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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-04-25 (in 11mo)

Last made up 2026-04-11

Watchouts

None on the register

Cash

£71K

USD 95,000

Latest balance sheet

Net assets

£3M

USD 3,555,000

Equity attributable

Employees

Average over period

Profit before tax

-£941K

USD -1,259,000

Period ending 2024-12-31

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £473,200£3,310,159
Operating profit -£509,830-£324,437
Profit before tax -£662,331-£941,168
Net profit -£662,331-£941,168
Cash £1,027,884£71,017
Total assets less current liabilities £9,126,860£7,494,206
Net assets £3,598,714£2,657,547
Equity £3,598,714£2,657,547
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

Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior.

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin -107.7%-9.8%
Net margin -140.0%-28.4%
Return on capital employed -5.6%-4.3%
Gearing (liabilities / total assets) 66.7%70.8%
Current ratio 0.64x0.57x
Interest cover -3.14x-0.51x

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
IFRS
Reporting scope
Standalone (parent only)
Auditor
BDO LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements have been prepared on a going concern basis. Directors reviewed cash flow projections and compliance with banking covenants. Company's current liabilities exceeded current assets by US$927,000 (2023: US$815,000). Associated company Lomar Corporation Limited has undertaken to provide support.”

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
GEORGIOU, George Nicholas, Mr. Director 2023-04-12 Jan 1973 British
KETHISOUARAN, Mark, Mr. Director 2023-09-04 Oct 1988 Greek
Show 1 resigned officer
Name Role Appointed Resigned
PSACHOS, Dionysios Director 2023-04-12 2023-09-04

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Magnolia Shipholdings Limited Corporate entity Shares 75–100% 2023-04-27 Active
Mr Michail Logothetis Individual Shares 75–100% 2023-04-12 Ceased 2023-04-27

Filing timeline

Last 15 of 15 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-04-25 MA Memorandum articles
  • 2023-04-25 RESOLUTIONS Resolution
Date Type Category Description
2026-05-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-10-07 AA accounts Accounts with accounts type full
2025-04-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-09-05 AA accounts Accounts with accounts type full
2024-04-25 CS01 confirmation-statement Confirmation statement with updates PDF
2024-04-22 AA01 accounts Change account reference date company previous shortened PDF
2023-10-03 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-09-29 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2023-09-07 AP01 officers Appoint person director company with name date PDF
2023-09-07 TM01 officers Termination director company with name termination date PDF
2023-05-23 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2023-05-23 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-04-25 MA incorporation Memorandum articles
2023-04-25 RESOLUTIONS resolution Resolution
2023-04-12 NEWINC incorporation Incorporation company PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page