SVITZER MARINE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-18 (in 7mo)
Last made up 2025-12-04
Watchouts
Cash
£9K
Latest balance sheet
Net assets
£161M
-5.4% vs 2023
Employees
395
-2% vs 2023
Profit before tax
-£9M
+30.4% vs 2023
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
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £121,617,000 | £127,259,000 | |
| Operating profit | -£13,833,000 | -£6,712,000 | |
| Profit before tax | -£13,149,000 | -£9,155,000 | |
| Net profit | -£12,712,000 | -£9,122,000 | |
| Cash | — | £9,000 | |
| Total assets less current liabilities | £170,911,000 | £161,323,000 | |
| Net assets | £170,508,000 | £161,295,000 | |
| Equity | £170,508,000 | £161,295,000 | |
| Average employees | 403 | 395 | |
| Wages | £25,293,000 | £27,548,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -11.4% | -5.3% | |
| Net margin | -10.5% | -7.2% | |
| Return on capital employed | -8.1% | -4.2% | |
| Gearing (liabilities / total assets) | 12.5% | 15.0% | |
| Current ratio | 1.34x | 1.22x | |
| Interest cover | -73.19x | -8.43x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the Company is well placed to manage its business risks successfully despite the current uncertain economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- SVITZER MARINE LIMITED · parent
- Felixarc Marine Ltd. 100%
- Svitzer (Barbados) Ltd. 50%
- Svitzer Terminals Ltd. 100%
Significant events
- “During the year-to 31 December 2024, the Company underwent a demerger from A.P. Møller - Maersk A/S on 30 April 2024 and became an indirect subsidiary of Svitzer Group A/S.”
- “On 2 April 2025, A.P. Møller Holding's subsidiary company APMH Invest A/S made a voluntary purchase offer for all issued shares in Svitzer Group A/S. The share purchase was completed on 16 May 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NOAKES, David | Secretary | 2022-06-07 | — | — |
| BAKER, Scott Robert | Director | 2023-07-05 | Nov 1970 | British |
| NOAKES, David Anthony | Director | 2022-06-07 | Jun 1965 | British |
| PATERSON, Michael Paul | Director | 2023-01-03 | Jan 1968 | British |
| SCHOT, Matthijs | Director | 2018-03-01 | Jul 1975 | Dutch |
| VAN DIJK, Arie | Director | 2026-03-23 | Nov 1975 | Dutch |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURRY, James Crispin Michael | Secretary | 2001-06-07 | 2006-12-01 |
| NOAKES, David Anthony | Secretary | 2009-08-13 | 2021-06-18 |
| READMAN, Jacqueline | Secretary | 2006-12-01 | 2009-08-13 |
| RICKETTS, John Anthony | Secretary | 2000-02-29 | 2001-06-07 |
| WALLS, Kenneth Charles | Secretary | — | 2000-02-29 |
| BALLE MORTENSEN, Keld Edvard | Director | 2001-08-01 | 2004-05-01 |
| BARTON, Derek John | Director | — | 1992-07-31 |
| BRAMMING, Jesper | Director | 2006-07-17 | 2007-06-01 |
| BROWN, Anthony Howard | Director | 2017-09-13 | 2019-03-29 |
| BUCHANAN, Iain | Director | — | 2000-02-29 |
| CARTER, Peter John | Director | — | 1995-01-22 |
| CURRY, James Crispin Michael | Director | 2001-05-29 | 2009-06-01 |
| DAY, Stephen John | Director | 1997-10-01 | 1998-05-31 |
| DEMANT, Lise | Director | 2020-09-01 | 2025-12-31 |
| DENNISON, Stephen | Director | — | 1997-07-31 |
| DOCHERTY, Thomas James | Director | 2001-05-29 | 2002-07-01 |
| EDWARDS, David Kendrick | Director | 1998-02-02 | 2000-02-29 |
| HILVERDINK, Ieva | Director | 2017-01-17 | 2018-03-01 |
| HOLLINSHEAD, Steven John | Director | 1999-01-01 | 2002-04-24 |
| JELLIS, Stephen | Director | 1995-09-01 | 2000-02-29 |
| LAMBERT, Ian | Director | — | 1995-02-28 |
| LENTHALL, Rodney Desmonde Morgan | Director | — | 1997-12-30 |
| LOK, Jesper Teddy | Director | 2004-06-02 | 2007-06-01 |
| MAGRATH, Duncan Jonathan | Director | 1995-04-21 | 1997-10-01 |
| MALONE, Mark, Captain | Director | 2009-06-01 | 2012-02-17 |
| MCKEATING, Maurice John | Director | 2019-06-04 | 2022-06-07 |
| MCNIVEN, Stuart Hamish | Director | 2002-07-04 | 2006-12-01 |
| MORKEBERG, David | Director | 2006-07-17 | 2007-06-01 |
| MURRAY, Graham Mowatt | Director | 1991-07-01 | 1995-03-31 |
| NIEDERER, Marc Rudolf Pieter | Director | 2012-01-16 | 2017-01-17 |
| NILAUS, Kasper Friis | Director | 2016-12-21 | 2020-09-01 |
| PHILIP, Graham Martin | Director | 1992-07-31 | 2002-07-03 |
| PIETKA, Peter Georg | Director | 2001-08-01 | 2006-03-01 |
| READMAN, Jacqueline | Director | 2007-06-01 | 2012-12-31 |
| RIDDLE, David Ellison | Director | 1998-02-02 | 2000-02-29 |
| SEISTRUP, Lars | Director | 2004-06-02 | 2007-06-01 |
| SPRAGUE, Stephen William | Director | — | 2000-02-29 |
| THOMAS, Peter Robert, Dr | Director | 2001-08-01 | 2003-09-30 |
| THULIN, Nils Rutger | Director | 2012-12-31 | 2016-12-21 |
| VERSCHELDEN, Josephus Petrus Maria | Director | 2001-08-01 | 2004-09-30 |
| WALLS, Kenneth Charles | Director | — | 1994-12-30 |
| WARNER, Neil William | Director | 1994-11-22 | 1994-12-30 |
| WRIGHT, Kenneth | Director | — | 1993-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Apmh Invest A/S | Corporate entity | Shares 75–100% | 2025-05-16 | Active |
| Svitzer Group A/S | Corporate entity | Shares 75–100% | 2024-04-26 | Ceased 2025-05-16 |
| A P Moller Maersk A/S | Corporate entity | Shares 75–100% | 2020-11-16 | Ceased 2024-04-26 |
| Svitzer Holding Uk Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-11-16 |
Filing timeline
Last 20 of 374 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-26 | SH01 | capital | Capital allotment shares | |
| 2025-11-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-06-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-28 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-02-21 | SH01 | capital | Capital allotment shares | |
| 2024-01-03 | AA | accounts | Accounts with accounts type full | |
| 2023-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-29 | AA | accounts | Accounts with accounts type full | |
| 2023-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-01 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 1
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.6%
£121,617,000 £127,259,000
-
Cash
—
Not reported
-
Net assets
-5.4%
£170,508,000 £161,295,000
-
Employees
-2%
403 395
-
Operating profit
+51.5%
-£13,833,000 -£6,712,000
-
Profit before tax
+30.4%
-£13,149,000 -£9,155,000
-
Wages
+8.9%
£25,293,000 £27,548,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers