NORTH SAILS LIMITED

1. NORTH SAILS LIMITED 2005-07-20 → present
2. BONDCO 1115 LIMITED 2005-06-28 → 2005-07-20

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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024, the company had net assets of £3,593,775 (2023: net liabilities of £5,965,987). The directors have considered the future cash requirements of the company and believe that the company can operate as a going concern with support of the ultimate controlling party, NSG (Bermuda) LP, from whom a letter has been obtained confirming their intention to continue to support the company for the 12-month period from the date of signing these accounts. The financial statements have therefore been prepared on a going concern basis.”

Significant events

• “On 24 May 2024, the company issued £8,500,000 of additional share capital to its sole shareholder, NTG Europe (UK) Limited in return for a reduction in the loan payable to NTG Europe (UK) Limited.”
• “On 24 May 2024, the Company reduced the issued share capital of the company from £8,510,000 to £10,000 by cancelling and extinguishing 8,500,000 of the issued ordinary shares of £1.00 each in the company.”

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

Filings

3

last 12 months

Capital events

3

last 24 months

Officers appointed

0

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

  -2.9%

  £14,806,390 → £14,378,738

• Cash

  -99.5%

  £487,535 → £2,454

• Net assets

  +160.2%

  -£5,965,987 → £3,593,775

• Employees

  -1.2%

  86 → 85

• Operating profit

  +70.3%

  £726,092 → £1,236,687

• Profit before tax

  +110.8%

  £502,779 → £1,059,762

• Wages

  -4.9%

  £4,172,932 → £3,969,555

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