STRATEGIC SHIPPING COMPANY LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. STRATEGIC SHIPPING COMPANY LIMITED 1985-12-30 → present
2. BEHRING SHIPPING COMPANY LIMITED 1984-06-07 → 1985-12-30

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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

• “sad death of Mervyn Griffiths resulted in the Company buying back his shares. The Company purchased its own ordinary shares that had a nominal value of £10,002 for a total consideration of £1,644,134, including share capital. The purchase was funded from distributable reserves and has been accounted for as a deduction from equity in accordance with FRS 102. The shares purchased were cancelled on acquisition, resulting in a reduction in share capital of £10,002 and a corresponding reduction in retained earnings.”

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

2

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

  -3.7%

  £11,019,994 → £10,614,547

• Cash

  +6%

  £5,945,153 → £6,300,083

  highest in 3 filed years

• Net assets

  +8%

  £5,974,316 → £6,453,494

• Employees

  -2.1%

  47 → 46

• Operating profit

  +2.3%

  £2,923,995 → £2,991,301

• Profit before tax

  +1.4%

  £3,133,285 → £3,177,980

• Wages

  -24.7%

  £3,382,031 → £2,547,082

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