WESTERN FERRIES (CLYDE) LIMITED
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Cash
£10M
+16.4% vs 2024
Net assets
£21M
+9.8% vs 2024
Employees
70
-2.8% vs 2024
Profit before tax
£3.5M
+20.7% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £10,452,000 | £10,784,000 | +3.2% | |
| Operating profit | £2,629,000 | £3,076,000 | +17% | |
| Profit before tax | £2,869,000 | £3,462,000 | +20.7% | |
| Net profit | £2,155,000 | £2,572,000 | +19.4% | |
| Cash | £8,772,000 | £10,209,000 | +16.4% | |
| Total assets less current liabilities | £20,691,000 | £22,416,000 | +8.3% | |
| Net assets | £19,173,000 | £21,045,000 | +9.8% | |
| Equity | £19,173,000 | £21,045,000 | +9.8% | |
| Average employees | 72 | 70 | -2.8% | |
| Wages | £3,317,000 | £3,344,000 | +0.8% | |
| Directors' remuneration | £440,000 | £481,000 | +9.3% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 25.2% | 28.5% | |
| Net margin | 20.6% | 23.9% | |
| Return on capital employed | 12.7% | 13.7% | |
| Current ratio | 8.79x | 7.43x |
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
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors review and update cash flow and trading forecasts to ensure the Company has sufficient resources to enable it to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements. The directors have considered the impact of the ongoing economic uncertainty in preparing and updating the forecasts based on reasonable expectations and assumptions which show that the Company has adequate working capital to continue trading over this period and the directors are satisified that the Company will have adequate resources to continue as a going concern for the foreseeable future.”
Group structure
- WESTERN FERRIES (CLYDE) LIMITED · parent
- Eastern Lines Limited 100%
- Clyde Ferries Limited 100%
Significant events
- “Subsequent to the year end, the company entered into contracts for the construction of two new vessels with a total cost of £21.6 million. The decision to proceed had been approved by the board prior to 31 March 2025, but the contractual commitment did not arise until May 2025. Delivery of the vessels is expected in October 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PROCTOR, Samantha | Secretary | 2019-01-19 | — | — |
| DENHAM, James Henry Seymour | Director | 2016-04-29 | Mar 1964 | British |
| FLETCHER, Graeme John | Director | 2004-04-01 | May 1962 | British |
| HARRIS, James Iain | Director | 2023-01-26 | Apr 1966 | British |
| MCLUNDIE, Alistair Campbell, Captain | Director | 2019-08-01 | Jul 1965 | British |
| PROCTOR, Samantha Catherine | Director | 2025-01-01 | Sep 1974 | British |
| ROSS, Gordon | Director | 2004-04-01 | Jun 1967 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAIRD, David George | Secretary | — | 1998-07-23 |
| BEATTIE, Marjorie | Secretary | 2004-03-29 | 2019-01-19 |
| CADENHEAD, Kenneth Caldwell | Secretary | 1998-07-23 | 2004-03-29 |
| BEATTIE, Marjorie | Director | 2004-04-01 | 2019-01-19 |
| BRADLEY, Alan James | Director | — | 1998-10-13 |
| BURROWS, Ian Edwin | Director | — | 2003-03-07 |
| CADENHEAD, Kenneth Caldwell | Director | — | 2004-04-06 |
| DENHAM, John Lang Mangles | Director | 1998-10-16 | 2016-04-12 |
| HARRIS, David Richard | Director | 1998-10-16 | 2019-07-05 |
| HARRISON, Iain Victor Robinson | Director | — | 1998-06-12 |
| ROBERTSON, George Islay Macneil, The Rt Hon Lord | Director | 2006-01-01 | 2023-12-31 |
| ROSS, Alistair Fraser | Director | 1998-10-16 | 2019-07-05 |
| WILSON, Andrew George | Director | — | 1998-10-13 |
| WORDIE, Peter Jeffrey | Director | — | 1998-10-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John Lang Mangles Denham | Individual | Shares 25–50% | 2016-04-06 | Ceased 2019-04-03 |
| Mrs Emma Burrows | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 211 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | AA | accounts | Accounts with accounts type full | |
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | AA | accounts | Accounts with accounts type full | |
| 2025-01-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-12-13 | CH01 | officers | Change person director company with change date | |
| 2022-12-13 | CH01 | officers | Change person director company with change date | |
| 2021-12-30 | AA | accounts | Accounts with accounts type full |
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.