SEQUANA MARITIME LIMITED
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Next accounts due
2026-09-28 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-22 (in 6mo)
Last made up 2025-11-08
Watchouts
Cash
£444K
+81.4% highest in 6 filed years
Net assets
£6M
-43.5% vs 2023
Employees
11
0% vs 2023
Profit before tax
-£5M
-221.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Although the directors are satisfied that adopting the going concern basis is appropriate, there can be no certainty that the outcome of the matters discussed above will be as forecast by the directors. Therefore, there exists a material uncertainty that may cast a significant doubt upon the company's (and group's) ability to continue as a going concern and to meet its liabilities as they fall due.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £39,723,486 | £36,691,290 | |
| Operating profit | — | — | — | — | £3,713,149 | -£4,510,169 | |
| Profit before tax | — | — | — | — | £3,712,493 | -£4,510,349 | |
| Net profit | -£1,393,357 | -£80,659 | £240,414 | £294,754 | £3,712,493 | -£4,559,934 | |
| Cash | £40,869 | £213,363 | £125,379 | £11,797 | £244,610 | £443,621 | |
| Total assets less current liabilities | — | — | — | — | £10,684,141 | £6,164,746 | |
| Net assets | — | — | — | — | £10,397,674 | £5,873,388 | |
| Equity | — | — | — | — | £10,397,674 | £5,873,388 | |
| Average employees | 12 | 12 | 11 | 11 | 11 | 11 | |
| Wages | £630,706 | £423,001 | £455,062 | £777,332 | £670,967 | £802,684 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 9.3% | -12.3% | |
| Net margin | — | — | — | — | 9.3% | -12.4% | |
| Return on capital employed | — | — | — | — | 34.8% | -73.2% | |
| Current ratio | — | — | — | — | 2.00x | 1.38x |
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
- Gravita Audit II Limited
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“Although the directors are satisfied that adopting the going concern basis is appropriate, there can be no certainty that the outcome of the matters discussed above will be as forecast by the directors. Therefore, there exists a material uncertainty that may cast a significant doubt upon the company's (and group's) ability to continue as a going concern and to meet its liabilities as they fall due.”
Group structure
- SEQUANA MARITIME LIMITED · parent
- Elder Shipping Limited 100%
- Older Shipping Limited 100%
- Senior Shipping Limited 100%
- Veteran Shipping Limited 100%
- Midlife Shipping Limited 100%
- Antique Shipping Limited 100%
- Doyen Shipping Limited 100%
- Medro Shipping Limited 100%
- Vikingland Limited 100%
- Vegaland Limited 100%
- Tyrusland Limited 100%
- Thebeland Limited 100%
- Imperial Shipping Limited 100%
- Primal Shipping Limitd 100%
Significant events
- “The arbitration between Imperial and one of its counterparties is making slow progress. The process is not due to be completed until middle 2026.”
- “In late 2025 following constructive discussions it was agreed that Timberland would be sold to this shipping partner to help reduce the significant debt that had built up over several years. As part of our ongoing relationship with this partner, we have agreed a 5-year time charter for the Timberland.”
- “Sequana Maritime Limited has agreed to guarantee all the liabilities of Midlife Shipping Limited (subsidiary of Imperial Shipping Limited) at 31 December 2024 until those liabilities are satisfied in full. totalling £0.74m”
- “On 23rd December 2025, the Timberland Vessel held within Midlife Shipping was sold for $4,8000,000. This was following a dry dock of the ship which occured in June 2025, which subsequently improved the value of the ship and its readiness for sale. Following the dry dock, the vessel was estimated to have a valuation of $3,550,000. Therefore, the valuation of the ship as at 31 March 2025 is reasonable.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLEMAN, Mark Ronald | Secretary | — | — | British |
| COLEMAN, Karen Jane | Director | 2019-10-30 | Jul 1959 | British |
| COLEMAN, Mark Ronald | Director | — | Jan 1954 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLEMAN, Alfred Ronald | Director | — | 1996-07-04 |
| COLEMAN, Alison | Director | — | 2017-05-17 |
| COLEMAN, Joyce | Director | — | 2017-05-03 |
| COLEMAN, Karen Jane | Director | — | 2017-05-17 |
| COLEMAN, Laurence Neil | Director | — | 2019-10-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Laurence Neil Coleman | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-10-22 |
| Mr Mark Ronald Coleman | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-28 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-03-27 | AA | accounts | Accounts with accounts type group | |
| 2026-03-17 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2026-02-24 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-11-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-24 | AA | accounts | Accounts with accounts type group | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-22 | AA | accounts | Accounts with accounts type group | |
| 2023-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-02-10 | AA | accounts | Accounts with accounts type group | |
| 2022-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-03 | AA | accounts | Accounts with accounts type group | |
| 2021-12-22 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-12-22 | AA | accounts | Accounts with accounts type group | |
| 2020-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-07 | AP01 | officers | Appoint person director company with name date | |
| 2019-11-07 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-7.6%
£39,723,486 £36,691,290
-
Cash
+81.4%
£244,610 £443,621
highest in 6 filed years
-
Net assets
-43.5%
£10,397,674 £5,873,388
-
Employees
0%
11 11
-
Operating profit
-221.5%
£3,713,149 -£4,510,169
-
Profit before tax
-221.5%
£3,712,493 -£4,510,349
-
Wages
+19.6%
£670,967 £802,684
highest in 6 filed years
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