ISLES OF SCILLY STEAMSHIP COMPANY LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-01 (in 7mo)
Last made up 2025-11-17
Watchouts
None on the register
Cash
£7M
-2.4% vs 2024
Net assets
£22M
+16.1% vs 2024
Employees
214
+2.4% vs 2024
Profit before tax
£3M
+3% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £21,314,000 | £21,688,000 | |
| Operating profit | £2,926,000 | £3,117,000 | |
| Profit before tax | £2,954,000 | £3,042,000 | |
| Net profit | £2,946,000 | £3,044,000 | |
| Cash | £7,336,000 | £7,162,000 | |
| Total assets less current liabilities | £21,118,000 | £37,274,000 | |
| Net assets | £18,877,000 | £21,921,000 | |
| Equity | £18,877,000 | £21,921,000 | |
| Average employees | 209 | 214 | |
| Wages | £6,419,000 | £6,968,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 13.7% | 14.4% | |
| Net margin | 13.8% | 14.0% | |
| Return on capital employed | 13.9% | 8.4% | |
| Current ratio | 1.06x | 1.00x | |
| Interest cover | 47.19x | 18.44x |
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
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Group structure
- ISLES OF SCILLY STEAMSHIP COMPANY LIMITED · parent
- Isles of Scilly Skybus Limited 100%
- Land's End Airport Limited 100%
- Isles of Scilly Shipping Company Limited 100%
- Lyonesse Shipping Company Limited 100%
- Lyonesse Air Transport Limited 100%
- Island Carriers Limited 100%
- Isles of Scilly Shipping (Guernsey) Limited 100%
- Dormant Company 09887016 Limited 100%
- Isles of Scilly Travel Limited 100%
- Lyonesse Shipping Company 1 Limited 100%
- Lyonesse Shipping Company 2 Limited 100%
- Lyonesse Shipping Company 3 Limited 100%
- Isles of Scilly Property Holdings Limited 100%
Significant events
- “Progress on the build of our new vessels, Scillonian IV and Menawethan, continues apace. We look forward to welcoming our new vessels in 2026.”
- “In January we appointed Jonathan Hinkles to head up Skybus and the recently announced deal with Aurigny to run two Twin Otters on the Guernsey to Alderney route for them already demonstrates the opportunities available to us if we think and act more entrepreneurially.”
- “The Group has recently been named Business of the Year in the Maritime UK awards, a prestigious award that honours excellence, innovation, and exceptional achievements in the maritime industry.”
- “On 18 January 2024, the Group signed contracts with shipbuilder Piriou for the construction of a new passenger ferry, Scillonian IV and new cargo vessel, Menawethan.”
- “Work on the new vessels in Vietnam continues at pace. Following the steel cutting ceremony held on 25 June 2024 and the keel laying ceremony in October 2024 the project is now in its latter stages.”
- “A new strategic partnership with Aurigny Air Services, announced in June 2025, provides strong commercial prospects and an example of our ambition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PIPER, Judith Eva | Secretary | 2020-02-26 | — | — |
| BASSETT, Sonya | Director | 2020-03-01 | Sep 1975 | British |
| GEORGE, Kevin Alan | Director | 2019-09-01 | Nov 1956 | British |
| HICKS, Sam | Director | 2017-07-21 | Oct 1977 | British |
| HICKS, Stephen Martin | Director | 2018-09-05 | Dec 1954 | British |
| HOWARD, Ian Philip | Director | 2019-02-01 | Jun 1955 | British |
| PIPER, Judith Eva | Director | 2019-05-16 | Jun 1974 | British |
| RANDALL, Gary Robert | Director | 2018-08-30 | Jul 1966 | British |
| REID, Stuart Kenneth | Director | 2015-06-01 | Sep 1979 | British |
| WALDER, Andrew James | Director | 2024-03-01 | Apr 1979 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHRISTOPHER, Kenneth Nicholas | Secretary | — | 1999-01-14 |
| MARSTON, Jeffrey | Secretary | 2001-01-08 | 2013-09-11 |
| REID, Stuart Kenneth | Secretary | 2013-09-11 | 2020-02-26 |
| SMALE, Christopher William | Secretary | 1999-01-14 | 2001-01-05 |
| BANFIELD, John Russell | Director | — | 2003-09-17 |
| BANFIELD, Roger William | Director | — | 2012-09-12 |
| CHRISTOPHER, Kenneth Nicholas | Director | — | 2003-07-10 |
| DUNCAN, Harry Roy | Director | — | 2013-09-11 |
| EAST, John Hilary Mortlock | Director | 2004-04-08 | 2013-09-11 |
| GOLDSMITH, Robert John | Director | 2014-05-16 | 2017-11-24 |
| HARDAKER, Peter Derek | Director | 2003-09-11 | 2020-10-14 |
| HICKS, Michael | Director | — | 2001-09-19 |
| HOWARTH, Mark Burnley | Director | 2013-04-18 | 2018-07-27 |
| LANGDON, Gerald Edward | Director | — | 1998-04-02 |
| MARQUIS, Simon John | Director | 2014-05-16 | 2017-06-04 |
| MARSTON, Jeffrey | Director | 2004-10-14 | 2014-02-04 |
| MAY, Andrew John | Director | — | 2019-03-31 |
| NICHOLLS, Richard John | Director | — | 2004-09-15 |
| ROGERS, Diccon Stideford | Director | 2013-10-17 | 2018-09-24 |
| SMALE, Christopher William | Director | 1998-02-05 | 2001-01-05 |
| WALDER, Julia Margaret | Director | 1998-05-07 | 2015-09-09 |
| WARD, Barneslie Cravath | Director | — | 1998-02-05 |
| WARD, Terence Barnes | Director | — | 2017-09-13 |
| WIEKENS, Hendrik | Director | 2018-09-05 | 2019-08-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 220 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-10-13 | AA | accounts | Accounts with accounts type group | |
| 2024-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-24 | CH01 | officers | Change person director company with change date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-16 | AA | accounts | Accounts with accounts type group | |
| 2023-12-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-28 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-03-23 | SH01 | capital | Capital allotment shares | |
| 2023-01-03 | AA | accounts | Accounts with accounts type group | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.8%
£21,314,000 £21,688,000
-
Cash
-2.4%
£7,336,000 £7,162,000
-
Net assets
+16.1%
£18,877,000 £21,921,000
-
Employees
+2.4%
209 214
-
Operating profit
+6.5%
£2,926,000 £3,117,000
-
Profit before tax
+3%
£2,954,000 £3,042,000
-
Wages
+8.6%
£6,419,000 £6,968,000
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