{"name":"SHIPCO TRANSPORT LIMITED","company_number":"02298865","status":"Active","type":"Private Limited Company","incorporated":"1988-09-22","dissolved":null,"registered_office":"Essex House 8 The Shrubberies, George Lane, South Woodford, London, United Kingdom, E18 1BD","postcode":"E18 1BD","sic_codes":[{"code":52241,"description":"Cargo handling for water transport activities"},{"code":52242,"description":"Cargo handling for air transport activities"},{"code":52243,"description":"Cargo handling for land transport activities"}],"principal_activity":"The principal activity of the company in the year under review was that of the provision of freight services.","previous_names":[{"name":"SCAN-SHIPPING LIMITED","changed_on":"1995-06-01"}],"warnings":[],"accounts":{"category":"Medium","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":39,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","turnover":17295131,"profit_loss":618970,"net_assets":935132,"cash":860096,"average_employees":39},{"financial_date":"2024-12-31","turnover":20327067,"profit_loss":1330342,"net_assets":1616162,"cash":1366272,"average_employees":40},{"financial_date":"2023-12-31","turnover":15581546,"profit_loss":1411548,"net_assets":1685820,"cash":1533227,"average_employees":36},{"financial_date":"2022-12-31","turnover":31062999,"net_assets":5524272,"cash":6123832},{"financial_date":"2021-12-31","turnover":27707149,"net_assets":4209358,"cash":4606169}],"officers":{"current":3,"resigned":10,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":1,"outstanding":1},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"https://www.shipco.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/shipco-transport","people":"https://www.companiesintheuk.co.uk/company/shipco-transport/people","filing_history":"https://www.companiesintheuk.co.uk/company/shipco-transport/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02298865","financials":"https://www.companiesintheuk.co.uk/company/shipco-transport/financial","control":"https://www.companiesintheuk.co.uk/company/shipco-transport/control","charges":"https://www.companiesintheuk.co.uk/company/shipco-transport/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/shipco-transport/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/shipco-transport"}