CALEDONIAN MARITIME ASSETS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-26 (in 11mo)
Last made up 2026-04-12
Watchouts
None on the register
Cash
£62M
+78% vs 2024
Net assets
£176M
-4.1% vs 2024
Employees
60
+1.7% vs 2024
Profit before tax
-£5M
-40% vs 2024
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 | £47,416,000 | £52,590,000 | |
| Operating profit | -£1,183,000 | -£2,489,000 | |
| Profit before tax | -£3,692,000 | -£5,170,000 | |
| Net profit | -£15,013,000 | -£5,822,000 | |
| Cash | £34,577,000 | £61,530,000 | |
| Total assets less current liabilities | £542,554,000 | £667,307,000 | |
| Net assets | £183,524,000 | £175,992,000 | |
| Equity | £183,524,000 | £175,992,000 | |
| Average employees | 59 | 60 | |
| Wages | £3,503,000 | £3,599,000 | |
| Directors' remuneration | £567,000 | £589,000 |
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
+10.9%
£47,416,000 £52,590,000
-
Cash
+78%
£34,577,000 £61,530,000
-
Net assets
-4.1%
£183,524,000 £175,992,000
-
Employees
+1.7%
59 60
-
Operating profit
-110.4%
-£1,183,000 -£2,489,000
-
Profit before tax
-40%
-£3,692,000 -£5,170,000
-
Wages
+2.7%
£3,503,000 £3,599,000
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 | -2.5% | -4.7% | |
| Net margin | -31.7% | -11.1% | |
| Return on capital employed | -0.2% | -0.4% | |
| Gearing (liabilities / total assets) | 68.0% | 74.4% | |
| Current ratio | 1.87x | 3.89x | |
| Interest cover | -0.30x | -0.53x |
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
- CALEDONIAN MARITIME ASSETS LIMITED 2006-10-02 → present
- CALEDONIAN MACBRAYNE LIMITED 1889-05-08 → 2006-10-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the information available to them, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Directors consider it appropriate to continue to adopt the going concern basis in preparing the Financial Statements.”
Group structure
- CALEDONIAN MARITIME ASSETS LIMITED · parent
- Caledonian MacBrayne Limited 1%
Significant events
- “In 2021, the Scottish Government's Infrastructure Investment Plan set out a five-year objective to renew and improve many of our vessel and ports assets.”
- “The MV Glen Sannox was a welcome addition to the fleet and commenced operation in early January 2025 on the Arran route.”
- “In March, the contract to build the seven small "loch class" vessels, was won by Remontowa shipyard in Poland... with the first due to arrive in 2027.”
- “MV Hebridean Isles was retired from the Fleet in November 2024. A recycle and sale project began shortly thereafter. The vessel is recorded in the Accounts as an asset held for sale at the end of the financial year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FERGUSON, Heather Hamilton | Secretary | 2020-11-16 | — | — |
| ANDERSON, James | Director | 2016-04-01 | Aug 1965 | British |
| CRESSWELL, Stuart Peter | Director | 2024-11-15 | Dec 1963 | British |
| FERGUSON, Heather Hamilton | Director | 2020-11-16 | Jun 1968 | British |
| HOBBS, Kevin Peter | Director | 2016-04-01 | Nov 1964 | British |
| MCNEILL, Morag | Director | 2014-05-01 | Jun 1959 | British |
| MUIRHEAD, Ramsay Arthur Macleod | Director | 2019-10-01 | Mar 1975 | British |
| WOOD, Graeme | Director | 2019-10-01 | Sep 1963 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUTON, Gillian Margaret | Secretary | 2018-04-18 | 2020-11-15 |
| KIRKWOOD, James | Secretary | — | 1992-12-31 |
| MCKENZIE, Gordon White | Secretary | 1993-01-01 | 2006-10-01 |
| PETTIGREW, John Bell | Secretary | 2006-10-01 | 2011-06-22 |
| THOMSON, Norman Morris | Secretary | 2011-06-27 | 2018-04-18 |
| BRAND, Robert Gilchrist | Director | 1992-07-22 | 1994-12-31 |
| BRUTON, Gillian Margaret | Director | 2013-05-23 | 2020-11-15 |
| COCHRANE, William Grant | Director | 1990-03-29 | 1993-03-28 |
| CROMBIE, Graeme Henry | Director | 1995-01-01 | 1996-03-31 |
| CROUCHER, Paul William | Director | 2017-08-01 | 2024-08-31 |
| DOCHERTY, Thomas James | Director | 2014-04-23 | 2016-03-31 |
| DOUGLAS, Archibald | Director | — | 1990-03-29 |
| DUERDEN, Kenneth Maclean | Director | 1995-11-01 | 2002-01-23 |
| DUNCAN, Andrew John | Director | 2007-06-18 | 2016-03-31 |
| EASTON, Robert, Sir | Director | 1997-06-13 | 2000-03-31 |
| FORREST, Mark Patrick | Director | 2011-08-01 | 2017-07-31 |
| GILCHRIST, Archibald | Director | 1990-03-29 | 1997-03-31 |
| GILLIES, Ian | Director | 2006-05-01 | 2006-10-01 |
| GOLD, Alexander Muncie | Director | 1997-04-01 | 2003-03-31 |
| GRAHAM, Anthony Ronald | Director | 2017-08-01 | 2019-02-28 |
| GRIER, Scott | Director | 1996-09-04 | 2006-09-30 |
| HART, David Murray | Director | 2006-10-23 | 2007-01-11 |
| HAYES, William Kevin | Director | 2002-10-28 | 2003-07-21 |
| IRWIN, Ian Sutherland | Director | — | 1990-03-29 |
| JOHNSTON, Grenville Shaw, Lt Colonel | Director | 2006-11-08 | 2014-04-30 |
| KERR, John | Director | 2004-08-17 | 2006-10-01 |
| LAIDLAW, Graham Mcgregor | Director | 2006-10-23 | 2007-01-11 |
| LYNCH, Alexander Mckay | Director | 2002-07-23 | 2006-11-08 |
| MACDONALD, Alexander Allan | Director | 2003-04-01 | 2006-10-01 |
| MACKENZIE, Fiona | Director | 2006-10-23 | 2007-01-11 |
| MACKENZIE, Kenneth Harris Macintyre | Director | 1990-03-29 | 1993-03-28 |
| MACLENNAN, Murdo | Director | 2022-10-01 | 2025-09-30 |
| MACLEOD, George Vincent | Director | 1990-03-29 | 1999-03-31 |
| MACLEOD, Kenneth | Director | 2006-11-08 | 2014-04-30 |
| MACLEOD, Lorne Buchanan | Director | 2006-05-01 | 2006-10-01 |
| MACPHERSON, John Alick | Director | 2000-07-01 | 2005-12-01 |
| MARTIN, Duncan | Director | 1990-03-29 | 1997-03-31 |
| MCGIBBON, David Campbell | Director | 2006-05-01 | 2006-10-01 |
| MCKAY, Ronald John | Director | 1992-03-04 | 2002-01-23 |
| MCNEILL, Ronald Swift | Director | — | 1990-04-12 |
| MCNEILL, Thomas Campbell | Director | 1995-01-01 | 2004-08-17 |
| MILLS, Harold Hernshaw | Director | 1999-08-01 | 2006-07-31 |
| NICOLSON, John Alick | Director | 1999-04-01 | 2006-03-31 |
| OSTERGAARD, Erik Jorgen | Director | 2006-11-08 | 2021-12-31 |
| PATERSON, Colin Stuart | Director | — | 1997-07-31 |
| PLATTEN, Guy St John | Director | 2007-08-01 | 2014-02-28 |
| PRESTON, Philip Godfrey | Director | 2004-08-25 | 2006-10-01 |
| RANKIN, Neil Erskine, Rear Admiral | Director | 1996-08-01 | 1999-07-31 |
| RITCHIE, Patricia Anne | Director | 1993-05-12 | 2002-03-31 |
| ROXBURGH, Malcolm Stuart | Director | — | 1990-03-29 |
| SANGSTER, Anthony Edward | Director | 1992-08-17 | 1995-05-31 |
| SILLARS, Evelyn Murdoch | Director | 1990-03-29 | 1993-03-28 |
| SIMKINS, John Anthony Benjamin | Director | 1997-08-01 | 2000-11-24 |
| SINCLAIR, William Lawrie | Director | 2000-12-18 | 2006-11-08 |
| SPENCER, Lorna Elizabeth | Director | 2007-07-30 | 2019-06-14 |
| STARK, John | Director | — | 1990-03-29 |
| STRUTHERS, Alastair James | Director | 1990-01-01 | 1994-12-31 |
| TARRY, Mark Ian | Director | 2024-11-15 | 2026-03-13 |
| THOMSON, William Andrew Charles | Director | 2002-10-01 | 2004-06-28 |
| TIMMS, Peter Kenneth | Director | 2000-07-01 | 2006-11-08 |
| WHYTE, Alistair Morrison | Director | 2011-08-01 | 2017-07-31 |
| SECRETARY OF STATE FOR SCOTLAND | Corporate Director | 1990-04-02 | 1991-04-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Ministers | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 371 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-26 | AA | accounts | Accounts with accounts type full | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-04 | AA | accounts | Accounts with accounts type full | |
| 2023-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-25 | CH01 | officers | Change person director company with change date | |
| 2023-04-25 | CH01 | officers | Change person director company with change date | |
| 2023-04-20 | CH01 | officers | Change person director company with change date | |
| 2023-04-20 | CH03 | officers | Change person secretary company with change date | |
| 2023-04-20 | CH01 | officers | Change person director company with change date | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.