FORELAND SHIPPING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +3.1%

  £35,232,000 → £36,334,000

• Cash

  +248.5%

  £2,897,000 → £10,096,000

• Net assets

  -0.4%

  £94,305,000 → £93,898,000

• Employees

  0%

  6 → 6

• Operating profit

  -6.1%

  £6,879,000 → £6,457,000

• Profit before tax

  +1.9%

  £6,335,000 → £6,454,000

• Wages

  +5.3%

  £988,000 → £1,040,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. FORELAND SHIPPING LIMITED 2004-12-22 → present
2. A.W.S.R. SHIPPING LIMITED 1999-03-30 → 2004-12-22

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The Concession Agreement ended on 31 December 2024 and has been succeeded by a follow up contract to continue providing the same service for the four remaining vessels for a minimum period of seven years.”
• “The final payments of Tranche A and Tranche B, which had been due in June 2024 and July 2024 respectively, were prepaid in December 2023 and January 2024, and resulted in a net saving for the Company on interest payments.”

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

Filings

5

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.