STEAMSHIP P&I MANAGEMENT LLP
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Next accounts due
2026-11-20 (in 6mo)
Last filed for 2025-02-20
Confirmation statement due
2026-07-15 (in 2mo)
Last made up 2025-07-01
Watchouts
None on the register
Cash
£1M
-15.4% vs 2024
Net assets
£8M
+32.5% vs 2024
Employees
240
+5.7% vs 2024
Profit before tax
£14M
-14.7% vs 2024
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-02-20
| Metric | Trend | 2024-02-20 | 2025-02-20 |
|---|---|---|---|
| Turnover | £48,280,356 | £50,123,492 | |
| Operating profit | £15,981,305 | £13,610,449 | |
| Profit before tax | £16,104,066 | £13,735,470 | |
| Net profit | £5,464,703 | £2,570,443 | |
| Cash | £1,565,956 | £1,325,246 | |
| Total assets less current liabilities | £8,534,745 | £10,358,370 | |
| Net assets | £6,367,530 | £8,434,197 | |
| Equity | £6,367,530 | £8,434,197 | |
| Average employees | 227 | 240 | |
| Wages | £15,701,580 | £19,189,971 |
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 | 2024-02-20 | 2025-02-20 |
|---|---|---|---|
| Operating margin | 33.1% | 27.2% | |
| Net margin | 11.3% | 5.1% | |
| Return on capital employed | 187.2% | 131.4% | |
| Gearing (liabilities / total assets) | 51.9% | 44.9% | |
| Current ratio | 0.96x | 0.94x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above the members have a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future and they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- STEAMSHIP P&I MANAGEMENT LLP · parent
- TUCA Holdings Limited 100%
- Steamship Insurance Management Services Limited 100%
- Steamship P&I Management (Singapore) PTE Ltd 100%
- Steamship Insurance Agency (Europe) Limited 100%
- Steamship Mutual Insurance Services North America, LLC 100%
- Steamship Mutual Management (Bermuda) Limited 100%
- Hamilton Investment Management Limited 100%
- Steamship Mutual Management (Hong Kong) Limited 100%
- Lilliput Representacoes LTDA 99%
Significant events
- “During the year a new subsidiary company, Steamship Mutual Insurance Services North America, LLC ("SMISNA") was created to provide insurance and correspondent services to SMUA's North American members and charterers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALFREY, Simon Timothy | Llp Designated Member | 2018-02-20 | May 1967 | — |
| ANDREWS, Jonathan Howard Denis | Llp Designated Member | 2012-07-12 | Jan 1966 | — |
| BENHAM, Adrian David | Llp Designated Member | 2022-02-20 | Mar 1962 | — |
| BRAY, Rohan Marc | Llp Designated Member | 2023-04-20 | Feb 1966 | — |
| CHASE, Sarah Elizabeth Lucy | Llp Designated Member | 2024-02-20 | Oct 1979 | — |
| HARRIS, Rupert William | Llp Designated Member | 2012-07-12 | Oct 1967 | — |
| JONES, Graham Keith | Llp Designated Member | 2020-02-20 | Oct 1974 | — |
| SHELMERDINE, Malcolm Arthur | Llp Designated Member | 2019-02-20 | Feb 1962 | — |
| THAWANI, Arjun | Llp Designated Member | 2018-02-20 | Sep 1975 | — |
| VRETTOS, Fragkiskos Spyridon | Llp Designated Member | 2025-02-20 | Aug 1979 | — |
| WATKINS, Susan Jane | Llp Designated Member | 2023-02-20 | Nov 1978 | — |
| WESTMORE, Jeremy Noel | Llp Designated Member | 2019-02-20 | Dec 1960 | — |
| WD182 PTE. LTD. | Corporate Llp Designated Member | 2026-03-06 | — | — |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Christopher Barry | Llp Designated Member | 2012-07-12 | 2023-02-20 |
| BROWN, Charles Anthony | Llp Designated Member | 2018-03-19 | 2023-02-20 |
| CHRISTIE, David | Llp Designated Member | 2012-07-12 | 2020-02-20 |
| FIELD, Gary Malcolm | Llp Designated Member | 2012-07-12 | 2026-02-20 |
| GORDON, Christine Ann | Llp Designated Member | 2012-07-12 | 2014-08-20 |
| HIRD, Michael Edward | Llp Designated Member | 2015-02-20 | 2017-11-17 |
| HIRD, Michael Edward | Llp Designated Member | 2015-02-20 | 2017-11-17 |
| HULYER, Peter Michael Alun | Llp Designated Member | 2023-03-16 | 2025-07-31 |
| MARTIN, Stephen James | Llp Designated Member | 2012-07-12 | 2025-02-20 |
| RYNSARD, Gary William Frederick, Mr. | Llp Designated Member | 2012-07-12 | 2020-02-20 |
| WARD, Stephen Arthur, Mr. | Llp Designated Member | 2012-07-12 | 2018-02-20 |
| WILLIAMS, Colin Peter | Llp Designated Member | 2012-07-12 | 2020-02-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 70 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2026-03-10 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2026-02-24 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-07-31 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type group | |
| 2025-07-02 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-20 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-02-20 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-11-26 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-07-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type group | |
| 2024-02-20 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2023-11-16 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2023-07-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | AA | accounts | Accounts with accounts type group | |
| 2023-06-01 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2023-04-28 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2023-04-24 | RP04LLTM01 | officers | Second filing of member termination with name | |
| 2023-04-11 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2023-04-11 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-02-20 vs 2024-02-20
-
Turnover
+3.8%
£48,280,356 £50,123,492
-
Cash
-15.4%
£1,565,956 £1,325,246
-
Net assets
+32.5%
£6,367,530 £8,434,197
-
Employees
+5.7%
227 240
-
Operating profit
-14.8%
£15,981,305 £13,610,449
-
Profit before tax
-14.7%
£16,104,066 £13,735,470
-
Wages
+22.2%
£15,701,580 £19,189,971
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