B.A.I. (U.K.), LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the director's 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 and parent company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. B.A.I. (U.K.), LIMITED · parent
   1. Portsmouth Handling Service Limited 100% · England and Wales · stevedoring and other similar services
   2. Transchannel Ferries Limited 100% · England and Wales · dormant
   3. French Property Owners Club Limited 100% · England and Wales · dormant

Significant events

• “The wider Group has always looked forward strategically for fleet planning. The first of the five new vessels of the E-flexers type, named Galicia, was delivered in 2020. Salamanca and Santona, were delivered in November 2021 and December 2022. Our hybrid powered ships, Saint Malo was delivered in September 2024 and Guillaume de Normandie, was delivered in December 2024. These LNG electric vessels are ordered on long term charter basis to replace current ships on our routes. By early 2025, four of our ships will be running on LNG.”
• “The wider Group is working on a number of environmental initiatives in conjunction with our de-carbonisation programme, that include partnerships with external partners ensuring commitment to responsible travel. We will also comply with the EU Emissions Trading System, which has been extended to the shipping sector from January 2024. This is designed to cut greenhouse gas emissions whilst incentivising energy efficient, low-carbon solutions.”
• “In addition to our ships, the new railroad between Mouguerre, South-West France to Cherbourg, Northern France, should come into service in May 2025, serving unaccompanied trailers to the UK and Ireland. The wider Group continues to meet the growing environmental demands, one of our core principles to recovery.”

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

Filings

3

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

  -22.2%

  £20,941,548 → £16,292,464

• Cash

  -70.3%

  £4,999,434 → £1,486,932

• Net assets

  -54.2%

  £8,075,624 → £3,697,434

• Employees

  -4.8%

  398 → 379

• Operating profit

  -206.6%

  £2,038,365 → -£2,172,356

• Profit before tax

  -188.3%

  £2,418,703 → -£2,136,063

• Wages

  -4.2%

  £11,452,199 → £10,969,833

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