Seastar Bulk Five Limited

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seastar bulk five limited Company Information

Company Number

11000234

Next Accounts

Sep 2025

Directors

Daniel Perrott

Per Karlsen

Shareholders

seastar ship holdings limited

Group Structure

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Industry

Sea and coastal freight water transport

Registered Address

4th floor 100 fenchurch street, london, EC3M 5JD

Website

seastar bulk five limited Estimated Valuation

£401.8k

Pomanda estimates the enterprise value of SEASTAR BULK FIVE LIMITED at £401.8k based on a Turnover of £481.6k and 0.83x industry multiple (adjusted for size and gross margin).

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Seastar Bulk Five Limited is a live company located in london, EC3M 5JD with a Companies House number of 11000234. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in October 2017, it's largest shareholder is seastar ship holdings limited with a 100% stake. Seastar Bulk Five Limited is a young, micro sized company, Pomanda has estimated its turnover at £481.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Seastar Bulk Five Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

2 Regular

8 Weak

Size

annual sales of £481.6k, make it smaller than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (8.5%)

EXPORT

Seastar Bulk Five Limited's latest turnover from December 2023 is estimated at £481.6 thousand and the company has net assets of £107. According to their latest financial statements, Seastar Bulk Five Limited has 2 employees and maintains cash reserves of £11.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	481,576	458,741	2,082,989	783,433	419,702	1,275,466	2,341,528
Other Income Or Grants
Cost Of Sales	313,536	295,242	1,481,447	592,664	316,712	986,847	1,830,590
Gross Profit	168,040	163,499	601,542	190,769	102,990	288,618	510,938
Admin Expenses	6,880,431	-4,901,068	-1,634,300	-658,612	-611,526	-35,045	423,094
Operating Profit	-6,712,391	5,064,567	2,235,842	849,381	714,516	323,663	87,844
Interest Payable	131,135	245,565	181,310	159,138	137,315	129,516	65,752
Interest Receivable	30,658	42,316	1,935	422	4,364	3,725	970
Pre-Tax Profit	-6,812,867	4,861,318	2,056,467	690,666	581,565	197,871	23,061
Tax		-923,650	-390,729	-131,226	-110,497	-37,595	-4,382
Profit After Tax	-6,812,867	3,937,667	1,665,738	559,439	471,067	160,276	18,680
Dividends Paid
Retained Profit	-6,812,867	3,937,667	1,665,738	559,439	471,067	160,276	18,680
Employee Costs	129,302	125,680	115,340	113,292	114,800	225,194	438,149
Number Of Employees	2	2	2	2	2	4	8
EBITDA*	-6,462,779	5,389,617	2,577,467	1,157,021	1,010,435	648,881	131,096

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets		4,884,915	5,475,629	5,268,614	5,272,667	5,838,474	5,721,065
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets		4,884,915	5,475,629	5,268,615	5,272,667	6,180,438	5,721,066
Stock & work in progress		66,134	374,045	48,550	39,790	67,192	53,206
Trade Debtors		7			469	123,032	257,157
Group Debtors		3,169,686	2,834,934	2,708,948	1,184,684	20,274	1,860,491
Misc Debtors	115,911	53,406	130,082	60,607	135,743	80,666	97,002
Cash	11,394	1,156,548	1,261,486	286,530	558,408	605,283	387,931
misc current assets
total current assets	127,305	4,445,782	4,600,548	3,104,636	1,919,095	902,359	2,655,789
total assets	127,305	9,330,697	10,076,177	8,373,251	7,191,762	7,082,797	8,376,855
Bank overdraft		403,104	423,659	352,787	1	243,368	229,904
Bank loan					291,290
Trade Creditors	10,369	35,945	105,210	95,655	68,802	83,187	189,717
Group/Directors Accounts	87,649		4,151,216	3,922,291	4,065,803	4,739,547	5,873,431
other short term finances
hp & lease commitments
other current liabilities	29,180	150,496	105,928	182,331	152,805	164,953	271,778
total current liabilities	127,198	589,545	4,786,013	4,553,065	4,578,701	5,240,716	6,564,831
loans		1,928,177	2,414,851	2,610,621	1,962,940	1,571,001	1,793,240
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities		1,928,177	2,414,852	2,610,621	1,962,940	1,663,016	1,793,241
total liabilities	127,198	2,517,722	7,200,865	7,163,687	6,541,641	6,903,732	8,358,072
net assets	107	6,812,974	2,875,312	1,209,564	650,121	179,065	18,783
total shareholders funds	107	6,812,974	2,875,312	1,209,564	650,121	179,065	18,783

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	-6,712,391	5,064,567	2,235,842	849,381	714,516	323,663	87,844
Depreciation	249,612	325,050	341,626	307,640	295,919	325,219	43,252
Amortisation
Tax		-923,650	-390,729	-131,226	-110,497	-37,595	-4,382
Stock	-66,134	-307,911	325,495	8,760	-27,401	13,985	53,206
Debtors	-3,107,188	258,083	195,461	1,448,658	1,103,732	-1,997,486	2,214,651
Creditors	-25,576	-69,265	9,555	26,854	-14,385	-106,531	189,717
Accruals and Deferred Income	-121,316	44,568	-76,403	29,526	-12,148	-106,825	271,778
Deferred Taxes & Provisions
Cash flow from operations	-3,436,349	4,491,098	1,598,935	-375,243	-202,926	2,381,432	-1,679,648
Investing Activities
capital expenditure	4,635,303	265,664	-548,641	-303,587	269,888	-442,628	-5,764,317
Change in Investments
cash flow from investments	4,635,303	265,664	-548,641	-303,587	269,888	-442,628	-5,764,317
Financing Activities
Bank loans				-291,290	291,290
Group/Directors Accounts	87,649	-4,151,216	228,925	-143,512	-673,744	-1,133,884	5,873,431
Other Short Term Loans
Long term loans	-1,928,177	-486,674	-195,770	647,681	391,939	-222,239	1,793,240
Hire Purchase and Lease Commitments
other long term liabilities
share issue		-5	10	4	-11	6	103
interest	-100,477	-203,249	-179,375	-158,716	-132,951	-125,791	-64,782
cash flow from financing	-1,941,005	-4,841,144	-146,210	54,167	-123,477	-1,481,908	7,601,992
cash and cash equivalents
cash	-1,145,155	-104,938	974,956	-271,877	-46,875	217,352	387,931
overdraft	-403,104	-20,555	70,872	352,786	-243,367	13,464	229,904
change in cash	-742,051	-84,383	904,084	-624,663	196,492	203,888	158,027

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for seastar bulk five limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in EC3M area or any other competitors across 12 key performance metrics.

SEASTAR BULK FIVE LIMITED group structure

Seastar Bulk Five Limited has no subsidiary companies.

Ultimate parent company

SEASTAR SHIP HOLDINGS LIMITED

10652591

1 parent

SEASTAR BULK FIVE LIMITED

11000234

SEASTAR BULK FIVE LIMITED Shareholders

seastar ship holdings limited

100%

Seastar Bulk Five Limited currently has 2 directors. The longest serving directors include Mr Daniel Perrott (Oct 2017) and Mr Per Karlsen (Oct 2017).

officer	country	age	start	end	role
Mr Daniel Perrott	United Kingdom	48 years	Oct 2017	-	Director
Mr Per Karlsen	Switzerland	66 years	Oct 2017	-	Director

P&L

December 2023

turnover

481.6k

+5%

operating profit

-6.7m

gross margin

34.9%

-2.1%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

107

-1%

total assets

127.3k

-0.99%

cash

11.4k

-0.99%

net assets

Total assets minus all liabilities

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company number

11000234

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

October 2017

ultimate parent company

SEASTAR SHIP HOLDINGS LIMITED

previous names

N/A

address

4th floor 100 fenchurch street, london, EC3M 5JD

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 12 charges/mortgages relating to seastar bulk five limited. Currently there are 12 open charges and 0 have been satisfied in the past.

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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seastar bulk five limited Company Information

seastar bulk five limited Estimated Valuation

seastar bulk five limited Estimated Valuation

seastar bulk five limited Estimated Valuation

Seastar Bulk Five Limited Overview

Seastar Bulk Five Limited Health Check

SEASTAR BULK FIVE LIMITED financials

seastar bulk five limited Credit Report and Business Information

Seastar Bulk Five Limited Competitor Analysis

seastar bulk five limited Ownership

seastar bulk five limited directors

seastar bulk five limited company details

seastar bulk five limited Charges & Mortgages

seastar bulk five limited Capital Raised & Share Issues BETA

seastar bulk five limited Companies House Filings - See Documents