
ovation boat services ltd Credit Report and Business Information
Ovation Boat Services Ltd Competitor Analysis
Perform a competitor analysis for ovation boat services ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in LE8 area or any other competitors across 12 key performance metrics.
ovation boat services ltd Ownership
OVATION BOAT SERVICES LTD group structure
Ovation Boat Services Ltd has no subsidiary companies.
Ultimate parent company
OVATION BOAT SERVICES LTD
07327026
ovation boat services ltd directors
Ovation Boat Services Ltd currently has 1 director, Mr Christopher Williams serving since Jul 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Williams | England | 64 years | Jul 2010 | - | Director |
P&L
July 2023turnover
436.4k
+56%
operating profit
63.7k
0%
gross margin
29.4%
-6.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
180.9k
+0.41%
total assets
260.3k
+0.24%
cash
251.1k
+0.41%
net assets
Total assets minus all liabilities
ovation boat services ltd company details
company number
07327026
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
July 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
unit f whiteacres, cambridge road, whetstone, leicester, LE8 6ZG
Bank
-
Legal Advisor
-
ovation boat services 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 ovation boat services ltd.
ovation boat services ltd 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.
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ovation boat services ltd Companies House Filings - See Documents
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