BRAEMAR SHIPBROKING LIMITED
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Cash
£2.6m
-57.6% lowest in 3 filed years
Net assets
£17m
-26.9% lowest in 3 filed years
Employees
181
-3.2% vs 2025
Profit before tax
£5.4m
-1.5% vs 2025
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £67,082,000 | £57,745,000 | £57,454,000 | -0.5% | |
| Operating profit | £4,346,000 | £5,359,000 | £5,849,000 | +9.1% | |
| Profit before tax | £4,678,000 | £5,450,000 | £5,369,000 | -1.5% | |
| Net profit | £3,474,000 | £3,814,000 | £3,960,000 | +3.8% | |
| Cash | £4,277,000 | £6,093,000 | £2,586,000 | -57.6% | |
| Total assets less current liabilities | £19,895,000 | £23,727,000 | — | — | |
| Net assets | £19,895,000 | £23,727,000 | £17,355,000 | -26.9% | |
| Equity | £19,895,000 | £23,727,000 | £17,355,000 | -26.9% | |
| Average employees | 177 | 187 | 181 | -3.2% | |
| Wages | £35,945,000 | £34,061,000 | £36,469,000 | +7.1% | |
| Directors' remuneration | £1,559,000 | £1,459,000 | £3,324,000 | +127.8% |
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 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 6.5% | 9.3% | 10.2% | |
| Net margin | 5.2% | 6.6% | 6.9% | |
| Return on capital employed | 21.8% | 22.6% | — | |
| Gearing (liabilities / total assets) | 72.2% | 55.5% | 63.7% | |
| Current ratio | 0.43x | 0.80x | 0.83x | |
| Interest cover | — | — | 8.56x |
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 5 times since incorporation
- BRAEMAR SHIPBROKING LIMITED 2022-09-08 → present
- BRAEMAR ACM SHIPBROKING LIMITED 2014-10-01 → 2022-09-08
- BRAEMAR SEASCOPE LIMITED 2001-12-10 → 2014-10-01
- SEASCOPE SHIPPING LIMITED 1982-09-29 → 2001-12-10
- SEASCOPE LIMITED 1980-12-31 → 1982-09-29
- SEASCOPE SHIPBROKERS LIMITED 1971-08-16 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company has sufficient resources to continue in operation for the foreseeable future which includes a letter of support from Braemar Pic, the ultimate parent undertaking and controlling party. For this reason, they continue to adopt the going concern basis in preparing the Financial Statements.”
Group structure
- BRAEMAR SHIPBROKING LIMITED · parent
- Braemar Seascope Italia SRL 100%
- Braemar ACM Shipbroking India Private Limited 49.9%
Significant events
- “The branch in Beijing - People's Republic of China was closed during the year.”
- “The Company recognised a loss of £0.7 million on forward exchange agreements due to one of the Company's counterparties going into administration (2025: £nil).”
- “During the year, one of the Company's counterparties to its forward foreign exchange contracts was placed into administration. From the date that the Company determined there to be a significant increase in credit risk, such that it dominated the fair value changes of the derivatives, the Company discontinued hedge accounting. The net fair value loss on outstanding derivative contracts with this counterparty from this date is not included within Revenue as hedge accounting is no longer permitted under IFRS 9.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WEKWETE, Rebecca-Joy Nozipho | Secretary | 2024-09-05 | — | — |
| BORTHWICK, Alistair Trond | Director | 2017-01-20 | Jun 1969 | British |
| FOLEY, Grant Jeffrey | Director | 2023-08-01 | Oct 1972 | British |
| GUNDY, James Christopher Duchar | Director | 2015-01-30 | Apr 1965 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AUSTIN, Thomas Terence | Secretary | 1997-05-20 | 2000-11-30 |
| BUGDEN, Laura Mary | Secretary | 2011-06-01 | 2013-12-12 |
| KIDWELL, James Richard De Villeneuve | Secretary | 2002-08-01 | 2011-06-24 |
| MASON, Peter Timothy James | Secretary | 2017-09-01 | 2022-07-14 |
| SOUTHERN, James Charles | Secretary | — | 1997-05-20 |
| VANE, Alexander Chandos Tempest | Secretary | 2013-12-12 | 2017-08-18 |
| WALTER, Derek Edmund Piers | Secretary | 2000-11-30 | 2002-08-01 |
| ABEL, Robert Francis | Director | — | 2002-03-26 |
| AUSTIN, Thomas Terence | Director | — | 2001-06-30 |
| BATT, Christopher | Director | 2012-02-13 | 2012-07-06 |
| BEER, Martin Francis Stafford | Director | 2013-08-21 | 2015-06-24 |
| BODKIN, John Hunter | Director | — | 2012-11-01 |
| BOLLAND, Julian Raymond Fearne | Director | 1992-04-06 | 2000-11-30 |
| BOWYER, Neil Brian | Director | 1996-10-02 | 2001-01-05 |
| BUCKLEY, Christopher | Director | — | 2005-08-31 |
| CAGNOLI, Massimo | Director | 2012-02-13 | 2012-10-22 |
| CASE, Andrew Leigh | Director | 2002-08-06 | 2006-05-22 |
| CUNDALL, Charles Henry | Director | 1992-04-06 | 2015-02-20 |
| CUNNINGHAM, Guy Christopher | Director | 2006-08-24 | 2010-06-30 |
| DAVENPORT-THOMAS, Sebastian Guy | Director | 2010-08-01 | 2023-09-30 |
| DIXON, Tony Fredwyn | Director | — | 2002-03-26 |
| DONALDSON, Robert Bruce | Director | 1992-04-06 | 2002-03-26 |
| EVANS, Louise Margaret | Director | 2015-06-25 | 2018-06-29 |
| GOODRICH, Steven Graham | Director | 2006-08-24 | 2010-06-30 |
| HILL, Duncan John | Director | 1998-09-21 | 2000-06-22 |
| JACKSON, Glen Stewart | Director | 2015-02-20 | 2017-10-30 |
| JEWELL, Philip Nicholas | Director | 2012-02-13 | 2012-10-22 |
| KIDWELL, James Richard De Villeneuve | Director | 2002-08-01 | 2019-07-26 |
| KINROSS, Julian Macalister | Director | — | 2001-01-05 |
| LONG, Christopher Frederick | Director | 1992-04-06 | 1995-10-20 |
| LORKIN, John | Director | 2012-02-13 | 2015-02-20 |
| MARCH, Ross James | Director | 2012-02-13 | 2014-12-12 |
| MARSH, Alan Robert William | Director | 2001-03-20 | 2014-12-12 |
| MORECROFT, Simon Frank Peter | Director | 2002-08-06 | 2021-10-14 |
| MULLEY, John Norman | Director | — | 1999-07-28 |
| PETROPOULOS, Denis Andreas | Director | 2002-08-06 | 2017-11-15 |
| RAE, Andrew | Director | 1997-07-01 | 2002-03-26 |
| RUDD, Michael Amyas Charles | Director | 2015-01-30 | 2018-04-26 |
| SHAW, Iain Malcolm | Director | — | 2006-06-21 |
| SIMMONDS, Tristram Peter | Director | 2022-09-07 | 2025-03-07 |
| SJOBERG, Nicholas John | Director | 2006-08-24 | 2010-06-30 |
| SOANES, Quentin Bruce | Director | 2001-03-20 | 2012-10-22 |
| SOUTHAN, Jonathan Robert James | Director | 2006-08-24 | 2010-06-30 |
| STONE, Nicholas Philip | Director | 2019-07-08 | 2023-07-31 |
| STREVENS, Alan Douglas Brian | Director | — | 2002-02-28 |
| WALTER, Derek Edmund Piers | Director | 2000-11-30 | 2002-07-31 |
| WARD, Vincent Glendower | Director | — | 2000-11-30 |
| WILLIAMS, Andrew Michael Glyndwr | Director | 1992-04-06 | 2021-09-14 |
| WILSON, Michael Allen | Director | 2012-02-13 | 2016-01-21 |
| WILSON, Stephen | Director | 2012-02-13 | 2015-02-20 |
| YOUNG, Thomas David Hayward | Director | — | 1999-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Braemar Shipbroking Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 253 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2025-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | CH01 | officers | Change person director company with change date | |
| 2024-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-20 | AA | accounts | Accounts with accounts type full | |
| 2024-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-02-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-12-09 | AA | accounts | Accounts with accounts type full | |
| 2023-12-09 | AA | accounts | Accounts with accounts type full | |
| 2023-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-12-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-14 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.