UNION MARITIME LIMITED
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Cash
£124M
USD 165,492,000
+82.6% vs 2023
Net assets
£531M
USD 710,191,000
+36.5% vs 2023
Employees
816
+0.4% vs 2023
Profit before tax
£148M
USD 198,130,000
-24.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £453,606,937 | £475,486,282 | +4.8% | |
| Operating profit | £229,316,738 | £180,894,072 | -21.1% | |
| Profit before tax | £197,229,573 | £148,112,432 | -24.9% | |
| Net profit | £196,822,905 | £147,666,143 | -25% | |
| Cash | £67,740,151 | £123,713,837 | +82.6% | |
| Total assets less current liabilities | £742,014,652 | £918,859,236 | +23.8% | |
| Net assets | £388,951,185 | £530,904,538 | +36.5% | |
| Equity | £388,951,185 | £530,904,538 | +36.5% | |
| Average employees | 813 | 816 | +0.4% | |
| Wages | £17,876,205 | £19,775,734 | +10.6% | |
| Directors' remuneration | £9,558,197 | £11,450,998 | +19.8% |
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. 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 |
|---|---|---|---|
| Operating margin | 50.6% | 38.0% | |
| Net margin | 43.4% | 31.1% | |
| Return on capital employed | 30.9% | 19.7% | |
| Gearing (liabilities / total assets) | 58.6% | 56.8% | |
| Current ratio | 1.02x | 1.06x | |
| Interest cover | 6.13x | 4.49x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors reviewed and stress tested the Group's cash flow forecasts and are confident that the Group will remain in a healthy financial position. The Directors believe the Group will generate sufficient working capital and cash flows to continue in operational existence and have as a result prepared the financial statements on a going-concern basis.”
Group structure
- UNION MARITIME LIMITED · parent
- Fulton Maritime Limited 0.5%
- Union Crude Carriers Limited 0.4%
- Pytheas Maritime Holdings Limited 0.5%
- UML Brunswick Limited 1%
Significant events
- “Subsequent to the balance sheet date, UML acquired three vessels for total consideration of US$78,730,000 and sold four vessels for total consideration of US$92,931,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANSAGRA, Bhupendra Shantilal | Secretary | 2006-01-12 | — | British |
| CADJI, Laurent Elie | Director | 2006-01-12 | Aug 1977 | British |
| CADJI, Lewis Levy | Director | 2006-01-12 | May 1938 | British |
| ENSTON, Matthew Brooks | Director | 2024-04-04 | Mar 1978 | British |
| KANSAGRA, Bhupendra Shantilal | Director | 2006-01-12 | May 1956 | British |
| KANSAGRA, Ramesh Shantilal | Director | 2006-01-12 | Aug 1950 | British |
| KOTSAPAS, Michael | Director | 2024-04-04 | Oct 1977 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KRALJEVIC, Sarita Michele | Director | 2013-10-01 | 2024-12-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Springfield Shipping Limited | Corporate entity | Voting 50–75% | 2024-06-20 | Active |
| Stg Investment Holdings Limited | Corporate entity | Voting 50–75% | 2024-06-13 | Ceased 2024-06-20 |
| South Central Property Limited | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2024-06-13 |
| Solai Holdings Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 264 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 RESOLUTIONS Resolution
- 2026-01-03 MA Memorandum articles
- 2025-12-30 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-12 | RP01SH01 | miscellaneous | Legacy | |
| 2026-01-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2025-12-30 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-12-22 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- 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.