dales marine services (greenock) limited

Live MatureMidHigh

dales marine services (greenock) limited Company Information

Share DALES MARINE SERVICES (GREENOCK) LIMITED

Company Number

SC105386

Shareholders

forth group ltd

Group Structure

View All

Industry

Repair and maintenance of ships and boats

 

Registered Address

dales business centre, 25 york street, aberdeen, AB11 5DP

dales marine services (greenock) limited Estimated Valuation

£10.6m

Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £10.6m based on a Turnover of £18.8m and 0.57x industry multiple (adjusted for size and gross margin).

dales marine services (greenock) limited Estimated Valuation

£20.6m

Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £20.6m based on an EBITDA of £3.9m and a 5.31x industry multiple (adjusted for size and gross margin).

dales marine services (greenock) limited Estimated Valuation

£8.8m

Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £8.8m based on Net Assets of £3.7m and 2.38x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Dales Marine Services (greenock) Limited Overview

Dales Marine Services (greenock) Limited is a live company located in aberdeen, AB11 5DP with a Companies House number of SC105386. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in June 1987, it's largest shareholder is forth group ltd with a 100% stake. Dales Marine Services (greenock) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.8m with high growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Dales Marine Services (greenock) Limited Health Check

Pomanda's financial health check has awarded Dales Marine Services (Greenock) Limited 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £18.8m, make it larger than the average company (£9.1m)

£18.8m - Dales Marine Services (greenock) Limited

£9.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.3%)

18% - Dales Marine Services (greenock) Limited

7.3% - Industry AVG

production

Production

with a gross margin of 26.7%, this company has a comparable cost of product (27%)

26.7% - Dales Marine Services (greenock) Limited

27% - Industry AVG

profitability

Profitability

an operating margin of 18.3% make it more profitable than the average company (4.7%)

18.3% - Dales Marine Services (greenock) Limited

4.7% - Industry AVG

employees

Employees

with 66 employees, this is similar to the industry average (59)

66 - Dales Marine Services (greenock) Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.9k, the company has a higher pay structure (£44.1k)

£58.9k - Dales Marine Services (greenock) Limited

£44.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £284.4k, this is more efficient (£137.5k)

£284.4k - Dales Marine Services (greenock) Limited

£137.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is later than average (41 days)

52 days - Dales Marine Services (greenock) Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (27 days)

19 days - Dales Marine Services (greenock) Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is in line with average (15 days)

15 days - Dales Marine Services (greenock) Limited

15 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (21 weeks)

6 weeks - Dales Marine Services (greenock) Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 58.2%, this is a lower level of debt than the average (69.9%)

58.2% - Dales Marine Services (greenock) Limited

69.9% - Industry AVG

DALES MARINE SERVICES (GREENOCK) LIMITED financials

EXPORTms excel logo

Dales Marine Services (Greenock) Limited's latest turnover from December 2023 is £18.8 million and the company has net assets of £3.7 million. According to their latest financial statements, Dales Marine Services (Greenock) Limited has 66 employees and maintains cash reserves of £615.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover18,767,55315,665,96312,763,05611,369,34512,763,64113,539,0823,323,4863,280,9105,494,2113,456,9004,691,6113,413,1684,330,5622,496,3490
Other Income Or Grants000000000000000
Cost Of Sales13,763,69011,184,1378,949,0598,538,69510,187,65510,633,6982,371,8442,378,8493,851,9842,356,5073,381,0912,431,8213,185,5231,819,4470
Gross Profit5,003,8634,481,8263,813,9972,830,6502,575,9862,905,384951,642902,0611,642,2261,100,3931,310,520981,3471,145,039676,9020
Admin Expenses1,566,5031,538,5461,451,6401,580,0891,594,8201,543,903225,267422,7141,503,454962,3471,424,690911,816882,083375,859-902,535
Operating Profit3,437,3602,943,2802,362,3571,250,561981,1661,361,481726,375479,347138,772138,046-114,17069,531262,956301,043902,535
Interest Payable054006462550000000000
Interest Receivable1,8115001,9178,1195,3385,3418435491,1152,5522,3511,6511,362519
Pre-Tax Profit3,439,1712,942,7902,362,3571,251,832989,0301,366,819731,716480,190139,321139,161-111,61971,882264,607302,406903,054
Tax-606,090-490,240-520,376-246,184-182,174-262,789-139,026-96,038-27,864-29,2240-17,252-68,798-84,674-252,855
Profit After Tax2,833,0812,452,5501,841,9811,005,648806,8561,104,030592,690384,152111,457109,937-111,61954,630195,809217,732650,199
Dividends Paid5,800,0001,000,0001,750,000000000000000
Retained Profit-2,966,9191,452,55091,9811,005,648806,8561,104,030592,690384,152111,457109,937-111,61954,630195,809217,732650,199
Employee Costs3,889,5003,035,9692,565,6252,591,3942,536,0671,852,4021,563,6511,890,2651,923,506782,7291,192,157809,1731,187,252676,4700
Number Of Employees66625858523938484920272233200
EBITDA*3,883,8463,380,4252,803,1341,569,4401,156,6471,526,002884,219637,690307,121296,35741,268231,065409,148421,3411,009,477

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,564,8632,756,6162,943,5382,827,3652,466,0421,372,2891,484,6551,488,0181,558,0411,620,7261,690,0711,845,5091,943,5781,931,6851,976,670
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,564,8632,756,6162,943,5382,827,3652,466,0421,372,2891,484,6551,488,0181,558,0411,620,7261,690,0711,845,5091,943,5781,931,6851,976,670
Stock & work in progress579,731519,861511,083111,798188,276128,050194,32265,145136,56151,69625,5301,7665,77531,53610,131
Trade Debtors2,720,2632,274,3241,982,662518,4131,311,9902,130,930287,485244,994966,087666,759619,329379,834678,384205,108267,650
Group Debtors2,083,3461,300,000600,0001,500,000633,6170000000000
Misc Debtors322,285265,242315,622159,799605,095211,398273,229120,461288,752000000
Cash615,7641,652,733893,0731,251,2801,577,6151,316,3861,639,349497,015177,22842,449403,478617,122323,183337,153207,688
misc current assets000000000000000
total current assets6,321,3896,012,1604,302,4403,541,2904,316,5933,786,7642,394,385927,6151,568,628760,9041,048,337998,7221,007,342573,797485,469
total assets8,886,2528,768,7767,245,9786,368,6556,782,6355,159,0533,879,0402,415,6333,126,6692,381,6302,738,4082,844,2312,950,9202,505,4822,462,139
Bank overdraft00000279000000000
Bank loan000000000000000
Trade Creditors 750,637790,614946,616330,763505,861631,962398,901222,056214,881471,7811,173,3761,031,0891,039,789688,852740,767
Group/Directors Accounts2,700,10016,8091768,3331,073,724725,468596,478243,8071,186,484163,84800000
other short term finances000000000000000
hp & lease commitments00000000011,42900000
other current liabilities1,452,7361,017,856773,110654,269911,296395,261572,957218,118386,869497,80900000
total current liabilities4,903,4731,825,2791,719,902993,3652,490,8811,752,9701,568,336683,9811,788,2341,144,8671,173,3761,031,0891,039,789688,852740,767
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000000429,668572,404705,384815,000983,057
provisions268,646262,445297,574238,769160,88182,06690,717104,35595,290105,075113,613107,368127,007118,69973,116
total long term liabilities268,646262,445297,574238,769160,88182,06690,717104,35595,290105,075543,281679,772832,391933,6991,056,173
total liabilities5,172,1192,087,7242,017,4761,232,1342,651,7621,835,0361,659,053788,3361,883,5241,249,9421,716,6571,710,8611,872,1801,622,5511,796,940
net assets3,714,1336,681,0525,228,5025,136,5214,130,8733,324,0172,219,9871,627,2971,243,1451,131,6881,021,7511,133,3701,078,740882,931665,199
total shareholders funds3,714,1336,681,0525,228,5025,136,5214,130,8733,324,0172,219,9871,627,2971,243,1451,131,6881,021,7511,133,3701,078,740882,931665,199
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,437,3602,943,2802,362,3571,250,561981,1661,361,481726,375479,347138,772138,046-114,17069,531262,956301,043902,535
Depreciation446,486437,145440,777318,879175,481164,521157,844158,343168,349158,311155,438161,534146,192120,298106,942
Amortisation000000000000000
Tax-606,090-490,240-520,376-246,184-182,174-262,789-139,026-96,038-27,864-29,2240-17,252-68,798-84,674-252,855
Stock59,8708,778399,285-76,47860,226-66,272129,177-71,41684,86526,16623,764-4,009-25,76121,40510,131
Debtors1,286,328941,282720,072-372,490208,3741,781,614195,259-889,384588,08047,430239,495-298,550473,276-62,542267,650
Creditors-39,977-156,002615,853-175,098-126,101233,061176,8457,175-256,900-701,595142,287-8,700350,937-51,915740,767
Accruals and Deferred Income434,880244,746118,841-257,027516,035-177,696354,839-168,751-110,940497,80900000
Deferred Taxes & Provisions6,201-35,12958,80577,88878,815-8,651-13,6389,065-9,785-8,5386,245-19,6398,30845,58373,116
Cash flow from operations2,332,6621,993,7401,956,9001,417,9871,174,622-405,415938,8031,349,941-771,313-18,787-73,459488,033252,080371,4721,292,724
Investing Activities
capital expenditure-254,733-250,223-556,950-680,202-1,269,234-52,155-154,481-88,320-105,664-88,9660-63,465-158,085-75,313-2,083,612
Change in Investments000000000000000
cash flow from investments-254,733-250,223-556,950-680,202-1,269,234-52,155-154,481-88,320-105,664-88,9660-63,465-158,085-75,313-2,083,612
Financing Activities
Bank loans000000000000000
Group/Directors Accounts2,683,29116,633-8,157-1,065,391348,256128,990352,671-942,6771,022,636163,84800000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments00000000-11,42911,42900000
other long term liabilities000000000-429,668-142,736-132,980-109,616-168,057983,057
share issue0000000000000015,000
interest1,811-49001,2717,8645,3385,3418435491,1152,5522,3511,6511,362519
cash flow from financing2,685,10216,143-8,157-1,064,120356,120134,328358,012-941,8341,011,756-253,276-140,184-130,629-107,965-166,695998,576
cash and cash equivalents
cash-1,036,969759,660-358,207-326,335261,229-322,9631,142,334319,787134,779-361,029-213,644293,939-13,970129,465207,688
overdraft0000-279279000000000
change in cash-1,036,969759,660-358,207-326,335261,508-323,2421,142,334319,787134,779-361,029-213,644293,939-13,970129,465207,688

dales marine services (greenock) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for dales marine services (greenock) limited. Get real-time insights into dales marine services (greenock) limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Dales Marine Services (greenock) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for dales marine services (greenock) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in AB11 area or any other competitors across 12 key performance metrics.

dales marine services (greenock) limited Ownership

DALES MARINE SERVICES (GREENOCK) LIMITED group structure

Dales Marine Services (Greenock) Limited has no subsidiary companies.

Ultimate parent company

2 parents

DALES MARINE SERVICES (GREENOCK) LIMITED

SC105386

DALES MARINE SERVICES (GREENOCK) LIMITED Shareholders

forth group ltd 100%

dales marine services (greenock) limited directors

Dales Marine Services (Greenock) Limited currently has 4 directors. The longest serving directors include Mr Andrew Steel (Dec 2020) and Mr Kevin Paterson (Apr 2022).

officercountryagestartendrole
Mr Andrew SteelUnited Kingdom62 years Dec 2020- Director
Mr Kevin PatersonUnited Kingdom37 years Apr 2022- Director
Mrs Kaylea Adam-OwenUnited Kingdom45 years Jan 2024- Director
Mr Paul O'Brien55 years Jan 2024- Director

P&L

December 2023

turnover

18.8m

+20%

operating profit

3.4m

+17%

gross margin

26.7%

-6.8%

turnover

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

Balance Sheet

December 2023

net assets

3.7m

-0.44%

total assets

8.9m

+0.01%

cash

615.8k

-0.63%

net assets

Total assets minus all liabilities

dales marine services (greenock) limited company details

company number

SC105386

Type

Private limited with Share Capital

industry

33150 - Repair and maintenance of ships and boats

incorporation date

June 1987

age

38

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

garvel clyde limited (August 2018)

garvel dry dock company limited (August 1996)

accountant

-

auditor

ANDERSON ANDERSON & BROWN AUDIT LLP

address

dales business centre, 25 york street, aberdeen, AB11 5DP

Bank

BANK OF SCOTLAND

Legal Advisor

-

dales marine services (greenock) 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 6 charges/mortgages relating to dales marine services (greenock) limited. Currently there are 2 open charges and 4 have been satisfied in the past.

dales marine services (greenock) 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 DALES MARINE SERVICES (GREENOCK) LIMITED. This can take several minutes, an email will notify you when this has completed.

dales marine services (greenock) limited Companies House Filings - See Documents

datedescriptionview/download