PENDENNIS SHIPYARD (HOLDINGS) LIMITED

1. PENDENNIS SHIPYARD (HOLDINGS) LIMITED 1995-12-31 → present
2. PENDENNIS SHIPYARD LIMITED 1991-01-25 → 1995-12-31
3. WESTERN YACHTS LIMITED 1988-12-08 → 1991-01-25
4. GASHFORD TRADING LIMITED 1988-07-28 → 1988-12-08

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

Consolidated group

Auditor

BDO 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 Group or Parent 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.”

Group structure

1. PENDENNIS SHIPYARD (HOLDINGS) LIMITED · parent
   1. Pendennis Shipyard Limited 100% · UK · Design, manufacture and refitting out of luxury yachts
   2. Pendennis Plus Limited 100% · UK · Yacht design and construction
   3. Pendennis Palma Mallorca SL 100% · Spain · Refitting out of luxury yachts
   4. Pendennis Brokerage Limited 100% · UK · Dormant
   5. Pendennis Superyachts Limited 100% · UK · Dormant
   6. FMP Limited 100% · UK · Build of pleasure boats
   7. Norfolk Interior Specialists Limited 100% · UK · Manufacture of furniture
   8. Cockwells Modern and Classic Boat Building Limited 90% · UK · Manufacture of pleasure and sporting boats
   9. Marina Far Vilanova SA 75% · Spain · Marina and service centre
   10. Vilanova Shipyard S.L. 75% · Spain · Refitting and service centre

Significant events

• “On 5th September 2024, Pendennis Shipyard Ltd acquired 90% of the shares in Cockwells Modern and Classic Boatbuilding Ltd. The business contributed £3,807,630 of revenue and £45,285 net loss to the revenue and net profit for the year.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

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

  +5.3%

  £86,202,458 → £90,777,913

• Cash

  -36.5%

  £14,354,928 → £9,115,048

• Net assets

  +7%

  £37,276,125 → £39,893,851

• Employees

  +10.4%

  518 → 572

• Operating profit

  -33.6%

  £10,313,012 → £6,852,371

• Profit before tax

  -34.1%

  £10,328,325 → £6,808,464

• Wages

  +14.3%

  £19,856,014 → £22,700,821

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