TRADEWAY (SHIPPING) LIMITED
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Cash
£2.9M
-17.8% vs 2025
Net assets
£7M
-11.3% vs 2025
Employees
26
+4% vs 2025
Profit before tax
£2.4M
+54.5% vs 2025
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-28 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £18,491,963 | £30,895,149 | £33,220,881 | £24,745,974 | £30,208,399 | £31,459,530 | +4.1% | |
| Operating profit | £709,629 | £1,436,945 | £2,556,691 | £1,724,305 | £1,459,814 | £1,693,975 | +16% | |
| Profit before tax | £1,154,292 | £1,674,692 | £2,525,141 | £2,153,345 | £1,548,793 | £2,393,096 | +54.5% | |
| Net profit | £1,040,061 | £1,403,783 | £2,039,105 | £1,708,555 | £1,160,386 | £1,914,842 | +65% | |
| Cash | £1,503,040 | £2,197,202 | £3,356,754 | £3,535,497 | £3,564,408 | £2,931,511 | -17.8% | |
| Total assets less current liabilities | £3,152,220 | £4,555,814 | £6,296,745 | £7,206,270 | £7,837,459 | £6,952,301 | -11.3% | |
| Net assets | — | — | — | £7,206,270 | £7,837,459 | £6,952,301 | -11.3% | |
| Equity | — | — | — | £7,206,270 | £7,837,459 | £6,952,301 | -11.3% | |
| Average employees | 25 | 24 | 27 | 26 | 25 | 26 | +4% | |
| Wages | — | — | — | £1,247,671 | £1,246,777 | £1,340,077 | +7.5% | |
| Directors' remuneration | £136,323 | £239,605 | £262,841 | £159,401 | £162,967 | £195,275 | +19.8% |
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 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-28 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.8% | 4.7% | 7.7% | 7.0% | 4.8% | 5.4% | |
| Net margin | 5.6% | 4.5% | 6.1% | 6.9% | 3.8% | 6.1% | |
| Return on capital employed | 22.5% | 31.5% | 40.6% | 23.9% | 18.6% | 24.4% | |
| Gearing (liabilities / total assets) | — | — | — | 28.1% | 25.3% | 28.9% | |
| Current ratio | — | — | — | 2.56x | 2.89x | 2.46x | |
| Interest cover | 5.43x | 23.08x | 81.04x | — | — | — |
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
- TRADEWAY (SHIPPING) LIMITED 1994-01-04 → present
- EDWARD NICHOLSON (TRANSPORT) LIMITED 1980-01-25 → 1994-01-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Sedulo Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has prepared forecasts for the next twelve months, considering possible fluctuations in market conditions arising from the ongoing situation in the Middle East, which indicate that the company is expected to continue to make profits. Moreover, the directors note that the company had significant cash reserves as at the year end and based on their forecasts they expect the company to be able to meet all its cash flow requirements, with no recourse recuired for additional third-party funding. Accordingly, at the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the going concern basis.”
Group structure
- TRADEWAY (SHIPPING) LIMITED · parent
- SAI Logistics Limited 100%
Significant events
- “On 28 February 2026, the day after the last trading day of the company, The United States of America and Israel launched strikes on Iran. The conflict has led to the blocking of the Straits of Hormuz and significant disruption to the shipping lanes which has led the ships to be diverted and containers not being able to reach their final destinations.”
- “The company, along with the rest of the logistics industry, continues to be affected by the ongoing situations in the Middle East and Ukraine, which will likely continue to affect the wider global economy for a significant amount of time.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHEWELL, David William | Secretary | 2019-08-31 | — | — |
| GERBER, Glen Henry | Director | 2015-12-04 | Oct 1962 | South African |
| HEALD, Jonathan Edward | Director | 1994-01-04 | Oct 1971 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASWELL, Graham Anwyl Penson | Secretary | 1993-11-19 | 1995-09-29 |
| COWAN, Robin Grenfell | Secretary | 1995-10-01 | 1997-10-24 |
| SEWARD, Clement | Secretary | — | 1993-11-19 |
| SEXTON, Darren Arthur | Secretary | 1997-10-24 | 2019-05-30 |
| SORMUS, Tracy Ann | Secretary | 2019-05-30 | 2019-08-31 |
| COCKBAIN, Robert Peter | Director | 1992-11-07 | 1993-11-19 |
| COWAN, Robin Grenfell | Director | — | 1997-10-24 |
| EDLEY, David Charles | Director | 2015-12-04 | 2019-09-30 |
| GILBERT, James | Director | 1994-01-04 | 2001-04-05 |
| KILBRIDE, Marjorie Anne | Director | — | 1992-11-07 |
| LUNNEY, Ross Whitworth | Director | 1993-11-19 | 1996-11-30 |
| ROTHERHAM, Helen Marie | Director | 1996-12-01 | 1997-10-24 |
| SEXTON, Darren Arthur | Director | 1997-10-24 | 2019-05-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type full | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-31 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | AA | accounts | Accounts with accounts type full | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-29 | AA | accounts | Accounts with accounts type full | |
| 2021-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2020-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-09 | AA | accounts | Accounts with accounts type full | |
| 2020-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-11-19 | AA | accounts | Accounts with accounts type full | |
| 2019-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2019-09-06 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.