RCL CRUISES LTD
Operating as the UK subsidiary of the NYSE-listed Royal Caribbean Group, the company provides sea passenger transport and travel agency services for major cruise brands including Royal Caribbean International and Celebrity Cruises.
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Cash
£9.2M
USD 12,293,000
-48.6% lowest in 3 filed years
Net assets
£464M
USD 619,710,000
+142.8% highest in 3 filed years
Employees
401
+12% highest in 3 filed years
Profit before tax
£483M
USD 644,632,000
+86.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £1,888,296,901 | £2,576,725,558 | £2,779,614,463 | +7.9% | |
| Operating profit | £83,973,649 | £313,043,869 | £327,184,459 | +4.5% | |
| Profit before tax | £86,811,648 | £258,189,100 | £482,581,225 | +86.9% | |
| Net profit | £86,259,919 | £249,427,309 | £473,656,985 | +89.9% | |
| Cash | £17,555,772 | £17,894,894 | £9,202,725 | -48.6% | |
| Total assets less current liabilities | -£1,244,188,501 | -£969,520,886 | £473,147,178 | +148.8% | |
| Net assets | -£1,340,835,454 | -£1,085,146,729 | £463,924,240 | +142.8% | |
| Equity | -£1,340,835,454 | — | £463,924,240 | — | |
| Average employees | 353 | 358 | 401 | +12% | |
| Wages | £21,122,174 | £27,037,730 | £33,811,199 | +25.1% | |
| Directors' remuneration | £1,734,541 | £1,706,842 | £2,075,910 | +21.6% |
Figures converted to GBP from USD at 0.749 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 | 4.4% | 12.1% | 11.8% | |
| Net margin | 4.6% | 9.7% | 17.0% | |
| Return on capital employed | — | — | 69.2% | |
| Gearing (liabilities / total assets) | — | 215.7% | 56.6% | |
| Current ratio | 0.08x | 0.10x | 0.13x | |
| Interest cover | — | 3.74x | 6.15x |
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 1 time since incorporation
- RCL CRUISES LTD 2010-09-24 → present
- RCL WORLDWIDE LTD 2010-09-06 → 2010-09-24
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors of the Company have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- RCL CRUISES LTD · parent
- Royal Caribbean Cruises Hong Kong Limited 100%
- Royal Celebrity Mexico Cruceros S de R L de CV 100%
- Royal Caribbean Manning India Private Ltd 100%
- RCL Japan Holdings Ltd 100%
- RCL TUI Cruises German Holding GmbH & Co KG 100%
- RCL TUI Cruises German Verwaltungs GmbH 100%
- RCL Cruises (Cyprus) Ltd 100%
- Cielo Asoleado S. de R.L. de C.V. 99%
- Desarrolladora Turistica L 18 de Mexico, S. de R.L. de C.V. 99%
- Frontier International GmbH 100%
- Promociones Turisticas Mahahual, S.A. de C.V. 93%
- PDI Filoxenia Single Member SA 100%
- Fiumicino Waterfront Srl 49%
- Holistica Destinations Ltd 50%
- Ravenna Civitas Cruise Port Srl 10.9%
- Cruise Terminals International Ltd 10%
- Cruise Port Naha GK 50%
- PDI Lelepa Ltd 100%
- TUI Cruises GmbH 50%
- Catalonia Cruise Terminal G. S.L. 4.9%
Significant events
- “On the 29th of January 2026, the Group announced the commitment of Celebrity River Cruises for 10 new ships that will expand its European river cruise fleet to 20 vessels by 2031. The expansion will make Celebrity River Cruises one of the largest European river cruise operators, offering more itineraries and destinations than ever before.”
- “In February 2026, The Group implemented a new accounting system, which the Company was part of. The system replaces the legacy platform used for transactions processing, reporting, and compliance.”
- “In March 2026, RCL Cruises Ltd increased its secured term loan facility agreement by $8,000k, on behalf of Silversea Holding (UK), with Turismos y Hoteles Navarinos SpA (Lakutaia) to provide a financing commitment of up to $38,000k.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SORDO, Indira, Ms. | Secretary | 2024-01-01 | — | — |
| DIXON, Danielle Stella, Ms. | Director | 2024-03-19 | Aug 1992 | British |
| ERIKSEN, Stig, Mr. | Director | 2024-03-19 | Oct 1973 | Norwegian |
| HOLTZ, Naftali, Mr. | Director | 2026-01-01 | Jun 1977 | Israeli |
| LAURSEN, Palle, Mr. | Director | 2026-01-01 | Jan 1974 | Danish |
| NOLAN, Gerard William | Director | 2024-06-21 | Jan 1979 | Irish |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARSHALL, Ruth | Secretary | 2010-09-06 | 2023-12-31 |
| ALLT, Jackie Sian | Director | 2019-10-10 | 2020-10-23 |
| BAUER, Lisa | Director | 2012-03-16 | 2013-09-19 |
| BAYLEY, Michael | Director | 2016-08-01 | 2016-11-29 |
| BAYLEY, Michael William | Director | 2010-09-06 | 2012-03-16 |
| BLOCK, Diana Joan | Director | 2013-11-28 | 2014-07-01 |
| BOULDIN, Benjamin William David | Director | 2020-04-20 | 2024-06-21 |
| FAIN, Richard | Director | 2010-09-06 | 2012-01-01 |
| GLENDINNING, Andrew Edward, Mr. | Director | 2014-02-19 | 2018-11-23 |
| GLENDINNING, Andrew Edward | Director | 2012-03-16 | 2013-06-25 |
| HAWKE, Giles James Martin | Director | 2023-10-17 | 2026-01-01 |
| HERNANDEZ, Alberto Antolin, Mr. | Director | 2024-01-01 | 2024-06-21 |
| KASSELAS, Manolis, Captain | Director | 2017-01-25 | 2023-12-31 |
| LANDIS, Lissa Jean | Director | 2020-12-14 | 2026-01-01 |
| LEVEN, Stuart | Director | 2016-11-29 | 2020-06-23 |
| MARSHALL, Ruth Geraldine | Director | 2010-09-06 | 2023-12-21 |
| MILIARAS, Minas | Director | 2013-06-25 | 2016-09-26 |
| MURRELL, Tracy Jane | Director | 2012-03-16 | 2013-01-01 |
| PAUL, Dominic James | Director | 2012-03-20 | 2016-04-01 |
| RZYMOWSKA, Joanne | Director | 2020-04-20 | 2023-07-24 |
| SANTONI, Doug | Director | 2011-01-01 | 2012-03-16 |
| SMITH, Gavin Stuart | Director | 2016-04-01 | 2020-02-20 |
| STEPHEN, Angela | Director | 2024-06-21 | 2026-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Royal Caribbean Cruises Ltd | Corporate entity | Shares 75–100% | 2020-03-04 | Active |
| Mr Gavin Stuart Smith | Individual | Significant influence | 2016-04-06 | Ceased 2020-02-20 |
Filing timeline
Last 20 of 116 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-30 | AA | accounts | Accounts with accounts type full | |
| 2026-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-15 | SH01 | capital | Capital allotment shares | |
| 2025-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | SH01 | capital | Capital allotment shares | |
| 2024-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-04 | SH01 | capital | Capital allotment shares | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | CH01 | officers | Change person director company with change date | |
| 2024-07-11 | CH01 | officers | Change person director company with change date | |
| 2024-07-04 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | CH01 | officers | Change person director company with change date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 2
- Officers resigned
- 3
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.