INDEPENDENT MARITIME ADVISORS LTD

• ⚠

  Material uncertainty over going concern

  We draw your attention to Note 2 accounting Policies (going concern) which states that the basis of the preparation of these financial statements is on a realisation basis. The company is not a going concern due to the reasons noted in the Directors' report.

Figures converted to GBP from EUR at 0.870 per EUR (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

  +169.1%

  £20,109,330 → £54,119,281

• Cash

  +69.1%

  £4,002,818 → £6,769,438

• Net assets

  +910.6%

  £2,302,105 → £23,266,035

  highest in 4 filed years

• Employees

  -22.7%

  22 → 17

• Operating profit

  +446%

  £6,254,326 → £34,148,129

• Profit before tax

  +444.5%

  £7,143,635 → £38,897,036

• Wages

  +52.3%

  £6,453,777 → £9,829,061

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DTL Auditors Ltd

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to Note 2 accounting Policies (going concern) which states that the basis of the preparation of these financial statements is on a realisation basis. The company is not a going concern due to the reasons noted in the Directors' report.”

Group structure

1. INDEPENDENT MARITIME ADVISORS LTD · parent
   1. Norwegian Cruise Line Group Italy S.r.l. 50% · Italy · providing integrated engineering design services

Significant events

• “During the year, the Company was acquired by a subsidiary of Norwegian Cruise Line Holdings Ltd. Following the acquisition, those external service contracts were terminated, resulting in the recognition of termination income in 2024 amounting to € 28,257,391.”
• “On 2 December 2024, the Italian operations and related business assets were transferred to another group undertaking in Italy, and the UK operations and related business assets were transferred to another group undertaking in the United Kingdom.”
• “Following these transactions, the Company ceased trading and no longer employed staff. The Company does not intend to recommence trading and is expected to complete remaining administrative matters in preparation for its eventual dissolution.”
• “Business Rates Dispute (UK): The Company received communications from Westminster City Council / the Valuation Office Agency ("VOA") reinstating business rates on its former premises at 31 Bruton Place, London, with retroactive effect from 1 April 2023.”
• “Italian Transfer Pricing Dispute (Agenzia delle Entrate): In early 2025 (27 February 2025), the Company received its first formal communication from the Agenzia delle Entrate relating to a transfer pricing review for the year 2022.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.