TRADEWAY (SHIPPING) LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2026-10-17 (in 5mo)
Last made up 2025-10-03
Watchouts
None on the register
Cash
£4M
Latest balance sheet
Net assets
£8M
Equity attributable
Employees
25
Average over period
Profit before tax
£2M
Period ending 2025-02-28
Name history
Renamed 1 time since incorporation
- TRADEWAY (SHIPPING) LIMITED 1994-01-04 → present
- EDWARD NICHOLSON (TRANSPORT) LIMITED 1980-01-25 → 1994-01-04
Net assets
8-year trend · vs Industrials median
Accounts
8-year trend · latest reflected 2025-02-28
| Metric | Trend | 2019-02-28 | 2020-02-29 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-28 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £33,220,881 | £24,745,974 | — | £30,208,399 | |
| Operating profit | — | — | — | — | £2,556,691 | £1,724,305 | — | £1,459,814 | |
| Profit before tax | — | — | — | — | £2,525,141 | £2,153,345 | — | £1,548,793 | |
| Net profit | — | — | — | — | £2,039,105 | £1,708,555 | — | £1,160,386 | |
| Cash | — | — | — | — | £3,356,754 | £3,535,497 | — | £3,564,408 | |
| Total assets less current liabilities | — | — | — | — | £6,296,745 | £7,206,270 | — | £7,837,459 | |
| Net assets | — | — | — | — | — | £7,206,270 | — | £7,837,459 | |
| Equity | £3,054,289 | £2,759,737 | £3,152,220 | £4,555,814 | £6,296,745 | £7,206,270 | — | £7,837,459 | |
| Average employees | — | — | — | — | 27 | 26 | — | 25 | |
| Wages | — | — | — | — | — | £1,247,671 | — | £1,246,777 |
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 | 2019-02-28 | 2020-02-29 | 2021-02-28 | 2022-02-28 | 2023-02-28 | 2024-02-28 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.7% | 7.0% | — | 4.8% | |
| Net margin | — | — | — | — | 6.1% | 6.9% | — | 3.8% | |
| Return on capital employed | — | — | — | — | 40.6% | 23.9% | — | 18.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 28.1% | — | 25.3% | |
| Current ratio | — | — | — | — | — | 2.56x | — | 2.89x | |
| Interest cover | — | — | — | — | 81.04x | — | — | — |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Sedulo Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has prepared forecasts for the next twelve months, taking into account possible fluctuations in market conditions arising from the ongoing situation in Ukraine and the Middle East, which indicate that the company is expected to continue to make profits. Directors note significant cash reserves and ability to meet cash flow requirements.”
Group structure
- TRADEWAY (SHIPPING) LIMITED · parent
- SAI Logistics Limited 100%
Significant events
- “The overriding issue facing the company, the whole sector, and indeed the world economy during the year to 28 February 2025 continued to be the ongoing war in the Ukraine, the Red Sea crisis and global supply chain problems more generally.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHEWELL, David William | Secretary | 2019-08-31 | — | — |
| GERBER, Glen Henry | Director | 2015-12-04 | Oct 1962 | South African |
| HEALD, Jonathan Edward | Director | 1994-01-04 | Oct 1971 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASWELL, Graham Anwyl Penson | Secretary | 1993-11-19 | 1995-09-29 |
| COWAN, Robin Grenfell | Secretary | 1995-10-01 | 1997-10-24 |
| SEWARD, Clement | Secretary | — | 1993-11-19 |
| SEXTON, Darren Arthur | Secretary | 1997-10-24 | 2019-05-30 |
| SORMUS, Tracy Ann | Secretary | 2019-05-30 | 2019-08-31 |
| COCKBAIN, Robert Peter | Director | 1992-11-07 | 1993-11-19 |
| COWAN, Robin Grenfell | Director | — | 1997-10-24 |
| EDLEY, David Charles | Director | 2015-12-04 | 2019-09-30 |
| GILBERT, James | Director | 1994-01-04 | 2001-04-05 |
| KILBRIDE, Marjorie Anne | Director | — | 1992-11-07 |
| LUNNEY, Ross Whitworth | Director | 1993-11-19 | 1996-11-30 |
| ROTHERHAM, Helen Marie | Director | 1996-12-01 | 1997-10-24 |
| SEXTON, Darren Arthur | Director | 1997-10-24 | 2019-05-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-31 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | AA | accounts | Accounts with accounts type full | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-29 | AA | accounts | Accounts with accounts type full | |
| 2021-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2020-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-07-09 | AA | accounts | Accounts with accounts type full | |
| 2020-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2020-02-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-11-19 | AA | accounts | Accounts with accounts type full | |
| 2019-10-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2019-09-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2019-09-06 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-02-28 vs 2024-02-29