stena icemax limited
stena icemax limited Company Information
Company Number
08032269
Next Accounts
Sep 2025
Shareholders
stena (uk) limited
Group Structure
View All
Industry
Sea and coastal freight water transport
Registered Address
first floor 6 arlington street, london, SW1A 1RE
Website
www.stena.co.ukstena icemax limited Estimated Valuation
Pomanda estimates the enterprise value of STENA ICEMAX LIMITED at £49.2m based on a Turnover of £32.4m and 1.52x industry multiple (adjusted for size and gross margin).
stena icemax limited Estimated Valuation
Pomanda estimates the enterprise value of STENA ICEMAX LIMITED at £160.3m based on an EBITDA of £31.9m and a 5.02x industry multiple (adjusted for size and gross margin).
stena icemax limited Estimated Valuation
Pomanda estimates the enterprise value of STENA ICEMAX LIMITED at £179.2m based on Net Assets of £130.1m and 1.38x industry multiple (adjusted for liquidity).
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Stena Icemax Limited Overview
Stena Icemax Limited is a live company located in london, SW1A 1RE with a Companies House number of 08032269. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in April 2012, it's largest shareholder is stena (uk) limited with a 100% stake. Stena Icemax Limited is a established, large sized company, Pomanda has estimated its turnover at £32.4m with rapid growth in recent years.
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Stena Icemax Limited Health Check
Pomanda's financial health check has awarded Stena Icemax Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £32.4m, make it larger than the average company (£8.3m)
£32.4m - Stena Icemax Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 82%, show it is growing at a faster rate (8.4%)
82% - Stena Icemax Limited
8.4% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
34.9% - Stena Icemax Limited
34.9% - Industry AVG
Profitability
an operating margin of -22.7% make it less profitable than the average company (11.3%)
-22.7% - Stena Icemax Limited
11.3% - Industry AVG
Employees
with 6 employees, this is below the industry average (14)
6 - Stena Icemax Limited
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Stena Icemax Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £5.4m, this is more efficient (£565k)
£5.4m - Stena Icemax Limited
£565k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Stena Icemax Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Stena Icemax Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Stena Icemax Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (13 weeks)
23 weeks - Stena Icemax Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.6%, this is a higher level of debt than the average (57.9%)
72.6% - Stena Icemax Limited
57.9% - Industry AVG
STENA ICEMAX LIMITED financials
Stena Icemax Limited's latest turnover from December 2023 is £32.4 million and the company has net assets of £130.1 million. According to their latest financial statements, Stena Icemax Limited has 6 employees and maintains cash reserves of £13.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 32,399,087 | 4,208,042 | 2,457,545 | 5,391,709 | 3,220,698 | 35,906,470 | 90,440,169 | 89,753,751 | 88,004,070 | 77,081,270 | 53,505,228 | |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | -7,364,860 | -31,480,840 | -55,092,188 | 35,752,954 | 26,645,153 | |||||||
| Interest Payable | 29,962,231 | 24,579,432 | 16,488,760 | 24,644,375 | 24,610,491 | 29,813,366 | 22,114,701 | 24,110,812 | 26,934,205 | 31,579,860 | 29,135,802 | 18,123,144 |
| Interest Receivable | 590,919 | 243,921 | 9,704 | 33,678 | 53,018 | 407,497 | 79,785 | 68,487 | 161,600 | 101,002 | 5,941 | 645 |
| Pre-Tax Profit | -36,736,171 | -55,816,351 | -71,571,244 | -251,456,178 | -80,757,811 | -99,222,494 | -37,181,452 | -103,011,158 | 14,548,673 | 10,145,474 | 6,623,094 | 8,524,590 |
| Tax | 3,313,400 | -3,872,846 | 36,197,639 | 48,061,102 | 14,891,135 | 11,392,828 | 2,715,854 | 15,257,407 | -2,500,192 | -4,411,698 | 723,576 | -2,488,060 |
| Profit After Tax | -33,422,771 | -59,689,197 | -35,373,605 | -203,395,077 | -65,866,676 | -87,829,666 | -34,465,598 | -87,753,751 | 12,048,480 | 5,733,776 | 7,346,669 | 6,036,530 |
| Dividends Paid | ||||||||||||
| Retained Profit | -33,422,771 | -59,689,197 | -35,373,605 | -203,395,077 | -65,866,676 | -87,829,666 | -34,465,598 | -87,753,751 | 12,048,480 | 5,733,776 | 7,346,669 | 6,036,530 |
| Employee Costs | ||||||||||||
| Number Of Employees | 6 | 6 | ||||||||||
| EBITDA* | 31,931,702 | 4,242,662 | -6,283,358 | 76,711,560 | 53,290,306 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 363,675,348 | 394,675,426 | 385,114,830 | 417,448,480 | 539,686,130 | 666,052,159 | 676,829,133 | 657,908,426 | 824,301,654 | 850,468,832 | 781,703,307 | 800,964,889 |
| Intangible Assets | ||||||||||||
| Investments & Other | 54,072,704 | 60,761,665 | 101,132,945 | 71,300,617 | 30,477,874 | 27,751,426 | 22,222,924 | 17,100,423 | ||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 417,748,053 | 455,437,092 | 486,247,776 | 488,749,098 | 570,164,004 | 693,803,586 | 699,052,058 | 675,008,850 | 824,301,654 | 850,468,832 | 781,703,308 | 800,964,890 |
| Stock & work in progress | 152,030 | 1,354,342 | 398,926 | |||||||||
| Trade Debtors | ||||||||||||
| Group Debtors | 43,510,110 | 46,729,876 | 26,672,327 | 28,397,883 | 17,566,803 | 7,051,344 | 462,121 | 13,565,986 | 13,565,986 | 15,348,609 | 12,881,758 | 14,184,200 |
| Misc Debtors | 12,589 | 7,081 | 2,426 | 17,640 | 72,105 | 22,819 | 9,479 | 323,970 | 31,657 | 155,146 | 6,193,365 | |
| Cash | 13,281,926 | 2,339,287 | 239,366 | 7,593,617 | 6,724,869 | 9,325,998 | 4,723,912 | 949,596 | 15,059,638 | 15,534,786 | 24,462,930 | 19,514,005 |
| misc current assets | ||||||||||||
| total current assets | 56,804,627 | 49,076,245 | 27,066,149 | 37,363,483 | 24,363,778 | 16,400,163 | 5,594,439 | 14,839,554 | 28,625,625 | 30,915,052 | 37,499,835 | 39,891,571 |
| total assets | 474,552,679 | 504,513,337 | 513,313,925 | 526,112,581 | 594,527,782 | 710,203,749 | 704,646,497 | 689,848,403 | 852,927,280 | 881,383,885 | 819,203,143 | 840,856,461 |
| Bank overdraft | 1 | 1 | 58,093,159 | 55,224,922 | 48,685,848 | 56,130,399 | 1 | 1,405,744 | 345,944 | 11,617 | ||
| Bank loan | 27,867,652 | 55,734,518 | 57,280,446 | 54,374,753 | 52,968,834 | 52,998,845 | 51,912,263 | 45,468,409 | ||||
| Trade Creditors | ||||||||||||
| Group/Directors Accounts | 1,701,157 | 1,394,288 | 7,633,835 | 401,732 | 3,215,750 | 6,035,045 | 2,064,144 | 1,693,728 | 15,889,958 | 17,150,825 | 316,234 | 18,231,574 |
| other short term finances | 45,704,143 | |||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 358,800 | 1,009,520 | 1,110,302 | 2,444,070 | 2,698,289 | 3,333,333 | 3,238,802 | 3,018,853 | 3,950,750 | 5,009,421 | 6,022,314 | 12,334,452 |
| total current liabilities | 29,927,610 | 58,138,327 | 124,117,742 | 58,070,724 | 54,599,887 | 65,498,778 | 59,677,700 | 57,681,416 | 72,839,554 | 75,478,254 | 52,152,902 | 76,281,786 |
| loans | 314,477,929 | 282,805,098 | 322,286,915 | 366,620,158 | 430,259,437 | 442,331,703 | 482,176,317 | 440,009,234 | 492,975,759 | 589,805,532 | 588,479,566 | 597,185,362 |
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 7,200,461 | 6,491,294 | ||||||||||
| total long term liabilities | 314,477,929 | 282,805,099 | 322,286,916 | 366,620,159 | 430,259,437 | 442,331,703 | 482,176,317 | 440,009,234 | 500,176,222 | 596,296,827 | 588,479,567 | 597,185,362 |
| total liabilities | 344,405,539 | 340,943,426 | 446,404,658 | 424,690,883 | 484,859,324 | 507,830,481 | 541,854,017 | 497,690,650 | 573,015,775 | 671,775,081 | 640,632,468 | 673,467,149 |
| net assets | 130,147,140 | 163,569,911 | 66,909,267 | 101,421,698 | 109,668,458 | 202,373,268 | 162,792,480 | 192,157,753 | 279,911,504 | 209,608,804 | 178,570,674 | 167,389,312 |
| total shareholders funds | 130,147,140 | 163,569,911 | 66,909,267 | 101,421,698 | 109,668,458 | 202,373,268 | 162,792,480 | 192,157,753 | 279,911,504 | 209,608,804 | 178,570,674 | 167,389,312 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -7,364,860 | -31,480,840 | -55,092,188 | 35,752,954 | 26,645,153 | |||||||
| Depreciation | 39,296,561 | 35,080,652 | 47,222,222 | 53,674,124 | 44,805,599 | 47,067,645 | 43,614,030 | 46,033,090 | 47,499,038 | 45,860,406 | 40,958,606 | 26,645,153 |
| Amortisation | 642,851 | 1,586,608 | 1,573,249 | |||||||||
| Tax | 3,313,400 | -3,872,846 | 36,197,639 | 48,061,102 | 14,891,135 | 11,392,828 | 2,715,854 | 15,257,407 | -2,500,192 | -4,411,698 | 723,576 | -2,488,060 |
| Stock | -152,030 | -1,202,312 | 1,354,342 | -398,926 | 398,926 | |||||||
| Debtors | -3,214,258 | 20,062,205 | -1,740,771 | 10,776,616 | 10,564,744 | 6,602,563 | -13,418,356 | 323,971 | -1,814,280 | 2,343,362 | -7,340,661 | 20,377,565 |
| Creditors | ||||||||||||
| Accruals and Deferred Income | -650,720 | -100,782 | -1,333,768 | -254,219 | -635,044 | 94,531 | 219,949 | -931,897 | -1,058,671 | -1,012,893 | -6,312,138 | 12,334,452 |
| Deferred Taxes & Provisions | -7,200,461 | 709,167 | 6,491,294 | |||||||||
| Cash flow from operations | 37,808,639 | -19,641,140 | 31,523,596 | 78,463,659 | 42,759,133 | |||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -6,688,961 | -40,371,280 | 29,832,328 | 40,822,744 | 2,726,447 | 5,528,502 | 5,122,501 | 17,100,423 | ||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -27,866,866 | -1,545,928 | 57,280,446 | -54,374,753 | 1,405,919 | -30,011 | 1,086,582 | 6,443,854 | 45,468,409 | |||
| Group/Directors Accounts | 306,869 | -6,239,547 | 7,232,103 | -2,814,018 | -2,819,295 | 3,970,901 | 370,416 | -14,196,229 | -1,260,868 | 16,834,591 | -17,915,339 | 18,231,574 |
| Other Short Term Loans | -45,704,143 | 45,704,143 | ||||||||||
| Long term loans | 31,672,831 | -39,481,817 | -44,333,243 | -63,639,279 | -12,072,266 | -39,844,614 | 42,167,083 | -52,966,525 | -96,829,773 | 1,325,966 | -8,705,796 | 597,185,362 |
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -29,371,312 | -24,335,511 | -16,479,056 | -24,610,697 | -24,557,473 | -29,405,869 | -22,034,916 | -24,042,325 | -26,772,605 | -31,478,858 | -29,129,861 | -18,122,499 |
| cash flow from financing | -25,258,478 | 84,747,038 | 4,561,424 | 104,084,324 | -66,287,169 | 7,756,119 | 27,008,827 | -91,235,090 | -65,522,443 | 18,429,907 | -52,152,037 | 804,351,362 |
| cash and cash equivalents | ||||||||||||
| cash | 10,942,639 | 2,099,921 | -7,354,251 | 868,748 | -2,601,129 | 4,602,087 | 3,774,316 | -14,110,042 | -475,147 | -8,928,144 | 4,948,925 | 19,514,005 |
| overdraft | -58,093,158 | 2,868,237 | 6,539,074 | -7,444,551 | 56,130,399 | -1 | -1,405,743 | 1,059,800 | 334,327 | 11,617 | ||
| change in cash | 10,942,639 | 60,193,079 | -10,222,488 | -5,670,326 | 4,843,422 | -51,528,312 | 3,774,316 | -14,110,041 | 930,596 | -9,987,944 | 4,614,598 | 19,502,388 |
stena icemax limited Credit Report and Business Information
Stena Icemax Limited Competitor Analysis
Perform a competitor analysis for stena icemax limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in SW1A area or any other competitors across 12 key performance metrics.
stena icemax limited Ownership
STENA ICEMAX LIMITED group structure
Stena Icemax Limited has no subsidiary companies.
Ultimate parent company
STENA AB
#0005521
2 parents
STENA ICEMAX LIMITED
08032269
stena icemax limited directors
Stena Icemax Limited currently has 6 directors. The longest serving directors include Mr Michael Percy (Apr 2012) and Mr Mikael Stenvaller (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Percy | England | 75 years | Apr 2012 | - | Director |
| Mr Mikael Stenvaller | England | 51 years | Apr 2015 | - | Director |
| Mr Ian Hampton | England | 44 years | Sep 2016 | - | Director |
| Mr Mauro Mattiuzzo | England | 67 years | Dec 2017 | - | Director |
| Ms Annika Hult | England | 51 years | Jan 2021 | - | Director |
| Mr Sindo Fernandez-Ares | England | 51 years | May 2021 | - | Director |
P&L
December 2023turnover
32.4m
+670%
operating profit
-7.4m
-77%
gross margin
34.9%
-0.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
130.1m
-0.2%
total assets
474.6m
-0.06%
cash
13.3m
+4.68%
net assets
Total assets minus all liabilities
stena icemax limited company details
company number
08032269
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
first floor 6 arlington street, london, SW1A 1RE
Bank
-
Legal Advisor
-
stena icemax 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 found 8 charges/mortgages relating to stena icemax limited. Currently there are 8 open charges and 0 have been satisfied in the past.
stena icemax limited 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.
Click to start generating capital raising & share issue transactions for STENA ICEMAX LIMITED. This can take several minutes, an email will notify you when this has completed.
stena icemax limited Companies House Filings - See Documents
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