Isles of Scilly Steamship Company Ltd
Company Name:Isles of Scilly Steamship Company Ltd Minimum fundraise:£0.00* High Share Price Bid:£5.05
Business Sector:Logistics and transport Total Funds Bid to Date:£500.00 Low Share Price Bid:£4.00
Auction period:28 Jun 2021 - 30 Sep 2021 Indicative Share Price:440.00 Average Share Price Bid:£4.48**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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Isles of Scilly Steamship Company Ltd

Isles of Scilly Steamship Company Ltd

Market Cap: £6,209,746 Auction period: 28 Jun 2021 - 30 Sep 2021 Indicative price: 440.00

Live Started 82 days ago

Current Indicative Price 440.00p

Auction closes in 11 days


BUY ORDERS SELL ORDERS

BuyersShares Wanted Total Wanted Share Price (p)
1 1,000 1,500 400.00
1 500 500 440.00
       
Share Price (p) Total Offered Shares OfferedSellers
400.00 500 500 1
440.00 500 -- --
       

BUY ORDERS

SELL ORDERS

Buyers Shares Total Shares Share Price (p) Total Shares Shares Sellers
1 1,000 1,500 400.00 500 500 1
1 500 500 440.00 500 -- --
             

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Company info

Isles of Scilly Steamship Company Ltd operates the provision of regular sea and air services for passengers and cargo between the mainland and the Isles of Scilly. The Company was formed in 1920 by the inhabitants of the Islands and since then has continued to provide this vital connection between the islands and Penzance, Cornwall.

www.islesofscilly-travel.co.uk


Auction details

Isles of Scilly Steamship Company Limited was admitted to trading on Asset Match on 6 October 2020 at a price of 500 pence per share.

Auctions are initially to be held monthly and close at 4pm on the last Thursday every month of October, November and December before moving to a quarterly calendar thereafter, unless stated otherwise.

The tick size for this company is 1 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.


Price history (last 10 auctions)

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Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

           -  shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

           -  Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

           -  Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

​​When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

A comprehensive list of brokers who are set up to deal on the Asset Match platform can be found here.

For more information on how the auction works then please click here.

 

 

Key People

Stuart

Stuart Reid Managing Director

Stuart joined Isles of Scilly Steamship Group as Chief Financial Officer in July 2013 and appointed as a Board director in June 2015. Originally from Mullion, Stuart graduated from Cardiff University with a BSc (Hons) degree in Pharmacology & Toxicology and then qualified as a Chartered Accountant in 2007. Stuart has previously worked as Financial Controller at Smart Solutions Recruitment, one of Wales fastest growing companies.

   
Ian

Ian Howard Chairman

Ian joined the Board on 1st February 2019 becoming Chairman two months later.

Having qualified as a solicitor in 1980, Ian spent most of his working life with Siemens the global electronics concern undertaking a range of diverse roles.  Working out of Munich, his last job was as Senior Vice- President, Mergers and Acquisitions. In parallel Ian has served on the board of the British Triathlon Federation, latterly as President, and on the boards of the International Triathlon Union and the British Olympic Association. Ian chairs the Nominations Committee.

   
Judith

Judith Piper Chief Financial Officer & Company Secretary

Judith Piper joined the Isles of Scilly Steamship Group as Chief Financial Officer in October 2018 and was appointed as a Board director in May 2019. Before joining the Group, Judith worked for W. Stevenson & Sons Ltd as Finance Director, Company Secretary and Acting Managing Director. Her earlier career included Finance Manager at Unipart Group Ltd and Financial and Management Accountant at Westcountry Ambulance Services NHS Trust. Originally from Cornwall, Judith graduated from Plymouth University with a BSc (Hons) degree in Psychology. She qualified as an ACCA accountant in 2001 and was awarded Fellowship (FCCA) status in 2006.  Judith now lives in St. Levan with her husband and three children enjoying many sporting activities, the local beaches and running the coastline.

   
Stephen

Stephen Hicks Board Director

Born on St Mary’s, Steve Hicks was educated on the island and at Truro School before becoming a cadet in the Merchant Navy with P&O. He spent over twenty years at sea predominantly in sea going tugs and in the offshore oil industry in the North Sea. In 1995 Steve spent his first full year in the family passenger launch business. In February 2018, after twenty years, he sold the vessel built on St Mary’s to his design in 1997. He is one of the three pilots licensed for the waters of Scilly and a former lifeboat crew member, He is now the Lifeboat Operations Manager for the St Mary’s Station. Steve now intends to pursue more fully his lifelong hobby of painting and drawing. He is married with three children and has three grandchildren to date.

   
Gary

Gary Randall Board Director

Gary joined the Board in April 2018 and is from St. Mellion, in east Cornwall. He has been practising as a Chartered Accountant for the last 25 years, developing an extensive client base across Devon and Cornwall. In 2013, he merged his business with Prydis to broaden the services provided to clients of both companies, and become Managing Director of Prydis Accounts Ltd. Gary, embraces the challenges of General Practice and particularly enjoys the interaction between the other facets of the business with Financial Planning, Corporate Law and Governance all forming part of the key day to day deliverables at Prydis.

   
Sam

Sam Hicks Board Director

Sam Hicks is from a longstanding St Agnes family. He was educated in Scilly, and then graduated from the University of Bath in 2001 with a BSc Hons in Business Administration. He worked in various commercial management roles on the mainland before returning home to help grow the family business. Together with his wife and parents he manages Troytown Farm dairy, self-catering cottages and campsite. Fully engaged in the local community, Sam is Watch Manager of the island fire service, a coastguard officer, captain of the cricket team and a member of the Shah gig crew. He has three children at the Five Islands school.

   
Kevin

Kevin George Board Director

Kevin's early career was with Britsh Airways as an avionics engineer. In 2007 he joined Monarch Airlines and took up the position of CEO in 2011. After 30 years in aviation he moved to the marine industry and joined the Red Funnel Group as CEO in 2014. In addition, Kevin is Chair of Discover Ferries and is a Council member of Maritime UK. 

   
Sonya

Sonya Bassett Board Director

With over 20 years’ experience in law and business, Sonya spent 10 years in corporate and commercial roles in a number of leading international law firms, as well as five years in-house in the private sector as Legal Director for a leading renewable energy company running projects for both Tesco and Marks and Spencer and working closely with the government Department of Energy and Climate Change in respect of the Green Deal project. Sonya is currently a partner at Coodes solicitors and heads up the Corporate team which is particularly experienced in working with regional SMEs and has notable expertise in the renewables, construction, tourism and rural businesses sectors. In her spare time Sonya enjoys adventures with her son in their campervan and being in or on the water.