myrnol shipping (uk) limited

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myrnol shipping (uk) limited Company Information

Share MYRNOL SHIPPING (UK) LIMITED

Company Number

12938767

Directors

Daniel Ofer

Neil Weeks

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Shareholders

first maritime holdings ltd

Group Structure

View All

Industry

Sea and coastal freight water transport

 

Registered Address

5th floor portman house, 2 portman street, london, W1H 6DU

Website

-

myrnol shipping (uk) limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of MYRNOL SHIPPING (UK) LIMITED at £2m based on a Turnover of £2.3m and 0.89x industry multiple (adjusted for size and gross margin).

myrnol shipping (uk) limited Estimated Valuation

£51.3k

Pomanda estimates the enterprise value of MYRNOL SHIPPING (UK) LIMITED at £51.3k based on an EBITDA of £17.5k and a 2.93x industry multiple (adjusted for size and gross margin).

myrnol shipping (uk) limited Estimated Valuation

£63.6k

Pomanda estimates the enterprise value of MYRNOL SHIPPING (UK) LIMITED at £63.6k based on Net Assets of £46.2k and 1.38x industry multiple (adjusted for liquidity).

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Myrnol Shipping (uk) Limited Overview

Myrnol Shipping (uk) Limited is a live company located in london, W1H 6DU with a Companies House number of 12938767. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in October 2020, it's largest shareholder is first maritime holdings ltd with a 100% stake. Myrnol Shipping (uk) Limited is a young, small sized company, Pomanda has estimated its turnover at £2.3m with high growth in recent years.

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Myrnol Shipping (uk) Limited Health Check

Pomanda's financial health check has awarded Myrnol Shipping (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£8.2m)

£2.3m - Myrnol Shipping (uk) Limited

£8.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.4%)

20% - Myrnol Shipping (uk) Limited

8.4% - Industry AVG

production

Production

with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)

34.9% - Myrnol Shipping (uk) Limited

34.9% - Industry AVG

profitability

Profitability

an operating margin of 0.8% make it less profitable than the average company (11.3%)

0.8% - Myrnol Shipping (uk) Limited

11.3% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (14)

4 - Myrnol Shipping (uk) Limited

14 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £565.1k, this is equally as efficient (£565.1k)

£565.1k - Myrnol Shipping (uk) Limited

£565.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Myrnol Shipping (uk) Limited

- - Industry AVG

MYRNOL SHIPPING (UK) LIMITED financials

EXPORTms excel logo

Myrnol Shipping (Uk) Limited's latest turnover from December 2023 is estimated at £2.3 million and the company has net assets of £46.2 thousand. According to their latest financial statements, Myrnol Shipping (Uk) Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020
Turnover2,260,3182,331,2001,768,3381,313,065
Other Income Or Grants0000
Cost Of Sales1,472,3491,513,7091,263,478996,688
Gross Profit787,970817,491504,860316,377
Admin Expenses770,441801,009480,328316,549
Operating Profit17,52916,48224,532-172
Interest Payable0000
Interest Receivable0000
Pre-Tax Profit17,52916,48224,532-172
Tax-4,382-3,132-4,6610
Profit After Tax13,14713,35119,871-172
Dividends Paid0000
Retained Profit13,14713,35119,871-172
Employee Costs0000
Number Of Employees4444
EBITDA*17,52916,48224,532-172

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020
Tangible Assets0000
Intangible Assets0000
Investments & Other46,19733,05019,7000
Debtors (Due After 1 year)0000
Total Fixed Assets46,19733,05019,7000
Stock & work in progress0000
Trade Debtors0000
Group Debtors0000
Misc Debtors0000
Cash0000
misc current assets0000
total current assets0000
total assets46,19733,05019,7000
Bank overdraft0000
Bank loan0000
Trade Creditors 0000
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities0000
total current liabilities0000
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions000171
total long term liabilities000171
total liabilities000171
net assets46,19733,05019,700-171
total shareholders funds46,19733,05019,700-171
Dec 2023Dec 2022Dec 2021Dec 2020
Operating Activities
Operating Profit17,52916,48224,532-172
Depreciation0000
Amortisation0000
Tax-4,382-3,132-4,6610
Stock0000
Debtors0000
Creditors0000
Accruals and Deferred Income0000
Deferred Taxes & Provisions00-171171
Cash flow from operations13,14713,35019,700-1
Investing Activities
capital expenditure0000
Change in Investments13,14713,35119,7000
cash flow from investments-13,147-13,351-19,7000
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue0001
interest0000
cash flow from financing0001
cash and cash equivalents
cash0000
overdraft0000
change in cash0000

myrnol shipping (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Myrnol Shipping (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for myrnol shipping (uk) limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in W1H area or any other competitors across 12 key performance metrics.

myrnol shipping (uk) limited Ownership

MYRNOL SHIPPING (UK) LIMITED group structure

Myrnol Shipping (Uk) Limited has no subsidiary companies.

Ultimate parent company

FIRST OMEGA SHIPPING INC

#0105602

FIRST MARITIME HOLDINGS LTD

#0104859

2 parents

MYRNOL SHIPPING (UK) LIMITED

12938767

MYRNOL SHIPPING (UK) LIMITED Shareholders

first maritime holdings ltd 100%

myrnol shipping (uk) limited directors

Myrnol Shipping (Uk) Limited currently has 4 directors. The longest serving directors include Mr Daniel Ofer (Oct 2020) and Mr Neil Weeks (Oct 2020).

officercountryagestartendrole
Mr Daniel OferUnited Kingdom44 years Oct 2020- Director
Mr Neil Weeks62 years Oct 2020- Director
Mr Luca DessyUnited Kingdom36 years Oct 2020- Director
Mr Samuel GonthaUnited Kingdom43 years Jul 2022- Director

P&L

December 2023

turnover

2.3m

-3%

operating profit

17.5k

0%

gross margin

34.9%

-0.59%

turnover

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

Balance Sheet

December 2023

net assets

46.2k

+0.4%

total assets

46.2k

+0.4%

cash

0

0%

net assets

Total assets minus all liabilities

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myrnol shipping (uk) limited company details

company number

12938767

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

incorporation date

October 2020

age

5

incorporated

UK

ultimate parent company

FIRST OMEGA SHIPPING INC

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

MCBRIDES ASSURANCE SERVICES LIMITED

auditor

-

address

5th floor portman house, 2 portman street, london, W1H 6DU

Bank

-

Legal Advisor

-

myrnol shipping (uk) 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 myrnol shipping (uk) limited.

myrnol shipping (uk) 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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myrnol shipping (uk) limited Companies House Filings - See Documents

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