North West Marine Limited

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north west marine limited Company Information

Live

MatureSmallLow

Company Number

SC265230

Next Accounts

Sep 2025

Industry

Construction of other civil engineering projects n.e.c.

Directors

Pierre De Lapasse

Jean-Michel Berud

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Shareholders

jifmar offshore services sas

Group Structure

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Contact

Registered Address

7e glengallan road, oban, argyll, PA34 4HG

Website

www.northwestmarine.co.uk

north west marine limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of NORTH WEST MARINE LIMITED at £1.4m based on a Turnover of £4.9m and 0.29x industry multiple (adjusted for size and gross margin).

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North West Marine Limited is a live company located in argyll, PA34 4HG with a Companies House number of SC265230. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in March 2004, it's largest shareholder is jifmar offshore services sas with a 100% stake. North West Marine Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with low growth in recent years.

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Pomanda's financial health check has awarded North West Marine Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

8 Weak

Size

annual sales of £4.9m, make it smaller than the average company (£14.2m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.8%)

EXPORT

North West Marine Limited's latest turnover from December 2023 is estimated at £4.9 million and the company has net assets of £427.2 thousand. According to their latest financial statements, North West Marine Limited has 17 employees and maintains cash reserves of £106.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,906,999	7,359,704	7,219,704	4,454,904	4,116,183	3,691,272	2,809,321	2,073,818	2,460,243	3,015,883	3,541,501	2,516,089	2,276,653	2,075,256	2,903,091
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,070,991	6,142,240	6,041,710	3,726,423	3,424,404	3,015,647	2,253,730	1,659,614	1,973,406	2,438,855	2,884,228	1,975,963	1,787,819	1,605,451	2,209,080
Gross Profit	836,007	1,217,464	1,177,994	728,481	691,779	675,625	555,591	414,204	486,837	577,028	657,273	540,126	488,834	469,805	694,011
Admin Expenses	1,104,378	1,276,279	1,184,761	233,789	544,509	647,974	538,361	117,598	733,981	475,261	440,866	658,722	347,290	443,469	391,767
Operating Profit	-268,371	-58,815	-6,767	494,692	147,270	27,651	17,230	296,606	-247,144	101,767	216,407	-118,596	141,544	26,336	302,244
Interest Payable	49,832	57,683	25,519	15,124	22,607	24,819	28,000	36,199	27,575	11,385	12,716	6,659	207	662	455
Interest Receivable	9,366	8,854	813	213	270	157	112	5	1	1	0	105	190	115	30
Pre-Tax Profit	-308,837	-107,644	-31,473	479,780	124,933	2,989	-10,658	260,413	-274,718	90,384	203,691	-125,151	141,527	25,790	301,819
Tax	0	0	0	-91,158	-23,737	-568	0	-52,082	0	-18,981	-46,849	0	-36,797	-7,221	-84,509
Profit After Tax	-308,837	-107,644	-31,473	388,622	101,196	2,421	-10,658	208,330	-274,718	71,403	156,842	-125,151	104,730	18,569	217,310
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-308,837	-107,644	-31,473	388,622	101,196	2,421	-10,658	208,330	-274,718	71,403	156,842	-125,151	104,730	18,569	217,310
Employee Costs	867,275	2,145,218	2,092,306	1,562,516	1,253,268	896,068	502,884	427,075	538,156	631,551	766,801	563,315	589,424	541,595	830,304
Number Of Employees	17	44	45	34	28	21	12	11	14	17	21	16	17	16	24
EBITDA*	67,675	355,194	301,367	677,612	220,447	127,591	117,534	378,595	-156,209	194,295	313,629	12,291	237,182	82,536	363,102

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,551,189	1,554,211	1,614,836	1,333,315	1,255,426	1,195,125	1,233,075	1,060,826	1,132,220	1,127,253	1,127,856	1,096,529	530,476	471,757	390,460
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,551,189	1,554,211	1,614,836	1,333,315	1,255,426	1,195,125	1,233,075	1,060,826	1,132,220	1,127,253	1,127,856	1,096,529	530,476	471,757	390,460
Stock & work in progress	281,716	695,616	918,946	312,143	344,224	450,028	458,555	262,520	186,800	289,700	171,655	144,530	61,008	50,228	40,872
Trade Debtors	829,412	1,000,100	217,709	428,184	387,055	196,350	107,364	131,435	145,992	130,713	327,578	131,872	329,696	307,083	453,997
Group Debtors	0	53,490	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	336,781	46,352	52,686	54,547	59,858	94,465	5,969	59,297	94,509	0	0	0	0	0	0
Cash	106,663	250,131	255,800	394,253	30,846	713	41,172	3,470	289	289	40	74	41,740	34,127	12,059
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,554,572	2,045,689	1,445,141	1,189,127	821,983	741,556	613,060	456,722	427,590	420,702	499,273	276,476	432,444	391,438	506,928
total assets	3,105,761	3,599,900	3,059,977	2,522,442	2,077,409	1,936,681	1,846,135	1,517,548	1,559,810	1,547,955	1,627,129	1,373,005	962,920	863,195	897,388
Bank overdraft	84,983	338,279	0	0	38,719	111,525	121,967	119,959	180,539	0	0	0	0	0	0
Bank loan	0	0	78,110	31,014	29,280	0	0	0	0	0	0	0	0	0	0
Trade Creditors	308,224	188,787	885,922	456,144	483,699	456,216	366,868	326,115	523,951	692,958	792,235	627,475	395,801	377,747	489,959
Group/Directors Accounts	1,543,413	219,985	0	0	0	0	0	40,101	16,536	0	0	0	0	0	0
other short term finances	0	0	170,000	0	0	0	0	67,079	91,165	0	0	0	0	0	0
hp & lease commitments	21,266	11,474	0	14,200	22,077	27,765	40,930	9,826	11,284	0	0	0	0	0	0
other current liabilities	259,822	1,500,273	526,574	665,637	453,073	448,605	190,145	120,143	93,781	0	0	0	0	0	0
total current liabilities	2,217,708	2,258,798	1,660,606	1,166,995	1,026,848	1,044,111	719,910	683,223	917,256	692,958	792,235	627,475	395,801	377,747	489,959
loans	189,353	273,286	354,706	182,763	214,109	236,128	265,752	286,772	412,844	163,915	186,382	204,894	0	6,369	13,988
hp & lease commitments	21,998	22,689	0	10,532	24,733	40,275	68,039	732	10,558	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	63,115	121,954	201,738	234,001	147,106	0	223,158	246,876	226,457	117,287	144,275	95,364
provisions	249,550	309,138	201,032	223,196	201,781	24,628	170,232	0	0	0	4,147	72,524	67,373	57,075	38,917
total long term liabilities	460,901	605,113	555,738	479,606	562,577	502,769	738,024	434,610	423,402	387,073	437,405	503,875	184,660	207,719	148,269
total liabilities	2,678,609	2,863,911	2,216,344	1,646,601	1,589,425	1,546,880	1,457,934	1,117,833	1,340,658	1,080,031	1,229,640	1,131,350	580,461	585,466	638,228
net assets	427,152	735,989	843,633	875,841	487,984	389,801	388,201	399,715	219,152	467,924	397,489	241,655	382,459	277,729	259,160
total shareholders funds	427,152	735,989	843,633	875,841	487,984	389,801	388,201	399,715	219,152	467,924	397,489	241,655	382,459	277,729	259,160

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-268,371	-58,815	-6,767	494,692	147,270	27,651	17,230	296,606	-247,144	101,767	216,407	-118,596	141,544	26,336	302,244
Depreciation	336,046	414,009	308,134	182,920	73,177	99,940	100,304	81,989	90,935	92,528	97,222	130,887	95,638	56,200	60,858
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-91,158	-23,737	-568	0	-52,082	0	-18,981	-46,849	0	-36,797	-7,221	-84,509
Stock	-413,900	-223,330	606,803	-32,081	-114,331	-8,527	196,035	75,720	-102,900	118,045	27,125	83,522	10,780	9,356	40,872
Debtors	66,251	829,547	-212,336	35,818	333,580	177,482	-77,399	-49,769	109,788	-196,865	195,706	-197,824	22,613	-146,914	453,997
Creditors	119,437	-697,135	429,778	-27,555	116,831	89,348	40,753	-197,836	-169,007	-99,277	164,760	231,674	18,054	-112,212	489,959
Accruals and Deferred Income	-1,240,451	973,699	-139,063	212,564	262,928	258,460	70,002	26,362	93,781	0	0	0	0	0	0
Deferred Taxes & Provisions	-59,588	108,106	-22,164	21,415	31,549	-145,604	170,232	0	0	-4,147	-68,377	5,151	10,298	18,158	38,917
Cash flow from operations	-765,278	133,647	175,451	789,141	388,769	160,272	279,885	129,088	-238,323	150,710	140,332	363,418	195,344	118,819	312,600
Investing Activities
capital expenditure	-333,024	-353,384	-589,655	-260,809	-95,528	-61,990	-272,553	-10,595	-95,902	-91,925	-128,549	-696,940	-154,357	-137,497	-451,318
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-333,024	-353,384	-589,655	-260,809	-95,528	-61,990	-272,553	-10,595	-95,902	-91,925	-128,549	-696,940	-154,357	-137,497	-451,318
Financing Activities
Bank loans	0	-78,110	47,096	1,734	29,280	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,323,428	219,985	0	0	0	0	-40,101	23,565	16,536	0	0	0	0	0	0
Other Short Term Loans	0	-170,000	170,000	0	0	0	-67,079	-24,086	91,165	0	0	0	0	0	0
Long term loans	-83,933	-81,420	171,943	-31,346	-51,643	-29,624	-21,020	-126,072	248,929	-22,467	-18,512	204,894	-6,369	-7,619	13,988
Hire Purchase and Lease Commitments	9,101	34,163	-24,732	-22,078	-62,159	-40,929	98,411	-11,284	21,842	0	0	0	0	0	0
other long term liabilities	0	0	-63,115	-58,839	-112,047	-32,263	86,895	147,106	-223,158	-23,718	20,419	109,170	-26,988	48,911	95,364
share issue	0	0	-735	-765	-1,413	-821	-856	-27,767	25,946	-968	-1,008	-15,653	0	0	41,850
interest	-40,466	-48,829	-24,706	-14,911	-22,337	-24,662	-27,888	-36,194	-27,574	-11,384	-12,716	-6,554	-17	-547	-425
cash flow from financing	1,208,130	-124,211	275,751	-126,205	-220,319	-128,299	28,362	-54,732	153,686	-58,537	-11,817	291,857	-33,374	40,745	150,777
cash and cash equivalents
cash	-143,468	-5,669	-138,453	363,407	-10,326	-40,459	37,702	3,181	0	249	-34	-41,666	7,613	22,068	12,059
overdraft	-253,296	338,279	0	-38,719	-83,248	-10,442	2,008	-60,580	180,539	0	0	0	0	0	0
change in cash	109,828	-343,948	-138,453	402,126	72,922	-30,017	35,694	63,761	-180,539	249	-34	-41,666	7,613	22,068	12,059

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTH WEST MARINE LIMITED group structure

North West Marine Limited has no subsidiary companies.

Ultimate parent company

JIFMAR OFFSHORE SERVICES SAS

#0109372

1 parent

NORTH WEST MARINE LIMITED

SC265230

NORTH WEST MARINE LIMITED Shareholders

jifmar offshore services sas

100%

North West Marine Limited currently has 3 directors. The longest serving directors include Mr Pierre De Lapasse (Aug 2018) and Mr Jean-Michel Berud (Aug 2018).

officer	country	age	start	end	role
Mr Pierre De Lapasse	Scotland	38 years	Aug 2018	-	Director
Mr Jean-Michel Berud		53 years	Aug 2018	-	Director
Mr Antony Ratcliffe	Scotland	58 years	Sep 2021	-	Director

P&L

December 2023

turnover

4.9m

-33%

operating profit

-268.4k

gross margin

17.1%

+2.99%

turnover

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

Balance Sheet

December 2023

net assets

427.2k

-0.42%

total assets

3.1m

-0.14%

cash

106.7k

-0.57%

net assets

Total assets minus all liabilities

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company number

SC265230

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

March 2004

ultimate parent company

JIFMAR OFFSHORE SERVICES SAS

previous names

N/A

address

7e glengallan road, oban, argyll, PA34 4HG

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We found 7 charges/mortgages relating to north west marine limited. Currently there are 6 open charges and 1 have been satisfied in the past.

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north west marine limited Company Information

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