PIONEER SHIPPING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-25 (in 6mo)
Last made up 2025-11-11
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£4M
USD 5,865,000
+76.6% vs 2023
Employees
—
Average over period
Profit before tax
£3M
USD 3,391,000
+87% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £75,473,574 | £80,052,329 | |
| Operating profit | £4,997,384 | £5,296,404 | |
| Profit before tax | £1,355,311 | £2,534,948 | |
| Net profit | £1,036,854 | £1,901,024 | |
| Cash | £8,971 | — | |
| Total assets less current liabilities | £65,792,031 | £41,048,068 | |
| Net assets | £2,483,367 | £4,384,391 | |
| Equity | £2,483,367 | £4,384,391 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+6.1%
£75,473,574 £80,052,329
-
Cash
—
Not reported
-
Net assets
+76.6%
£2,483,367 £4,384,391
-
Employees
—
Not reported
-
Operating profit
+6%
£4,997,384 £5,296,404
-
Profit before tax
+87%
£1,355,311 £2,534,948
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.6% | 6.6% | |
| Net margin | 1.4% | 2.4% | |
| Return on capital employed | 7.6% | 12.9% | |
| Gearing (liabilities / total assets) | 97.5% | 94.3% | |
| Current ratio | 0.40x | 0.43x | |
| Interest cover | 1.35x | 1.92x |
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 1 time since incorporation
- PIONEER SHIPPING LIMITED 2016-02-09 → present
- CENTRICA SHIPPING LIMITED 2015-12-17 → 2016-02-09
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have received confirmation from the Directors of Centrica plc that provided the Company remains part of the Group, Centrica plc will support the Company for at least one year after the date of signature of these financial statements and that amounts owed to Group undertakings will not be required to be repaid for the foreseeable future unless sufficient financial resources and facilities are available to the Company that would enable it, after such repayment, to continue as a going concern.”
Significant events
- “While the war in Ukraine continues, alternative sources of gas to replace the Nord Stream 1 pipeline have been secured across Europe, largely through Liquified Natural Gas (LNG) shipped from outside the European continent. The Gaza conflict also has the potential to increase market volatility if wider Middle Eastern states are caught up in the conflict.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CENTRICA SECRETARIES LIMITED | Corporate Secretary | 2015-12-17 | — | — |
| BONG, Albert Hua Jiet | Director | 2022-10-24 | Feb 1978 | British |
| GALLEGO DIAZ, Arturo Faustino | Director | 2016-06-30 | Jun 1973 | Spanish |
| MANGERAH, Cassim | Director | 2016-06-30 | Sep 1968 | British |
| PARK, John Thomas | Director | 2022-10-31 | Feb 1974 | British |
| PEREZ CUESTA, Olivia Ines | Director | 2022-10-24 | Nov 1978 | Spanish |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEE, Stuart Craig | Director | 2015-12-17 | 2017-10-20 |
| DUNLAVY, David Lee | Director | 2015-12-17 | 2022-05-02 |
| GEROVA, Stefka Georgieva | Director | 2020-06-02 | 2022-11-11 |
| LONGMUIR, Ailsa Zoya | Director | 2019-11-22 | 2025-08-29 |
| WESTBY, Jonathan Damian | Director | 2015-12-17 | 2020-09-01 |
| WORBY, Peter John | Director | 2017-10-20 | 2019-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gb Gas Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 40 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-12-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2022-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-23 | CH01 | officers | Change person director company with change date | |
| 2022-11-17 | CH01 | officers | Change person director company with change date | |
| 2022-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-01 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-07 | AA | accounts | Accounts with accounts type full | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-07-14 | CH01 | officers | Change person director company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.