SCHENKER LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.4 to the financial statements which specifies that on September 13th, 2024, an agreement was signed meaning that an entity, DSV, will acquire 100% of Schenker AG and its affiliates. The transaction was completed on 30 April 2025, however at the time of signing this opinion the future strategic direction and support to be provided from DSV to Schenker Limited are uncertain as integration is on-going. As a result, Schenker Limited is currently unable to accurately assess the impact of the sale on its business. These events and conditions, along with the other matters explained in note 2.4, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SCHENKER LIMITED 1999-07-12 → present
2. SCHENKERS LIMITED 1943-11-16 → 1999-07-12

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

Material uncertainty disclosed

“We draw attention to note 2.4 to the financial statements which specifies that on September 13th, 2024, an agreement was signed meaning that an entity, DSV, will acquire 100% of Schenker AG and its affiliates. The transaction was completed on 30 April 2025, however at the time of signing this opinion the future strategic direction and support to be provided from DSV to Schenker Limited are uncertain as integration is on-going. As a result, Schenker Limited is currently unable to accurately assess the impact of the sale on its business. These events and conditions, along with the other matters explained in note 2.4, constitute a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

Group structure

1. SCHENKER LIMITED · parent
   1. Maritime Cargo Processing Plc 0.5% · England & Wales · IT Systems Development

Significant events

• “On September 13th 2024, DSV signed an agreement with Deutsche Bahn to acquire 100% of Schenker AG and its affiliates. The sale was completed in April 2025.”
• “From 1st May 2025, DSV is the ultimate parent of Schenker Limited.”
• “In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain historical pension changes due to the lack of actuarial confirmation required by law. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. The conclusions reached by the court in this case may have implications for other UK defined benefit plans. The Company and pension trustees are currently considering the implications of the case for the Schenker Limited pension fund and Schenker Limited retirement benefit scheme”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +8.9%

  £296,318,000 → £322,644,000

• Cash

  -6.3%

  £20,356,000 → £19,073,000

• Net assets

  +17%

  £43,209,000 → £50,549,000

• Employees

  -7.8%

  1,181 → 1,089

• Operating profit

  -1.4%

  £6,764,000 → £6,671,000

• Profit before tax

  -6.1%

  £7,566,000 → £7,107,000

• Wages

  -3.4%

  £50,071,000 → £48,349,000

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