SHIPSERV LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  +4.7%

  £13,929,312 → £14,585,712

• Cash

  -9.7%

  £1,476,211 → £1,333,619

  lowest in 4 filed years

• Net assets

  -37.7%

  £6,757,473 → £4,208,270

• Employees

  -11.1%

  18 → 16

• Operating profit

  +493.5%

  -£1,045,832 → £4,115,602

• Profit before tax

  +7,654.1%

  -£54,482 → £4,115,602

• Wages

  -57.2%

  £3,251,228 → £1,392,505

  lowest in 3 filed years

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. SHIPSERV LIMITED 2001-11-09 → present
2. SEAVANTAGE LIMITED 2000-04-27 → 2001-11-09

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing whether the Company can continue as a going concern, management have assessed the liquidity needs of the Company over the going concern period until 31 December 2026. The Company has net assets of $5.6million (2023: $9.0 million) and profits of $3.9 million (2023: $4.8 million). The Directors have prepared and reviewed forecasts and projections for the period up to 31 December 2026, taking account of reasonably possible changes in activity, show that the Company should be able to continue to operate within the level of its current facilities. The Directors conducted severe but plausible downside scenario testing, reverse stress testing and is not aware of any material uncertainties that would question its ability to continue as a going concern. The Directors have a reasonable expectation that the Company has, and will have, adequate resources to continue in operational existence over the going concern assessment period. Accordingly, the directors of the Company continue to adopt the going concern basis in preparing the Company's financial statements.”

Group structure

1. SHIPSERV LIMITED · parent
   1. Shipserv America, Inc. 100% · USA
   2. Shipserv Singapore Pte Limited 100% · Singapore
   3. Shipserv CI Philippines Inc. 100% · Philippines
   4. Shipserv ApS 100% · Denmark

Significant events

• “The Company has evaluated events occurring after the reporting date, and has determined that there are no events requiring disclosure or adjustment in the financial statements for the year ended 31 December, 2024.”
• “The directors have considered events occurring after the reporting date and up to the date of approval of the financial statements. There have been no material post-balance sheet events that require adjustment to, or disclosure in, the financial statements.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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