DALES MARINE SERVICES (GREENOCK) LIMITED
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Cash
£1.4m
+53.9% vs 2024
Net assets
£9.2m
+38.9% highest in 4 filed years
Employees
66
-5.7% vs 2024
Profit before tax
£2.9m
-20% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Directors are confident of meeting its future financial forecasts and its obligations as the Company and wider Group is trading profitably and is cash generative. The Group have two bank loans totalling £14.5m which are due to be repaid in a single payment in March 2027. The Directors have acknowledged this position and are confident the facilities will be refinanced to be repaid over a longer term. The Directors have already commenced discussions with the bank, and prepared financial projections for the period to 31 December 2029. The projections include the Directors best estimate of future trading and show profitable trading and being cash generative.
-
Going-concern uncertainty disclosed
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £15,665,963 | £18,767,553 | £20,332,139 | £20,235,061 | -0.5% | |
| Operating profit | £2,943,280 | £3,437,360 | £3,655,201 | £2,914,068 | -20.3% | |
| Profit before tax | £2,942,790 | £3,439,171 | £3,658,516 | £2,926,182 | -20% | |
| Net profit | £2,452,550 | £2,833,081 | £2,878,623 | £2,562,307 | -11% | |
| Cash | £1,652,733 | £615,764 | £905,123 | £1,392,621 | +53.9% | |
| Total assets less current liabilities | £6,943,497 | £3,982,779 | £6,860,294 | £9,359,475 | +36.4% | |
| Net assets | £6,681,052 | £3,714,133 | £6,592,756 | £9,155,063 | +38.9% | |
| Equity | £6,681,052 | £3,714,133 | £6,592,756 | £9,155,063 | +38.9% | |
| Average employees | 62 | 66 | 70 | 66 | -5.7% | |
| Wages | £2,683,271 | £3,428,509 | £4,088,948 | £3,853,315 | -5.8% | |
| Directors' remuneration | — | £127,894 | £258,772 | £228,872 | -11.6% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | 18.8% | 18.3% | 18.0% | 14.4% | |
| Net margin | 15.7% | 15.1% | 14.2% | 12.7% | |
| Return on capital employed | 42.4% | 86.3% | 53.3% | 31.1% | |
| Gearing (liabilities / total assets) | 23.8% | 58.2% | 40.7% | 27.4% | |
| Current ratio | — | 1.29x | 2.05x | 3.23x |
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 2 times since incorporation
- DALES MARINE SERVICES (GREENOCK) LIMITED 2018-08-31 → present
- GARVEL CLYDE LIMITED 1996-08-06 → 2018-08-31
- GARVEL DRY DOCK COMPANY LIMITED 1987-06-24 → 1996-08-06
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Directors are confident of meeting its future financial forecasts and its obligations as the Company and wider Group is trading profitably and is cash generative. The Group have two bank loans totalling £14.5m which are due to be repaid in a single payment in March 2027. The Directors have acknowledged this position and are confident the facilities will be refinanced to be repaid over a longer term. The Directors have already commenced discussions with the bank, and prepared financial projections for the period to 31 December 2029. The projections include the Directors best estimate of future trading and show profitable trading and being cash generative.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ADAM-OWEN, Kaylea | Director | 2024-01-26 | Jul 1979 | British |
| PATERSON, Kevin | Director | 2022-04-01 | Dec 1987 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AVERY, Stephen John | Secretary | 2007-02-01 | 2014-03-21 |
| EVANS, William Wilson | Secretary | 1997-10-30 | 1999-02-25 |
| GILLESPIE, Irene | Secretary | — | 1997-10-30 |
| HYND, Russell John | Secretary | 1999-02-25 | 2002-05-08 |
| HBJGW SECRETARIAL LIMITED | Corporate Secretary | 2002-05-08 | 2007-02-01 |
| LC SECRETARIES LIMITED | Corporate Secretary | 2014-07-15 | 2020-12-09 |
| ADAMS, Janess | Director | 2002-05-08 | 2014-03-21 |
| ANTCZAK, Kerry Ann | Director | 2014-03-21 | 2017-04-13 |
| AVERY, Stephen John | Director | 2007-07-26 | 2014-03-21 |
| CLARK, Thomas Andrew | Director | 1990-12-17 | 2000-03-24 |
| DEW, Richard | Director | 2020-12-09 | 2020-12-11 |
| EVANS, William Wilson | Director | 1997-10-30 | 2000-03-24 |
| HUGHES, Gerald John | Director | 2002-05-08 | 2014-03-21 |
| HUGHES, Gerald John | Director | 1997-10-30 | 2000-06-20 |
| HYND, Russell John | Director | 2000-03-17 | 2001-08-03 |
| KIRKPATRICK, Ian | Director | 2000-03-17 | 2001-03-12 |
| LUNDY, Robert | Director | 2000-06-20 | 2001-05-21 |
| MILNE, Michael | Director | 2014-03-21 | 2023-05-19 |
| NICOL, Mary | Director | 2014-03-21 | 2020-12-09 |
| NICOL, Maurice James | Director | 2014-03-21 | 2020-12-09 |
| NIXON, James Hendry Kelso | Director | 1995-09-28 | 1996-12-03 |
| O'BRIEN, Paul | Director | 2024-01-26 | 2025-04-30 |
| ROLASTON, Carl Geoffrey | Director | 2002-05-08 | 2013-08-27 |
| SINCLAIR, William Lawrie | Director | — | 1999-11-11 |
| SMITH, Michael Andrew | Director | 2001-03-12 | 2002-01-08 |
| STEEL, Andrew | Director | 2020-12-09 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dales Marine Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 196 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2024-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-10 | CH01 | officers | Change person director company with change date | |
| 2023-10-10 | CH01 | officers | Change person director company with change date | |
| 2023-06-20 | AA | accounts | Accounts with accounts type full | |
| 2023-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-04-27 | CH01 | officers | Change person director company with change date | |
| 2022-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-22 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.