GRAIG SHIPPING PLC

5TH FLOOR, CAPITAL QUARTER, TYNDALL STREET, CARDIFF, CF10 4BZ

Company Number: 00157048
Incorporation date: 15-Jul-1919
Status: Active
Entity type: Public Limited Company

SIC codes:
50200 Sea and coastal freight water transport

SUMMARY

This company is 104.8 years old and is currently active. It is controlled by Idwal Williams And Company Limited. The company has negative equity (net assets) of USD -4.9 million but has improved from USD -7.3 million in the previous year. The latest reported revenue figure is USD 5.2 million which is down -50% on the previous year. Retained earnings is negative (USD -8.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 25 other companies, 8 (32.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are 3 court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: GROUP (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	USD	5,210,000	-1,410,000		2,042,000
31-Dec-2018	USD	10,332,000	-23,946,000	4,000			-26,343,000
31-Dec-2017	USD	9,134,000	-2,386,000	7,000	2,112,000	50,000	-4,441,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	USD	586,000	2,250,000	1,261,000	5,825,000	3,161,000	-8,597,000	-4,879,000
31-Dec-2018	USD	2,506,000	3,813,000	30,513,000	5,315,000	3,161,000	-10,690,000	-7,344,000
31-Dec-2017	USD	248,000	2,404,000	8,171,000	4,082,000	3,161,000	2,609,000	7,673,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	Simon David BERG	05 May 2020	16 Apr 2024			1 - 0
Resigned	Victoria Maureen DWYER-DAVIES	01 Dec 2004	30 Apr 2020	Co Secretary	British	0 - 10
Resigned	Christopher James Gibson DAVIES	02 Dec 1999	01 Dec 2004	Finance Director	British	2 - 22
Resigned	Christopher James HILTON	23 Jun 1999	30 Apr 2010	Solicitor	British	0 - 17
Resigned	Anthony William BEVAN	18 Aug 1993	30 Nov 1999	Company Secretary	British	0 - 19
Resigned	Glyn HARRIS		18 Aug 1993		British	0 - 13

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Christopher James Gibson DAVIES	01 Sep 2021		Non Executive Director	British	2 - 22	8 (33.3%)
Resigned	Nicholas David OWENS	11 Dec 2019	22 Mar 2023	Company Director	British	1 - 1	0 (0.0%)
Resigned	Steven John DAVIES	01 Jul 2016	31 Aug 2017	Service Director	Welsh	11 - 2	0 (0.0%)
Resigned	John Andrew COFFIN	14 May 2013	03 Dec 2015	Company Director	British	0 - 3	0 (0.0%)
Resigned	Philip Desmond ATKINSON	01 Jul 2010	30 Apr 2020	Technical Director	British	1 - 6	1 (14.3%)
Resigned	Peter Martin COONEY	12 Mar 2003	06 Jul 2012	Non Executive Director	British	0 - 12	2 (16.7%)
Resigned	Christopher James Gibson DAVIES	02 Dec 1999	10 Aug 2020	Finance Director	British	2 - 22	8 (33.3%)
Active	Christopher Lloyd WILLIAMS	11 Jan 1999		Company Director	British	6 - 14	8 (40.0%)
Resigned	Charles Esmond Hill DRURY	01 Jul 1996	31 Jan 2000	Director	British	0 - 7	2 (28.6%)
Resigned	Anthony William BEVAN	09 Sep 1993	30 Nov 1999	Chartered Accountant	British	0 - 19	3 (15.8%)
Resigned	Gordon Michael William OWEN	18 May 1993	18 Aug 1993	Director	British	0 - 15	7 (46.7%)
Resigned	David ELLIS		31 Jul 2007	Director	British	0 - 15	8 (53.3%)
Resigned	Richard Idwal WILLIAMS		16 Feb 1998	Director	British	1 - 7	2 (25.0%)
Resigned	Keith Graham GOWEN		18 May 1993	Director	British	0 - 4	0 (0.0%)
Resigned	Glyn HARRIS		18 Aug 1993	Director	British	0 - 13	3 (23.1%)
Active	Hugh Gwyn WILLIAMS			Director	British	5 - 17	7 (31.8%)
Resigned	Peter Colum TUDBALL		18 Aug 1993	Director	British	0 - 15	3 (20.0%)
Resigned	Desmond Idwal WILLIAMS		30 Sep 2002	Director	British	0 - 6	0 (0.0%)

Number of active directors: 3
Average tenure of active directors: 9.3 years
Average tenure of resigned directors: 3.8 years
Average active director Dissolution Rate: 35.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Christopher James Gibson DAVIES	Christopher Lloyd WILLIAMS	Hugh Gwyn WILLIAMS
CARDIFF AND BRISTOL CHANNEL INCORPORATED SHIPOWNERS' ASSOCIATION (00019654) - Active	✔	✔	✔
GRAIG SHIPPING PLC (00157048) - Active	✔	✔	✔
IDWAL WILLIAMS AND COMPANY LIMITED (00453782) - Active		✔	✔
QUINDELL BUSINESS PROCESS SERVICES LIMITED (01492207) - Active			✔
ASHKYLE LIMITED (01599483) - Dissolved	✔
GRAIG INVESTMENTS LIMITED (01692351) - Active	✔	✔	✔
GARTH RESOURCES LTD (01972686) - Active	✔	✔	✔
THE CHAMBER OF SHIPPING LIMITED (02107383) - Active			✔
GRAIG SHIP MANAGEMENT LIMITED (02962034) - Active	✔	✔	✔
CARISBROOKE SHIPPING HOLDINGS LIMITED (03783705) - Active		✔
GRAIG AELB LIMITED (03956436) - Dissolved	✔	✔	✔
CLUBCAST LIMITED (04029328) - Dissolved		✔
GRAIG COMMERCIAL MANAGEMENT LIMITED (04534945) - Dissolved	✔	✔	✔
GRAIG CHINA LIMITED (04610783) - Active	✔	✔	✔
DIAMOND SHIPPING LIMITED (04615709) - Dissolved	✔	✔	✔
GRAIG CHARTERING LIMITED (05045632) - Dissolved	✔	✔	✔
GRAIG INVEST GERMANY LIMITED (05045893) - Dissolved	✔	✔	✔
GRAIG CARDIFF SHIPPING LTD (07281436) - Active	✔	✔	✔
GRAIG MCI LTD (07281907) - Active	✔	✔	✔
GRAIG ROTTERDAM SHIPPING LTD (07281909) - Active	✔	✔	✔
GRAIG AMSTERDAM SHIPPING LTD (07288688) - Dissolved	✔	✔	✔
IDWAL MARINE SERVICES LIMITED (07302506) - Active	✔	✔	✔
GRAIG OFFSHORE LIMITED (07879082) - Dissolved	✔	✔	✔
GRAIG ALPHA LIMITED (08524479) - Active	✔		✔
LLANUNWAS COMMUNITY LIMITED (09251768) - Active	✔
THE STRIKE CLUB EUROPE LIMITED (09863806) - Active			✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2015-09-21	2014-09-21	2013-09-21	2012-09-21	2011-09-21
IDWAL WILLIAMS & CO. LTD	ORDINARY	10,000,000 100%	10,000,000 100%	10,000,000 100%	10,000,000 100%	10,000,000 100%

SHAREHOLDINGS (BETA)

Company name	Share class	Shares at confimation date
Company name	Share class	2020-10-23	2018-10-23	2018-06-11	2017-10-23	2016-06-11
GRAIG SHIPPING PLC	ORDINARY	100,000 100%	100,000 100%	14,554,050 100%	1,000 100%	13,977,900 100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES

Significant influence or control:Idwal Williams And Company Limited (453782 - United Kingdom) active

Controlling entities above

GRAIG SHIPPING PLC

no controlled companies

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

Date	Title	Reference	Subject
2017-02-10	Mr Hugh Jones v Graig Shipping plc	[2017] UKET 1600469/2016	Breach of Contract : Unfair Dismissal : Unlawful Deduction from Wages
2003-06-13	Snowstar Shipping Company Ltd. v Graig Shipping Plc & Anor	[2003] EWHC 1367 (Comm)
2003-06-13	Snowstar Shipping Company Ltd. v Graig Shipping Plc & Anor	[2003] EWHC 1367 (Comm)

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 50200 Sea and coastal freight water transport)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
EVERGREEN MARINE (UK) LIMITED	EVERGREEN HOUSE, 160 EUSTON ROAD, LONDON, NW1 2DX	01458897	2018-12-31	1,667,312,764	-43,528,735	52241-Cargo handling for water transport activities 52243-Cargo handling for land transport activities
CARNIVAL PLC	CARNIVAL HOUSE, 100 HARBOUR PARADE, SOUTHAMPTON, HAMPSHIRE, UNITED KINGDOM, SO15 1ST	04039524	2017-11-30	1,174,000,000	33,000,000	70100-Activities of head offices
METHANE SERVICES LIMITED	SHELL CENTRE, LONDON, UNITED KINGDOM, SE1 7NA	00737366	2017-12-31	1,140,551,000	-2,334,465,000
BG GAS MARKETING LTD	SHELL CENTRE, LONDON, UNITED KINGDOM, SE1 7NA	04246096	2017-12-31	113,938,000	1,075,128,000
BP SHIPPING LIMITED	CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP	00140132	2017-12-31	1,007,458,000	-109,336,000
INCHCAPE SHIPPING SERVICES HOLDINGS LIMITED	60 FENCHURCH STREET, LONDON, ENGLAND, EC3M 4AD	04980958	2017-12-31	667,800,000	10,900,000
CHEVRON INTERNATIONAL TANKSHIP LIMITED	1 WESTFERRY CIRCUS, CANARY WHARF, LONDON, E14 4HA	00485028	2017-12-31	639,495,000	4,991,000
CHEVRON TANKERS LIMITED	1 WESTFERRY CIRCUS, CANARY WHARF, LONDON, E14 4HA	03884970	2017-12-31	324,971,000	-3,345,000
E D & F MAN SHIPPING LIMITED	5 MARKET YARD MEWS, 194-204 BERMONDSEY STREET, LONDON, UNITED KINGDOM, SE1 3TQ	01770285	2018-09-30	249,058,000	8,736,000
BRAZIL SHIPPING I LIMITED	SHELL CENTRE, LONDON, ENGLAND, SE1 7NA	07211438	2017-12-31	219,526,000	1,789,000
AFRICA EXPRESS LINE LIMITED	30 TOWER VIEW, KINGS HILL, WEST MALLING, ENGLAND, ME19 4UY	04296141	2017-12-31	148,133,448	10,497,190
WILHELMSEN LINES CAR CARRIERS LTD.	C/O JAMES COWPER KRESTON THE WHITE BUILDING, 1-4 CUMBERLAND PLACE, SOUTHAMPTON, HAMPSHIRE, SO15 2NP	05052221	2017-12-31	133,558,000	33,785,000
PRINCESS INTERNATIONAL SALES AND SERVICE LTD	6 ATHENA COURT, ATHENA DRIVE TACHBROOK PARK, WARWICK, WARWICKSHIRE, CV34 6RT	00829659	2017-12-31	101,434,919	2,649,773
CHEVRON MARINE LIMITED	1 WESTFERRY CIRCUS, LONDON, E14 4HA	04572533	2017-12-31	71,459,000	153,000
PACCSHIP (UK) LIMITED	128 CITY ROAD, LONDON, UNITED KINGDOM, EC1V 2NX	04290071	2017-12-31	57,422,305	0
JAMES FISHER EVERARD LIMITED	FISHER HOUSE, MICHAELSON ROAD, BARROW-IN-FURNESS, CUMBRIA, UNITED KINGDOM, LA14 1HR	00562707	2017-12-31	48,285,267	6,100,316
PORT OF SHEERNESS LIMITED	MARITIME CENTRE, PORT OF LIVERPOOL, L21 1LA	02639118	2018-03-31	42,700,000	14,200,000
BOSTON PUTFORD OFFSHORE SAFETY LIMITED	COLUMBUS BUILDINGS WAVENEY ROAD, LOWESTOFT, SUFFOLK, UNITED KINGDOM, NR32 1BN	00455971	2017-12-31	40,041,941	-1,501,859
M & S LOGISTICS LIMITED	HOPE STREET CHAPEL, HOPE STREET, SANDBACH, CHESHIRE, CW11 1BA	03597897	2017-12-31	26,176,117	830,654
HOLYHEAD TOWING COMPANY LIMITED	NEWRY BEACH YARD, HOLYHEAD, ANGLESEY, LL65 1YB	00871758	2018-03-31	17,891,729	0
JD CONTAINERLIFT HOLDINGS LIMITED	GALLOP HOUSE, HASLER LANE, GREAT DUNMOW, ESSEX, CM6 1XS	08457615	2017-09-30	13,269,829	0
ISS GROUP HOLDINGS LIMITED	60 FENCHURCH STREET, LONDON, ENGLAND, EC3M 4AD	03650395	2016-11-27	11,081,000	-6,411,000
CETAS SHIPPING AND LOGISTICS LTD	39 PLEXAL, HERE EAST, QUEEN ELIZABETH OLYMPIC PARK, LONDON, ENGLAND, E20 3BS	04794260	2018-07-31	10,990,583	0	52290-Other transportation support activities
SPATIAL GLOBAL LIMITED	19-20 BOURNE COURT, SOUTHEND ROAD, WOODFORD GREEN, ESSEX, UNITED KINGDOM, IG8 8HD	01311235	2017-12-31	10,322,188	0	51210-Freight air transport 52103-Operation of warehousing and storage facilities for land transport activities 53100-Postal activities under universal service obligation
W.M. SHIPPING LIMITED	SUITE A, VENTURA HOUSE, VENTURA PARK ROAD, TAMWORTH, STAFFORDSHIRE,, UNITED KINGDOM, B78 3LZ	02337432	2018-02-28	8,481,603	0
AVON SHIPPING LIMITED	5TH FLOOR, 248A MARYLEBONE ROAD, LONDON, NW1 6BB	06382291	2016-12-31	8,234,556	0
TURBINE TRANSFERS LIMITED	NEWRY BEACH YARD, HOLYHEAD, ANGLESEY, WALES, LL65 1YB	06810857	2018-03-31	7,865,240	0
TRADEWAY NORTH WEST LIMITED	TOWN END PLACE, 146 LOWTOWN, PUDSEY, WEST YORKSHIRE, ENGLAND, LS28 9AY	04911489	2018-02-28	6,412,839	0
A.B. PLANT SHIPPING LTD	1ST FLOOR, 5 TOWN QUAY, SOUTHAMPTON, HAMPSHIRE, ENGLAND, SO14 2AQ	02118674	2017-08-31	4,918,260	0
PARADISE EXPRESS SERVICES LTD	84 BISHOP MANOR ROAD, WESTBURY-ON-TRYM, BRISTOL, ENGLAND, BS10 5BA	07317958	2018-07-31	414,356	0
ANGLO FREIGHT (UK) LTD	FRP ADVISORY TRADING LIMITED MOUNTBATTEN HOUSE, GROSVENOR SQUARE, SOUTHAMPTON, SO15 2RP	08818272	2017-12-31	385,144	0	51210-Freight air transport
LISCR (UK) LIMITED	THE COURTYARD SHOREHAM ROAD, UPPER BEEDING, STEYNING, WEST SUSSEX, UNITED KINGDOM, BN44 3TN	03869864	2017-12-31	376,930	0
WEST COAST DEVELOPMENT SERVICES LIMITED	MIKE GOULD, HOLYHEAD BOATYARD, NEWRY BEACH YARD, HOLYHEAD, ANGLESEY, WALES, LL65 1YB	04111846	2018-03-31	310,250	0
SMITHS PILOTAGE & CONSULTANCY LIMITED	2 TALLAND CLOSE, HARTLEPOOL, ENGLAND, TS27 3NB	08223999	2018-03-31	124,597	0
SERMARINE SHIPPING LTD	BRITANNIA HOUSE, 11 GLENTHORNE ROAD, LONDON, W6 0LH	08935103	2018-03-31	122,030	0
TJR SHIPBROKERS LIMITED	3 WINDERMERE ROAD, SUDBURY, SUFFOLK, CO10 2QD	07550728	2018-03-31	74,614	0
CPORTS LTD	MR F M TODD, BLUEBRIDGE COACH HOUSE, COLCHESTER ROAD, HALSTEAD, ESSEX, CO9 1QG	06823243	2018-03-31	25,481	0
PAUL STANNEY MARINE CONSULTANCY LTD.	13 SHIRLEY CHURCH ROAD, CROYDON, SURREY, CR0 5EF	04141548	2019-01-31	23,200	0
SOLORSHIPPING LIMITED	34 EMBLETON WAY, BUCKINGHAM, ENGLAND, MK18 1FJ	08042677	2019-04-30	16,715	0
HAMBLE YACHT DELIVERY LIMITED	36 LODGE DRIVE, DIBDEN PURLIEU, SOUTHAMPTON, HAMPSHIRE, SO45 4LX	02173287	2018-03-31	6,645	0
COASTAL LEISURE LIMITED	1ST FLOOR CHILWORTH POINT, 1 CHILWORTH ROAD, SOUTHAMPTON, HAMPSHIRE, ENGLAND, SO16 7JQ	03214116	2017-09-30	4,346	0	96090-Other service activities not elsewhere classified
ALLIED SHIPPING COMPANY LTD	105 SAFFRON PLATT, GUILDFORD, SURREY, GU2 9XY	05038017	2018-02-28	1,450	0
DBZ SERVICES LIMITED	LEONARD CURTIS HOUSE ELMS SQUARE BURY NEW ROAD, WHITEFIELD, GREATER MANCHESTER, M45 7TA	09713870	2018-08-31	0	0	51210-Freight air transport
GRF MARINE LTD	71-75 SHELTON STREET, COVENT GARDEN, LONDON, UNITED KINGDOM, WC2H 9JQ	09754528	2018-08-31	0	0
PERMA CONTAINER (UK) LINE LIMITED	G & G C - CHARTERED ACCOUNTANTS, THE BUSINESS CENTRE, 758 GREAT CAMBRIDGE ROAD, ENFIELD, MIDDLESEX, EN1 3GN	04376927	2018-02-28	0	0
HOLYHEAD WORKBOATS LIMITED	NEWRY, BEACH YARD, HOLYHEAD, ANGLESEY, LL65 1YB	07341750	0000-00-00	0	0
JAMES FISHER AND SONS PUBLIC LIMITED COMPANY	FISHER HOUSE, MICHAELSON ROAD, BARROW-IN-FURNESS, CUMBRIA, UNITED KINGDOM, LA14 1HR	00211475	0000-00-00	0	0	70100-Activities of head offices
JAMES FISHER TANKSHIPS HOLDINGS LIMITED	FISHER HOUSE, MICHAELSON ROAD, BARROW-IN-FURNESS, CUMBRIA, UNITED KINGDOM, LA14 1HR	01044203	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
GRAIG SHIPPING PLC	0.9%	3.6%	7.1%	Medium
Other companies Active in the same sector	1.0%	2.3%	6.7%	Medium


Age	0.6%	1.7%	2.7%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.6%	1.5%	2.5%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium