parnall marine limited
parnall marine limited Company Information
Group Structure
View All
Industry
Engineering design activities for industrial process and production
Registered Address
15 - 19 westgate street, launceston, cornwall, PL15 7AB
Website
parnall.netparnall marine limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL MARINE LIMITED at £80.6k based on a Turnover of £181.5k and 0.44x industry multiple (adjusted for size and gross margin).
parnall marine limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL MARINE LIMITED at £0 based on an EBITDA of £-2.5k and a 3.85x industry multiple (adjusted for size and gross margin).
parnall marine limited Estimated Valuation
Pomanda estimates the enterprise value of PARNALL MARINE LIMITED at £0 based on Net Assets of £-197k and 2.63x industry multiple (adjusted for liquidity).
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Parnall Marine Limited Overview
Parnall Marine Limited is a live company located in cornwall, PL15 7AB with a Companies House number of 11394963. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in June 2018, it's largest shareholder is parnall group limited with a 100% stake. Parnall Marine Limited is a young, micro sized company, Pomanda has estimated its turnover at £181.5k with declining growth in recent years.
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Parnall Marine Limited Health Check
Pomanda's financial health check has awarded Parnall Marine Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
9 Weak
Size
annual sales of £181.5k, make it smaller than the average company (£2.2m)
- Parnall Marine Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (8%)
- Parnall Marine Limited
8% - Industry AVG
Production
with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)
- Parnall Marine Limited
31.5% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (5.9%)
- Parnall Marine Limited
5.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (31)
- Parnall Marine Limited
31 - Industry AVG
Pay Structure
on an average salary of £57.4k, the company has an equivalent pay structure (£57.4k)
- Parnall Marine Limited
£57.4k - Industry AVG
Efficiency
resulting in sales per employee of £90.8k, this is less efficient (£113.3k)
- Parnall Marine Limited
£113.3k - Industry AVG
Debtor Days
it gets paid by customers after 120 days, this is later than average (73 days)
- Parnall Marine Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (39 days)
- Parnall Marine Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Parnall Marine Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Parnall Marine Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 428.1%, this is a higher level of debt than the average (50.6%)
428.1% - Parnall Marine Limited
50.6% - Industry AVG
PARNALL MARINE LIMITED financials
Parnall Marine Limited's latest turnover from December 2023 is estimated at £181.5 thousand and the company has net assets of -£197 thousand. According to their latest financial statements, we estimate that Parnall Marine Limited has 2 employees and maintains cash reserves of £48 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 | ||||||
| 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 | 1 | 2 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,576 | |||||
| Intangible Assets | 146,813 | |||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 148,389 | |||||
| Stock & work in progress | ||||||
| Trade Debtors | 60,000 | 60,000 | 60,000 | 51,555 | 51,688 | |
| Group Debtors | ||||||
| Misc Debtors | 202 | 202 | ||||
| Cash | 48 | 177 | 829 | 154 | 1,903 | 1 |
| misc current assets | ||||||
| total current assets | 60,048 | 60,379 | 61,031 | 51,709 | 53,591 | 1 |
| total assets | 60,048 | 60,379 | 61,031 | 51,709 | 201,980 | 1 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 205 | 240,920 | 239,565 | 203,942 | ||
| Group/Directors Accounts | 252,459 | 252,491 | ||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 4,400 | 2,400 | 11,500 | |||
| total current liabilities | 257,064 | 254,891 | 252,420 | 239,565 | 203,942 | |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | ||||||
| total liabilities | 257,064 | 254,891 | 252,420 | 239,565 | 203,942 | |
| net assets | -197,016 | -194,512 | -191,389 | -187,856 | -1,962 | 1 |
| total shareholders funds | -197,016 | -194,512 | -191,389 | -187,856 | -1,962 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 1,576 | |||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | -202 | 8,647 | -133 | 51,688 | ||
| Creditors | 205 | -240,920 | 1,355 | 35,623 | 203,942 | |
| Accruals and Deferred Income | 2,000 | -9,100 | 11,500 | |||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -32 | 252,491 | ||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -129 | -652 | 675 | -1,749 | 1,902 | 1 |
| overdraft | ||||||
| change in cash | -129 | -652 | 675 | -1,749 | 1,902 | 1 |
parnall marine limited Credit Report and Business Information
Parnall Marine Limited Competitor Analysis
Perform a competitor analysis for parnall marine limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in PL15 area or any other competitors across 12 key performance metrics.
parnall marine limited Ownership
PARNALL MARINE LIMITED group structure
Parnall Marine Limited has no subsidiary companies.
parnall marine limited directors
Parnall Marine Limited currently has 1 director, Mr Robert Parnall serving since Jun 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Parnall | United Kingdom | 65 years | Jun 2018 | - | Director |
P&L
December 2023turnover
181.5k
-40%
operating profit
-2.5k
0%
gross margin
31.6%
+5.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-197k
+0.01%
total assets
60k
-0.01%
cash
48
-0.73%
net assets
Total assets minus all liabilities
Similar Companies
parnall marine limited company details
company number
11394963
Type
Private limited with Share Capital
industry
71121 - Engineering design activities for industrial process and production
incorporation date
June 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
15 - 19 westgate street, launceston, cornwall, PL15 7AB
Bank
-
Legal Advisor
-
parnall marine 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 parnall marine limited.
parnall marine 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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parnall marine limited Companies House Filings - See Documents
| date | description | view/download |
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