scottish rowing Company Information
Group Structure
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Industry
Other sports activities (not including activities of racehorse owners) n.e.c.
Registered Address
scottish rowing centre, 366 hamilton road, motherwell, lanarkshire, ML1 3ED
scottish rowing Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH ROWING at £778.5k based on a Turnover of £809.8k and 0.96x industry multiple (adjusted for size and gross margin).
scottish rowing Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH ROWING at £41.2k based on an EBITDA of £9.6k and a 4.3x industry multiple (adjusted for size and gross margin).
scottish rowing Estimated Valuation
Pomanda estimates the enterprise value of SCOTTISH ROWING at £391.8k based on Net Assets of £191.8k and 2.04x industry multiple (adjusted for liquidity).
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Scottish Rowing Overview
Scottish Rowing is a live company located in motherwell, ML1 3ED with a Companies House number of SC357505. It operates in the other sports activities sector, SIC Code 93199. Founded in March 2009, it's largest shareholder is unknown. Scottish Rowing is a established, small sized company, Pomanda has estimated its turnover at £809.8k with rapid growth in recent years.
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Scottish Rowing Health Check
Pomanda's financial health check has awarded Scottish Rowing a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
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3 Strong
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5 Regular
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3 Weak
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Size
annual sales of £809.8k, make it larger than the average company (£595k)
- Scottish Rowing
£595k - Industry AVG
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Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (12%)
- Scottish Rowing
12% - Industry AVG
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Production
with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)
- Scottish Rowing
44.7% - Industry AVG
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Profitability
an operating margin of -2.8% make it less profitable than the average company (1.3%)
- Scottish Rowing
1.3% - Industry AVG
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Employees
with 12 employees, this is similar to the industry average (13)
12 - Scottish Rowing
13 - Industry AVG
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Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£28k)
- Scottish Rowing
£28k - Industry AVG
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Efficiency
resulting in sales per employee of £67.5k, this is equally as efficient (£64.3k)
- Scottish Rowing
£64.3k - Industry AVG
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Debtor Days
it gets paid by customers after 19 days, this is later than average (15 days)
- Scottish Rowing
15 days - Industry AVG
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Creditor Days
its suppliers are paid after 68 days, this is slower than average (28 days)
- Scottish Rowing
28 days - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- Scottish Rowing
- - Industry AVG
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Cash Balance
has cash to cover current liabilities for 79 weeks, this is average cash available to meet short term requirements (69 weeks)
79 weeks - Scottish Rowing
69 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 85.9%, this is a higher level of debt than the average (36.6%)
85.9% - Scottish Rowing
36.6% - Industry AVG
SCOTTISH ROWING financials
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Scottish Rowing's latest turnover from March 2024 is estimated at £809.8 thousand and the company has net assets of £191.8 thousand. According to their latest financial statements, Scottish Rowing has 12 employees and maintains cash reserves of £205.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2024 | 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 | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 12 | 13 | 11 | 11 | 11 | 8 | 7 | 7 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | 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 | 1,098,724 | 1,072,373 | 1,012,615 | 1,022,214 | 1,041,838 | 1,014,295 | 39,325 | 52,545 | 67,262 | 82,073 | 96,840 | ||||
Intangible Assets | |||||||||||||||
Investments & Other | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||
Debtors (Due After 1 year) | 12,552 | 1,693,074 | 1,663,141 | 1,639,491 | 1,632,917 | 1,600,199 | 1,562,550 | 1,525,383 | 1,495,710 | 1,446,950 | |||||
Total Fixed Assets | 1,098,724 | 1,072,373 | 1,012,615 | 1,022,214 | 1,041,840 | 1,026,849 | 1,732,401 | 1,715,688 | 1,706,755 | 1,714,992 | 1,697,041 | 1,562,552 | 1,525,385 | 1,495,712 | 1,446,952 |
Stock & work in progress | |||||||||||||||
Trade Debtors | 43,038 | 22,148 | 18,321 | 3,513 | 5,437 | 10,608 | 18,249 | 23,173 | 14,442 | 39,757 | 131,960 | 21,340 | 8,154 | 4,158 | 7,971 |
Group Debtors | 13,326 | ||||||||||||||
Misc Debtors | 16,744 | 20,507 | 1,023 | 10,006 | 7,058 | 12,476 | 17,810 | 11,524 | 17,058 | ||||||
Cash | 205,381 | 211,902 | 237,399 | 194,290 | 161,076 | 120,351 | 225,692 | 140,417 | 203,043 | 221,933 | 195,311 | 100,553 | 89,510 | 130,387 | 113,389 |
misc current assets | |||||||||||||||
total current assets | 265,163 | 254,557 | 256,743 | 207,809 | 186,897 | 143,435 | 261,751 | 175,114 | 234,543 | 261,690 | 327,271 | 121,893 | 97,664 | 134,545 | 121,360 |
total assets | 1,363,887 | 1,326,930 | 1,269,358 | 1,230,023 | 1,228,737 | 1,170,284 | 1,994,152 | 1,890,802 | 1,941,298 | 1,976,682 | 2,024,312 | 1,684,445 | 1,623,049 | 1,630,257 | 1,568,312 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 84,059 | 66,513 | 46,574 | 35,304 | 43,526 | 38,890 | 65,053 | 5,314 | 8,025 | 85,922 | 147,555 | 16,885 | 23,207 | 43,404 | 12,430 |
Group/Directors Accounts | |||||||||||||||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 50,516 | 42,006 | 40,707 | 21,503 | 15,494 | 7,574 | 33,038 | 14,333 | 80,483 | ||||||
total current liabilities | 134,575 | 108,519 | 87,281 | 56,807 | 59,020 | 46,464 | 98,091 | 19,647 | 88,508 | 85,922 | 147,555 | 16,885 | 23,207 | 43,404 | 12,430 |
loans | |||||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | 1,037,545 | 1,014,885 | 999,828 | 1,023,862 | 1,045,847 | 980,188 | 1,000,119 | 1,001,536 | 1,025,428 | 1,033,520 | 1,062,882 | 956,687 | 960,050 | 962,787 | 951,787 |
other liabilities | |||||||||||||||
provisions | |||||||||||||||
total long term liabilities | 1,037,545 | 1,014,885 | 999,828 | 1,023,862 | 1,045,847 | 980,188 | 1,000,119 | 1,001,536 | 1,025,428 | 1,033,520 | 1,062,882 | 956,687 | 960,050 | 962,787 | 951,787 |
total liabilities | 1,172,120 | 1,123,404 | 1,087,109 | 1,080,669 | 1,104,867 | 1,026,652 | 1,098,210 | 1,021,183 | 1,113,936 | 1,119,442 | 1,210,437 | 973,572 | 983,257 | 1,006,191 | 964,217 |
net assets | 191,767 | 203,526 | 182,249 | 149,354 | 123,870 | 143,632 | 895,942 | 869,619 | 827,362 | 857,240 | 813,875 | 710,873 | 639,792 | 624,066 | 604,095 |
total shareholders funds | 191,767 | 203,526 | 182,249 | 149,354 | 123,870 | 143,632 | 895,942 | 869,619 | 827,362 | 857,240 | 813,875 | 710,873 | 639,792 | 624,066 | 604,095 |
Mar 2024 | 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 | |||||||||||||||
Depreciation | 32,301 | 27,837 | 20,953 | 29,001 | 21,896 | 34,623 | 13,220 | 14,717 | 14,811 | 14,767 | 1,879 | ||||
Amortisation | |||||||||||||||
Tax | |||||||||||||||
Stock | |||||||||||||||
Debtors | 17,127 | 23,311 | 5,825 | -12,302 | -9,815 | -1,693,497 | 31,295 | 26,847 | -1,683 | -59,485 | 148,269 | 50,353 | 33,669 | 44,947 | 1,454,921 |
Creditors | 17,546 | 19,939 | 11,270 | -8,222 | 4,636 | -26,163 | 59,739 | -2,711 | -77,897 | -61,633 | 130,670 | -6,322 | -20,197 | 30,974 | 12,430 |
Accruals and Deferred Income | 31,170 | 16,356 | -4,830 | -15,976 | 73,579 | -45,395 | 17,288 | -90,042 | 72,391 | -29,362 | 106,195 | -3,363 | -2,737 | 11,000 | 951,787 |
Deferred Taxes & Provisions | |||||||||||||||
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | -2 | 2 | |||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | |||||||||||||||
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -6,521 | -25,497 | 43,109 | 33,214 | 40,725 | -105,341 | 85,275 | -62,626 | -18,890 | 26,622 | 94,758 | 11,043 | -40,877 | 16,998 | 113,389 |
overdraft | |||||||||||||||
change in cash | -6,521 | -25,497 | 43,109 | 33,214 | 40,725 | -105,341 | 85,275 | -62,626 | -18,890 | 26,622 | 94,758 | 11,043 | -40,877 | 16,998 | 113,389 |
scottish rowing Credit Report and Business Information
Scottish Rowing Competitor Analysis
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Perform a competitor analysis for scottish rowing by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in ML1 area or any other competitors across 12 key performance metrics.
scottish rowing Ownership
SCOTTISH ROWING group structure
Scottish Rowing has 1 subsidiary company.
scottish rowing directors
Scottish Rowing currently has 9 directors. The longest serving directors include Dr Laura Graham (Oct 2023) and Mrs Sophie McCall (Oct 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dr Laura Graham | 46 years | Oct 2023 | - | Director | |
Mrs Sophie McCall | 37 years | Oct 2023 | - | Director | |
Mr Alastair Clarkson | 59 years | Apr 2024 | - | Director | |
Mr Jonathan Logan | 41 years | May 2024 | - | Director | |
Mr Robert Gordon | 52 years | May 2024 | - | Director | |
Mrs Fiona Armit | 40 years | Aug 2024 | - | Director | |
Mr Lee Boucher | 44 years | Oct 2024 | - | Director | |
Ms Fiona Rennie | Scotland | 59 years | Oct 2024 | - | Director |
Mr Michael Martin | 61 years | Oct 2024 | - | Director |
P&L
March 2024turnover
809.8k
+30%
operating profit
-22.7k
0%
gross margin
44.7%
+5.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
191.8k
-0.06%
total assets
1.4m
+0.03%
cash
205.4k
-0.03%
net assets
Total assets minus all liabilities
scottish rowing company details
company number
SC357505
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
March 2009
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
JRD LLP
auditor
-
address
scottish rowing centre, 366 hamilton road, motherwell, lanarkshire, ML1 3ED
Bank
-
Legal Advisor
-
scottish rowing 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 did not find charges/mortgages relating to scottish rowing.
scottish rowing 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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scottish rowing Companies House Filings - See Documents
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