FIRST CORPORATE SHIPPING LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. FIRST CORPORATE SHIPPING LIMITED 1991-01-02 → present
2. VITALHURRY LIMITED 1990-09-24 → 1991-01-02

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with its performance, position and the factors likely to affect its future development, are set out in the group strategic report. Further in the group strategic report the main risks and uncertainties facing the business are discussed as well as the group's responses to those risks and uncertainties. In note 1 to the financial statements, the use of financial instruments to manage interest rate risk is also discussed. As a consequence, the directors believe the company is well placed to manage its business risks successfully. The company was profitable in the year. The directors have considered forecast profit and associated cash flows for the coming year from the date of this report and the net current liability position. The directors have considered the facilities available to the entity and are of the opinion that the company and the group can operate within the facilities available for the period of the cash flow forecast and can meet their obligations as they fall due for a period of 12 months from date of signing these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. FIRST CORPORATE SHIPPING LIMITED · parent
   1. The Bristol Port Company (Trustees) Limited 100% · United Kingdom · Pension fund trustee
   2. The Bristol Port Company Limited 100% · United Kingdom · Dormant
   3. The Bristol Bulk Company Limited 100% · United Kingdom · Dormant
   4. Agricultural Bulk Services (Bristol) Limited 100% · United Kingdom · Dormant

Significant events

• “Turnover grew by 8% on the prior year driven by increased activity across existing trades and the addition of new trades.”
• “Net cash inflow from operating activities was £56,643,000 (2024: £43,303,000); of this £26,806,000 was used for capital expenditure (2024: £21,859,000).”
• “Through the year, a net total of £10,000,000 (2024: £6,000,000) was drawn against the bank debt facility, leaving a balance of £66,000,000 (2024: £56,000,000) at the end of the financial year.”
• “Safety continues to be the company's main focus with the introduction of a 3-year safety plan. The Accident Frequency Rate (AFR) and Lost Time Injury Rate (LTIR) continue to show a year-on-year improvement.”
• “In response to the ever-increasing threat from Cyber attacks, the company has continued to invest heavily in both technology and employee education to mitigate this potential risk to the business.”
• “The company agreed a three-year pay deal with employees to increase rates of pay by CPI commencing July 2024.”
• “During the year the company has invested £32m in capital projects to support demand from existing and new customers.”
• “The company remains on target to halve its carbon emissions since its baseline in 2016/2017.”
• “During the year the group made charitable contributions of £136,599 (2024: £170,715) and political donations to the Conservative Party of £nil (2024: £10,000).”
• “Dividends declared in relation to the year total £37,406,000 (2024: £34,633,000).”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +8.2%

  £127,901,000 → £138,436,000

• Cash

  +54.9%

  £7,470,000 → £11,568,000

• Net assets

  0%

  £238,041,000 → £238,125,000

• Employees

  -0.1%

  749 → 748

• Operating profit

  +25.2%

  £39,042,000 → £48,893,000

• Profit before tax

  +29.2%

  £34,581,000 → £44,690,000

• Wages

  +3.4%

  £35,636,000 → £36,854,000

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