CHARLES M.WILLIE & CO.(SHIPPING)LIMITED

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 102

Reporting scope

Consolidated group

Auditor

MHA (trading name of MHA Audit Services LLP)

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 and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CHARLES M.WILLIE & CO.(SHIPPING)LIMITED · parent
   1. Charles M Willie & Co (Property) Limited 52% · Wales · Investment property
   2. Sadlers Hair & Beauty Salon Limited 100% · UK · Hair & Beauty

Significant events

• “The company purchased 1 ship the Celtic Voyager (built 2009), while the Celtic Freedom (built 2002) was sold.”
• “The Celtic Venture was sold in December 2024 (at a level not too dissimilar to the previous 2 ship sales) and the new Celtic Mariner (sister to the Celtic Voyager) was purchased in March 2025.”
• “In addition the company has entered into a joint venture with its German partners to have at least 1 new ship built in the far east over the next 2 years, with the option of a 2nd.”
• “On 16 December 2024 the company completed on the sale of a ship. The sale of the ship at an agreed sales price of 3,975,000 Euros has resulted in a profit, after associated sale costs, of £2,008,885 (pre-tax).”
• “On 13 December 2024 the company entered into a partnership agreement registered in Hamburg. The objective of the partnership is the acquisition and operation of a vessel of 5,900 dwt currently under construction.”

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

Filings

18

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

  -13.9%

  £50,504,686 → £43,471,168

• Cash

  -29.8%

  £4,620,551 → £3,243,365

• Net assets

  +7.4%

  £22,611,509 → £24,282,027

• Employees

  -5.1%

  138 → 131

• Operating profit

  -47.6%

  £12,068,845 → £6,318,377

• Profit before tax

  -64.7%

  £8,435,818 → £2,975,379

• Wages

  -2.3%

  £6,128,619 → £5,987,207

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