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Shipco Transport Limited

02298865

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ESSEX HOUSE 8 THE SHRUBBERIES, SOUTH WOODFORD, E18 1BD
Incorporated 22/09/1988

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

52241
Cargo handling for water transport activities
52242
Cargo handling for air transport activities
52243
Cargo handling for land transport activities

Officers

Amanda Lesley Baker

secretary · Since 02/06/2021

Peter Mork Andersen

director · Since 01/08/2025

Danish

Klaus Henry Jepsen

director · Since 02/03/1998

Danish

Former

Jens Andersen

secretary · Resigned 02/12/2002

Roger Henry Franklin

secretary · Resigned 27/04/2010

Denis John Gibson

secretary · Resigned 17/08/2001

David John Pennell

secretary · Resigned 02/06/2021

Clyde Secretaries Limited

corporate secretary · Resigned 18/05/1992

Jens Andersen

director · Resigned 02/12/2002

Denis John Gibson

director · Resigned 17/08/2001

Morten Jaepelt

director · Resigned 01/08/2025

Per Tonnes Pederson

director · Resigned 04/05/1993

Arne Simonsen

director · Resigned 26/01/1998

CompanyRankvs 590+ SIC 52241 peers
71

Financial strength96th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.43× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Ba

Key FinancialsYear ending 31/12/2024

Turnover

£20.3M

Annual revenue

Net Worth

£1.6M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Profit Before Tax

£1.8M

Bottom line earnings

Net Current Assets

£1.6M

Working capital

Current Assets

£5.3M

Current Liabilities

£3.7M

Fixed Assets

£47k

Debtors

£3.9M

Cost of Sales

£16.5M

Gross Profit

£3.8M

Admin Expenses

£2.1M

Operating Profit

£1.7M

Profit After Tax

£1.3M

40avg. employees+4

Tax at Year End

Corp tax£274k
Dividends paid£1.4M

People Costs

Wages & salaries£1.7M
NI contributions£151k

Balance Sheet

Assets less current liabilities£1.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.43-£70k
20231.63—

Derived from filed accounts. Not audited figures.