NORTH SAILS LIMITED
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Cash
—
Latest balance sheet
Net assets
£5.8m
+60.7% highest in 3 filed years
Employees
82
-3.5% lowest in 3 filed years
Profit before tax
£1.2m
+10.8% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary 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 | £14,806,390 | £14,378,738 | £13,298,149 | -7.5% | |
| Operating profit | £726,092 | £1,236,687 | £1,155,151 | -6.6% | |
| Profit before tax | £502,779 | £1,059,762 | £1,174,676 | +10.8% | |
| Net profit | £1,209,412 | £1,059,762 | £2,180,914 | +105.8% | |
| Cash | £487,535 | £2,454 | — | — | |
| Total assets less current liabilities | -£5,965,987 | £3,593,775 | £5,799,944 | +61.4% | |
| Net assets | -£5,965,987 | £3,593,775 | £5,774,689 | +60.7% | |
| Equity | -£5,965,987 | £3,593,775 | £5,774,689 | +60.7% | |
| Average employees | 86 | 85 | 82 | -3.5% | |
| Wages | £4,172,932 | £3,969,555 | £4,182,230 | +5.4% | |
| Directors' remuneration | £630,494 | £619,199 | £587,115 | -5.2% | |
| Directors' pension contributions | £2,642 | £2,642 | £2,642 | 0% | |
| Highest paid director | £460,463 | £460,667 | £432,841 | -6% |
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 | 4.9% | 8.6% | 8.7% | |
| Net margin | 8.2% | 7.4% | 16.4% | |
| Return on capital employed | — | 34.4% | 19.9% | |
| Gearing (liabilities / total assets) | 161.5% | — | — | |
| Current ratio | 0.61x | 2.40x | 3.06x | |
| Interest cover | 3.24x | 6.49x | 27.79x |
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.
Name history
Renamed 1 time since incorporation
- NORTH SAILS LIMITED 2005-07-20 → present
- BONDCO 1115 LIMITED 2005-06-28 → 2005-07-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the company's projected positive cashflow position, the wider group's latest performance against budget, the group's covenant headroom and the confirmed intention of NSG (Bermuda) LP to provide support, the directors consider it appropriate to prepare the FY25 financial statements on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WELCH, John Michael | Director | 2005-10-04 | Jun 1960 | New Zealander |
| WILLIAMS, Adrian | Director | 2021-11-01 | Aug 1975 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUDSON, Sarah Louise | Secretary | 2015-05-20 | 2016-05-06 |
| QUAIFE, Davina | Secretary | 2005-07-21 | 2006-12-18 |
| UNIACKE, Martin John | Secretary | 2006-12-18 | 2015-05-20 |
| BONDLAW SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-06-28 | 2005-07-21 |
| CHRISTENSEN, Jens Hakon | Director | 2007-02-01 | 2025-12-19 |
| DE SILVA, Appu Hennedige Charya Scheshanka | Director | 2020-11-25 | 2021-11-01 |
| DUBOIS, Bruno Jean Marie | Director | 2007-02-01 | 2014-06-30 |
| IVE, Lars Bo | Director | 2005-07-14 | 2014-06-29 |
| JENKINS, Trevor Arthur | Director | 2014-07-01 | 2020-11-25 |
| BONDLAW DIRECTORS LIMITED | Corporate Nominee Director | 2005-06-28 | 2005-07-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ntg Europe (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 110 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-21 RESOLUTIONS Resolution
- 2024-06-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-08-16 | CH01 | officers | Change person director company with change date | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-21 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-06-21 | SH20 | capital | Legacy | |
| 2024-06-21 | CAP-SS | insolvency | Legacy | |
| 2024-06-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-17 | SH01 | capital | Capital allotment shares | |
| 2023-12-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.