PACIFIC SHELF 1855 LIMITED
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Cash
£22m
Latest balance sheet
Net assets
£341m
Equity attributable
Employees
527
Average over period
Profit before tax
-£34m
Period ending 2023-12-31
Net assets
1-year trend · vs Technology median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £123,105,000 | — | |
| Operating profit | -£32,587,000 | — | |
| Profit before tax | -£34,256,000 | — | |
| Net profit | -£27,571,000 | — | |
| Cash | £21,996,000 | — | |
| Total assets less current liabilities | £430,934,000 | — | |
| Net assets | £340,945,000 | — | |
| Equity | £340,945,000 | — | |
| Average employees | 527 | — | |
| Wages | £24,274,000 | — | |
| Directors' remuneration | £9,000 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | -26.5% | |
| Net margin | -22.4% | |
| Return on capital employed | -7.6% | |
| Gearing (liabilities / total assets) | 28.5% | |
| Current ratio | 1.43x | |
| Interest cover | -19.52x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reasonably concluded that the group and company will continue in operational existence for the foreseeable future.”
Group structure
- PACIFIC SHELF 1855 LIMITED · parent
- Auctane Limited 100%
- Auctane Germany GmbH 100%
- Auctane Poland Sp. Z.o.o. 100%
- Packlink Shipping SL 100%
Significant events
- “On 30 June 2026, the group advanced a seven-year loan of £22.4m ($29.5 USD) to Auctane Inc. at an interest rate of 6.00% per annum.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MADINE, Thomas Francis | Director | 2026-06-11 | Nov 1971 | American |
| PEARLSTEIN, Jacob | Director | 2026-06-11 | Feb 1964 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABDELSALAM, Tamer | Director | 2023-09-30 | 2025-05-02 |
| CARBERRY, Jeffrey | Director | 2018-07-06 | 2022-07-28 |
| CASPER, William Earl | Director | 2023-09-30 | 2025-06-30 |
| DEODHAR, Amit Pranay | Director | 2023-06-14 | 2023-09-30 |
| GILL III, Kinloch | Director | 2025-06-30 | 2026-06-11 |
| JONES, Daniel Bryan | Director | 2022-07-29 | 2023-05-01 |
| LEBEAU, Eric Guy Maurice | Director | 2023-06-14 | 2023-09-30 |
| LIPSON, Matthew | Director | 2018-07-06 | 2023-09-30 |
| LOMBARDI, Salvatore | Director | 2025-06-30 | 2026-06-11 |
| MCBRIDE, Kenneth | Director | 2018-07-06 | 2022-07-28 |
| NORMAN, Andrew Michael | Director | 2022-07-29 | 2023-06-14 |
| SPENCE, Kristi Dawn | Director | 2023-09-30 | 2025-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Auctane, Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-06 | Active |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type group | |
| 2026-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2024-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.