ARGO NAUTICAL LIMITED
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Cash
£1.7m
-20% vs 2024
Net assets
£23m
-9.1% vs 2024
Employees
115
-2.5% vs 2024
Profit before tax
-£2.7m
-197% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £91,091,814 | £69,589,268 | -23.6% | |
| Operating profit | £3,303,690 | -£1,296,530 | -139.2% | |
| Profit before tax | £2,818,709 | -£2,733,425 | -197% | |
| Net profit | £2,478,178 | -£2,335,721 | -194.3% | |
| Cash | £2,155,293 | £1,724,090 | -20% | |
| Total assets less current liabilities | £25,707,765 | £23,299,589 | -9.4% | |
| Net assets | £25,635,310 | £23,299,589 | -9.1% | |
| Equity | £25,635,310 | £23,299,589 | -9.1% | |
| Average employees | 118 | 115 | -2.5% | |
| Wages | £5,721,095 | £5,557,242 | -2.9% | |
| Directors' remuneration | £746,813 | £834,924 | +11.8% | |
| Directors' pension contributions | £9,548 | £9,548 | 0% | |
| Highest paid director | £357,836 | £379,610 | +6.1% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 3.6% | -1.9% | |
| Net margin | 2.7% | -3.4% | |
| Return on capital employed | 12.9% | -5.6% | |
| Gearing (liabilities / total assets) | 62.4% | 58.8% | |
| Current ratio | 1.55x | 1.63x | |
| Interest cover | 1.89x | -0.88x |
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.
Name history
Renamed 3 times since incorporation
- ARGO NAUTICAL LIMITED 2019-11-11 → present
- PRINCESS INTERNATIONAL SALES AND SERVICE LTD 1996-03-12 → 2019-11-11
- PRINCESS YACHTS INTERNATIONAL LIMITED 1994-08-16 → 1996-03-12
- MARINE (SECOL) TRADING COMPANY LIMITED 1964-12-02 → 1994-08-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future. Accordingly, the directors are satisfied that it is appropriate to adopt the going concern basis in the preparation of the financial statements.”
Group structure
- ARGO NAUTICAL LIMITED · parent
- Argo Nautical Yachting S.L.U 100%
- Argo Nautical GmbH 100%
- Princess Sales and Service (U.K.) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STONE, Andrew Charles | Secretary | 2024-03-28 | — | — |
| CAPEWELL, Colin John | Director | 2012-02-20 | Dec 1966 | British |
| LIPMAN, Roger Philip | Director | 2009-09-01 | Feb 1963 | British |
| STONE, Andrew Charles | Director | 2024-03-28 | Apr 1977 | British |
| WHALE, Henry William | Director | 2008-06-12 | Aug 1973 | British |
| WHALE, Max Howard | Director | 2008-06-12 | Apr 1976 | British |
| WHALE, Peter William | Director | 2007-12-31 | Feb 1949 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMPSON, Keith | Secretary | 2007-12-31 | 2016-03-22 |
| NURPURI, Jatinder Pal Singh | Secretary | 2016-03-22 | 2024-03-28 |
| RUBYTHON, Margaret Yvonne | Secretary | — | 2007-12-31 |
| CLEVERLY, Christopher Ian | Director | 1994-01-01 | 2012-11-28 |
| HAMPSON, Keith | Director | 2007-12-31 | 2016-11-14 |
| NURPURI, Jatinder Pal Singh | Director | 2016-03-22 | 2024-03-28 |
| RUBYTHON, Christopher Andrew Joseph | Director | — | 2009-12-31 |
| RUBYTHON, John | Director | — | 2007-12-31 |
| RUBYTHON, Margaret Yvonne | Director | — | 2007-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Orca Marine Leisure Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 574 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-09-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-06-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-06-09 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- 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.