CARGO MARKETING SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-09 (in 7mo)
Last made up 2025-11-25
Watchouts
Cash
£3M
+73.9% vs 2023
Net assets
£11M
+32.1% highest in 5 filed years
Employees
87
+3.6% highest in 5 filed years
Profit before tax
£4M
-16.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- CARGO MARKETING SERVICES LIMITED 1982-09-24 → present
- KINBAT LIMITED 1979-02-23 → 1982-09-24
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | £31,634,244 | £43,411,368 | |
| Operating profit | — | — | — | — | — | — | £4,194,837 | £3,480,971 | |
| Profit before tax | — | — | — | — | — | — | £4,309,893 | £3,610,268 | |
| Net profit | — | £519,287 | — | £3,205,858 | — | £8,806,929 | £3,241,227 | £2,657,232 | |
| Cash | — | £4,049,227 | — | £4,534,008 | — | £5,018,485 | £1,681,055 | £2,923,713 | |
| Total assets less current liabilities | — | £5,733,160 | — | £813,216 | — | £5,620,145 | £8,283,840 | £10,961,230 | |
| Net assets | — | £5,733,160 | — | £813,216 | — | £5,620,145 | £8,283,840 | £10,941,072 | |
| Equity | £4,809,303 | £5,733,160 | £5,733,160 | £813,216 | £813,216 | £5,620,145 | £8,283,840 | £10,941,072 | |
| Average employees | — | 66 | — | 59 | — | 80 | 84 | 87 | |
| Wages | — | — | — | — | — | — | £2,985,733 | £4,055,802 |
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 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 13.3% | 8.0% | |
| Net margin | — | — | — | — | — | — | 10.2% | 6.1% | |
| Return on capital employed | — | — | — | — | — | — | 50.6% | 31.8% | |
| Current ratio | — | — | — | — | — | — | 3.12x | 2.78x | |
| Interest cover | — | — | — | — | — | — | 113373.97x | 131.71x |
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
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors are of the opinion that there are adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- CARGO MARKETING SERVICES LIMITED · parent
- Maritime Service Line UK Limited 75%
Significant events
- “There have been no significant events affecting the Group since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Tracey Louise | Director | 2001-04-01 | Aug 1966 | British |
| OLARIETA, Juan Pablo | Director | 2021-10-07 | Jun 1978 | Argentine |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENNETT, Tracey Louise | Secretary | 2000-10-02 | 2021-10-07 |
| COOPER, Sheena Elizabeth | Secretary | 1994-06-01 | 2000-10-02 |
| HORWELL, Saundra Shirley | Secretary | 1992-02-10 | 1994-05-31 |
| WEBBER, Nicholas | Secretary | — | 1992-02-10 |
| BARCIA EXPÓSITO, Gustavo Carlos | Director | 2021-10-07 | 2026-01-23 |
| FREARSON, Michael Robert | Director | 1994-02-01 | 2026-04-30 |
| HORWELL, David Graham | Director | 2002-07-01 | 2011-10-01 |
| HORWELL, David Graham | Director | — | 1997-12-31 |
| HORWELL, Saundra Shirley | Director | 1992-02-10 | 1994-02-01 |
| MERCANTE, Franco Matias | Director | 2021-10-07 | 2026-01-23 |
| O'HARA, Shaun | Director | 1996-04-01 | 2000-12-31 |
| PALMER, William George | Director | — | 1992-02-10 |
| PRESCOTT, Stephen | Director | 1996-04-01 | 2001-03-31 |
| TALEB, Hector Alberto | Director | 2021-10-07 | 2026-01-23 |
| VAZQUEZ, Rodrigo | Director | 2021-10-07 | 2026-01-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Hector Alberto Taleb | Individual | Significant influence | 2021-10-07 | Active |
| Mr David Graham Horwell | Individual | Shares 75–100% | 2021-05-01 | Ceased 2021-10-07 |
| Mr Michael Robert Frearson | Individual | Significant influence, significant-influence-or-control-as-trust, significant-influence-or-control-as-firm | 2016-04-07 | Ceased 2021-05-01 |
Filing timeline
Last 20 of 204 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-15 | AA | accounts | Accounts with accounts type group | |
| 2024-01-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-20 | AA | accounts | Accounts with accounts type group | |
| 2023-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-14 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 5
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
+37.2%
£31,634,244 £43,411,368
-
Cash
+73.9%
£1,681,055 £2,923,713
-
Net assets
+32.1%
£8,283,840 £10,941,072
highest in 5 filed years
-
Employees
+3.6%
84 87
highest in 5 filed years
-
Operating profit
-17%
£4,194,837 £3,480,971
-
Profit before tax
-16.2%
£4,309,893 £3,610,268
-
Wages
+35.8%
£2,985,733 £4,055,802
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