OCEAN NETWORK EXPRESS (EUROPE) LTD.
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-26 (in 10mo)
Last made up 2026-03-12
Watchouts
Cash
£4M
-40.7% vs 2024
Net assets
£14M
-44.1% vs 2024
Employees
1,300
+1.6% vs 2024
Profit before tax
£15M
+10% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £102,793,429 | £125,606,716 | |
| Operating profit | £13,622,117 | £14,441,060 | |
| Profit before tax | £13,692,553 | £15,059,789 | |
| Net profit | £10,441,879 | £13,803,377 | |
| Cash | £7,497,830 | £4,446,617 | |
| Total assets less current liabilities | £35,956,217 | £25,429,411 | |
| Net assets | £24,946,784 | £13,945,776 | |
| Equity | £24,946,784 | £13,945,776 | |
| Average employees | 1,279 | 1,300 | |
| Wages | £63,450,917 | £80,536,334 | |
| Directors' remuneration | £745,261 | £700,079 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+22.2%
£102,793,429 £125,606,716
-
Cash
-40.7%
£7,497,830 £4,446,617
-
Net assets
-44.1%
£24,946,784 £13,945,776
-
Employees
+1.6%
1,279 1,300
-
Operating profit
+6%
£13,622,117 £14,441,060
-
Profit before tax
+10%
£13,692,553 £15,059,789
-
Wages
+26.9%
£63,450,917 £80,536,334
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 13.3% | 11.5% | |
| Net margin | 10.2% | 11.0% | |
| Return on capital employed | 37.9% | 56.8% | |
| Gearing (liabilities / total assets) | 55.9% | 76.1% | |
| Current ratio | 1.86x | 1.27x | |
| Interest cover | 26.12x | 35.90x |
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
- OCEAN NETWORK EXPRESS (EUROPE) LTD. 2017-05-31 → present
- 3J LINE EUROPE LIMITED 2017-05-15 → 2017-05-31
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 a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the directors have prepared cashflow forecasts, taken into account the highly predictable revenues based on the costs it incurs plus a mark-up which the Company receives for the majority of its business, timings of the cash receipt from the parent as well as the cash and other resources.”
Group structure
- OCEAN NETWORK EXPRESS (EUROPE) LTD. · parent
- Ocean Network Express (Netherlands) B.V. 100%
- Ocean Network Express (RUS) LLC 99%
- Ocean Network Express Turkey Denizcilik A.Ş. 100%
- Ocean Network Express (South Africa) Proprietary Limited 100%
- Ocean Network Express (Cote d'Ivoire) S.A. 75%
- Ocean Network Express (Ghana) Limited 100%
- Ocean Network Express (Nigeria) Limited 25%
- ONE Shipping, Lda. 100%
- Ocean Network Express (Spain) S.A. 100%
- Ocean Network Express Kenya Ltd 100%
Significant events
- “The Company received a dividend of USD 7,883,025 (EUR6,674,873) from its subsidiary Ocean Network Express (Netherlands) B.V in July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARRIS, Michael Andrew | Secretary | 2022-10-01 | — | — |
| HAMADA, Masashi | Director | 2026-04-01 | Jul 1974 | Japanese |
| HOSAKA, Tomohiro | Director | 2023-04-01 | Aug 1969 | Japanese |
| MICHIDA, Kenichi | Director | 2026-04-01 | Dec 1974 | Japanese |
| MIURA, Dan | Director | 2026-04-01 | Sep 1979 | Japanese |
| SMULDERS, Stanley | Director | 2018-03-05 | Nov 1962 | Dutch |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRIES, Alan | Secretary | 2018-04-09 | 2022-10-01 |
| CHIHARA, Toru, Mr. | Director | 2021-04-01 | 2023-03-31 |
| IWAI, Yasuki | Director | 2022-09-01 | 2026-03-31 |
| KIKUCHI, Takahiro, Mr. | Director | 2023-04-01 | 2026-03-31 |
| KURIMOTO, Yu | Director | 2020-04-01 | 2022-08-31 |
| MIZUKAMI, Shunichiro | Director | 2020-04-01 | 2023-03-31 |
| SOMEYA, Mitsuo | Director | 2017-05-15 | 2017-10-01 |
| SUZUKI, Hideki | Director | 2017-10-01 | 2018-04-27 |
| TAMURA, Jotaro | Director | 2018-03-05 | 2020-03-31 |
| TATSUMI, Yoichiro | Director | 2018-04-13 | 2021-03-31 |
| WAKELING, Derek | Director | 2017-10-01 | 2025-05-30 |
| YAMAGA, Noriaki | Director | 2018-03-05 | 2020-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ocean Network Express Pte. Ltd. | Corporate entity | Shares 75–100% | 2017-07-07 | Ceased 2019-07-10 |
| Nippon Yusen Kabushiki Kaisha | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-15 | Ceased 2017-07-07 |
Filing timeline
Last 20 of 66 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-05-19 RESOLUTIONS Resolution
- 2025-05-12 MA Memorandum articles
- 2025-05-08 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-14 | AA | accounts | Accounts with accounts type full | |
| 2025-10-01 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | MA | incorporation | Memorandum articles | |
| 2025-05-08 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-11-21 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.