scottish fishermen's organisation limited
scottish fishermen's organisation limited Company Information
Group Structure
View All
Industry
Marine fishing
Registered Address
braehead, 601 queensferry road, edinburgh, EH4 6EA
Website
www.scottishfisherman.co.ukscottish fishermen's organisation limited Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH FISHERMEN'S ORGANISATION LIMITED at £13.5m based on a Turnover of £16.8m and 0.8x industry multiple (adjusted for size and gross margin).
scottish fishermen's organisation limited Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH FISHERMEN'S ORGANISATION LIMITED at £11.7m based on an EBITDA of £2.1m and a 5.44x industry multiple (adjusted for size and gross margin).
scottish fishermen's organisation limited Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH FISHERMEN'S ORGANISATION LIMITED at £90.3m based on Net Assets of £41.3m and 2.19x industry multiple (adjusted for liquidity).
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Scottish Fishermen's Organisation Limited Overview
Scottish Fishermen's Organisation Limited is a live company located in edinburgh, EH4 6EA with a Companies House number of SC053475. It operates in the marine fishing sector, SIC Code 03110. Founded in June 1973, it's largest shareholder is unknown. Scottish Fishermen's Organisation Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.8m with healthy growth in recent years.
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Scottish Fishermen's Organisation Limited Health Check
Pomanda's financial health check has awarded Scottish Fishermen'S Organisation Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £16.8m, make it larger than the average company (£10.5m)
£16.8m - Scottish Fishermen's Organisation Limited
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.9%)
10% - Scottish Fishermen's Organisation Limited
4.9% - Industry AVG
Production
with a gross margin of 26.9%, this company has a comparable cost of product (28.2%)
26.9% - Scottish Fishermen's Organisation Limited
28.2% - Industry AVG
Profitability
an operating margin of 11.5% make it less profitable than the average company (16%)
11.5% - Scottish Fishermen's Organisation Limited
16% - Industry AVG
Employees
with 78 employees, this is above the industry average (11)
78 - Scottish Fishermen's Organisation Limited
11 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has an equivalent pay structure (£40.9k)
£32.8k - Scottish Fishermen's Organisation Limited
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £215.7k, this is less efficient (£260.5k)
£215.7k - Scottish Fishermen's Organisation Limited
£260.5k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (37 days)
39 days - Scottish Fishermen's Organisation Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (17 days)
4 days - Scottish Fishermen's Organisation Limited
17 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (20 days)
15 days - Scottish Fishermen's Organisation Limited
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 444 weeks, this is more cash available to meet short term requirements (64 weeks)
444 weeks - Scottish Fishermen's Organisation Limited
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.8%, this is a lower level of debt than the average (38.5%)
2.8% - Scottish Fishermen's Organisation Limited
38.5% - Industry AVG
SCOTTISH FISHERMEN'S ORGANISATION LIMITED financials
Scottish Fishermen'S Organisation Limited's latest turnover from December 2023 is £16.8 million and the company has net assets of £41.3 million. According to their latest financial statements, Scottish Fishermen'S Organisation Limited has 78 employees and maintains cash reserves of £5.9 million 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 | 16,823,550 | 16,269,135 | 13,935,901 | 12,513,504 | 18,524,076 | 15,863,865 | 19,636,671 | 19,159,138 | 14,781,832 | 16,179,413 | 14,420,870 | 15,887,383 | 15,792,587 | 15,923,508 | 13,074,608 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 12,291,235 | 11,819,334 | 9,843,234 | 8,441,865 | 13,398,176 | 11,239,884 | 13,503,777 | 12,722,413 | 10,737,693 | 12,458,848 | 11,734,724 | 13,281,188 | 13,196,989 | 13,482,506 | 10,480,846 |
| Gross Profit | 4,532,315 | 4,449,801 | 4,092,667 | 4,071,639 | 5,125,900 | 4,623,981 | 6,132,894 | 6,436,725 | 4,044,139 | 3,720,565 | 2,686,146 | 2,606,195 | 2,595,598 | 2,441,002 | 2,593,762 |
| Admin Expenses | 2,603,128 | 1,753,701 | 1,507,171 | 1,355,875 | 1,849,004 | 1,825,327 | 1,772,997 | 1,711,364 | 1,470,115 | 1,667,307 | 1,504,998 | 1,765,751 | 1,532,099 | 1,312,305 | 1,189,062 |
| Operating Profit | 1,929,187 | 2,696,100 | 2,585,496 | 2,715,764 | 3,276,896 | 2,798,654 | 4,359,897 | 4,725,361 | 2,574,024 | 2,053,258 | 1,181,148 | 840,444 | 1,063,499 | 1,128,697 | 1,404,700 |
| Interest Payable | 3,457 | 2,793 | 2,603 | 2,668 | 8,259 | 20,198 | 41,180 | 35,968 | 68,998 | 97,010 | 128,502 | 129,245 | 60,586 | 24,312 | |
| Interest Receivable | 14,416 | 33,527 | 22,070 | 51,815 | 74,690 | ||||||||||
| Pre-Tax Profit | 1,929,187 | 2,692,643 | 2,582,703 | 2,727,577 | 3,307,755 | 2,812,465 | 4,391,514 | 4,758,871 | 2,538,056 | 1,984,260 | 1,084,137 | 711,942 | 934,254 | 1,068,111 | 1,380,388 |
| Tax | 44,953 | -81,517 | -74,998 | -20,556 | -54,847 | -50,361 | -243,642 | -252,598 | -40,255 | -40,819 | 6,200 | 51,951 | -34,409 | -14,922 | -47,745 |
| Profit After Tax | 1,974,140 | 2,611,126 | 2,507,705 | 2,707,021 | 3,252,908 | 2,762,104 | 4,147,872 | 4,506,273 | 2,497,801 | 1,943,441 | 1,090,337 | 763,893 | 899,845 | 1,053,189 | 1,332,643 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,974,140 | 2,611,126 | 2,507,705 | 2,707,021 | 3,252,908 | 2,762,104 | 4,147,872 | 4,506,273 | 2,497,801 | 1,943,441 | 1,090,337 | 763,893 | 899,845 | 1,053,189 | 1,332,643 |
| Employee Costs | 2,560,890 | 2,318,040 | 2,111,681 | 2,082,144 | 2,101,427 | 1,994,736 | 1,973,775 | 1,743,285 | 1,674,003 | 1,712,513 | 1,366,796 | 1,783,348 | 1,556,032 | 1,727,538 | 1,617,585 |
| Number Of Employees | 78 | 73 | 70 | 65 | 60 | 59 | 64 | 61 | 63 | 61 | 68 | 69 | 61 | 58 | 59 |
| EBITDA* | 2,142,193 | 2,920,175 | 2,802,923 | 2,941,128 | 3,477,445 | 3,093,868 | 4,673,281 | 5,058,834 | 2,916,299 | 2,402,609 | 1,571,637 | 1,251,626 | 1,325,059 | 1,375,301 | 1,541,918 |
* 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 | 2,359,379 | 2,493,682 | 2,611,754 | 2,689,143 | 2,758,304 | 2,859,719 | 2,830,706 | 2,795,787 | 3,001,978 | 3,276,494 | 3,584,363 | 3,973,832 | 3,334,061 | 3,451,274 | 1,966,140 |
| Intangible Assets | 30,486,320 | 28,701,320 | 19,497,653 | 19,004,523 | 18,289,123 | 17,430,023 | |||||||||
| Investments & Other | 2,850 | 2,850 | 2,850 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | 2,700 | |
| Debtors (Due After 1 year) | 85,000 | ||||||||||||||
| Total Fixed Assets | 32,845,699 | 31,197,852 | 22,112,257 | 21,696,516 | 21,050,127 | 20,292,442 | 2,833,406 | 2,798,487 | 3,004,678 | 3,364,194 | 3,587,063 | 3,976,532 | 3,336,761 | 3,453,974 | 1,968,840 |
| Stock & work in progress | 533,932 | 372,537 | 267,037 | 785,286 | 2,137,758 | 1,255,033 | 14,494,255 | 12,534,345 | 10,198,075 | 10,270,093 | 8,335,074 | 7,847,439 | 5,720,202 | 4,110,865 | 5,347,812 |
| Trade Debtors | 1,825,557 | 2,277,472 | 1,810,127 | 1,678,177 | 2,555,553 | 2,034,670 | 2,288,818 | 2,988,086 | 2,470,419 | 2,952,258 | 2,693,735 | 2,608,772 | 2,975,675 | 2,730,814 | 2,023,785 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,305,774 | 1,185,874 | 911,703 | 854,654 | 640,746 | 485,388 | 724,154 | 677,663 | 369,041 | 471,196 | 711,321 | 287,105 | 712,615 | 442,537 | 439,074 |
| Cash | 5,942,682 | 5,365,823 | 12,738,633 | 10,197,797 | 6,406,096 | 5,362,870 | 6,247,814 | 4,026,715 | 2,696,666 | 531,144 | 1,445,587 | 517,905 | 951,589 | 1,610,022 | 947 |
| misc current assets | |||||||||||||||
| total current assets | 9,607,945 | 9,201,706 | 15,727,500 | 13,515,914 | 11,740,153 | 9,137,961 | 23,755,041 | 20,226,809 | 15,734,201 | 14,224,691 | 13,185,717 | 11,261,221 | 10,360,081 | 8,894,238 | 7,811,618 |
| total assets | 42,453,644 | 40,399,558 | 37,839,757 | 35,212,430 | 32,790,280 | 29,430,403 | 26,588,447 | 23,025,296 | 18,738,879 | 17,588,885 | 16,772,780 | 15,237,753 | 13,696,842 | 12,348,212 | 9,780,458 |
| Bank overdraft | 501,664 | 799,401 | 36,556 | ||||||||||||
| Bank loan | 214,286 | 342,858 | 342,856 | 342,857 | 342,856 | 342,855 | 171,429 | ||||||||
| Trade Creditors | 146,865 | 70,795 | 69,724 | 85,427 | 88,267 | 155,985 | 642,348 | 110,408 | 34,076 | 459,611 | 1,551,918 | 207,085 | 9,748 | 468,070 | 388,712 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 548,161 | 516,358 | 548,788 | 411,730 | 683,526 | 495,209 | 678,006 | 523,205 | 486,658 | 211,928 | 243,890 | 333,460 | 268,155 | 404,789 | |
| total current liabilities | 695,026 | 587,153 | 618,512 | 497,157 | 771,793 | 651,194 | 642,348 | 1,002,700 | 900,139 | 1,790,789 | 2,106,703 | 1,593,232 | 686,063 | 907,654 | 830,057 |
| loans | 171,429 | 385,714 | 728,573 | 1,071,430 | 1,414,286 | 1,757,145 | 1,028,571 | ||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 334,618 | 362,020 | 389,422 | 416,824 | 444,226 | 390,000 | 200,000 | ||||||||
| provisions | 143,549 | 144,074 | 136,638 | 108,816 | 87,800 | 73,989 | 59,500 | 41,200 | 50,700 | 727,557 | 798,155 | 910,977 | 687,422 | 69,538 | 54,969 |
| total long term liabilities | 478,167 | 506,094 | 526,060 | 525,640 | 532,026 | 73,989 | 59,500 | 212,629 | 436,414 | 1,456,130 | 2,259,585 | 2,325,263 | 2,444,567 | 1,098,109 | 254,969 |
| total liabilities | 1,173,193 | 1,093,247 | 1,144,572 | 1,022,797 | 1,303,819 | 725,183 | 701,848 | 1,215,329 | 1,336,553 | 3,246,919 | 4,366,288 | 3,918,495 | 3,130,630 | 2,005,763 | 1,085,026 |
| net assets | 41,280,451 | 39,306,311 | 36,695,185 | 34,189,633 | 31,486,461 | 28,705,220 | 25,886,599 | 21,809,967 | 17,402,326 | 14,341,966 | 12,406,492 | 11,319,258 | 10,566,212 | 10,342,449 | 8,695,432 |
| total shareholders funds | 41,280,451 | 39,306,311 | 36,695,185 | 34,189,633 | 31,486,461 | 28,705,220 | 25,886,599 | 21,809,967 | 17,402,326 | 14,341,966 | 12,406,492 | 11,319,258 | 10,566,212 | 10,342,449 | 8,695,432 |
| 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 | 1,929,187 | 2,696,100 | 2,585,496 | 2,715,764 | 3,276,896 | 2,798,654 | 4,359,897 | 4,725,361 | 2,574,024 | 2,053,258 | 1,181,148 | 840,444 | 1,063,499 | 1,128,697 | 1,404,700 |
| Depreciation | 213,006 | 224,075 | 217,427 | 225,364 | 200,549 | 295,214 | 313,384 | 333,473 | 342,275 | 349,351 | 390,489 | 411,182 | 261,560 | 246,604 | 137,218 |
| Amortisation | |||||||||||||||
| Tax | 44,953 | -81,517 | -74,998 | -20,556 | -54,847 | -50,361 | -243,642 | -252,598 | -40,255 | -40,819 | 6,200 | 51,951 | -34,409 | -14,922 | -47,745 |
| Stock | 161,395 | 105,500 | -518,249 | -1,352,472 | 882,725 | -13,239,222 | 1,959,910 | 2,336,270 | -72,018 | 1,935,019 | 487,635 | 2,127,237 | 1,609,337 | -1,236,947 | 5,347,812 |
| Debtors | -332,015 | 741,516 | 188,999 | -663,468 | 676,241 | -492,914 | -652,777 | 826,289 | -668,994 | 103,398 | 509,179 | -792,413 | 514,939 | 710,492 | 2,462,859 |
| Creditors | 76,070 | 1,071 | -15,703 | -2,840 | -67,718 | -486,363 | 531,940 | 76,332 | -425,535 | -1,092,307 | 1,344,833 | 197,337 | -458,322 | 79,358 | 388,712 |
| Accruals and Deferred Income | 31,803 | -32,430 | 137,058 | -271,796 | 188,317 | 495,209 | -678,006 | 154,801 | 36,547 | 274,730 | -31,962 | -89,570 | 65,305 | -136,634 | 404,789 |
| Deferred Taxes & Provisions | -525 | 7,436 | 27,822 | 21,016 | 13,811 | 14,489 | 18,300 | -9,500 | -676,857 | -70,598 | -112,822 | 223,555 | 617,884 | 14,569 | 54,969 |
| Cash flow from operations | 2,465,114 | 1,967,719 | 3,206,352 | 4,682,892 | 1,998,042 | 16,798,978 | 2,994,740 | 1,865,310 | 2,551,211 | -564,802 | 1,781,072 | 300,075 | -608,759 | 1,844,127 | -5,468,028 |
| Investing Activities | |||||||||||||||
| capital expenditure | -4,536,431 | -348,301 | -123,440 | -82,916 | -20 | -1,044,503 | -139,679 | -1,731,737 | -378,695 | ||||||
| Change in Investments | -2,850 | 150 | 2,700 | ||||||||||||
| cash flow from investments | 2,850 | -150 | -4,536,431 | -348,301 | -123,440 | -82,916 | -20 | -1,044,503 | -139,679 | -1,731,737 | -381,395 | ||||
| Financing Activities | |||||||||||||||
| Bank loans | -214,286 | -128,572 | 2 | -1 | 1 | 1 | 171,426 | 171,429 | |||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -171,429 | -214,285 | -342,859 | -342,857 | -342,856 | -342,859 | 728,574 | 1,028,571 | |||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -27,402 | -27,402 | -27,402 | -27,402 | 444,226 | -390,000 | 390,000 | -200,000 | 200,000 | ||||||
| share issue | |||||||||||||||
| interest | -3,457 | -2,793 | 11,813 | 30,859 | 13,811 | 31,617 | 33,510 | -35,968 | -68,998 | -97,010 | -128,502 | -129,245 | -60,586 | -24,312 | |
| cash flow from financing | -27,402 | -30,859 | -32,348 | -19,438 | 3,418 | 70,328 | -425,338 | -407,979 | 183,734 | -809,823 | -52,968 | -482,207 | 94,673 | 1,533,242 | 7,538,477 |
| cash and cash equivalents | |||||||||||||||
| cash | 576,859 | -7,372,810 | 2,540,836 | 3,791,701 | 1,043,226 | -884,944 | 2,221,099 | 1,330,049 | 2,165,522 | -914,443 | 927,682 | -433,684 | -658,433 | 1,609,075 | 947 |
| overdraft | -501,664 | 501,664 | -799,401 | 799,401 | -36,556 | 36,556 | |||||||||
| change in cash | 576,859 | -7,372,810 | 2,540,836 | 3,791,701 | 1,043,226 | -884,944 | 2,221,099 | 1,330,049 | 2,667,186 | -1,416,107 | 1,727,083 | -1,233,085 | -658,433 | 1,645,631 | -35,609 |
scottish fishermen's organisation limited Credit Report and Business Information
Scottish Fishermen's Organisation Limited Competitor Analysis
Perform a competitor analysis for scottish fishermen's organisation limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in EH4 area or any other competitors across 12 key performance metrics.
scottish fishermen's organisation limited Ownership
SCOTTISH FISHERMEN'S ORGANISATION LIMITED group structure
Scottish Fishermen'S Organisation Limited has 1 subsidiary company.
Ultimate parent company
SCOTTISH FISHERMEN'S ORGANISATION LIMITED
SC053475
1 subsidiary
scottish fishermen's organisation limited directors
Scottish Fishermen'S Organisation Limited currently has 23 directors. The longest serving directors include Mr George West (Dec 1995) and Mr Anthony Kenning (Mar 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George West | 67 years | Dec 1995 | - | Director | |
| Mr Anthony Kenning | Scotland | 65 years | Mar 1996 | - | Director |
| Mr John Buchan | Scotland | 69 years | Nov 2001 | - | Director |
| Mr Alexander McLeman | 79 years | Aug 2002 | - | Director | |
| Mr Peter Lovie | 62 years | Dec 2003 | - | Director | |
| Mr John Clark | Scotland | 53 years | Dec 2005 | - | Director |
| Mr Ian Buchan | 68 years | Dec 2009 | - | Director | |
| Mr John MacAlister | United Kingdom | 70 years | Dec 2009 | - | Director |
| Mr Mark Robertson | 57 years | Jan 2012 | - | Director | |
| Mr Adam Tait | 60 years | Dec 2014 | - | Director |
P&L
December 2023turnover
16.8m
+3%
operating profit
1.9m
-28%
gross margin
27%
-1.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
41.3m
+0.05%
total assets
42.5m
+0.05%
cash
5.9m
+0.11%
net assets
Total assets minus all liabilities
scottish fishermen's organisation limited company details
company number
SC053475
Type
Private Ltd By Guarantee w/o Share Cap
industry
03110 - Marine fishing
incorporation date
June 1973
age
52
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
braehead, 601 queensferry road, edinburgh, EH4 6EA
Bank
BANK OF SCOTLAND
Legal Advisor
-
scottish fishermen's organisation 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 5 charges/mortgages relating to scottish fishermen's organisation limited. Currently there are 5 open charges and 0 have been satisfied in the past.
scottish fishermen's organisation 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.
Click to start generating capital raising & share issue transactions for SCOTTISH FISHERMEN'S ORGANISATION LIMITED. This can take several minutes, an email will notify you when this has completed.
scottish fishermen's organisation limited Companies House Filings - See Documents
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