common seas c.i.c.
common seas c.i.c. Company Information
Group Structure
View All
Industry
Environmental consulting activities
Registered Address
exeter science park babbage way, clyst honiton, exeter, EX5 2FN
Website
commonseas.comcommon seas c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMON SEAS C.I.C. at £1.6m based on a Turnover of £2.2m and 0.75x industry multiple (adjusted for size and gross margin).
common seas c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMON SEAS C.I.C. at £0 based on an EBITDA of £-33.9k and a 6.78x industry multiple (adjusted for size and gross margin).
common seas c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of COMMON SEAS C.I.C. at £1.1m based on Net Assets of £478.4k and 2.38x industry multiple (adjusted for liquidity).
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Common Seas C.i.c. Overview
Common Seas C.i.c. is a live company located in exeter, EX5 2FN with a Companies House number of 08524506. It operates in the environmental consulting activities sector, SIC Code 74901. Founded in May 2013, it's largest shareholder is unknown. Common Seas C.i.c. is a established, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.
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Common Seas C.i.c. Health Check
Pomanda's financial health check has awarded Common Seas C.I.C. a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £2.2m, make it larger than the average company (£881.6k)
£2.2m - Common Seas C.i.c.
£881.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (15.6%)
15% - Common Seas C.i.c.
15.6% - Industry AVG
Production
with a gross margin of 61.2%, this company has a lower cost of product (44.4%)
61.2% - Common Seas C.i.c.
44.4% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (6.3%)
-1.7% - Common Seas C.i.c.
6.3% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (10)
8 - Common Seas C.i.c.
10 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Common Seas C.i.c.
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £269.8k, this is more efficient (£96.2k)
£269.8k - Common Seas C.i.c.
£96.2k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (55 days)
5 days - Common Seas C.i.c.
55 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (21 days)
48 days - Common Seas C.i.c.
21 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (11 days)
0 days - Common Seas C.i.c.
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 132 weeks, this is more cash available to meet short term requirements (38 weeks)
132 weeks - Common Seas C.i.c.
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37%, this is a lower level of debt than the average (55.3%)
37% - Common Seas C.i.c.
55.3% - Industry AVG
COMMON SEAS C.I.C. financials
Common Seas C.I.C.'s latest turnover from December 2023 is £2.2 million and the company has net assets of £478.4 thousand. According to their latest financial statements, Common Seas C.I.C. has 8 employees and maintains cash reserves of £715.4 thousand 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 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,158,403 | 1,887,762 | 1,520,194 | 1,409,720 | 1,085,750 | 463,828 | 3,645 | 54,066 | 10,000 | 36,000 | |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 836,772 | 775,848 | 456,555 | 254,288 | 433,597 | 227,567 | 22,600 | ||||
| Gross Profit | 1,321,631 | 1,111,914 | 1,063,639 | 1,155,432 | 652,153 | 236,261 | -18,955 | ||||
| Admin Expenses | 839,873 | 351,343 | 226,043 | 10,018 | 3,151 | ||||||
| Operating Profit | 315,559 | 300,810 | 10,218 | -10,018 | -22,106 | 36,957 | 13,917 | 31,276 | |||
| Interest Payable | 247 | 208 | 3,505 | 931 | 10 | 7 | |||||
| Interest Receivable | 20 | 31 | 49 | 28 | |||||||
| Pre-Tax Profit | -947 | -167,216 | 2,098 | 312,054 | 299,879 | 10,218 | -10,018 | -22,086 | 36,988 | 13,868 | 31,304 |
| Tax | -4 | -6 | -5 | ||||||||
| Profit After Tax | -947 | -167,216 | 2,098 | 312,054 | 299,879 | 10,218 | -10,018 | -22,090 | 36,982 | 13,868 | 31,299 |
| Dividends Paid | |||||||||||
| Retained Profit | -947 | -167,216 | 2,098 | 312,054 | 299,879 | 10,218 | -10,018 | -22,090 | 36,982 | 13,868 | 31,299 |
| Employee Costs | 726,509 | 733,876 | 712,999 | 258,766 | 149,684 | 7,100 | 8,144 | 10,060 | |||
| Number Of Employees | 8 | 11 | 12 | 10 | 3 | 3 | 2 | 2 | |||
| EBITDA* | 317,638 | 301,910 | 10,762 | -9,972 | -22,022 | 37,063 | 14,066 | 31,276 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,934 | 14,560 | 11,707 | 9,633 | 3,643 | 2,326 | 137 | 183 | 268 | 374 | 524 |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 9,934 | 14,560 | 11,707 | 9,633 | 3,643 | 2,326 | 137 | 183 | 268 | 374 | 524 |
| Stock & work in progress | 1 | 6,634 | 6,634 | 11,081 | 29,370 | ||||||
| Trade Debtors | 34,242 | 119,273 | 435,498 | 578,560 | 99,051 | 4,760 | |||||
| Group Debtors | |||||||||||
| Misc Debtors | 4,624 | 30,472 | 23,650 | 50,000 | |||||||
| Cash | 715,439 | 676,153 | 564,386 | 59,825 | 228,386 | 23,663 | 33,597 | 42,927 | 64,928 | 27,834 | 32,182 |
| misc current assets | |||||||||||
| total current assets | 749,682 | 802,060 | 1,011,142 | 679,938 | 380,457 | 78,423 | 33,597 | 42,927 | 64,928 | 27,834 | 32,182 |
| total assets | 759,616 | 816,620 | 1,022,849 | 689,571 | 384,100 | 80,749 | 33,734 | 43,110 | 65,196 | 28,208 | 32,706 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 110,954 | 95,180 | 56,995 | 19,519 | 27,712 | 5,449 | |||||
| Group/Directors Accounts | 10,322 | 10,322 | 322 | ||||||||
| other short term finances | 8,887 | 4,517 | |||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 161,384 | 237,585 | 319,301 | 25,596 | 23,986 | 42,777 | 11,429 | 10,787 | 461 | 455 | 1,085 |
| total current liabilities | 281,225 | 337,282 | 376,296 | 45,115 | 51,698 | 48,226 | 11,429 | 10,787 | 10,783 | 10,777 | 1,407 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | |||||||||||
| total liabilities | 281,225 | 337,282 | 376,296 | 45,115 | 51,698 | 48,226 | 11,429 | 10,787 | 10,783 | 10,777 | 1,407 |
| net assets | 478,391 | 479,338 | 646,553 | 644,456 | 332,402 | 32,523 | 22,305 | 32,323 | 54,413 | 17,431 | 31,299 |
| total shareholders funds | 478,391 | 479,338 | 646,553 | 644,456 | 332,402 | 32,523 | 22,305 | 32,323 | 54,413 | 17,431 | 31,299 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 315,559 | 300,810 | 10,218 | -10,018 | -22,106 | 36,957 | 13,917 | 31,276 | |||
| Depreciation | 2,817 | 3,874 | 2,722 | 2,079 | 1,100 | 544 | 46 | 84 | 106 | 149 | |
| Amortisation | |||||||||||
| Tax | -4 | -6 | -5 | ||||||||
| Stock | -6,633 | -4,447 | -18,289 | 29,370 | |||||||
| Debtors | -85,031 | -320,849 | -168,910 | 486,331 | 67,941 | 54,760 | |||||
| Creditors | 15,774 | 38,185 | 37,476 | -8,193 | 22,263 | 5,449 | |||||
| Accruals and Deferred Income | -76,201 | -81,716 | 293,705 | 1,610 | -18,791 | 31,348 | 10,968 | 10,326 | 6 | -630 | 1,085 |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -156,987 | 208,071 | -7,201 | 996 | -11,700 | 37,063 | 13,436 | ||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -10,322 | -10,322 | 10,000 | 322 | |||||||
| Other Short Term Loans | 4,370 | 4,517 | |||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -247 | -208 | -3,505 | -931 | -10 | -7 | 20 | 31 | |||
| cash flow from financing | 4,123 | 4,310 | -1 | -3,505 | -931 | -10 | -32,419 | -10,302 | 31 | ||
| cash and cash equivalents | |||||||||||
| cash | 39,286 | 111,767 | 504,561 | -168,561 | 204,723 | -9,934 | -31,331 | -22,001 | 37,094 | -4,348 | 32,182 |
| overdraft | |||||||||||
| change in cash | 39,286 | 111,767 | 504,561 | -168,561 | 204,723 | -9,934 | -31,331 | -22,001 | 37,094 | -4,348 | 32,182 |
common seas c.i.c. Credit Report and Business Information
Common Seas C.i.c. Competitor Analysis
Perform a competitor analysis for common seas c.i.c. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EX5 area or any other competitors across 12 key performance metrics.
common seas c.i.c. Ownership
COMMON SEAS C.I.C. group structure
Common Seas C.I.C. has no subsidiary companies.
Ultimate parent company
COMMON SEAS C.I.C.
08524506
common seas c.i.c. directors
Common Seas C.I.C. currently has 2 directors. The longest serving directors include Mr Simon Harrison (Jun 2018) and Mrs Charlotte Davies (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Harrison | United Kingdom | 58 years | Jun 2018 | - | Director |
| Mrs Charlotte Davies | 47 years | May 2024 | - | Director |
P&L
December 2023turnover
2.2m
+14%
operating profit
-36.7k
0%
gross margin
61.3%
+3.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
478.4k
0%
total assets
759.6k
-0.07%
cash
715.4k
+0.06%
net assets
Total assets minus all liabilities
common seas c.i.c. company details
company number
08524506
Type
Private Ltd By Guarantee w/o Share Cap
industry
74901 - Environmental consulting activities
incorporation date
May 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
HENRY AND BANWELL LIMITED
auditor
-
address
exeter science park babbage way, clyst honiton, exeter, EX5 2FN
Bank
-
Legal Advisor
-
common seas c.i.c. 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 common seas c.i.c..
common seas c.i.c. 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 COMMON SEAS C.I.C.. This can take several minutes, an email will notify you when this has completed.
common seas c.i.c. Companies House Filings - See Documents
| date | description | view/download |
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