Solent Transport Services Limited

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solent transport services limited Company Information

Live

EstablishedSmallDeclining

Company Number

08441955

Website

www.solent-transport.co.uk

Registered Address

14 freshfield road, freemantle, southampton, SO15 8QX

Industry

Freight transport by road

Telephone

02380000787

Next Accounts Due

December 2024

Group Structure

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Directors

Michael Lewry11 Years

Michael Meads8 Years

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Shareholders

lisa lewry 33.3%

michael james lewry 33.3%

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solent transport services limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of SOLENT TRANSPORT SERVICES LIMITED at £1.5m based on a Turnover of £3.7m and 0.41x industry multiple (adjusted for size and gross margin).

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Solent Transport Services Limited is a live company located in southampton, SO15 8QX with a Companies House number of 08441955. It operates in the freight transport by road sector, SIC Code 49410. Founded in March 2013, it's largest shareholder is lisa lewry with a 33.3% stake. Solent Transport Services Limited is a established, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Solent Transport Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£10m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLENT TRANSPORT SERVICES LIMITED group structure

Solent Transport Services Limited has no subsidiary companies.

Ultimate parent company

SOLENT TRANSPORT SERVICES LIMITED

08441955

SOLENT TRANSPORT SERVICES LIMITED Shareholders

lisa lewry	33.33%
michael james lewry	33.33%
nyree meads	16.67%
michael colin meads	16.67%

Solent Transport Services Limited currently has 3 directors. The longest serving directors include Mr Michael Lewry (Mar 2013) and Mr Michael Meads (Mar 2016).

officer	age	start	end	role
Mr Michael Lewry	58 years	Mar 2013	-	Director
Mr Michael Meads	59 years	Mar 2016	-	Director
Mr Steven Vaughan	44 years	Jul 2023	-	Director

EXPORT

Solent Transport Services Limited's latest turnover from March 2023 is estimated at £3.7 million and the company has net assets of £426.2 thousand. According to their latest financial statements, Solent Transport Services Limited has 26 employees and maintains cash reserves of £74.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	3,651,841	6,335,846	5,667,574	4,416,161	4,729,899	3,690,563	2,719,234	2,062,182	2,874,780	1,419,468
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,866,722	4,992,756	4,529,060	3,541,487	3,814,979	2,951,104	2,154,332	1,647,243	2,322,625	1,152,340
Gross Profit	785,120	1,343,090	1,138,514	874,674	914,920	739,459	564,902	414,939	552,156	267,129
Admin Expenses	965,675	670,008	1,020,202	930,833	887,129	563,163	493,197	445,678	546,577	260,755
Operating Profit	-180,555	673,082	118,312	-56,159	27,791	176,296	71,705	-30,739	5,579	6,374
Interest Payable	35,627	39,058	47,389	51,937	32,466	0	0	0	0	0
Interest Receivable	3,452	535	57	72	769	399	69	89	61	13
Pre-Tax Profit	-212,730	634,559	70,980	-108,023	-3,906	176,695	71,774	-30,650	5,641	6,387
Tax	0	-120,566	-13,486	0	0	-33,572	-14,355	0	-1,185	-1,469
Profit After Tax	-212,730	513,993	57,494	-108,023	-3,906	143,123	57,419	-30,650	4,456	4,918
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-212,730	513,993	57,494	-108,023	-3,906	143,123	57,419	-30,650	4,456	4,918
Employee Costs	1,020,575	1,885,569	964,068	1,093,075	837,581	743,759	607,724	535,194	759,804	387,508
Number Of Employees	26	51	28	32	25	23	19	17	25	13
EBITDA*	-180,555	673,082	160,397	-8,603	54,917	182,895	77,351	-27,977	7,267	6,652

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	385,994	341,313	410,487	201,405	431,270	26,289	9,525	3,590	5,938	1,074
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	385,994	341,313	410,487	201,405	431,270	26,289	9,525	3,590	5,938	1,074
Stock & work in progress	8,107	9,469	10,088	7,890	10,455	6,960	7,590	5,788	6,127	0
Trade Debtors	837,213	1,623,446	1,460,829	1,048,729	1,314,085	992,825	688,174	473,915	442,528	205,759
Group Debtors	0	0	0	115,005	2,077	0	0	0	0	0
Misc Debtors	208,568	118,428	85,034	0	215,819	56,813	71,239	68,719	0	0
Cash	74,185	88,259	54,515	60,143	84,134	120,890	38,714	16,184	19,268	5,281
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,128,073	1,839,602	1,610,466	1,231,767	1,626,570	1,177,488	805,717	564,606	467,923	211,040
total assets	1,514,067	2,180,915	2,020,953	1,433,172	2,057,840	1,203,777	815,242	568,196	473,861	212,114
Bank overdraft	199,812	344,406	807,109	700,807	961,962	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	208,666	350,747	443,457	276,897	306,606	244,013	181,117	155,121	464,387	207,096
Group/Directors Accounts	0	0	0	0	14,506	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	127,651	120,656	111,994	29,934	97,434	0	0	0	0	0
other current liabilities	277,660	550,731	218,448	192,452	166,519	780,398	597,882	434,251	0	0
total current liabilities	813,789	1,366,540	1,581,008	1,200,090	1,547,027	1,024,411	778,999	589,372	464,387	207,096
loans	150,950	0	5,759	40,070	0	0	0	0	0	0
hp & lease commitments	49,835	110,601	231,262	87,308	279,877	0	0	0	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	73,339	64,850	77,993	38,267	55,476	0	0	0	0	0
total long term liabilities	274,124	175,451	315,014	165,645	335,353	0	0	0	0	0
total liabilities	1,087,913	1,541,991	1,896,022	1,365,735	1,882,380	1,024,411	778,999	589,372	464,387	207,096
net assets	426,154	638,924	124,931	67,437	175,460	179,366	36,243	-21,176	9,474	5,018
total shareholders funds	426,154	638,924	124,931	67,437	175,460	179,366	36,243	-21,176	9,474	5,018

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-180,555	673,082	118,312	-56,159	27,791	176,296	71,705	-30,739	5,579	6,374
Depreciation	0	0	42,085	47,556	27,126	6,599	5,646	2,762	1,688	278
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-120,566	-13,486	0	0	-33,572	-14,355	0	-1,185	-1,469
Stock	-1,362	-619	2,198	-2,565	3,495	-630	1,802	-339	6,127	0
Debtors	-696,093	196,011	382,129	-368,247	482,343	290,225	216,779	100,106	236,769	205,759
Creditors	-142,081	-92,710	166,560	-29,709	62,593	62,896	25,996	-309,266	257,291	207,096
Accruals and Deferred Income	-273,071	332,283	25,996	25,933	-613,879	182,516	163,631	434,251	0	0
Deferred Taxes & Provisions	8,489	-13,143	39,726	-17,209	55,476	0	0	0	0	0
Cash flow from operations	110,237	583,554	-5,134	341,224	-926,731	105,140	34,042	-2,759	20,477	6,520
Investing Activities
capital expenditure	-44,681	69,174	-251,167	182,309	-432,107	-23,363	-11,581	-414	-6,552	-1,352
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-44,681	69,174	-251,167	182,309	-432,107	-23,363	-11,581	-414	-6,552	-1,352
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-14,506	14,506	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	150,950	-5,759	-34,311	40,070	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-53,771	-111,999	226,014	-260,069	377,311	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	-40	0	0	0	0	0	0	0	0	100
interest	-32,175	-38,523	-47,332	-51,865	-31,697	399	69	89	61	13
cash flow from financing	64,964	-156,281	144,371	-286,370	360,120	399	69	89	61	113
cash and cash equivalents
cash	-14,074	33,744	-5,628	-23,991	-36,756	82,176	22,530	-3,084	13,987	5,281
overdraft	-144,594	-462,703	106,302	-261,155	961,962	0	0	0	0	0
change in cash	130,520	496,447	-111,930	237,164	-998,718	82,176	22,530	-3,084	13,987	5,281

P&L

March 2023

turnover

3.7m

-42%

operating profit

-180.6k

gross margin

21.5%

+1.42%

turnover

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

Balance Sheet

March 2023

net assets

426.2k

-0.33%

total assets

1.5m

-0.31%

cash

74.2k

-0.16%

net assets

Total assets minus all liabilities

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company number

08441955

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

March 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

14 freshfield road, freemantle, southampton, SO15 8QX

last accounts submitted

March 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 did not find charges/mortgages relating to solent transport services limited.

solent transport services limited Company Information

solent transport services limited Estimated Valuation

solent transport services limited Estimated Valuation

solent transport services limited Estimated Valuation

Solent Transport Services Limited AI Business Plan

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