PENDENNIS SHIPYARD (HOLDINGS) LIMITED
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Cash
£6.4m
-30.1% lowest in 3 filed years
Net assets
£43m
+8.8% highest in 3 filed years
Employees
671
+17.3% highest in 3 filed years
Profit before tax
£4.8m
-30.2% lowest in 3 filed years
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 | £86,202,458 | £90,777,913 | £97,490,217 | +7.4% | |
| Operating profit | £10,313,012 | £6,852,371 | £5,053,631 | -26.2% | |
| Profit before tax | £10,328,325 | £6,808,464 | £4,751,395 | -30.2% | |
| Net profit | £7,147,617 | £5,288,248 | £4,546,630 | -14% | |
| Cash | £14,354,928 | £9,115,048 | £6,368,026 | -30.1% | |
| Total assets less current liabilities | £50,696,238 | £54,658,239 | £61,672,010 | +12.8% | |
| Net assets | £37,276,125 | £39,893,851 | £43,422,435 | +8.8% | |
| Equity | £37,276,125 | £39,893,851 | £43,422,435 | +8.8% | |
| Average employees | 518 | 572 | 671 | +17.3% | |
| Wages | £19,856,014 | £22,700,821 | £27,574,337 | +21.5% | |
| Directors' remuneration | £825,470 | £835,668 | £878,409 | +5.1% | |
| Directors' pension contributions | £23,000 | £24,000 | £12,000 | -50% | |
| Highest paid director | £346,239 | £355,287 | £372,244 | +4.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 12.0% | 7.5% | 5.2% | |
| Net margin | 8.3% | 5.8% | 4.7% | |
| Return on capital employed | 20.3% | 12.5% | 8.2% | |
| Gearing (liabilities / total assets) | 50.1% | 50.0% | 49.7% | |
| Current ratio | 0.95x | 0.87x | 1.02x | |
| Interest cover | 32.86x | 27.58x | 13.20x |
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 3 times since incorporation
- PENDENNIS SHIPYARD (HOLDINGS) LIMITED 1995-12-31 → present
- PENDENNIS SHIPYARD LIMITED 1991-01-25 → 1995-12-31
- WESTERN YACHTS LIMITED 1988-12-08 → 1991-01-25
- GASHFORD TRADING LIMITED 1988-07-28 → 1988-12-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are of the reasonable opinion that the Company and the Group will have sufficient funds to meet their liabilities as they fall due for at least 12 months from the date of approval of the financial statements and have therefore prepared the financial statements on a going concern basis.”
Group structure
- PENDENNIS SHIPYARD (HOLDINGS) LIMITED · parent
- Pendennis Plus Limited 100%
- Pendennis Palma Mallorca SL 100%
- Pendennis Brokerage Limited 100%
- Pendennis Superyachts Limited 100%
- FMP Limited 100%
- Norfolk Interior Specialists Limited 100%
- Cockwells Modern and Classic Boat Building Limited 90%
- Marina Far Vilanova SA 75%
- Vilanova Shipyard S.L. 75%
Significant events
- “In July 2026 the Group acquired control of the entire share capital of Falmouth Petroleum Limited a non-trading oil distributor on the Falmouth Docks site.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRANVILLE, Ian Langley | Secretary | 2006-04-03 | — | British |
| ALLIES, Toby James | Director | 2009-04-06 | Jan 1974 | British |
| CARR, Jillian Gwendoline | Director | 2021-01-01 | Apr 1960 | British |
| CARR, Micheal John | Director | 1992-10-16 | Jun 1959 | British |
| GRANVILLE, Ian Langley | Director | 2006-04-03 | Aug 1961 | British |
| HARVEY, Peter Shaw | Director | 2023-09-08 | Feb 1955 | British |
| HILLS, Stephen Frederick | Director | 2021-01-01 | Jan 1967 | British |
| HORTON, Nicholas John | Director | 2023-09-08 | Aug 1960 | British |
| ROBERTSON, Charles Bruce | Director | 2003-08-28 | Mar 1953 | British |
| ROSS, Charles James | Director | 2021-01-01 | Apr 1978 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Julie Margaret | Secretary | — | 1992-10-16 |
| CARR, Micheal John | Secretary | 1992-10-16 | 1995-10-20 |
| HILL, Anthony Arthur | Secretary | 1995-10-20 | 2006-04-03 |
| ARNOLD, Jeremy Patrick | Director | 2012-05-29 | 2017-05-15 |
| BENTLEY, David | Director | 1993-05-21 | 2008-02-29 |
| BUCKLE, Brian Kennedy Dodsworth | Director | 1999-10-04 | 2001-06-17 |
| CARTER, John Henry Twynam | Director | 1999-08-02 | 2004-04-01 |
| CRAGGS, John Dennis Foxton | Director | — | 1991-09-20 |
| DE SAVARY, Peter John | Director | — | 1992-10-16 |
| EVERETT, Anthony David | Director | 2003-08-28 | 2009-11-09 |
| HILL, Anthony Arthur | Director | 1995-10-20 | 2023-07-18 |
| HORTON, Nicholas John | Director | 1996-06-03 | 1999-05-26 |
| JORDAN, Michael John | Director | 1993-08-23 | 1996-04-29 |
| KNIGHT, Ian | Director | 2011-04-26 | 2012-05-29 |
| LUTYENS, Mary Ann | Director | — | 1991-09-09 |
| MORDAUNT, Terence Charles | Director | 2006-11-28 | 2022-01-13 |
| RAYMOND, Christian Andre | Director | 2010-02-18 | 2011-04-26 |
| SAINSBURY, Timothy Alan Davan, The Right Honourable Sir | Director | 1999-08-02 | 2007-05-31 |
| VERNON, Terence John | Director | 1993-08-23 | 2004-08-22 |
| WIEKENS, Hendrik | Director | 1992-10-16 | 2022-10-19 |
| WINSER, Margaret Ellen | Director | 2004-03-02 | 2009-11-24 |
| WOOD, Peter John | Director | 1993-05-21 | 2000-02-14 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 268 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type group | |
| 2026-09-25 | SH01 | capital | Capital allotment shares | |
| 2026-08-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-21 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-08-17 | SH01 | capital | Capital allotment shares | |
| 2026-08-17 | SH01 | capital | Capital allotment shares | |
| 2026-08-17 | SH01 | capital | Capital allotment shares | |
| 2026-08-13 | SH06 | capital | Capital cancellation shares | |
| 2026-08-06 | RP01SH01 | miscellaneous | Legacy | |
| 2026-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-19 | RP01SH01 | miscellaneous | Legacy | |
| 2026-02-12 | SH01 | capital | Capital allotment shares | |
| 2026-01-08 | AA | accounts | Accounts with accounts type group | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type group | |
| 2024-11-07 | SH01 | capital | Capital allotment shares | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | SH06 | capital | Capital cancellation shares | |
| 2024-02-07 | SH06 | capital | Capital cancellation shares | |
| 2024-02-07 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 7
- 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.