UK Companies House feature
SEACAT SERVICES LTD
Cash
£287K
Latest balance sheet
Net assets
£988K
Equity attributable
Employees
126
Average over period
Profit before tax
£363K
Period ending 2024-12-31
Profile
- Company number
- 07399878
- Status
- Active
- Incorporation
- 2010-10-07
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 50100
Net assets
10-year trend · vs UK Logistics & Mobility median
Accounts
10-year trend · latest 2024-12-31
| Metric | Trend | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-01-01 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £11,438,733 | — | £11,898,602 | — | £12,318,759 | |
| Operating profit | — | — | — | — | — | £380,713 | — | £445,960 | — | £354,388 | |
| Profit before tax | — | — | — | — | — | £369,644 | — | £451,470 | — | £363,082 | |
| Net profit | — | — | — | — | — | £301,680 | — | £317,409 | — | £334,254 | |
| Cash | — | £282,428 | — | £449,897 | — | £373,884 | — | £426,026 | — | £286,577 | |
| Total assets less current liabilities | — | £980,104 | — | £1,066,611 | — | £1,354,306 | — | £1,185,313 | — | £1,025,158 | |
| Net assets | — | £980,104 | — | £1,038,493 | — | £1,340,173 | — | £1,154,082 | — | £988,336 | |
| Equity | — | £980,104 | — | £1,038,493 | — | £1,340,173 | £1,340,173 | £1,154,082 | £1,154,082 | £988,336 | |
| Average employees | — | 93 | — | 105 | — | 115 | — | 133 | — | 126 | |
| Wages | — | — | — | — | — | £3,779,355 | — | £4,918,922 | — | £4,981,305 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Auditor
- Robinson Rice Associates Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.”
Significant events
- “With a known and repeatable revenue stream of fixed vessel management fees 2024 met all expectations, adhering to the budget set for the year and reaching financial KPI's. As vessel managers in a strengthening market the fleet under management achieved strong occupancy, which in turn provides further security for the company as fleet managers. 99% of the days sold for owners were delivered, a clear sign of a strong effective service delivery by the team. The charter outlook for the fleet under management is strong, signs of a stable market but also that the company is delivering a quality service for vessel owners and their end customer base. With this positive outlook the prospects for the business for 2025 and beyond are strong.”
- “A skills shortage remains present as the offshore wind industry continues to grow. This is mitigated by apprenticeship schemes and stable long term charters providing stability for the companies' personnel. Despite some crewing fluidity during 2022, mainly due to emerging competition with aggressive recruitment strategies, 2023 and 2024 saw a stabilisation in crew retention.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAYLIS, Ian Richard | Director | 2010-10-07 | Feb 1977 | British |
| BAYLIS, Nia Ann | Director | 2019-10-29 | Jul 1977 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYLIS, Nia Ann | Director | 2010-10-20 | 2019-01-24 |
| DREW, Mark James | Director | 2021-12-16 | 2024-01-29 |
| JORGENSEN, Peter Torben | Director | 2010-10-07 | 2010-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Anagram Services Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-10-22 | Active |
| Mr Ian Richard Baylis | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-22 |
| Mrs Nia Ann Baylis | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-22 |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-11-18 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-09-29 | AA | accounts | accounts with accounts type full |
| 2024-11-05 | CH01 | officers | change person director company with change date |
| 2024-11-05 | CH01 | officers | change person director company with change date |
| 2024-11-05 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-11-05 | CH01 | officers | change person director company with change date |
| 2024-11-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-01-30 | TM01 | officers | termination director company with name termination date |
| 2023-11-15 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-07-12 | AA | accounts | accounts with accounts type total exemption full |
| 2022-11-04 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-11-04 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-11-04 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-11-04 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2022-10-10 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-13 | AA | accounts | accounts with accounts type total exemption full |
| 2021-12-23 | AA01 | accounts | change account reference date company current shortened |
| 2021-12-23 | AA | accounts | accounts with accounts type total exemption full |
| 2021-12-20 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
6.30
SAFE
Altman Z″
- Working capital / Total assets 0.520 × 6.56 = +3.41
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.210 × 6.72 = +1.41
- Book equity / Total liabilities 1.410 × 1.05 = +1.48
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory