TORM PLC
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Cash
£122M
USD 163,500,000
-43.9% lowest in 3 filed years
Net assets
£2.1B
USD 2,803,000,000
-1.8% vs 2024
Employees
3,804
+3.5% vs 2024
Profit before tax
£220M
USD 293,300,000
-52% 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 | £1,138,194,340 | £1,155,861,656 | £983,829,915 | -14.9% | |
| Operating profit | £522,982,482 | £493,936,218 | £266,731,547 | -46% | |
| Profit before tax | £485,851,175 | £457,778,110 | £219,568,798 | -52% | |
| Net profit | £485,851,175 | £457,778,110 | £215,601,138 | -52.9% | |
| Cash | £221,290,612 | £217,996,706 | £122,398,563 | -43.9% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £1,744,273,095 | £2,136,547,387 | £2,098,368,019 | -1.8% | |
| Equity | £1,247,192,694 | £1,552,627,639 | £1,648,899,536 | +6.2% | |
| Average employees | — | 3,677 | 3,804 | +3.5% | |
| Wages | £34,436,293 | £35,409,492 | £43,644,258 | +23.3% | |
| Directors' remuneration | — | £1,815,392 | £1,823,626 | +0.5% |
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 | 45.9% | 42.7% | 27.1% | |
| Net margin | 42.7% | 39.6% | 21.9% | |
| Gearing (liabilities / total assets) | 18.8% | 17.7% | 16.8% | |
| Current ratio | 1.74x | 1.46x | 1.23x | |
| Interest cover | 13.72x | 8.90x | 4.79x |
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 2 times since incorporation
- TORM PLC 2016-01-20 → present
- TORM LIMITED 2015-11-26 → 2016-01-20
- ANCHOR ADMIRAL LTD 2015-10-12 → 2015-11-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP, Statutory Auditor
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that the Group has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting is appropriate for the preparation of these financial statements. See Note 2 for further information on financial covenants.”
Group structure
- TORM PLC · parent
- TORM A/S 100%
- TORM Singapore Pte Ltd 100%
- TORM VesselCo UK Limited 100%
- TORM Shipping Services (PNL) Limited 100%
- TORM Production A/S 100%
- TORM USA Inc. 100%
- TORM Shipping (H.K.) Limited 100%
- HE Production (Zhejiang) Co. Ltd. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELEMENTAL COMPANY SECRETARY LIMITED | Corporate Secretary | 2015-10-12 | — | — |
| BOEHRINGER, Chris Helmut | Director | 2015-10-13 | Jan 1971 | Canadian |
| JUSTAD, Annette Malm | Director | 2020-04-15 | Sep 1958 | Norwegian |
| MACKENZIE SMITH, Simon | Director | 2025-12-16 | Sep 1960 | British |
| MELDGAARD, Jacob Balslev | Director | 2015-12-14 | Jun 1968 | Danish, |
| TRAPP, Pär Göran | Director | 2015-10-15 | Jan 1962 | Swedish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JANHOLT, Torben | Director | 2015-12-14 | 2020-04-15 |
| LINDSAY, Nick | Director | 2015-10-12 | 2015-10-13 |
| WEINSTEIN, David | Director | 2015-12-14 | 2026-01-06 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 323 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | SH01 | capital | Capital allotment shares | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2026-03-16 | SH01 | capital | Capital allotment shares | |
| 2026-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2026-03-03 | AA | accounts | Accounts with accounts type group | |
| 2026-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-03 | 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
- 20
- Capital events
- 4
- Officers appointed
- 1
- 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.