UK Companies House feature
ELLERMAN CITY LINERS LIMITED
Cash
£3M
-65.8% vs 2023
Net assets
-£207M
-47.1% vs 2023
Employees
25
-30.6% vs 2023
Profit before tax
-£66M
+55.6% vs 2023
Profile
- Company number
- 13433172
- Status
- Active
- Incorporation
- 2021-06-02
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 50200
Net assets
5-year trend · vs UK Logistics & Mobility median
Accounts
5-year trend · latest 2024-12-31
| Metric | Trend | 2021-06-01 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £58,594,511 | £82,635,569 | |
| Operating profit | — | — | — | -£149,469,593 | -£66,371,259 | |
| Profit before tax | — | — | — | -£149,467,740 | -£66,371,259 | |
| Net profit | — | — | — | -£147,144,461 | -£66,371,259 | |
| Cash | — | — | — | £9,391,313 | £3,211,562 | |
| Total assets less current liabilities | — | — | — | -£13,847,657 | -£28,081,636 | |
| Net assets | — | — | — | -£140,879,807 | -£207,251,066 | |
| Equity | — | -£2,579,163 | £6,264,654 | -£140,879,807 | -£207,251,066 | |
| Average employees | 0 | — | — | 36 | 25 | |
| Wages | — | — | — | £2,261,433 | £1,886,565 |
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
- Reporting scope
- Standalone (parent only)
- Auditor
- THP Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has net current liabilities and a balance sheet deficit. In light of this, the Company has obtained a letter of support from its immediate parent company, confirming that it will take such actions, as may be reasonably necessary, to enable the Company to continue its operations and settle its obligations in the ordinary course of business, meaning without substantial disposition of assets, externally forced revisions of its operations, or similar action, at least until 31 December 2026. Indeed, the parent company has continued its support for the company by providing £176,000,000 in loans by the year end and £26,872,750 since. The parent company has also waived all interest on this loan accrued up to 31 December 2024 and also for the foreseeable future. This amounted to £10,248,562 as at 31 December 2024. The Directors have made reasonable enquiries to enable them to consider the ability of the parent company to support the Company. Taking into account the matters described above the Directors believe that the Company will be able to meet its liabilities as they fall due and will have adequate resources to continue in operational existence until at least 31 December 2026. The financial statements have therefore been prepared on the going concern basis.”
Subsidiaries
- Ellerman City Liners Portugal Unipessoal Lda. · 100% held · Portugal · Shipping agent
- Ellerman City Liners Germany Ltd. & Co. KG · 100% held · Germany · Payroll bureau
- Ellerman City Liners Germany UG · 100% held · Germany · Dormant
Significant events
- “Subsequent to the year end the Company entered into a 3 year extension to an existing charter agreement with a total commitment of £14,987,097.”
- “At the balance sheet sheet, the Company had entered into sub-let charter agreements for 3 of its vessels, with a total minimum income £4,887,962 to be received in 2025.”
- “Subsequent to the year end the Company entered into 2 further sub-let agreements on one vessel for a total of £2,353,914.”
- “The Company is the subject of an ongoing claim made by the insurance company of a customer in relation to the damage of container goods. The total value of the claim is £825,000.”
- “Subsequent to the year end the Company reached a legal agreement, with the assistance of a fellow group company through the transfer of assets, with a third party for the part settlement of a debt of $2,444,603 owed by the Company. The balance owed on this debt at 31 December 2024 was $862,330.”
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
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROOKS, Nicholas Kevin | Secretary | 2023-08-16 | — | — |
| ANDREWS, Peter | Director | 2021-10-06 | Dec 1981 | British |
| LIDDELL, Iain Robert | Director | 2021-06-02 | Jun 1963 | British |
| STOCKMANN, Mathis Konstantin | Director | 2021-10-06 | Mar 1980 | German |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gb Europe Holdings Limited | Corporate entity | Shares 75–100% | 2021-10-06 | Active |
| Mr Iain Robert Liddell | Individual | Shares 75–100%, Voting 75–100% | 2021-06-02 | Ceased 2021-10-06 |
Filing timeline
Last 18 of 18 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-21 | AA | accounts | accounts with accounts type full |
| 2025-06-02 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-20 | AA | accounts | accounts with accounts type full |
| 2024-06-03 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-12-21 | AA | accounts | accounts with accounts type small |
| 2023-08-17 | AP03 | officers | appoint person secretary company with name date |
| 2023-08-08 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-06-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-01-31 | AA | accounts | accounts with accounts type small |
| 2023-01-18 | AD01 | address | change registered office address company with date old address new address |
| 2022-05-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-10-06 | AP01 | officers | appoint person director company with name date |
| 2021-10-06 | AP01 | officers | appoint person director company with name date |
| 2021-10-06 | AA01 | accounts | change account reference date company current shortened |
| 2021-10-06 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2021-10-06 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2021-07-07 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-06-02 | NEWINC | incorporation | incorporation company |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
-22.84
DISTRESS
Altman Z″
- Working capital / Total assets -1.192 × 6.56 = -7.82
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -2.100 × 6.72 = -14.11
- Book equity / Total liabilities -0.868 × 1.05 = -0.91
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