SHIPCO TRANSPORT LIMITED
Company number 02298865 · Monitor this company
Executive summary
Shipco Transport Limited is a well-established mid-tier NVOCC subsidiary of the Danish Scan Group, operating within the highly cyclical UK freight forwarding sector. Its 2024 financial performance — £20.3M revenue, 6.5% net margin, and 23.5% ROE — represents a credible outcome during a period of severe freight rate normalisation, though gross margin compression from 25.5% to 18.7% over two years underscores the limited pricing power inherent in its market position. The conservatively capitalised balance sheet and consistent profitability through multiple cycles demonstrate operational resilience, but the aggressive dividend distribution policy and margin vulnerability in a structurally digitalising industry present medium-term strategic risks that warrant monitoring.
Shareholders' funds
£1,616,162
Balance sheet as at 2024-12-31
What it does
The principal activity of the company in the year under review was that of the provision of freight services.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1988-09-22
- Employees
- 40 (2024 accounts · was 36 in 2023)
- Registered office
- Essex House 8 The Shrubberies, George Lane, South Woodford, London, United Kingdom, E18 1BD
- Postcode
- E18 1BD
- Capital
- 249,902 GBP
- Accounts category
- Medium
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2025-12-27
- Next due by
- 2027-01-10
Nature of business (SIC)
- 52241 Cargo handling for water transport activities
- 52242 Cargo handling for air transport activities
- 52243 Cargo handling for land transport activities
Officers 3 current · 10 resigned
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Contact details
- Website
- shipcotransportlimited.com
Previous company names
| Name | Date changed |
|---|---|
| SCAN-SHIPPING LIMITED | 1995-06-01 |
Previous registered addresses 5
| Address | Changed on |
|---|---|
| 1 ARGENT COURT, SYLVAN WAY SOUTHFIELDS BUSINESS PARK, BASILDON, ESSEX, SS15 6TH | 2018-06-14 |
| CONTAINER BASE 1ST FLOOR, BOX LANE RENWICK ROAD, BARKING, ESSEX, IG11 0SQ | 2012-07-22 |
| CONTAINERWAY HOUSE, RIPPLE ROAD, BARKING, ESSEX IG11 0RL | 1996-03-14 |
| CONTAINERWAY HOUSE, RIPPLE ROAD, BARKING, ESSEX IG11 0RL | 1996-03-14 |
| 51 EASTCHEAP, LONDON, EC3M 1JP | 1992-09-21 |
Among its peers
Top 5%
by shareholders' funds, of 23 similar companies in E
The largest employer among its local peers (40 staff).
The oldest of its local peers, trading since 1988.
Competitors London
This company ranks 1 among cargo handling for water transport activities in London.
The class of 1988
51%
of the 20,917 companies incorporated in 1988 are still active today; 43% have since been dissolved.
A fact about the year, not a forecast for this company.