Dales Marine Services Limited

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dales marine services limited Company Information

Company Number

SC163941

Next Accounts

Sep 2025

Directors

Andrew Steel

Kevin Paterson

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Shareholders

dales engineering limited

Group Structure

View All

Industry

Repair and maintenance of ships and boats

Registered Address

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

Website

www.dalesmarine.co.uk

dales marine services limited Estimated Valuation

£45m

Pomanda estimates the enterprise value of DALES MARINE SERVICES LIMITED at £45m based on an EBITDA of £5.9m and a 7.62x industry multiple (adjusted for size and gross margin).

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Dales Marine Services Limited is a live company located in aberdeen, AB11 5DP with a Companies House number of SC163941. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in March 1996, it's largest shareholder is dales engineering limited with a 100% stake. Dales Marine Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.6m with high growth in recent years.

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Pomanda's financial health check has awarded Dales Marine Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £30.6m, make it larger than the average company (£7.9m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.2%)

EXPORT

Dales Marine Services Limited's latest turnover from December 2023 is £30.6 million and the company has net assets of £5.5 million. According to their latest financial statements, Dales Marine Services Limited has 133 employees and maintains cash reserves of £1.2 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	30,613,047	30,055,125	25,412,444	19,668,838	23,935,352	19,360,254	17,314,422	16,295,361	21,538,148	36,336,811	23,914,860	24,717,854	22,769,924	16,105,914	12,672,875
Other Income Or Grants
Cost Of Sales	20,484,731	21,032,297	17,147,645	13,719,043	16,780,861	13,846,569	12,176,366	11,184,908	14,145,821	25,453,358	16,569,106	17,197,837	16,420,626	11,847,368	9,213,341
Gross Profit	10,128,316	9,022,828	8,264,799	5,949,795	7,154,491	5,513,685	5,138,056	5,110,453	7,392,327	10,883,453	7,345,754	7,520,017	6,349,298	4,258,546	3,459,534
Admin Expenses	4,771,955	3,886,465	3,164,963	3,705,958	4,381,148	3,687,178	3,455,352	3,510,430	4,225,934	5,234,820	4,080,731	4,066,177	3,053,217	2,653,278	2,044,628
Operating Profit	5,356,361	5,136,363	5,099,836	2,243,837	2,773,343	1,826,507	1,682,704	1,600,023	3,166,393	5,648,633	3,265,023	3,453,840	3,296,081	1,605,268	1,414,906
Interest Payable	1,731	3,245		5,555	308	6,381	2,147	9	2,088			1,167			1,250
Interest Receivable	2,182	7,699	4	437	2,176	2,685	3,129	14,307	20,257	16,404	16,399	27,548	17,943	27,814	45,201
Pre-Tax Profit	12,606,812	6,140,817	6,849,840	2,238,719	2,775,211	1,822,811	1,900,366	1,614,321	3,429,775	5,665,037	3,281,422	3,480,221	3,314,024	1,633,082	1,458,857
Tax	-820,261	-851,551	-753,690	-425,798	-523,563	-349,366	-335,827	-378,628	-616,959	-1,226,506	-732,084	-855,811	-872,800	-459,958	-409,007
Profit After Tax	11,786,551	5,289,266	6,096,150	1,812,921	2,251,648	1,473,445	1,564,539	1,235,693	2,812,816	4,438,531	2,549,338	2,624,410	2,441,224	1,173,124	1,049,850
Dividends Paid	16,869,235	3,000,000	3,750,000	8,001,023	750,000		4,963,500	175,000	2,000,000	1,570,000	2,605,451	146,000	1,290,000	1,000,000	281,265
Retained Profit	-5,082,684	2,289,266	2,346,150	-6,188,102	1,501,648	1,473,445	-3,398,961	1,060,693	812,816	2,868,531	-56,113	2,478,410	1,151,224	173,124	768,585
Employee Costs	8,817,793	7,852,898	7,140,373	7,600,311	8,436,788	6,506,626	5,895,677	5,984,170	7,130,434	8,614,866	6,207,570	5,922,977	5,401,477	4,527,314	3,821,052
Number Of Employees	133	127	124	138	136	104	96	109	120	101	101	101	98	92	86
EBITDA*	5,910,267	5,577,337	5,564,960	2,794,165	3,360,401	2,349,362	2,143,782	2,061,916	3,668,229	6,084,759	3,665,909	3,803,289	3,590,598	1,802,877	1,550,377

* 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	3,832,777	3,517,069	2,831,343	3,057,512	3,337,049	3,422,477	2,046,579	1,991,184	2,386,363	2,174,046	1,932,694	1,983,728	1,672,100	1,048,687	657,975
Intangible Assets
Investments & Other	4,870,860	4,873,034	4,875,207	4,877,379	4,879,551	4,801,267	4,802,527	4,690,632	4,241,650	4,171,650
Debtors (Due After 1 year)											2,443,613	2,248,728	255,888
Total Fixed Assets	8,703,637	8,390,103	7,706,550	7,934,891	8,216,600	8,223,744	6,849,106	6,681,816	6,628,013	6,345,696	4,376,307	4,232,456	1,927,988	1,048,687	657,975
Stock & work in progress	873,235	402,027	1,371,588	275,031	331,137	1,130,959	608,726	417,603	330,591	280,022	255,193	302,886	217,854	295,892	262,334
Trade Debtors	5,200,774	4,767,466	4,634,178	1,420,107	2,280,626	1,762,243	913,810	1,195,603	756,596	3,280,948	2,983,735	1,474,075	1,870,057	1,610,931	1,299,776
Group Debtors	11,712,108	5,960,367	4,031,913	326,280	3,383,543	2,899,857	2,228,823	3,618,888	4,503,574	3,679,928		18,115	246,686	594,535	469,456
Misc Debtors	550,338	987,568	381,655	569,141	427,235	545,131	685,304	674,560	326,063	1,110,611	809,506	2,342,590	719,137	330,836	167,577
Cash	1,207,869	3,756,975	1,820,953	1,021,882	2,915,295	808,611	409,263	2,954,342	2,520,101	1,215,277	3,495,758	2,178,767	3,104,374	2,671,419	3,319,831
misc current assets
total current assets	19,544,324	15,874,403	12,240,287	3,612,441	9,337,836	7,146,801	4,845,926	8,860,996	8,436,925	9,566,786	7,544,192	6,316,433	6,158,108	5,503,613	5,518,974
total assets	28,247,961	24,264,506	19,946,837	11,547,332	17,554,436	15,370,545	11,695,032	15,542,812	15,064,938	15,912,482	11,920,499	10,548,889	8,086,096	6,552,300	6,176,949
Bank overdraft						170,876		340,292	277,296
Bank loan
Trade Creditors	1,421,911	1,580,335	1,277,352	484,121	1,120,012	1,780,726	654,615	1,007,518	816,051	1,232,302	2,528,356	1,263,534	1,467,939	1,110,693	1,263,260
Group/Directors Accounts	18,093,397	9,490,373	5,790,625	2,716,520	1,186,309	506,678	551,063	290,340	121,363	518,312	87,380	1,948	651	651	135,387
other short term finances
hp & lease commitments
other current liabilities	2,320,465	1,779,309	3,733,935	1,573,866	2,260,404	1,401,257	1,145,913	1,160,791	2,121,728	3,277,573	1,363,532	1,280,153	1,081,818	1,054,948	587,599
total current liabilities	21,835,773	12,850,017	10,801,912	4,774,507	4,566,725	3,859,537	2,351,591	2,798,941	3,336,438	5,028,187	3,979,268	2,545,635	2,550,408	2,166,292	1,986,246
loans
hp & lease commitments
Accruals and Deferred Income	421,115	473,208	525,306	577,408	629,504	681,600
other liabilities
provisions	445,505	313,029	280,633	202,581	177,269	150,118	137,596	139,065	184,387	152,998	78,465	84,375	95,219	96,763	74,582
total long term liabilities	866,620	786,237	805,939	779,989	806,773	831,718	137,596	139,065	184,387	152,998	78,465	84,375	95,219	96,763	74,582
total liabilities	22,702,393	13,636,254	11,607,851	5,554,496	5,373,498	4,691,255	2,489,187	2,938,006	3,520,825	5,181,185	4,057,733	2,630,010	2,645,627	2,263,055	2,060,828
net assets	5,545,568	10,628,252	8,338,986	5,992,836	12,180,938	10,679,290	9,205,845	12,604,806	11,544,113	10,731,297	7,862,766	7,918,879	5,440,469	4,289,245	4,116,121
total shareholders funds	5,545,568	10,628,252	8,338,986	5,992,836	12,180,938	10,679,290	9,205,845	12,604,806	11,544,113	10,731,297	7,862,766	7,918,879	5,440,469	4,289,245	4,116,121

	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	5,356,361	5,136,363	5,099,836	2,243,837	2,773,343	1,826,507	1,682,704	1,600,023	3,166,393	5,648,633	3,265,023	3,453,840	3,296,081	1,605,268	1,414,906
Depreciation	553,906	440,974	465,124	550,328	587,058	522,855	461,078	461,893	501,836	436,126	400,886	349,449	294,517	197,609	135,471
Amortisation
Tax	-820,261	-851,551	-753,690	-425,798	-523,563	-349,366	-335,827	-378,628	-616,959	-1,226,506	-732,084	-855,811	-872,800	-459,958	-409,007
Stock	471,208	-969,561	1,096,557	-56,106	-799,822	522,233	191,123	87,012	50,569	24,829	-47,693	85,032	-78,038	33,558	262,334
Debtors	5,747,819	2,667,655	6,732,218	-3,775,876	884,173	1,379,294	-1,661,114	-97,182	-2,485,254	1,834,633	153,346	2,991,740	555,466	599,493	1,936,809
Creditors	-158,424	302,983	793,231	-635,891	-660,714	1,126,111	-352,903	191,467	-416,251	-1,296,054	1,264,822	-204,405	357,246	-152,567	1,263,260
Accruals and Deferred Income	489,063	-2,006,724	2,107,967	-738,634	807,051	936,944	-14,878	-960,937	-1,155,845	1,914,041	83,379	198,335	26,870	467,349	587,599
Deferred Taxes & Provisions	132,476	32,396	78,052	25,312	27,151	12,522	-1,469	-45,322	31,389	74,533	-5,910	-10,844	-1,544	22,181	74,582
Cash flow from operations	-665,906	1,356,347	-38,255	4,851,136	2,925,975	2,174,046	2,908,696	878,666	3,945,248	3,691,311	4,170,463	-146,208	2,622,942	1,046,831	867,668
Investing Activities
capital expenditure	-869,614	-1,126,700	-238,955	-270,791	-501,630	-1,898,753	-516,473	-66,714	-714,153	-676,071	-355,187	-660,596	-939,233	-587,118	-253,108
Change in Investments	-2,174	-2,173	-2,172	-2,172	78,284	-1,260	111,895	448,982	70,000	4,171,650
cash flow from investments	-867,440	-1,124,527	-236,783	-268,619	-579,914	-1,897,493	-628,368	-515,696	-784,153	-4,847,721	-355,187	-660,596	-939,233	-587,118	-253,108
Financing Activities
Bank loans
Group/Directors Accounts	8,603,024	3,699,748	3,074,105	1,530,211	679,631	-44,385	260,723	168,977	-396,949	430,932	85,432	1,297		-134,736	135,387
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															3,347,536
interest	451	4,454	4	-5,118	1,868	-3,696	982	14,298	18,169	16,404	16,399	26,381	17,943	27,814	43,951
cash flow from financing	8,603,475	3,704,202	3,074,109	1,525,093	681,499	-48,081	261,705	183,275	-378,780	447,336	101,831	27,678	17,943	-106,922	3,526,874
cash and cash equivalents
cash	-2,549,106	1,936,022	799,071	-1,893,413	2,106,684	399,348	-2,545,079	434,241	1,304,824	-2,280,481	1,316,991	-925,607	432,955	-648,412	3,319,831
overdraft					-170,876	170,876	-340,292	62,996	277,296
change in cash	-2,549,106	1,936,022	799,071	-1,893,413	2,277,560	228,472	-2,204,787	371,245	1,027,528	-2,280,481	1,316,991	-925,607	432,955	-648,412	3,319,831

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DALES MARINE SERVICES LIMITED group structure

Dales Marine Services Limited has 2 subsidiary companies.

Ultimate parent company

NEORION TOPCO LIMITED

12977319

DALES ENGINEERING LIMITED

SC185834

2 parents

DALES MARINE SERVICES LIMITED

SC163941

2 subsidiaries

FORTH GROUP LIMITED

SC227669

FORTH ESTUARY ENGINEERING LIMITED

SC085639

DALES MARINE SERVICES LIMITED Shareholders

dales engineering limited

100%

Dales Marine Services 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	62 years	Dec 2020	-	Director
Mr Kevin Paterson	United Kingdom	37 years	Apr 2022	-	Director
Mr Paul O'Brien		55 years	Jan 2024	-	Director
Mrs Kaylea Adam-Owen	United Kingdom	45 years	Jan 2024	-	Director

P&L

December 2023

turnover

30.6m

+2%

operating profit

5.4m

+4%

gross margin

33.1%

+10.21%

turnover

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

Balance Sheet

December 2023

net assets

5.5m

-0.48%

total assets

28.2m

+0.16%

cash

1.2m

-0.68%

net assets

Total assets minus all liabilities

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company number

SC163941

Type

Private limited with Share Capital

industry

33150 - Repair and maintenance of ships and boats

incorporation date

March 1996

ultimate parent company

NEORION TOPCO LIMITED

previous names

mountwest 67 limited (May 1996)

address

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

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 dales marine services limited. Currently there are 3 open charges and 2 have been satisfied in the past.

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dales marine services limited Company Information

dales marine services limited Estimated Valuation

dales marine services limited Estimated Valuation

dales marine services limited Estimated Valuation

Dales Marine Services Limited Overview

Dales Marine Services Limited Health Check

DALES MARINE SERVICES LIMITED financials

dales marine services limited Credit Report and Business Information

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dales marine services limited Ownership

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dales marine services limited Charges & Mortgages

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dales marine services limited Companies House Filings - See Documents