dales marine services (greenock) limited
dales marine services (greenock) limited Company Information
Company Number
SC105386
Website
http://www.dalesmarine.co.ukRegistered Address
dales business centre, 25 york street, aberdeen, AB11 5DP
Industry
Repair and maintenance of ships and boats
Telephone
01224212778
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
forth group ltd 100%
dales marine services (greenock) limited Estimated Valuation
Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £9.8m based on a Turnover of £15.7m and 0.62x industry multiple (adjusted for size and gross margin).
dales marine services (greenock) limited Estimated Valuation
Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £20.4m based on an EBITDA of £3m and a 6.8x industry multiple (adjusted for size and gross margin).
dales marine services (greenock) limited Estimated Valuation
Pomanda estimates the enterprise value of DALES MARINE SERVICES (GREENOCK) LIMITED at £18.8m based on Net Assets of £6.7m and 2.82x industry multiple (adjusted for liquidity).
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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 £15.7m with healthy growth in recent years.
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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 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
5 Regular
1 Weak
Size
annual sales of £15.7m, make it larger than the average company (£7.9m)
£15.7m - Dales Marine Services (greenock) Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.6%)
7% - Dales Marine Services (greenock) Limited
4.6% - Industry AVG
Production
with a gross margin of 28.6%, this company has a comparable cost of product (26.8%)
28.6% - Dales Marine Services (greenock) Limited
26.8% - Industry AVG
Profitability
an operating margin of 18.8% make it more profitable than the average company (4.9%)
18.8% - Dales Marine Services (greenock) Limited
4.9% - Industry AVG
Employees
with 61 employees, this is similar to the industry average (59)
61 - Dales Marine Services (greenock) Limited
59 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£44.6k)
£49.8k - Dales Marine Services (greenock) Limited
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £256.8k, this is more efficient (£159.6k)
£256.8k - Dales Marine Services (greenock) Limited
£159.6k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (55 days)
52 days - Dales Marine Services (greenock) Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (44 days)
25 days - Dales Marine Services (greenock) Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is in line with average (19 days)
16 days - Dales Marine Services (greenock) Limited
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (19 weeks)
47 weeks - Dales Marine Services (greenock) Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.8%, this is a lower level of debt than the average (66.9%)
23.8% - Dales Marine Services (greenock) Limited
66.9% - Industry AVG
DALES MARINE SERVICES (GREENOCK) LIMITED financials
Dales Marine Services (Greenock) Limited's latest turnover from December 2022 is £15.7 million and the company has net assets of £6.7 million. According to their latest financial statements, Dales Marine Services (Greenock) Limited has 61 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 15,665,963 | 12,763,056 | 11,369,345 | 12,763,641 | 13,539,082 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 11,184,137 | 8,949,059 | 8,538,695 | 10,187,655 | 10,633,698 | |||||||||
| Gross Profit | 4,481,826 | 3,813,997 | 2,830,650 | 2,575,986 | 2,905,384 | |||||||||
| Admin Expenses | 1,538,546 | 1,451,640 | 1,580,089 | 1,594,820 | 1,543,903 | |||||||||
| Operating Profit | 2,943,280 | 2,362,357 | 1,250,561 | 981,166 | 1,361,481 | |||||||||
| Interest Payable | 540 | 0 | 646 | 255 | 0 | |||||||||
| Interest Receivable | 50 | 0 | 1,917 | 8,119 | 5,338 | |||||||||
| Pre-Tax Profit | 2,942,790 | 2,362,357 | 1,251,832 | 989,030 | 1,366,819 | |||||||||
| Tax | -490,240 | -520,376 | -246,184 | -182,174 | -262,789 | |||||||||
| Profit After Tax | 2,452,550 | 1,841,981 | 1,005,648 | 806,856 | 1,104,030 | |||||||||
| Dividends Paid | 1,000,000 | 1,750,000 | 0 | 0 | 0 | |||||||||
| Retained Profit | 1,452,550 | 91,981 | 1,005,648 | 806,856 | 1,104,030 | |||||||||
| Employee Costs | 3,035,969 | 2,565,625 | 2,591,394 | 2,536,067 | 1,852,402 | |||||||||
| Number Of Employees | 61 | 58 | 58 | 52 | 39 | 38 | 48 | 49 | ||||||
| EBITDA* | 2,996,892 | 2,803,134 | 1,569,440 | 1,156,647 | 1,526,002 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 2,756,616 | 2,943,538 | 2,827,365 | 2,466,042 | 1,372,289 | 1,484,655 | 1,488,018 | 1,558,041 | 1,620,726 | 1,690,071 | 1,845,509 | 1,943,578 | 1,931,685 | 1,976,670 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 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 |
| Total Fixed Assets | 2,756,616 | 2,943,538 | 2,827,365 | 2,466,042 | 1,372,289 | 1,484,655 | 1,488,018 | 1,558,041 | 1,620,726 | 1,690,071 | 1,845,509 | 1,943,578 | 1,931,685 | 1,976,670 |
| Stock & work in progress | 519,861 | 511,083 | 111,798 | 188,276 | 128,050 | 194,322 | 65,145 | 136,561 | 51,696 | 25,530 | 1,766 | 5,775 | 31,536 | 10,131 |
| Trade Debtors | 2,274,324 | 1,982,662 | 518,413 | 1,311,990 | 2,130,930 | 287,485 | 244,994 | 966,087 | 666,759 | 619,329 | 379,834 | 678,384 | 205,108 | 267,650 |
| Group Debtors | 1,300,000 | 600,000 | 1,500,000 | 633,617 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 265,242 | 315,622 | 159,799 | 605,095 | 211,398 | 273,229 | 120,461 | 288,752 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,652,733 | 893,073 | 1,251,280 | 1,577,615 | 1,316,386 | 1,639,349 | 497,015 | 177,228 | 42,449 | 403,478 | 617,122 | 323,183 | 337,153 | 207,688 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,012,160 | 4,302,440 | 3,541,290 | 4,316,593 | 3,786,764 | 2,394,385 | 927,615 | 1,568,628 | 760,904 | 1,048,337 | 998,722 | 1,007,342 | 573,797 | 485,469 |
| total assets | 8,768,776 | 7,245,978 | 6,368,655 | 6,782,635 | 5,159,053 | 3,879,040 | 2,415,633 | 3,126,669 | 2,381,630 | 2,738,408 | 2,844,231 | 2,950,920 | 2,505,482 | 2,462,139 |
| Bank overdraft | 0 | 0 | 0 | 0 | 279 | 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 |
| Trade Creditors | 790,614 | 946,616 | 330,763 | 505,861 | 631,962 | 398,901 | 222,056 | 214,881 | 471,781 | 1,173,376 | 1,031,089 | 1,039,789 | 688,852 | 740,767 |
| Group/Directors Accounts | 16,809 | 176 | 8,333 | 1,073,724 | 725,468 | 596,478 | 243,807 | 1,186,484 | 163,848 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 | 11,429 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,017,856 | 773,110 | 654,269 | 911,296 | 395,261 | 572,957 | 218,118 | 386,869 | 497,809 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,825,279 | 1,719,902 | 993,365 | 2,490,881 | 1,752,970 | 1,568,336 | 683,981 | 1,788,234 | 1,144,867 | 1,173,376 | 1,031,089 | 1,039,789 | 688,852 | 740,767 |
| loans | 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 |
| Accruals and Deferred Income | 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 | 429,668 | 572,404 | 705,384 | 815,000 | 983,057 |
| provisions | 262,445 | 297,574 | 238,769 | 160,881 | 82,066 | 90,717 | 104,355 | 95,290 | 105,075 | 113,613 | 107,368 | 127,007 | 118,699 | 73,116 |
| total long term liabilities | 262,445 | 297,574 | 238,769 | 160,881 | 82,066 | 90,717 | 104,355 | 95,290 | 105,075 | 543,281 | 679,772 | 832,391 | 933,699 | 1,056,173 |
| total liabilities | 2,087,724 | 2,017,476 | 1,232,134 | 2,651,762 | 1,835,036 | 1,659,053 | 788,336 | 1,883,524 | 1,249,942 | 1,716,657 | 1,710,861 | 1,872,180 | 1,622,551 | 1,796,940 |
| net assets | 6,681,052 | 5,228,502 | 5,136,521 | 4,130,873 | 3,324,017 | 2,219,987 | 1,627,297 | 1,243,145 | 1,131,688 | 1,021,751 | 1,133,370 | 1,078,740 | 882,931 | 665,199 |
| total shareholders funds | 6,681,052 | 5,228,502 | 5,136,521 | 4,130,873 | 3,324,017 | 2,219,987 | 1,627,297 | 1,243,145 | 1,131,688 | 1,021,751 | 1,133,370 | 1,078,740 | 882,931 | 665,199 |
| 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 | 2,943,280 | 2,362,357 | 1,250,561 | 981,166 | 1,361,481 | |||||||||
| Depreciation | 53,612 | 440,777 | 318,879 | 175,481 | 164,521 | 157,844 | 158,343 | 168,349 | 158,311 | 155,438 | 161,534 | 146,192 | 120,298 | 106,942 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -490,240 | -520,376 | -246,184 | -182,174 | -262,789 | |||||||||
| Stock | 8,778 | 399,285 | -76,478 | 60,226 | -66,272 | 129,177 | -71,416 | 84,865 | 26,166 | 23,764 | -4,009 | -25,761 | 21,405 | 10,131 |
| Debtors | 941,282 | 720,072 | -372,490 | 208,374 | 1,781,614 | 195,259 | -889,384 | 588,080 | 47,430 | 239,495 | -298,550 | 473,276 | -62,542 | 267,650 |
| Creditors | -156,002 | 615,853 | -175,098 | -126,101 | 233,061 | 176,845 | 7,175 | -256,900 | -701,595 | 142,287 | -8,700 | 350,937 | -51,915 | 740,767 |
| Accruals and Deferred Income | 244,746 | 118,841 | -257,027 | 516,035 | -177,696 | 354,839 | -168,751 | -110,940 | 497,809 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -35,129 | 58,805 | 77,888 | 78,815 | -8,651 | -13,638 | 9,065 | -9,785 | -8,538 | 6,245 | -19,639 | 8,308 | 45,583 | 73,116 |
| Cash flow from operations | 1,610,207 | 1,956,900 | 1,417,987 | 1,174,622 | -405,415 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 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 |
| Group/Directors Accounts | 16,633 | -8,157 | -1,065,391 | 348,256 | 128,990 | 352,671 | -942,677 | 1,022,636 | 163,848 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,429 | 11,429 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -429,668 | -142,736 | -132,980 | -109,616 | -168,057 | 983,057 |
| share issue | ||||||||||||||
| interest | -490 | 0 | 1,271 | 7,864 | 5,338 | |||||||||
| cash flow from financing | 16,143 | -8,157 | -1,064,120 | 356,120 | 134,328 | |||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 759,660 | -358,207 | -326,335 | 261,229 | -322,963 | 1,142,334 | 319,787 | 134,779 | -361,029 | -213,644 | 293,939 | -13,970 | 129,465 | 207,688 |
| overdraft | 0 | 0 | 0 | -279 | 279 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 759,660 | -358,207 | -326,335 | 261,508 | -323,242 | 1,142,334 | 319,787 | 134,779 | -361,029 | -213,644 | 293,939 | -13,970 | 129,465 | 207,688 |
dales marine services (greenock) limited Credit Report and Business Information
Dales Marine Services (greenock) Limited Competitor Analysis
Perform a competitor analysis for dales marine services (greenock) limited by selecting its closest rivals and benchmarking them against 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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Steel | United Kingdom | 61 years | Dec 2020 | - | Director |
| Mr Kevin Paterson | United Kingdom | 36 years | Apr 2022 | - | Director |
| Mr Paul O'Brien | 55 years | Jan 2024 | - | Director | |
| Mrs Kaylea Adam-Owen | United Kingdom | 44 years | Jan 2024 | - | Director |
P&L
December 2022turnover
15.7m
+23%
operating profit
2.9m
+25%
gross margin
28.7%
-4.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.7m
+0.28%
total assets
8.8m
+0.21%
cash
1.7m
+0.85%
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
37
accounts
Full Accounts
ultimate parent company
previous names
garvel clyde limited (August 2018)
garvel dry dock company limited (August 1996)
incorporated
UK
address
dales business centre, 25 york street, aberdeen, AB11 5DP
last accounts submitted
December 2022
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 Companies House Filings - See Documents
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