borrow a boat ltd
borrow a boat ltd Company Information
Company Number
10490013
Website
-Registered Address
mountbatten house, grosvenor square, southampton, SO15 2RP
Industry
Renting and leasing of passenger water transport equipment
Telephone
01245230704
Next Accounts Due
387 days late
Group Structure
View All
Shareholders
matthew francis ovenden 19.4%
wcs nominees limited 13.3%
View Allborrow a boat ltd Estimated Valuation
Pomanda estimates the enterprise value of BORROW A BOAT LTD at £845.6k based on a Turnover of £1.1m and 0.75x industry multiple (adjusted for size and gross margin).
borrow a boat ltd Estimated Valuation
Pomanda estimates the enterprise value of BORROW A BOAT LTD at £0 based on an EBITDA of £-811.9k and a 2.41x industry multiple (adjusted for size and gross margin).
borrow a boat ltd Estimated Valuation
Pomanda estimates the enterprise value of BORROW A BOAT LTD at £367.4k based on Net Assets of £637.8k and 0.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Borrow A Boat Ltd Overview
Borrow A Boat Ltd is a live company located in southampton, SO15 2RP with a Companies House number of 10490013. It operates in the renting and leasing of passenger water transport equipment sector, SIC Code 77341. Founded in November 2016, it's largest shareholder is matthew francis ovenden with a 19.4% stake. Borrow A Boat Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Borrow A Boat Ltd Health Check
Pomanda's financial health check has awarded Borrow A Boat Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£8.2m)
- Borrow A Boat Ltd
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (0.7%)
- Borrow A Boat Ltd
0.7% - Industry AVG
Production
with a gross margin of 35.3%, this company has a comparable cost of product (35.3%)
- Borrow A Boat Ltd
35.3% - Industry AVG
Profitability
an operating margin of -75.6% make it less profitable than the average company (10.8%)
- Borrow A Boat Ltd
10.8% - Industry AVG
Employees
with 8 employees, this is below the industry average (50)
8 - Borrow A Boat Ltd
50 - Industry AVG
Pay Structure
on an average salary of £40.9k, the company has an equivalent pay structure (£40.9k)
- Borrow A Boat Ltd
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £140.9k, this is less efficient (£182.4k)
- Borrow A Boat Ltd
£182.4k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (63 days)
- Borrow A Boat Ltd
63 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (45 days)
- Borrow A Boat Ltd
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Borrow A Boat Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is average cash available to meet short term requirements (9 weeks)
9 weeks - Borrow A Boat Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72%, this is a similar level of debt than the average (67.2%)
72% - Borrow A Boat Ltd
67.2% - Industry AVG
BORROW A BOAT LTD financials
Borrow A Boat Ltd's latest turnover from November 2021 is estimated at £1.1 million and the company has net assets of £637.8 thousand. According to their latest financial statements, Borrow A Boat Ltd has 8 employees and maintains cash reserves of £288.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| 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 | 8 | 9 | 13 | 3 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 775 | 1,273 | 0 | 0 | 0 |
| Intangible Assets | 239,064 | 265,699 | 280,543 | 68,381 | 0 |
| Investments & Other | 1,534,750 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 124,190 | 0 | 0 | 0 |
| Total Fixed Assets | 1,774,589 | 391,162 | 280,543 | 68,381 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 178,590 | 7,945 | 22,355 | 21,936 | 1,616 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 38,931 | 57,729 | 97,280 | 10,015 | 3,463 |
| Cash | 288,471 | 224,331 | 190,115 | 5,381 | 1,148 |
| misc current assets | 0 | 0 | 0 | 10,957 | 0 |
| total current assets | 505,992 | 290,005 | 309,750 | 48,289 | 6,227 |
| total assets | 2,280,581 | 681,167 | 590,293 | 116,670 | 6,227 |
| Bank overdraft | 25,631 | 8,455 | 4,232 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 148,208 | 125 | 124,445 | 14,767 | 10,628 |
| Group/Directors Accounts | 106,927 | 0 | 0 | 0 | 0 |
| other short term finances | 506,330 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 829,493 | 105,916 | 475,971 | 40,314 | 64,914 |
| total current liabilities | 1,616,589 | 114,496 | 604,648 | 55,081 | 75,542 |
| loans | 26,158 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 35,600 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 26,158 | 35,600 | 0 | 0 | 0 |
| total liabilities | 1,642,747 | 150,096 | 604,648 | 55,081 | 75,542 |
| net assets | 637,834 | 531,071 | -14,355 | 61,589 | -69,315 |
| total shareholders funds | 637,834 | 531,071 | -14,355 | 61,589 | -69,315 |
| Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 498 | 222 | 0 | 0 | |
| Amortisation | 39,035 | 51,273 | 9,518 | 0 | |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 27,657 | 70,229 | 87,684 | 26,872 | 5,079 |
| Creditors | 148,083 | -124,320 | 109,678 | 4,139 | 10,628 |
| Accruals and Deferred Income | 723,577 | -370,055 | 435,657 | -24,600 | 64,914 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 1,534,750 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 106,927 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 506,330 | 0 | 0 | 0 | 0 |
| Long term loans | 26,158 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -35,600 | 35,600 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 64,140 | 34,216 | 184,734 | 4,233 | 1,148 |
| overdraft | 17,176 | 4,223 | 4,232 | 0 | 0 |
| change in cash | 46,964 | 29,993 | 180,502 | 4,233 | 1,148 |
borrow a boat ltd Credit Report and Business Information
Borrow A Boat Ltd Competitor Analysis
Perform a competitor analysis for borrow a boat ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in SO15 area or any other competitors across 12 key performance metrics.
borrow a boat ltd Ownership
BORROW A BOAT LTD group structure
Borrow A Boat Ltd has no subsidiary companies.
Ultimate parent company
BORROW A BOAT LTD
10490013
borrow a boat ltd directors
Borrow A Boat Ltd currently has 6 directors. The longest serving directors include Mr Matthew Ovenden (Nov 2016) and Mr Matthew Jellicoe (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Ovenden | United Kingdom | 44 years | Nov 2016 | - | Director |
| Mr Matthew Jellicoe | England | 53 years | Mar 2019 | - | Director |
| Mr Simon Hamblin | England | 46 years | Mar 2020 | - | Director |
| Mr Simon Morgan | England | 38 years | Jun 2021 | - | Director |
| Mr Peter Harrison | England | 34 years | Jun 2021 | - | Director |
| Mr Jason Gasparro | United Kingdom | 52 years | Jan 2022 | - | Director |
P&L
November 2021turnover
1.1m
+85%
operating profit
-851.5k
0%
gross margin
35.3%
-2.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2021net assets
637.8k
+0.2%
total assets
2.3m
+2.35%
cash
288.5k
+0.29%
net assets
Total assets minus all liabilities
borrow a boat ltd company details
company number
10490013
Type
Private limited with Share Capital
industry
77341 - Renting and leasing of passenger water transport equipment
incorporation date
November 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
November 2021
address
mountbatten house, grosvenor square, southampton, SO15 2RP
accountant
STEIN RICHARDS
auditor
-
borrow a boat ltd 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 3 charges/mortgages relating to borrow a boat ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
borrow a boat ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
