Marine Co Uk Ltd.

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marine co uk ltd. Company Information

Dissolved (Voluntary Arrangement)

Company Number

SC163696

Website

mcouk.com

Registered Address

cowan & partners ltd, 60 constitution street, edinburgh, EH6 6RR

Industry

Sea and coastal freight water transport

Sea and coastal passenger water transport

Telephone

01314452345

Next Accounts Due

June 2024

Group Structure

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Directors

Michael Conafray27 Years

Kaye Conafray25 Years

Shareholders

michael conafray 77.5%

kaye conafray 15%

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marine co uk ltd. Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of MARINE CO UK LTD. at £4.4m based on a Turnover of £5.9m and 0.74x industry multiple (adjusted for size and gross margin).

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Marine Co Uk Ltd. is a dissolved company that was located in edinburgh, EH6 6RR with a Companies House number of SC163696. It operated in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in February 1996, it's largest shareholder was michael conafray with a 77.5% stake. The last turnover for Marine Co Uk Ltd. was estimated at £5.9m.

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Pomanda's financial health check has awarded Marine Co Uk Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £5.9m, make it larger than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (2.7%)

EXPORT

Marine Co Uk Ltd.'s latest turnover from September 2020 is estimated at £5.9 million and the company has net assets of -£3.4 million. According to their latest financial statements, Marine Co Uk Ltd. has 22 employees and maintains cash reserves of £100.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2020	Sep 2019	Sep 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	5,918,052	4,404,154	11,468,061	8,688,633	5,910,170	6,978,830	7,647,099	12,412,845	10,277,387	12,985,023	9,067,735
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,774,588	2,817,655	8,533,786	6,825,172	3,008,015	3,458,303	3,393,469	10,267,320	8,261,808	10,223,374	7,013,572
Gross Profit	1,143,465	1,586,499	2,934,275	1,863,461	2,902,155	3,520,527	4,253,630	2,145,525	2,015,579	2,761,649	2,054,163
Admin Expenses	1,428,680	4,674,114	1,354,026	1,559,392	2,286,140	2,627,638	2,622,511	2,067,270	1,458,246	1,585,914	-1,753,670
Operating Profit	-285,215	-3,087,615	1,580,249	304,069	616,015	892,889	1,631,119	78,255	557,333	1,175,735	3,807,833
Interest Payable	513,718	349,791	1,130,019	998,030	246,860	355,171	390,443	0	65,343	106,797	41,454
Interest Receivable	78	71	827	1,132	3,990	10,985	10,146	5,062	1,641	2,176	1,519
Pre-Tax Profit	-798,855	-4,496,275	451,057	-692,829	373,145	372,598	1,648,116	83,317	493,631	1,071,114	3,767,897
Tax	0	540,675	-85,701	0	-118,864	-246,529	-75,910	-19,996	-128,344	-299,912	-1,055,011
Profit After Tax	-798,855	-3,955,600	365,356	-692,829	254,281	126,069	1,572,206	63,321	365,287	771,202	2,712,886
Dividends Paid	0	0	0	0	171,000	180,000	136,500	0	0	0	0
Retained Profit	-798,855	-3,955,600	365,356	-692,829	83,281	-53,931	1,435,706	63,321	365,287	771,202	2,712,886
Employee Costs	1,038,306	1,888,686	2,244,361	1,686,954	1,892,736	2,536,858	1,761,552	2,907,857	2,261,117	2,838,461	1,890,319
Number Of Employees	22	39	49	37	32	55	60	73	62	78	52
EBITDA*	-277,791	-3,064,512	1,622,602	332,234	1,213,030	1,956,464	2,603,401	1,077,808	2,012,681	2,195,828	4,565,399

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2020	Sep 2019	Sep 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	4,966,433	8,990,954	22,583,998	22,615,143	22,643,308	20,157,473	18,532,479	18,808,703	15,864,911	12,044,211	9,066,267
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	5,611	75,640	211,380	234,357	0	0	0	0
Total Fixed Assets	4,966,433	8,990,954	22,583,998	22,620,754	22,718,948	20,368,853	18,766,836	18,808,703	15,864,911	12,044,211	9,066,267
Stock & work in progress	4,000	4,000	10,000	10,000	9,000	9,000	8,000	8,000	7,000	7,000	7,000
Trade Debtors	635,477	1,266,354	1,631,985	1,111,338	1,270,920	1,262,474	1,000,910	758,378	880,184	1,331,581	671,965
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	43,458	31,672	23,597	44,700	90,786	122,856	221,452	101,828	37,765	9,920	0
Cash	100,899	55,172	98,804	121,595	783,661	563,402	1,269,293	1,631,289	393,638	262,620	607,583
misc current assets	0	2,303	0	0	0	0	0	0	0	0	0
total current assets	783,834	1,359,501	1,764,386	1,287,633	2,154,367	1,957,732	2,499,655	2,499,495	1,318,587	1,611,121	1,286,548
total assets	5,750,267	10,350,455	24,348,384	23,908,387	24,873,315	22,326,585	21,266,491	21,308,198	17,183,498	13,655,332	10,352,815
Bank overdraft	0	230,191	156,719	0	0	0	0	0	0	0	0
Bank loan	183,066	413,717	1,320,755	1,188,758	949,067	1,350,048	1,272,945	0	0	0	0
Trade Creditors	684,629	597,821	795,929	652,756	230,265	397,027	240,145	1,615,643	1,239,659	1,440,875	1,363,775
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	50,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	170,233	163,028	134,838	214,760	87,553	84,781	154,622	0	0	0	0
total current liabilities	1,087,928	1,404,757	2,408,241	2,056,274	1,266,885	1,831,856	1,667,712	1,615,643	1,239,659	1,440,875	1,363,775
loans	8,032,841	7,933,402	15,680,384	15,135,433	14,663,686	11,002,893	11,295,136	0	0	2,010,539	1,275,520
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	13,512,210	9,477,756	4,088,234	4,272,017
provisions	4,401	5,243	545,918	429,615	609,343	491,584	217,096	179,720	220,346	235,234	321,302
total long term liabilities	8,037,242	7,938,645	16,226,302	15,565,048	15,273,029	11,494,477	11,512,232	13,691,930	9,698,102	6,334,007	5,868,839
total liabilities	9,125,170	9,343,402	18,634,543	17,621,322	16,539,914	13,326,333	13,179,944	15,307,573	10,937,761	7,774,882	7,232,614
net assets	-3,374,903	1,007,053	5,713,841	6,287,065	8,333,401	9,000,252	8,086,547	6,000,625	6,245,737	5,880,450	3,120,201
total shareholders funds	-3,374,903	1,007,053	5,713,841	6,287,065	8,333,401	9,000,252	8,086,547	6,000,625	6,245,737	5,880,450	3,120,201

	Sep 2020	Sep 2019	Sep 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-285,215	-3,087,615	1,580,249	304,069	616,015	892,889	1,631,119	78,255	557,333	1,175,735	3,807,833
Depreciation	7,424	23,103	42,353	28,165	597,015	1,063,575	972,282	999,553	1,455,348	1,020,093	757,566
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	540,675	-85,701	0	-118,864	-246,529	-75,910	-19,996	-128,344	-299,912	-1,055,011
Stock	0	-6,000	0	1,000	0	1,000	0	1,000	0	0	7,000
Debtors	-619,091	-357,556	493,933	-275,697	-159,364	139,991	596,513	-57,743	-423,552	669,536	671,965
Creditors	86,808	-198,108	143,173	422,491	-166,762	156,882	-1,375,498	375,984	-201,216	77,100	1,363,775
Accruals and Deferred Income	7,205	28,190	-79,922	127,207	2,772	-69,841	154,622	0	0	0	0
Deferred Taxes & Provisions	-842	-540,675	116,303	-179,728	117,759	274,488	37,376	-40,626	-14,888	-86,068	321,302
Cash flow from operations	434,471	-2,870,874	1,222,522	976,901	1,207,299	1,930,473	747,478	1,449,913	2,091,785	1,217,412	4,516,500
Investing Activities
capital expenditure	4,017,097	13,569,941	-11,208	0	-3,082,850	-2,779,264	-329,764	-3,943,345	-5,276,048	-3,998,037	-9,823,833
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	4,017,097	13,569,941	-11,208	0	-3,082,850	-2,779,264	-329,764	-3,943,345	-5,276,048	-3,998,037	-9,823,833
Financing Activities
Bank loans	-230,651	-907,038	131,997	239,691	-400,981	77,103	1,272,945	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	50,000	0	0	0	0	0	0	0	0	0	0
Long term loans	99,439	-7,746,982	544,951	471,747	3,660,793	-292,243	11,295,136	0	-2,010,539	735,019	1,275,520
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-13,512,210	4,034,454	5,389,522	-183,783	4,272,017
share issue	-3,583,101	-751,188	-938,580	-1,353,507	-750,132	967,636	650,216	-308,433	0	1,989,047	407,315
interest	-513,640	-349,720	-1,129,192	-996,898	-242,870	-344,186	-380,297	5,062	-63,702	-104,621	-39,935
cash flow from financing	-4,177,953	-9,754,928	-1,390,824	-1,638,967	2,266,810	408,310	-674,210	3,731,083	3,315,281	2,435,662	5,914,917
cash and cash equivalents
cash	45,727	-43,632	-22,791	-662,066	220,259	-705,891	-361,996	1,237,651	131,018	-344,963	607,583
overdraft	-230,191	73,472	156,719	0	0	0	0	0	0	0	0
change in cash	275,918	-117,104	-179,510	-662,066	220,259	-705,891	-361,996	1,237,651	131,018	-344,963	607,583

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARINE CO UK LTD. group structure

Marine Co Uk Ltd. has no subsidiary companies.

Ultimate parent company

MARINE CO UK LTD.

SC163696

MARINE CO UK LTD. Shareholders

michael conafray	77.5%
kaye conafray	15%
keith a. cluness	7.5%

Marine Co Uk Ltd. currently has 2 directors. The longest serving directors include Mr Michael Conafray (Feb 1997) and Mrs Kaye Conafray (Jan 1999).

officer	country	age	start	end	role
Mr Michael Conafray		64 years	Feb 1997	-	Director
Mrs Kaye Conafray		62 years	Jan 1999	-	Director

P&L

September 2020

turnover

5.9m

+34%

operating profit

-285.2k

gross margin

19.4%

-46.36%

turnover

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

Balance Sheet

September 2020

net assets

-3.4m

-4.35%

total assets

5.8m

-0.44%

cash

100.9k

+0.83%

net assets

Total assets minus all liabilities

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company number

SC163696

Type

Private limited with Share Capital

industry

50200 - Sea and coastal freight water transport

50100 - Sea and coastal passenger water transport

incorporation date

February 1996

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

environmental engineering (scotland) ltd. (September 2002)

incorporated

address

cowan & partners ltd, 60 constitution street, edinburgh, EH6 6RR

last accounts submitted

September 2020

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 85 charges/mortgages relating to marine co uk ltd.. Currently there are 25 open charges and 60 have been satisfied in the past.

marine co uk ltd. Company Information

marine co uk ltd. Estimated Valuation

marine co uk ltd. Estimated Valuation

marine co uk ltd. Estimated Valuation

Marine Co Uk Ltd. Overview

Marine Co Uk Ltd. Health Check

MARINE CO UK LTD. financials

marine co uk ltd. Credit Report and Business Information

Marine Co Uk Ltd. Competitor Analysis

marine co uk ltd. Ownership

marine co uk ltd. directors

marine co uk ltd. company details

marine co uk ltd. Charges & Mortgages

marine co uk ltd. Companies House Filings - See Documents