PACCSHIP (UK) LIMITED

128 CITY ROAD, LONDON, EC1V 2NX

Company Number: 04290071
Incorporation date: 19-Sep-2001
Status: Active
Entity type: Private Limited Company

SIC codes:
50200 Sea and coastal freight water transport





SUMMARY

This company is 23.4 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -2.7 million which has worsened since the previous year's figure of GBP -2.6 million. Although the P&L is not published, we can infer from the Balance Sheet that Net Loss was GBP 37.7 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -3.2 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 1 other company. 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: 30-Sep-2025
Accounts Filed: GROUP (31-Dec-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2021 GBP 786,731 590,368
31-Dec-2020 GBP 5,726,095 -592,278
31-Dec-2019 GBP 9,426,927 -1,891,671
31-Dec-2018 GBP 22,019,778 -2,519,842
31-Dec-2017 GBP 57,422,305 27,211,672
31-Dec-2016 GBP 79,655,736 24,573,602
31-Dec-2015 USD 97,048,742 -48,049,332 115,274 4,486,588
31-Dec-2014 USD 86,270,688 1,212,386 2,183 164,163 204,698 845,708
31-Dec-2013 USD 68,013,087 -1,076,641 5,400 203,398 -326,259 -1,600,898
31-Dec-2012 USD 81,010,806 15,104,242 375,536 170,934 14,557,772
31-Dec-2011 USD 57,239,783 10,048,060 4,626 575,153 165,319 9,312,214
31-Dec-2010 GBP 24,782,105 11,891,784 6,897 446,534 97,242 11,368,337


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2023 GBP 307,057 307,057 3,251,068 500,000 -3,153,374 -2,653,374
31-Dec-2022 GBP 371,801 371,801 3,278,125 500,000 -3,115,687 -2,615,687
31-Dec-2021 GBP 262,728 268,775 3,252,800 500,000 -3,193,388 -2,693,388
31-Dec-2020 GBP 835,019 2,602,194 6,283,635 500,000 -3,283,756
31-Dec-2019 GBP 1,550,786 3,877,483 7,087,887 500,000 -2,691,478
31-Dec-2018 GBP 1,922,179 5,213,581 6,554,977 500,000 -799,807
31-Dec-2017 GBP 2,176,199 7,068,860 5,973,441 500,000 1,220,035 500,000
31-Dec-2016 GBP 1,892,799 41,344,085 16,889,641 45,041,162 500,000 -3,491,637 -2,991,637
31-Dec-2015 USD 9,773,637 23,754,086 16,947,798 500,000 -28,065,239 -27,565,239
31-Dec-2014 USD 8,837,728 27,104,495 10,697,457 71,732,792 500,000 54,480,616 54,980,616
31-Dec-2013 USD 3,262,395 19,939,305 6,278,533 79,665,342 500,000 53,634,908 54,134,908
31-Dec-2012 USD 6,955,064 24,272,121 26,588,123 68,400,286 500,000 57,235,806 57,735,806
31-Dec-2011 USD 4,251,087 21,187,447 21,482,269 85,151,464 42,678,034 43,178,034
31-Dec-2010 GBP 3,031,385 11,112,251 12,131,941 66,253,861 350,000 7,774,682 8,124,682


CONSOLIDATED FINANCIALS

P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2023 GBP 20,645 -5,999
31-Dec-2022 GBP 13,000 104,305
31-Dec-2021 GBP 786,731 793,202 -399 6,453 786,350
31-Dec-2020 GBP 5,726,095 -532,255 -89 17,326 -549,670


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2023 GBP 565,999 500,000 500,000
31-Dec-2022 GBP 611,393 500,000 500,000
31-Dec-2021 GBP 311,857 991 500,000 500,000
31-Dec-2020 GBP 853,205 91,752 158,656 500,000 500,000

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)
Resigned Chai Ming, Mrs. ABBOTT 19 Sep 2001 19 May 2018 Chartered Accountant Singaporean 0 - 28

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Jane GOH HUI LING 01 Sep 2023 Director Singaporean 1 - 00 (0.0%)
Active Wei Hong LIM 21 May 2020 General Manager Singaporean 1 - 00 (0.0%)
Resigned Hsin Yue YONG 01 May 2017 21 May 2020 Managing Director Singaporean 0 - 10 (0.0%)
Active Weng Yew HOR 01 Apr 2017 Chief Operating Officer Malaysian 1 - 00 (0.0%)
Resigned Leo William KING 11 Sep 2012 26 Feb 2014 Director British 0 - 51 (20.0%)
Resigned John Frank WIEZNIAK 01 Nov 2010 31 Mar 2017 General Manager British 0 - 81 (12.5%)
Resigned Khoon Kuan KUOK 01 Nov 2010 31 Mar 2017 Managing Director Malaysian 0 - 10 (0.0%)
Resigned Long Peng WU 01 Nov 2010 30 Apr 2017 Director Singaporean 0 - 40 (0.0%)
Resigned John Brendan, Captain DOLAN 01 Sep 2006 30 Oct 2008 General Manager Irish 0 - 21 (50.0%)
Resigned Lee-Chin CHOO 01 Sep 2006 01 Sep 2023 Financial Controller Malaysian 0 - 169 (56.3%)
Resigned Tau Kok LIM 01 Sep 2006 01 Nov 2010 Director Singaporean 0 - 61 (16.7%)
Resigned Gerald Kang Hoe, Captain SEOW 01 Aug 2006 30 Oct 2008 Director Singaporean 0 - 20 (0.0%)
Resigned Cheng Tar PHUA 19 Aug 2004 31 Jul 2006 Director Singaporean 0 - 10 (0.0%)
Resigned Per Olav KARLSEN 08 Oct 2001 31 Aug 2006 Ship Broker Norwegian 2 - 54 (57.1%)
Resigned Chai Ming, Mrs. ABBOTT 19 Sep 2001 19 May 2018 Chartered Accountant Singaporean 0 - 2811 (39.3%)
Resigned WATERLOW SECRETARIES LIMITED 19 Sep 2001 19 Sep 2001 0 - 3593815925 (44.3%)
Resigned WATERLOW NOMINEES LIMITED 19 Sep 2001 19 Sep 2001 0 - 2827613019 (46.0%)
Resigned Gerald Kang Hoe, Captain SEOW 19 Sep 2001 20 Aug 2004 Shipping Executive Singaporean 0 - 20 (0.0%)
Number of active directors: 3
Average tenure of active directors: 4.7 years
Average tenure of resigned directors: 5.1 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
PACCSHIP (UK) LIMITED (04290071) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-09-192014-09-192013-09-192012-09-192011-09-19
PACIFIC CARRIERS LIMITEDORDINARY350,000
100%
350,000
100%
350,000
100%
350,000
100%
349,998
100.0%
GERALD KANG HOE SEOWORDINARY0
0%
0
0%
0
0%
0
0%
1
0.000%
CHAI MING ABBOTTORDINARY0
0%
0
0%
0
0%
0
0%
1
0.000%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2015-09-262014-09-262013-09-262012-09-262011-09-26
PACCSHIP (UK) LIMITEDORDINARY100,000
100%
100,000
100%
100,000
100%
100,000
100%
100,000
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PACCSHIP (UK) LIMITED

no controlled companies

LATE PAYMENTS REPORT


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

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

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

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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
PACCSHIP (UK) LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 1.0% 2.3% 6.7% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% 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
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