MACDUFF SHIPYARDS LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2027-04-18 (in 11mo)
Last made up 2026-04-04
Watchouts
Cash
£10M
+22.7% vs 2024
Net assets
£23M
+12.1% vs 2024
Employees
212
-1.9% vs 2024
Profit before tax
£3M
+31.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2025-02-28
| Metric | Trend | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £29,080,835 | £28,104,420 | |
| Operating profit | — | — | — | £2,338,444 | £3,043,111 | |
| Profit before tax | — | — | — | £2,659,605 | £3,492,120 | |
| Net profit | — | — | — | £2,030,011 | £2,576,198 | |
| Cash | — | — | — | £8,038,440 | £9,867,028 | |
| Total assets less current liabilities | — | — | — | £24,686,606 | £27,063,633 | |
| Net assets | — | — | — | £20,780,465 | £23,302,493 | |
| Equity | £17,122,090 | £16,787,259 | £18,804,624 | £20,780,465 | £23,302,493 | |
| Average employees | — | — | — | 216 | 212 | |
| Wages | — | — | — | £8,984,111 | £9,158,892 | |
| Directors' remuneration | — | — | — | £427,462 | £595,864 |
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 2025-02-28 vs 2024-02-29
-
Turnover
-3.4%
£29,080,835 £28,104,420
-
Cash
+22.7%
£8,038,440 £9,867,028
-
Net assets
+12.1%
£20,780,465 £23,302,493
-
Employees
-1.9%
216 212
-
Operating profit
+30.1%
£2,338,444 £3,043,111
-
Profit before tax
+31.3%
£2,659,605 £3,492,120
-
Wages
+1.9%
£8,984,111 £9,158,892
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 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.0% | 10.8% | |
| Net margin | — | — | — | 7.0% | 9.2% | |
| Return on capital employed | — | — | — | 9.5% | 11.2% | |
| Current ratio | — | — | — | 3.23x | 3.15x | |
| Interest cover | — | — | — | 26.57x | 31.12x |
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 4 times since incorporation
- MACDUFF SHIPYARDS LIMITED 1990-11-05 → present
- MACDUFF BOATBUILDING & ENGINEERING COMPANY LIMITED 1990-08-22 → 1990-11-05
- MACDUFF SHIPYARDS LIMITED 1984-12-31 → 1990-08-22
- MACDUFF BOATBUILDING AND ENGINEERING CO LIMITED 1984-12-31 → 1990-08-22
- CROMDALE FISHING COMPANY LIMITED 1977-10-10 → 1984-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LC SECRETARIES LIMITED | Corporate Secretary | 2019-04-02 | — | — |
| HEPBURN, David | Director | 2024-02-07 | Mar 1972 | British |
| MCCANN, Rory | Director | 2022-05-05 | Jan 1974 | British |
| RITCHIE, Clifford Lawrence | Director | — | Apr 1958 | British |
| WATT, John | Director | — | Nov 1956 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| A C MORRISON & RICHARDS | Corporate Secretary | — | 1996-02-01 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 2006-04-01 | 2019-04-02 |
| LEDINGHAM CHALMERS LLP | Corporate Secretary | 1996-02-01 | 2006-04-01 |
| BLACKHALL, Eric | Director | — | 2004-02-27 |
| FARQUHAR, William | Director | — | 2015-11-17 |
| MACLEOD, Roderick | Director | 1999-05-31 | 2022-02-28 |
| REID, Andrew | Director | — | 1999-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Clifford Lawrence Ritchie | Individual | Shares 25–50%, Voting 25–50% | 2016-11-23 | Ceased 2024-06-14 |
| Mr John Watt | Individual | Shares 25–50%, Voting 25–50% | 2016-11-23 | Active |
Filing timeline
Last 20 of 190 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-26 RESOLUTIONS Resolution
- 2024-09-12 RESOLUTIONS Resolution
- 2024-06-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-26 | SH08 | capital | Capital name of class of shares | |
| 2026-02-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-27 | AA | accounts | Accounts with accounts type full | |
| 2025-09-19 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-08-22 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-04-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-18 | SH08 | capital | Capital name of class of shares | |
| 2024-09-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-06-20 | SH08 | capital | Capital name of class of shares | |
| 2024-06-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-31 | CH01 | officers | Change person director company with change date | |
| 2024-01-31 | CH01 | officers | Change person director company with change date | |
| 2023-12-11 | MR05 | mortgage | Mortgage charge part release with charge number |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- 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.