MAERSK LOGISTICS AND SERVICES UK LTD

Company number

01847748

Status

Active

Incorporation

1984-09-12

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

50200

Hubs

UK Logistics & Mobility

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have evaluated the company's trading performance and its liquidity position as of the date of the issuance of the financial statements. The Directors are confident that the Company will be profitable in the coming 12 months and beyond, and will continue to operate within its current and future financial resources so as to meet its debts as they fall due. In doing so, the Directors have assumed that the current transfer pricing arrangement with the wider A.P. Møller - Mærsk A/S group will continue over the going concern period. The Company participates in the Group's centralized treasury and banking arrangements and has received a letter of support from its ultimate parent company, A.P. Møller - Mærsk A/S. The Directors having assessed the financial position of its Company, including consideration of plausible downsides, are satisfied that the Company has adequate resources, including access to the group cash-pool arrangement, to continue to operate as a going concern for a period of at least 12 months following the date of approval of these financial statements.”

Subsidiaries

• Interpost Limited · 100% held · United Kingdom

Significant events

• “The finance costs for the year were increased partially due to interest on lease liability associate with East Midland Gateway depot lease and Felixstowe warehouse lease, which is newly operated in 2024, compared to prior year. Related party interest expense has reduced compared to prior year following the capital injection received in 2023.”
• “Increase in Right-of-use assets and lease liabilities were associated with East Midland Gateway depot lease and Felixstowe warehouse lease which is newly operated in 2024. The East Midland Gateway depot lease term is 25 years and the Felixstowe lease term is 10 years.”
• “The company's fixed asset has increased significantly during the year for building fit-out costs for the East Midland Gateway depot.”
• “Geopolitical tensions continued to reshape trade and logistics in 2024 as the majority of the world's shipping lines diverted traffic on Asia- Europe trade routes around the Cape of Good Hope in Africa to avoid attacks in the Red Sea. In addition to longer voyages, which directly increase greenhouse gas (GHG) emissions, this situation led to port congestion, cargo delays and a greater reliance on higher-emission transport modes.”
• “A notable climate change impact in 2024, continuing a pattern from previous years, is the sharp increase in the frequency and severity of extreme weather events including record floods, droughts, heatwaves and wildfires. This also poses disruption risks to global supply chains.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers