wight shipyard company limited
wight shipyard company limited Company Information
Company Number
10333818
Next Accounts
Sep 2025
Industry
Building of ships and floating structures
Building of pleasure and sporting boats
Shareholders
ocea holding
Group Structure
View All
Contact
Registered Address
kintyre house 70 high street, fareham, hampshire, PO16 7BB
Website
www.wightshipyard.comwight shipyard company limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHT SHIPYARD COMPANY LIMITED at £0 based on a Turnover of £10m and -0.15x industry multiple (adjusted for size and gross margin).
wight shipyard company limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHT SHIPYARD COMPANY LIMITED at £8.3m based on an EBITDA of £-6.2m and a -1.34x industry multiple (adjusted for size and gross margin).
wight shipyard company limited Estimated Valuation
Pomanda estimates the enterprise value of WIGHT SHIPYARD COMPANY LIMITED at £2.2m based on Net Assets of £887k and 2.44x industry multiple (adjusted for liquidity).
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Wight Shipyard Company Limited Overview
Wight Shipyard Company Limited is a live company located in hampshire, PO16 7BB with a Companies House number of 10333818. It operates in the building of ships and floating structures sector, SIC Code 30110. Founded in August 2016, it's largest shareholder is ocea holding with a 100% stake. Wight Shipyard Company Limited is a young, mid sized company, Pomanda has estimated its turnover at £10m with declining growth in recent years.
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Wight Shipyard Company Limited Health Check
Pomanda's financial health check has awarded Wight Shipyard Company Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
9 Weak
Size
annual sales of £10m, make it smaller than the average company (£15.8m)
£10m - Wight Shipyard Company Limited
£15.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (8.3%)
-13% - Wight Shipyard Company Limited
8.3% - Industry AVG
Production
with a gross margin of -38.5%, this company has a higher cost of product (26.4%)
-38.5% - Wight Shipyard Company Limited
26.4% - Industry AVG
Profitability
an operating margin of -68.9% make it less profitable than the average company (5.2%)
-68.9% - Wight Shipyard Company Limited
5.2% - Industry AVG
Employees
with 112 employees, this is above the industry average (90)
112 - Wight Shipyard Company Limited
90 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£44.8k)
£43.3k - Wight Shipyard Company Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £89.3k, this is less efficient (£160.9k)
£89.3k - Wight Shipyard Company Limited
£160.9k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (36 days)
71 days - Wight Shipyard Company Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (35 days)
11 days - Wight Shipyard Company Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (45 days)
15 days - Wight Shipyard Company Limited
45 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Wight Shipyard Company Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (65.1%)
93.9% - Wight Shipyard Company Limited
65.1% - Industry AVG
WIGHT SHIPYARD COMPANY LIMITED financials
Wight Shipyard Company Limited's latest turnover from December 2023 is £10 million and the company has net assets of £887 thousand. According to their latest financial statements, Wight Shipyard Company Limited has 112 employees and maintains cash reserves of £48.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 9,997,618 | 25,878,300 | 7,928,068 | 15,012,055 | 19,807,853 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 13,842,702 | 22,919,819 | 7,891,242 | 14,881,415 | 19,550,504 | ||
| Gross Profit | -3,845,084 | 2,958,481 | 36,826 | 130,640 | 257,349 | ||
| Admin Expenses | 3,041,021 | 3,130,019 | 1,144,946 | 1,101,864 | 1,967,488 | ||
| Operating Profit | -6,886,105 | -171,538 | -1,108,120 | -971,224 | -1,710,139 | ||
| Interest Payable | 320,298 | 253,634 | 674,901 | 209,985 | 28,094 | ||
| Interest Receivable | 40 | 242,835 | 105,683 | 62,489 | 48,315 | ||
| Pre-Tax Profit | -7,206,363 | -182,337 | -1,677,338 | -1,118,720 | -1,689,918 | ||
| Tax | 1,278,099 | 213,931 | 597,575 | 109,823 | 363,481 | ||
| Profit After Tax | -5,928,264 | 31,594 | -1,079,763 | -1,008,897 | -1,326,437 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -5,928,264 | 31,594 | -1,079,763 | -1,008,897 | -1,326,437 | ||
| Employee Costs | 4,849,292 | 3,635,882 | 1,341,439 | 1,602,262 | 1,265,703 | ||
| Number Of Employees | 112 | 62 | 30 | 39 | 34 | 28 | 25 |
| EBITDA* | -6,206,440 | -5,066 | -1,004,089 | -857,151 | -1,666,781 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,815,791 | 4,200,445 | 582,805 | 665,197 | 647,608 | 752,609 | 55,609 |
| Intangible Assets | 2,951,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 502,500 | 502,500 | 502,500 | 502,500 | 502,500 | 0 | 502,500 |
| Debtors (Due After 1 year) | 2,120,790 | 852,488 | 761,998 | 455,634 | 341,396 | 0 | 0 |
| Total Fixed Assets | 9,390,081 | 5,555,433 | 1,847,303 | 1,623,331 | 1,491,504 | 752,609 | 558,109 |
| Stock & work in progress | 599,997 | 262,114 | 980,519 | 111,416 | 455,298 | 118,492 | 488,000 |
| Trade Debtors | 1,968,993 | 2,676,464 | 5,301,946 | 990,572 | 1,012,619 | 1,974,856 | 164,933 |
| Group Debtors | 194,558 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,390,819 | 5,000,591 | 507,451 | 3,139,911 | 2,952,756 | 0 | 367,787 |
| Cash | 48,627 | 330,811 | 115,128 | 1,581,394 | 402,463 | 649,875 | 725,433 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,202,994 | 8,269,980 | 6,905,044 | 5,823,293 | 4,823,136 | 5,090,771 | 1,746,153 |
| total assets | 14,593,075 | 13,825,413 | 8,752,347 | 7,446,624 | 6,314,640 | 5,843,380 | 2,304,262 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 451,895 | 2,173,137 | 775,971 | 955,329 | 2,760,246 | 2,812,636 | 571,484 |
| Group/Directors Accounts | 150,310 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 3,250,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,742,867 | 3,543,329 | 1,970,686 | 963,076 | 719,281 | 0 | 1,366,453 |
| total current liabilities | 5,345,072 | 5,716,466 | 2,746,657 | 1,918,405 | 6,729,527 | 4,945,630 | 1,937,937 |
| loans | 8,141,901 | 10,181,996 | 8,517,718 | 6,947,588 | 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 | 219,148 | 453,944 | 46,559 | 59,455 | 55,040 | 0 | 10,566 |
| total long term liabilities | 8,361,049 | 10,635,940 | 8,564,277 | 7,007,043 | 55,040 | 41,240 | 10,566 |
| total liabilities | 13,706,121 | 16,352,406 | 11,310,934 | 8,925,448 | 6,784,567 | 4,986,870 | 1,948,503 |
| net assets | 886,954 | -2,526,993 | -2,558,587 | -1,478,824 | -469,927 | 856,510 | 355,759 |
| total shareholders funds | 886,954 | -2,526,993 | -2,558,587 | -1,478,824 | -469,927 | 856,510 | 355,759 |
| Dec 2023 | Dec 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -6,886,105 | -171,538 | -1,108,120 | -971,224 | -1,710,139 | ||
| Depreciation | 679,665 | 166,472 | 104,031 | 114,073 | 43,358 | 45,812 | 9,814 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 1,278,099 | 213,931 | 597,575 | 109,823 | 363,481 | ||
| Stock | 337,883 | -718,405 | 869,103 | -343,882 | 336,806 | -369,508 | 488,000 |
| Debtors | -1,854,383 | 1,958,148 | 1,985,278 | 279,346 | 2,331,915 | 1,442,136 | 532,720 |
| Creditors | -1,721,242 | 1,397,166 | -179,358 | -1,804,917 | -52,390 | 2,241,152 | 571,484 |
| Accruals and Deferred Income | 1,199,538 | 1,572,643 | 1,007,610 | 243,795 | 719,281 | -1,366,453 | 1,366,453 |
| Deferred Taxes & Provisions | -234,796 | 407,385 | -12,896 | 4,415 | 55,040 | -10,566 | 10,566 |
| Cash flow from operations | -4,168,341 | 2,346,316 | -2,445,539 | -2,239,499 | -3,250,090 | ||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -440,857 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 502,500 | -502,500 | 502,500 |
| cash flow from investments | 0 | 0 | 0 | 0 | -943,357 | ||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 150,310 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -3,250,000 | 3,250,000 | 0 | 0 |
| Long term loans | -2,040,095 | 1,664,278 | 1,570,130 | 6,947,588 | 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 | -320,258 | -10,799 | -569,218 | -147,496 | 20,221 | ||
| cash flow from financing | 7,132,168 | 1,653,479 | 1,000,912 | 3,550,092 | 3,270,221 | ||
| cash and cash equivalents | |||||||
| cash | -282,184 | 215,683 | -1,466,266 | 1,178,931 | -247,412 | -75,558 | 725,433 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -282,184 | 215,683 | -1,466,266 | 1,178,931 | -247,412 | -75,558 | 725,433 |
wight shipyard company limited Credit Report and Business Information
Wight Shipyard Company Limited Competitor Analysis
Perform a competitor analysis for wight shipyard company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in PO16 area or any other competitors across 12 key performance metrics.
wight shipyard company limited Ownership
WIGHT SHIPYARD COMPANY LIMITED group structure
Wight Shipyard Company Limited has no subsidiary companies.
Ultimate parent company
WIGHT SHIPYARD COMPANY LIMITED
10333818
wight shipyard company limited directors
Wight Shipyard Company Limited currently has 4 directors. The longest serving directors include Mr Peter Morton (Aug 2016) and Mr Roland Joassard (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Morton | England | 71 years | Aug 2016 | - | Director |
| Mr Roland Joassard | United Kingdom | 65 years | Jun 2022 | - | Director |
| Mr Kenneth Houlberg | United Kingdom | 57 years | Jun 2022 | - | Director |
| Mr Toby Mumford | United Kingdom | 34 years | Jan 2024 | - | Director |
P&L
December 2023turnover
10m
-61%
operating profit
-6.9m
+3914%
gross margin
-38.4%
-436.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
887k
-1.35%
total assets
14.6m
+0.06%
cash
48.6k
-0.85%
net assets
Total assets minus all liabilities
wight shipyard company limited company details
company number
10333818
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
30110 - Building of ships and floating structures
30120 - Building of pleasure and sporting boats
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ALLIOTT WINGHAM LTD
address
kintyre house 70 high street, fareham, hampshire, PO16 7BB
Bank
-
Legal Advisor
-
wight shipyard company 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 wight shipyard company limited.
wight shipyard company limited 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.
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wight shipyard company limited Companies House Filings - See Documents
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