sussex shipping limited
sussex shipping limited Company Information
Company Number
11870217
Next Accounts
Sep 2025
Industry
Sea and coastal freight water transport
Shareholders
hadley shipping group limited
Group Structure
View All
Contact
Registered Address
osborne house, 12 devonshire square, london, EC2M 4TE
Website
-sussex shipping limited Estimated Valuation
Pomanda estimates the enterprise value of SUSSEX SHIPPING LIMITED at £3.2m based on a Turnover of £4m and 0.8x industry multiple (adjusted for size and gross margin).
sussex shipping limited Estimated Valuation
Pomanda estimates the enterprise value of SUSSEX SHIPPING LIMITED at £6m based on an EBITDA of £2.2m and a 2.77x industry multiple (adjusted for size and gross margin).
sussex shipping limited Estimated Valuation
Pomanda estimates the enterprise value of SUSSEX SHIPPING LIMITED at £10.7m based on Net Assets of £7.4m and 1.44x industry multiple (adjusted for liquidity).
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Sussex Shipping Limited Overview
Sussex Shipping Limited is a live company located in london, EC2M 4TE with a Companies House number of 11870217. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in March 2019, it's largest shareholder is hadley shipping group limited with a 100% stake. Sussex Shipping Limited is a young, small sized company, Pomanda has estimated its turnover at £4m with rapid growth in recent years.
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Sussex Shipping Limited Health Check
Pomanda's financial health check has awarded Sussex Shipping Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £4m, make it smaller than the average company (£8m)
£4m - Sussex Shipping Limited
£8m - Industry AVG
Growth
3 year (CAGR) sales growth of 210%, show it is growing at a faster rate (8.4%)
210% - Sussex Shipping Limited
8.4% - Industry AVG
Production
with a gross margin of 34.4%, this company has a comparable cost of product (34%)
34.4% - Sussex Shipping Limited
34% - Industry AVG
Profitability
an operating margin of 33.8% make it more profitable than the average company (12.2%)
33.8% - Sussex Shipping Limited
12.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Sussex Shipping Limited
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Sussex Shipping Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£676.3k)
£2m - Sussex Shipping Limited
£676.3k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is later than average (27 days)
34 days - Sussex Shipping Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (28 days)
12 days - Sussex Shipping Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (19 days)
15 days - Sussex Shipping Limited
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 91 weeks, this is more cash available to meet short term requirements (13 weeks)
91 weeks - Sussex Shipping Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.3%, this is a lower level of debt than the average (58.5%)
41.3% - Sussex Shipping Limited
58.5% - Industry AVG
SUSSEX SHIPPING LIMITED financials
Sussex Shipping Limited's latest turnover from December 2023 is £4 million and the company has net assets of £7.4 million. According to their latest financial statements, Sussex Shipping Limited has 2 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 3,984,428 | 8,347,277 | 7,998,994 | 133,874 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,612,845 | 2,752,984 | 2,725,189 | 66,274 | 0 |
| Gross Profit | 1,371,584 | 5,594,293 | 5,273,805 | 67,599 | 0 |
| Admin Expenses | 24,395 | 14,349 | 24,603 | 8,511 | 64,111 |
| Operating Profit | 1,347,189 | 5,579,944 | 5,249,202 | 59,088 | -64,111 |
| Interest Payable | 198,913 | 218,719 | 214,551 | 0 | 0 |
| Interest Receivable | 11,976 | 1,783 | 249 | 589 | 0 |
| Pre-Tax Profit | 1,015,246 | 5,737,595 | 5,146,104 | 59,678 | -64,111 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1,015,246 | 5,737,595 | 5,146,104 | 59,678 | -64,111 |
| Dividends Paid | 1,457,950 | 5,563,230 | 4,806,786 | 0 | 0 |
| Retained Profit | -442,704 | 174,365 | 339,317 | 59,678 | -64,111 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 2 | ||||
| EBITDA* | 2,181,468 | 6,414,223 | 6,103,139 | 59,088 | -64,111 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 10,168,479 | 11,002,758 | 12,115,949 | 13,408,887 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 159,568 | 265,428 | 118,701 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,328,048 | 11,268,187 | 12,234,650 | 13,408,888 | 0 |
| Stock & work in progress | 109,573 | 104,012 | 72,656 | 59,896 | 0 |
| Trade Debtors | 374,284 | 0 | 89,530 | 601,131 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 284,305 | 292,850 | 133,044 | 59,779 | 0 |
| Cash | 1,581,646 | 2,052,901 | 1,663,600 | 533,403 | 314 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,349,808 | 2,449,764 | 1,958,829 | 1,254,209 | 314 |
| total assets | 12,677,856 | 13,717,951 | 14,193,479 | 14,663,097 | 314 |
| Bank overdraft | 0 | 0 | 1 | 0 | 0 |
| Bank loan | 507,300 | 505,745 | 516,073 | 0 | 0 |
| Trade Creditors | 90,250 | 7,060 | 80,716 | 812 | 0 |
| Group/Directors Accounts | 0 | 3,898 | 4,052 | 6,702,120 | 0 |
| other short term finances | 0 | 0 | 7,498 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 300,385 | 471,323 | 216,076 | 141,580 | 0 |
| total current liabilities | 897,937 | 988,026 | 824,417 | 6,844,512 | 0 |
| loans | 4,331,932 | 4,839,233 | 5,470,919 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,331,932 | 4,839,233 | 5,470,920 | 0 | 0 |
| total liabilities | 5,229,869 | 5,827,260 | 6,295,337 | 6,844,512 | 0 |
| net assets | 7,447,987 | 7,890,691 | 7,898,142 | 7,818,585 | 314 |
| total shareholders funds | 7,447,987 | 7,890,691 | 7,898,142 | 7,818,585 | 314 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 1,347,189 | 5,579,944 | 5,249,202 | 59,088 | -64,111 |
| Depreciation | 834,279 | 834,279 | 853,937 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 5,560 | 31,357 | 12,760 | 59,896 | 0 |
| Debtors | 365,739 | 70,277 | -438,336 | 660,909 | 0 |
| Creditors | 83,191 | -73,657 | 79,904 | 812 | 0 |
| Accruals and Deferred Income | -170,938 | 255,247 | 74,496 | 141,580 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,722,422 | 6,494,179 | 6,683,115 | -519,325 | -64,111 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -105,860 | 146,727 | 118,701 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 1,555 | -10,328 | 516,073 | 0 | 0 |
| Group/Directors Accounts | -3,898 | -154 | -6,698,068 | 6,702,120 | 0 |
| Other Short Term Loans | 0 | -7,498 | 7,498 | 0 | 0 |
| Long term loans | -507,301 | -631,686 | 5,470,919 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -186,937 | -216,936 | -214,302 | 589 | 0 |
| cash flow from financing | -696,581 | -1,048,418 | -1,177,639 | 14,461,302 | 64,425 |
| cash and cash equivalents | |||||
| cash | -471,255 | 389,302 | 1,130,196 | 533,090 | 314 |
| overdraft | 0 | -1 | 1 | 0 | 0 |
| change in cash | -471,255 | 389,303 | 1,130,195 | 533,090 | 314 |
sussex shipping limited Credit Report and Business Information
Sussex Shipping Limited Competitor Analysis
Perform a competitor analysis for sussex shipping limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in EC2M area or any other competitors across 12 key performance metrics.
sussex shipping limited Ownership
SUSSEX SHIPPING LIMITED group structure
Sussex Shipping Limited has no subsidiary companies.
Ultimate parent company
2 parents
SUSSEX SHIPPING LIMITED
11870217
sussex shipping limited directors
Sussex Shipping Limited currently has 2 directors. The longest serving directors include Mr James Warwick (Mar 2019) and Mr Alexander Vane (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Warwick | England | 58 years | Mar 2019 | - | Director |
| Mr Alexander Vane | England | 52 years | Jun 2021 | - | Director |
P&L
December 2023turnover
4m
-52%
operating profit
1.3m
-76%
gross margin
34.5%
-48.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.4m
-0.06%
total assets
12.7m
-0.08%
cash
1.6m
-0.23%
net assets
Total assets minus all liabilities
sussex shipping limited company details
company number
11870217
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
March 2019
age
5
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MHA
address
osborne house, 12 devonshire square, london, EC2M 4TE
Bank
THE ROYAL BANK OF SCOTLAND
Legal Advisor
-
sussex shipping 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 3 charges/mortgages relating to sussex shipping limited. Currently there are 3 open charges and 0 have been satisfied in the past.
sussex shipping limited Companies House Filings - See Documents
| date | description | view/download |
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