flex marine power ltd
flex marine power ltd Company Information
Company Number
SC418036
Next Accounts
Sep 2025
Shareholders
david paul mummery
jonathan graeme marks
View AllGroup Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
Registered Address
91 clober road, milngavie, glasgow, G62 7LS
Website
www.flexmarinepower.comflex marine power ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEX MARINE POWER LTD at £367k based on a Turnover of £402.5k and 0.91x industry multiple (adjusted for size and gross margin).
flex marine power ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEX MARINE POWER LTD at £104.4k based on an EBITDA of £24.2k and a 4.32x industry multiple (adjusted for size and gross margin).
flex marine power ltd Estimated Valuation
Pomanda estimates the enterprise value of FLEX MARINE POWER LTD at £3.6m based on Net Assets of £1.9m and 1.93x industry multiple (adjusted for liquidity).
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Flex Marine Power Ltd Overview
Flex Marine Power Ltd is a live company located in glasgow, G62 7LS with a Companies House number of SC418036. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in February 2012, it's largest shareholder is david paul mummery with a 71.6% stake. Flex Marine Power Ltd is a established, micro sized company, Pomanda has estimated its turnover at £402.5k with high growth in recent years.
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Flex Marine Power Ltd Health Check
Pomanda's financial health check has awarded Flex Marine Power Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £402.5k, make it smaller than the average company (£4.4m)
- Flex Marine Power Ltd
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (6.7%)
- Flex Marine Power Ltd
6.7% - Industry AVG
Production
with a gross margin of 26.1%, this company has a higher cost of product (46.6%)
- Flex Marine Power Ltd
46.6% - Industry AVG
Profitability
an operating margin of 3% make it as profitable than the average company (3.6%)
- Flex Marine Power Ltd
3.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (46)
4 - Flex Marine Power Ltd
46 - Industry AVG
Pay Structure
on an average salary of £64.5k, the company has an equivalent pay structure (£64.5k)
- Flex Marine Power Ltd
£64.5k - Industry AVG
Efficiency
resulting in sales per employee of £100.6k, this is less efficient (£123.2k)
- Flex Marine Power Ltd
£123.2k - Industry AVG
Debtor Days
it gets paid by customers after 169 days, this is later than average (55 days)
- Flex Marine Power Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 103 days, this is slower than average (44 days)
- Flex Marine Power Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Flex Marine Power Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (31 weeks)
51 weeks - Flex Marine Power Ltd
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5%, this is a lower level of debt than the average (44.4%)
5% - Flex Marine Power Ltd
44.4% - Industry AVG
FLEX MARINE POWER LTD financials
Flex Marine Power Ltd's latest turnover from December 2023 is estimated at £402.5 thousand and the company has net assets of £1.9 million. According to their latest financial statements, Flex Marine Power Ltd has 4 employees and maintains cash reserves of £84.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,500 | 31,170 | 5,000 | |||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 5,428 | |||||||||||
| Gross Profit | -428 | |||||||||||
| Admin Expenses | 6,055 | |||||||||||
| Operating Profit | -29,597 | -37,890 | -6,483 | |||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | -29,597 | -37,890 | -6,483 | |||||||||
| Tax | ||||||||||||
| Profit After Tax | -29,597 | -37,890 | -6,483 | |||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | -29,597 | -37,890 | -6,483 | |||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 4 | 6 | 5 | 2 | 1 | 1 | ||||||
| EBITDA* | -29,190 | -37,381 | -6,483 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,535 | 21,244 | 26,880 | 4,832 | 1,663 | 1,474 | 1,629 | 2,036 | ||||
| Intangible Assets | 1,682,644 | 1,297,494 | 745,007 | 394,202 | 223,757 | 93,628 | ||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 1,695,179 | 1,318,738 | 771,887 | 399,034 | 225,420 | 95,102 | 1,629 | 2,036 | ||||
| Stock & work in progress | ||||||||||||
| Trade Debtors | 186,514 | 102,350 | 168,160 | 59,642 | 43,930 | 7,489 | ||||||
| Group Debtors | ||||||||||||
| Misc Debtors | 2,624 | 2,159 | 65 | |||||||||
| Cash | 84,388 | 354,446 | 563,940 | 96,811 | 44,328 | 42,589 | 20,760 | 18,882 | 2,023 | 2,656 | 480 | |
| misc current assets | ||||||||||||
| total current assets | 270,902 | 456,796 | 732,100 | 156,453 | 88,258 | 50,078 | 23,384 | 21,041 | 2,088 | 2,656 | 480 | |
| total assets | 1,966,081 | 1,775,534 | 1,503,987 | 555,487 | 313,678 | 145,180 | 25,013 | 23,077 | 2,088 | 2,656 | 480 | |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 84,557 | 79,127 | 590,620 | 197,973 | 29,196 | 45,910 | 4,070 | |||||
| Group/Directors Accounts | 29,178 | 26,098 | 45,808 | |||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 29,500 | 43,775 | 9,985 | 8,310 | ||||||||
| total current liabilities | 84,557 | 79,127 | 590,620 | 197,973 | 58,374 | 72,008 | 75,308 | 43,775 | 9,985 | 4,070 | 8,310 | |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | ||||||
| provisions | ||||||||||||
| total long term liabilities | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | 14,500 | ||||||
| total liabilities | 99,057 | 93,627 | 605,120 | 212,473 | 72,874 | 86,508 | 75,308 | 43,775 | 9,985 | 4,070 | 8,310 | |
| net assets | 1,867,024 | 1,681,907 | 898,867 | 343,014 | 240,804 | 58,672 | -50,295 | -20,698 | -7,897 | -1,414 | -7,830 | |
| total shareholders funds | 1,867,024 | 1,681,907 | 898,867 | 343,014 | 240,804 | 58,672 | -50,295 | -20,698 | -7,897 | -1,414 | -7,830 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -29,597 | -37,890 | -6,483 | |||||||||
| Depreciation | 12,114 | 11,655 | 6,094 | 1,098 | 617 | 368 | 407 | 509 | ||||
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | ||||||||||||
| Debtors | 84,164 | -65,810 | 108,518 | 15,712 | 41,306 | 4,865 | 465 | 2,094 | 65 | |||
| Creditors | 5,430 | -511,493 | 392,647 | 168,777 | 29,196 | 45,910 | -4,070 | 4,070 | ||||
| Accruals and Deferred Income | -29,500 | -29,500 | -14,275 | 33,790 | 9,985 | -8,310 | 8,310 | |||||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | -43,930 | -5,685 | -633 | |||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -29,178 | -16,630 | -19,710 | 45,808 | ||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | 14,500 | 14,500 | ||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | 45,808 | 25,089 | ||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -270,058 | -209,494 | 467,129 | 52,483 | 23,568 | 21,829 | 1,878 | 16,859 | -633 | 2,176 | 480 | |
| overdraft | ||||||||||||
| change in cash | -270,058 | -209,494 | 467,129 | 52,483 | 23,568 | 21,829 | 1,878 | 16,859 | -633 | 2,176 | 480 |
flex marine power ltd Credit Report and Business Information
Flex Marine Power Ltd Competitor Analysis
Perform a competitor analysis for flex marine power ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in G62 area or any other competitors across 12 key performance metrics.
flex marine power ltd Ownership
FLEX MARINE POWER LTD group structure
Flex Marine Power Ltd has no subsidiary companies.
Ultimate parent company
FLEX MARINE POWER LTD
SC418036
flex marine power ltd directors
Flex Marine Power Ltd currently has 3 directors. The longest serving directors include Mr David Mummery (Feb 2012) and Mr David Steinegger (Nov 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Mummery | Scotland | 43 years | Feb 2012 | - | Director |
| Mr David Steinegger | 63 years | Nov 2024 | - | Director | |
| Mr Jonathan Marks | Scotland | 75 years | Nov 2024 | - | Director |
P&L
December 2023turnover
402.5k
+15%
operating profit
12.1k
0%
gross margin
26.1%
+1.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.9m
+0.11%
total assets
2m
+0.11%
cash
84.4k
-0.76%
net assets
Total assets minus all liabilities
flex marine power ltd company details
company number
SC418036
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
BALLANTYNE & CO
auditor
-
address
91 clober road, milngavie, glasgow, G62 7LS
Bank
-
Legal Advisor
-
flex marine power 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 1 charges/mortgages relating to flex marine power ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
flex marine power 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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flex marine power ltd Companies House Filings - See Documents
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