maritime belfast trust
maritime belfast trust Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
titanic house 6 queens road, queen's island, belfast, BT3 9DT
Website
titanic-foundation.orgmaritime belfast trust Estimated Valuation
Pomanda estimates the enterprise value of MARITIME BELFAST TRUST at £1.8m based on a Turnover of £2.5m and 0.71x industry multiple (adjusted for size and gross margin).
maritime belfast trust Estimated Valuation
Pomanda estimates the enterprise value of MARITIME BELFAST TRUST at £7.3m based on an EBITDA of £1.6m and a 4.65x industry multiple (adjusted for size and gross margin).
maritime belfast trust Estimated Valuation
Pomanda estimates the enterprise value of MARITIME BELFAST TRUST at £162m based on Net Assets of £82.6m and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Maritime Belfast Trust Overview
Maritime Belfast Trust is a live company located in belfast, BT3 9DT with a Companies House number of NI064888. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in May 2007, it's largest shareholder is unknown. Maritime Belfast Trust is a established, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Maritime Belfast Trust Health Check
Pomanda's financial health check has awarded Maritime Belfast Trust a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£848.9k)
£2.5m - Maritime Belfast Trust
£848.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (8.2%)
31% - Maritime Belfast Trust
8.2% - Industry AVG
Production
with a gross margin of 40%, this company has a comparable cost of product (40%)
40% - Maritime Belfast Trust
40% - Industry AVG
Profitability
an operating margin of 5.9% make it as profitable than the average company (5.8%)
5.9% - Maritime Belfast Trust
5.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (14)
6 - Maritime Belfast Trust
14 - Industry AVG
Pay Structure
on an average salary of £51.2k, the company has a higher pay structure (£29k)
£51.2k - Maritime Belfast Trust
£29k - Industry AVG
Efficiency
resulting in sales per employee of £424.3k, this is more efficient (£73.3k)
£424.3k - Maritime Belfast Trust
£73.3k - Industry AVG
Debtor Days
it gets paid by customers after 291 days, this is later than average (28 days)
291 days - Maritime Belfast Trust
28 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (37 days)
25 days - Maritime Belfast Trust
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Maritime Belfast Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 310 weeks, this is more cash available to meet short term requirements (57 weeks)
310 weeks - Maritime Belfast Trust
57 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.6%, this is a lower level of debt than the average (38%)
0.6% - Maritime Belfast Trust
38% - Industry AVG
MARITIME BELFAST TRUST financials
Maritime Belfast Trust's latest turnover from March 2024 is £2.5 million and the company has net assets of £82.6 million. According to their latest financial statements, Maritime Belfast Trust has 6 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,545,692 | 1,521,872 | 1,395,814 | 1,125,495 | 1,590,916 | 1,716,229 | 2,039,232 | 1,220,517 | 9,013,838 | 1,021,300 | 989,886 | 3,816,441 | 33,141,000 | 18,402,000 | 32,318,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 233,313 | -4,986,166 | -622,078 | -778,307 | -506,507 | -43,289 | 288,128 | -489,855 | 6,233,051 | -1,457,294 | -898,648 | 2,127,058 | 32,445,000 | 18,271,000 | 32,316,000 |
| Tax | |||||||||||||||
| Profit After Tax | 233,313 | -4,986,166 | -622,078 | -778,307 | -506,507 | -43,289 | 288,128 | -489,855 | 6,233,051 | -1,457,294 | -898,648 | 2,127,058 | 32,445,000 | 18,271,000 | 32,316,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 233,313 | -4,986,166 | -622,078 | -778,307 | -506,507 | -43,289 | 288,128 | -489,855 | 6,233,051 | -1,457,294 | -898,648 | 2,127,058 | 32,445,000 | 18,271,000 | 32,316,000 |
| Employee Costs | 307,299 | 264,526 | 278,006 | 251,942 | 201,701 | 192,056 | 187,583 | 177,413 | 194,774 | 149,228 | 106,260 | 145,835 | 93,000 | 16,000 | |
| Number Of Employees | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 4 | 3 | 3 | 3 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 77,725,180 | 78,963,448 | 80,383,590 | 73,580,084 | 82,672,907 | 83,940,124 | 85,234,976 | 85,971,978 | 87,286,471 | 81,536,042 | 82,745,880 | 83,183,988 | 81,666,000 | 50,235,000 | 28,677,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1 | 1 | 1 | 7,857,971 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 77,725,181 | 78,963,449 | 80,383,591 | 81,438,055 | 82,672,908 | 83,940,125 | 85,234,977 | 85,971,979 | 87,286,472 | 81,536,043 | 82,745,881 | 83,183,989 | 81,666,001 | 50,235,000 | 28,677,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 2,033,974 | 752,068 | 689,428 | 1,431,940 | 1,243,974 | 1,362,592 | 1,232,992 | 397,128 | 232,243 | 194,869 | 981,894 | 1,338,686 | 192,000 | 1,761,000 | |
| Group Debtors | 16,693 | 3,042 | 8,809 | 5,172 | 15,246 | 17,455 | 15,022 | 16,594 | 34,548 | ||||||
| Misc Debtors | 347,034 | 556,141 | 214,845 | 20,550 | 24,692 | 6,281 | 67,560 | 756,763 | 675,874 | 622,520 | 51,901 | 20,650 | 375,000 | 2,086,000 | 1,798,000 |
| Cash | 2,951,613 | 3,167,727 | 6,329,106 | 5,266,049 | 5,021,692 | 4,095,192 | 2,979,886 | 2,300,969 | 1,545,165 | 1,276,906 | 1,328,060 | 1,401,169 | 1,624,999 | 4,244,000 | 4,612,000 |
| misc current assets | |||||||||||||||
| total current assets | 5,349,314 | 4,478,978 | 7,242,188 | 6,723,711 | 6,305,604 | 5,481,520 | 4,295,460 | 3,471,454 | 2,487,830 | 2,094,295 | 2,361,855 | 2,760,505 | 2,191,999 | 6,330,000 | 8,171,000 |
| total assets | 83,074,495 | 83,442,427 | 87,625,779 | 88,161,766 | 88,978,512 | 89,421,645 | 89,530,437 | 89,443,433 | 89,774,302 | 83,630,338 | 85,107,736 | 85,944,494 | 83,858,000 | 56,565,000 | 36,848,000 |
| Bank overdraft | 125 | 53 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 106,250 | 249,520 | 127,452 | 20,571 | 84,827 | 11,966 | 77,798 | 27,277 | 6,382 | 13,296 | 57,182 | 90,438 | 66,000 | 47,000 | |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 387,667 | 845,642 | 164,896 | 185,686 | 159,869 | 169,356 | 133,199 | 384,719 | 246,753 | 328,873 | 305,144 | 209,998 | 275,000 | 5,493,000 | 4,000,000 |
| total current liabilities | 493,917 | 1,095,162 | 292,348 | 206,257 | 244,696 | 181,322 | 210,997 | 412,121 | 253,135 | 342,222 | 362,326 | 300,436 | 341,000 | 5,493,000 | 4,047,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 493,917 | 1,095,162 | 292,348 | 206,257 | 244,696 | 181,322 | 210,997 | 412,121 | 253,135 | 342,222 | 362,326 | 300,436 | 341,000 | 5,493,000 | 4,047,000 |
| net assets | 82,580,578 | 82,347,265 | 87,333,431 | 87,955,509 | 88,733,816 | 89,240,323 | 89,319,440 | 89,031,312 | 89,521,167 | 83,288,116 | 84,745,410 | 85,644,058 | 83,517,000 | 51,072,000 | 32,801,000 |
| total shareholders funds | 82,580,578 | 82,347,265 | 87,333,431 | 87,955,509 | 88,733,816 | 89,240,323 | 89,319,440 | 89,031,312 | 89,521,167 | 83,288,116 | 84,745,410 | 85,644,058 | 83,517,000 | 51,072,000 | 32,801,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,422,825 | 1,422,342 | 1,386,330 | 1,339,785 | 1,332,320 | 1,326,361 | 1,327,786 | 1,314,493 | 1,495,433 | 1,494,444 | 1,485,085 | 1,452,218 | 2,000 | ||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 1,086,450 | 398,169 | -544,580 | 173,750 | -102,416 | 70,754 | 145,089 | 227,820 | 125,276 | -216,406 | -325,541 | 792,336 | -1,519,000 | -1,473,000 | 3,559,000 |
| Creditors | -143,270 | 122,068 | 106,881 | -64,256 | 72,861 | -65,832 | 50,521 | 20,895 | -6,914 | -43,886 | -33,256 | 24,438 | 66,000 | -47,000 | 47,000 |
| Accruals and Deferred Income | -457,975 | 680,746 | -20,790 | 25,817 | -9,487 | 36,157 | -251,520 | 137,966 | -82,120 | 23,729 | 95,146 | -65,002 | -5,218,000 | 1,493,000 | 4,000,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -31,509 | -589,455 | -7,813,580 | -284,605 | -2,970,062 | -31,433,000 | -21,558,000 | -24,262,000 | |||||||
| Change in Investments | -7,857,970 | 7,857,970 | 1 | ||||||||||||
| cash flow from investments | 7,857,970 | -7,857,970 | -31,509 | -589,455 | -7,813,580 | -284,605 | -2,970,062 | -31,433,001 | -21,558,000 | -24,262,000 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -35,828 | 485,000 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -216,114 | -3,161,379 | 1,063,057 | 244,357 | 926,500 | 1,115,306 | 678,917 | 755,804 | 268,259 | -51,154 | -73,109 | -223,830 | -2,619,001 | -368,000 | 4,612,000 |
| overdraft | -125 | 125 | -53 | 53 | |||||||||||
| change in cash | -216,114 | -3,161,379 | 1,063,057 | 244,357 | 926,500 | 1,115,306 | 679,042 | 755,679 | 268,312 | -51,207 | -73,109 | -223,830 | -2,619,001 | -368,000 | 4,612,000 |
maritime belfast trust Credit Report and Business Information
Maritime Belfast Trust Competitor Analysis
Perform a competitor analysis for maritime belfast trust by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in BT3 area or any other competitors across 12 key performance metrics.
maritime belfast trust Ownership
MARITIME BELFAST TRUST group structure
Maritime Belfast Trust has no subsidiary companies.
Ultimate parent company
MARITIME BELFAST TRUST
NI064888
maritime belfast trust directors
Maritime Belfast Trust currently has 10 directors. The longest serving directors include Dr Denis Rooney (Mar 2018) and Ms Mary MacIntyre (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Denis Rooney | 76 years | Mar 2018 | - | Director | |
| Ms Mary MacIntyre | 70 years | Mar 2018 | - | Director | |
| Mr Kevin Kingston | Northern Ireland | 58 years | Jun 2019 | - | Director |
| Mr Gerard Hughes | 64 years | Jun 2019 | - | Director | |
| Mr William Black | 62 years | Nov 2021 | - | Director | |
| Mrs Judith Davis | 54 years | Nov 2021 | - | Director | |
| Mr Timothy Losty | Northern Ireland | 64 years | Jan 2022 | - | Director |
| Mrs Victoria Kingston | 50 years | Nov 2023 | - | Director | |
| Ms Karen Cooksley | England | 59 years | Nov 2023 | - | Director |
| Mr Stuart Henry | 61 years | Nov 2024 | - | Director |
P&L
March 2024turnover
2.5m
+67%
operating profit
150.5k
0%
gross margin
40.1%
-1.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
82.6m
0%
total assets
83.1m
0%
cash
3m
-0.07%
net assets
Total assets minus all liabilities
maritime belfast trust company details
company number
NI064888
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
96090 - Other personal service activities n.e.c.
incorporation date
May 2007
age
18
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
the titanic foundation limited (October 2020)
accountant
-
auditor
FINEGAN GIBSON LTD
address
titanic house 6 queens road, queen's island, belfast, BT3 9DT
Bank
DANSKE BANK
Legal Advisor
-
maritime belfast trust 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 5 charges/mortgages relating to maritime belfast trust. Currently there are 5 open charges and 0 have been satisfied in the past.
maritime belfast trust 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 MARITIME BELFAST TRUST. This can take several minutes, an email will notify you when this has completed.
maritime belfast trust Companies House Filings - See Documents
| date | description | view/download |
|---|
