CAVENDISH SHIPS STORES LIMITED

1. CAVENDISH SHIPS STORES LIMITED 1999-10-25 → present
2. DOVER SHIPS STORES LIMITED 1979-06-28 → 1999-10-25

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

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors confirm that they consider that the going concern basis remains appropriate due to the fact that the Directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future on the basis of the agreed financing facilities. Key to this assumption is the continuing support from the parent entity, The Burden Group Limited. In April 2022 the Company agreed a new invoice discounting facility with Lloyds Bank Commercial Finance Limited. The Directors consider that this facility will be sufficient to fund the company's working capital requirements for the next twelve months and beyond. The Company therefore continues to adopt the going concern basis in preparing its financial statements. In auditing the financial statements, we have concluded that the Directors' 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 Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “2024/25 saw the cruise sector in general and associated service industries return to a level of operational normality not seen since before the COVID pandemic.”
• “Cavendish increased the size and number of its vehicle fleet in the reporting year, doubling its logistics capacity, and reducing some dependency on third party providers.”
• “Various climate change events globally, including excessive and prolonged wet, dry, or hot periods, adversely impacted the quality and yield across several crop harvests.”
• “geo-political events, such as the ongoing war in Ukraine, significantly impacted some raw material manufacturing and supply chain costs.”
• “Later in the year, the wider effect of the war in Gaza impacted costs with logistics restrictions to maritime transport through the Red Sea.”
• “substantial increases in energy and transport costs, alongside further increases in wage demands and finance charges.”
• “the impact of post-Brexit regulatory changes to the importing of food products, particularly those of animal origin, saw additional cost pressure, increasing the risk that customers could consider alternative sourcing routes.”

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

  +20.5%

  £36,058,530 → £43,435,496

• Cash

  -8.3%

  £3,139 → £2,879

• Net assets

  +53.7%

  -£414,466 → -£191,828

• Employees

  +5.7%

  35 → 37

• Operating profit

  +6%

  £597,367 → £633,389

• Profit before tax

  -6%

  £323,151 → £303,700

• Wages

  +16.1%

  £1,082,589 → £1,256,829

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