NORTHERN MARINE GROUP LTD
Get an alert when NORTHERN MARINE GROUP LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£4.4m
+1,590.3% highest in 3 filed years
Net assets
£12m
-14.1% lowest in 3 filed years
Employees
135
+22.7% highest in 3 filed years
Profit before tax
-£2.2m
+59% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £11,021,000 | £11,724,000 | £13,311,000 | +13.5% | |
| Operating profit | -£2,271,000 | -£4,559,000 | -£2,858,000 | +37.3% | |
| Profit before tax | -£3,052,000 | -£5,292,000 | -£2,172,000 | +59% | |
| Net profit | -£2,639,000 | -£3,984,000 | -£2,202,000 | +44.7% | |
| Cash | £44,000 | £258,000 | £4,361,000 | +1,590.3% | |
| Total assets less current liabilities | £18,678,000 | £14,003,000 | £11,702,000 | -16.4% | |
| Net assets | £16,643,000 | £13,815,000 | £11,870,000 | -14.1% | |
| Equity | £16,643,000 | £13,815,000 | £11,870,000 | -14.1% | |
| Average employees | 109 | 110 | 135 | +22.7% | |
| Wages | £5,976,000 | £7,746,000 | £7,463,000 | -3.7% | |
| Directors' remuneration | £531,000 | £732,000 | £549,000 | -25% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -20.6% | -38.9% | -21.5% | |
| Net margin | -23.9% | -34.0% | -16.5% | |
| Return on capital employed | -12.2% | -32.6% | -24.4% | |
| Current ratio | 1.50x | 0.92x | 1.07x | |
| Interest cover | -2.70x | -5.36x | -6.06x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's forecasts and projections, taking account of reasonably possible changes, show that the company should be able to operate within its current level of funding facilities. The company has obtained a letter of support from its immediate parent to further guarantee that the entity has access to financing for at least the next 12 months. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.”
Group structure
- NORTHERN MARINE GROUP LTD · parent
- The Clyde Group Limited 100%
- NMG Ship Management Ltd 100%
- NMG Marine Services Ltd 100%
- NMG Business Services Ltd 100%
- NMG Corporate Services Ltd 100%
- Northern Marine Management Shanghai Limited 100%
- Northern Marine (Shanghai) Ltd 100%
- Austen Maritime Services Consulting (Shanghai) Co Ltd 100%
- Clyde Marine Training Limited 100%
- Clyde Travel Limited 100%
- Clyde Travel AB 100%
- Aurora Digital Solutions Limited 100%
- Northern Marine Ship Management Ltd 100%
- Austen Maritime Hong Kong 100%
- Maritime Global Services LLC 100%
- Maritime Global Services Pte Ltd 100%
- Maritime Global Services LLP 100%
- International Marine Assurance Services Limited 100%
- Francois Offshore Catering Ltd 100%
- Skye Management Holdings LLC 100%
- Northern Marine Pte Ltd 100%
- Clyde Travel AS 100%
- Clyde Travel Oy 100%
- Clyde Travel PTE 100%
- Northern Marine Management Limited 100%
- Northern Marine Management USA LLC 100%
- Northern Marine Management Pte Ltd 100%
- Tritec Marine Ltd 100%
- Francois Offshore Catering Pte Ltd 100%
- Austen Maritime Korea Limited 100%
- Northern Marine Manning Services Limited 100%
- Northern Marine Manning Services ApS 100%
- Northern Marine Management India Pvt Limited 98%
- Northern Marine Manning Services Pte Limited 100%
- Austen Maritime Services Pte Limited 100%
- Stena Marine Management Pte Limited 100%
- Stena Drilling Pte Limited 100%
- Meridian Shipping Services Pte Limited 100%
- Maritime Global Services Ltd 100%
- Stena Marine Services GmbH 100%
- Clyde Travel LLC 100%
- Austen Energy Services Pte 100%
- International Marine Assurance Services LLP 100%
Significant events
- “During March 2025, the company disposed of its investment in Clyde Training Solutions Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| POLLOCK, James | Secretary | 2024-11-12 | — | — |
| BERGLUND, Mats Henrik | Director | 2022-07-14 | Nov 1962 | Swedish |
| FULLERTON, Philip William Boyd | Director | 2017-03-22 | Sep 1975 | British |
| HULT, Dora Annika Melville | Director | 2020-12-08 | Apr 1973 | Swedish |
| LINDBOM, Johan Marcus | Director | 2022-07-14 | Apr 1977 | Swedish |
| LUNDBERG, Lotte Gronborg | Director | 2019-12-07 | Apr 1959 | Danish |
| SAMUELS, Helen Julia | Director | 2025-05-14 | May 1970 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TIERNEY, Jacqueline | Secretary | 2014-04-01 | 2024-11-12 |
| DAVIDSSON, Claes | Director | 2014-06-27 | 2020-01-01 |
| FERGUSON, Hugh Linden | Director | 2014-04-01 | 2022-07-11 |
| HAGMAN, Carl Johan | Director | 2017-03-03 | 2022-08-01 |
| HULTGREN, Staffan Werner | Director | 2014-07-01 | 2019-07-19 |
| ROBERTS, Stephen John | Director | 2014-07-01 | 2019-11-30 |
| ROBERTSSON, Harry Karl Bigger | Director | 2014-07-01 | 2022-07-11 |
| SIMPSON, Jane | Director | 2022-07-14 | 2024-12-19 |
| WELO, Tom Peter Andreas Wiel | Director | 2014-07-01 | 2017-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stena (Uk) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-23 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | AA | accounts | Accounts with accounts type full | |
| 2024-11-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-11-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-27 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.