UNION MARITIME LIMITED
Operating as the ultimate parent company of a maritime group, the business provides sea and coastal freight water transport services.
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Cash
£116m
USD 155,882,000
-12.2% vs 2024
Net assets
£646m
USD 871,084,000
+14.4% highest in 3 filed years
Employees
1,046
+28.2% highest in 3 filed years
Profit before tax
£75m
USD 100,750,000
-52.6% 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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £475,988,390 | £506,254,378 | £466,823,748 | -7.8% | |
| Operating profit | £240,631,472 | £192,599,491 | £94,540,260 | -50.9% | |
| Profit before tax | £206,961,092 | £157,696,593 | £74,768,089 | -52.6% | |
| Net profit | £206,534,358 | £157,221,426 | £71,913,915 | -54.3% | |
| Cash | £71,082,523 | £131,719,198 | £115,682,375 | -12.2% | |
| Total assets less current liabilities | £778,626,451 | £978,317,415 | £1,228,883,859 | +25.6% | |
| Net assets | £408,142,454 | £565,258,676 | £646,444,527 | +14.4% | |
| Equity | £408,142,454 | £565,258,676 | £646,444,527 | +14.4% | |
| Average employees | 813 | 816 | 1,046 | +28.2% | |
| Wages | £18,758,237 | £21,055,396 | £22,737,662 | +8% | |
| Directors' remuneration | £10,029,809 | £12,191,977 | — | — | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £7,969,093 | £8,998,727 | £8,633,766 | -4.1% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 50.6% | 38.0% | 20.3% | |
| Net margin | 43.4% | 31.1% | 15.4% | |
| Return on capital employed | 30.9% | 19.7% | 7.7% | |
| Gearing (liabilities / total assets) | 58.6% | 56.8% | 60.5% | |
| Current ratio | 1.02x | 1.10x | 0.10x | |
| Interest cover | 6.13x | 4.49x | 1.88x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors reviewed and stress tested the Group's cash flow forecasts and are confident that the Group will remain in a healthy financial position.”
Group structure
- UNION MARITIME LIMITED · parent
- Union Glory Limited 100%
- Oblue Limited 100%
- Ostrider Limited 100%
- B Emerald Limited 100%
- UML Wimpole Limited 100%
Significant events
- “Subsequent to the balance sheet date, the Group sold two vessels for total consideration of US$56,000,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANSAGRA, Bhupendra Shantilal | Secretary | 2006-01-12 | — | British |
| CADJI, Laurent Elie | Director | 2006-01-12 | Aug 1977 | British |
| CADJI, Lewis Levy | Director | 2006-01-12 | May 1938 | British |
| ENSTON, Matthew Brooks, Mr. | Director | 2024-04-04 | Mar 1978 | British |
| KANSAGRA, Bhupendra Shantilal, Mr. | Director | 2006-01-12 | May 1956 | British |
| KANSAGRA, Ramesh Shantilal, Mr. | Director | 2006-01-12 | Aug 1950 | British |
| KOTSAPAS, Michalis | Director | 2024-04-04 | Oct 1977 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KRALJEVIC, Sarita Michele | Director | 2013-10-01 | 2024-12-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Springfield Shipping Limited | Corporate entity | Voting 50–75% | 2024-06-20 | Active |
| Stg Investment Holdings Limited | Corporate entity | Voting 50–75% | 2024-06-13 | Ceased 2024-06-20 |
| South Central Property Limited | Corporate entity | Shares 50–75% | 2016-04-06 | Ceased 2024-06-13 |
| Solai Holdings Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 286 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-10 RESOLUTIONS Resolution
- 2026-07-10 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type group | |
| 2026-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-09-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-26 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-08-26 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-08-14 | CH01 | officers | Change person director company with change date | |
| 2026-08-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-10 | MA | incorporation | Memorandum articles | |
| 2026-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-20 | 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
- 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.