Ecospeed Marine Ltd

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ecospeed marine ltd Company Information

Company Number

08075180

Next Accounts

1197 days late

Directors

Anne Duncan

Ian Duncan

Shareholders

ecospeed marine (holdings) limited

Group Structure

View All

Industry

Other business support service activities n.e.c.

Registered Address

moorgate house, 201 silbury boulevard, milton keynes, MK9 1LZ

Website

www.ecospeedmarine.com

ecospeed marine ltd Estimated Valuation

£456.5k

Pomanda estimates the enterprise value of ECOSPEED MARINE LTD at £456.5k based on Net Assets of £214k and 2.13x industry multiple (adjusted for liquidity).

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Ecospeed Marine Ltd is a live company located in milton keynes, MK9 1LZ with a Companies House number of 08075180. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2012, it's largest shareholder is ecospeed marine (holdings) limited with a 100% stake. Ecospeed Marine Ltd is a established, micro sized company, Pomanda has estimated its turnover at £227.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Ecospeed Marine Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

4 Weak

Size

annual sales of £227.2k, make it smaller than the average company (£2.1m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.4%)

EXPORT

Ecospeed Marine Ltd's latest turnover from March 2020 is estimated at £227.2 thousand and the company has net assets of £214 thousand. According to their latest financial statements, Ecospeed Marine Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Turnover	227,183	220,407	322,073	154,502	463,299	197,032
Other Income Or Grants
Cost Of Sales	140,759	137,169	198,128	95,233	293,260	125,981
Gross Profit	86,424	83,238	123,945	59,269	170,039	71,051
Admin Expenses	73,315	-170,826	20,695	-35,371	151,741	99,525
Operating Profit	13,109	254,064	103,250	94,640	18,298	-28,474
Interest Payable	1,914	1,180	1,516	691	925	925
Interest Receivable				71	145	2
Pre-Tax Profit	11,195	252,884	101,733	94,020	17,519	-29,396
Tax	-2,127	-48,048	-19,329	-18,804	-3,504
Profit After Tax	9,068	204,836	82,404	75,216	14,015	-29,396
Dividends Paid
Retained Profit	9,068	204,836	82,404	75,216	14,015	-29,396
Employee Costs	79,548	77,136	114,266	76,361	152,149	75,564
Number Of Employees	2	2	3	2	4	2
EBITDA*	14,376	255,158	104,731	94,640	19,105	-27,694

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Tangible Assets	69	649	1,628	2,885	2,404	2,340
Intangible Assets	232,561	213,248	155,843
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	232,630	213,897	157,471	2,885	2,404	2,340
Stock & work in progress	45,000	45,000
Trade Debtors					65,232	23,556
Group Debtors	1,735	12,125
Misc Debtors		1,269	84,354	177,370
Cash					57,153	994
misc current assets
total current assets	46,735	58,394	84,354	177,370	122,385	24,550
total assets	279,365	272,291	241,825	180,255	124,789	26,890
Bank overdraft	27,791	34,950	24,529	22,124
Bank loan
Trade Creditors	23,007	21,242	38,725	23,344	47,106	27,740
Group/Directors Accounts			17,834
other short term finances
hp & lease commitments
other current liabilities	14,563	11,163	18,398	14,076
total current liabilities	65,361	67,355	99,486	59,544	47,106	27,740
loans						28,446
hp & lease commitments
Accruals and Deferred Income
other liabilities				60,776	92,964
provisions
total long term liabilities				60,776	92,964	28,446
total liabilities	65,361	67,355	99,486	120,320	140,070	56,186
net assets	214,004	204,936	142,339	59,935	-15,281	-29,296
total shareholders funds	214,004	204,936	142,339	59,935	-15,281	-29,296

	Mar 2020	Mar 2019	Nov 2017	Nov 2016	Nov 2015	Nov 2014
Operating Activities
Operating Profit	13,109	254,064	103,250	94,640	18,298	-28,474
Depreciation	580	979	1,481		807	780
Amortisation	687	115
Tax	-2,127	-48,048	-19,329	-18,804	-3,504
Stock		45,000
Debtors	-11,659	13,394	-93,016	112,138	41,676	23,556
Creditors	1,765	21,242	15,381	-23,762	19,366	27,740
Accruals and Deferred Income	3,400	11,163	4,322	14,076
Deferred Taxes & Provisions
Cash flow from operations	29,073	181,121	198,121	-45,988	-6,709	-23,510
Investing Activities
capital expenditure	-20,000	-214,991	-156,067	-481	-871	-3,120
Change in Investments
cash flow from investments	-20,000	-214,991	-156,067	-481	-871	-3,120
Financing Activities
Bank loans
Group/Directors Accounts			17,834
Other Short Term Loans
Long term loans					-28,446	28,446
Hire Purchase and Lease Commitments
other long term liabilities			-60,776	-32,188	92,964
share issue		100				100
interest	-1,914	-1,180	-1,516	-620	-780	-923
cash flow from financing	-1,914	-1,080	-44,458	-32,808	63,738	27,623
cash and cash equivalents
cash				-57,153	56,159	994
overdraft	-7,159	34,950	2,405	22,124
change in cash	7,159	-34,950	-2,405	-79,277	56,159	994

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ecospeed marine ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in MK9 area or any other competitors across 12 key performance metrics.

ECOSPEED MARINE LTD group structure

Ecospeed Marine Ltd has no subsidiary companies.

Ultimate parent company

ECOSPEED MARINE (HOLDINGS) LIMITED

10150045

1 parent

ECOSPEED MARINE LTD

08075180

ECOSPEED MARINE LTD Shareholders

ecospeed marine (holdings) limited

100%

Ecospeed Marine Ltd currently has 2 directors. The longest serving directors include Mrs Anne Duncan (Sep 2012) and Mr Ian Duncan (Sep 2012).

officer	country	age	start	end	role
Mrs Anne Duncan	England	91 years	Sep 2012	-	Director
Mr Ian Duncan	England	84 years	Sep 2012	-	Director

P&L

March 2020

turnover

227.2k

+3%

operating profit

13.1k

gross margin

38.1%

+0.73%

turnover

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

Balance Sheet

March 2020

net assets

214k

+0.04%

total assets

279.4k

+0.03%

cash

net assets

Total assets minus all liabilities

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company number

08075180

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2012

ultimate parent company

ECOSPEED MARINE (HOLDINGS) LIMITED

previous names

N/A

address

moorgate house, 201 silbury boulevard, milton keynes, MK9 1LZ

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 ecospeed marine ltd.

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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ecospeed marine ltd Company Information

ecospeed marine ltd Estimated Valuation

ecospeed marine ltd Estimated Valuation

ecospeed marine ltd Estimated Valuation

Ecospeed Marine Ltd Overview

Ecospeed Marine Ltd Health Check

ECOSPEED MARINE LTD financials

ecospeed marine ltd Credit Report and Business Information

Ecospeed Marine Ltd Competitor Analysis

ecospeed marine ltd Ownership

ecospeed marine ltd directors

ecospeed marine ltd company details

ecospeed marine ltd Charges & Mortgages

ecospeed marine ltd Capital Raised & Share Issues BETA

ecospeed marine ltd Companies House Filings - See Documents