Inverlussa Shellfish Company Limited

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inverlussa shellfish company limited Company Information

Live

MatureMidHigh

Company Number

SC265928

Website

www.inverlussa.com

Registered Address

inverlussa, by craignure, isle of mull, argyll, PA65 6BD

Industry

Marine aquaculture

Telephone

01680812109

Next Accounts Due

December 2024

Group Structure

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Directors

Douglas Wilson20 Years

Benjamin Wilson20 Years

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Shareholders

benjamin wilson 34%

douglas wilson 33%

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inverlussa shellfish company limited Estimated Valuation

£66.8m

Pomanda estimates the enterprise value of INVERLUSSA SHELLFISH COMPANY LIMITED at £66.8m based on Net Assets of £31.8m and 2.1x industry multiple (adjusted for liquidity).

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Inverlussa Shellfish Company Limited is a live company located in isle of mull, PA65 6BD with a Companies House number of SC265928. It operates in the marine aquaculture sector, SIC Code 03210. Founded in April 2004, it's largest shareholder is benjamin wilson with a 34% stake. Inverlussa Shellfish Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.7m with high growth in recent years.

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Pomanda's financial health check has awarded Inverlussa Shellfish Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

7 Strong

0 Regular

5 Weak

Size

annual sales of £15.7m, make it larger than the average company (£13m)

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (6.3%)

EXPORT

Inverlussa Shellfish Company Limited's latest turnover from March 2023 is £15.7 million and the company has net assets of £31.8 million. According to their latest financial statements, Inverlussa Shellfish Company Limited has 108 employees and maintains cash reserves of £3.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	15,675,055	12,678,328	8,721,837	7,600,694	7,375,368	6,360,139	6,188,325	4,301,284	3,460,807	4,979,003	5,021,751	2,763,020	1,517,189	1,103,020
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,127,909	8,053,275	5,526,771	5,474,669	4,620,310	3,992,860	4,588,096	3,501,714	2,648,137	3,812,600	4,108,181	2,106,241	1,042,616	841,903
Gross Profit	5,547,146	4,625,053	3,195,066	2,126,025	2,755,058	2,367,279	1,600,228	799,569	812,670	1,166,403	913,570	656,779	474,573	261,117
Admin Expenses	784,091	519,867	575,158	256,314	283,450	288,720	-388,481	222,177	-209,679	-1,938	587,878	433,577	31,432	-567,551
Operating Profit	4,763,055	4,105,186	2,619,908	1,869,711	2,471,608	2,078,559	1,988,709	577,392	1,022,349	1,168,341	325,692	223,202	443,141	828,668
Interest Payable	1,176,415	461,705	263,515	216,331	203,238	166,423	168,555	52,660	8,768	21,181	25,176	20,610	8,305	459
Interest Receivable	0	0	0	0	0	1,801	1,189	2,148	1,582	534	545	1,075	1,496	962
Pre-Tax Profit	3,586,640	3,643,481	2,356,393	1,653,380	2,268,370	1,916,289	1,821,343	526,880	1,015,163	1,147,695	301,061	203,668	436,332	829,171
Tax	-926,350	-721,449	-459,928	-344,986	-564,978	-319,932	-364,268	-105,376	-213,184	-263,970	-72,255	-52,954	-122,173	-232,168
Profit After Tax	2,660,290	2,922,032	1,896,465	1,308,394	1,703,392	1,596,357	1,457,074	421,504	801,979	883,725	228,806	150,714	314,159	597,003
Dividends Paid	216,000	220,000	198,996	259,996	259,996	259,996	0	0	0	0	0	0	0	0
Retained Profit	2,444,290	2,702,032	1,697,469	1,048,398	1,443,396	1,336,361	1,457,074	421,504	801,979	883,725	228,806	150,714	314,159	597,003
Employee Costs	5,388,753	4,384,624	3,244,877	2,841,415	2,537,800	2,406,413	1,414,544	691,985	526,674	815,411	736,787	318,735	162,724	142,557
Number Of Employees	108	93	69	62	58	58	44	23	18	28	27	12	6	5
EBITDA*	6,701,625	5,391,047	3,650,259	3,060,851	3,344,672	2,104,818	2,336,825	865,641	1,236,237	1,386,041	451,457	370,006	617,054	927,228

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	67,373,701	47,432,179	33,139,370	27,265,131	20,291,467	15,769,729	10,194,258	8,943,806	7,603,109	5,386,811	3,766,927	2,339,125	1,318,785	525,408
Intangible Assets	0	0	0	0	0	0	0	0	0	4,000	11,910	19,820	27,730	35,640
Investments & Other	223,932	207,616	207,616	0	207,616	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
Total Fixed Assets	67,597,633	47,639,795	33,346,986	27,265,131	20,499,083	15,769,729	10,194,258	8,943,806	7,603,109	5,390,811	3,778,837	2,358,945	1,346,515	561,048
Stock & work in progress	174,495	114,279	95,000	95,000	95,000	95,000	95,000	95,000	75,000	75,000	75,000	75,000	75,000	125,000
Trade Debtors	2,050,040	1,939,294	1,632,698	1,510,943	1,634,367	1,336,983	1,376,027	672,555	581,096	407,386	301,411	123,425	131,612	45,833
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	90,576	107,104	94,923	35,675	84,883	101,300	0	0	0	0	0	0	0	0
Cash	3,486,820	2,817,163	2,484,795	201,404	454,065	207,368	512,892	438,613	420,709	212,169	1,436	216,437	213,530	384,817
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,801,931	4,977,840	4,307,416	1,843,022	2,268,315	1,740,651	1,983,919	1,206,168	1,076,805	694,555	377,847	414,862	420,142	555,650
total assets	73,399,564	52,617,635	37,654,402	29,108,153	22,767,398	17,510,380	12,178,177	10,149,974	8,679,914	6,085,366	4,156,684	2,773,807	1,766,657	1,116,698
Bank overdraft	0	0	829,862	0	0	651,707	366,799	0	0	0	0	0	0	0
Bank loan	2,361,998	1,674,710	0	1,146,761	659,892	0	0	0	0	0	0	0	0	0
Trade Creditors	215,284	233,274	139,139	193,335	809,665	144,338	89,773	972,680	777,071	2,106,464	1,888,529	1,190,871	613,971	505,476
Group/Directors Accounts	388,804	316,668	265,993	236,129	204,892	255,826	364,923	0	0	0	0	0	0	0
other short term finances	100,000	100,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	1,715,563	436,568	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	862,651	913,657	591,933	393,603	653,820	652,798	541,096	0	0	0	0	0	0	0
total current liabilities	5,644,300	3,674,877	1,826,927	1,969,828	2,328,269	1,704,669	1,362,591	972,680	777,071	2,106,464	1,888,529	1,190,871	613,971	505,476
loans	26,344,265	15,457,347	13,778,767	7,280,191	6,069,217	6,578,616	3,406,659	1,620,316	0	269,775	381,937	392,719	241,424	14,119
hp & lease commitments	0	1,715,943	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	600,697	645,452	0	0	0	0	0	0	933,801	0	0	0	0	0
other liabilities	0	0	651,318	693,466	738,129	0	0	2,662,542	2,677,842	415,013	393,440	0	0	0
provisions	8,960,548	5,649,273	3,882,695	3,347,442	2,241,441	1,157,035	931,540	712,196	518,148	307,152	201,996	128,241	0	0
total long term liabilities	35,905,510	23,468,015	18,312,780	11,321,099	9,048,787	7,735,651	4,338,199	4,995,054	4,129,791	991,940	977,373	520,960	241,424	14,119
total liabilities	41,549,810	27,142,892	20,139,707	13,290,927	11,377,056	9,440,320	5,700,790	5,967,734	4,906,862	3,098,404	2,865,902	1,711,831	855,395	519,595
net assets	31,849,754	25,474,743	17,514,695	15,817,226	11,390,342	8,070,060	6,477,387	4,182,240	3,773,052	2,986,962	1,290,782	1,061,976	911,262	597,103
total shareholders funds	31,849,754	25,474,743	17,514,695	15,817,226	11,390,342	8,070,060	6,477,387	4,182,240	3,773,052	2,986,962	1,290,782	1,061,976	911,262	597,103

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	4,763,055	4,105,186	2,619,908	1,869,711	2,471,608	2,078,559	1,988,709	577,392	1,022,349	1,168,341	325,692	223,202	443,141	828,668
Depreciation	1,938,570	1,285,861	1,030,351	1,191,140	873,064	26,259	348,116	288,249	209,888	209,790	117,855	138,894	166,003	90,650
Amortisation	0	0	0	0	0	0	0	0	4,000	7,910	7,910	7,910	7,910	7,910
Tax	-926,350	-721,449	-459,928	-344,986	-564,978	-319,932	-364,268	-105,376	-213,184	-263,970	-72,255	-52,954	-122,173	-232,168
Stock	60,216	19,279	0	0	0	0	0	20,000	0	0	0	0	-50,000	125,000
Debtors	94,218	318,777	181,003	-172,632	280,967	62,256	703,472	91,459	173,710	105,975	177,986	-8,187	85,779	45,833
Creditors	-17,990	94,135	-54,196	-616,330	665,327	54,565	-882,907	195,609	-1,329,393	217,935	697,658	576,900	108,495	505,476
Accruals and Deferred Income	-95,761	967,176	198,330	-260,217	1,022	111,702	541,096	-933,801	933,801	0	0	0	0	0
Deferred Taxes & Provisions	3,311,275	1,766,578	535,253	1,106,001	1,084,406	225,495	219,344	194,048	210,996	105,156	73,755	128,241	0	0
Cash flow from operations	8,818,365	7,159,431	3,688,715	3,117,951	4,249,482	2,114,392	1,146,618	104,662	664,747	1,339,187	972,629	1,030,380	567,597	1,029,703
Investing Activities
capital expenditure	0	0	0	0	0	-5,601,730	-1,598,568	-1,628,946	-2,426,186	-1,829,674	-1,545,657	-1,159,234	-959,380	-659,608
Change in Investments	16,316	0	207,616	-207,616	207,616	0	0	0	0	0	0	0	0	0
cash flow from investments	-16,316	0	-207,616	207,616	-207,616	-5,601,730	-1,598,568	-1,628,946	-2,426,186	-1,829,674	-1,545,657	-1,159,234	-959,380	-659,608
Financing Activities
Bank loans	687,288	1,674,710	-1,146,761	486,869	659,892	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	72,136	50,675	29,864	31,237	-50,934	-109,097	364,923	0	0	0	0	0	0	0
Other Short Term Loans	0	100,000	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	10,886,918	1,678,580	6,498,576	1,210,974	-509,399	3,171,957	1,786,343	1,620,316	-269,775	-112,162	-10,782	151,295	227,305	14,119
Hire Purchase and Lease Commitments	-436,948	2,152,511	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-651,318	-42,148	-44,663	738,129	0	-2,662,542	-15,300	2,262,829	21,573	393,440	0	0	0
share issue	3,930,721	5,258,016	0	3,378,486	1,876,886	256,312	838,073	-12,316	-15,889	812,455	0	0	0	100
interest	-1,176,415	-461,705	-263,515	-216,331	-203,238	-164,622	-167,366	-50,512	-7,186	-20,647	-24,631	-19,535	-6,809	503
cash flow from financing	13,963,700	9,801,469	5,076,016	4,846,572	2,511,336	3,154,550	159,431	1,542,188	1,969,979	701,219	358,027	131,760	220,496	14,722
cash and cash equivalents
cash	669,657	332,368	2,283,391	-252,661	246,697	-305,524	74,279	17,904	208,540	210,733	-215,001	2,907	-171,287	384,817
overdraft	0	-829,862	829,862	0	-651,707	284,908	366,799	0	0	0	0	0	0	0
change in cash	669,657	1,162,230	1,453,529	-252,661	898,404	-590,432	-292,520	17,904	208,540	210,733	-215,001	2,907	-171,287	384,817

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INVERLUSSA SHELLFISH COMPANY LIMITED group structure

Inverlussa Shellfish Company Limited has no subsidiary companies.

Ultimate parent company

INVERLUSSA SHELLFISH COMPANY LIMITED

SC265928

INVERLUSSA SHELLFISH COMPANY LIMITED Shareholders

benjamin wilson	34%
douglas wilson	33%
helen wilson	33%

Inverlussa Shellfish Company Limited currently has 3 directors. The longest serving directors include Mr Douglas Wilson (Apr 2004) and Mr Benjamin Wilson (Apr 2004).

officer	country	age	start	end	role
Mr Douglas Wilson	United Kingdom	67 years	Apr 2004	-	Director
Mr Benjamin Wilson	Scotland	42 years	Apr 2004	-	Director
Mrs Helen Wilson	United Kingdom	69 years	Apr 2004	-	Director

P&L

March 2023

turnover

15.7m

+24%

operating profit

4.8m

+16%

gross margin

35.4%

-2.99%

turnover

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

Balance Sheet

March 2023

net assets

31.8m

+0.25%

total assets

73.4m

+0.39%

cash

3.5m

+0.24%

net assets

Total assets minus all liabilities

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company number

SC265928

Type

Private limited with Share Capital

industry

03210 - Marine aquaculture

incorporation date

April 2004

ultimate parent company

None

previous names

N/A

address

inverlussa, by craignure, isle of mull, argyll, PA65 6BD

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 64 charges/mortgages relating to inverlussa shellfish company limited. Currently there are 64 open charges and 0 have been satisfied in the past.

inverlussa shellfish company limited Company Information

inverlussa shellfish company limited Estimated Valuation

inverlussa shellfish company limited Estimated Valuation

inverlussa shellfish company limited Estimated Valuation

Inverlussa Shellfish Company Limited Overview

Inverlussa Shellfish Company Limited Health Check

INVERLUSSA SHELLFISH COMPANY LIMITED financials

inverlussa shellfish company limited Credit Report and Business Information

Inverlussa Shellfish Company Limited Competitor Analysis

inverlussa shellfish company limited Ownership

inverlussa shellfish company limited directors

inverlussa shellfish company limited company details

inverlussa shellfish company limited Charges & Mortgages

inverlussa shellfish company limited Companies House Filings - See Documents