scottish rowing

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scottish rowing Company Information

Share SCOTTISH ROWING

Company Number

SC357505

Directors

Laura Graham

Sophie McCall

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Shareholders

-

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

£778.5k

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

£41.2k

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

£391.8k

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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

5 Regular

positive_score

3 Weak

size

Size

annual sales of £809.8k, make it larger than the average company (£595k)

£809.8k - Scottish Rowing

£595k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (12%)

37% - Scottish Rowing

12% - Industry AVG

production

Production

with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)

44.7% - Scottish Rowing

44.7% - Industry AVG

profitability

Profitability

an operating margin of -2.8% make it less profitable than the average company (1.3%)

-2.8% - Scottish Rowing

1.3% - Industry AVG

employees

Employees

with 12 employees, this is similar to the industry average (13)

12 - Scottish Rowing

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £28k, the company has an equivalent pay structure (£28k)

£28k - Scottish Rowing

£28k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £67.5k, this is equally as efficient (£64.3k)

£67.5k - Scottish Rowing

£64.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 19 days, this is later than average (15 days)

19 days - Scottish Rowing

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 68 days, this is slower than average (28 days)

68 days - Scottish Rowing

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Scottish Rowing

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover809,797623,672511,376314,973350,652331,363415,849395,512226,266783,6522,269,450374,754195,779161,343164,694
Other Income Or Grants
Cost Of Sales448,065358,882268,385184,980201,311184,144229,379210,552119,071413,1211,181,075199,687107,78788,10093,801
Gross Profit361,731264,791242,991129,992149,341147,219186,469184,960107,195370,5321,088,376175,06787,99273,24370,893
Admin Expenses384,444248,071203,99998,708169,244900,827154,887132,568138,135316,683955,34782,01567,29046,115-767,844
Operating Profit-22,71316,72038,99231,284-19,903-753,60831,58252,392-30,94053,849133,02993,05220,70227,128838,737
Interest Payable
Interest Receivable10,9549,5481,6191781411,2989154291,0621,043740475550609283
Pre-Tax Profit-11,75926,26840,61131,462-19,762-752,31032,49852,821-29,87854,892133,76993,52821,25127,738839,021
Tax-4,991-7,716-5,978-6,175-10,564-11,527-30,767-22,447-5,525-7,766-234,926
Profit After Tax-11,75921,27732,89525,484-19,762-752,31026,32342,257-29,87843,365103,00271,08115,72619,971604,095
Dividends Paid
Retained Profit-11,75921,27732,89525,484-19,762-752,31026,32342,257-29,87843,365103,00271,08115,72619,971604,095
Employee Costs335,590350,566298,136263,913260,847190,400155,089159,29697,052322,748849,739154,65197,56671,79951,779
Number Of Employees1213111111877412346432
EBITDA*9,58844,55759,94560,2851,993-718,98544,80267,109-16,12968,616134,90893,05220,70227,128838,737

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,098,7241,072,3731,012,6151,022,2141,041,8381,014,29539,32552,54567,26282,07396,840
Intangible Assets
Investments & Other22222222222
Debtors (Due After 1 year)12,5521,693,0741,663,1411,639,4911,632,9171,600,1991,562,5501,525,3831,495,7101,446,950
Total Fixed Assets1,098,7241,072,3731,012,6151,022,2141,041,8401,026,8491,732,4011,715,6881,706,7551,714,9921,697,0411,562,5521,525,3851,495,7121,446,952
Stock & work in progress
Trade Debtors43,03822,14818,3213,5135,43710,60818,24923,17314,44239,757131,96021,3408,1544,1587,971
Group Debtors13,326
Misc Debtors16,74420,5071,02310,0067,05812,47617,81011,52417,058
Cash205,381211,902237,399194,290161,076120,351225,692140,417203,043221,933195,311100,55389,510130,387113,389
misc current assets
total current assets265,163254,557256,743207,809186,897143,435261,751175,114234,543261,690327,271121,89397,664134,545121,360
total assets1,363,8871,326,9301,269,3581,230,0231,228,7371,170,2841,994,1521,890,8021,941,2981,976,6822,024,3121,684,4451,623,0491,630,2571,568,312
Bank overdraft
Bank loan
Trade Creditors 84,05966,51346,57435,30443,52638,89065,0535,3148,02585,922147,55516,88523,20743,40412,430
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities50,51642,00640,70721,50315,4947,57433,03814,33380,483
total current liabilities134,575108,51987,28156,80759,02046,46498,09119,64788,50885,922147,55516,88523,20743,40412,430
loans
hp & lease commitments
Accruals and Deferred Income1,037,5451,014,885999,8281,023,8621,045,847980,1881,000,1191,001,5361,025,4281,033,5201,062,882956,687960,050962,787951,787
other liabilities
provisions
total long term liabilities1,037,5451,014,885999,8281,023,8621,045,847980,1881,000,1191,001,5361,025,4281,033,5201,062,882956,687960,050962,787951,787
total liabilities1,172,1201,123,4041,087,1091,080,6691,104,8671,026,6521,098,2101,021,1831,113,9361,119,4421,210,437973,572983,2571,006,191964,217
net assets191,767203,526182,249149,354123,870143,632895,942869,619827,362857,240813,875710,873639,792624,066604,095
total shareholders funds191,767203,526182,249149,354123,870143,632895,942869,619827,362857,240813,875710,873639,792624,066604,095
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-22,71316,72038,99231,284-19,903-753,60831,58252,392-30,94053,849133,02993,05220,70227,128838,737
Depreciation32,30127,83720,95329,00121,89634,62313,22014,71714,81114,7671,879
Amortisation
Tax-4,991-7,716-5,978-6,175-10,564-11,527-30,767-22,447-5,525-7,766-234,926
Stock
Debtors17,12723,3115,825-12,302-9,815-1,693,49731,29526,847-1,683-59,485148,26950,35333,66944,9471,454,921
Creditors17,54619,93911,270-8,2224,636-26,16359,739-2,711-77,897-61,633130,670-6,322-20,19730,97412,430
Accruals and Deferred Income31,17016,356-4,830-15,97673,579-45,39517,288-90,04272,391-29,362106,195-3,363-2,73711,000951,787
Deferred Taxes & Provisions
Cash flow from operations41,17752,55052,84442,41190,023902,95484,359-63,055-19,95225,579192,73710,567-41,42616,389113,107
Investing Activities
capital expenditure-58,652-87,595-11,354-9,377-49,439-1,009,593-98,719
Change in Investments-22
cash flow from investments-58,652-87,595-11,354-9,375-49,439-1,009,593-98,719-2
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
interest10,9549,5481,6191781411,2989154291,0621,043740475550609283
cash flow from financing10,9549,5481,6191781411,2989154291,0621,043740475550609283
cash and cash equivalents
cash-6,521-25,49743,10933,21440,725-105,34185,275-62,626-18,89026,62294,75811,043-40,87716,998113,389
overdraft
change in cash-6,521-25,49743,10933,21440,725-105,34185,275-62,626-18,89026,62294,75811,043-40,87716,998113,389

scottish rowing Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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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.

Ultimate parent company

SCOTTISH ROWING

SC357505

1 subsidiary

SCOTTISH ROWING Shareholders

--

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).

officercountryagestartendrole
Dr Laura Graham46 years Oct 2023- Director
Mrs Sophie McCall37 years Oct 2023- Director
Mr Alastair Clarkson59 years Apr 2024- Director
Mr Jonathan Logan41 years May 2024- Director
Mr Robert Gordon52 years May 2024- Director
Mrs Fiona Armit40 years Aug 2024- Director
Mr Lee Boucher44 years Oct 2024- Director
Ms Fiona RennieScotland59 years Oct 2024- Director
Mr Michael Martin61 years Oct 2024- Director

P&L

March 2024

turnover

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 2024

net 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

None

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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