Great Glen Shipping Company Limited

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great glen shipping company limited Company Information

Live

EstablishedSmallDeclining

Company Number

SC372528

Website

www.greatglenshipping.co.uk

Registered Address

the slipway corpach, fort william, inverness-shire, PH33 7NB

Industry

Inland freight water transport

Sea and coastal freight water transport

Telephone

01397722944

Next Accounts Due

December 2024

Group Structure

View All

Directors

Liam Browning14 Years

Malcolm Boyd14 Years

View All

Shareholders

consort marine ltd 100%

great glen shipping company limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of GREAT GLEN SHIPPING COMPANY LIMITED at £3.1m based on a Turnover of £2.9m and 1.06x industry multiple (adjusted for size and gross margin).

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Great Glen Shipping Company Limited is a live company located in inverness-shire, PH33 7NB with a Companies House number of SC372528. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in February 2010, it's largest shareholder is consort marine ltd with a 100% stake. Great Glen Shipping Company Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Great Glen Shipping Company Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2.9%)

EXPORT

Great Glen Shipping Company Limited's latest turnover from March 2023 is estimated at £2.9 million and the company has net assets of £667.5 thousand. According to their latest financial statements, Great Glen Shipping Company Limited has 7 employees and maintains cash reserves of £206 thousand 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
Turnover	2,904,459	1,801,886	2,651,084	3,645,086	4,045,076	2,804,812	1,252,488	1,413,125	3,606,516	2,056,526	1,291,177	805,615	369,644
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,174,457	832,891	1,582,403	2,306,487	2,536,110	1,704,029	775,921	742,426	1,957,816	1,215,003	829,805	1,015,641	351,970
Gross Profit	1,730,001	968,995	1,068,681	1,338,599	1,508,966	1,100,783	476,567	670,699	1,648,700	841,523	461,372	-210,026	17,674
Admin Expenses	2,763,841	310,714	831,309	998,769	1,317,503	832,687	398,310	591,730	1,512,580	699,141	128,830	78,433	5,441
Operating Profit	-1,033,840	658,281	237,372	339,830	191,463	268,096	78,257	78,969	136,120	142,382	332,542	-288,459	12,233
Interest Payable	18,792	15,469	15,250	7,625	0	0	0	0	0	0	0	0	0
Interest Receivable	25,436	5,187	286	216	1,189	224	248	483	201	153	7	0	0
Pre-Tax Profit	-1,027,195	647,999	222,407	332,421	192,652	268,320	78,505	79,451	136,322	142,535	332,549	-291,713	12,136
Tax	0	-123,120	-42,257	-63,160	-36,604	-50,981	-15,701	-15,890	-28,628	-32,783	-79,812	3,300	-3,300
Profit After Tax	-1,027,195	524,879	180,150	269,261	156,048	217,339	62,804	63,561	107,694	109,752	252,737	-288,413	8,836
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,027,195	524,879	180,150	269,261	156,048	217,339	62,804	63,561	107,694	109,752	252,737	-288,413	8,836
Employee Costs	330,876	295,829	276,405	274,138	270,693	150,424	149,700	153,170	931,580	70,071	45,733	34,426	32,114
Number Of Employees	7	7	7	7	7	4	4	4	23	3	2	1	1
EBITDA*	-964,314	735,801	300,048	373,142	205,627	279,435	86,532	86,603	141,367	143,437	335,707	-285,294	14,343

* 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
Tangible Assets	119,040	195,386	103,537	163,513	20,512	34,676	12,850	19,262	20,446	0	1,055	4,220	7,385
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	2,580	0	0	0
Total Fixed Assets	119,040	195,386	103,537	163,513	20,512	34,676	12,850	19,262	20,446	2,580	1,055	4,220	7,385
Stock & work in progress	69,315	27,278	55,369	33,916	3,670	3,670	3,670	3,670	3,670	8,670	18,000	0	0
Trade Debtors	877,182	696,668	557,569	498,634	485,490	279,720	174,628	176,430	465,794	182,609	527,736	142,935	42,610
Group Debtors	0	592,129	761,811	590,808	149,539	407,128	315,155	230,172	0	0	0	29,785	0
Misc Debtors	40,803	17,177	21,082	77,679	100,795	114,132	11,436	9,378	0	0	0	55,140	23,657
Cash	206,027	990,968	392,172	179,190	252,319	64,647	24,876	173,839	19,218	61,254	0	2,747	15,561
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,193,327	2,324,220	1,788,003	1,380,227	991,813	869,297	529,765	593,489	488,682	252,533	545,736	230,607	81,828
total assets	1,312,367	2,519,606	1,891,540	1,543,740	1,012,325	903,973	542,615	612,751	509,128	255,113	546,791	234,827	89,213
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	50,000	50,000	41,667	0	0	0	0	0	0	0	0	0	0
Trade Creditors	210,909	271,693	214,287	223,481	192,861	269,282	131,501	239,544	287,212	141,482	541,052	330,647	16,037
Group/Directors Accounts	0	0	19,081	1,270	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	250,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	1,861	1,861
other current liabilities	256,886	298,447	221,183	51,138	97,385	66,786	63,547	87,466	0	0	0	147,456	26,178
total current liabilities	517,795	620,140	496,218	525,889	290,246	336,068	195,048	327,010	287,212	141,482	541,052	479,964	44,076
loans	108,333	158,333	208,333	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	2,579	4,440	6,301
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	719	0	0	0
provisions	18,786	46,485	17,220	28,232	1,721	3,595	596	1,574	1,310	0	0	0	0
total long term liabilities	127,119	204,818	225,553	28,232	1,721	3,595	596	1,574	1,310	719	2,579	4,440	6,301
total liabilities	644,914	824,958	721,771	554,121	291,967	339,663	195,644	328,584	288,522	142,201	543,631	484,404	50,377
net assets	667,453	1,694,648	1,169,769	989,619	720,358	564,310	346,971	284,167	220,606	112,912	3,160	-249,577	38,836
total shareholders funds	667,453	1,694,648	1,169,769	989,619	720,358	564,310	346,971	284,167	220,606	112,912	3,160	-249,577	38,836

	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
Operating Activities
Operating Profit	-1,033,840	658,281	237,372	339,830	191,463	268,096	78,257	78,969	136,120	142,382	332,542	-288,459	12,233
Depreciation	69,526	77,520	62,676	33,312	14,164	11,339	8,275	7,634	5,247	1,055	3,165	3,165	2,110
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-123,120	-42,257	-63,160	-36,604	-50,981	-15,701	-15,890	-28,628	-32,783	-79,812	3,300	-3,300
Stock	42,037	-28,091	21,453	30,246	0	0	0	0	-5,000	-9,330	18,000	0	0
Debtors	-387,989	-34,488	173,341	431,297	-65,156	299,761	85,239	-49,814	280,605	-342,547	299,876	161,593	66,267
Creditors	-60,784	57,406	-9,194	30,620	-76,421	137,781	-108,043	-47,668	145,730	-399,570	210,405	314,610	16,037
Accruals and Deferred Income	-41,561	77,264	170,045	-46,247	30,599	3,239	-23,919	87,466	0	0	-147,456	121,278	26,178
Deferred Taxes & Provisions	-27,699	29,265	-11,012	26,511	-1,874	2,999	-978	264	1,310	0	0	0	0
Cash flow from operations	-748,406	839,195	212,836	-140,677	186,483	72,712	-147,348	160,589	-15,826	62,961	968	-7,699	-13,009
Investing Activities
capital expenditure	6,820	-169,369	-2,700	-176,313	0	-33,165	-1,863	-6,450	-25,693	0	0	0	-9,495
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,820	-169,369	-2,700	-176,313	0	-33,165	-1,863	-6,450	-25,693	0	0	0	-9,495
Financing Activities
Bank loans	0	8,333	41,667	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-19,081	17,811	1,270	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-250,000	250,000	0	0	0	0	0	0	0	0	0
Long term loans	-50,000	-50,000	208,333	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-2,579	-3,722	-1,861	8,162
other long term liabilities	0	0	0	0	0	0	0	0	-719	719	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	30,000
interest	6,644	-10,282	-14,964	-7,409	1,189	224	248	483	201	153	7	0	0
cash flow from financing	-43,356	-71,030	2,847	243,861	1,189	224	248	483	-518	-1,707	-3,715	-1,861	38,162
cash and cash equivalents
cash	-784,941	598,796	212,982	-73,129	187,672	39,771	-148,963	154,621	-42,036	61,254	-2,747	-12,814	15,561
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-784,941	598,796	212,982	-73,129	187,672	39,771	-148,963	154,621	-42,036	61,254	-2,747	-12,814	15,561

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GREAT GLEN SHIPPING COMPANY LIMITED group structure

Great Glen Shipping Company Limited has no subsidiary companies.

Ultimate parent company

CONSORT MARINE LIMITED

SC403779

1 parent

GREAT GLEN SHIPPING COMPANY LIMITED

SC372528

GREAT GLEN SHIPPING COMPANY LIMITED Shareholders

consort marine ltd

100%

Great Glen Shipping Company Limited currently has 5 directors. The longest serving directors include Mr Liam Browning (May 2010) and Mr Malcolm Boyd (May 2010).

officer	country	age	start	end	role
Mr Liam Browning	Scotland	39 years	May 2010	-	Director
Mr Malcolm Boyd		70 years	May 2010	-	Director
Ms Christine MacColl		64 years	May 2010	-	Director
Mr David Cannell	England	77 years	May 2010	-	Director
Mr David Govan		74 years	Dec 2018	-	Director

P&L

March 2023

turnover

2.9m

+61%

operating profit

-1m

gross margin

59.6%

+10.76%

turnover

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

Balance Sheet

March 2023

net assets

667.5k

-0.61%

total assets

1.3m

-0.48%

cash

206k

-0.79%

net assets

Total assets minus all liabilities

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company number

SC372528

Type

Private limited with Share Capital

industry

50400 - Inland freight water transport

50200 - Sea and coastal freight water transport

incorporation date

February 2010

age

accounts

Total Exemption Full

ultimate parent company

CONSORT MARINE LIMITED

previous names

N/A

incorporated

address

the slipway corpach, fort william, inverness-shire, PH33 7NB

last accounts submitted

March 2023

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great glen shipping company limited Company Information

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great glen shipping company limited Estimated Valuation

great glen shipping company limited Estimated Valuation

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GREAT GLEN SHIPPING COMPANY LIMITED financials

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