NAVALMAR (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

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services Limited, trading as Ensors

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's and 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. NAVALMAR (UK) LIMITED · parent
   1. Cargoways LLC 70% · USA
   2. Navalmar Shipping (India) Private Limited 99.99% · India
   3. Navalmar UK Services India Private Limited 60% · India

Significant events

• “Overall, in 2024, the Company shipped approximately 0.158 million Unit freight of cargo.”
• “War conflicts extending to the Middle East and the continuity of the conflict in Ukraine are challenges that can potentially disrupt shipping routes, increased delays and raised shipping costs, impacting the global supply chain.”
• “In the first part of 2025 we witnessing another kind of war (Trade War) started by the new US presidency, that is having a dramatic impact on trade movements not only from and to the US but, by consequence and trade-restructuring, worldwide.”
• “The introduction of the EU Emissions Trading System (ETS) for maritime transport in January 2024 has added a new cost layer, particularly for voyages calling at EU ports.”
• “The Red Sea crisis, sparked by Houthi attacks on commercial vessels, escalated through late 2024 and early 2025, heavily disrupting traditional trade routes through the Suez Canal.”

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

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +33.8%

  £58,468,000 → £78,222,000

• Cash

  -17.2%

  £22,413,000 → £18,548,000

• Net assets

  +7.5%

  £46,707,000 → £50,231,000

• Employees

  -8.9%

  56 → 51

• Operating profit

  -34.4%

  £8,421,000 → £5,528,000

• Profit before tax

  -32.7%

  £9,365,000 → £6,298,000

• Wages

  +23.2%

  £4,874,000 → £6,005,000

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