flowline specialists limited

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flowline specialists limited Company Information

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Company Number

SC220111

Registered Address

motive offshore, cairnton road, boyndie,, banff, AB45 2LR

Industry

Other business support service activities n.e.c.

 

Telephone

01651871872

Next Accounts Due

September 2024

Group Structure

View All

Directors

Declan Slattery3 Years

David Acton3 Years

View All

Shareholders

motive offshore group ltd 100%

flowline specialists limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of FLOWLINE SPECIALISTS LIMITED at £1.4m based on a Turnover of £2.4m and 0.58x industry multiple (adjusted for size and gross margin).

flowline specialists limited Estimated Valuation

£270k

Pomanda estimates the enterprise value of FLOWLINE SPECIALISTS LIMITED at £270k based on an EBITDA of £69.2k and a 3.9x industry multiple (adjusted for size and gross margin).

flowline specialists limited Estimated Valuation

£15.3m

Pomanda estimates the enterprise value of FLOWLINE SPECIALISTS LIMITED at £15.3m based on Net Assets of £6.1m and 2.5x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Flowline Specialists Limited Overview

Flowline Specialists Limited is a live company located in banff, AB45 2LR with a Companies House number of SC220111. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2001, it's largest shareholder is motive offshore group ltd with a 100% stake. Flowline Specialists Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.

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Flowline Specialists Limited Health Check

Pomanda's financial health check has awarded Flowline Specialists Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £2.4m, make it smaller than the average company (£3.7m)

£2.4m - Flowline Specialists Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (3%)

-24% - Flowline Specialists Limited

3% - Industry AVG

production

Production

with a gross margin of 38.9%, this company has a comparable cost of product (38.9%)

38.9% - Flowline Specialists Limited

38.9% - Industry AVG

profitability

Profitability

an operating margin of -7.8% make it less profitable than the average company (6.3%)

-7.8% - Flowline Specialists Limited

6.3% - Industry AVG

employees

Employees

with 23 employees, this is similar to the industry average (24)

23 - Flowline Specialists Limited

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)

£50.6k - Flowline Specialists Limited

£50.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £102.8k, this is less efficient (£157.5k)

£102.8k - Flowline Specialists Limited

£157.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is later than average (44 days)

57 days - Flowline Specialists Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (33 days)

1 days - Flowline Specialists Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Flowline Specialists Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (24 weeks)

12 weeks - Flowline Specialists Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 16.1%, this is a lower level of debt than the average (63.6%)

16.1% - Flowline Specialists Limited

63.6% - Industry AVG

flowline specialists limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Flowline Specialists Limited Competitor Analysis

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Perform a competitor analysis for flowline specialists limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

flowline specialists limited Ownership

FLOWLINE SPECIALISTS LIMITED group structure

Flowline Specialists Limited has no subsidiary companies.

Ultimate parent company

2 parents

FLOWLINE SPECIALISTS LIMITED

SC220111

FLOWLINE SPECIALISTS LIMITED Shareholders

motive offshore group ltd 100%

flowline specialists limited directors

Flowline Specialists Limited currently has 3 directors. The longest serving directors include Mr Declan Slattery (Nov 2020) and Mr David Acton (Nov 2020).

officercountryagestartendrole
Mr Declan SlatteryScotland40 years Nov 2020- Director
Mr David ActonScotland44 years Nov 2020- Director
Mr James GreggScotland44 years Nov 2020- Director

FLOWLINE SPECIALISTS LIMITED financials

EXPORTms excel logo

Flowline Specialists Limited's latest turnover from December 2022 is estimated at £2.4 million and the company has net assets of £6.1 million. According to their latest financial statements, Flowline Specialists Limited has 23 employees and maintains cash reserves of £57.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,364,8063,631,4855,709,2836,876,6135,332,4525,555,9064,516,6285,255,0978,834,5328,012,3216,342,6428,492,9742,827,0031,550,732
Other Income Or Grants00000000000000
Cost Of Sales1,444,7502,266,0683,539,3013,153,6222,975,0342,914,6142,664,8143,172,7965,578,6995,097,9944,005,6255,220,1961,691,609920,424
Gross Profit920,0561,365,4172,169,9823,722,9912,357,4182,641,2921,851,8142,082,3013,255,8332,914,3272,337,0173,272,7781,135,394630,308
Admin Expenses1,105,6541,273,4641,866,6042,486,8152,220,4491,793,5112,140,6411,572,3612,199,5151,954,318985,6382,325,809883,959-424,539
Operating Profit-185,59891,953303,3781,236,176136,969847,781-288,827509,9401,056,318960,0091,351,379946,969251,4351,054,847
Interest Payable020,37013,64020,57024,36934,66062,87717,796000000
Interest Receivable1,23733000076008781,588945886652
Pre-Tax Profit-184,36171,616289,7381,215,606112,600813,121-351,628492,1441,056,318960,8871,352,967947,914252,3211,055,499
Tax0-13,607-55,485-132,161-42,125-64,32124,561-74,034-221,827-221,004-324,712-246,458-70,650-295,540
Profit After Tax-184,36158,009234,2531,083,44570,475748,800-327,067418,110834,491739,8831,028,255701,456181,671759,959
Dividends Paid00150,00000000000000
Retained Profit-184,36158,00984,2531,083,44570,475748,800-327,067418,110834,491739,8831,028,255701,456181,671759,959
Employee Costs1,164,0871,784,6143,009,2263,157,6522,723,4942,684,9962,405,7992,732,6512,460,8262,261,0931,771,8692,393,689821,433459,095
Number Of Employees2337475455565856696451692413
EBITDA*69,195286,668580,7391,495,290385,6791,073,121-77,582717,3201,263,1281,300,8121,535,4771,066,561317,4361,100,193

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets5,147,6905,532,1385,760,7145,982,7995,981,3085,888,8215,718,5875,467,4805,153,5864,019,3622,531,3021,571,855861,208538,136
Intangible Assets00000000000000
Investments & Other16,14216,14216,14200000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets5,163,8325,548,2805,776,8565,982,7995,981,3085,888,8215,718,5875,467,4805,153,5864,019,3622,531,3021,571,855861,208538,136
Stock & work in progress000000036,44536,44536,44536,44536,44545,00040,000
Trade Debtors370,657531,3311,925,0882,125,576706,610555,875474,376788,7451,207,7911,179,264852,0901,190,977438,645242,569
Group Debtors1,587,3451,636,38727,05000000000000
Misc Debtors88,45870,732171,377207,874286,984238,086135,054439,822000000
Cash57,76612,908149,93913,12730,038164,00175,598000351,116284,23993,565260,759
misc current assets00000000000000
total current assets2,104,2262,251,3582,273,4542,346,5771,023,632957,962685,0281,265,0121,244,2361,215,7091,239,6511,511,661577,210543,328
total assets7,268,0587,799,6388,050,3108,329,3767,004,9406,846,7836,403,6156,732,4926,397,8225,235,0713,770,9533,083,5161,438,4181,081,464
Bank overdraft000126,350788,222575,739580,908811,779000000
Bank loan000168,82200567,4440000000
Trade Creditors 5,537144,855445,702254,953316,421347,859374,524370,5321,296,578986,470909,8931,277,941374,763219,796
Group/Directors Accounts142,190285,000359,56000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities97,62784,690630,258478,931157,411144,483130,760157,595000000
total current liabilities245,354514,5451,435,5201,029,0561,262,0541,068,0811,653,6361,339,9061,296,578986,470909,8931,277,941374,763219,796
loans000356,66072,339239,9650287,500000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000437,500587,5000000
provisions920,903998,931747,292713,612539,044496,919432,598457,159368,029199,877139,719112,48972,02551,709
total long term liabilities920,903998,931747,2921,070,272611,383736,884432,598744,659805,529787,377139,719112,48972,02551,709
total liabilities1,166,2571,513,4762,182,8122,099,3281,873,4371,804,9652,086,2342,084,5652,102,1071,773,8471,049,6121,390,430446,788271,505
net assets6,101,8016,286,1625,867,4986,230,0485,131,5035,041,8184,317,3814,647,9274,295,7153,461,2242,721,3411,693,086991,630809,959
total shareholders funds6,101,8016,286,1625,867,4986,230,0485,131,5035,041,8184,317,3814,647,9274,295,7153,461,2242,721,3411,693,086991,630809,959
Dec 2022Dec 2021Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-185,59891,953303,3781,236,176136,969847,781-288,827509,9401,056,318960,0091,351,379946,969251,4351,054,847
Depreciation254,793194,715277,361259,114248,710225,340211,245207,380206,810340,803184,098119,59266,00145,346
Amortisation00000000000000
Tax0-13,607-55,485-132,161-42,125-64,32124,561-74,034-221,827-221,004-324,712-246,458-70,650-295,540
Stock000000-36,4450000-8,5555,00040,000
Debtors-191,990-95,000-209,9351,339,856199,633184,531-619,13720,77628,527327,174-338,887752,332196,076242,569
Creditors-139,318-110,098190,749-61,468-31,438-26,6653,992-926,046310,10876,577-368,048903,178154,967219,796
Accruals and Deferred Income12,937-394,241151,327321,52012,92813,723-26,835157,595000000
Deferred Taxes & Provisions-78,028285,31933,680174,56842,12564,321-24,56189,130168,15260,15827,23040,46420,31651,709
Cash flow from operations56,776149,0411,110,945457,893167,536875,648555,157-56,8111,491,034889,3691,208,8341,019,968220,993793,589
Investing Activities
capital expenditure129,655255,946-55,2760-341,196-395,024-462,352-599,317-1,341,034-1,828,863-1,143,545-830,239-389,073-583,482
Change in Investments016,14216,14200000000000
cash flow from investments129,655239,804-71,4180-341,196-395,024-462,352-599,317-1,341,034-1,828,863-1,143,545-830,239-389,073-583,482
Financing Activities
Bank loans0-168,822-168,822168,8220-567,444567,4440000000
Group/Directors Accounts-142,810285,000359,56000000000000
Other Short Term Loans 00000000000000
Long term loans0-356,660-356,660284,321-167,626239,965-287,500287,500000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0000000-437,500-150,000587,5000000
share issue0-1,895-446,80315,10019,210-24,363-3,479-65,8980000050,000
interest1,237-20,337-13,640-20,570-24,369-34,660-62,801-17,79608781,588945886652
cash flow from financing-141,573-262,714-626,365447,673-172,785-386,502213,664-233,694-150,000588,3781,58894588650,652
cash and cash equivalents
cash44,858-219136,812-16,911-133,96388,40375,59800-351,11666,877190,674-167,194260,759
overdraft0-126,350-126,350-661,872212,483-5,169-230,871811,779000000
change in cash44,858126,131263,162644,961-346,44693,572306,469-811,7790-351,11666,877190,674-167,194260,759

P&L

December 2022

turnover

2.4m

-35%

operating profit

-185.6k

0%

gross margin

39%

+3.48%

turnover

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

Balance Sheet

December 2022

net assets

6.1m

-0.03%

total assets

7.3m

-0.07%

cash

57.8k

+3.48%

net assets

Total assets minus all liabilities

flowline specialists limited company details

company number

SC220111

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2001

age

23

accounts

Small Company

previous names

N/A

incorporated

UK

address

motive offshore, cairnton road, boyndie,, banff, AB45 2LR

last accounts submitted

December 2022

flowline specialists 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 9 charges/mortgages relating to flowline specialists limited. Currently there are 1 open charges and 8 have been satisfied in the past.

charges

flowline specialists limited Companies House Filings - See Documents

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