HALCYON TANKERS LIMITED
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Cash
£1.5m
-8.9% vs 2024
Net assets
£2.9m
+25.5% highest in 5 filed years
Employees
175
+12.2% highest in 5 filed years
Profit before tax
£905k
+16.5% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £3,570,000 | £5,330,000 | £9,980,000 | £20,920,654 | £23,225,538 | £24,109,644 | +3.8% | |
| Operating profit | — | — | — | £1,188,673 | £1,588,984 | £1,612,811 | +1.5% | |
| Profit before tax | £60,000 | £480,000 | £630,000 | £670,680 | £776,831 | £905,334 | +16.5% | |
| Net profit | — | — | — | £528,798 | £661,838 | £709,612 | +7.2% | |
| Cash | £31,145 | £93,941 | — | £1,346,371 | £1,613,084 | £1,469,571 | -8.9% | |
| Total assets less current liabilities | £1,054,867 | £1,991,638 | — | £10,266,057 | £10,252,332 | £10,144,610 | -1.1% | |
| Net assets | £91,706 | £464,087 | — | £1,691,425 | £2,293,263 | £2,877,875 | +25.5% | |
| Equity | £91,706 | £464,087 | — | £1,691,425 | £2,293,263 | £2,877,875 | +25.5% | |
| Average employees | 33 | 48 | — | 145 | 156 | 175 | +12.2% | |
| Wages | — | — | — | £9,754,355 | £9,057,412 | £10,102,427 | +11.5% | |
| Directors' remuneration | — | — | — | £298,477 | £270,702 | £256,469 | -5.3% | |
| Directors' pension contributions | — | — | — | £6,603 | £7,156 | £6,750 | -5.7% | |
| Highest paid director | — | — | — | £142,500 | £141,646 | £148,375 | +4.8% |
Values shown as filed in the company's annual accounts. — 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 5.7% | 6.8% | 6.7% | |
| Net margin | — | — | — | 2.5% | 2.8% | 2.9% | |
| Return on capital employed | — | — | — | 11.6% | 15.5% | 15.9% | |
| Gearing (liabilities / total assets) | 95.0% | 84.8% | — | 88.5% | 85.4% | 81.7% | |
| Current ratio | — | — | — | 1.04x | 0.98x | 0.98x | |
| Interest cover | — | — | — | 2.29x | 1.93x | 2.25x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group and parent company have adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting”
Group structure
- HALCYON TANKERS LIMITED · parent
- Halcyon Workshops Limited 100%
- Halcyon Tankers 2022 Limited 100%
Significant events
- “On 28th February 2025 the group acquired the assets and employed the staff of the chemical haulage division of Gussion Tankers Limited.”
- “In September 2025 we launched a new division specialising in the transportation of refinery products (petrol & diesel).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRACLOUGH, Nigel Mark | Director | 2018-09-24 | Jan 1965 | British |
| ELLIOTT, Ian | Director | 2018-10-30 | Mar 1965 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPENCE-WOLRICH, Andrew Robert | Director | 2018-10-24 | 2024-10-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Halcyon Tankers Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-04 | Active |
| Mr Ian Elliott | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-09-24 | Ceased 2024-10-04 |
| Mr Nigel Mark Barraclough | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-09-24 | Ceased 2024-10-04 |
| Mr Andrew Robert Spence-Wolrich | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2018-09-24 | Ceased 2024-10-04 |
Filing timeline
Last 20 of 33 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2025-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-06 | AA | accounts | Accounts with accounts type group | |
| 2024-08-12 | SH01 | capital | Capital allotment shares | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-30 | AA | accounts | Accounts with accounts type group | |
| 2023-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-03-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.