SHIPPING SERVICES LIMITED
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Cash
£7
-100% vs 2023
Net assets
£1M
+4.6% vs 2023
Employees
19
0% vs 2023
Profit before tax
£72K
-92.8% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £6,393,597 | £1,474,260 | |
| Operating profit | £191,042 | £70,181 | |
| Profit before tax | £992,529 | £71,572 | |
| Net profit | £939,794 | £53,962 | |
| Cash | £432,185 | £7 | |
| Total assets less current liabilities | £1,184,007 | £1,227,666 | |
| Net assets | £1,173,704 | £1,227,666 | |
| Equity | £1,173,704 | £1,227,666 | |
| Average employees | 19 | 19 | |
| Wages | £472,819 | £120,510 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.0% | 4.8% | |
| Net margin | 14.7% | 3.7% | |
| Return on capital employed | 16.1% | 5.7% | |
| Gearing (liabilities / total assets) | 27.1% | 10.2% | |
| Current ratio | 3.69x | 9.81x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- ERC Accountants & Business Advisers Limited
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.”
Significant events
- “The company ceased to trade at 31 March 2024 as the trade was transferred over to the parent company Willoughby Warehousing and Freight Services Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLOUGHBY, Daniel James | Secretary | 2014-01-01 | — | British |
| WILLOUGHBY, Daniel James | Director | 2012-12-12 | Apr 1979 | British |
| WILLOUGHBY, Katherine Louise | Director | 2016-05-09 | Jun 1978 | British |
| WILLOUGHBY, Mary Philomena | Director | 2018-01-01 | Mar 1953 | British |
| WILLOUGHBY, Rachel Lucy | Director | 2012-12-12 | Jan 1977 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILLOUGHBY, Mary Philomena Patricia | Secretary | 2012-01-17 | 2017-12-31 |
| WILLOUGHBY, Bernard Michael | Director | 2012-01-17 | 2016-04-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-04-25 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-07 | AA | accounts | Accounts with accounts type full | |
| 2022-05-30 | AA | accounts | Accounts with accounts type full | |
| 2021-06-21 | OSCH03 | officers | Change person director overseas company with change date | |
| 2021-06-18 | OSCH03 | officers | Change person director overseas company with change date | |
| 2021-06-18 | AA | accounts | Accounts with accounts type full | |
| 2021-04-13 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-04-08 | OSCH02 | other | Change company details overseas company | |
| 2021-04-08 | OSCH02 | other | Change company details overseas company | |
| 2020-07-22 | AA | accounts | Accounts with accounts type full | |
| 2019-08-21 | AA | accounts | Accounts with accounts type full | |
| 2018-08-03 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2018-07-18 | OSTM02 | officers | Termination person secretary overseas company with name termination date | |
| 2018-07-11 | AA | accounts | Accounts with accounts type full | |
| 2017-07-12 | AA | accounts | Accounts with accounts type full | |
| 2017-06-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2016-12-14 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2016-03-31 | AA | accounts | Accounts with accounts type full | |
| 2015-06-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-76.9%
£6,393,597 £1,474,260
-
Cash
-100%
£432,185 £7
-
Net assets
+4.6%
£1,173,704 £1,227,666
-
Employees
0%
19 19
-
Operating profit
-63.3%
£191,042 £70,181
-
Profit before tax
-92.8%
£992,529 £71,572
-
Wages
-74.5%
£472,819 £120,510
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