trassey shipping limited
trassey shipping limited Company Information
Company Number
NI024017
Website
-Registered Address
c/0 tom armstrong, 14 oakwood park, belfast, BT9 6SE
Industry
Sea and coastal freight water transport
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
fred. olsen limited 100%
trassey shipping limited Estimated Valuation
Pomanda estimates the enterprise value of TRASSEY SHIPPING LIMITED at £0 based on a Turnover of £0 and 0.8x industry multiple (adjusted for size and gross margin).
trassey shipping limited Estimated Valuation
Pomanda estimates the enterprise value of TRASSEY SHIPPING LIMITED at £0 based on an EBITDA of £-43k and a 3.26x industry multiple (adjusted for size and gross margin).
trassey shipping limited Estimated Valuation
Pomanda estimates the enterprise value of TRASSEY SHIPPING LIMITED at £21.6m based on Net Assets of £13.9m and 1.56x industry multiple (adjusted for liquidity).
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Trassey Shipping Limited Overview
Trassey Shipping Limited is a live company located in belfast, BT9 6SE with a Companies House number of NI024017. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in December 1989, it's largest shareholder is fred. olsen limited with a 100% stake. Trassey Shipping Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Trassey Shipping Limited Health Check
Pomanda's financial health check has awarded Trassey Shipping Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Trassey Shipping Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.5%, this is a lower level of debt than the average (57.2%)
- - Trassey Shipping Limited
- - Industry AVG
TRASSEY SHIPPING LIMITED financials
Trassey Shipping Limited's latest turnover from December 2023 is 0 and the company has net assets of £13.9 million. According to their latest financial statements, we estimate that Trassey Shipping Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,000 | 39,000 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 0 | 0 | |||||||||||||
| Gross Profit | 48,000 | 39,000 | |||||||||||||
| Admin Expenses | 0 | 0 | |||||||||||||
| Operating Profit | -43,000 | -39,000 | -38,000 | -27,000 | -26,000 | -25,000 | -24,000 | -24,000 | -25,000 | -27,000 | -23,000 | 48,000 | 39,000 | -166,000 | -25,000 |
| Interest Payable | 5,185,000 | 3,856,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,588,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 287,000 | 288,000 | 7,301,000 | 3,045,000 | 7,237,000 | 0 | 0 | 131,000 | 167,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -4,941,000 | -3,607,000 | 7,263,000 | 3,018,000 | 7,211,000 | 576,000 | 1,348,000 | 1,713,000 | -1,446,000 | -4,631,000 | -1,166,000 | 470,000 | 684,000 | 428,000 | 973,000 |
| Tax | 1,234,000 | 981,000 | -2,622,000 | -520,000 | -1,324,000 | -72,000 | -204,000 | -652,000 | 5,000 | 6,000 | 5,000 | -12,000 | -4,000 | 72,000 | 0 |
| Profit After Tax | -3,707,000 | -2,626,000 | 4,641,000 | 2,498,000 | 5,887,000 | 504,000 | 1,144,000 | 1,061,000 | -1,441,000 | -4,625,000 | -1,161,000 | 458,000 | 680,000 | 500,000 | 973,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 530,000 | 623,000 | 425,000 | 0 | 0 | 0 |
| Retained Profit | -3,707,000 | -2,626,000 | 4,641,000 | 2,498,000 | 5,887,000 | 504,000 | 1,144,000 | 1,061,000 | -1,441,000 | -5,155,000 | -1,784,000 | 33,000 | 680,000 | 500,000 | 973,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | |||||||||||||||
| EBITDA* | -43,000 | -39,000 | -38,000 | -27,000 | -26,000 | -25,000 | -24,000 | -24,000 | -25,000 | -27,000 | -23,000 | 48,000 | 39,000 | -166,000 | -25,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 14,362,000 | 19,548,000 | 23,404,000 | 16,442,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,362,000 | 19,548,000 | 23,404,000 | 16,442,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,647,000 | 2,470,000 | 2,215,000 | 1,913,000 | 1,650,000 | 1,454,000 | 1,329,000 | 1,202,000 | 1,090,000 | 943,000 | 4,659,000 | 4,498,000 | 4,454,000 | 3,933,000 | 3,361,000 |
| Misc Debtors | 10,000 | 0 | 7,000 | 5,000 | 5,000 | 5,000 | 4,000 | 5,000 | 5,000 | 6,000 | 5,000 | 0 | 0 | 72,000 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 6,660,000 | 6,206,000 | 4,980,000 | 3,373,000 | 4,961,000 | 10,095,000 | 1,114,000 | 1,114,000 | 1,114,000 | 1,114,000 |
| total current assets | 2,657,000 | 2,470,000 | 2,222,000 | 1,918,000 | 15,336,000 | 8,119,000 | 7,539,000 | 6,187,000 | 4,468,000 | 5,910,000 | 14,759,000 | 5,612,000 | 5,568,000 | 5,119,000 | 4,475,000 |
| total assets | 17,019,000 | 22,018,000 | 25,626,000 | 18,360,000 | 15,336,000 | 8,119,000 | 7,539,000 | 6,187,000 | 4,468,000 | 5,910,000 | 14,759,000 | 5,612,000 | 5,568,000 | 5,119,000 | 4,475,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,000 | 5,000 | 6,000 | 5,000 | 4,000 | 3,000 | 4,000 | 4,000 | 3,000 | 4,000 | 3,000 | 17,000 | 6,000 | 237,000 | 93,000 |
| total current liabilities | 9,000 | 5,000 | 6,000 | 5,000 | 4,000 | 3,000 | 4,000 | 4,000 | 3,000 | 4,000 | 3,000 | 17,000 | 6,000 | 237,000 | 93,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,143,000 | 4,439,000 | 5,420,000 | 2,796,000 | 2,271,000 | 942,000 | 865,000 | 657,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,143,000 | 4,439,000 | 5,420,000 | 2,796,000 | 2,271,000 | 942,000 | 865,000 | 657,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,152,000 | 4,444,000 | 5,426,000 | 2,801,000 | 2,275,000 | 945,000 | 869,000 | 661,000 | 3,000 | 4,000 | 3,000 | 17,000 | 6,000 | 237,000 | 93,000 |
| net assets | 13,867,000 | 17,574,000 | 20,200,000 | 15,559,000 | 13,061,000 | 7,174,000 | 6,670,000 | 5,526,000 | 4,465,000 | 5,906,000 | 14,756,000 | 5,595,000 | 5,562,000 | 4,882,000 | 4,382,000 |
| total shareholders funds | 13,867,000 | 17,574,000 | 20,200,000 | 15,559,000 | 13,061,000 | 7,174,000 | 6,670,000 | 5,526,000 | 4,465,000 | 5,906,000 | 14,756,000 | 5,595,000 | 5,562,000 | 4,882,000 | 4,382,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -43,000 | -39,000 | -38,000 | -27,000 | -26,000 | -25,000 | -24,000 | -24,000 | -25,000 | -27,000 | -23,000 | 48,000 | 39,000 | -166,000 | -25,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,234,000 | 981,000 | -2,622,000 | -520,000 | -1,324,000 | -72,000 | -204,000 | -652,000 | 5,000 | 6,000 | 5,000 | -12,000 | -4,000 | 72,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 187,000 | 248,000 | 304,000 | 263,000 | 196,000 | 126,000 | 126,000 | 112,000 | 146,000 | -3,715,000 | 166,000 | 44,000 | 449,000 | 644,000 | 3,361,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 4,000 | -1,000 | 1,000 | 1,000 | 1,000 | -1,000 | 0 | 1,000 | -1,000 | 1,000 | -14,000 | 11,000 | -231,000 | 144,000 | 93,000 |
| Deferred Taxes & Provisions | -1,296,000 | -981,000 | 2,624,000 | 525,000 | 1,329,000 | 77,000 | 208,000 | 657,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -288,000 | -288,000 | -339,000 | -284,000 | -216,000 | -147,000 | -146,000 | -130,000 | -167,000 | 3,695,000 | -198,000 | 3,000 | -645,000 | -594,000 | -3,293,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -5,186,000 | -3,856,000 | 6,962,000 | 16,442,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -4,898,000 | -3,568,000 | 7,301,000 | 3,045,000 | 7,237,000 | 0 | 0 | 131,000 | -1,421,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -4,898,000 | -3,568,000 | 7,301,000 | 3,045,000 | 7,237,000 | 0 | 0 | 131,000 | -1,421,000 | -3,695,000 | 10,945,000 | 0 | 0 | 0 | 3,409,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
trassey shipping limited Credit Report and Business Information
Trassey Shipping Limited Competitor Analysis
Perform a competitor analysis for trassey shipping limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
trassey shipping limited Ownership
TRASSEY SHIPPING LIMITED group structure
Trassey Shipping Limited has no subsidiary companies.
Ultimate parent company
2 parents
TRASSEY SHIPPING LIMITED
NI024017
trassey shipping limited directors
Trassey Shipping Limited currently has 2 directors. The longest serving directors include Mr Nicholas Emery (Apr 2013) and Mrs Belinda Mindell (Mar 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Emery | 63 years | Apr 2013 | - | Director | |
| Mrs Belinda Mindell | England | 57 years | Mar 2016 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-43k
+10%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
13.9m
-0.21%
total assets
17m
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
trassey shipping limited company details
company number
NI024017
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
December 1989
age
35
accounts
Full Accounts
ultimate parent company
previous names
harland ocean transport limited (October 1991)
incorporated
UK
address
c/0 tom armstrong, 14 oakwood park, belfast, BT9 6SE
last accounts submitted
December 2023
trassey 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 24 charges/mortgages relating to trassey shipping limited. Currently there are 0 open charges and 24 have been satisfied in the past.
trassey shipping limited Companies House Filings - See Documents
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