PIL (UK) LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +33.3%

  £4,485 → £5,980

• Cash

  -50.6%

  £357,330 → £176,422

• Net assets

  -0.1%

  £74,319,354 → £74,227,405

• Employees

  0%

  1 → 1

• Operating profit

  -7%

  -£85,968 → -£91,949

• Profit before tax

  -7%

  -£85,968 → -£91,949

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The PIL UK Group is reliant for its working capital on funds provided by Pacific International Lines (Private) Limited, the Group's parent undertaking. Pacific International Lines (Private) Limited has provided the Group with funding of $1m in 2022 to enable the Group to continue in operational existence. The directors have assessed the Company's financial position, including its current asset base, outstanding liabilities and future obligations and believe the group will continue to be able to meet its financial obligations at least until twelve months after the signing date due to the amount of cash available.”

Group structure

1. PIL (UK) LIMITED · parent
   1. PIL Agencies (UK) Limited 100% · United Kingdom · Shipping agency

Significant events

• “During 2021, the company ceased its pooling arrangement with its parent undertaking and began acting as an agent for the same company.”
• “The Director had considered the impact on future operating performance of the Group and the uncertainties that the Group was facing, had decided to terminate the ECSA trading on 14 May 2021.”
• “In 2022, the Group became dormant with minimal business operations. However, there is no intention to liquidate the Group at least for the period until 30 September 2026.”
• “It is the intention of management to transfer the shipping agency business, currently under PIL Agencies (UK) Ltd, the wholly owned subsidiary of the Group, into PIL (UK) Ltd, so becoming single entity operating in the UK for the future.”

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

Filings

4

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.