CHARLES M.WILLIE & CO.(SHIPPING)LIMITED
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Cash
£3.4M
+4.6% vs 2024
Net assets
£24M
+4.5% highest in 3 filed years
Employees
138
+5.3% vs 2024
Profit before tax
£1.8M
-40.1% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £50,504,686 | £43,471,168 | £47,507,200 | +9.3% | |
| Operating profit | £12,068,845 | £6,318,377 | £6,303,394 | -0.2% | |
| Profit before tax | £8,435,818 | £2,975,379 | £1,781,777 | -40.1% | |
| Net profit | £6,366,868 | £1,922,518 | £1,006,969 | -47.6% | |
| Cash | £4,620,551 | £3,243,365 | £3,392,056 | +4.6% | |
| Total assets less current liabilities | £53,065,792 | £52,695,775 | £59,508,725 | +12.9% | |
| Net assets | £22,611,509 | £22,512,320 | £23,519,291 | +4.5% | |
| Equity | £22,611,509 | £22,512,320 | £23,519,291 | +4.5% | |
| Average employees | 138 | 131 | 138 | +5.3% | |
| Wages | £6,128,619 | £5,987,207 | £6,464,412 | +8% | |
| Directors' remuneration | £133,986 | £482,561 | £658,098 | +36.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | 23.9% | 14.5% | 13.3% | |
| Net margin | 12.6% | 4.4% | 2.1% | |
| Return on capital employed | 22.7% | 12.0% | 10.6% | |
| Current ratio | 1.08x | 0.97x | 0.83x | |
| Interest cover | 4.63x | 2.53x | 2.05x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that it is appropriate for the company's financial statements to be prepared on a going concern basis. The directors are taking steps to minimise the effect on the group and will continue to do so. In the circumstances they have concluded that no adjustments or additional disclosures are required to the financial statements at this time.”
Group structure
- CHARLES M.WILLIE & CO.(SHIPPING)LIMITED · parent
- Charles M Willie & Co (Property) Limited 50%
- Sadlers Hair & Beauty Salon Limited 100%
Significant events
- “Regarding future developments, the directors will continue to look for opportunities to sell older vessels and replace them with newer ones, but only at the right price. In addition the company has now entered into joint ventures with its German partners to have 2 new ships built in the far east, delivery of the first ship due later in 2026, and the second early 2027.”
- “On 15 January 2026 the company entered into a partnership agreement registered in Hamburg. The objective of the partnership is the acquisition and operation of a vessel currently under construction. The forecast estimate of cash commitments under this partnership are in the region of 1.9 million USD over the 2026 period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PEARSON, Donald Steven Campbell | Secretary | 2001-10-12 | — | British |
| REID, Adam Alexander | Director | 2024-11-06 | May 1987 | British |
| REID, Andrew Robert | Director | 2000-07-10 | May 1954 | British |
| REID, Daniel David | Director | 2024-11-06 | Mar 1994 | British |
| REID, Matthew Alastair | Director | 2024-11-06 | Sep 1985 | British |
| REID, Nicholas James | Director | 2024-11-06 | May 1990 | British |
| REID, Richard Mark | Director | 2024-11-06 | Dec 1985 | British |
| REID, Stuart Philip | Director | — | Mar 1957 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNTLEY, Richard Charles | Secretary | — | 2001-10-12 |
| REID, Andrew Robert | Director | — | 2000-01-31 |
| REID, Douglas Clifford | Director | — | 2001-09-30 |
| REID, Edna Mary | Director | — | 2001-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Robert Reid | Individual | Significant influence | 2016-04-06 | Active |
| Mr Stuart Philip Reid | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 368 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type group | |
| 2026-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-06 | AA | accounts | Accounts with accounts type group | |
| 2025-03-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.