MADRID TRADER SHIPPING LIMITED
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Cash
£61K
USD 81,000
Latest balance sheet
Net assets
-£46K
USD -62,000
Equity attributable
Employees
0
Average over period
Profit before tax
£147K
USD 196,000
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
-
Accounts not prepared on a going-concern basis
The Company's vessel was disposed of in 2023 and the directors intend to liquidate the Company. The directors do not consider the Company to be a going concern and accordingly these financial statements have been prepared on a basis other than going concern. Lomar Corporation Limited has undertaken to provide financial support to enable the Company to meet its obligations as they fall due until the Company is liquidated.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2023-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £1,866,297 | — | |
| Operating profit | £905,824 | — | |
| Profit before tax | £146,729 | — | |
| Net profit | £146,729 | — | |
| Cash | £60,638 | — | |
| Total assets less current liabilities | — | — | |
| Net assets | -£46,414 | — | |
| Equity | -£46,414 | — | |
| Average employees | 0 | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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 |
|---|---|---|
| Operating margin | 48.5% | |
| Net margin | 7.9% | |
| Gearing (liabilities / total assets) | 145.6% | |
| Current ratio | 0.69x | |
| Interest cover | 1.18x |
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
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Company's vessel was disposed of in 2023 and the directors intend to liquidate the Company. The directors do not consider the Company to be a going concern and accordingly these financial statements have been prepared on a basis other than going concern. Lomar Corporation Limited has undertaken to provide financial support to enable the Company to meet its obligations as they fall due until the Company is liquidated.”
Group structure
- MADRID TRADER SHIPPING LIMITED · parent
- Madrid Trader Maritime Limited
Significant events
- “There have been no significant events subsequent to the reporting date which are outside the Company's normal trading activities, other than those included in Note 20.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEORGIOU, George Nicholas, Mr. | Director | 2023-01-12 | Jan 1973 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HEIDENREICH, Eric Nicolai | Director | 2023-02-06 | 2024-11-05 |
| PSACHOS, Dionysios | Director | 2023-01-12 | 2023-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lomar Twilight Limited | Corporate entity | Shares 75–100% | 2024-11-07 | Active |
| Mr Michail Logothetis | Individual | Shares 75–100% | 2023-01-12 | Ceased 2024-11-07 |
Filing timeline
Last 19 of 19 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-02-28 MA Memorandum articles
- 2023-02-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-22 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-01-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-28 | MA | incorporation | Memorandum articles | |
| 2023-02-28 | RESOLUTIONS | resolution | Resolution | |
| 2023-02-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-02 | SH01 | capital | Capital allotment shares | |
| 2023-01-12 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.