PENDENNIS SHIPYARD LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-19 (in 3mo)
Last made up 2025-08-05
Watchouts
None on the register
Cash
£5M
-52.5% vs 2023
Net assets
£17M
+1.1% vs 2023
Employees
450
+2.5% vs 2023
Profit before tax
£4M
-33.3% vs 2023
Name history
Renamed 1 time since incorporation
- PENDENNIS SHIPYARD LIMITED 1995-12-31 → present
- CABLECHIEF LIMITED 1994-11-14 → 1995-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £63,070,326 | £66,265,329 | |
| Operating profit | £5,850,397 | £3,884,121 | |
| Profit before tax | £6,060,001 | £4,042,798 | |
| Net profit | £4,553,570 | £3,178,217 | |
| Cash | £10,538,234 | £5,008,951 | |
| Total assets less current liabilities | £24,574,345 | £26,321,841 | |
| Net assets | £16,701,728 | £16,879,945 | |
| Equity | £16,701,728 | £16,879,945 | |
| Average employees | 439 | 450 | |
| Wages | £16,429,539 | £17,300,959 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.3% | 5.9% | |
| Net margin | 7.2% | 4.8% | |
| Return on capital employed | 23.8% | 14.8% | |
| Current ratio | 1.38x | 1.61x | |
| Interest cover | 24.96x | 17.81x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons. The Company is cash generative, this includes a strong current and future workflow extending into 2025.”
Group structure
- PENDENNIS SHIPYARD LIMITED · parent
- Cockwells Modern and Classic Boat Building Limited 90%
Significant events
- “The reduced margins reflect the increased cost environment in the UK, which have been rebased for 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRANVILLE, Ian Langley | Secretary | 2006-04-03 | — | British |
| ALLIES, Toby James | Director | 2009-04-06 | Jan 1974 | British |
| CARR, Jillian Gwendoline | Director | 2012-05-29 | Apr 1960 | British |
| CARR, Micheal John | Director | 1995-01-13 | Jun 1959 | British |
| GRANVILLE, Ian Langley | Director | 2006-04-03 | Aug 1961 | British |
| HILLS, Stephen Frederick James | Director | 2012-05-29 | Jan 1967 | British |
| ROBERTSON, Charles Bruce | Director | 2010-04-27 | Mar 1953 | British |
| ROSS, Charles James | Director | 2012-05-29 | Apr 1978 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARR, Micheal John | Secretary | 1995-01-13 | 1995-10-20 |
| HILL, Anthony Arthur | Secretary | 1995-10-20 | 2006-04-03 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1994-11-14 | 1995-01-13 |
| BENTLEY, David | Director | 1995-01-13 | 2008-02-29 |
| HILL, Anthony Arthur | Director | 2010-04-27 | 2023-07-18 |
| HILL, Anthony Arthur | Director | 1995-10-20 | 2006-03-31 |
| HORTON, Nicholas John | Director | 1996-06-03 | 1999-05-26 |
| JORDAN, Michael John | Director | 1995-10-20 | 1996-04-29 |
| VERNON, Terence John | Director | 1995-01-13 | 2004-08-22 |
| WIEKENS, Hendrik | Director | 1995-01-13 | 2012-06-30 |
| WOOD, Peter John | Director | 1995-01-13 | 1996-09-30 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1994-11-14 | 1995-01-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pendennis Shipyard (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-08-05 | Active |
Filing timeline
Last 20 of 137 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-07-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-23 | AA | accounts | Accounts with accounts type full | |
| 2022-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-04 | AA | accounts | Accounts with accounts type full | |
| 2021-09-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-20 | AUD | auditors | Auditors resignation company | |
| 2020-12-21 | AA | accounts | Accounts with accounts type full | |
| 2020-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-09-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-09-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-08-19 | SH01 | capital | Capital allotment shares | |
| 2019-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-07-17 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.1%
£63,070,326 £66,265,329
-
Cash
-52.5%
£10,538,234 £5,008,951
-
Net assets
+1.1%
£16,701,728 £16,879,945
-
Employees
+2.5%
439 450
-
Operating profit
-33.6%
£5,850,397 £3,884,121
-
Profit before tax
-33.3%
£6,060,001 £4,042,798
-
Wages
+5.3%
£16,429,539 £17,300,959
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