PORT OF FELIXSTOWE 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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The directors have considered all relevant factors within the going concern period including whether there could be a change in control.”

Group structure

1. PORT OF FELIXSTOWE LIMITED · parent
   1. The Felixstowe Dock and Railway Company 99.9% · England and Wales · Port operation
   2. PPRP Limited 100% · England and Wales · Investment holding
   3. Felixstowe Port Container Services Limited 51% · England and Wales · Repair and storage of containers and refrigerated container monitoring
   4. Walton Estates Limited 100% · England and Wales · Dormant
   5. Port of Felixstowe Pension Trustee Limited 100% · England and Wales · Pension trustee
   6. Port of Felixstowe Trustee Limited 100% · England and Wales · Trustee

Significant events

• “The financial year saw a 31.1% increase in profit, rising from £58.5 million in 2023 to £76.7 million in 2024, driven by double-digit growth in container volumes and increased activity in rail and Roll-on Roll-off operations.”
• “During the year, the company invested £26.4 million in tangible fixed assets compared to £33.5 million in 2023, focusing on automated equipment.”
• “Cash generated from continuing operations increased 17.0%, from £131.5 million in 2023 to £153.9 million in 2024”
• “The group contributes to net-zero carbon emission targets of both its UK and global parent groups under three core pillars of sustainable development: Our Environment, Our People and Our Business. The company, as part of the HPUK group, has a target of achieving net-zero carbon emissions by 2035.”
• “The ongoing Ukraine conflict gave rise to the imposition of sanctions against Russia. The company is only marginally and indirectly affected by UK shipping sanctions with most of its shipping volume arising on the Asia - Europe routes.”
• “The company continues to pursue opportunities arising from Freeport East with one of the three sites within the Port of Felixstowe. These include facilitation of zero carbon energy generation, contributing to the Government objectives of stimulating innovation, high technology skills and economic development.”

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

  +13%

  £349,640,000 → £395,220,000

• Cash

  -15.9%

  £2,939,000 → £2,471,000

• Net assets

  +1.6%

  £381,075,000 → £386,982,000

• Employees

  -0.2%

  2,551 → 2,547

• Operating profit

  +32%

  £80,663,000 → £106,436,000

• Profit before tax

  +32%

  £76,542,000 → £101,010,000

• Wages

  +10.4%

  £125,348,000 → £138,439,000

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