CORY BROTHERS 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

  +17.1%

  £37,421,000 → £43,825,000

• Cash

  -3.3%

  £4,488,000 → £4,339,000

• Net assets

  -33.6%

  £7,868,000 → £5,225,000

• Employees

  -4.5%

  179 → 171

• Operating profit

  +543%

  £151,000 → £971,000

• Profit before tax

  +225.1%

  £446,000 → £1,450,000

• Wages

  -0.9%

  £7,395,000 → £7,325,000

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. CORY BROTHERS LIMITED 2023-03-01 → present
2. CORY BROTHERS SHIPPING AGENCY LIMITED 2003-08-05 → 2023-03-01
3. SHELFCO (NO.2847) LIMITED 2003-03-31 → 2003-08-05

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the current situation, the Directors have considered it appropriate to continue to adopt the going concern basis in preparing these Financial Statements. The Directors have prepared and reviewed cashflow forecasts to 31 December 2026 (being the going concern review period) and are satisfied that the Company has adequate resource to continue operations for this period. The Directors note that the Company had net current liabilities of £338k (net current assets on 31 December 2023: £545k) and cash balances of £4,339k (31 December 2023: £4,488k). The Directors have reviewed the anticipated cashflows of the Company and consider that the Company has the necessary resources available to meet its working capital requirements for at least the period to 31 December 2026. In addition, the Company has support (if needed) for the going concern review period from Vertom BV, its parent undertaking. The Directors, after making enquiries, believe Vertom BV has sufficient resources to provide support if needed.”

Group structure

1. CORY BROTHERS LIMITED · parent
   1. D&B Shipping Limited 100% · UK · Port agency services
   2. Constantine & Company (Exports) 50% · UK · Port agency services
   3. CB (Newcastle) Limited 100% · UK · Dormant
   4. Red Dragon Line Limited 100% · UK · Dormant
   5. CB Freight Limited (formerly Fred. Olsen Freight Limited) 0% · UK · Dissolved
   6. Cory Wave Shipping 50% · Gibraltar · Port agency services

Significant events

• “The Company has adapted to recent challenges such as the sanctioning of Russian entities, and continues to monitor the evolution of the UK's trading relationship with the EU and other countries.”
• “Staff retention and attraction continued to be a challenge throughout 2024, although there has been some modest easing of these pressures in certain functions and regions of the UK at the date of this report.”
• “The Company continues to invest in new systems - both "off the shelf" 3rd party solutions and offerings developed by our in-house technology team. We believe this combination allows us to exploit new industry wide technology, but also provide customised solutions for our key clients.”

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

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.