SIGNAL OCEAN LTD

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

  +26.6%

  £4,849,537 → £6,139,735

• Cash

  -68%

  £3,546,436 → £1,135,874

• Net assets

  -1.3%

  £23,335,091 → £23,032,398

• Employees

  0%

  73 → 73

• Operating profit

  -137.6%

  £7,647,980 → -£2,872,637

• Profit before tax

  -139.9%

  £7,758,157 → -£3,095,697

• Wages

  0%

  £3,106,482 → £3,106,482

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. SIGNAL OCEAN LTD 2018-09-27 → present
2. SIGNAL MARITIME LONDON LTD 2014-11-05 → 2018-09-27

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

George Hay & Company

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. SIGNAL OCEAN LTD · parent
   1. Signal Ocean Single Member Private Company 100% · Glyfada, Attica, Greece · Software development
   2. Signal Ocean Dry Cargo Ltd 90% · London, United Kingdom · Technology solutions for dry-bulk freighters
   3. Signal Ocean Box Ltd 90% · London, United Kingdom · Developing commercial shipping software
   4. Signal Ocean Pte. Ltd. 100% · Singapore · Advertising activities
   5. Shiplex S.A. 61% · Greece · Software development
   6. Signal Ocean US Inc. 100% · Dover, Kent County, Delaware · Software development

Significant events

• “The Group has reported commendable financial growth, with license and subscription fees experiencing an increase from $6.5 million as of 31 December 2023 to $8.2 million as of 31 December 2024. This positive trajectory is attributed to the change in the launch of the main software platform and subsequent promotional activities, resulting in a noteworthy rise in active customers.”

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

Filings

8

last 12 months

Capital events

2

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.