ELLERMAN CITY LINERS LIMITEDActive
Key figures
Ratios
2024Balance sheet structure
Filed accounts2021–2024
| 2021 | 2023 | 2024 | |
|---|---|---|---|
| Turnover | — | 58,594,511 | 82,635,569 |
| Profit for the year | -385,720 | -147,144,461 | -66,371,259 |
| Cash at bank and in hand | 33,951,846 | 9,391,313 | 3,211,562 |
| Total assets | 47,417,456 | 39,756,269 | 31,723,691 |
| Total liabilities | 47,803,175 | — | — |
| Net assets / total equity | -385,719 | -140,879,807 | -207,251,066 |
| Average number of employees | 3 | 36 | 25 |
| Average pay (per year) | — | 67,560 | 83,926 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2024The principal activity of the company in the year under review was that of container shipping. GOING CONCERN The Directors have considered the application of the going concern basis of accounting and have assessed the expected future financial performance of the entity from the date of this report to 31 December 2026. The Company has net current liabilities and a balance sheet deficit. In light of this, the Company has obtained a letter of support from its immediate parent company, confirming that it will take such actions, as may be reasonably necessary, to enable the Company to continue its operations and settle its obligations in the ordinary course of business, meaning without substantial disposition of assets, externally forced revisions of its operations, or similar action, at least until 31 December 2026. Indeed, the parent company has continued its support for the company by providing £176,000,000 in loans by the year end and £26,872,750 since. The parent company has also waived all interest on this loan accrued up to 31 December 2024 and also for the foreseeable future. This amounted to £10,248,562 as at 31 December 2024. The Directors have made reasonable enquiries to enable them to consider the ability of the parent company to support the Company. Taking into account the matters described above the Directors believe that the Company will be able to meet its liabilities as they fall due and will have adequate resources to continue in operational existence until at l
As described in the company's latest filed accounts.
Summary: ELLERMAN CITY LINERS LIMITED
Company
ELLERMAN CITY LINERS LIMITED is a private limited company registered with Companies House under company number 13433172. It was incorporated on 2 Jun 2021. Its status is active. The registered office is in London (EC3N). Its nature of business (SIC 2007) is sea and coastal freight water transport (50200).
Accounts
The latest accounts in the database are for 2024 (period ending 31 Dec 2024); the company files full accounts. Turnover was £82,635,569. Loss for the year was £66,371,259. Net assets were −£207,251,066, down 47.1% on the previous year. Cash at bank and in hand was £3,211,562. The company had an average of 25 employees. Figures are available for 3 financial years (2021–2024).
Control and charges
One person with significant control is registered. 1 of 1 registered charges are outstanding.
Filing deadlines
The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 10 Jun 2027.