How much does Marine & Towage Services Group Limited make?

Marine & Towage Services Group Limited reported revenue of £3m and £621k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

Is Marine & Towage Services Group Limited profitable?

Yes — Marine & Towage Services Group Limited reported a profit of £621k in the year to 31 Dec 2024.

Company No. 00199014 · Incorporated 2 Jul 1924

Marine & Towage Services Group Limited

Registered name: MARINE & TOWAGE SERVICES GROUP LIMITED

Part of Cable Marine Holdings Ltd group

Marine & Towage Services Group Limited made £3m revenue and £621k profit in the year to 31 Dec 2024.

Marine & Towage Services Group Limited’s revenue fell 14% to £3m in the year to 31 Dec 2024, with £621k profit. The company is classified under “sea and coastal freight water transport” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 50200Sea and coastal freight water transport

Status: Active
Location: London, London
Age: 102 yrs · since 1924
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£3m

Growth ▼13.9%

Profit

£621k

Growth ▲8.6%

Profit margin

20.8%

Gross 98.7%

Employees

—

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.5m	£3m
Cost of sales	−£62.2k	−£37.6k
Gross profit	£3.4m	£2.9m
Operating profit	£2.1m	£1.8m
Profit before tax	£971k	£1.1m
Profit after tax	£572k	£621k
Profit (best available)	£572k	£621k
Employees (average)	—	—
Ratios
Profit margin	16.5%	20.8%
Gross margin	98.2%	98.7%
Growth (year on year)
Revenue growth	—	▼13.9%
Profit growth	—	▲8.6%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Jun 2025	Accounts · bulk data Jun 2025

Derived from the latest filing

How the business works

Profit margin: 20.8%; Profit ÷ revenue.
Gross margin: 98.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Cable Marine Holdings Ltdultimate parent75–100%
MTS Group Holdings Ltd75–100%
Marine & Towage Services Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £621k), from the Companies House accounts bulk data published Jun 2025. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.