THE UNITED KINGDOM FREIGHT DEMURRAGE AND DEFENCE ASSOCIATION LIMITED
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Next accounts due
2026-11-20 (in 6mo)
Last filed for 2025-02-20
Confirmation statement due
2026-11-15 (in 6mo)
Last made up 2025-11-01
Watchouts
None on the register
Cash
£5M
+52.6% vs 2024
Net assets
£6M
-4.5% vs 2024
Employees
0
Average over period
Profit before tax
£356K
-54.1% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-02-20
| Metric | Trend | 2024-02-20 | 2025-02-20 |
|---|---|---|---|
| Turnover | £20,330,000 | £19,902,000 | |
| Operating profit | £1,692,000 | -£599,000 | |
| Profit before tax | £775,000 | £356,000 | |
| Net profit | £712,000 | £292,000 | |
| Cash | £3,317,000 | £5,061,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £5,999,000 | £5,730,000 | |
| Equity | £5,999,000 | £5,730,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-20 | 2025-02-20 |
|---|---|---|---|
| Operating margin | 8.3% | -3.0% | |
| Net margin | 3.5% | 1.5% | |
| Gearing (liabilities / total assets) | 84.3% | 84.3% |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements have been prepared on a going concern basis. The Directors consider it appropriate to adopt the going concern basis of accounting in the preparation of these Financial Statements and are not aware of any material uncertainties to the Association's ability to continue to do so for at least 12 months from the date of authorisation of these Financial Statements.”
Group structure
- THE UNITED KINGDOM FREIGHT DEMURRAGE AND DEFENCE ASSOCIATION LIMITED · parent
- The United Kingdom Freight Demurrage and Defence Insurance (Europe) Limited 100%
Significant events
- “Directors have recommended a restructure of the overall operations of the Association and its parallel reinsurer, reducing operations from three entities to two, anticipated to complete following the 2026 year-end.”
- “The counterparty to the Association's 90% reinsurance contract will become a newly established mutual in Cyprus in addition to the Association's subsidiary being closed down, expected to come into effect following 20 February, 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HALPENNY, Kieran Patrick | Secretary | 2009-12-31 | — | British |
| AL NADHAIRI, Ibrahim | Director | 2020-04-30 | Apr 1978 | Omani |
| CAROUSSIS, Isidore Constantine | Director | 2017-03-21 | Oct 1982 | British |
| EVANS, Daniel John | Director | 2016-09-15 | Aug 1966 | British |
| GOULANDRIS, Basil Constantine | Director | 2008-06-19 | Jun 1961 | Canadian |
| GOUMAS, Ghikas | Director | 2019-07-24 | Aug 1965 | Greek |
| HUXLEY, Timothy Scott | Director | 2015-04-23 | Nov 1960 | British |
| KENDALL, Charles Richard | Director | 2009-11-25 | Jul 1962 | British |
| LASKARIDI, Souzana | Director | 2017-01-13 | Dec 1981 | Greek |
| LYKIARDOPULO, Michael Fotis | Director | 1995-06-15 | Jan 1961 | Greek |
| MACLEHOSE, Benjamin Donald Robert | Director | 2019-07-11 | Feb 1981 | British |
| MONTEIRO, Chubasco Antonio | Director | 2023-03-09 | Jan 1969 | Indian |
| NOMIKOS, Markos | Director | 2013-04-18 | Oct 1965 | Greek |
| PAPPAS, Petros | Director | 2001-11-15 | May 1953 | Greek |
| RYCHLY, Christian | Director | 2022-09-15 | Oct 1977 | German |
| STAFYLOPATIS, Themistoklis Alexandros | Director | 2014-11-13 | Jun 1968 | Greek |
| TRIPHYLLIS, Ioannis | Director | 2009-07-20 | May 1971 | Greek |
| WADE, Martyn Richard | Director | 2014-11-13 | Apr 1959 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JARRETT, Ian Richard | Secretary | — | 2009-12-31 |
| ANDRE, Eric Fritz | Director | — | 2025-11-13 |
| ANDREOULAKIS, Stylianos | Director | 1993-11-18 | 2002-09-19 |
| ANGELICOUSSIS, John Anthony | Director | — | 2000-09-21 |
| ARRADON, Francois Eugene | Director | — | 1996-09-19 |
| BERNARD, Alan Victor Simon | Director | — | 2010-06-17 |
| BOTTIGLIERI, Maria | Director | 2006-08-01 | 2022-06-23 |
| COUVADELLI, Alexandra | Director | 2009-02-06 | 2009-03-01 |
| CRAWFORD, Robert Gammie | Director | — | 2010-04-14 |
| D'AMICO, Giuseppe, Captain | Director | 1999-11-17 | 2004-09-16 |
| DECAVELE, Patrick Pascal | Director | 1995-09-21 | 2009-09-17 |
| EMBIRICOS, Epaminondas George | Director | — | 1999-02-20 |
| FRITZNER, Otto Halvorsen | Director | 1993-11-18 | 1997-02-20 |
| GRATSOS, George Alkimos | Director | — | 2021-11-18 |
| HADJIELEFTHERIADIS, Gregory | Director | — | 1993-03-18 |
| HAKSTEEG, Antonius Adrianus | Director | — | 1995-01-21 |
| HASHIM, Munir | Director | 1999-11-17 | 2014-11-13 |
| HATGIS, John | Director | — | 2003-09-18 |
| KUDO, Takumi | Director | 2017-05-24 | 2018-09-20 |
| KULUKUNDIS, Miltiades Alexander | Director | — | 1993-03-18 |
| LASKARIDIS, Panagiotis | Director | — | 2015-06-18 |
| MANTHOS, Antony Dimitri | Director | 1999-11-17 | 2007-11-08 |
| MARCANTONAKIS, Maria Erasmia | Director | — | 2004-09-16 |
| MCCLURE, Timothy John Theo | Director | 1995-06-15 | 2014-07-04 |
| MEIER, Wilhelm Paul Gunter | Director | 1993-09-16 | 1996-03-21 |
| MOUSKAS, Zenon | Director | — | 1997-11-20 |
| MURRAY, James Stewart | Director | — | 1999-05-20 |
| PALIOS, Simos | Director | 2004-09-27 | 2021-09-16 |
| PATERAS, Michael | Director | 1993-11-18 | 2023-11-16 |
| SULSER, Giorgio | Director | — | 1994-01-20 |
| TAN, Chin Hee | Director | 2006-08-01 | 2017-04-27 |
| VALLAT, Francis Andre | Director | — | 1994-11-30 |
| VAN DER WESTHUYSEN, Willem Daniel | Director | 2016-09-15 | 2016-09-15 |
| VOGT, Paul Johan | Director | — | 2008-09-29 |
| WESTON, Gary Raymond Douglas | Director | 2006-08-01 | 2022-03-10 |
| WOODFORD, Geoffrey | Director | 2004-09-27 | 2017-06-22 |
| WU, Han Hu | Director | 2004-11-19 | 2006-02-28 |
| ZHANG, Lanshui | Director | 2013-01-01 | 2023-05-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 246 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-07 MA Memorandum articles
- 2025-01-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | MA | incorporation | Memorandum articles | |
| 2025-01-07 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-24 | AA | accounts | Accounts with accounts type group | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-14 | AA | accounts | Accounts with accounts type group | |
| 2023-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-23 | CH01 | officers | Change person director company with change date | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-16 | AA | accounts | Accounts with accounts type group | |
| 2022-08-17 | CH01 | officers | Change person director company with change date | |
| 2022-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-02-20 vs 2024-02-20
-
Turnover
-2.1%
£20,330,000 £19,902,000
-
Cash
+52.6%
£3,317,000 £5,061,000
-
Net assets
-4.5%
£5,999,000 £5,730,000
-
Employees
—
Not reported
-
Operating profit
-135.4%
£1,692,000 -£599,000
-
Profit before tax
-54.1%
£775,000 £356,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers