P&O EUROPEAN FERRIES (IRISH SEA) LIMITED

1. P&O EUROPEAN FERRIES (IRISH SEA) LIMITED 1997-11-01 → present
2. P&O EUROPEAN FERRIES (FELIXSTOWE) LIMITED 1987-10-22 → 1997-11-01
3. ATLANTIC STEAM NAVIGATION COMPANY LIMITED 1936-09-05 → 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 for the following reasons. Following several years of disruption, with the Covid 19 pandemic and other challenges, 2024 was another year of transformation and recovery for the Intermediate Parent Company Group. Losses have stabilised and since 31 December 2024 and up to the date of approval of these accounts the Intermediate Parent Company Group has taken further actions to improve and strengthen its financial position. Further, via a letter of support, DP World Limited has indicated that it will make available necessary funding over the period of assessment of going concern.”

Group structure

1. P&O EUROPEAN FERRIES (IRISH SEA) LIMITED · parent
   1. Norbay (UK) Limited 100% · United Kingdom · Leasing
   2. P&O European Ferries (Bahamas) Limited 100% · Bahamas · Dormant
   3. P&O Ship Management Dormant (Irish Sea) Limited 100% · United Kingdom · Dormant

Significant events

• “In April 2025, the Company sold the vessel Norbank to a related party, another wholly owned subsidiary of DP World Limited, for £13.5m. Net proceeds were paid to the P&O Ferries Division 2008 pension scheme.”
• “In June 2025, the Group gave notice of its intention to exercise a break clause in its contract at the port of Teesport and is expected to cease operation of its Teesport to Zeebrugge route in August 2025.”

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

Filings

16

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

  -18.2%

  £91,140,000 → £74,530,000

• Cash

  +138.7%

  £7,258,000 → £17,323,000

• Net assets

  +1.7%

  -£140,565,000 → -£138,137,000

• Employees

  —

  Not reported

• Operating profit

  +102.8%

  -£12,373,000 → £342,000

• Profit before tax

  +89.4%

  -£15,477,000 → -£1,639,000

• Wages

  -28.4%

  £6,238,000 → £4,468,000

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