INCHCAPE SHIPPING SERVICES (UK) LTD

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

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

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The Directors have not prepared individual cash flow forecasts for the Company and have instead considered the Group going concern assessment performed at the EndeavourCo TopCo Limited Group level, because the Company does not contribute material cashflows to the Group, but instead supports the operations of the Group. The Directors of EndeavourCo TopCo Limited have prepared cash flow forecasts and a going concern assessment for a period of 12 months from the date of approval of these financial statements which indicates that, in both the base case and severe but plausible downsides, the Company will have sufficient funds to meet its liabilities as they fall due through funding from its intermediate parent company, Beagle Midco Limited. Beagle Midco Limited has indicated its intention to continue to make available such funds as are needed by the Company for the period covered by the forecasts. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that that support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Significant events

• “Subsequent to the Balance Sheet date, the company entered into a lease agreement for new office premises. The lease commenced in February 2025 and has an initial term of 10 years. The company recognised a £1.2m of right-of-use asset and a £1.2m lease liability at the commencement of the lease.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.

• Turnover

  -12.9%

  £17,667,000 → £15,393,000

• Cash

  -33.6%

  £5,183,000 → £3,441,000

• Net assets

  -37.9%

  £1,121,000 → £696,000

• Employees

  -7%

  445 → 414

• Operating profit

  -270.6%

  £446,000 → -£761,000

• Profit before tax

  -391.6%

  £429,000 → -£1,251,000

• Wages

  -9%

  £12,048,000 → £10,961,000

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