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Flag Shipping Services Limited

01671931

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

104 LANCASTER GATE, W2 3NT
Incorporated 14/10/1982

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/05/2025

Due 19/05/2026

Overdue

Industry

52290
Other transportation support activities

Officers

Lucas Pangalos

secretary · Since 05/05/1992

BRITISH · UNITED KINGDOM · Age 64

Also on 3 other boards

Lucas Pangalos

director · Since 05/05/1992

GENERAL MANAGER

BRITISH · UNITED KINGDOM · Age 64

Also on 3 other boards

Christos Michael Tsolas

director · Since 24/07/1999

ACCOUNTANT

GREEK · GREECE · Age 63

Persons with Significant Control

Michail Veniamis

25–50% shares

Greek · Greece · Age 77

104 Lancaster Gate, W2 3NT

Notified 06/04/2016

Theodoros Veniamis

25–50% shares

Greek · Greece · Age 75

104 Lancaster Gate, W2 3NT

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

WILLIAMS & GLYNS BANK PLC

Created 17/11/1982Registered 19/11/1982Satisfied 17/02/2021

CompanyRankvs 1071+ SIC 52290 peers
75

Financial strength93th percentile among SIC peers · 23/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 2.02× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£208k

Balance sheet strength

Cash

£38k

Cash in the bank

Net Current Assets

£148k

Working capital

Current Assets

£293k

Current Liabilities

£145k

Fixed Assets

£64k

Debtors

£254k

0avg. employees-4

Tax at Year End(2023)

Corp tax£4k

Balance Sheet

Assets less current liabilities£212k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.02+£158k
20231.50+£0
20221.75+£0
20211.56

Derived from filed accounts. Not audited figures.