nmrn operations
nmrn operations Company Information
Company Number
09988314
Website
http://nmrn.org.ukRegistered Address
national museum of the royal nav, hm naval base (pp66), portsmouth, hampshire, PO1 3NH
Industry
Operation of historical sites and buildings and similar visitor attractions
Telephone
02392727582
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
nmrn operations Estimated Valuation
Pomanda estimates the enterprise value of NMRN OPERATIONS at £75.6m based on a Turnover of £28.3m and 2.67x industry multiple (adjusted for size and gross margin).
nmrn operations Estimated Valuation
Pomanda estimates the enterprise value of NMRN OPERATIONS at £117.3m based on an EBITDA of £14.6m and a 8.05x industry multiple (adjusted for size and gross margin).
nmrn operations Estimated Valuation
Pomanda estimates the enterprise value of NMRN OPERATIONS at £99.3m based on Net Assets of £39m and 2.55x industry multiple (adjusted for liquidity).
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Nmrn Operations Overview
Nmrn Operations is a live company located in portsmouth, PO1 3NH with a Companies House number of 09988314. It operates in the operation of historical sites and buildings and similar visitor attractions sector, SIC Code 91030. Founded in February 2016, it's largest shareholder is unknown. Nmrn Operations is a young, large sized company, Pomanda has estimated its turnover at £28.3m with healthy growth in recent years.
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Nmrn Operations Health Check
Pomanda's financial health check has awarded Nmrn Operations a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £28.3m, make it larger than the average company (£476.7k)
£28.3m - Nmrn Operations
£476.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.6%)
8% - Nmrn Operations
3.6% - Industry AVG
Production
with a gross margin of 52.2%, this company has a comparable cost of product (52.2%)
52.2% - Nmrn Operations
52.2% - Industry AVG
Profitability
an operating margin of 44.7% make it more profitable than the average company (12%)
44.7% - Nmrn Operations
12% - Industry AVG
Employees
with 360 employees, this is above the industry average (13)
360 - Nmrn Operations
13 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£20.3k)
£19.8k - Nmrn Operations
£20.3k - Industry AVG
Efficiency
resulting in sales per employee of £78.7k, this is more efficient (£52.5k)
£78.7k - Nmrn Operations
£52.5k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (7 days)
2 days - Nmrn Operations
7 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (29 days)
17 days - Nmrn Operations
29 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (41 days)
17 days - Nmrn Operations
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 54 weeks, this is less cash available to meet short term requirements (140 weeks)
54 weeks - Nmrn Operations
140 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.6%, this is a lower level of debt than the average (8.7%)
5.6% - Nmrn Operations
8.7% - Industry AVG
NMRN OPERATIONS financials
Nmrn Operations's latest turnover from March 2023 is £28.3 million and the company has net assets of £39 million. According to their latest financial statements, Nmrn Operations has 360 employees and maintains cash reserves of £2.4 million 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 28,341,959 | 13,712,182 | 16,507,557 | 22,715,854 | 16,554,467 | 22,646,231 | 22,477,516 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 10,330,307 | -989,038 | 3,184,253 | 5,140,637 | -1,273,975 | 944,526 | 16,150,899 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 10,330,307 | -989,038 | 3,184,253 | 5,140,637 | -1,273,975 | 944,526 | 16,150,899 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 10,330,307 | -989,038 | 3,184,253 | 5,140,637 | -1,273,975 | 944,526 | 16,150,899 |
| Employee Costs | 7,138,597 | 5,829,227 | 5,451,439 | 6,958,235 | 6,613,077 | 6,153,739 | 1,946,872 |
| Number Of Employees | 360 | 301 | 324 | 408 | 403 | 374 | 236 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 32,394,512 | 23,305,870 | 22,380,033 | 21,376,162 | 17,412,491 | 17,526,143 | 16,297,688 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 747,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 500,000 | 500,000 | 0 | 0 | 0 |
| Total Fixed Assets | 33,141,512 | 23,305,870 | 22,880,033 | 21,876,162 | 17,412,491 | 17,526,143 | 16,297,688 |
| Stock & work in progress | 662,994 | 538,251 | 673,145 | 706,757 | 700,858 | 843,916 | 762,824 |
| Trade Debtors | 225,570 | 106,811 | 707,397 | 489,581 | 75,258 | 285,501 | 618,133 |
| Group Debtors | 3,794,031 | 1,904,655 | 1,217,615 | 97,296 | 98,927 | 664,219 | 20,056 |
| Misc Debtors | 1,034,022 | 1,098,728 | 2,527,419 | 3,731,674 | 2,201,143 | 2,206,568 | 1,122,948 |
| Cash | 2,448,883 | 1,397,417 | 1,308,035 | 1,565,993 | 1,433,338 | 1,415,952 | 4,311,090 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,165,500 | 5,045,862 | 6,433,611 | 6,591,301 | 4,509,524 | 5,416,156 | 6,835,051 |
| total assets | 41,307,012 | 28,351,732 | 29,313,644 | 28,467,463 | 21,922,015 | 22,942,299 | 23,132,739 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 631,567 | 801,361 | 955,058 | 1,678,478 | 932,662 | 1,608,587 | 848,936 |
| Group/Directors Accounts | 23,918 | 68,837 | 563,893 | 2,882,361 | 2,375,014 | 1,927,644 | 4,105,760 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,665,302 | 2,085,714 | 2,503,964 | 1,532,664 | 1,578,769 | 1,265,779 | 1,594,933 |
| total current liabilities | 2,320,787 | 2,955,912 | 4,022,915 | 6,093,503 | 4,886,445 | 4,802,010 | 6,549,629 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 273,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,320,787 | 3,228,912 | 4,022,915 | 6,093,503 | 4,886,445 | 4,802,010 | 6,549,629 |
| net assets | 38,986,225 | 25,122,820 | 25,290,729 | 22,373,960 | 17,035,570 | 18,140,289 | 16,583,110 |
| total shareholders funds | 38,986,225 | 25,122,820 | 25,290,729 | 22,373,960 | 17,035,570 | 18,140,289 | 16,583,110 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 1,894,491 | 1,076,939 | 1,194,571 | 925,500 | 990,720 | 1,044,452 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 124,743 | -134,894 | -33,612 | 5,899 | -143,058 | 81,092 | 762,824 |
| Debtors | 1,943,429 | -1,842,237 | 133,880 | 2,443,223 | -780,960 | 1,395,151 | 1,761,137 |
| Creditors | -169,794 | -153,697 | -723,420 | 745,816 | -675,925 | 759,651 | 848,936 |
| Accruals and Deferred Income | -420,412 | -418,250 | 971,300 | -46,105 | 312,990 | -329,154 | 1,594,933 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -737,215 | -1,629,010 | -284,189 |
| Change in Investments | 747,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -747,000 | 0 | 0 | 0 | -737,215 | -1,629,010 | -284,189 |
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -44,919 | -495,056 | -2,318,468 | 507,347 | 447,370 | -2,178,116 | 4,105,760 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 3,488,179 | 326,073 | -2,585,952 | 705,100 | 616,626 | -1,565,463 | 4,537,971 |
| cash and cash equivalents | |||||||
| cash | 1,051,466 | 89,382 | -257,958 | 132,655 | 17,386 | -2,895,138 | 4,311,090 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,051,466 | 89,382 | -257,958 | 132,655 | 17,386 | -2,895,138 | 4,311,090 |
nmrn operations Credit Report and Business Information
Nmrn Operations Competitor Analysis
Perform a competitor analysis for nmrn operations by selecting its closest rivals and benchmarking them against 12 key performance metrics.
nmrn operations Ownership
NMRN OPERATIONS group structure
Nmrn Operations has no subsidiary companies.
Ultimate parent company
NMRN OPERATIONS
09988314
nmrn operations directors
Nmrn Operations currently has 7 directors. The longest serving directors include Ms Jane Dean (Oct 2016) and Mr Richard Hatfield (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jane Dean | England | 69 years | Oct 2016 | - | Director |
| Mr Richard Hatfield | United Kingdom | 71 years | Oct 2016 | - | Director |
| Mr Michael Bedingfield | England | 63 years | Dec 2017 | - | Director |
| Mr Christopher Pemberton | 71 years | Mar 2019 | - | Director | |
| Mrs Kathleen Barnes | 60 years | Dec 2022 | - | Director | |
| Rear Admiral Jonathan Pentreath | United Kingdom | 58 years | Sep 2023 | - | Director |
| Mr Matthew Sheldon | United Kingdom | 55 years | Dec 2023 | - | Director |
P&L
March 2023turnover
28.3m
+107%
operating profit
12.7m
0%
gross margin
52.2%
+2.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
39m
+0.55%
total assets
41.3m
+0.46%
cash
2.4m
+0.75%
net assets
Total assets minus all liabilities
nmrn operations company details
company number
09988314
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
91030 - Operation of historical sites and buildings and similar visitor attractions
incorporation date
February 2016
age
8
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
national museum of the royal nav, hm naval base (pp66), portsmouth, hampshire, PO1 3NH
last accounts submitted
March 2023
nmrn operations 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 1 charges/mortgages relating to nmrn operations. Currently there are 1 open charges and 0 have been satisfied in the past.
nmrn operations Companies House Filings - See Documents
| date | description | view/download |
|---|
