TARGE TOWING LIMITED
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Cash
—
Latest balance sheet
Net assets
£56M
+22.9% highest in 3 filed years
Employees
64
+12.3% highest in 3 filed years
Profit before tax
£14M
+6.5% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,031,000 | £23,036,000 | £26,885,000 | +16.7% | |
| Operating profit | £11,821,000 | £12,236,000 | £13,208,000 | +7.9% | |
| Profit before tax | £12,497,000 | £12,945,000 | £13,785,000 | +6.5% | |
| Net profit | £9,526,000 | £11,921,000 | £10,337,000 | -13.3% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £34,328,000 | £47,139,000 | £58,418,000 | +23.9% | |
| Net assets | £33,272,000 | £45,193,000 | £55,530,000 | +22.9% | |
| Equity | £33,272,000 | £45,193,000 | £55,530,000 | +22.9% | |
| Average employees | 53 | 57 | 64 | +12.3% | |
| Wages | £3,445,000 | £4,064,000 | £4,792,000 | +17.9% | |
| Directors' remuneration | £267,000 | £272,000 | £191,000 | -29.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 53.7% | 53.1% | 49.1% | |
| Net margin | 43.2% | 51.7% | 38.4% | |
| Return on capital employed | 34.4% | 26.0% | 22.6% | |
| Gearing (liabilities / total assets) | 8.9% | 10.2% | — | |
| Current ratio | 6.78x | 7.33x | 9.23x |
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 2 times since incorporation
- TARGE TOWING LIMITED 1991-08-14 → present
- PETERHEAD TUGS LIMITED 1991-07-16 → 1991-08-14
- CREDITVERSE LIMITED 1991-05-09 → 1991-07-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the Group will be able to meet its financial obligations as they fall due and has adequate resources to continue in operational existence for the foreseeable future as demonstrated by the net current asset position of £23,178k (2024 - £20,273k). On this basis, and with a letter of support from the Group, the Directors of the Company therefore have a reasonable expectation that the Group will be able to support the Company for the foreseeable future, being at least 12 months from the signing of this report. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “A further tug has been ordered and will join the fleet in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMYTH, Pamela June | Secretary | 2021-01-08 | — | — |
| DORMAN, Nicholas Rodger Vause, Captaini | Director | 1991-08-30 | Feb 1965 | British |
| MACGREGOR, Stuart Alastair | Director | 2024-12-09 | Feb 1971 | British |
| WALLACE, Stuart James | Director | 2021-01-08 | Apr 1970 | British |
| WOOLLEY, Thomas Richard | Director | 1991-06-17 | Dec 1946 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WOOLLEY, Josephine Elizabeth Hathaway | Secretary | 1991-06-17 | 2021-01-08 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 1991-05-09 | 1991-06-17 |
| CLOODTS, Marc Karel Emmanuel Maria | Director | 1994-01-01 | 2021-01-08 |
| CRAN, Carole Jean | Director | 2021-01-08 | 2024-11-08 |
| HAMMOND, Charles Graham | Director | 2021-01-08 | 2024-06-30 |
| MANNING, Charles Philip Warner | Director | 2007-05-21 | 2010-03-22 |
| WOOLLEY, Josephine Elizabeth Hathaway | Director | 1991-06-17 | 2021-01-08 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 1991-05-09 | 1991-06-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Forth Ports Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-08 | Active |
| Mr Thomas Richard Woolley | Individual | Voting 50–75% | 2016-07-01 | Ceased 2021-01-08 |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-03-23 | AA | accounts | Accounts with accounts type small | |
| 2021-01-14 | AA01 | accounts | Change account reference date company current extended | |
| 2021-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.