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Flag Shipping Services Limited

01671931

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

52290
Other transportation support activities

Officers

Lucas Pangalos

secretary

British

Lucas Pangalos

director

British

Christos Michael Tsolas

director · Since 24/07/1999

Greek

Former

Terence David Bell

director · Resigned 24/07/1999

Panagos Lemos

director · Resigned 04/11/2003

CompanyRankvs 17590+ SIC 52290 peers
75

Financial strength92th 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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1759Flag Shipping Services Limited
75
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—

Derived from filed accounts. Not audited figures.