metoceanworks limited
metoceanworks limited Company Information
Company Number
08078702
Website
www.metoceanworks.comRegistered Address
office 9, dalton house, 60 windsor avenue, london, SW19 2RR
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
mr andrew watson 50%
david william quantrell 50%
metoceanworks limited Estimated Valuation
Pomanda estimates the enterprise value of METOCEANWORKS LIMITED at £292k based on a Turnover of £744.1k and 0.39x industry multiple (adjusted for size and gross margin).
metoceanworks limited Estimated Valuation
Pomanda estimates the enterprise value of METOCEANWORKS LIMITED at £419.3k based on an EBITDA of £131.2k and a 3.2x industry multiple (adjusted for size and gross margin).
metoceanworks limited Estimated Valuation
Pomanda estimates the enterprise value of METOCEANWORKS LIMITED at £405.9k based on Net Assets of £178.9k and 2.27x industry multiple (adjusted for liquidity).
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Metoceanworks Limited Overview
Metoceanworks Limited is a live company located in london, SW19 2RR with a Companies House number of 08078702. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in May 2012, it's largest shareholder is mr andrew watson with a 50% stake. Metoceanworks Limited is a established, small sized company, Pomanda has estimated its turnover at £744.1k with rapid growth in recent years.
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Metoceanworks Limited Health Check
Pomanda's financial health check has awarded Metoceanworks Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £744.1k, make it smaller than the average company (£1.8m)
- Metoceanworks Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (5.9%)
- Metoceanworks Limited
5.9% - Industry AVG
Production
with a gross margin of 24.9%, this company has a higher cost of product (44.9%)
- Metoceanworks Limited
44.9% - Industry AVG
Profitability
an operating margin of 17.6% make it more profitable than the average company (6.1%)
- Metoceanworks Limited
6.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (16)
4 - Metoceanworks Limited
16 - Industry AVG
Pay Structure
on an average salary of £49.5k, the company has an equivalent pay structure (£49.5k)
- Metoceanworks Limited
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £186k, this is more efficient (£117.8k)
- Metoceanworks Limited
£117.8k - Industry AVG
Debtor Days
it gets paid by customers after 159 days, this is later than average (56 days)
- Metoceanworks Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (32 days)
- Metoceanworks Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Metoceanworks Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Metoceanworks Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.3%, this is a lower level of debt than the average (52.7%)
47.3% - Metoceanworks Limited
52.7% - Industry AVG
METOCEANWORKS LIMITED financials
Metoceanworks Limited's latest turnover from May 2023 is estimated at £744.1 thousand and the company has net assets of £178.9 thousand. According to their latest financial statements, Metoceanworks Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4 | 4 | 4 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,443 | 10,297 | 10,473 | 2,704 | 9,423 | 12,915 | 2,199 | 3,073 | 3,098 | 1,104 | 1,056 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 13,443 | 10,297 | 10,473 | 2,704 | 9,423 | 12,915 | 2,199 | 3,073 | 3,098 | 1,104 | 1,056 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 325,671 | 172,701 | 105,965 | 92,214 | 136,955 | 152,253 | 63,291 | 20,271 | 21,648 | 30,115 | 481 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 550 | 2,133 | 759 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,792 | 8,127 | 12,706 | 10,470 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 326,221 | 174,834 | 106,724 | 92,214 | 136,955 | 152,253 | 63,291 | 26,063 | 29,775 | 42,821 | 10,951 |
| total assets | 339,664 | 185,131 | 117,197 | 94,918 | 146,378 | 165,168 | 65,490 | 29,136 | 32,873 | 43,925 | 12,007 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 160,716 | 74,421 | 47,192 | 25,768 | 58,345 | 73,566 | 13,716 | 19,614 | 20,570 | 28,234 | 10,943 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 160,716 | 74,421 | 47,192 | 25,768 | 58,345 | 73,566 | 13,716 | 19,614 | 20,570 | 28,234 | 10,943 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 12,383 | 0 | 0 | 24 | 2,000 | 17,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 17,773 | 26,809 | 42,544 | 58,279 | 0 | 601 | 9,351 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 30,156 | 26,809 | 42,544 | 58,303 | 2,000 | 17,601 | 9,351 | 0 | 0 | 0 |
| total liabilities | 160,716 | 104,577 | 74,001 | 68,312 | 116,648 | 75,566 | 31,317 | 28,965 | 20,570 | 28,234 | 10,943 |
| net assets | 178,948 | 80,554 | 43,196 | 26,606 | 29,730 | 89,602 | 34,173 | 171 | 12,303 | 15,691 | 1,064 |
| total shareholders funds | 178,948 | 80,554 | 43,196 | 26,606 | 29,730 | 89,602 | 34,173 | 171 | 12,303 | 15,691 | 1,064 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,527 | 2,220 | 815 | 527 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | |||||||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 151,387 | 68,110 | 14,510 | -44,741 | -15,298 | 88,962 | 43,020 | -1,377 | -8,467 | 29,634 | 481 |
| Creditors | 86,295 | 27,229 | 21,424 | -32,577 | -15,221 | 59,850 | -5,898 | -956 | -7,664 | 17,291 | 10,943 |
| Accruals and Deferred Income | -12,383 | 12,383 | 0 | -24 | -1,976 | -15,000 | 17,000 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -17,773 | -9,036 | -15,735 | -15,735 | 58,279 | -601 | -8,750 | 9,351 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -5,792 | -2,335 | -4,579 | 2,236 | 10,470 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -5,792 | -2,335 | -4,579 | 2,236 | 10,470 |
metoceanworks limited Credit Report and Business Information
Metoceanworks Limited Competitor Analysis
Perform a competitor analysis for metoceanworks limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in SW19 area or any other competitors across 12 key performance metrics.
metoceanworks limited Ownership
METOCEANWORKS LIMITED group structure
Metoceanworks Limited has no subsidiary companies.
Ultimate parent company
METOCEANWORKS LIMITED
08078702
metoceanworks limited directors
Metoceanworks Limited currently has 2 directors. The longest serving directors include Mr Andrew Watson (May 2012) and Mr David Quantrell (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Watson | England | 47 years | May 2012 | - | Director |
| Mr David Quantrell | United Kingdom | 45 years | Apr 2020 | - | Director |
P&L
May 2023turnover
744.1k
+84%
operating profit
131.2k
0%
gross margin
24.9%
+4.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
178.9k
+1.22%
total assets
339.7k
+0.83%
cash
0
0%
net assets
Total assets minus all liabilities
metoceanworks limited company details
company number
08078702
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
May 2012
age
12
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
SHERWIN CURRID ACCOUNTANCY LIMITED
auditor
-
address
office 9, dalton house, 60 windsor avenue, london, SW19 2RR
Bank
BARCLAYS BANK PLC
Legal Advisor
-
metoceanworks 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 did not find charges/mortgages relating to metoceanworks limited.
metoceanworks limited Companies House Filings - See Documents
| date | description | view/download |
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