Desty Marine International Limited

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desty marine international limited Company Information

Live

EstablishedSmallDeclining

Company Number

07867507

Website

www.destymarine.com

Registered Address

13 hursley road, chandlers ford, eastleigh, hampshire, SO53 2FW

Industry

Building of pleasure and sporting boats

Telephone

02380457776

Next Accounts Due

January 2025

Group Structure

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Directors

Neil Desty12 Years

Shareholders

robert william desty 33.3%

janet kathryn desty 33.3%

View All

desty marine international limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of DESTY MARINE INTERNATIONAL LIMITED at £1.6m based on a Turnover of £4.5m and 0.35x industry multiple (adjusted for size and gross margin).

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Desty Marine International Limited is a live company located in eastleigh, SO53 2FW with a Companies House number of 07867507. It operates in the building of pleasure and sporting boats sector, SIC Code 30120. Founded in December 2011, it's largest shareholder is robert william desty with a 33.3% stake. Desty Marine International Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Desty Marine International Limited a 3 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 Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (6.3%)

EXPORT

Desty Marine International Limited's latest turnover from April 2023 is estimated at £4.5 million and the company has net assets of -£479.6 thousand. According to their latest financial statements, Desty Marine International Limited has 27 employees and maintains cash reserves of £37.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Turnover	4,470,556	4,982,047	5,951,539	6,780,634	9,074,214	12,017,900	13,545,928	10,070,606	26,764,409	11,095,913
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,232,947	3,720,979	4,622,492	5,134,295	6,949,435	9,087,221	9,957,520	7,906,956	20,028,185	8,320,097
Gross Profit	1,237,609	1,261,068	1,329,047	1,646,339	2,124,779	2,930,679	3,588,408	2,163,649	6,736,224	2,775,815
Admin Expenses	1,475,835	2,940,656	1,263,161	2,299,088	1,165,078	2,627,061	3,549,895	2,179,485	6,021,211	2,086,909
Operating Profit	-238,226	-1,679,588	65,886	-652,749	959,701	303,618	38,513	-15,836	715,013	688,906
Interest Payable	72,600	44,355	16,013	0	0	0	0	0	0	0
Interest Receivable	1,784	4,550	961	825	3,889	873	345	247	214	138
Pre-Tax Profit	-309,042	-1,719,393	50,835	-651,924	963,590	304,491	38,858	-15,589	715,226	689,044
Tax	0	0	-9,659	0	-183,082	-57,853	-7,383	0	-143,045	-144,699
Profit After Tax	-309,042	-1,719,393	41,176	-651,924	780,508	246,638	31,475	-15,589	572,181	544,345
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-309,042	-1,719,393	41,176	-651,924	780,508	246,638	31,475	-15,589	572,181	544,345
Employee Costs	964,755	2,335,899	1,302,544	1,425,162	1,679,363	1,254,022	1,300,778	2,140,328	7,001,599	3,449,194
Number Of Employees	27	70	39	44	50	46	45	82	266	127
EBITDA*	-218,205	-1,650,457	97,676	-615,882	997,398	323,451	51,300	-5,817	719,787	689,846

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Tangible Assets	0	69,030	93,807	108,476	122,910	116,824	56,777	44,944	21,645	14,566
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	0	69,030	93,807	108,476	122,910	116,824	56,777	44,944	21,645	14,566
Stock & work in progress	201,464	405,903	288,573	133,905	192,919	169,943	140,619	264,175	222,779	152,922
Trade Debtors	345,036	229,802	1,304,023	1,119,015	1,863,405	1,995,554	1,518,859	1,230,077	2,059,480	1,316,142
Group Debtors	372,585	7,107	22,307	23,390	22,656	0	80,841	55,793	0	0
Misc Debtors	1,827,010	1,105,999	93,678	291,199	143,503	97,024	65,372	41,649	0	0
Cash	37,083	46,883	1,166,389	755,646	895,182	141,990	207,381	68,504	30,198	55,252
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	2,783,178	1,795,694	2,874,970	2,323,155	3,117,665	2,404,511	2,013,072	1,660,198	2,312,457	1,524,316
total assets	2,783,178	1,864,724	2,968,777	2,431,631	3,240,575	2,521,335	2,069,849	1,705,142	2,334,102	1,538,882
Bank overdraft	175,342	175,342	78,750	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,401,278	770,499	257,923	372,871	512,160	532,916	504,305	408,819	1,213,063	994,533
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	1,944	3,333	11,667	10,666	3,998	3,998	0	0
other current liabilities	1,234,136	470,723	626,068	534,371	538,275	578,944	417,676	177,730	0	0
total current liabilities	2,810,756	1,416,564	964,685	910,575	1,062,102	1,122,526	925,979	590,547	1,213,063	994,533
loans	452,043	613,866	446,250	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,944	5,278	8,333	666	4,665	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	4,873	9,028	11,474	13,633	11,422	10,788	8,989	4,509	0
total long term liabilities	452,043	618,739	455,278	13,418	18,911	19,755	11,454	13,654	4,509	0
total liabilities	3,262,799	2,035,303	1,419,963	923,993	1,081,013	1,142,281	937,433	604,201	1,217,572	994,533
net assets	-479,621	-170,579	1,548,814	1,507,638	2,159,562	1,379,054	1,132,416	1,100,941	1,116,530	544,349
total shareholders funds	-479,621	-170,579	1,548,814	1,507,638	2,159,562	1,379,054	1,132,416	1,100,941	1,116,530	544,349

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Operating Activities
Operating Profit	-238,226	-1,679,588	65,886	-652,749	959,701	303,618	38,513	-15,836	715,013	688,906	0
Depreciation	20,021	29,131	31,790	36,867	37,697	19,833	12,787	10,019	4,774	940	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-9,659	0	-183,082	-57,853	-7,383	0	-143,045	-144,699	0
Stock	-204,439	117,330	154,668	-59,014	22,976	29,324	-123,556	41,396	69,857	152,922	0
Debtors	1,201,723	-77,100	-13,596	-595,960	-63,014	427,506	337,553	-731,961	743,338	1,316,142	0
Creditors	630,779	512,576	-114,948	-139,289	-20,756	28,611	95,486	-804,244	218,530	994,533	0
Accruals and Deferred Income	763,413	-155,345	91,697	-3,904	-40,669	161,268	239,946	177,730	0	0	0
Deferred Taxes & Provisions	-4,873	-4,155	-2,446	-2,159	2,211	634	1,799	4,480	4,509	0	0
Cash flow from operations	173,830	-1,337,611	-78,752	-106,260	795,140	-719	167,151	62,714	-13,414	70,616	0
Investing Activities
capital expenditure	49,009	-4,354	-17,121	-22,433	-43,783	-79,880	-24,620	-33,318	-11,853	-15,506	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	49,009	-4,354	-17,121	-22,433	-43,783	-79,880	-24,620	-33,318	-11,853	-15,506	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-161,823	167,616	446,250	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-1,944	-3,333	-11,668	-2,054	14,335	-3,999	8,663	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	4	0
interest	-70,816	-39,805	-15,052	825	3,889	873	345	247	214	138	0
cash flow from financing	-232,639	125,867	427,865	-10,843	1,835	15,208	-3,654	8,910	214	142	0
cash and cash equivalents
cash	-9,800	-1,119,506	410,743	-139,536	753,192	-65,391	138,877	38,306	-25,054	55,252	0
overdraft	0	96,592	78,750	0	0	0	0	0	0	0	0
change in cash	-9,800	-1,216,098	331,993	-139,536	753,192	-65,391	138,877	38,306	-25,054	55,252	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DESTY MARINE INTERNATIONAL LIMITED group structure

Desty Marine International Limited has no subsidiary companies.

Ultimate parent company

DESTY MARINE INTERNATIONAL LIMITED

07867507

DESTY MARINE INTERNATIONAL LIMITED Shareholders

robert william desty	33.33%
janet kathryn desty	33.33%
neil andrew desty	33.33%

Desty Marine International Limited currently has 1 director, Mr Neil Desty serving since Dec 2011.

officer	country	age	start	end	role
Mr Neil Desty	England	45 years	Dec 2011	-	Director

P&L

April 2023

turnover

4.5m

-10%

operating profit

-238.2k

gross margin

27.7%

+9.37%

turnover

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

Balance Sheet

April 2023

net assets

-479.6k

+1.81%

total assets

2.8m

+0.49%

cash

37.1k

-0.21%

net assets

Total assets minus all liabilities

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company number

07867507

Type

Private limited with Share Capital

industry

30120 - Building of pleasure and sporting boats

incorporation date

December 2011

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

desty maritime limited (May 2012)

incorporated

address

13 hursley road, chandlers ford, eastleigh, hampshire, SO53 2FW

last accounts submitted

April 2023

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 found 1 charges/mortgages relating to desty marine international limited. Currently there are 1 open charges and 0 have been satisfied in the past.

desty marine international limited Company Information

desty marine international limited Estimated Valuation

desty marine international limited Estimated Valuation

desty marine international limited Estimated Valuation

Desty Marine International Limited Overview

Desty Marine International Limited Health Check

DESTY MARINE INTERNATIONAL LIMITED financials

desty marine international limited Credit Report and Business Information

Desty Marine International Limited Competitor Analysis

desty marine international limited Ownership

desty marine international limited directors

desty marine international limited company details

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desty marine international limited Companies House Filings - See Documents