marine procurement ltd
marine procurement ltd Company Information
Company Number
SC338418
Next Accounts
Sep 2025
Shareholders
galliano marine services
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
unit 4-6 prora steading, drem, north berwick, east lothian, EH39 5LN
Website
www.marineprocurement.commarine procurement ltd Estimated Valuation
Pomanda estimates the enterprise value of MARINE PROCUREMENT LTD at £35.3m based on a Turnover of £34.8m and 1.01x industry multiple (adjusted for size and gross margin).
marine procurement ltd Estimated Valuation
Pomanda estimates the enterprise value of MARINE PROCUREMENT LTD at £0 based on an EBITDA of £-55.7k and a 7.42x industry multiple (adjusted for size and gross margin).
marine procurement ltd Estimated Valuation
Pomanda estimates the enterprise value of MARINE PROCUREMENT LTD at £6.3m based on Net Assets of £3m and 2.13x industry multiple (adjusted for liquidity).
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Marine Procurement Ltd Overview
Marine Procurement Ltd is a live company located in north berwick, EH39 5LN with a Companies House number of SC338418. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2008, it's largest shareholder is galliano marine services with a 100% stake. Marine Procurement Ltd is a established, large sized company, Pomanda has estimated its turnover at £34.8m with declining growth in recent years.
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Marine Procurement Ltd Health Check
Pomanda's financial health check has awarded Marine Procurement Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £34.8m, make it larger than the average company (£4.8m)
- Marine Procurement Ltd
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.7%)
- Marine Procurement Ltd
6.7% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Marine Procurement Ltd
38.2% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (5.7%)
- Marine Procurement Ltd
5.7% - Industry AVG
Employees
with 23 employees, this is similar to the industry average (27)
23 - Marine Procurement Ltd
27 - Industry AVG
Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- Marine Procurement Ltd
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.5m, this is more efficient (£171.3k)
- Marine Procurement Ltd
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is later than average (42 days)
- Marine Procurement Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 117 days, this is slower than average (32 days)
- Marine Procurement Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Marine Procurement Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is more cash available to meet short term requirements (22 weeks)
27 weeks - Marine Procurement Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.8%, this is a higher level of debt than the average (62.6%)
72.8% - Marine Procurement Ltd
62.6% - Industry AVG
MARINE PROCUREMENT LTD financials
Marine Procurement Ltd's latest turnover from December 2023 is estimated at £34.8 million and the company has net assets of £3 million. According to their latest financial statements, Marine Procurement Ltd has 23 employees and maintains cash reserves of £4.2 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 | 1,269,517 | 60,578,277 | 50,967,896 | 34,988,542 | 19,515,028 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 61,573,580 | 48,955,188 | 33,794,709 | 18,470,557 | |||||||||||
| Gross Profit | 1,269,517 | -995,303 | 2,012,708 | 1,193,833 | 1,044,471 | ||||||||||
| Admin Expenses | 896,542 | 1,051,655 | 656,454 | 491,176 | 425,280 | ||||||||||
| Operating Profit | 372,975 | -2,046,958 | 1,356,254 | 702,657 | 619,191 | ||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 36,822 | 5,616 | 2,501 | 680 | 179 | ||||||||||
| Pre-Tax Profit | 409,797 | -2,041,342 | 1,358,755 | 703,337 | 619,370 | ||||||||||
| Tax | -276,840 | 448,280 | -358,772 | -190,281 | -173,360 | ||||||||||
| Profit After Tax | 132,957 | -1,593,062 | 999,983 | 513,056 | 446,010 | ||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 132,957 | -1,593,062 | 999,983 | 513,056 | 446,010 | ||||||||||
| Employee Costs | 657,286 | 528,317 | 400,242 | 306,690 | 248,742 | ||||||||||
| Number Of Employees | 23 | 19 | 19 | 17 | 14 | 13 | 12 | 12 | 15 | 13 | 10 | 8 | 6 | 4 | |
| EBITDA* | 387,256 | -2,036,216 | 1,364,807 | 710,581 | 623,221 |
* 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 | 94,379 | 11,314 | 14,933 | 25,632 | 28,213 | 10,659 | 5,833 | 10,247 | 18,533 | 22,243 | 35,988 | 28,700 | 34,625 | 37,277 | 13,017 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,000 | 1,000 | |||||||||||||
| Debtors (Due After 1 year) | 179,614 | 179,614 | 179,614 | 179,614 | 179,614 | 179,614 | 179,614 | ||||||||
| Total Fixed Assets | 273,993 | 190,928 | 194,547 | 205,246 | 207,827 | 190,273 | 185,447 | 10,247 | 18,533 | 23,243 | 36,988 | 28,700 | 34,625 | 37,277 | 13,017 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,646,889 | 9,051,901 | 4,890,542 | 6,392,574 | 2,919,503 | 3,503,062 | 3,637,472 | 10,690,935 | 3,619,072 | 6,470,128 | 18,687,373 | 9,834,116 | 8,506,713 | 5,085,713 | 4,426,868 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 762,570 | 1,060,686 | 625,987 | 482,281 | 517,675 | 281,861 | 487,348 | 454,750 | 500,282 | 1,388,096 | 1,284,942 | 255,743 | 120,842 | 29,167 | |
| Cash | 4,233,663 | 2,534,840 | 3,805,914 | 2,668,108 | 2,527,768 | 2,480,124 | 4,165,188 | 6,504,952 | 5,862,458 | 11,349,909 | 5,751,751 | 2,557,504 | 2,040,576 | 3,649,793 | 1,318,121 |
| misc current assets | |||||||||||||||
| total current assets | 10,643,122 | 12,647,427 | 9,322,443 | 9,542,963 | 5,964,946 | 6,265,047 | 8,290,008 | 17,650,637 | 9,981,812 | 17,820,037 | 25,827,220 | 13,676,562 | 10,803,032 | 8,856,348 | 5,774,156 |
| total assets | 10,917,115 | 12,838,355 | 9,516,990 | 9,748,209 | 6,172,773 | 6,455,320 | 8,475,455 | 17,660,884 | 10,000,345 | 17,843,280 | 25,864,208 | 13,705,262 | 10,837,657 | 8,893,625 | 5,787,173 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 6,924,602 | 7,904,985 | 6,040,115 | 6,538,868 | 3,017,275 | 3,006,643 | 2,956,653 | 12,183,921 | 3,696,784 | 13,928,585 | 18,086,414 | 7,543,003 | 6,638,767 | 5,513,522 | 3,202,991 |
| Group/Directors Accounts | 266,343 | 372,073 | 343,244 | 410,747 | 391,746 | 743,145 | 1,418,600 | 1,256,360 | 636,422 | 1,420,441 | 146,694 | 197,677 | 332,238 | 223,056 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 751,878 | 1,672,752 | 308,038 | 29,445 | 34,427 | 17,019 | 23,300 | 180,738 | 1,676,564 | 2,523,153 | 2,314,321 | 2,009,518 | 2,056,153 | 1,882,470 | |
| total current liabilities | 7,942,823 | 9,949,810 | 6,691,397 | 6,979,060 | 3,443,448 | 3,766,807 | 4,398,553 | 13,621,019 | 6,009,770 | 13,928,585 | 22,030,008 | 10,004,018 | 8,845,962 | 7,901,913 | 5,308,517 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 7,942,823 | 9,949,810 | 6,691,397 | 6,979,060 | 3,443,448 | 3,766,807 | 4,398,553 | 13,621,019 | 6,009,770 | 13,928,585 | 22,030,008 | 10,004,018 | 8,845,962 | 7,901,913 | 5,308,517 |
| net assets | 2,974,292 | 2,888,545 | 2,825,593 | 2,769,149 | 2,729,325 | 2,688,513 | 4,076,902 | 4,039,865 | 3,990,575 | 3,914,695 | 3,834,200 | 3,701,244 | 1,991,695 | 991,712 | 478,656 |
| total shareholders funds | 2,974,292 | 2,888,545 | 2,825,593 | 2,769,149 | 2,729,325 | 2,688,513 | 4,076,902 | 4,039,865 | 3,990,575 | 3,914,695 | 3,834,200 | 3,701,244 | 1,991,695 | 991,712 | 478,656 |
| 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 | 372,975 | -2,046,958 | 1,356,254 | 702,657 | 619,191 | ||||||||||
| Depreciation | 7,648 | 12,483 | 13,678 | 12,931 | 12,552 | 6,444 | 4,414 | 8,874 | 10,386 | 11,893 | 14,281 | 10,742 | 8,553 | 7,924 | 4,030 |
| Amortisation | |||||||||||||||
| Tax | -276,840 | 448,280 | -358,772 | -190,281 | -173,360 | ||||||||||
| Stock | |||||||||||||||
| Debtors | -3,703,128 | 4,596,058 | -1,358,326 | 3,437,677 | -347,745 | -339,897 | -6,841,251 | 7,026,331 | -2,350,774 | -13,605,341 | 8,956,411 | 2,356,602 | 3,555,901 | 750,520 | 4,456,035 |
| Creditors | -980,383 | 1,864,870 | -498,753 | 3,521,593 | 10,632 | 49,990 | -9,227,268 | 8,487,137 | -10,231,801 | -4,157,829 | 10,543,411 | 904,236 | 1,125,245 | 2,310,531 | 3,202,991 |
| Accruals and Deferred Income | -920,874 | 1,364,714 | 278,593 | -4,982 | 17,408 | -6,281 | -157,438 | -1,495,826 | 1,676,564 | -2,523,153 | 208,832 | 304,803 | -46,635 | 173,683 | 1,882,470 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 1,906,248 | -2,735,499 | -1,471,256 | 2,253,994 | 1,079,287 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -23,119 | -5,849 | -5,901 | -32,184 | -5,824 | ||||||||||
| Change in Investments | -1,000 | 1,000 | |||||||||||||
| cash flow from investments | -24,119 | -5,849 | -5,901 | -32,184 | -5,824 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -105,730 | 28,829 | -67,503 | 19,001 | -351,399 | -675,455 | 162,240 | 619,938 | 636,422 | -1,420,441 | 1,273,747 | -50,983 | -134,561 | 109,182 | 223,056 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 36,822 | 5,616 | 2,501 | 680 | 179 | ||||||||||
| cash flow from financing | 1,310,568 | 3,257,244 | -132,060 | 109,862 | 255,881 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 1,698,823 | -1,271,074 | 1,137,806 | 140,340 | 47,644 | -1,685,064 | -2,339,764 | 642,494 | -5,487,451 | 5,598,158 | 3,194,247 | 516,928 | -1,609,217 | 2,331,672 | 1,318,121 |
| overdraft | |||||||||||||||
| change in cash | 1,698,823 | -1,271,074 | 1,137,806 | 140,340 | 47,644 | -1,685,064 | -2,339,764 | 642,494 | -5,487,451 | 5,598,158 | 3,194,247 | 516,928 | -1,609,217 | 2,331,672 | 1,318,121 |
marine procurement ltd Credit Report and Business Information
Marine Procurement Ltd Competitor Analysis
Perform a competitor analysis for marine procurement ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EH39 area or any other competitors across 12 key performance metrics.
marine procurement ltd Ownership
MARINE PROCUREMENT LTD group structure
Marine Procurement Ltd has no subsidiary companies.
Ultimate parent company
EDISON CHOUST OFFSHORE LLC
#0082918
GALLIANO MARINE SERVICES
#0022551
2 parents
MARINE PROCUREMENT LTD
SC338418
marine procurement ltd directors
Marine Procurement Ltd currently has 2 directors. The longest serving directors include Mr Richard Allinson (Feb 2008) and Mr Ross Chouest (May 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Allinson | United Kingdom | 63 years | Feb 2008 | - | Director |
| Mr Ross Chouest | United States | 44 years | May 2008 | - | Director |
P&L
December 2023turnover
34.8m
-25%
operating profit
-63.3k
0%
gross margin
38.2%
-0.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
+0.03%
total assets
10.9m
-0.15%
cash
4.2m
+0.67%
net assets
Total assets minus all liabilities
marine procurement ltd company details
company number
SC338418
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2008
age
17
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
marine procurement services limited (April 2008)
accountant
AZETS AUDIT SERVICES
auditor
-
address
unit 4-6 prora steading, drem, north berwick, east lothian, EH39 5LN
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
marine procurement ltd 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 5 charges/mortgages relating to marine procurement ltd. Currently there are 4 open charges and 1 have been satisfied in the past.
marine procurement ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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marine procurement ltd Companies House Filings - See Documents
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