bibby wavemaster 2 limited
bibby wavemaster 2 limited Company Information
Company Number
11077837
Next Accounts
Sep 2025
Industry
Sea and coastal freight water transport
Shareholders
bibby marine services ltd
Group Structure
View All
Contact
Registered Address
3rd floor walker house, exchange flags, liverpool, L2 3YL
Website
https://www.bibbymarine.com/bibby wavemaster 2 limited Estimated Valuation
Pomanda estimates the enterprise value of BIBBY WAVEMASTER 2 LIMITED at £5.2m based on a Turnover of £7.4m and 0.71x industry multiple (adjusted for size and gross margin).
bibby wavemaster 2 limited Estimated Valuation
Pomanda estimates the enterprise value of BIBBY WAVEMASTER 2 LIMITED at £7.7m based on an EBITDA of £3.4m and a 2.25x industry multiple (adjusted for size and gross margin).
bibby wavemaster 2 limited Estimated Valuation
Pomanda estimates the enterprise value of BIBBY WAVEMASTER 2 LIMITED at £0 based on Net Assets of £-2.2m and 1.37x industry multiple (adjusted for liquidity).
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Bibby Wavemaster 2 Limited Overview
Bibby Wavemaster 2 Limited is a live company located in liverpool, L2 3YL with a Companies House number of 11077837. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in November 2017, it's largest shareholder is bibby marine services ltd with a 100% stake. Bibby Wavemaster 2 Limited is a young, mid sized company, Pomanda has estimated its turnover at £7.4m with declining growth in recent years.
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Bibby Wavemaster 2 Limited Health Check
Pomanda's financial health check has awarded Bibby Wavemaster 2 Limited 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
4 Regular
4 Weak
Size
annual sales of £7.4m, make it in line with the average company (£8.3m)
£7.4m - Bibby Wavemaster 2 Limited
£8.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.5%)
-4% - Bibby Wavemaster 2 Limited
8.5% - Industry AVG
Production
with a gross margin of 21.1%, this company has a higher cost of product (34.9%)
21.1% - Bibby Wavemaster 2 Limited
34.9% - Industry AVG
Profitability
an operating margin of 19% make it more profitable than the average company (11.9%)
19% - Bibby Wavemaster 2 Limited
11.9% - Industry AVG
Employees
with 13 employees, this is similar to the industry average (14)
- Bibby Wavemaster 2 Limited
14 - Industry AVG
Pay Structure
on an average salary of £64.6k, the company has an equivalent pay structure (£64.6k)
- Bibby Wavemaster 2 Limited
£64.6k - Industry AVG
Efficiency
resulting in sales per employee of £569k, this is equally as efficient (£594.3k)
- Bibby Wavemaster 2 Limited
£594.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Bibby Wavemaster 2 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (27 days)
35 days - Bibby Wavemaster 2 Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bibby Wavemaster 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Bibby Wavemaster 2 Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.5%, this is a higher level of debt than the average (58.1%)
106.5% - Bibby Wavemaster 2 Limited
58.1% - Industry AVG
BIBBY WAVEMASTER 2 LIMITED financials
Bibby Wavemaster 2 Limited's latest turnover from December 2023 is £7.4 million and the company has net assets of -£2.2 million. According to their latest financial statements, we estimate that Bibby Wavemaster 2 Limited has 13 employees and maintains cash reserves of £81 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 7,397,222 | 6,567,893 | 7,509,472 | 8,263,580 | 1,792,155 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,838,196 | 5,853,651 | 5,872,514 | 6,391,921 | 1,535,164 | 0 |
| Gross Profit | 1,559,026 | 714,243 | 1,636,958 | 1,871,659 | 256,991 | 0 |
| Admin Expenses | 150,674 | 172,166 | 116,211 | 81,016 | 76,591 | 0 |
| Operating Profit | 1,408,352 | 542,077 | 1,520,747 | 1,790,643 | 180,400 | 0 |
| Interest Payable | 1,827,538 | 1,368,167 | 2,107,517 | 1,658,074 | 1,258,135 | 0 |
| Interest Receivable | 0 | 0 | 0 | 601,814 | 0 | 0 |
| Pre-Tax Profit | -419,185 | -826,090 | -586,770 | 734,383 | -1,077,735 | -3,888 |
| Tax | -807 | -664 | -675 | -658 | -363 | 0 |
| Profit After Tax | -419,992 | -826,755 | -587,445 | 733,725 | -1,078,098 | -3,888 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -419,992 | -826,755 | -587,445 | 733,725 | -1,078,098 | -3,888 |
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* | 3,417,683 | 2,597,477 | 3,626,943 | 3,650,160 | 484,115 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 29,350,311 | 31,459,038 | 34,082,088 | 35,660,968 | 36,399,223 | 16,731,643 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,350,311 | 31,459,039 | 34,082,089 | 35,660,969 | 36,399,224 | 16,731,643 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 884,407 | 0 | 1,245,353 | 1,122,941 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,132,547 | 3,893,305 | 3,435,013 | 2,866,026 | 2,586,377 | 820 |
| Cash | 81 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,132,629 | 4,777,712 | 3,435,013 | 4,111,379 | 3,709,318 | 820 |
| total assets | 33,482,940 | 36,236,751 | 37,517,102 | 39,772,348 | 40,108,542 | 16,732,463 |
| Bank overdraft | 0 | 1 | 0 | 0 | 0 | 0 |
| Bank loan | 25,377 | 22,778 | 0 | 0 | 0 | 980,000 |
| Trade Creditors | 565,287 | 559,925 | 469,098 | 762,529 | 1,170,622 | 12,076 |
| Group/Directors Accounts | 2,792 | 2,586 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 2,597,168 | 3,867,323 | 0 | 0 |
| hp & lease commitments | 2,739,176 | 2,621,569 | 0 | 0 | 2,525,543 | 0 |
| other current liabilities | 362,939 | 269,228 | 188,614 | 267,386 | 137,927 | 0 |
| total current liabilities | 3,695,571 | 3,476,088 | 3,254,881 | 4,897,239 | 3,834,093 | 992,076 |
| loans | 17,438,503 | 17,303,604 | 15,013,702 | 12,355,927 | 12,278,362 | 15,744,164 |
| hp & lease commitments | 14,527,369 | 17,215,569 | 20,197,188 | 22,881,789 | 25,077,431 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 31,965,873 | 34,519,174 | 35,210,890 | 35,237,718 | 37,355,794 | 15,744,164 |
| total liabilities | 35,661,444 | 37,995,263 | 38,465,771 | 40,134,957 | 41,189,887 | 16,736,240 |
| net assets | -2,178,504 | -1,758,512 | -948,669 | -362,609 | -1,081,346 | -3,777 |
| total shareholders funds | -2,178,504 | -1,758,512 | -948,669 | -362,609 | -1,081,346 | -3,777 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,408,352 | 542,077 | 1,520,747 | 1,790,643 | 180,400 | 0 |
| Depreciation | 2,009,330 | 2,055,400 | 2,106,196 | 1,859,516 | 303,715 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -807 | -664 | -675 | -658 | -363 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -645,165 | 1,342,699 | -676,366 | 402,061 | 3,708,498 | 820 |
| Creditors | 5,363 | 90,827 | -293,431 | -408,093 | 1,158,546 | 12,076 |
| Accruals and Deferred Income | 93,711 | 80,614 | -78,772 | 129,459 | 137,927 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,161,114 | 1,425,555 | 3,930,431 | 2,968,806 | -1,928,273 | 11,256 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 2,599 | 22,778 | 0 | 0 | -980,000 | 980,000 |
| Group/Directors Accounts | 206 | 2,586 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -2,597,168 | -1,270,155 | 3,867,323 | 0 | 0 |
| Long term loans | 134,899 | 2,289,902 | 2,657,775 | 77,565 | -3,465,802 | 15,744,164 |
| Hire Purchase and Lease Commitments | -2,570,593 | -360,050 | -2,684,601 | -4,721,185 | 27,602,974 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -1,827,538 | -1,368,167 | -2,107,517 | -1,056,260 | -1,258,135 | 0 |
| cash flow from financing | -4,260,427 | -1,993,207 | -3,403,113 | -1,847,546 | 21,899,566 | 16,724,275 |
| cash and cash equivalents | ||||||
| cash | 81 | 0 | 0 | 0 | 0 | 0 |
| overdraft | -1 | 1 | 0 | 0 | 0 | 0 |
| change in cash | 82 | -1 | 0 | 0 | 0 | 0 |
bibby wavemaster 2 limited Credit Report and Business Information
Bibby Wavemaster 2 Limited Competitor Analysis
Perform a competitor analysis for bibby wavemaster 2 limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in L 2 area or any other competitors across 12 key performance metrics.
bibby wavemaster 2 limited Ownership
BIBBY WAVEMASTER 2 LIMITED group structure
Bibby Wavemaster 2 Limited has no subsidiary companies.
Ultimate parent company
2 parents
BIBBY WAVEMASTER 2 LIMITED
11077837
bibby wavemaster 2 limited directors
Bibby Wavemaster 2 Limited currently has 3 directors. The longest serving directors include Ms Helen Samuels (Jan 2020) and Mr Nigel Quinn (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Helen Samuels | England | 54 years | Jan 2020 | - | Director |
| Mr Nigel Quinn | England | 53 years | Nov 2023 | - | Director |
| Mr Nicholas Gilman | Scotland | 57 years | Nov 2023 | - | Director |
P&L
December 2023turnover
7.4m
+13%
operating profit
1.4m
+160%
gross margin
21.1%
+93.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.2m
+0.24%
total assets
33.5m
-0.08%
cash
81
0%
net assets
Total assets minus all liabilities
bibby wavemaster 2 limited company details
company number
11077837
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
November 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MAZARS LLP
address
3rd floor walker house, exchange flags, liverpool, L2 3YL
Bank
-
Legal Advisor
-
bibby wavemaster 2 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 found 10 charges/mortgages relating to bibby wavemaster 2 limited. Currently there are 7 open charges and 3 have been satisfied in the past.
bibby wavemaster 2 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.
Click to start generating capital raising & share issue transactions for BIBBY WAVEMASTER 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
bibby wavemaster 2 limited Companies House Filings - See Documents
| date | description | view/download |
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