marco island developments limited
marco island developments limited Company Information
Company Number
08878682
Website
-Registered Address
first floor, unit 1b, st. georges business centre, portsmouth, PO1 3EY
Industry
Buying and selling of own real estate
Development of building projects
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Simon Brock10 Years
Shareholders
graham nicholas hazell 46%
simon christopher brock 30%
View Allmarco island developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARCO ISLAND DEVELOPMENTS LIMITED at £1.3m based on a Turnover of £904.3k and 1.48x industry multiple (adjusted for size and gross margin).
marco island developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARCO ISLAND DEVELOPMENTS LIMITED at £11.2m based on an EBITDA of £2.3m and a 4.94x industry multiple (adjusted for size and gross margin).
marco island developments limited Estimated Valuation
Pomanda estimates the enterprise value of MARCO ISLAND DEVELOPMENTS LIMITED at £4.6m based on Net Assets of £3.6m and 1.29x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Marco Island Developments Limited Overview
Marco Island Developments Limited is a live company located in portsmouth, PO1 3EY with a Companies House number of 08878682. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2014, it's largest shareholder is graham nicholas hazell with a 46% stake. Marco Island Developments Limited is a established, small sized company, Pomanda has estimated its turnover at £904.3k with declining growth in recent years.
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Marco Island Developments Limited Health Check
Pomanda's financial health check has awarded Marco Island Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £904.3k, make it smaller than the average company (£1.6m)
- Marco Island Developments Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (1.7%)
- Marco Island Developments Limited
1.7% - Industry AVG
Production
with a gross margin of 48%, this company has a comparable cost of product (48%)
- Marco Island Developments Limited
48% - Industry AVG
Profitability
an operating margin of 248.5% make it more profitable than the average company (26.3%)
- Marco Island Developments Limited
26.3% - Industry AVG
Employees
with 12 employees, this is above the industry average (5)
12 - Marco Island Developments Limited
5 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.9k)
- Marco Island Developments Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £75.4k, this is less efficient (£239.6k)
- Marco Island Developments Limited
£239.6k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (28 days)
- Marco Island Developments Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (32 days)
- Marco Island Developments Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 2163 days, this is more than average (292 days)
- Marco Island Developments Limited
292 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Marco Island Developments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.7%, this is a higher level of debt than the average (69.1%)
90.7% - Marco Island Developments Limited
69.1% - Industry AVG
MARCO ISLAND DEVELOPMENTS LIMITED financials
Marco Island Developments Limited's latest turnover from December 2022 is estimated at £904.3 thousand and the company has net assets of £3.6 million. According to their latest financial statements, Marco Island Developments Limited has 12 employees and maintains cash reserves of £21.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 12 | 11 | 11 | 10 | 10 | 8 | 4 | 4 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 38,168 | 46,368 | 22,040 | 30,065 | 35,442 | 14,884 | 2,233 | 871 | 1,300 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 541,176 | 596,640 | 931,640 | 931,639 | 931,639 | 931,638 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 10,598 | 42,398 | 20,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 579,344 | 653,606 | 996,078 | 981,704 | 967,081 | 946,522 | 2,233 | 871 | 1,300 |
| Stock & work in progress | 2,785,233 | 3,364,852 | 9,960,857 | 7,675,459 | 11,120,999 | 24,096,118 | 11,632,486 | 6,853,140 | 2,833,393 |
| Trade Debtors | 19,052 | 7,732 | 13,943 | 16,849 | 14,550 | 16,000 | 2,250 | 83,857 | 413,518 |
| Group Debtors | 34,631,845 | 33,503,815 | 24,189,498 | 21,934,359 | 25,582,270 | 6,930,397 | 1,144,871 | 384,349 | 0 |
| Misc Debtors | 308,524 | 936,769 | 310,211 | 1,020,488 | 3,022,302 | 3,584,985 | 1,912,414 | 73,219 | 0 |
| Cash | 21,422 | 2,094,289 | 761,658 | 1,796,667 | 187,163 | 211,946 | 372,146 | 519,831 | 26,565 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 37,766,076 | 39,907,457 | 35,236,167 | 32,443,822 | 39,927,284 | 34,839,446 | 15,064,167 | 7,914,396 | 3,273,476 |
| total assets | 38,345,420 | 40,561,063 | 36,232,245 | 33,425,526 | 40,894,365 | 35,785,968 | 15,066,400 | 7,915,267 | 3,274,776 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 395,099 | 769,864 | 2,508,641 | 106,071 | 3,758,228 | 0 | 0 | 0 | 55,940 |
| Trade Creditors | 19,024 | 68,716 | 270,252 | 165,859 | 224,911 | 406,538 | 240,320 | 2,105 | 2,380,600 |
| Group/Directors Accounts | 10,955,421 | 10,888,788 | 6,293,149 | 5,323,172 | 8,349,810 | 14,425,926 | 6,150,075 | 2,394,576 | 0 |
| other short term finances | 0 | 0 | 0 | 47,114 | 0 | 7,777,700 | 1,234,620 | 226,956 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 270,996 | 734,842 | 814,167 | 1,015,898 | 2,262,547 | 1,585,594 | 1,285,970 | 300,646 | 0 |
| total current liabilities | 11,640,540 | 12,462,210 | 9,886,209 | 6,658,114 | 14,595,496 | 24,195,758 | 8,910,985 | 2,924,283 | 2,436,540 |
| loans | 23,152,791 | 23,993,342 | 21,795,786 | 22,054,778 | 20,785,414 | 9,355,601 | 4,843,132 | 4,179,040 | 653,219 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 69,199 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 19,845 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 543,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,152,791 | 24,536,342 | 21,884,830 | 22,054,778 | 20,785,414 | 9,355,601 | 4,843,132 | 4,179,040 | 653,219 |
| total liabilities | 34,793,331 | 36,998,552 | 31,771,039 | 28,712,892 | 35,380,910 | 33,551,359 | 13,754,117 | 7,103,323 | 3,089,759 |
| net assets | 3,552,089 | 3,562,511 | 4,461,206 | 4,712,634 | 5,513,455 | 2,234,609 | 1,312,283 | 811,944 | 185,017 |
| total shareholders funds | 3,552,089 | 3,562,511 | 4,461,206 | 4,712,634 | 5,513,455 | 2,234,609 | 1,312,283 | 811,944 | 185,017 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 12,957 | 10,896 | 10,896 | 9,916 | 7,733 | 2,808 | 1,069 | 429 | 640 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -579,619 | -6,596,005 | 2,285,398 | -3,445,540 | -12,975,119 | 12,463,632 | 4,779,346 | 4,019,747 | 2,833,393 |
| Debtors | 500,507 | 9,902,864 | 1,564,354 | -5,627,426 | 18,087,740 | 7,471,847 | 2,518,110 | 127,907 | 413,518 |
| Creditors | -49,692 | -201,536 | 104,393 | -59,052 | -181,627 | 166,218 | 238,215 | -2,378,495 | 2,380,600 |
| Accruals and Deferred Income | -463,846 | -148,524 | -132,532 | -1,246,649 | 676,953 | 299,624 | 985,324 | 300,646 | 0 |
| Deferred Taxes & Provisions | -543,000 | 543,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -55,464 | -335,000 | 1 | 0 | 1 | 931,638 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -374,765 | -1,738,777 | 2,402,570 | -3,652,157 | 3,758,228 | 0 | 0 | -55,940 | 55,940 |
| Group/Directors Accounts | 66,633 | 4,595,639 | 969,977 | -3,026,638 | -6,076,116 | 8,275,851 | 3,755,499 | 2,394,576 | 0 |
| Other Short Term Loans | 0 | 0 | -47,114 | 47,114 | -7,777,700 | 6,543,080 | 1,007,664 | 226,956 | 0 |
| Long term loans | -840,551 | 2,197,556 | -258,992 | 1,269,364 | 11,429,813 | 4,512,469 | 664,092 | 3,525,821 | 653,219 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -19,845 | 19,845 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -2,072,867 | 1,332,631 | -1,035,009 | 1,609,504 | -24,783 | -160,200 | -147,685 | 493,266 | 26,565 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,072,867 | 1,332,631 | -1,035,009 | 1,609,504 | -24,783 | -160,200 | -147,685 | 493,266 | 26,565 |
marco island developments limited Credit Report and Business Information
Marco Island Developments Limited Competitor Analysis
Perform a competitor analysis for marco island developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PO1 area or any other competitors across 12 key performance metrics.
marco island developments limited Ownership
MARCO ISLAND DEVELOPMENTS LIMITED group structure
Marco Island Developments Limited has 2 subsidiary companies.
Ultimate parent company
MARCO ISLAND DEVELOPMENTS LIMITED
08878682
2 subsidiaries
marco island developments limited directors
Marco Island Developments Limited currently has 1 director, Mr Simon Brock serving since Feb 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Brock | England | 60 years | Feb 2014 | - | Director |
P&L
December 2022turnover
904.3k
+1%
operating profit
2.2m
0%
gross margin
48.1%
+1.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
0%
total assets
38.3m
-0.05%
cash
21.4k
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
marco island developments limited company details
company number
08878682
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
41100 - Development of building projects
incorporation date
February 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
first floor, unit 1b, st. georges business centre, portsmouth, PO1 3EY
accountant
-
auditor
-
marco island developments 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 15 charges/mortgages relating to marco island developments limited. Currently there are 12 open charges and 3 have been satisfied in the past.
marco island developments limited Companies House Filings - See Documents
| date | description | view/download |
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