Classic Sailing Limited

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classic sailing limited Company Information

Live

MatureMicroDeclining

Company Number

03256249

Website

www.classic-sailing.co.uk

Registered Address

mermaids, st mawes, truro, cornwall, TR2 5AA

Industry

Sea and coastal passenger water transport

Telephone

01326531234

Next Accounts Due

August 2024

Group Structure

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Directors

Adam Purser27 Years

Deborah Purser27 Years

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Shareholders

classic sailing ltd 39.6%

adam purser 21.8%

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classic sailing limited Estimated Valuation

£114.6k

Pomanda estimates the enterprise value of CLASSIC SAILING LIMITED at £114.6k based on a Turnover of £253k and 0.45x industry multiple (adjusted for size and gross margin).

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Classic Sailing Limited AI Business Plan

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Classic Sailing Limited is a live company located in truro, TR2 5AA with a Companies House number of 03256249. It operates in the sea and coastal passenger water transport sector, SIC Code 50100. Founded in September 1996, it's largest shareholder is classic sailing ltd with a 39.6% stake. Classic Sailing Limited is a mature, micro sized company, Pomanda has estimated its turnover at £253k with declining growth in recent years.

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Pomanda's financial health check has awarded Classic Sailing Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £253k, make it smaller than the average company (£8m)

Growth

3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (-2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLASSIC SAILING LIMITED group structure

Classic Sailing Limited has no subsidiary companies.

Ultimate parent company

CLASSIC SAILING LIMITED

03256249

CLASSIC SAILING LIMITED Shareholders

classic sailing ltd	39.59%
adam purser	21.83%
debie purser	20.3%
madelaine curtis	3.55%
alan hutchinson	3.05%
ben purser	3.05%
christopher ian westor pegg	2.54%
patrick hellings	2.03%
claire giles	1.52%
derek holman	1.52%

Classic Sailing Limited currently has 4 directors. The longest serving directors include Mr Adam Purser (Oct 1996) and Mrs Deborah Purser (Oct 1996).

officer	country	age	start	end	role
Mr Adam Purser		75 years	Oct 1996	-	Director
Mrs Deborah Purser	United Kingdom	58 years	Oct 1996	-	Director
Mr Benjamin Purser		81 years	Nov 1996	-	Director
Mr Alan Hutchinson	Scotland	65 years	Oct 2008	-	Director

EXPORT

Classic Sailing Limited's latest turnover from November 2022 is estimated at £253 thousand and the company has net assets of -£19.5 thousand. According to their latest financial statements, Classic Sailing Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	252,995	202,037	264,400	1,511,168	1,121,410	1,962,496	1,971,188	1,204,735	648,252	645,836	872,869	572,236	406,687	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	238,102	213,107	250,967	1,382,163	1,034,340	1,687,693	1,753,856	1,101,154	607,852	607,748	808,424	527,333	378,127	0
Gross Profit	14,893	-11,070	13,434	129,005	87,070	274,803	217,332	103,581	40,399	38,088	64,446	44,903	28,560	0
Admin Expenses	4,574	-13,396	122,936	89,858	-74,205	293,344	139,630	117,006	25,304	28,191	78,248	49,745	24,106	118,560
Operating Profit	10,319	2,326	-109,502	39,147	161,275	-18,541	77,702	-13,425	15,095	9,897	-13,802	-4,842	4,454	-118,560
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	331	732	346	218	38	55	91	44	7	0
Pre-Tax Profit	10,319	2,326	-109,502	39,147	161,606	-17,809	78,049	-13,207	15,133	9,952	-13,711	-4,798	4,461	-118,560
Tax	-1,961	-442	0	-7,438	-30,705	0	-15,610	0	-3,178	-2,289	0	0	-1,249	0
Profit After Tax	8,358	1,884	-109,502	31,709	130,901	-17,809	62,439	-13,207	11,955	7,663	-13,711	-4,798	3,212	-118,560
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,358	1,884	-109,502	31,709	130,901	-17,809	62,439	-13,207	11,955	7,663	-13,711	-4,798	3,212	-118,560
Employee Costs	91,315	126,194	120,024	206,056	197,838	273,596	306,121	148,441	72,684	102,527	120,287	87,731	56,881	0
Number Of Employees	2	3	3	5	5	7	8	4	2	3	4	3	2	0
EBITDA*	10,319	2,326	-109,502	39,147	161,275	-13,471	81,615	-4,628	22,585	18,700	-4,629	3,230	10,494	-112,021

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	4,126	10,644	18,176	20,911	15,441	6,809	7,129	113,376	115,449	119,765	127,219	129,964	131,520	135,698
Intangible Assets	0	0	0	0	0	5,878	2,625	0	600	1,200	1,800	0	0	0
Investments & Other	0	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	0	0	0	0	0
Total Fixed Assets	4,126	10,644	18,176	20,911	15,441	12,687	9,754	113,376	116,049	120,965	129,019	129,964	131,520	135,698
Stock & work in progress	0	0	0	0	0	149	344	344	749	1,443	2,381	1,518	1,402	1,455
Trade Debtors	21,245	9,306	1,071	310,384	326,620	268,687	170,840	87,607	74,178	72,138	91,698	41,446	26,868	11,956
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	385	20	39	214	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	88,319	204,459	72,697	14,457	555	21,332	14,879	2,817	0
misc current assets	0	0	0	0	82,619	0	0	0	0	0	0	0	750	1,000
total current assets	21,630	9,326	1,110	310,598	409,239	357,155	375,643	160,648	89,384	74,136	115,411	57,843	31,837	14,411
total assets	25,756	19,970	19,286	331,509	424,680	369,842	385,397	274,024	205,433	195,101	244,430	187,807	163,357	150,109
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	36,265	36,419	45,576	201,747	21,719	359,056	356,802	252,674	166,420	163,587	216,123	141,333	110,229	95,737
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	36,265	36,419	45,576	201,747	21,719	359,056	356,802	252,674	166,420	163,587	216,123	141,333	110,229	95,737
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	8,957	11,375	3,418	49,968	354,876	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	8,957	11,375	3,418	49,968	354,876	0	0	0	0	0	0	0	0	0
total liabilities	45,222	47,794	48,994	251,715	376,595	359,056	356,802	252,674	166,420	163,587	216,123	141,333	110,229	95,737
net assets	-19,466	-27,824	-29,708	79,794	48,085	10,786	28,595	21,350	39,013	31,514	28,307	46,474	53,128	54,372
total shareholders funds	-19,466	-27,824	-29,708	79,794	48,085	10,786	28,595	21,350	39,013	31,514	28,307	46,474	53,128	54,372

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	10,319	2,326	-109,502	39,147	161,275	-18,541	77,702	-13,425	15,095	9,897	-13,802	-4,842	4,454	-118,560
Depreciation	0	0	0	0	0	3,111	3,038	8,197	6,890	8,203	8,573	8,072	6,040	5,891
Amortisation	0	0	0	0	0	1,959	875	600	600	600	600	0	0	648
Tax	-1,961	-442	0	-7,438	-30,705	0	-15,610	0	-3,178	-2,289	0	0	-1,249	0
Stock	0	0	0	0	-149	-195	0	-405	-694	-938	863	116	-53	1,455
Debtors	12,304	8,216	-309,488	-16,022	57,933	97,847	83,233	13,429	2,040	-19,560	50,252	14,578	14,912	11,956
Creditors	-154	-9,157	-156,171	180,028	-337,337	2,254	104,128	86,254	2,833	-52,536	74,790	31,104	14,492	95,737
Accruals and Deferred Income	-2,418	7,957	-46,550	-304,908	354,876	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-6,518	-7,532	-2,735	-77,149	90,325	-108,869	86,900	68,602	20,894	-15,627	19,046	19,640	8,878	-29,695
Investing Activities
capital expenditure	6,518	7,532	2,735	-5,470	-2,754	-8,003	99,709	-6,124	-2,574	-749	-8,228	-6,516	-1,862	-142,237
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,518	7,532	2,735	-5,470	-2,754	-8,003	99,709	-6,124	-2,574	-749	-8,228	-6,516	-1,862	-142,237
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-93,602	0	-55,194	-4,456	-4,456	-4,456	-4,456	-1,856	-4,456	172,932
interest	0	0	0	0	331	732	346	218	38	55	91	44	7	0
cash flow from financing	0	0	0	0	-93,271	732	-54,848	-4,238	-4,418	-4,401	-4,365	-1,812	-4,449	172,932
cash and cash equivalents
cash	0	0	0	0	-88,319	-116,140	131,762	58,240	13,902	-20,777	6,453	12,062	2,817	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-88,319	-116,140	131,762	58,240	13,902	-20,777	6,453	12,062	2,817	0

P&L

November 2022

turnover

253k

+25%

operating profit

10.3k

gross margin

5.9%

-207.44%

turnover

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

Balance Sheet

November 2022

net assets

-19.5k

-0.3%

total assets

25.8k

+0.29%

cash

net assets

Total assets minus all liabilities

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company number

03256249

Type

Private limited with Share Capital

industry

50100 - Sea and coastal passenger water transport

incorporation date

September 1996

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

mermaids, st mawes, truro, cornwall, TR2 5AA

last accounts submitted

November 2022

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 3 charges/mortgages relating to classic sailing limited. Currently there are 3 open charges and 0 have been satisfied in the past.

classic sailing limited Company Information

classic sailing limited Estimated Valuation

classic sailing limited Estimated Valuation

classic sailing limited Estimated Valuation

Classic Sailing Limited AI Business Plan

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CLASSIC SAILING LIMITED financials

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