CALMAC FERRIES LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have assessed that these accounts are prepared on a going concern basis, however highlighting a material uncertainty, due to the timing of the direct award decision and the future provision of CHFS services from 1 October 2025.

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

• Turnover

  +11.4%

  £295,791,000 → £329,401,000

• Cash

  +25.3%

  £31,515,000 → £39,488,000

• Net assets

  +33.4%

  £15,515,000 → £20,694,000

• Employees

  +9.3%

  731 → 799

• Operating profit

  +76.4%

  £3,094,000 → £5,459,000

• Profit before tax

  +94.7%

  £2,948,000 → £5,740,000

• Wages

  +9.2%

  £28,713,000 → £31,367,000

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have assessed that these accounts are prepared on a going concern basis, however highlighting a material uncertainty, due to the timing of the direct award decision and the future provision of CHFS services from 1 October 2025.”

Group structure

1. CALMAC FERRIES LIMITED · parent
   1. Caledonian MacBrayne Crewing (Guernsey) Limited 1% · Guernsey · offshore crewing arrangements

Significant events

• “Secured an extension of the Clyde and Hebrides Ferry Services (CHFS) contract until 30 September 2025.”
• “Delivered MV Glen Sannox to passenger service in January 2025, the first large vessel to join our fleet in over a decade.”
• “Anticipate delivery of MV Isle of Islay within the calendar year and MV Loch Indaal in early 2026, followed by MV Glen Rosa, MV Lochmor, and MV Claymore during 2026/27.”
• “Overall Satisfaction (OSAT) among island-based respondents increased from 66.7% in August 2024 to 75% in March 2025, representing a 12% improvement over that period.”
• “Retail revenue reached £8.9 million, below the expected £10.8 million, due to several vessel disruptions, lengthy absence of MV Caledonian Isles, retirement of MV Hebridean Isles, and reduction of passenger numbers on MV Isle of Mull.”
• “Brand reputation score increased to 73.3%, supported by strategic marketing campaigns and partnerships with local tourism bodies.”
• “We carried over 5.0 million passengers, and 1.4 million cars, a slight decrease of 2.0% and 1.7% on prior year carryings. We also transported 81,995 commercial vehicle metres in the year, which reflect an increase of 3.1% on prior year.”
• “On 23 September 2025, the Board signed the 10-year Clyde & Hebrides Ferry Services contract (CHFS3) and associated agreements with the Scottish Ministers. The agreements became effective on 1 October 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.