rising tide yachting limited
rising tide yachting limited Company Information
Company Number
08890488
Website
http://laggan-uk.comRegistered Address
5th floor, north side, 7/10 chandos street, london, W1G 9DQ
Industry
Other business support service activities n.e.c.
Telephone
02076312061
Next Accounts Due
September 2024
Group Structure
View All
Directors
Nicholas Hogan8 Years
Shareholders
les tourmondeur s.a.r.l. 100%
rising tide yachting limited Estimated Valuation
Pomanda estimates the enterprise value of RISING TIDE YACHTING LIMITED at £6.6k based on a Turnover of £11k and 0.6x industry multiple (adjusted for size and gross margin).
rising tide yachting limited Estimated Valuation
Pomanda estimates the enterprise value of RISING TIDE YACHTING LIMITED at £32.9k based on an EBITDA of £6.9k and a 4.79x industry multiple (adjusted for size and gross margin).
rising tide yachting limited Estimated Valuation
Pomanda estimates the enterprise value of RISING TIDE YACHTING LIMITED at £56k based on Net Assets of £21.8k and 2.57x industry multiple (adjusted for liquidity).
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Rising Tide Yachting Limited Overview
Rising Tide Yachting Limited is a live company located in london, W1G 9DQ with a Companies House number of 08890488. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2014, it's largest shareholder is les tourmondeur s.a.r.l. with a 100% stake. Rising Tide Yachting Limited is a established, micro sized company, Pomanda has estimated its turnover at £11k with declining growth in recent years.
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Rising Tide Yachting Limited Health Check
Pomanda's financial health check has awarded Rising Tide Yachting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £11k, make it smaller than the average company (£3.8m)
£11k - Rising Tide Yachting Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -58%, show it is growing at a slower rate (3%)
- Rising Tide Yachting Limited
3% - Industry AVG
Production
with a gross margin of 38.8%, this company has a comparable cost of product (38.8%)
38.8% - Rising Tide Yachting Limited
38.8% - Industry AVG
Profitability
an operating margin of 62.4% make it more profitable than the average company (6.3%)
62.4% - Rising Tide Yachting Limited
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (25)
1 - Rising Tide Yachting Limited
25 - Industry AVG
Pay Structure
on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)
- Rising Tide Yachting Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £11k, this is less efficient (£157.8k)
£11k - Rising Tide Yachting Limited
£157.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Rising Tide Yachting Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Rising Tide Yachting Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rising Tide Yachting Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 202 weeks, this is more cash available to meet short term requirements (24 weeks)
202 weeks - Rising Tide Yachting Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.8%, this is a lower level of debt than the average (63.7%)
21.8% - Rising Tide Yachting Limited
63.7% - Industry AVG
RISING TIDE YACHTING LIMITED financials
Rising Tide Yachting Limited's latest turnover from December 2022 is £11 thousand and the company has net assets of £21.8 thousand. According to their latest financial statements, Rising Tide Yachting Limited has 1 employee and maintains cash reserves of £23.6 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 | 11,015 | 17,585 | |||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 6,868 | 12,178 | |||||||
| Interest Payable | 0 | 10 | |||||||
| Interest Receivable | 241 | 0 | |||||||
| Pre-Tax Profit | 7,109 | 12,168 | |||||||
| Tax | -1,368 | -2,312 | |||||||
| Profit After Tax | 5,741 | 9,856 | |||||||
| Dividends Paid | 8,000 | 0 | |||||||
| Retained Profit | -2,259 | 9,856 | |||||||
| Employee Costs | |||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | |||
| EBITDA* | 6,868 | 12,178 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 660 | 300 | 0 | 0 | 0 | 0 | 0 | 1,476 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,200 | 2,570 | 2,270 | 1,929 | 1,616 | 1,103 | 1,600 | 1,156 | 0 |
| Cash | 23,629 | 25,239 | 20,585 | 20,419 | 14,673 | 11,690 | 9,575 | 2,503 | 388 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,829 | 28,469 | 23,155 | 22,348 | 16,289 | 12,793 | 11,175 | 3,659 | 1,864 |
| total assets | 27,829 | 28,469 | 23,155 | 22,348 | 16,289 | 12,793 | 11,175 | 3,659 | 1,864 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,154 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 6,059 | 4,440 | 8,982 | 6,900 | 7,698 | 9,684 | 6,799 | 3,944 | 0 |
| total current liabilities | 6,059 | 4,440 | 8,982 | 6,900 | 7,698 | 9,684 | 6,799 | 3,944 | 5,154 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,059 | 4,440 | 8,982 | 6,900 | 7,698 | 9,684 | 6,799 | 3,944 | 5,154 |
| net assets | 21,770 | 24,029 | 14,173 | 15,448 | 8,591 | 3,109 | 4,376 | -285 | -3,290 |
| total shareholders funds | 21,770 | 24,029 | 14,173 | 15,448 | 8,591 | 3,109 | 4,376 | -285 | -3,290 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 6,868 | 12,178 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,368 | -2,312 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 970 | 660 | 641 | 313 | 513 | -497 | 444 | -320 | 1,476 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,154 | 5,154 |
| Accruals and Deferred Income | 1,619 | -4,542 | 2,082 | -798 | -1,986 | 2,885 | 2,855 | 3,944 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,149 | 4,664 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 241 | -10 | |||||||
| cash flow from financing | 241 | -10 | |||||||
| cash and cash equivalents | |||||||||
| cash | -1,610 | 4,654 | 166 | 5,746 | 2,983 | 2,115 | 7,072 | 2,115 | 388 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,610 | 4,654 | 166 | 5,746 | 2,983 | 2,115 | 7,072 | 2,115 | 388 |
rising tide yachting limited Credit Report and Business Information
Rising Tide Yachting Limited Competitor Analysis
Perform a competitor analysis for rising tide yachting limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rising tide yachting limited Ownership
RISING TIDE YACHTING LIMITED group structure
Rising Tide Yachting Limited has no subsidiary companies.
Ultimate parent company
LES TOURMONDEUR SARL
#0154577
1 parent
RISING TIDE YACHTING LIMITED
08890488
rising tide yachting limited directors
Rising Tide Yachting Limited currently has 1 director, Mr Nicholas Hogan serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Hogan | United Kingdom | 51 years | Jul 2015 | - | Director |
P&L
December 2022turnover
11k
-37%
operating profit
6.9k
-44%
gross margin
38.8%
+3.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
21.8k
-0.09%
total assets
27.8k
-0.02%
cash
23.6k
-0.06%
net assets
Total assets minus all liabilities
Similar Companies
rising tide yachting limited company details
company number
08890488
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
5th floor, north side, 7/10 chandos street, london, W1G 9DQ
last accounts submitted
December 2022
rising tide yachting 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 rising tide yachting limited.
rising tide yachting limited Companies House Filings - See Documents
| date | description | view/download |
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