S E A TRANSPORT LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2027-01-18 (in 8mo)
Last made up 2026-01-04
Watchouts
None on the register
Cash
£200K
-48.9% vs 2023
Net assets
£338K
-63.4% vs 2023
Employees
84
+33.3% highest in 6 filed years
Profit before tax
-£775K
-137.5% lowest in 4 filed years
Net assets
9-year trend · vs Industrials median
Accounts
9-year trend · latest reflected 2025-04-30
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £11,639,260 | — | £14,839,351 | — | £13,306,153 | £20,253,352 | |
| Operating profit | — | — | — | £1,001,920 | — | £885,291 | — | -£144,278 | -£472,649 | |
| Profit before tax | — | — | — | £927,240 | — | £787,146 | — | -£326,255 | -£774,980 | |
| Net profit | — | — | — | £749,056 | — | £623,354 | — | -£232,495 | -£585,905 | |
| Cash | £366,175 | £779,813 | -£214,812 | £1,289,875 | — | £379,721 | — | £391,540 | £200,196 | |
| Total assets less current liabilities | £1,185,047 | £1,258,963 | — | £2,212,652 | — | £3,103,919 | — | £3,124,010 | £1,661,395 | |
| Net assets | £272,695 | £382,896 | — | £999,877 | — | £1,156,555 | — | £924,060 | £338,155 | |
| Equity | £272,695 | £382,896 | £382,896 | £999,877 | £999,877 | £1,156,555 | £1,156,555 | £924,060 | £338,155 | |
| Average employees | 52 | 53 | — | 51 | — | 63 | — | 63 | 84 | |
| Wages | — | — | — | £1,799,792 | — | £2,135,320 | — | £2,209,605 | £4,349,674 |
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 | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2025-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.6% | — | 6.0% | — | -1.1% | -2.3% | |
| Net margin | — | — | — | 6.4% | — | 4.2% | — | -1.7% | -2.9% | |
| Return on capital employed | — | — | — | 45.3% | — | 28.5% | — | -4.6% | -28.4% | |
| Interest cover | — | — | — | 13.39x | — | 8.83x | — | -0.76x | -1.53x |
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
- Consolidated group
- Auditor
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors make this assessment based on sensitised forward-looking cash headroom forecasts, with revenue projections based on historical trends as well as current and forecast market conditions. The Company headroom positions as at 30 April 2025 are robust, with the Company well supported by material capacity available within its CID facility, in respect of which the Company is dependent on to meet its working capital requirements. In addition, the directors also generated a downside scenario with reduced sales levels. The directors are confident that even on low case trading scenarios, the Company will retain robust headroom positions over the coming 12-month period. In addition, the Company has also identified further mitigating actions that could be taken should the need arise. The directors also acknowledge the net current liabilities position of the Company, but conclude this poses no immediate impact to the going concern status of the entity. The directors have also considered the impact of the ownership transition on the wider Group's operations and strategic direction. The Group returned to the ownership of the previous leadership team on 10 April 2025, who had remained actively involved in the business throughout the period of Investment Fund ownership. Given their continued operational involvement and long-standing knowledge of the business, the directors consider the transition to be orderly and stabilising, and do not believe it poses a material threat to the Company's ability to continue as a going concern. After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Through this assessment, and with the Company well supported by its banking partners, the directors are satisfied to continue to report on a Going Concern basis.”
Significant events
- “In October 2022 SEA Transport received investment from an Investment Fund. This fund exited during the financial period, on 10 April 2025, with ownership changing back to previous management whom remained present within the Group during the Investment Fund ownership period.”
- “In August 2024 the Group expanded its operations through opening a new facility in Northampton. The addition of the new, well located, office alongside increased fleet size and customer contracts was planned to enable the Group to grow both top line revenue and profitability. The investment was monitored closely and planned financial performance did not translate into actuals, leading the Directors to a decision to close the depot. This closure was substantially completed prior to 30 April 2025 and finalised on 3 May 2025. Losses reported by the Group during the period ended 30 April 2025 in relation to this depot totalled £0.2m and will be non-recurring in future periods. The results relating to this depot have been classified as discontinued operations in the statement of comprehensive income.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEWITT, Benjamin Gareth | Director | 2025-09-08 | Jun 1994 | British |
| SMITH, Christopher Mark | Director | 2001-01-04 | Sep 1974 | British |
| SMITH, Frazer Robert | Director | 2004-11-01 | Jul 1968 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SMITH, Frazer Robert | Secretary | 2011-04-08 | 2017-03-07 |
| SMITH, Robin Arthur | Secretary | 2001-01-04 | 2011-04-08 |
| M W DOUGLAS & COMPANY LIMITED | Corporate Nominee Secretary | 2001-01-04 | 2001-01-04 |
| LILJENDAHL, Anders Charles | Director | 2022-11-28 | 2024-08-20 |
| LYON, Paul | Director | 2022-10-21 | 2023-09-20 |
| MCANDREW, Sean Anthony | Director | 2022-10-21 | 2023-05-05 |
| MORSON, Richard James | Director | 2024-05-29 | 2024-10-24 |
| PRESTON, Richard | Director | 2022-10-21 | 2023-03-06 |
| SMITH, Jaime Emma | Director | 2011-01-31 | 2022-10-21 |
| SMITH, Robin Arthur | Director | 2001-01-04 | 2011-04-08 |
| SMITH, Susan | Director | 2011-01-31 | 2022-10-21 |
| DOUGLAS NOMINEES LIMITED | Corporate Nominee Director | 2001-01-04 | 2001-01-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| S E A Transport Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-21 | Active |
| Mr Frazer Robert Smith | Individual | Significant influence | 2017-01-01 | Ceased 2022-10-21 |
| Mr Christopher Mark Smith | Individual | Shares 25–50% | 2017-01-01 | Ceased 2022-10-21 |
| Mrs Jaime Emma Smith | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-21 |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | AA | accounts | Accounts with accounts type full | |
| 2026-01-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-23 | AA01 | accounts | Change account reference date company current extended | |
| 2025-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-23 | AD02 | address | Change sail address company with old address new address | |
| 2024-05-23 | AD02 | address | Change sail address company with new address | |
| 2024-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-30 | AA | accounts | Accounts with accounts type full | |
| 2023-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-16 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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 → FY2025 · period ending 2025-04-30 vs 2023-12-31
-
Turnover
+52.2%
£13,306,153 £20,253,352
highest in 4 filed years
-
Cash
-48.9%
£391,540 £200,196
-
Net assets
-63.4%
£924,060 £338,155
-
Employees
+33.3%
63 84
highest in 6 filed years
-
Operating profit
-227.6%
-£144,278 -£472,649
lowest in 4 filed years
-
Profit before tax
-137.5%
-£326,255 -£774,980
lowest in 4 filed years
-
Wages
+96.9%
£2,209,605 £4,349,674
highest in 4 filed years
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