BLUE WATER LOGISTICS UK LIMITED
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Cash
£1.5M
-62.6% lowest in 5 filed years
Net assets
£1.5M
-62.3% lowest in 5 filed years
Employees
3
0% vs 2024
Profit before tax
-£7.6K
-104.8% lowest in 5 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. However, the underlying contract on which the entity operates has reached maturity following the completion of the module transport. Following the completion of the contracts the entity will cease to trade and the directors have the intention to liquidate the company within the next 12 months and so have prepared the accounts on a basis other than going concern. No adjustments arose as a result of ceasing to apply the going concern basis.
-
Going-concern uncertainty disclosed
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2020-12-31 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £90,942,135 | — | — | — | — | — | |
| Operating profit | £4,525,983 | — | — | £197,792 | -£9,203 | -104.7% | |
| Profit before tax | £4,511,522 | £2,663,492 | £106,696 | £157,668 | -£7,593 | -104.8% | |
| Net profit | £2,946,285 | £2,369,485 | -£223,266 | £152,590 | -£7,593 | -105% | |
| Cash | £16,660,891 | £2,859,020 | £4,794,712 | £4,069,240 | £1,523,293 | -62.6% | |
| Total assets less current liabilities | — | — | — | — | — | — | |
| Net assets | £6,723,138 | — | — | — | — | — | |
| Equity | £6,723,138 | £4,092,623 | £3,869,357 | £4,021,947 | £1,514,354 | -62.3% | |
| Average employees | 6 | 6 | 3 | 3 | 3 | 0% | |
| Wages | £2,207,166 | £1,403,063 | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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 | 2020-12-31 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|---|---|
| Operating margin | 5.0% | — | — | — | — | |
| Net margin | 3.2% | — | — | — | — | |
| Current ratio | — | — | — | 81.73x | — | |
| Interest cover | — | — | — | 4.68x | — |
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
- BLUE WATER LOGISTICS UK LIMITED 2016-02-11 → present
- TROPHY HEARTS LTD 2012-10-24 → 2016-02-11
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- B M Howarth Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. However, the underlying contract on which the entity operates has reached maturity following the completion of the module transport. Following the completion of the contracts the entity will cease to trade and the directors have the intention to liquidate the company within the next 12 months and so have prepared the accounts on a basis other than going concern. No adjustments arose as a result of ceasing to apply the going concern basis.”
Significant events
- “the underlying contract on which the entity operates has reached maturity following the completion of the module transport. Following the completion of the contracts the entity will cease to trade and the directors have the intention to liquidate the company within the next 12 months”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUSCH, Flemming | Secretary | 2019-09-23 | — | — |
| BUSCH, Flemming | Director | 2019-09-23 | Jan 1979 | Danish |
| LAURSEN, Claus Vendelbo | Director | 2016-02-05 | Aug 1971 | Danish |
| NISSEN, Dan Gregers | Director | 2016-02-05 | Dec 1967 | Danish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JUNGE, Allan Vahlun | Secretary | 2016-02-05 | 2019-09-23 |
| JUNGE, Allan Vahlun | Director | 2016-02-05 | 2019-09-23 |
| WILLIAMS, Leon | Director | 2012-10-24 | 2016-02-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Claus Vendelbo Laursen | Individual | Significant influence | 2016-04-06 | Ceased 2020-11-12 |
| Blue Water Fonden | Corporate entity | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AA | accounts | Accounts with accounts type full | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-20 | AA | accounts | Accounts with accounts type full | |
| 2023-03-24 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-18 | AA01 | accounts | Change account reference date company current extended | |
| 2021-12-14 | AA | accounts | Accounts with accounts type full | |
| 2021-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-11-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-11-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-11-10 | AA | accounts | Accounts with accounts type full | |
| 2019-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-05 | AA | accounts | Accounts with accounts type full | |
| 2019-09-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2019-09-26 | 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.