THE FELIXSTOWE DOCK AND RAILWAY COMPANY
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Cash
£17K
-97% vs 2023
Net assets
£382M
+1% vs 2023
Employees
2,532
-0.2% vs 2023
Profit before tax
£100M
+33% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £347,281,000 | £392,973,000 | |
| Operating profit | £79,907,000 | £105,807,000 | |
| Profit before tax | £74,887,000 | £99,632,000 | |
| Net profit | £57,013,000 | £75,550,000 | |
| Cash | £567,000 | £17,000 | |
| Total assets less current liabilities | £727,730,000 | £755,954,000 | |
| Net assets | £378,096,000 | £381,717,000 | |
| Equity | £378,096,000 | £381,717,000 | |
| Average employees | 2,536 | 2,532 | |
| Wages | £124,630,000 | £139,193,000 | |
| Directors' remuneration | £597,000 | £565,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+13.2%
£347,281,000 £392,973,000
-
Cash
-97%
£567,000 £17,000
-
Net assets
+1%
£378,096,000 £381,717,000
-
Employees
-0.2%
2,536 2,532
-
Operating profit
+32.4%
£79,907,000 £105,807,000
-
Profit before tax
+33%
£74,887,000 £99,632,000
-
Wages
+11.7%
£124,630,000 £139,193,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 23.0% | 26.9% | |
| Net margin | 16.4% | 19.2% | |
| Return on capital employed | 11.0% | 14.0% | |
| Gearing (liabilities / total assets) | 54.6% | 55.4% | |
| Current ratio | 1.03x | 0.83x | |
| Interest cover | 7.06x | 9.26x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of an intermediate parent company, Hutchison Ports Europe Limited. The directors have received confirmation that Hutchison Ports Europe Limited intend to support the company for at least one year after these financial statements are signed. The directors have considered all relevant factors within the going concern period including whether there could be a change in control.”
Group structure
- THE FELIXSTOWE DOCK AND RAILWAY COMPANY · parent
- Maritime Cargo Processing plc 0.6396%
Significant events
- “Geopolitical risks in the financial year and continuing into 2025 have impacted on international trade and stem principally from risks to commercial vessels in the Red Sea resulting in disrupted shipping schedules and the re-routing of vessels via the Cape of Good Hope, the Russia-Ukraine conflict and US-China trade tensions creating uncertainty around tariffs and trade restrictions affecting container traffic.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULLETT, Simon Richard | Secretary | 2010-03-01 | — | — |
| CHENG, Clemence Chun Fun | Director | 2001-06-30 | Dec 1958 | British |
| IP, Sing Chi | Director | 2014-01-01 | Aug 1953 | Chinese |
| LAWRENCE, Andrew Steven | Director | 2019-12-27 | Jan 1973 | British |
| MULLETT, Simon Richard | Director | 2019-12-27 | Jul 1964 | British |
| SIXT, Frank John | Director | 2016-07-21 | Nov 1951 | Canadian |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Francis Christopher | Director | 2020-12-07 | 2021-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Port Of Felixstowe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 23 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-22 | CH01 | officers | Change person director company with change date | |
| 2024-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2023-01-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-09-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.