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Cash

£7.5m

-6.6% lowest in 3 filed years

Net assets

£20m

+13.9% highest in 3 filed years

Employees

262

+3.1% highest in 3 filed years

Profit before tax

£5.2m

+193.4% highest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £50,747,571£56,364,091£61,958,826 +9.9%
Operating profit £2,296,907£1,989,615£5,398,942 +171.4%
Profit before tax £1,624,805£1,761,668£5,168,447 +193.4%
Net profit £926,207£1,199,400£3,749,079 +212.6%
Cash £7,616,967£8,079,737£7,544,588 -6.6%
Total assets less current liabilities £25,599,545£23,804,284£27,070,467 +13.7%
Net assets £17,007,095£17,548,184£19,987,658 +13.9%
Equity £17,007,095£17,548,184£19,987,658 +13.9%
Average employees 228254262 +3.1%
Wages £10,771,350£12,577,422£13,500,766 +7.3%
Directors' remuneration £222,038£236,896£222,259 -6.2%
Directors' pension contributions £41,460£45,061£68,927 +53%
Highest paid director £210,038£224,896£210,259 -6.5%

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 2023-12-312024-12-312025-12-31
Operating margin 4.5%3.5%8.7%
Net margin 1.8%2.1%6.1%
Return on capital employed 9.0%8.4%19.9%
Gearing (liabilities / total assets) 51.2%49.1%46.5%
Current ratio 1.90x1.65x1.87x
Interest cover 3.88x3.44x10.76x

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

  1. CULLEN GROUP LIMITED 2002-02-15 → present
  2. CONSOLIDATED SALT LIMITED 1997-12-19 → 2002-02-15

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Consolidated group
Auditor
Saffery LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future.”

Group structure

  1. CULLEN GROUP LIMITED · parent
    1. Solent Stevedores Limited · England and Wales · Stevedoring services
    2. Solent Stevedores (Jersey) Limited · Jersey · Stevedoring services
    3. Solent Terminal Management Limited · England and Wales · Dormant
    4. Nam Seng Cargo Gear Suppliers Pte Ltd · Singapore · Stevedoring services
    5. Saint-Malo Stevedores SAS · France · Stevedoring services
    6. Solent Stevedores Container Terminal Ltd · England and Wales · Stevedoring services
    7. SDC Holdings Limited · Jersey · Dormant
    8. SCEA Chateau Bastoney · France · Vineyard

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 4 resigned

Name Role Appointed Born Nationality
ROBSON, Fiona Vivienne Secretary 2007-01-10 — British
CULLEN, Stuart David Director 1997-12-19 Mar 1960 British
ROBSON, Fiona Vivienne Director 2013-01-01 Feb 1963 British
Show 4 resigned officers
Name Role Appointed Resigned
CULLEN, Anna Margaret Secretary 1997-12-19 2007-01-10
WATERLOW SECRETARIES LIMITED Corporate Nominee Secretary 1997-12-19 1997-12-19
CULLEN, Anna Margaret Director 2002-07-09 2008-03-19
WATERLOW NOMINEES LIMITED Corporate Nominee Director 1997-12-19 1997-12-19

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Stuart David Cullen Individual Shares 75–100% 2016-04-06 Active
Mrs Fiona Vivienne Robson Individual Significant influence 2016-04-06 Active

Filing timeline

Last 20 of 112 total filings

Date Type Category Description
2026-09-23 AA accounts Accounts with accounts type group
2025-12-22 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-18 AA accounts Accounts with accounts type group
2025-01-19 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-05 AA accounts Accounts with accounts type group
2023-12-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-08-24 AA accounts Accounts with accounts type group
2023-08-18 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-18 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-18 MR04 mortgage Mortgage satisfy charge full PDF
2023-08-18 MR04 mortgage Mortgage satisfy charge full PDF
2023-01-19 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2022-09-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2022-07-28 AA accounts Accounts with accounts type group
2022-02-23 MR04 mortgage Mortgage satisfy charge full PDF
2022-02-01 SH03 capital Capital return purchase own shares
2022-02-01 SH03 capital Capital return purchase own shares
2022-01-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-10-19 AD01 address Change registered office address company with date old address new address PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page