HCT PORTLAND LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have considered the net liability position and ongoing operating losses. The Group sold the entire fleet during 2021 and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. All assets and liabilities have been classified as current and impaired where necessary to reflect fair values less costs of disposal. No other departures from accounting or reporting standards are made.

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

Malde & Co

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have considered the net liability position and ongoing operating losses. The Group sold the entire fleet during 2021 and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. All assets and liabilities have been classified as current and impaired where necessary to reflect fair values less costs of disposal. No other departures from accounting or reporting standards are made.”

Group structure

1. HCT PORTLAND LIMITED · parent
   1. Hudson Chemical Tankers Limited 0.75% · U.K. · Holding company
   2. Hudson Richmond Limited 0.75% · U.K · No longer trading
   3. Hudson Camden Limited 0.75% · U.K · No longer trading
   4. Hudson Kensington Limited 0.75% · U.K · No longer trading
   5. Hudson Brent Limited 0.75% · U.K · No longer trading
   6. Hudson Lisse Limited 0.75% · U.K · No longer trading
   7. Hudson Almere Limited 0.75% · U.K · No longer trading
   8. Hudson Arnhem Limited 0.75% · U.K · No longer trading

Significant events

• “The Group disposed of its entire fleet during 2021 and utilised the proceeds to settle outstanding liabilities including partial settlement of the bank loan.”
• “There have been no events subsequent to the balance sheet date.”

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

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

  —

  Not reported

• Cash

  -44.6%

  £6,109 → £3,384

• Net assets

  -10.5%

  -£47,064,141 → -£51,996,171

• Employees

  —

  Not reported

• Operating profit

  +75%

  -£338,177 → -£84,520

• Profit before tax

  -6.4%

  -£4,633,463 → -£4,932,030

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