LATSCO (LONDON) 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

  -7.2%

  £5,806,235 → £5,389,848

• Cash

  -46.2%

  £2,401,136 → £1,291,769

• Net assets

  -18.5%

  £1,356,806 → £1,106,377

• Employees

  -6.7%

  15 → 14

• Operating profit

  -17.9%

  £1,442,775 → £1,184,122

• Profit before tax

  -26.6%

  £1,607,236 → £1,179,637

• Wages

  -5.5%

  £2,926,665 → £2,766,689

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have undertaken an exercise to consider the ability of Latsco (London) Limited to meet its obligations towards creditors up to 31 December 2026. After making suitable enquiries, the Directors have a reasonable expectation that the Company has adequate resources and financial support to remain in operation for the foreseeable future and have therefore continued to adopt the going concern basis of accounting.”

Significant events

• “During 2025, the Company has entered into new charter party agreements with some of the related parties, from those listed in Note 12 (d), in order to act as chartering representative in respect of four vessel-owning companies, in exchange for a fee based on fixtures the Company has entered into with unrelated parties (i.e. charter-in, charter-out transactions).”
• “On 4 February 2025, the Company terminated the agency agreement with the related party Undertow Holdings S.A. and therefore ceased to act as a chartering representative in respect of the related party's vessel.”
• “During 2025, the Company entered into agency agreements with the related parties Abridge Marine S.A., Aveley Marine S.A., Camden Marine Inc. and Croydon Marine Inc., wholly owned subsidiaries of LSL.”

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.