STENA ICEMAX LIMITED
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Cash
£38M
USD 51,411,000
+226% highest in 3 filed years
Net assets
£84M
USD 112,861,000
-24.8% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
-£37M
USD -49,327,000
-112.8% lowest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £30,824,974 | £48,837,401 | £37,522,084 | -23.2% | |
| Operating profit | -£7,007,037 | £9,956,580 | -£12,075,161 | -221.3% | |
| Profit before tax | -£34,951,340 | -£17,356,640 | -£36,926,935 | -112.8% | |
| Net profit | -£31,798,922 | -£11,482,258 | -£27,852,223 | -142.6% | |
| Cash | £12,636,622 | £11,804,911 | £38,487,049 | +226% | |
| Total assets less current liabilities | £423,022,908 | £419,503,668 | £391,651,445 | -6.6% | |
| Net assets | £123,823,926 | £112,341,668 | £84,489,445 | -24.8% | |
| Equity | £123,823,926 | £112,341,668 | £84,489,445 | -24.8% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.749 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -22.7% | 20.4% | -32.2% | |
| Net margin | -103.2% | -23.5% | -74.2% | |
| Return on capital employed | -1.7% | 2.4% | -3.1% | |
| Gearing (liabilities / total assets) | — | 73.7% | 80.1% | |
| Current ratio | 1.90x | 8.33x | 1.92x | |
| Interest cover | -0.25x | 0.35x | -0.45x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based upon the availability of its revolving credit facility and having reviewed the Company's future forecast cash flows, the Directors expect the Company to be a going concern for at least 12 months from the date of signing the financial statements and therefore prepared the financial statements on a going concern basis.”
Significant events
- “Recent macro-economic events including the announcement of international trade tariffs by US president Donald Trump in April 2025 and the February 2026 US-Israel war with Iran has caused significant volatility in the market, with Brent Crude prices reaching a high of $138 per barrel in April 2026. At the date of signing these financial statements, it is unknown how long the Strait of Hormuz will remain closed. The Board is continuing to monitor the situation as it develops, but remains confident in the ongoing demand for supplies to bolster charter activity and achieve future growth targets.”
- “The current ongoing conflicts in Ukraine and the Middle East have had no major consequences on the company's operations to date. However, both conflicts have resulted in increases in energy prices and in particular the closure of the Strait of Hormuz has intensified the need for exploration in other areas to meet global demands for energy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MATKIN, Siena Grace | Secretary | 2025-04-24 | — | — |
| FERNANDEZ-ARES, Sindo Dominic | Director | 2021-05-19 | Nov 1973 | British |
| HAMPTON, Ian | Director | 2016-09-13 | Mar 1981 | British |
| HULT, Annika | Director | 2021-01-05 | Apr 1973 | Swedish |
| MATTIUZZO, Mauro | Director | 2017-12-08 | Aug 1957 | English |
| STENVALLER, Mikael Fredrik | Director | 2015-04-23 | Jul 1973 | Swedish |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSSON, Thomas Sven | Secretary | 2014-09-12 | 2022-02-09 |
| CARTER, Jenny Kate | Secretary | 2022-02-09 | 2025-02-14 |
| SCHAGERLIND, Colette | Secretary | 2012-04-16 | 2014-05-20 |
| NOROSE COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2012-04-16 | 2012-04-16 |
| DE WEKKER, Petrus Franciscus | Director | 2012-04-16 | 2017-12-08 |
| DERENSTRAND, Marica Anna | Director | 2013-04-18 | 2014-12-03 |
| HULTGREN, Staffan Werner | Director | 2012-04-16 | 2021-01-05 |
| MACLEOD, Kenneth | Director | 2012-04-16 | 2016-12-08 |
| NOREN, Hans Erik | Director | 2013-12-19 | 2022-05-27 |
| PERCY, Michael Hugh | Director | 2012-04-16 | 2025-05-30 |
| WESTON, Clive | Director | 2012-04-16 | 2012-04-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Dan Sten Olsson | Individual | Shares 50–75% | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-24 MA Memorandum articles
- 2024-10-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-24 | MA | incorporation | Memorandum articles | |
| 2024-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-30 | AA | accounts | Accounts with accounts type small | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-14 | AA | accounts | Accounts with accounts type full | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-01 | CH01 | officers | Change person director company with change date | |
| 2023-02-28 | CH01 | officers | Change person director company with change date | |
| 2022-12-22 | SH01 | capital | Capital allotment shares | |
| 2022-06-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.