city maritime limited
city maritime limited Company Information
Company Number
11693401
Next Accounts
Apr 2025
Shareholders
lomar corporation limited
Group Structure
View All
Industry
Sea and coastal freight water transport
Registered Address
13-14 hobart place, london, SW1W 0HH
Website
bgmaritimesummit.comcity maritime limited Estimated Valuation
Pomanda estimates the enterprise value of CITY MARITIME LIMITED at £12.7m based on a Turnover of £6.9m and 1.85x industry multiple (adjusted for size and gross margin).
city maritime limited Estimated Valuation
Pomanda estimates the enterprise value of CITY MARITIME LIMITED at £0 based on an EBITDA of £-1.7m and a 6.07x industry multiple (adjusted for size and gross margin).
city maritime limited Estimated Valuation
Pomanda estimates the enterprise value of CITY MARITIME LIMITED at £0 based on Net Assets of £-12.5m and 1.32x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
City Maritime Limited Overview
City Maritime Limited is a dissolved company that was located in london, SW1W 0HH with a Companies House number of 11693401. It operated in the sea and coastal freight water transport sector, SIC Code 50200. Founded in November 2018, it's largest shareholder was lomar corporation limited with a 100% stake. The last turnover for City Maritime Limited was estimated at £6.9m.
Upgrade for unlimited company reports & a free credit check
City Maritime Limited Health Check
Pomanda's financial health check has awarded City Maritime Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
4 Weak
Size
annual sales of £6.9m, make it larger than the average company (£4.6m)
£6.9m - City Maritime Limited
£4.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- City Maritime Limited
- - Industry AVG
Production
with a gross margin of 88.9%, this company has a lower cost of product (24.5%)
88.9% - City Maritime Limited
24.5% - Industry AVG
Profitability
an operating margin of -58.9% make it less profitable than the average company (4.9%)
-58.9% - City Maritime Limited
4.9% - Industry AVG
Employees
with 22 employees, this is similar to the industry average (18)
- City Maritime Limited
18 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- City Maritime Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £312.6k, this is equally as efficient (£323.1k)
- City Maritime Limited
£323.1k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (30 days)
32 days - City Maritime Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 1259 days, this is slower than average (28 days)
1259 days - City Maritime Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 131 days, this is more than average (14 days)
131 days - City Maritime Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - City Maritime Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 137.2%, this is a higher level of debt than the average (71%)
137.2% - City Maritime Limited
71% - Industry AVG
CITY MARITIME LIMITED financials
City Maritime Limited's latest turnover from December 2019 is £6.9 million and the company has net assets of -£12.5 million. According to their latest financial statements, we estimate that City Maritime Limited has 22 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|
| Turnover | 6,876,149 | 7,049,257 | 4,721,964 |
| Other Income Or Grants | |||
| Cost Of Sales | 767,001 | 740,397 | 229,244 |
| Gross Profit | 6,109,147 | 6,308,860 | 4,492,720 |
| Admin Expenses | 10,162,590 | 10,501,084 | 3,812,732 |
| Operating Profit | -4,053,443 | -4,192,224 | 679,988 |
| Interest Payable | 2,383,006 | 2,749,380 | 1,557,466 |
| Interest Receivable | |||
| Pre-Tax Profit | -6,451,294 | -6,957,869 | -2,713,755 |
| Tax | |||
| Profit After Tax | -6,451,294 | -6,957,869 | -2,713,755 |
| Dividends Paid | |||
| Retained Profit | -6,451,294 | -6,957,869 | -2,713,755 |
| Employee Costs | |||
| Number Of Employees | |||
| EBITDA* | -1,688,110 | -4,192,224 | 679,988 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|
| Tangible Assets | 29,896,084 | 32,616,945 | 28,691,140 |
| Intangible Assets | |||
| Investments & Other | 6,654,177 | 4,205,390 | |
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 29,896,083 | 32,616,945 | 28,691,140 |
| Stock & work in progress | 277,110 | 215,303 | 117,719 |
| Trade Debtors | 611,480 | 190,520 | 526,642 |
| Group Debtors | 680,757 | ||
| Misc Debtors | 631,980 | 1,043,215 | 367,874 |
| Cash | 1,410,999 | 164,962 | 80,545 |
| misc current assets | 4,397,460 | ||
| total current assets | 3,612,329 | 6,011,462 | 1,092,782 |
| total assets | 33,508,412 | 38,628,407 | 29,783,922 |
| Bank overdraft | 1 | ||
| Bank loan | 2,412,696 | 14,667,750 | 9,670,074 |
| Trade Creditors | 2,647,391 | 1,833,953 | 3,100,991 |
| Group/Directors Accounts | 1 | ||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 15,825,673 | 11,071,094 | 8,137,390 |
| total current liabilities | 20,885,763 | 27,572,800 | 20,908,457 |
| loans | 50,176,728 | 35,289,652 | 16,607,806 |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 25,088,364 | 17,644,826 | 8,303,903 |
| total liabilities | 45,974,127 | 45,217,626 | 29,212,360 |
| net assets | -12,465,715 | -6,589,219 | 571,562 |
| total shareholders funds | -12,465,715 | -6,589,219 | 571,561 |
| Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -4,053,443 | -4,192,224 | 679,988 |
| Depreciation | 2,365,333 | ||
| Amortisation | |||
| Tax | |||
| Stock | 61,807 | 97,584 | 117,719 |
| Debtors | 690,482 | 339,220 | 894,516 |
| Creditors | 813,439 | -1,267,038 | 3,100,991 |
| Accruals and Deferred Income | 4,754,579 | 2,933,704 | 8,137,390 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | 3,127,619 | -2,962,362 | 10,906,134 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 2,448,787 | 4,205,390 | |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | -12,255,054 | 4,997,676 | 9,670,074 |
| Group/Directors Accounts | 1 | ||
| Other Short Term Loans | |||
| Long term loans | 14,887,076 | 18,681,846 | 16,607,806 |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | -2,383,006 | -2,749,380 | -1,557,466 |
| cash flow from financing | 823,815 | 20,727,230 | 28,005,731 |
| cash and cash equivalents | |||
| cash | 1,246,037 | 84,417 | 80,545 |
| overdraft | -1 | 1 | |
| change in cash | 1,246,038 | 84,416 | 80,545 |
city maritime limited Credit Report and Business Information
City Maritime Limited Competitor Analysis
Perform a competitor analysis for city maritime limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other undefined companies, companies in SW1W area or any other competitors across 12 key performance metrics.
city maritime limited Ownership
CITY MARITIME LIMITED group structure
City Maritime Limited has 1 subsidiary company.
Ultimate parent company
LIBRA HOLDINGS LTD
#0061897
LOMAR CORP LTD
#0076418
2 parents
CITY MARITIME LIMITED
11693401
1 subsidiary
city maritime limited directors
City Maritime Limited currently has 2 directors. The longest serving directors include Mr Emmanouil Kouligkas (Nov 2018) and Mr George Georgiou (Nov 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Emmanouil Kouligkas | England | 49 years | Nov 2018 | - | Director |
| Mr George Georgiou | United Kingdom | 52 years | Nov 2018 | - | Director |
P&L
December 2019turnover
6.9m
-2%
operating profit
-4.1m
-3%
gross margin
88.9%
-0.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-12.5m
+0.89%
total assets
33.5m
-0.13%
cash
1.4m
+7.55%
net assets
Total assets minus all liabilities
city maritime limited company details
company number
11693401
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
November 2018
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
BDO LLP
address
13-14 hobart place, london, SW1W 0HH
Bank
-
Legal Advisor
-
city maritime 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 city maritime limited.
city maritime 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 CITY MARITIME LIMITED. This can take several minutes, an email will notify you when this has completed.
city maritime limited Companies House Filings - See Documents
| date | description | view/download |
|---|
