BALAENA LTD
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-16 (in 1mo)
Last made up 2025-06-02
Watchouts
None on the register
Cash
£3M
+35.5% vs 2024
Net assets
-£17M
-30.6% lowest in 5 filed years
Employees
257
+4% highest in 4 filed years
Profit before tax
-£3M
+72.1% vs 2024
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2025-06-30
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2022-04-30 | 2022-05-23 | 2022-05-24 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | £36,372,281 | £35,314,186 | |
| Operating profit | — | — | — | — | — | — | £565,108 | £117,078 | |
| Profit before tax | — | — | — | — | — | — | -£12,539,975 | -£3,498,512 | |
| Net profit | — | — | — | — | — | — | -£13,033,881 | -£3,958,568 | |
| Cash | — | — | — | — | — | — | £2,305,056 | £3,123,575 | |
| Total assets less current liabilities | £1 | £77,027 | £13,959 | — | — | — | £35,159,774 | £31,582,032 | |
| Net assets | £1 | -£21,992 | -£86,967 | — | — | — | -£12,922,829 | -£16,881,397 | |
| Equity | £1 | -£21,992 | -£86,967 | -£86,967 | -£86,967 | £553,003 | -£12,922,829 | -£16,881,397 | |
| Average employees | — | — | 1 | 0 | — | — | 247 | 257 | |
| Wages | — | — | — | — | — | — | £12,593,320 | £12,826,695 | |
| Directors' remuneration | — | — | — | — | — | — | £316,043 | £242,178 |
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 2025-06-30 vs 2024-06-30
-
Turnover
-2.9%
£36,372,281 £35,314,186
-
Cash
+35.5%
£2,305,056 £3,123,575
-
Net assets
-30.6%
-£12,922,829 -£16,881,397
lowest in 5 filed years
-
Employees
+4%
247 257
highest in 4 filed years
-
Operating profit
-79.3%
£565,108 £117,078
-
Profit before tax
+72.1%
-£12,539,975 -£3,498,512
-
Wages
+1.9%
£12,593,320 £12,826,695
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 | 2020-06-30 | 2021-06-30 | 2022-04-30 | 2022-05-23 | 2022-05-24 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 1.6% | 0.3% | |
| Net margin | — | — | — | — | — | — | -35.8% | -11.2% | |
| Return on capital employed | — | — | — | — | — | — | 1.6% | 0.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | 129.4% | 141.6% | |
| Current ratio | — | — | — | — | — | — | 1.43x | 1.23x | |
| Interest cover | — | — | — | — | — | — | 0.11x | 0.03x |
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
- Grant Thornton (NI) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- BALAENA LTD · parent
- Balaena Alpha Limited 100%
- Balaena Consulting Limited 100%
- Balaena Consulting (Gibraltar) Limited 100%
- Blackloch Limited 100%
- Balaena Bravo Limited 100%
- Balaena Delta Limited 100%
- Balaena PropCo Limited 100%
- Gibdock Limited 100%
- Salalah Limited 100%
- Claxton Composites Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FURMSTON, Peter John Andrew | Director | 2019-10-01 | Mar 1966 | British |
| GILLETT, Simon James | Director | 2019-06-03 | Feb 1971 | British |
| STRINGER, Melanie Jane | Director | 2019-06-03 | Jul 1966 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Simon James Gillett | Individual | Shares 75–100% | 2019-06-03 | Active |
| Ms Melanie Jane Stringer | Individual | Significant influence | 2019-06-03 | Active |
Filing timeline
Last 19 of 19 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type group | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | AA | accounts | Accounts with accounts type group | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-27 | AA01 | accounts | Change account reference date company current extended | |
| 2023-04-27 | AA | accounts | Accounts with accounts type micro entity | |
| 2022-10-18 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-25 | AA | accounts | Accounts with accounts type micro entity | |
| 2021-06-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-29 | AA | accounts | Accounts with accounts type micro entity | |
| 2020-10-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2020-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2019-08-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2019-08-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2019-06-03 | NEWINC | incorporation | Incorporation company |
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.