P&O FERRIES LIMITED

1. P&O FERRIES LIMITED 2002-10-15 → present
2. P&O STENA LINE LIMITED 1998-03-10 → 2002-10-15
3. P&O EUROPEAN FERRIES (DOVER) LIMITED 1987-10-22 → 1998-03-10
4. TOWNSEND CAR FERRIES LIMITED 1929-03-02 → 1987-10-22

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

Just Audit & Assurance Ltd

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. The Company forms part of the P&O Ferries Division Holdings Group. DP World Limited has indicated that it will make available necessary funding over the period of assessment of going concern.”

Significant events

• “Following delivery of the new vessels for the Dover-Calais route and the medium-term charter of the Longstone on North Sea routes in previous financial periods, the Company expects to take delivery of the Lismore in December 2025, underlining the intent to expand the North Sea network.”
• “As part of the refocusing in the North Sea, the Intermediate Parent Company Group has taken the decision to close the Teesport-Zeebrugge route in the second half of 2025.”
• “In September 2025, as part of its ongoing transformation programme, the Company sold its offices in Dover and is expected to fully exit the premises by the end of the year.”
• “In May 2025 the lease of the Longstone was novated to P&O North Sea Ferries BV.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -21.5%

  £114,100,000 → £89,588,000

• Cash

  +31.9%

  £1,456,000 → £1,921,000

• Net assets

  +14.5%

  -£75,087,000 → -£64,231,000

• Employees

  -8.5%

  695 → 636

• Operating profit

  -60.1%

  £5,397,000 → £2,154,000

• Profit before tax

  -65.4%

  £2,068,000 → £716,000

• Wages

  -5.6%

  £30,987,000 → £29,259,000

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