X-PRESS CONTAINER LINE (UK) LIMITED

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

IFRS

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the budgets and forecasts for the foreseeable future and have reasonable expectation that the Group has adequate resources to continue to adopt the going concern basis of accounting in preparing the financial statements. The Group also continues to make use of the ongoing support of its ultimate controlling party and the directors expect this support to be available for at least 12 months from the signing of these financial statements.”

Group structure

1. X-PRESS CONTAINER LINE (UK) LIMITED · parent
   1. X-Press Feeders Agency GmbH 100% · Germany · Shipping agency
   2. Feroday Associates Limited 100% · Cyprus · Shipping agency
   3. X-Press Shipping Agency Panama S.A 100% · Panama · Shipping agency
   4. Duxton Property S.L 100% · Spain · Ownership and letting of properties
   5. X-Press Container Line (Singapore) Pte. Ltd. 100% · Singapore · Container Feeder
   6. X-Press Feeders Americas Panama S.A 100% · Panama · Shipping agency
   7. Hico Ventures Limited 80% · United Kingdom · Advisory

Significant events

• “The Group reported a positive current asset position, with current assets exceeding current liabilities by US$2.7 million (2023: US$46.2 million). The significant decrease is primarily due to the decrease in amount due from immediate holding company following the declaration of US$ 78 million dividends during the year, which remains unpaid at the year end.”
• “The Group has commenced the transition to alternative fuels, including green methanol. These initiatives not only support decarbonisation objectives but also provide a hedge against conventional fuel price volatility.”

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

Filings

2

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

  -19.2%

  £306,104,590 → £247,265,952

• Cash

  -8.4%

  £4,566,625 → £4,181,838

• Net assets

  -46.1%

  £63,019,245 → £33,949,080

• Employees

  +33.8%

  77 → 103

• Operating profit

  -45.2%

  £64,525,728 → £35,343,239

• Profit before tax

  -41.8%

  £86,148,795 → £50,157,471

• Wages

  +18.1%

  £12,754,597 → £15,057,289

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