Condor Ferries Limited
Registered name: CONDOR FERRIES LIMITED
Condor Ferries Limited made £9m revenue and a £380k loss in the year to 30 Mar 2024.
Condor Ferries Limited’s revenue grew 18% to £9m in the year to 30 Mar 2024, with a loss of £380k and 129 employees. The company is classified under “service activities incidental to water transportation” and is based in Poole; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Poole, South West
- Age
- 39 yrs · since 1987
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 26 Mar 2022 | 25 Mar 2023 | 30 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £6.3m | £7.6m | £9m |
| Cost of sales | £0 | £0 | £0 |
| Gross profit | £6.3m | £7.6m | £9m |
| Operating profit | £480k | −£1.5m | −£380k |
| Profit before tax | £480k | −£1.5m | −£380k |
| Profit after tax | £480k | −£1.5m | −£380k |
| Profit (best available) | £480k | −£1.5m | −£380k |
| Employees (average) | 102 | 116 | 129 |
| Ratios | |||
| Profit margin | 7.6% | −19.2% | −4.2% |
| Gross margin | 100% | 100% | 100% |
| Revenue per employee | £61.7k | £65.5k | £69.7k |
| Profit per employee | £4.7k | −£12.6k | −£2.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▲20.7% | ▲18.4% |
| Profit growth | — | ▼403.6% | — |
| Headcount growth | — | ▲13.7% | ▲11.2% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.2m | £397k | £195k |
| Net assets | £4.7m | £3.2m | £2.8m |
| Fixed assets | £3.4m | £2.8m | £2.6m |
| Current assets | £1.2m | £412k | £210k |
| Debtors | £0 | £0 | £15k |
| Deferred income | £10k | £12k | £13.5k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −4.2%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £69.7k
- Revenue ÷ average employees.
- Profit per employee
- −£2.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 29.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.2%
- Money owed by customers. Low = customers pay quickly.
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
- ▼12%
- Now £2.8m
- Cash at bank
- ▼51%
- Now £195k
- Headcount
- ▲11%
- Now 129
- Deferred income
- ▲13%
- Now £13.5k
- Fixed assets
- ▼6%
- Now £2.6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Minority corporate shareholders
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Mar 2024 (profit −£380k), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.