DIRECT FERRIES LIMITED
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Cash
£23m
+9.6% vs 2024
Net assets
£41m
-27.1% vs 2024
Employees
100
+9.9% highest in 3 filed years
Profit before tax
£18m
-14.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £52,976,777 | £59,151,103 | £60,491,840 | +2.3% | |
| Operating profit | £18,017,507 | £20,899,353 | £17,954,457 | -14.1% | |
| Profit before tax | £18,447,227 | £21,643,667 | £18,424,098 | -14.9% | |
| Net profit | £16,261,884 | £18,159,244 | £16,577,243 | -8.7% | |
| Cash | £24,789,169 | £20,988,344 | £23,005,302 | +9.6% | |
| Total assets less current liabilities | £39,053,862 | £57,117,022 | £41,740,625 | -26.9% | |
| Net assets | £38,097,449 | £56,256,693 | £41,014,789 | -27.1% | |
| Equity | £38,097,449 | £56,256,693 | £41,014,789 | -27.1% | |
| Average employees | 86 | 91 | 100 | +9.9% | |
| Wages | £5,103,360 | £5,331,161 | £5,541,398 | +3.9% | |
| Directors' remuneration | £1,104,687 | £970,634 | £806,911 | -16.9% | |
| Directors' pension contributions | £47,206 | £46,994 | £51,287 | +9.1% | |
| Highest paid director | £392,430 | £393,750 | £272,538 | -30.8% |
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 | 34.0% | 35.3% | 29.7% | |
| Net margin | 30.7% | 30.7% | 27.4% | |
| Return on capital employed | 46.1% | 36.6% | 43.0% | |
| Gearing (liabilities / total assets) | 46.0% | 30.7% | 36.0% | |
| Current ratio | 2.15x | 3.20x | 2.61x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Company and Group therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “During the financial year, the company paid £31,819,147 of dividend to Direct Ferries (Holding) Ltd as part of a Group restructure”
- “The comparative figures in these financial statements have been restated to correct an error, regarding the presentation of the Company's profit and loss and notes”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORDEROY, Christopher Duncan | Director | 2025-05-30 | Aug 1977 | British |
| O'GORMAN, Sinéad | Director | 2017-09-01 | Jan 1974 | British |
| WALSH, Niall Liam | Director | 2020-09-07 | Sep 1982 | Irish,British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Gabrielle Carole | Secretary | 2002-07-01 | 2011-03-31 |
| PRIESTLEY, Jennifer Ann | Secretary | 2000-09-12 | 2002-06-20 |
| RAMAGE, Suzanne | Secretary | 1999-10-26 | 2000-09-12 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1999-10-26 | 1999-10-26 |
| BLAIR, James Edward | Director | 2002-07-01 | 2003-05-30 |
| BRIGGS, Stephen Richard James | Director | 2003-08-04 | 2004-01-31 |
| BURNS, Robert Francis Gerard | Director | 2003-12-01 | 2004-06-24 |
| BURNS, Robert Francis Gerard | Director | 2002-01-12 | 2002-04-29 |
| CORNWELL, Sean Enrico | Director | 2017-09-01 | 2020-09-08 |
| DAVIES, Gabrielle Carole | Director | 2002-07-01 | 2008-12-31 |
| DAVIES, Howard John | Director | 2007-02-01 | 2011-04-02 |
| DAVIES, Howard John | Director | 2002-04-04 | 2004-08-10 |
| DAVIES, Howard John | Director | 1999-10-26 | 2002-01-31 |
| DAVIES, Matthew James | Director | 2003-10-30 | 2017-10-04 |
| MACKIN, Mary | Director | 2002-07-01 | 2004-03-03 |
| PRIESTLEY, Jennifer Ann | Director | 2003-12-01 | 2004-06-24 |
| PRIESTLEY, Jennifer Ann | Director | 2002-06-01 | 2003-07-22 |
| PRIESTLEY, Jennifer Ann | Director | 2002-01-12 | 2002-04-29 |
| RITCHIE, Anthony James | Director | 2011-03-01 | 2017-12-28 |
| ROWBOTHAM, Philip David | Director | 2015-05-12 | 2017-02-02 |
| TROTT, Matthew Christopher | Director | 2020-09-07 | 2024-04-30 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1999-10-26 | 1999-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elmo Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-09-25 | Active |
| Direct Ferries (Holdings) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-09-25 |
Filing timeline
Last 20 of 161 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | AD02 | address | Change sail address company with old address new address | |
| 2025-10-30 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-30 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | AD03 | address | Move registers to sail company with new address | |
| 2024-12-12 | AD02 | address | Change sail address company with new address | |
| 2024-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AA | accounts | Accounts with accounts type full | |
| 2024-08-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-28 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.