FRED. OLSEN CRUISE LINES LIMITED

2ND FLOOR, 36, BROADWAY, LONDON, SW1H 0BH

Company Number: 02672435
Incorporation date: 12-Dec-1991
Status: Active
Entity type: Private Limited Company

SIC codes:
50100 Sea and coastal passenger water transport





SUMMARY

This company is 32.5 years old and is currently active. It is controlled by First Olsen (Holdings) Limited. The company has positive equity (net assets) of GBP 30.4 million which has decreased from the previous year's figure of GBP 31.1 million. The latest reported revenue figure is GBP 217.2 million which is up 10% on previous year's figure of GBP 202.5 million. The company has 5 active officers (directors or partners) who are or were officers of 81 other companies, 17 (21.0%) 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 no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 25-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2018 GBP 217,209,000 4,170,000 229,000 37,000 15,000 4,347,000
31-Dec-2017 GBP 202,459,000 8,212,000 90,000 57,000 19,000 8,226,000
31-Dec-2016 GBP 181,934,000 13,681,000 97,000 407,000 13,000 13,360,000
31-Dec-2015 GBP 169,918,000 5,043,000 38,000 192,000 18,000 4,875,000
31-Dec-2014 GBP 159,400,000 -7,702,000 49,000 901,000 -18,000 -8,572,000
31-Dec-2013 GBP 160,342,000 -25,352,000 44,000 1,011,000 -19,000 -26,329,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2018 GBP 47,165,000 70,216,000 82,664,000 577,000 20,000,000 10,446,000 30,446,000
31-Dec-2017 GBP 45,985,000 75,066,000 91,729,000 1,200,000 20,000,000 11,099,000 31,099,000
31-Dec-2016 GBP 50,094,000 75,822,000 97,499,000 1,298,000 20,000,000 2,873,000 22,873,000
31-Dec-2015 GBP 23,680,000 39,758,000 79,166,000 1,151,000 149,000,000 -139,487,000 9,513,000
31-Dec-2014 GBP 6,628,000 31,780,000 75,373,000 149,000,000 -138,484,000 10,516,000
31-Dec-2013 GBP 17,665,000 38,317,000 64,245,000 24,509,000 135,500,000 -129,912,000 5,588,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2016 GBP -645.00% -129,000,000 149,000,000 20,000,000 48,837,500
31-Dec-2014 GBP 9.06% 13,500,000 135,500,000 149,000,000 142,358,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Jeremy DOWLER 04 Sep 1995 25 May 2024 Company Director British 5 - 99
Resigned Robert Simon LEGGET 13 Dec 1991 04 Sep 1995 British 1 - 61

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Samantha STIMPSON 16 May 2024 Director British 6 - 16 (85.7%)
Active Peter Colin DEER 01 Sep 2019 Director British 8 - 00 (0.0%)
Active Richard Olav AA 11 Apr 2019 Director Norwegian 2 - 00 (0.0%)
Resigned Ove Johan SOLEM 03 May 2011 22 Mar 2013 Director Norwegian 0 - 20 (0.0%)
Resigned Jan Peter VALHEIM 10 May 2007 11 Sep 2008 Chief Financial Officer Norwegian 0 - 20 (0.0%)
Resigned Per Oscar LUND 07 Jun 2006 03 May 2011 President Norwegian 0 - 30 (0.0%)
Resigned Thomas Fredrik OLSEN 15 Nov 2005 11 Sep 2008 Shipowner Norwegian 2 - 40 (0.0%)
Resigned Michael Howard RODWELL 19 Jan 2005 31 Aug 2019 Accountant British 1 - 60 (0.0%)
Resigned Michael Howard RODWELL 19 Jan 2005 31 Aug 2019 Accountant British 0 - 91 (11.1%)
Resigned Marten LUNDE 08 Jul 2003 10 May 2007 Chief Financial Officer Norwegian 0 - 21 (50.0%)
Active Anette Sofie OLSEN 19 Jun 1998 Ship-Owner Norwegian 3 - 50 (0.0%)
Resigned Harald Ivar ANDRESEN 05 Sep 1996 11 Sep 2008 Director Norwegian 0 - 31 (33.3%)
Resigned Fridthjov HAAVARDSSON 01 Apr 1996 08 Jul 2003 Director Norwegian 0 - 51 (20.0%)
Resigned Stein BERGBY 01 Apr 1996 24 Feb 2006 Senior Vice President Norwegian 0 - 10 (0.0%)
Active Jeremy DOWLER 04 Sep 1995 Company Director British 5 - 9919 (18.3%)
Resigned Paul Michael BRIGGINSHAW 19 Jul 1993 15 Feb 2005 Director British 0 - 163 (18.8%)
Resigned Thomas Fredrik OLSEN JUNIOR 19 Jul 1993 04 Jul 2022 Shipowner Norwegian 0 - 31 (33.3%)
Resigned John Cameron WALLACE 13 Dec 1991 01 Apr 1996 Director Canadian 0 - 5211 (21.2%)
Resigned Derek HAYES 13 Dec 1991 01 Apr 1996 Solicitor British 3 - 5812 (19.7%)
Resigned Robert Simon LEGGET 13 Dec 1991 04 Sep 1995 Director British 1 - 6112 (19.4%)
Number of active directors: 5
Average tenure of active directors: 12.9 years
Average tenure of resigned directors: 8.4 years
Average active director Dissolution Rate: 20.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
FRED. OLSEN OFFSHORE HOLDINGS LIMITED (00070793) - Dissolved
FELIXSTOWE SHIP MANAGEMENT LIMITED (00189138) - Active
FRED. DESSEN & CO., LIMITED (00255938) - Active
FRED DESSEN AND CO. (CHARTERING) LIMITED (00466098) - Active
BLANDFORD SHIPPING COMPANY LIMITED (00492344) - Dissolved
FRED. OLSEN LIMITED (00748590) - Active
PETRUVIUS LIMITED (00748594) - Active
FRED.OLSEN FINANCE LIMITED (00944188) - Dissolved
DOLPHIN DRILLING LIMITED (01017560) - Active
STA TRAVEL LIMITED (01263330) - Liquidation
BLANDFORD DRILLING COMPANY LIMITED (01704227) - Liquidation
BIDEFORD MARINE (01771308) - Active
CB FREIGHT LIMITED (01868225) - Active
FRED. OLSEN TRAVEL LIMITED (02287241) - Active
TYNE AGENCIES LIMITED (02532273) - Dissolved
FRED. OLSEN CRUISE LINES LIMITED (02672435) - Active
FRED. OLSEN SEAWIND LIMITED (02672436) - Active
BEARS DOWN WINDFARM LIMITED (02677534) - Active
BOLD ADVERTISING SERVICES LIMITED (02784909) - Liquidation
FLAWHURST (NO.2) LIMITED (03883884) - Dissolved
ROTHES WIND LIMITED (04364513) - Active
PAUL'S HILL WIND LIMITED (04364516) - Active
CRYSTAL RIG WINDFARM LIMITED (04364525) - Active
ROTHES II LIMITED (04916606) - Active
BENNAN LIMITED (04916640) - Active
SEAROC LTD (04951754) - Active
STA TRAVEL INTERNATIONAL LIMITED (05020040) - Liquidation
GOCRUISE LIMITED (05212061) - Dissolved
GOCRUISE FRANCHISE LIMITED (05212738) - Active
SEAROC CONSTRUCT LIMITED (05291662) - Dissolved
SEAROC MARINE LIMITED (05940211) - Dissolved
SEAPLANNER LIMITED (06341612) - Active
SEAROC GROUP LIMITED (06416555) - Active
FIRST OLSEN (HOLDINGS) LIMITED (06443267) - Active
BALMORAL CRUISE LIMITED (06443659) - Active
BLACK WATCH CRUISE LIMITED (06443666) - Active
BOUDICCA CRUISE LIMITED (06443668) - Active
BOREALIS CRUISE LIMITED (06443700) - Active
BLACK PRINCE CRUISE LIMITED (06447511) - Dissolved
FRED. OLSEN WIND HOLDINGS LIMITED (06577377) - Active
FRED. OLSEN WIND LIMITED (06577409) - Active
ELCHIES WIND LIMITED (06801474) - Active
FETTERESSO WIND LIMITED (06801490) - Active
BRAEMAR CRUISE II LIMITED (07868513) - Active
BOLETTE CRUISE LIMITED (08307805) - Active
FRED. OLSEN HOUSE (JV) LIMITED (11730313) - Active
SAMANTHA STIMPSON CONSULTANCY LTD (13796248) - Active - Proposal to Strike off
START THE ADVENTURE LTD (13796250) - Active - Proposal to Strike off
START YOUR ADVENTURE LIMITED (13844981) - Active - Proposal to Strike off
SCAPA SHIPPING INC (FC017211) - Active
TRASSEY SHIPPING LIMITED (NI024017) - Active
FRED. OLSEN RENEWABLES LICENCES LIMITED (NI039066) - Active
TITANIC HOLDINGS LIMITED (NI039974) - Active
WAVEBOB NORTHERN IRELAND LIMITED (NI041654) - Dissolved
FORREST ESTATE LIMITED (SC138789) - Active
CINCO LIMITED (SC138790) - Active
TORRS HILL WINDFARM LIMITED (SC149099) - Active
BROCKLOCH RIG WINDFARM LIMITED (SC149100) - Active
GALLOW RIG WINDFARM LIMITED (SC149102) - Active
POLWHAT RIG WINDFARM LIMITED (SC149113) - Active
POLWHAT GALLOW RIG HOLDCO LIMITED (SC163810) - Active
BROCKLOCH RIG I LIMITED (SC167067) - Active
CRYSTAL RIG IV LIMITED (SC167068) - Active
THE NATURAL POWER CONSULTANTS LIMITED (SC177881) - Active
FORREST RENEWABLES LIMITED (SC199384) - Active
NATURAL POWER SERVICES LIMITED (SC235046) - Active
ORBITAL MARINE POWER LIMITED (SC235066) - Active
MID HILL WIND LIMITED (SC257734) - Active
CRYSTAL RIG II LIMITED (SC257737) - Active
KUDO ENERGY LIMITED (SC267933) - Active
ZX MEASUREMENT SERVICES LIMITED (SC291835) - Active
WINDBORNE LIMITED (SC291836) - Active
WINDY STANDARD LIMITED (SC295866) - Active
WINDY STANDARD III LIMITED (SC295868) - Active
NATURAL POWER ASSET MANAGEMENT LIMITED (SC303181) - Active
ROTHES III LIMITED (SC307540) - Active
BROCKLOCH RIG STORAGE LIMITED (SC307541) - Active
ZEPHIR LIMITED (SC317594) - Active
OCEAN POD LIMITED (SC347935) - Dissolved
ZX LIDARS LIMITED (SC350700) - Active
CRYSTAL RIG III LIMITED (SC353920) - Active
PAUL'S HILL II LIMITED (SC353922) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-11-022019-11-022016-11-022015-11-022014-11-02
FIRST OLSEN (HOLDINGS) LIMITEDORDINARY60,000,000
100%
50,000,000
100%
20,000,000
100%
149,000,000
100%
143,000,000
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2019-12-03
FRED. OLSEN CRUISE LINES LIMITEDORDINARY40,000,000
64.2%
FRED. OLSEN CRUISE LINES LIMITEDORDINARY11,900,000
19.1%
FRED. OLSEN CRUISE LINES LIMITEDORDINARY10,400,000
16.7%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

FRED. OLSEN CRUISE LINES LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 25 3% 35% 78423
2023-01-01 2023-06-30 25 3% 39% 71766
2022-07-01 2022-12-31 27 5% 48% 65491
2022-01-01 2022-06-30 27 3% 57% 59196
2021-07-01 2021-12-31 27 4% 58% 53696
2021-01-01 2021-06-30 26 3% 58% 45505
2020-07-01 2020-12-31 33 12% 71% 38804
2020-01-01 2020-06-30 27 3% 54% 32922
2019-07-01 2019-12-31 22 2% 27% 24962
2019-01-01 2019-06-30 23 2% 31% 16643
2018-07-01 2018-12-31 23 2% 29% 9395
2018-01-01 2018-06-30 24 2% 41% 2199


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 50100 Sea and coastal passenger water transport)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
RCL CRUISES LTD 7, THE HEIGHTS, BROOKLANDS, WEYBRIDGE, SURREY,, BROOKLANDS, WEYBRIDGE, ENGLAND, KT13 0XW 07366612 2017-12-31 2,989,938,000 487,045,000 79110-Travel agency activities
MAGICAL CRUISE COMPANY, LIMITED 3 QUEEN CAROLINE STREET, HAMMERSMITH, LONDON, W6 9PE 03157553 2017-09-30 1,371,592,000 297,261,000
MSC CRUISE MANAGEMENT (UK) LIMITED 5 ROUNDWOOD AVENUE, STOCKLEY PARK, UXBRIDGE, MIDDLESEX, ENGLAND, UB11 1AF 09361148 2017-12-31 1,245,363,000 121,935,000
STENA LINE LIMITED FIRST FLOOR, 6 ARLINGTON STREET, LONDON, ENGLAND, SW1A 1RE 01402237 2017-12-31 260,200,000 5,600,000
CALMAC FERRIES LIMITED THE FERRY TERMINAL, GOUROCK, PA19 1QP SC302282 2018-03-31 206,952,000 4,242,000
FRED. OLSEN CRUISE LINES LIMITED 2ND FLOOR, 36, BROADWAY, LONDON, ENGLAND, SW1H 0BH 02672435 2017-12-31 202,459,000 8,226,000
STENA LINE IRISH SEA FERRIES LIMITED FIRST FLOOR, 6 ARLINGTON STREET, LONDON, ENGLAND, SW1A 1RE 00247740 2017-12-31 116,026,000 18,584,000
SAGA CRUISES LIMITED 3 PANCRAS SQUARE, LONDON, UNITED KINGDOM, N1C 4AG 03267858 2017-12-31 88,359,000 4,172,000
SOUTHAMPTON ISLE OF WIGHT AND SOUTH OF ENGLAND ROYAL MAIL STEAM PACKET COMPANY LIMITED 12 BUGLE STREET, SOUTHAMPTON, HAMPSHIRE, SO14 2JY 00002404 2017-12-31 51,481,000 14,649,000 50200-Sea and coastal freight water transport
BLUE FUNNEL CRUISES LIMITED FERRY HOUSE, CANUTE ROAD, SOUTHAMPTON, SO14 3FJ 02850257 2016-09-30 644,507 0
TIGRESS SPORT LIMITED 62 UPHILL WAY, UPHILL, WESTON-SUPER-MARE, AVON, ENGLAND, BS23 4TN 09864580 2019-01-31 144,569 0
WIND ENERGY MARINE LIMITED COBALT BUSINESS EXCHANGE COBALT PARK WAY, WALLSEND, NEWCASTLE UPON TYNE, NE28 9NZ 10345840 2018-12-31 120,000 0
FLUSHING FERRY LIMITED COVE FARM, PERRANARWORTHAL, TRURO, ENGLAND, TR3 7NZ 05861381 2018-03-31 65,122 0
CAITHNESS SEACOAST LTD 29 WHITEHOUSE PARK, WICK, CAITHNESS, KW1 4NX SC291271 2017-12-31 37,574 0
GREEN MARINE TECHNOLOGIES LIMITED 16 TOOK'S COURT, TOOK'S COURT, LONDON, ENGLAND, EC4A 1LB 04090301 2017-10-31 24,000 0
FEARLESS LIMITED 4 BACK STREET, ABBOTSBURY, WEYMOUTH, DORSET, ENGLAND, DT3 4JP 05908903 2018-06-30 11,320 0
EAST LOTHIAN SEA FISHING LTD 11 LIGNIERES WAY, DUNBAR, EAST LOTHIAN, EH42 1FD SC371381 2018-01-31 8,655 0
SOUTH COAST YACHTING LTD 1 HAWTHORN GRANGE, RAMSGATE, ENGLAND, CT12 5FZ 07595815 2018-04-30 7,644 0
COMMONWEALTH ARGOSY LTD 4 PEMBERTON TERRACE, CAMBRIDGE, ENGLAND, CB2 1JA 08585001 2018-12-31 95 0 56210-Event catering activities
63990-Other information service activities not elsewhere classified
94110-Activities of business and employers membership organizations
CELTIC CRUISES LIMITED 2 THE PRECINCT, REST BAY, PORTHCAWL, WALES, CF36 3RF 04256055 2018-12-31 12 0
BLUE OCEAN ADVENTURES LTD 45 HIGH STREET, HAVERFORDWEST, SA61 2BP 09306954 2018-11-30 0 0
COMMONWEALTH NAVIGATION LTD 4 PEMBERTON TERRACE, CAMBRIDGE, ENGLAND, CB2 1JA 08655657 2018-12-31 0 0
DHARMA MARINE LIMITED FIRST FLOOR, TEMPLEBACK, 10 TEMPLE BACK, BRISTOL, ENGLAND, BS1 6FL 07976800 2018-03-31 0 0
FINANCE MANAGER SCOTLAND LTD MERIDIAN HOUSE HATTONBURN, CLYNDER, HELENSBURGH, ARGYLL AND BUTE, G84 0QL SC265882 2018-04-30 0 0 77341-Renting and leasing of passenger water transport equipment
MARINE AND RISK CONSULTANTS LIMITED MARICO HOUSE, BRAMSHAW, SOUTHAMPTON, HAMPSHIRE, SO43 7JB 03767859 2018-03-31 0 0 50200-Sea and coastal freight water transport
50300-Inland passenger water transport
50400-Inland freight water transport
MINARD MARINE SURVEYING AND CONSULTING LTD MINARD COTTAGE SCHOOL ROAD, RHU, HELENSBURGH, UNITED KINGDOM, G84 8RS SC569064 2019-06-30 0 0 74909-Other professional, scientific and technical activities not elsewhere classified
OCEAN SAILING LIMITED PORTSMOUTH TECHNOPOLE, KINGSTON CRESCENT, PORTSMOUTH, HAMPSHIRE, PO2 8FA 07474023 2018-12-31 0 0 77341-Renting and leasing of passenger water transport equipment
CITY CRUISES LIMITED CHERRY GARDEN PIER CHERRY GARDEN STREET, ROTHERHITHE, LONDON, SE16 4TU 00312286 0000-00-00 0 0 50300-Inland passenger water transport
RED FUNNEL LIMITED 12 BUGLE STREET, SOUTHAMPTON, HAMPSHIRE, ENGLAND, SO14 2JY 10823670 0000-00-00 0 0 50200-Sea and coastal freight water transport

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
FRED. OLSEN CRUISE LINES LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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