octagon marine limited
octagon marine limited Company Information
Company Number
13482789
Website
-Registered Address
unit 1 ocean building, queen anne's battery, plymouth, devon, PL4 0LP
Industry
Installation of industrial machinery and equipment
Telephone
01752222249
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
paul stewart-reed 50%
michael berry 50%
octagon marine limited Estimated Valuation
Pomanda estimates the enterprise value of OCTAGON MARINE LIMITED at £122.2k based on a Turnover of £266.8k and 0.46x industry multiple (adjusted for size and gross margin).
octagon marine limited Estimated Valuation
Pomanda estimates the enterprise value of OCTAGON MARINE LIMITED at £0 based on an EBITDA of £-16.1k and a 3.62x industry multiple (adjusted for size and gross margin).
octagon marine limited Estimated Valuation
Pomanda estimates the enterprise value of OCTAGON MARINE LIMITED at £0 based on Net Assets of £-13.1k and 2.71x industry multiple (adjusted for liquidity).
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Octagon Marine Limited Overview
Octagon Marine Limited is a live company located in plymouth, PL4 0LP with a Companies House number of 13482789. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in June 2021, it's largest shareholder is paul stewart-reed with a 50% stake. Octagon Marine Limited is a startup, micro sized company, Pomanda has estimated its turnover at £266.8k with unknown growth in recent years.
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Octagon Marine Limited Health Check
Pomanda's financial health check has awarded Octagon Marine Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £266.8k, make it smaller than the average company (£11.5m)
- Octagon Marine Limited
£11.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Octagon Marine Limited
- - Industry AVG
Production
with a gross margin of 17.9%, this company has a higher cost of product (29.9%)
- Octagon Marine Limited
29.9% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (4.1%)
- Octagon Marine Limited
4.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (46)
3 - Octagon Marine Limited
46 - Industry AVG
Pay Structure
on an average salary of £52.5k, the company has an equivalent pay structure (£52.5k)
- Octagon Marine Limited
£52.5k - Industry AVG
Efficiency
resulting in sales per employee of £88.9k, this is less efficient (£224k)
- Octagon Marine Limited
£224k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is earlier than average (67 days)
- Octagon Marine Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (38 days)
- Octagon Marine Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Octagon Marine Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Octagon Marine Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 115.5%, this is a higher level of debt than the average (59.1%)
115.5% - Octagon Marine Limited
59.1% - Industry AVG
OCTAGON MARINE LIMITED financials
Octagon Marine Limited's latest turnover from December 2023 is estimated at £266.8 thousand and the company has net assets of -£13.1 thousand. According to their latest financial statements, Octagon Marine Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| 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 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 50,200 | 66,482 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 50,200 | 66,482 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 34,067 | 24,918 | 50,165 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 3,367 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 34,067 | 28,285 | 50,165 |
| total assets | 84,267 | 94,767 | 50,165 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 96,588 | 90,956 | 46,273 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 96,588 | 90,956 | 46,273 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 750 | 750 | 3,792 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 750 | 750 | 3,792 |
| total liabilities | 97,338 | 91,706 | 50,065 |
| net assets | -13,071 | 3,061 | 100 |
| total shareholders funds | -13,071 | 3,061 | 100 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | ||
| Amortisation | 0 | ||
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 5,782 | -21,880 | 50,165 |
| Creditors | 5,632 | 44,683 | 46,273 |
| Accruals and Deferred Income | 0 | -3,042 | 3,792 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
octagon marine limited Credit Report and Business Information
Octagon Marine Limited Competitor Analysis
Perform a competitor analysis for octagon marine limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in PL4 area or any other competitors across 12 key performance metrics.
octagon marine limited Ownership
OCTAGON MARINE LIMITED group structure
Octagon Marine Limited has no subsidiary companies.
Ultimate parent company
OCTAGON MARINE LIMITED
13482789
octagon marine limited directors
Octagon Marine Limited currently has 2 directors. The longest serving directors include Mr Michael Berry (Jun 2021) and Mr Paul Stewart-Reed (Apr 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Berry | England | 34 years | Jun 2021 | - | Director |
| Mr Paul Stewart-Reed | England | 55 years | Apr 2023 | - | Director |
P&L
December 2023turnover
266.8k
+6%
operating profit
-16.1k
0%
gross margin
17.9%
-1.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-13.1k
-5.27%
total assets
84.3k
-0.11%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
octagon marine limited company details
company number
13482789
Type
Private limited with Share Capital
industry
33200 - Installation of industrial machinery and equipment
incorporation date
June 2021
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
offshore yacht solutions limited (December 2021)
accountant
-
auditor
-
address
unit 1 ocean building, queen anne's battery, plymouth, devon, PL4 0LP
Bank
-
Legal Advisor
-
octagon 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 octagon marine limited.
octagon marine limited Companies House Filings - See Documents
| date | description | view/download |
|---|
