mooring systems limited
mooring systems limited Company Information
Company Number
SC251291
Website
www.mooringsystemsltd.comRegistered Address
first integrated house, broadfold road, aberdeen, AB23 8EE
Industry
Support activities for petroleum and natural gas extraction
Telephone
01224227814
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
first tech ltd 100%
mooring systems limited Estimated Valuation
Pomanda estimates the enterprise value of MOORING SYSTEMS LIMITED at £73.4k based on a Turnover of £134.4k and 0.55x industry multiple (adjusted for size and gross margin).
mooring systems limited Estimated Valuation
Pomanda estimates the enterprise value of MOORING SYSTEMS LIMITED at £0 based on an EBITDA of £-129.2k and a 2.26x industry multiple (adjusted for size and gross margin).
mooring systems limited Estimated Valuation
Pomanda estimates the enterprise value of MOORING SYSTEMS LIMITED at £9.3m based on Net Assets of £6.4m and 1.45x industry multiple (adjusted for liquidity).
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Mooring Systems Limited Overview
Mooring Systems Limited is a live company located in aberdeen, AB23 8EE with a Companies House number of SC251291. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in June 2003, it's largest shareholder is first tech ltd with a 100% stake. Mooring Systems Limited is a mature, micro sized company, Pomanda has estimated its turnover at £134.4k with declining growth in recent years.
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Mooring Systems Limited Health Check
Pomanda's financial health check has awarded Mooring Systems Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £134.4k, make it smaller than the average company (£14.1m)
- Mooring Systems Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (-2.2%)
- Mooring Systems Limited
-2.2% - Industry AVG
Production
with a gross margin of 22.8%, this company has a comparable cost of product (22.8%)
- Mooring Systems Limited
22.8% - Industry AVG
Profitability
an operating margin of -96.5% make it less profitable than the average company (6.9%)
- Mooring Systems Limited
6.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (38)
1 - Mooring Systems Limited
38 - Industry AVG
Pay Structure
on an average salary of £68.3k, the company has an equivalent pay structure (£68.3k)
- Mooring Systems Limited
£68.3k - Industry AVG
Efficiency
resulting in sales per employee of £134.4k, this is less efficient (£196.4k)
- Mooring Systems Limited
£196.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Mooring Systems Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (27 days)
- Mooring Systems Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 78 days, this is more than average (33 days)
- Mooring Systems Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Mooring Systems Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.3%, this is a lower level of debt than the average (56.8%)
0.3% - Mooring Systems Limited
56.8% - Industry AVG
MOORING SYSTEMS LIMITED financials
Mooring Systems Limited's latest turnover from April 2023 is estimated at £134.4 thousand and the company has net assets of £6.4 million. According to their latest financial statements, Mooring Systems Limited has 1 employee and maintains cash reserves of £577 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,044,574 | 1,861,661 | 2,050,227 | 2,306,304 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 2,166,015 | 635,156 | 1,113,161 | 1,065,133 | ||||||||||
| Gross Profit | 1,878,559 | 1,226,505 | 937,066 | 1,241,171 | ||||||||||
| Admin Expenses | 836,887 | 1,245,979 | 478,420 | 1,145,467 | ||||||||||
| Operating Profit | 1,041,672 | -19,474 | 458,646 | 95,704 | ||||||||||
| Interest Payable | 8,573 | 193 | 0 | 41,121 | ||||||||||
| Interest Receivable | 246 | 18,055 | 83,525 | 100,813 | ||||||||||
| Pre-Tax Profit | 1,020,433 | 974,860 | -686,069 | 202,456 | ||||||||||
| Tax | -28,773 | -132,137 | 237,649 | -56,798 | ||||||||||
| Profit After Tax | 991,660 | 842,723 | -448,420 | 145,658 | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||||||
| Retained Profit | 991,660 | 842,723 | -448,420 | 145,658 | ||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | ||||||
| EBITDA* | 1,171,977 | 108,247 | 536,935 | 351,328 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,053 | 523 | 4,347 | 58,632 | 130,247 | 236,314 | 341,838 | 447,471 | 550,319 | 716,839 | 834,095 | 858,844 | 2,574,251 | 2,288,870 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 525 | 2,098 | 3,671 | 5,244 |
| 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 | 6,822,662 | 6,317,855 | 0 | 0 | 1,207,769 | 1,197,446 | 6,520,127 | 5,030,046 | 0 | 0 |
| Total Fixed Assets | 1,053 | 523 | 4,347 | 58,632 | 6,952,909 | 6,554,169 | 341,838 | 447,471 | 1,758,088 | 1,914,285 | 7,354,747 | 5,890,988 | 2,577,922 | 2,294,114 |
| Stock & work in progress | 22,425 | 22,581 | 8,456 | 8,456 | 8,456 | 91,797 | 105,388 | 90,799 | 104,409 | 356,575 | 275,921 | 281,494 | 8,300 | 247,572 |
| Trade Debtors | 0 | 0 | 397,838 | 158,709 | 138,798 | 127,464 | 117,930 | 6,440 | 217,153 | 5,008,673 | 277,388 | 117,443 | 2,928 | 35,769 |
| Group Debtors | 6,413,341 | 6,545,966 | 6,337,122 | 6,727,515 | 684 | 3,447 | 6,977,832 | 1,249,464 | 0 | 0 | 0 | 3,500 | 140,398 | 0 |
| Misc Debtors | 14,461 | 15,214 | 10,274 | 21,100 | 19,489 | 19,023 | 0 | 5,698,247 | 5,711,161 | 0 | 0 | 28,624 | 40,710 | 116,932 |
| Cash | 577 | 632 | 71,987 | 6,684 | 5,629 | 475 | 2,127 | 1,798 | 11,610 | 56,613 | 279,790 | 952 | 3,131,277 | 3,677,979 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,450,804 | 6,584,393 | 6,825,677 | 6,922,464 | 173,056 | 242,206 | 7,203,277 | 7,046,748 | 6,044,333 | 5,421,861 | 833,099 | 432,013 | 3,323,613 | 4,078,252 |
| total assets | 6,451,857 | 6,584,916 | 6,830,024 | 6,981,096 | 7,125,965 | 6,796,375 | 7,545,115 | 7,494,219 | 7,802,421 | 7,336,146 | 8,187,846 | 6,323,001 | 5,901,535 | 6,372,366 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | 0 | 0 | 9 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,125 | 6,638 | 119,021 | 90,764 | 190,208 | 85,775 | 153,846 | 97,901 | 109,916 | 285,499 | 345,293 | 356,765 | 664,043 | 981,668 |
| Group/Directors Accounts | 0 | 0 | 0 | 192,350 | 432,484 | 28,916 | 10,399 | 0 | 0 | 0 | 0 | 350 | 4,408 | 4,408 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 16,429 | 17,257 | 10,958 | 159,259 | 38,411 | 51,748 | 646,462 | 463,953 | 28,202 | 0 | 1,174,397 | 255,489 | 516,409 | 110,717 |
| total current liabilities | 20,554 | 23,895 | 129,979 | 442,373 | 661,103 | 166,439 | 810,707 | 561,854 | 138,136 | 285,499 | 1,519,690 | 612,613 | 1,184,860 | 1,096,793 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 488 | 10,697 | 0 | 25,220 | 41,748 | 79,836 | 109,283 | 128,917 | 172,231 | 206,123 | 55,133 | 165,611 |
| total long term liabilities | 0 | 0 | 488 | 10,697 | 0 | 25,220 | 41,748 | 79,836 | 109,283 | 128,917 | 172,231 | 206,123 | 55,133 | 165,611 |
| total liabilities | 20,554 | 23,895 | 130,467 | 453,070 | 661,103 | 191,659 | 852,455 | 641,690 | 247,419 | 414,416 | 1,691,921 | 818,736 | 1,239,993 | 1,262,404 |
| net assets | 6,431,303 | 6,561,021 | 6,699,557 | 6,528,026 | 6,464,862 | 6,604,716 | 6,692,660 | 6,852,529 | 7,555,002 | 6,921,730 | 6,495,925 | 5,504,265 | 4,661,542 | 5,109,962 |
| total shareholders funds | 6,431,303 | 6,561,021 | 6,699,557 | 6,528,026 | 6,464,862 | 6,604,716 | 6,692,660 | 6,852,529 | 7,555,002 | 6,921,730 | 6,495,925 | 5,504,265 | 4,661,542 | 5,109,962 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,041,672 | -19,474 | 458,646 | 95,704 | ||||||||||
| Depreciation | 545 | 3,824 | 54,285 | 71,615 | 104,707 | 105,524 | 105,633 | 103,747 | 111,962 | 120,104 | 128,732 | 126,148 | 76,716 | 254,051 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 525 | 1,573 | 1,573 | 1,573 | 1,573 |
| Tax | -28,773 | -132,137 | 237,649 | -56,798 | ||||||||||
| Stock | -156 | 14,125 | 0 | 0 | -83,341 | -13,591 | 14,589 | -13,610 | -252,166 | 80,654 | -5,573 | 273,194 | -239,272 | 247,572 |
| Debtors | -133,378 | -184,054 | -162,090 | -74,309 | 513,844 | -627,973 | 141,611 | -181,932 | 929,964 | -591,396 | 1,617,902 | 4,995,577 | 31,335 | 152,701 |
| Creditors | -2,513 | -112,383 | 28,257 | -99,444 | 104,433 | -68,071 | 55,945 | -12,015 | -175,583 | -59,794 | -11,472 | -307,278 | -317,625 | 981,668 |
| Accruals and Deferred Income | -828 | 6,299 | -148,301 | 120,848 | -13,337 | -594,714 | 182,509 | 435,751 | 28,202 | -1,174,397 | 918,908 | -260,920 | 405,692 | 110,717 |
| Deferred Taxes & Provisions | 0 | -488 | -10,209 | 10,697 | -25,220 | -16,528 | -38,088 | -29,447 | -19,634 | -43,314 | -33,892 | 150,990 | -110,478 | 165,611 |
| Cash flow from operations | 404,419 | -5,709,869 | 960,110 | 1,152,253 | ||||||||||
| 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 | 0 | 0 | -192,350 | -240,134 | 403,568 | 18,517 | 10,399 | 0 | 0 | 0 | -350 | -4,058 | 0 | 4,408 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -8,327 | 17,862 | 83,525 | 59,692 | ||||||||||
| cash flow from financing | -8,677 | 13,804 | 83,525 | 5,028,404 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -55 | -71,355 | 65,303 | 1,055 | 5,154 | -1,652 | 329 | -9,812 | -45,003 | -223,177 | 278,838 | -3,130,325 | -546,702 | 3,677,979 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 | 18 | 0 | -9 | 9 | 0 | 0 |
| change in cash | -55 | -71,355 | 65,303 | 1,055 | 5,154 | -1,652 | 329 | -9,794 | -45,021 | -223,177 | 278,847 | -3,130,334 | -546,702 | 3,677,979 |
mooring systems limited Credit Report and Business Information
Mooring Systems Limited Competitor Analysis
Perform a competitor analysis for mooring systems limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other micro companies, companies in AB23 area or any other competitors across 12 key performance metrics.
mooring systems limited Ownership
MOORING SYSTEMS LIMITED group structure
Mooring Systems Limited has no subsidiary companies.
mooring systems limited directors
Mooring Systems Limited currently has 3 directors. The longest serving directors include Mr Ian Suttie (Jun 2003) and Mr Martin Suttie (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Suttie | Scotland | 77 years | Jun 2003 | - | Director |
| Mr Martin Suttie | Scotland | 46 years | Dec 2021 | - | Director |
| Mr Steven Brown | Scotland | 36 years | Jul 2024 | - | Director |
P&L
April 2023turnover
134.4k
-20%
operating profit
-129.7k
0%
gross margin
22.8%
+18.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
6.4m
-0.02%
total assets
6.5m
-0.02%
cash
577
-0.09%
net assets
Total assets minus all liabilities
Similar Companies
mooring systems limited company details
company number
SC251291
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
June 2003
age
21
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2023
previous names
first tech limited (October 2003)
summercoll limited (June 2003)
accountant
ANDERSON ANDERSON AND BROWN AUDIT LLP
auditor
-
address
first integrated house, broadfold road, aberdeen, AB23 8EE
Bank
CLYDESDALE BANK
Legal Advisor
-
mooring systems 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 3 charges/mortgages relating to mooring systems limited. Currently there are 1 open charges and 2 have been satisfied in the past.
mooring systems limited Companies House Filings - See Documents
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