CARGO MARKETING SERVICES LIMITED
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Cash
£1.9m
-35.5% vs 2024
Net assets
£3.7m
-66% lowest in 3 filed years
Employees
91
+4.6% highest in 3 filed years
Profit before tax
£2.2m
-38.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £31,634,244 | £43,411,368 | £40,211,496 | -7.4% | |
| Operating profit | £4,194,837 | £3,480,971 | £1,930,135 | -44.6% | |
| Profit before tax | £4,309,893 | £3,610,268 | £2,220,485 | -38.5% | |
| Net profit | £3,241,227 | £2,657,232 | £1,657,863 | -37.6% | |
| Cash | £1,681,055 | £2,923,713 | £1,885,254 | -35.5% | |
| Total assets less current liabilities | £8,283,840 | £10,961,230 | £3,737,363 | -65.9% | |
| Net assets | £8,283,840 | £10,941,072 | £3,719,198 | -66% | |
| Equity | £8,283,840 | £10,941,072 | £3,719,198 | -66% | |
| Average employees | 84 | 87 | 91 | +4.6% | |
| Wages | £2,985,733 | £4,055,802 | £4,104,190 | +1.2% | |
| Directors' remuneration | £437,039 | £510,400 | £524,000 | +2.7% | |
| Directors' pension contributions | £23,160 | £95,552 | £80,840 | -15.4% | |
| Highest paid director | £169,000 | £200,200 | £210,400 | +5.1% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 13.3% | 8.0% | 4.8% | |
| Net margin | 10.2% | 6.1% | 4.1% | |
| Return on capital employed | 50.6% | 31.8% | 51.6% | |
| Gearing (liabilities / total assets) | 31.7% | 35.8% | 56.9% | |
| Current ratio | 3.12x | 2.78x | 1.74x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- CARGO MARKETING SERVICES LIMITED 1982-09-24 → present
- KINBAT LIMITED 1979-02-23 → 1982-09-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment, the Directors have a reasonable expectation that the Group has sufficient resource to continue operating for the foreseeable future.”
Group structure
- CARGO MARKETING SERVICES LIMITED · parent
- Maritime Service Line UK Limited 75%
Significant events
- “The escalation of tensions involving Iran has the potential to disrupt established trade routes and create volatility in global shipping. During the year, the conflict has led to some disruption across key shipping routes however, the direct impact on the Group's financial performance has been limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Tracey Louise | Director | 2001-04-01 | Aug 1966 | British |
| OLARIETA, Juan Pablo | Director | 2021-10-07 | Jun 1978 | Argentine |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Tracey Louise | Secretary | 2000-10-02 | 2021-10-07 |
| COOPER, Sheena Elizabeth | Secretary | 1994-06-01 | 2000-10-02 |
| HORWELL, Saundra Shirley | Secretary | 1992-02-10 | 1994-05-31 |
| WEBBER, Nicholas | Secretary | — | 1992-02-10 |
| BARCIA EXPÓSITO, Gustavo Carlos | Director | 2021-10-07 | 2026-01-23 |
| FREARSON, Michael Robert | Director | 1994-02-01 | 2026-04-30 |
| HORWELL, David Graham | Director | 2002-07-01 | 2011-10-01 |
| HORWELL, David Graham | Director | — | 1997-12-31 |
| HORWELL, Saundra Shirley | Director | 1992-02-10 | 1994-02-01 |
| MERCANTE, Franco Matias | Director | 2021-10-07 | 2026-01-23 |
| O'HARA, Shaun | Director | 1996-04-01 | 2000-12-31 |
| PALMER, William George | Director | — | 1992-02-10 |
| PRESCOTT, Stephen | Director | 1996-04-01 | 2001-03-31 |
| TALEB, Hector Alberto | Director | 2021-10-07 | 2026-01-23 |
| VAZQUEZ, Rodrigo | Director | 2021-10-07 | 2026-01-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Hector Alberto Taleb | Individual | Significant influence | 2021-10-07 | Active |
| Mr David Graham Horwell | Individual | Shares 75–100% | 2021-05-01 | Ceased 2021-10-07 |
| Mr Michael Robert Frearson | Individual | Significant influence, Significant influence (as trust), Significant influence (as firm) | 2016-04-07 | Ceased 2021-05-01 |
Filing timeline
Last 20 of 207 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type group | |
| 2026-05-27 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-05-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-15 | AA | accounts | Accounts with accounts type group | |
| 2024-01-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type group | |
| 2023-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 5
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.