AFFINITY (SHIPPING) LLP

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements 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 group's and limited liability partnership's ability to continue as a going concern for a period to 30 September 2026.”

Group structure

1. AFFINITY (SHIPPING) LLP · parent
   1. Affinity and Beyond LLP 51% · UK · Ship broking
   2. Affinity LNG LLP 51% · UK · Ship broking
   3. Affinity Research LLP 51% · UK · Research
   4. Affinity Valuations Limited 100% · UK · Ship valuations
   5. Affinity Financial Products LLP 100% · UK · Maritime advisory
   6. Affinity Shipping International Ltd 100% · UK · Holding company
   7. Affinity LNG Pte Ltd 26% · Singapore · Ship broking
   8. Affinity Tankers Limited 51% · UK · Ship broking
   9. Affinity Korea Ltd 51% · South Korea · Marine advisory
   10. Affinity Shipbrokers Pte Ltd 100% · Singapore · Holding company
   11. Affinity Dry Bulk Limited 51% · UK · Ship broking
   12. Affinity Offshore AS 51% · Norway · Ship broking
   13. Affinity Projects Ltd 100% · UK · Holding company
   14. Service & Transport SAS 51% · France · Marine advisory
   15. Affinity Cape Bulk Pte Ltd 26% · Singapore · Holding company
   16. Affinity Gas Ltd 51% · UK · Ship broking
   17. Affinity Tankers LLC 51% · USA · Ship broking
   18. Affinity Tankers Pte Ltd 51% · Singapore · Ship broking
   19. Affinity Tankers & Energy (HK) Ltd 51% · Hong Kong · Ship broking
   20. Affinity Shipping DMCC 51% · UAE · Ship broking
   21. Affinity Dry Cargo Pte Ltd 51% · Singapore · Ship broking
   22. Affinity Americas SpA 51% · Chile · Agency
   23. Affinity Americas (Uruguay) SA 26% · Uruguay · Agency
   24. Affinity Dry Cargo (Rotterdam) BV 51% · Netherlands · Agency
   25. Affinity Shipbrokers (Canada) Ltd 26% · Canada · Shipbroking
   26. Affinity Specialised AS 26% · Norway · Shipbroking
   27. Affinity Specialised Brasil Ltda 43% · Brazil · Shipbroking
   28. Affinity Dry New York LLC 51% · USA · Shipbroking
   29. Affinity LNG Projects Ltd 100% · UK · Ship broking
   30. Affinity Shipbrokers (Australia) Pty Ltd 51% · Australia · Ship agency
   31. Affinity Shipbrokers New Zealand Ltd 51% · New Zealand · Ship agency
   32. Seaway International Co SRL 51% · Romania · Crew management
   33. Affinity Gas PTE Ltd 51% · Singapore · Shipbroking
   34. Affinity S&P Pte Ltd 51% · Singapore · Ship broking

Significant events

• “The outlook for 2025 is uncertain in view of the continuing disruptions to international trade caused by the conflicts in Gaza and Ukraine, the resultant sanctions imposed on Russia and the uncertainties arising from the US Administration's imposition of tariffs and penalties.”
• “Under the terms of a retirement agreement with a departing member dated 26 February 2025, the LLP entered into certain commitments, the most significant of which is to pay the departing member a residual profit share of £10 million, payable in four equal annual instalments commencing on 31 March 2025.”
• “Subsequent to the reporting date, the LLP entered into a bank overdraft arrangement with The Royal Bank of Scotland plc securing a facility of £5,000,000, repayable on demand. The agreement was finalised on 3 July 2025.”
• “Subsequent to the reporting date, the LLP disposed of a material shareholding in Himalaya Shipping Limited, the investment held in Affinity Shipholdings I LLP. The LLP recognised a material gain on the disposal.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +5.1%

  £56,608,126 → £59,507,176

• Cash

  -2.4%

  £16,412,674 → £16,021,609

• Net assets

  -3.1%

  £20,116,255 → £19,491,523

• Employees

  +11.6%

  164 → 183

• Operating profit

  -12.1%

  £16,080,800 → £14,129,508

• Profit before tax

  -33.9%

  £9,269,509 → £6,130,927

• Wages

  +9.2%

  £24,256,379 → £26,493,433

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